Quantathon on Thursday, Sept 19 ,2019

Department                                       –           MBA (AFMR)

Name of Event                                   –           Quantathon (Kaizen Club Activity)

Date of Event                                      –          Thursday, Sept 19 ,2019

Objective of Event                             –           Make students apply the basics of management &

QT to achieve work targets. Also to make them realise the relationship between quantity, quality and profit.

Details of Guests with Designation  –

Dignitaries Present                             –

Coordinator (s)/Convener                –          Prof Juhi Kamakoty (Coordinator Kaizen Club)

Details of Participants                                   –           MBA  Students  (Sem 1 & Sem3)

 

Write up giving highlights

Productivity of process  and Earnings  of workers  have always been an area of concern in business. Though the  law  is simple “  Produce more to Earn more” the implementation of this  varies with the type of business. In a factory set up productivity  is the number of units produced in a given time and wages are the earning of the worker. A worker / group of workers,  who produces more gets more wage. In management parlance it is  called  as ‘Wage plans’ This exercise was  meant to give students an idea of how production and earnings are related in business, how the slow workers/groups get penalized and how the fast workers/groups get rewarded. Incase of team – planning, coordination,  division of work, time management  and  monitoring etc are important to keep the team  focused to maximize earnings.

The students were divided into 23 teams comprising of  10 members per team. Each team had to maximize its earning by selectively  choosing their work  targets. Each team were given     different  job offerings  with different  complexity level and  payoff  rates. They had to  complete as many task as  they could  in 45 minutes.

The winner team was  the team that earned the highest score. Certificates were given to the winner team. The students  enjoyed the activity and burned their brains to earn their  bread. The activity was conceptualized,designed  by Prof Juhi Kamakoty . It was conducted by the Kaizen team of faculty members  – Prof Vikas Jain ,  Prof Naman Shrivastav, Prof.Anand Bhat  and undersigned. A student volunteer team of about  30 students worked in synchronization to effectively execute the activity.  Few students-Tejas Gujrati, Prachi  Patni, Bhumika Badjatya, Megha Patel  deserve a special mention in seamless execution of the event.

.Prepared by  :    Prof.  Juhi Kamakoty (Coordinator Kaizen Club)