Use of pareto principle, Marketing Management

Assignment Help:

1. How do you use the indicators on your car dashboard? It's worth taking a moment to think about how the car's performance (KPIs) is conveyed through the dashboard of the car. Think about the speedometer, tachometer, and fuel gauge and so on.

Some of the characteristics of the dashboard that make it an effective tool for communicating the KPI of car speed are:

  1.  Line of sight - the speedometer is easily checked as you drive
  2.  Graphical - the speed is graphically represented by a dial and needle
  3.  Use of colour - colour conveys meaning on dashboards.

Think about some KPIs in your workplace. How could you make the representation of them more like the dashboard of your car? Complete the following table.\

Feature

How you can apply them to your workplace KPIs

Line of sight

 

Graphical

 

Use of colour

 

2. As you read the list below, tick those you are familiar with and circle those you think would be beneficial to use with your team.

  1. Design and set up a notice board
  2. Initiate other visual management procedures
  3. Schedule regular meetings
  4. Put the changes as a standing item on toolbox meetings
  5. Set up a suggestions procedure
  6. Conduct focus groups with employees that are affected by the change
  7. Employee feedback systems
  8. Project briefings about proposed changes
  9. Toolbox talks
  10. Workshops
  11. Presentations

3. In your workplace, how can you ensure that information about the proposed changes is communicated effectively? Describe the elements of your communication strategy.

4. Explain a strategy you will use to assess suggested changes and incorporate them into your work plan. Explain why you have chosen the strategy / strategies

5. How can you use the Pareto Principle to priorities problems/areas for improvement?


Related Discussions:- Use of pareto principle

How investment is significant in human resource management, How investment ...

How investment is significant in Human Resource Management? Now days in several organizations indicate which employees are viewed like valuable investments but several organiza

Environmental Apprisal, Why is environmental appraisal important for an org...

Why is environmental appraisal important for an organization

Cost function, A chair manufacturer finds that it costs $ 9800 to manufactu...

A chair manufacturer finds that it costs $ 9800 to manufacture 270 chairs and $ 16675 to manufacture 520 chairs in one day, including all costs associated with the factory and the

Concentration approach for selecting target markets, What is Concentration ...

What is Concentration Approach for selecting target markets? Concentration Approach: As an organization directs its marketing efforts in the direction of a single market

Agriculture marketing, Discuss the importance of strategy and good leadersh...

Discuss the importance of strategy and good leadership in marketing

Basic cnecpt, what are the faciliting functons of marketing

what are the faciliting functons of marketing

Are multimedia contents not significant to e-business, Are multimedia conte...

Are multimedia contents not significant to e-business applications? Multimedia contents significancy to e-business applications: Rather Multimedia contents are most signifi

Strategic managemet, 1. Explain the six key criteria for strategy selection...

1. Explain the six key criteria for strategy selection by providing appropriateexamples

Define physical evidence, In marketing the concept of 'physical evidence' r...

In marketing the concept of 'physical evidence' refers to some form of reassurance of service quality before purchase.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd