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programmes, policies, strategies and tactics designed to create and satisfy the demand for the
firms' product offerings or services as a means of generating an acceptable profit.”
Marketing management employs tools from economics and competitive strategy to analyze the
industry context in which the firm operates. These include Porter's five forces, analysis of strategic
groups of competitors, value chain analysis and others.[1]
In competitor analysis, marketers build detailed profiles of each competitor in the market, focusing
on their relative competitive strengths and weaknesses using SWOT analysis. Marketing managers
will examine each competitor's cost structure, sources of profits, resources and competencies,
competitive positioning and product differentiation, degree of vertical integration, historical responses
to industry developments, and other factors.
Marketing management often conduct market research and marketing research to perform
marketing analysis. Marketers employ a variety of techniques to conduct market research, but some
of the more common include:
Qualitative marketing research, such as focus groups and various types of interviews
Quantitative marketing research, such as statistical surveys
Experimental techniques such as test markets
Observational techniques such as ethnographic (on-site) observation
Marketing managers may also design and oversee various environmental scanning and competitive
intelligence processes to help identify trends and inform the company's marketing analysis.
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(ii) Record all the relevant information related with the existing work
system with the help of various recording devices or techniques.
(iv) Measure the work content in the terms of time of the work
elements involved in method being adopted.
(2) The man power required for a job or new plant can be determined
on the basis of accurate knowledge of the amount of work that has to
be done so it helps in manpower economy.
(3) Work measurement data provides reliable basis to decide
equipment.
(4) With its help fast and accurate delivery dates are possible.
Selection of Work:
There are certain factors which are to be taken into account
while selecting the work for method study:
(1) Economic factors:
Only those jobs are selected which keep good economic importance.
Jobs involving bottlenecks which hold up other production operations,
operations involving repetitive work etc. are the works that are
investigated and studied.
So, study will say that speed should be increased but, can the tool be
speeded up or in the machine structure able to take up this increased
load are the questions which always comes in mind while selecting the
job to be studied.
Management Techniques to
Reduce Work Content and to
Eliminate Ineffective Time
Management Techniques to Reduce Work Content and to
Eliminate Ineffective Time!
In both underdeveloped and developed countries, there are limited
resources which should be utilized to obtain maximum output i.e. the
tendency should be to perform a job by cheaper, safer and quicker
ways. The aim should be the optimum utilization of resources so as to
provide maximum satisfaction with minimum effort and expenditure.
In case the quality standards are higher than necessity for the efficient
functioning of the products, time taken of manufacture would
generally be more and would result in more rejections. Thus quality
standards must be geared to requirements. They should be set neither
too high nor too low, and they should be consistent.
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Proper maintenance will not only reduce the machine down time but
will also prolong the life of plant and machinery, so reducing capital
expenditure. Process planning coupled with method study would
ensure the selection of the most suitable tools meant for production.
Method study and operator training would reduce the work content
due to bad layout and bad working methods.
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These needs are of the lowest-order and most basic needs of human
beings. These involve satisfying fundamental biological drives, such as
the need for food, air, water, cloth, and shelter generally expressed in
the names of roti, kapada aur makan. These needs exert tremendous
influence on human behaviour. Entrepreneur also being a human
being has to meet his physiological needs for survival. Hence, he / she
is motivated to work in the enterprise to have economic rewards to
meet his / her basic needs.
3. Social Needs:
Man is social animal. These needs, therefore, refer to belongingness or
affiliation. All individuals want to be recognized and accepted by
others. Likewise, an entrepreneur is motivated to interact with fellow
entrepreneurs, his employees, and others.
4. Esteem Needs:
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5. Self-Actualization:
The final step under the need hierarchy model is the need for self-
actualization. This refers to self- fulfillment. The term ‘self-
actualization’ was coined by Kurt Goldstein and means to become
actualized in what one is potentially good. An entrepreneur may
achieve self-actualization in being a successful entrepreneur.
Work Methods
What are work methods?
Work methods are the physical actions employed to perform a task. Evaluating and
modifying work methods to prevent discomfort and injury is one of several components
of an effective ergonomics program. Work methods are also called work practices.
Work Methods
Definition - What does Work Methods mean?
Work methods are the physical actions employed to perform a task. Evaluating and
modifying work methods to prevent discomfort and injury is one of several components
of an effective ergonomics program. Work methods are also called work practices.
Work study
Work study is a means of enhancing the production efficiency (productivity) of the firm by
elimination of waste and unnecessary operations. It is a technique to identify non-value adding
operations by investigation of all the factors affecting the job.
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