Knowledge Circle

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Information about Knowledge Circle

Published on July 4, 2009

Author: tanksons



Experiences in my profession are shared. I will be requesting like minded people for a collborative activity. Job Knowledge is certainly essential but more than that a person behind the job skills is more important.

Provides wings to the managerial functions These are recurring problem areas which put organizations in reverse  Accounting and Financial Statements gear compelling changes in  Operations Control & Performance Monitoring priorities. Experience is solutions to the yesterday’s problems.  Budgets, Financial Planning & Control Organizations are unable to deal  Sourcing Finances with changing situations with such  Taxation & Statutory Compliances skills alone.  Mr. Market – the business environment Every problem of every type is solved by somebody somewhere else. We do not know it and struggle to reinvent the solutions. So a knowledge circle is needed to share solutions. drishti~cone has invited renowned professionals to form a 'knowledge circle' for business owners and teams to improve their thinking, initiatives and abilities. Our team members have cultivated solution oriented thinking ways with nearly 250+ man year’s work behind it. Rain or shine they give people strength to withstand, sustain and grow. Businesses have limitations in employing people with diverse capabilities. Here solution is to equip a small but motivated team with requisite capabilities to handle diverse, important functional areas confidently. Assured about reliable support in commercial areas, key management can focus on important business matters. Performers need unique inner chemistry, with the job skills they need alert mind set, thinking skills, imagination and initiative supported by strong will to deliver results. Moreover, top management and performers must share the same language for a dialogue. Each person has different learning curve and thinking ways. Interpreting the situation is a key to learning. Helping one to refine this skill, think differently and solve chain of problems every day is needed for performing organizations. Everybody has skills that organizations need, but they need to be drawn out. This needs focus on unique individual learning ways than focusing on problem On job ways are always COSTLIEST WAYS to be a performing organization. Real life case studies from topics mentioned above will be used to widen the understanding horizons. Object is to challenge participants to be a self learner and performer for desired results. Such learning exercises can be tailored to suit a specific industry or organization with exclusive study shared with the top management. If it becomes necessary we can mentor the team / organization for 360 degree up gradation. Even we can train your new staff for reliable performance. Following are some of the features of knowledge sharing • Sharing with key management people what to expect from team • Primary learning & thinking skills - Introduction 1 Organizations are products of the ways the people in them learn and think.

Provides wings to the managerial functions • Group discussions and spirited learning culture • People will enjoy dealing with tough topics with relaxed alertness. • Sharing of problems, experience, knowledge & solutions • Forming a relationship with a experts for guidance – ‘a circle of knowledge’ • Problem based learning - problem definition and root cause analysis • Collaborative Spirit - co ordination and team work This knowledge sharing initiative plans to empower knowledge workers to help management in purposeful monitoring and control functions. Such people will Organizations are products of the • learn continuously from everyday problems. ways that people in them learn and • handle dynamic job requirements. think. To change for better, people • acquire relevant knowledge, abilities and should get the opportunity to confidence to practice it continuously. change the ways they think. • enhance decision / decision support skills and competence. People can learn to alter their attitudes, beliefs, skills, capabilities, It happens only when they are willing, encouraged perceptions, conduct their work or and helped. For this Dedicated participation and level of commitment. organizational involvement are essential Many, who do not learn- stagnate and loose. Many, who do not ask, get no help and stay confused. Those who look at the issue with open mind, get help, learn, try, perform and win. Help your own people to be winners. Winners -passionately love their job and role – with their head, heart and hands. -get freedom and gear up for knowledge work, skills and performance. -use saved time and energy to get deep understanding of cause and multiple effects. -allow management to focus on dynamic core business needs and priorities. -give positive and selective control over sidetracked but important realities. -help taking decisions timely, broad based, more productive and always cost effective. -learn to treat ‘business tensions’ as ‘creative tensions’. -share management’s business vision. -always dream for greater future and honour the dreams. Teams and organizations mature only this way alone. Some mature faster with least cost and create a 'Lean Organization' Some pay detrimental costs which are not affordable for them. When they mature they face entirely different realities for which they are not prepared. Winners are always respected and the world knows they always learn to WIN. Contact : drishti~cone Prakash Tanksale 305, Anant Paradise, Opp. Mahaveer College,New Palace Road, Kolhapur 416003 Email : Mobile : 9923290808 • Ask for details of knowledge sharing topics. 2 Organizations are products of the ways the people in them learn and think.

Provides wings to the managerial functions Every man in the team can be an asset. How productive is your asset base? Sr Instant Checklist No 01 Yes No 1 Threat for profitability of your Company 2 Cost threats and solution options 3 Cash flow estimates for a week, month or quarter 4 Liquidity cushion to meet major contingencies 5 Receivables - due, overdue and problematic portion 6 Payables - due, overdue and problematic portion 7 Monthly minimum cash flow for uninterrupted operations 8 Unabsorbed overheads till last month, budgeted and modified average overheads against sales of Rs.100000 9 Gap between budgeted and actual profit 10 Achievement % against long term business plan 11 Accrued internal margins for fresh borrowings 12 Statutory dues, overdues and potentail problems 13 Problem areas in last audit,tax audit, assessments,inspection 14 10 major problems before you 15 Who else can handle all these matters in your Company Are you aware about these and such points? Do you think this information is required? If yes, how frequently you get the feedback? Who feeds you back on these subjects? Are your people prepared to do this on their own ? Does your team requires external support for this? If you do not ask for this infor will your team prepare it? How many other factors such information is required? One may be doing well in product development, production, marketing, but weaknesses in these areas will never allow the organizations to reach its true potentials. Front wheels of a car are certainly important and so are the rear wheels. Information generates curiosity and desire to understand why things are so, which of them need to be better, how they can be changed by proper intervention by the management team? Designing an information system has beginning in the way chief would like to see his organization. This, eventually, depends upon the way he is kept informed to think about so many matters that may affect the fate of the organization. 3 Organizations are products of the ways the people in them learn and think.

Provides wings to the managerial functions To begin with following topics are shortlisted for knowledge sharing; more will be added in due course. Accounting and Financial Statements Financial Accounting – design and systems Financial Statements – Balance Sheet, Cash Flow, P & L a/c, Breakeven Analysis, Sensitivity Analysis Resource Accounting & Controls – Material, Production, Energy & Human Resources Systems, Computerization & ERP Audits, Assessment & Scrutiny Operations Control & Performance Monitoring Performance Monitoring & Operations Control Management Information System Costing, Pricing, Benchmarking Breakeven Analysis, Sensitivity Analysis Budgets, Financial Planning & Control Budgeting & Financial Controls Financial Planning – Operations, Liquidity Management, Cash Flow & Forecasts Banking Transactions Sourcing Finances Strategy - Short Term Plans / Long Term Plans Financial Planning – Banking Product Range Capital Expenditure, Expansions and Planning Financial Discipline & Compliances Financial Feasibility / Viability Study / Risk Analysis for Loans Taxation & Statutory Compliances Accounts, Audits, Assessment & Scrutiny Taxation – Direct Taxes & Compliances Taxation – Excise, CenVAT, Service Tax Taxation – VAT, Sales Tax,CST & Goods & Services Tax Accounts, Company Law and Compliances General Statutory Compliances Mr. Market – the business environment Competitive Advantages and Comparative Advantages Benchmarking Market - Business Environment and Planning SWOT – The Awareness 4 Organizations are products of the ways the people in them learn and think.

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