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

Explain porters generic strategies, Question 1: Apply the PESTEL Model ...

Question 1: Apply the PESTEL Model to the Financial Services Sector in Mauritius, identifying opportunities and threats. Question 2: Analyse the steps in the Strategic

Explain the term cost -pricing decisions, Explain the term Cost -pricing de...

Explain the term Cost -pricing decisions No business can survive unless it covers its cost of production and distribution. In large number of products, retail prices are c

Elaborate the term packaging, Elaborate the term packaging? Even after...

Elaborate the term packaging? Even after the branding and development of product that product desires arise to fulfil all the other aspects of marketing mix. But most physical

CONSUMER, CONSUMER MIND IS A BLACK BOX DISCUSS

CONSUMER MIND IS A BLACK BOX DISCUSS

Explain marginal approach to ad-budget, Marginal Approach to Ad-budget: - ...

Marginal Approach to Ad-budget: - In this schema advertisement budget is decided on the basis of marginal costs and marginal revenue of advertising. Marginal cost here signifies i

How is customer response to a new product in research, How is customer resp...

How is customer response to a new product identified in marketing research? Identify customer response to a new product: This is also known as product testing. Marketing

What are the disadvantages of licensing in marketing, What are the disadvan...

What are the disadvantages of licensing in marketing? The disadvantages of licensing are as given below: • Restricted form of participation certainly to length of agreement,

Marketing planning, Marketing planning: Through strategic planning, ...

Marketing planning: Through strategic planning, the company decides what it wants to do with each business unit. Marketing planning involves deciding on planning marketing s

Product packaging, Product packaging: Meaning & definition: The p...

Product packaging: Meaning & definition: The packaging of a consumer product is an important part of the marketing plan. There are many factors to be considered while des

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