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

Discuss the retail pricing strategies, Question 1 Define e-tailing. Explai...

Question 1 Define e-tailing. Explain the future of electronic retailing Question 2 Explain the factors which are leading to the growth of retail sector Question 3 Descri

Evaluation of advertising media - magazines and journals, Q. Evaluation of ...

Q. Evaluation of advertising media - Magazines and Journals? Are one more form of print media. These are published regularly at regular intervals like fortnightly as well month

Describe the role for marketing communications, Describe the role for marke...

Describe the role for marketing communications It leads to a new form of and role for marketing communications, and to a vision that an organisation's entire marketing communic

Define the final stage of decision making process, Define the final stage o...

Define the final stage of decision making process. Post Purchase Performance Evaluation: In the last stage of buying process, the product’s performance is estimated. The

Buying decision process, with reference to the purchase of a new television...

with reference to the purchase of a new television set explain the buying decision process which a typical consumer goes through demonstrate how company can formulate their marketi

What are views of management philosophers about marketing, What are views o...

What are views of management philosophers about marketing? Many management philosophers consider marketing to be the most crucial function of a business. Into a business organi

How are public relation support company, How are public relation Support Co...

How are public relation Support Company? Public relations also help the company to attain its full potential. They give feedback to the company through the public. This typical

Assel model, Explain Henry Assael Model of buying decision behaviour along ...

Explain Henry Assael Model of buying decision behaviour along with the diagram

Measure the return on investment of an advertising campaign, Question 1: ...

Question 1: What role does copy play in a campaign? Why copy has to be written with great knowledge and skill. All relevant points needs to be addressed from Unit 6 compl

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