Management Concepts Learnt And Applied – Planet-I
The students of planet-I take the responsibility of becoming top-notch managers very seriously and so start incorporating the management concepts learnt at every possible opportunity. So much so dedicated they are that not a day passes by without people taking crucial decisions aimed at achieving maximum utilisation. An insight into the typical schedule of a planet-I inhabitant would clearly elucidate this observation.
The time that one wakes up decides the total time period available to reach class. Here the deadlines are very sensitive to fluctuations and have such low tolerance that a minute may cost attendance. Thus the minds of the budding managers start working furiously to try and increase the efficiency of the operating cycle. A mental process flow diagram is drawn detailing the tasks required to make themselves presentable and reach class. The set-up and run-time of all the activities are quickly calculated, the results of which, in most cases, are not very promising. So, the people step up their game and work towards decreasing the cycle time and increasing the efficiency of their operation. This leads to prioritisation where the steps that are not absolutely essential are quickly discarded. The process once improvised to be functionally viable is quickly implemented.
Once in class, people start to soak up information that they would use to sharpen their skills. Every once in a while, the people engage their probability and intuitive skills to develop a predictive modal aimed to guess the dates for surprise quizzes. The inputs fed into the system to strengthen their hypothesis are the micro-expressions on the professor’s face and the unconscious signals given off by them, the timetables for the various sections as well as the past behaviour of the PGP office. Probability and statistical techniques are put in this mix and the probable subject and date of the quiz are derived. The budding managers analyse the results and based on their risk taking capability, choose to either study or chill out and enjoy.
When it comes to socialising with people by partying or eating out, accounting skills come into play. The place chosen depends on the current asset levels of the individual and anticipated expenses to be incurred. Some take into consideration the intangible asset of ‘explosion of taste buds’ and go ahead with the purchase while others get a picture of the mounting liability looming over the horizon and thus choose alternatives that are easier on the pocket. In addition, the people’s preferences also depend on their utility curve (basically a function of how much the mess food decreases their level of satisfaction) and the budget constraint that they face.
Post dinner is when people literally race against time showcasing their abilities to perform well under pressure. There is a flurry of activities, tasks assignments and division of labour with most of the minds whirring at alarming rates all in an effort to submit the assignments due before the clock struck midnight. Every inhabitant intuitively knows (or at least learns at a very young stage) that deadlines are sacrosanct and are not to be messed with.
Finally, after a hard tiring day of work and play, the network externalities come into play which makes people flock to the night mess to satiate their growling stomachs as well as to socialise and build a network. Planet-I is thus an enriched place where the inhabitants religiously apply the management concepts learnt in their daily life!