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BIO AssignmentProf. Sumita RaiName Shreyas Gopinath
Section D16Q1.Write some experiences that summarize your key learning experiences during the pre-mid term BIO course. The experiences that were quite memorable and a great value addition in terms of learning for me were The video session that highlighted the importance of perception and that showed in a very educative manner the way different people perceive the same person, depending on various factors. The interactive sessions we had about many topics, the most memorable being the discussion about the relevance of different motivational need theories. The participation of the entire class and their different views made the class all the more interesting. Another striking experience of the course was the game that was used to explain the self-fulfilling prophecy. Q. What questions are most alive for you from the topics we explored? The questions that are most alive for me are What is the difference between values and attitudes? How relevant are the conventional theories of motivation in today's world? What is the relevance of the different theories of organizational behaviour to Indian work culture? Q What applications do you see in what you have learned both now and in future work?The entire course was educational and very valuable in terms of understanding how organizations and teams work in the real-world scenario. Not only in organizations, but also during our course here in IIM itself, the BIO course has a lot of importance. We would be expected to work with different people during our projects and assignments. Concepts such as understanding individual behaviour, emotional intelligence, personalities and emotions and last but not the least motivation can be put to use during such teamwork exercises. In addition, we would also be interacting with the external world during placement interviews and working for committees. Concepts such as perception and impression management would be very important during such occasions. Looking ahead to the future, that is where I feel that the course holds the most importance, when we get to use the concepts relating to organization behaviour in actual practice in live organizations.Q4.Select one topic of any chapter and write the current application that is happening and what could be its impact on the future.I would like to elaborate on the topic of gain sharing as a performance-based initiative for different organizations. Lot of research has been going on this topic and findings relate to the positive effect of gain sharing on productivity. I would like to take an example of the application of gain sharing in Stagecoach Auckland in 15. Before gain sharing, many employees had objected to an idea of seeking profit from running buses. But over three years this culture was turned around and the company turned in profits.The results were-Greatly increased commitment to the Company -increased customer focus -improving contract negotiations with acceptable outcomes -excellent improvements in performance target results -valuable savings initiated by employeesThis example proves the effectiveness of gain-sharing programs in increasing productivity and performance.Q5.Suppose you are attending some conference where you have 15 minutes time to present you work, which is given in the heading no. 4 aspect of this assignment, what would be the important facts and discovery of your work that you would like to quote.Gain Sharing Gain sharing plans pay bonuses, above a fixed wage, if there is a reduction in the relevant ratio of input to output relative to the base ratio. I would like to highlight some of the new gain-sharing plans that have been introduced by organizations recently. The most widely discussed types of Gain sharing systems are the Scanlon, Rucker, and Improshare plans. Scanlon plans are the most widespread mechanism to encourage cooperation between unions and management. Under a Scanlon plan, workers receive a bonus when there is a reduction in the ratio of total labor costs to sales or market value of production. Rucker plans are similar to Scanlon plans, except that bonuses are tied to the ratio of total labor costs to value added instead of the ratio of labor costs to total sales. The participation of employees in suggesting measures to increase productivity is an important aspect of both Scanlon and Rucker Plans. The goal of the Improshare plan is the production of more final products in fewer person-hours. A performance standard is set based on industrial engineering methods. The formula is calculated as the ratio of actual time worked for all employees over total standard time earned for a base period. Gains are recorded as time saved.There is significant evidence that gain sharing plans have had a positive effect on productivity. The introduction of profit sharing plans also appears to translate into higher productivity levels, but less than with gain sharing plans. This conclusion is consistent across a number of empirical studies of profit sharing plans in France, Germany, Italy, the UK, and the US. In these studies, the productivity increases from profit sharing plans range from % to %. (OECD, 15, p.160). Gainsharing's popularity is growing - in 187, only 6 percent of Fortune 1000 firms had gainsharing plans. By 16 this number had grown to 45 percent. Please note that this sample paper on DAMN is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on DAMN, we are here to assist you. 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