April 05, 2018

April 05, 2018 @ 06:03 PM


What's measured improves

Some of B schools and even new IIMs have replaced GD with WAT hence, Written Ability Test has also become a tool to test MBA aspirant on assessing overall communication skills and personality, so it is also equally important and crucial component of MBA admission process.
Read WAT topic:  What's measured improves
Peter F Drucker, famed management consultant, once said, “What’s measured improves”. It is true that you can only make adjustments and improvements to things that can be measured. This is the reason why many things in life are quantified. For example, customer service is something that is not tangible. 
Hence, it is difficult to measure it. However, to enhance customer service, you need measurable factors such as the time taken for a customer care executive to address consumers’ issues and the number of queries answered by a customer care executive in a day. This is how organizations enhance customer service even though it is something that cannot be measured directly.
Many organizations follow the approach – goals, methods and metrics. For example, if the goal of an organization is to increase sales, employees of that organization first determine the method to achieve it and then decide on a quantifiable way to measure progress. 
Peter F Drucker’s saying is not just limited to organizations; it is applicable to individuals too. If you want to find out if you are successful, you have to define success and track it. Success itself is not tangible and cannot be measured; so, you would have to come up with a clearly established metric for success such as your income and the number of promotions in the last few years. 
Thomas Spencer Monson, an American religious leader and author, was absolutely right when he said, “When performance is measured, performance improves. When performance is measured and reported back, the rate of improvement accelerates”. It is true that one can only improve things which he can measure. 
This is the reason why we are constantly defining success and setting tangible and measurable goals in our lives. Without clear objectives and goals, we are stuck in the constant state of guessing, which leads us nowhere. 
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Crucial Dates, You Should not Miss

IMI New Delhi
Admissions open for PGDM / PGDM(HRM) / PGDM(B&FS) at IMI New Delhi. Last date to apply is Dec 3rd, 2018.
Birla Institute of Management Technology (BIMTECH)
BIMTECH Admissions Open for 2019.
XIMB, XUB Admissions Open for 2019 at Xavier Institute of Management. Last date to apply December 7th, 2018.
MDI Gurgaon
Admissions Open for PGPM | PGPM-HRM | PGP-IM 2019 at MDI Gurgaon. Last date to apply November 23th, 2018
Admissions open for PGDM-C 2019-2021.
Goa Institute of Management
Admissions open for 2019-2021 at GIM. Last date to apply is November 30th, 2018
Admissions open for PGDM 2019-2021 at SDMIMD.
IMT Ghaziabad
Admissions open for 2 Year PGDM and MBA programs at IMT Ghaziabad- Application Deadline is November 22nd, 2018
ICFAI Business School
ICFAI Business School Accepting Applications for IBSAT 2018
Lal Bahadur Shastri Institute of Management (LBSIM)
Admissions open for 2019 at LBSIM, New Delhi. Last date for applying Dec 15th, 2018
Experience@TAPMI Admissions Open for 2019
MDI Murshidabad
Admissions Open for PGP 2019-21 at MDI Murshidabad
SIBM, Bengaluru
Admissions Open for MBA 2019-21 at SIBM, Bengaluru
XAT 2019 Registration, Application Ends on November 30th, 2018. Exam Date January 6th, 2019