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EH MAY 2015 – INDUSTRIAL INSTRUMENTATION & CONTROLS

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EH MAY 2015 – INDUSTRIAL INSTRUMENTATION & CONTROLS

EH MAY 2015 – INDUSTRIAL INSTRUMENTATION & CONTROLS
August 13
17:07 2015

“IF YOU CAN’T MEASURE IT, YOU CAN’T MANAGE IT.” PETER DRUCKER

Management is all about achieving desired objectives. But to properly manage, you need to measure what you need to manage. For instance, if you want to manage your industrial processes to make them efficient, effective and optimum, you need to measure your processes at different points and levels. Measurements can help you and your organization to control the occurrences of undesired results. So it can be simply put, it’s all about control.

Similarly, to manage your company or business, you need to start measuring not just the areas that are causing issues but all the areas that make up your company or business run smoothly. Only the right measurements at right points and levels can help you to properly manage your company or business. Only, when the right measurements are at hand, you can know or make well informed decisions to achieve the desired results.

Why Businesses Fail?

Though there are many factors that can cause failure of businesses, but the core reason can be summarized in one single sentence “failure to constantly re-invent and control competitive advantage”.

This in turn can be due to:

  • Failure to create proper brand image.
  • Improper way of monitoring competitors.
  • Failure to update your products or services.
  • Inability to properly understand your customers.
  • Improper HR practices.
  • Uneducated HR.
  • Improper Strategy.
  • Wrong way of doing marketing.
  • Poor accounting practices.
  • Failure to manage external environmental factors.
  • Inability to capitalize upon opportunities that eventually let competitors to grow.

Though the list of factors that contributes towards business failures is quite long, only the top most were mentioned above.  Now, if we carefully notice, the basic ingredient that is missing or contributing towards failure is simply lack of proper management. Other way round, the core reason behind the companies that achieve greater successes is simply the way they manage.

How to Achieve Better Management?

The easiest way to achieve better management in your company is to simply follow the following steps:

  • The owner or the head of the management of a company should first make a list of the issues currently faced. Even employees should be asked to provide their inputs.
  • After that make a list of some of the things / objectives you want to achieve for your company.
  • Search and hire a management consultant.
  • Share and discuss the lists you created.
  • Respond to any of the queries of the consultant.
  • The management consultant will then submit you his methodology and action plan that you should follow. After that, they will do a formal study of your company, industry and environment.
  • The final report is based on recommendations, that if followed can help your company to continuously re-invent and control competitive advantage.

The duration of such activity usually take a minimum of two months to 6 months and sometimes up to a year depending on the size of the organization. Though the fees of management consultants is generally considered high, but the important factor that is ignored is the value they are adding. Simply speaking, it is not a cost but an investment. Besides, having a management consultant is a standard practice worldwide, because, management consultants can exactly guide you regarding how to achieve what you want.

“THE BEST WAY TO PREDICT THE FUTURE IS TO CREATE IT”.

For more information please contact:

Tajammul Hussain Qureshi – B.E. (Mechanical), MBA (Marketing), Business Development Director

Shop # 4, Ground Floor, Saify Development Chambers,
Moti Masjid, Near Denso Hall, M.A Jinnah Road,Karachi-74200 Pakistan
Phone  : (92-21) 32638959,32628409,32639178
Fax      : (92-21) 32624460, Mobile  : 0092- 0322-2964659

E- mail : thq@teh-ta.com , info@teh-ta.com

Skype  : tajammul.hussain59, Web  : www.teh-ta.com

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Engineering Horizons

Engineering Horizons

“Engineering Horizons” is the first & leading technical magazine of Pakistan covering Process, Mechanical, Metallurgical, Mining, Electrical & Electronics field under a single cover. We also feel pleasure in saying that this is the only magazine of its own kind & style, which is widely circulated in all Engineering Sectors of Pakistan.

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