Business Lesson 1.10.2010

       After two weeks, Mr. Sen was back today. It was a bit exciting to properly meet him. I understood that he is like a university teacher, trying to push everybody in class to think. 
We went over some miss consumptions that we did in our previous assignments. We started with the comparison of profit and non profit organizations. We choose one of the groups(ours) assignment and went over it. 


My class notes are below:


Specialization : What is the Mercedes Benz company's specialization?
 The company doesn't specialize on only cars it specializes on trucks, cars, motorcycles and more.
Mr. sen pointed out that specialization isn't only something to do with products but it can also be in the form of a service. For example the teachers that work in a school. they provide us with the 'learning service'.
  If a company has specialized laborers the rate of productivity will increase but also this will have negative affects like the laborers getting bored of doing the same things everyday. "and believe me, you don't want a bored laborer" said Mr. Sen. Another negative affect might be the inflexibility of laborers.


 Efficiency is the same thing with productivity (!!!) and it is measured by dividing the outputs to the inputs. These measures can be different, it will still make sense.


What is quality? we were asked and there were a lot of different definitions from the class. At the end of the lesson I understood that quality is very hard to measure because it is subjective. In order to measure and compare quality, one has to have many different criterias.