Imbibing a new way of learning

Article Abstract:

Self-managed learning is a form of learner-centered training that involves putting learners together in small groups to work on real-life problems. Group members are asked to develop their own 'contracts' which should contain their learning objectives. This concept is fast gaining popularity among the UK's major companies and is being implemented in earnest at one firm in particular. Hiram Walker Agencies, a newly formed company resulting from the merger between J.R. Phillips and URM Agencies, needed to develop a culture distinct from those of its two parent companies. It wanted to become a faster and more entrepreneurial organization rather than adopt the cozy and patriarchal model all too common in the drinks business. With the help of consultant Roffey Park Management Institute, Hiram Walker achieved this objective and gained better managers who have become more aware of their roles within the firm's strategic position and business operations.

Wine and distilled beverages, Management, Alcoholic beverage industry, Training, Management training, Distributors (Commerce), Hiram Walker Agencies

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Learning to manage just-in-time

Article Abstract:

Just-in-time (JIT) inventory control systems are efficient manufacturing techniques for minimizing inventory, but they also affect labor relations. JIT has the effect of reducing the number of 'buffer' workers and increasing the responsibilities of those who remain. Not only do some workers lose their jobs, aggravating union relations, but those who stay face complicated, demanding, or unfamiliar tasks requiring more physical and mental work at the same wages. Case studies of two unnamed British factories employing JIT are presented. It is suggested that JIT is a Japanese procedure that works well within Japanese manufacturing culture, but does not travel well to England.

Case studies, Human resource management, Materials handling, Inventory control, Just in time inventory systems, Just in time systems

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Learning to see beyond the numbers: a classroom exercise involving financial statements

Article Abstract:

American business schools may provide students with adequate knowledge on the quantitative analysis of a company's financial status but the students have difficulty interpreting results. However, a new classroom exercise called 'Wall Street Workout' can arouse student interest on financial statements and make them think logically. Once immersed in the exercise, the students not only do quantitative analysis but examine the business operations of the company as well. Learning becomes meaningful since the students feel that they are part of the company.

Teaching, Study and teaching, Financial statements

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