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MBA - 20 Part-3 Unit3

Self-development involves improving yourself through learning new skills and overcoming bad habits. Some key ways to develop yourself include reading about skills you want to improve, finding a mentor, reflecting daily on areas for growth, creating strong habits, and measuring your progress over time. Personal development involves improving self-awareness, identity, talents, and aspects like extraversion, agreeableness, openness, conscientiousness, and neuroticism. Common goals for self-improvement are becoming healthier, finding purpose, acquiring career skills, improving relationships, developing commitment and drive, and boosting self-esteem.

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0% found this document useful (0 votes)
110 views10 pages

MBA - 20 Part-3 Unit3

Self-development involves improving yourself through learning new skills and overcoming bad habits. Some key ways to develop yourself include reading about skills you want to improve, finding a mentor, reflecting daily on areas for growth, creating strong habits, and measuring your progress over time. Personal development involves improving self-awareness, identity, talents, and aspects like extraversion, agreeableness, openness, conscientiousness, and neuroticism. Common goals for self-improvement are becoming healthier, finding purpose, acquiring career skills, improving relationships, developing commitment and drive, and boosting self-esteem.

Uploaded by

priya srm
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Unit- 3 ..continue…..

SELF DEVELOPMENT

What do you mean by self development?


Self development is taking steps to better yourself, such as by learning new skills or overcoming
bad habits. An example of self development is taking courses at the university to learn new
skills and interesting things. YourDictionary definition and usage example.

What is self development skills?


What are personal development skills? Personal development skills are qualities and abilities
that help you grow both personally and professionally. Understanding and improving these skills
can help you maximize your potential. This process is also known as self-development or
personal growth

How do you develop self development?

here are 10 things you can do in your daily life to improve your personal development.

1. Read about what you want to improve.


Do you want to get better at a certain skill? Read about it. Be more meditative? Read books that
explain that in detail. Want to be more productive? Spontaneous? Outgoing? Confident? All
these topic areas are covered by books upon books that you can study--and by reading about it,
it'll always stay top of mind.

2. Find a mentor.
A mentor can be anyone from a peer who knows something you don't, and you want to learn, all
the way up to someone vastly more experienced who is willing to take you under their wing (in
exchange for your working in some way for or with them). Mentorship is by far the fastest path
of learning.

3. Reflect at the end of each day.


If you really want to take self-development seriously (and not just, you know, talk about it), you
need to be constantly aware of how you can improve. And the only way to know how to improve
is if you reflect and ask yourself where and how you still need some work.

4. Create a strong practice regimen.


It's your habits that unfold the results, not the other way around. You can't live one life and
expect to one day have another. You have to put in place the daily habits that will allow the
things you want to change to change.
5. Find others to push you and train with.
Self-development is not just a solo game. In fact, the best self-development is done with others in
some capacity. Spend time with people who are working on similar things as you, and you'll find
yourself growing with them at a faster rate than if you had tried to do it all alone.

6. Create a reward/punishment system.


This is necessary for people who need to break bad habits. Sometimes, it's a reward (or a
punishment) that makes the difference between immediate and rapid change, and ongoing
fleeting promises.

7. Stay honest with yourself.


No amount of talking about it will ever instigate true change. This is the hardest part for people.
It's far easier to buy a book on self-development, carry it around, and say, "I'm working on being
more present," while staying constantly on your phone to text your friends about how you're
trying to be more present. You have to really be honest about it with yourself. You are your own
judge.

8. Find role models you can look up to.


Again, self-development is not easy, so it's helpful to be able to look to others for inspiration,
motivation, or even just daily reminders of how you can continue moving forward on your
journey.

9. Measure your progress.


One of my mentors taught me, "If you can't measure it, don't do it." Took me a long time to
understand what that meant. Regardless of how ethereal the thing that you want to work on is,
you have to find some way to measure your progress. It's the only way you'll really know if you
are moving in the right direction--and when/where to pivot as you go along.

10. Consistency is the key.


Self-development doesn't happen overnight. It happens slowly and deliberately. Consistency is
what creates truly meaningful change--and this is what makes the process so difficult for people.
It's not that you pop and pill and you're done. You don't do it once and you're "fixed." Self-
development is a daily practice and lifestyle.

What are the 3 aspects of personal development?


3 Important Personal Development Aspects to Consider for Self Growth
 The First Aspect - Improving Your Self-Awareness.
 The Second Aspect - Knowing and Building Your Own Identity.
 The Final Aspect - Discovering and Developing Your Talents.

What are the 5 areas of personal development?


 These five aspects include: extraversion, agreeableness, openness, conscientiousness,
neuroticism. Several other theorists have written on several other aspects of personality
development, some of which include the mental aspects, spiritual aspects, emotional
aspects, physical aspects, social aspect, moral aspect.

What are the areas of self improvement?

Here is our Top 6 List of the most common self-improvement goals:

# 1 – Become more fit and healthy (and in particular, lose weight). Yes, this is a nearly
universal desire. Closely connected to this response is the second most commonly-voiced
aspiration: to exercise more and become more fit and healthy. We’ve combined these two as our
Top Goal.

#2 – Find our purpose in life. No small task. Some people surveyed were seeking to understand
why they were put on Earth, while others were specifically wondering what they were “born to
do.”

#3 – Acquire more skills for success. The desired skills vary markedly from person to person,
but in general, people are wishing they could sharpen the skills that lead to scholastic, career, or
life success.

#4 – Improve our personal relationships. Some people want to become more outgoing, in
order to be better at building new relationships. Others wish to improve the relationships they
already have. Some asked for the emotional maturity to handle relationships better.

#5 – Develop a deeper level of commitment and drive to challenge ourselves. We want to do


more with our lives, and we feel like we should. But sometimes we get bogged down by our own
inertia, afraid to step out there and take the challenge.

#6 – Develop a higher level of self-esteem and positivity. When you think about it, if you
could achieve goals 1-5, number 6 would probably take care of itself! So maybe this aspiration is
actually
21 personal/ Self development goals example that will aid and augment your personal growth
journey into a happier more confident you.

1. Embrace Empathy. Empathy is about objectively comprehending differing perspective


which in turn provides a wealth of insight into your own perspective.
2. Confidence. Studies have revealed that an individual’s IQ is not the most important
component for success. Instead, the following three factors are considered to be much
more important than intelligence in determining success: self-confidence, goal setting,
and perseverance. And individual’s self esteem, or your self-confidence, is basically
what he or she thinks about himself or herself. One of the reasons for boosting your self-
confidence is that there is a strong association between confidence and success. Hence,
one of your self-development goals should definitely to to boost your self-confidence.
3. Listen Actively. Actively learn to pay attention and demonstrate to others that you truly
value their opinions and what they have to say. Choose active listening, open-ended
question, with supporting body language, and remove any distractions that impede with
your ability to listen.
4. Make fear your friend. To eliminate fear, you have to first be exposed to fear allow
yourself to feel afraid and expose yourself to it. Once you are comfortable with the
ambiguity and uncertainly of the situation, you can start working your way through it in a
calm rational manner.
5. Improve your body language. Your body language is nothing but non-verbal
communication which includes the gestures and movements you project. Research has
proved that the correct body language can help you connect effectively with others and
convey your message across more efficiently. It conveys your assertiveness, confidence,
and perseverance. In fact, certain body postures can also help to improve your
performance.
6. Get along with others. You must always look for means to create rapport with others.
However, you need to be honest and your primary objective should not be to manipulate
others, rather your should learn the ways through which you can relate and get along well
with others.
7. Get along with yourself. Getting along with yourself is a precursor to getting along with
others. You must learn to appreciate and accept your skills, experience, philosophies,
aspirations, and limitations. This healthy focus and more grounded you, is inspirational
and charismatic.
8. Stop procrastinating. You need to understand that procrastination is not a character trait,
but rather a habit. Since it is a habit, it is 100% possible for you to unlearn it just as you
have learnt the habit. Strive to utilize time is the most effective manner and avoid
procrastination by all means.
9. Wake up Early. Develop the habit to get up early. The age old proverb which says:
“Early to bed and early to rise makes a man healthy, wealthy, and wise!” has been coined
owing to the multiple benefits of an early riser. Some of these include: watching and
enjoying the sun rise, do some early morning exercise for your fitness, being able to work
on a project just because it’s important to you before the day officially gets started, and
so on. In addition, studies show that early rises are happier, healthier, and more
productive than their late rising counterparts.
10. Become more proactive. Inculcate the habit of proactiveness. Some of the traits of
proactive people are :
- They consider themselves to be the creators of their lives.
- They don’t consider themselves to be victims of external conditions.
- They don’t allow other to determine their fate.
- The take ownership of the responsibility for the results the they get.
11. Master the art of conflict resolution. Conflict is a part and parcel of life. The key is to
develop the skill of conflict resolution. If you posses the ability to resolve conflicts
rationally and settle disputes amicably, it will certainly make more successful and happy.
12. Let go of the past. One of the biggest hindrances to personal growth is holding on to the
past. In order to be happy in the true sense of the term, it is very important to be in the
present. So, you must learn to release the ghosts of the past and clear skeletons from the
cupboard.
13. Read more. Read often. Nothing is more powerful than the treasure of knowledge and
the way to acquire this treasure is to read as much as you can. Research has proved that
acquiring new knowledge satisfies an individual’s thirst for competence, which makes
them eventually happier. You must develop the habit of reading books that will help you
to acquire new skills and as well as to polish your existing skills.
14. Become more resilient. Resilience is the innate ability to overcome and kind of adversity
. It is the difference between feeling helpless and facing your problems confidently and
bravely. You must always learn how to bounce back from any kind of problem; it will
only help you to emerge as a stronger individuals.
15. Manage stress effectively. Too much stress can land you up in distress. It impacts not
your physical health but also your mental and emotional health. You must know how to
effectively manage stress. There are a lot of stress management techniques available
these days. So all you need to develop is the willingness to fight stress. Finding the means
to tackle stress is not a challenge these days with help available at the click of a mouse.
16. Ignore your limitations. Limiting beliefs hinders your progress by keeping you caught
up in your comfort zone and prevents you from trying out new things and stops you from
tacking risks for the fear of failure or getting hurt in the process. You can have limiting
beliefs about almost anything ranging from money, relationship, success, and the list is
endless. It is important to identify your limiting beliefs, conquer them, and reinstate them
with positive beliefs that enable you to achieve your dreams in life.
17. Share yourself. Become a teacher and share your time, feedback, opinions knowledge
and skills. The transfer of knowledge and skills not only benefits the other person but the
process it self reinforces the neural pathways of what you know taking you closer to
mastery.
18. Increase your willpower. Harbouring a strong will power enhances your finances, your
health, your relationship, your professional success, and all other areas of your life.
Irrespective of the goals that you have set for yourself, you need willpower in order to
attain them.
19. Become more mindful. Strive to become more mindful. It helps you to acknowledge the
abundance and the benefits that is already a part of your lives. Instead of spending time
thinking about the past which you have no idea of how it is going to be, you must learn to
live in the present and enjoy the moments.
20. Make better decisions. Develop the habit to make better decisions in life. The choices or
the decisions that you make determines the life that you will eventually lead. Your
decisions share your life, so it;s all the more important that the better decisions you make,
the better your life is likely to be.
21. Work on your growth mindset. Your attitude defines who you are as a person and it the
identification point of the state of your mind. You must constantly work on your attitude
and strive to make it one conducive for growth. A positive mental attitude can move
mountains for you. It helps you to achieve what your want from life.

The above mentioned personal development goals have been listed so that you are able to life of
your dreams by setting achievable personal goals that make you a better person. So, it’s never
too late.

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KNOWLEDGE MANAGEMENT

Efficient handling of information and resources within a commercial organization.

Q1- What is knowledge management and why is it important?

Knowledge management is the process of creating, sharing, using and managing the knowledge and
information of an organization. It refers to a multidisciplinary approach to achieving organisational
objectives by making the best use of knowledge.
Knowledge management is important because it boosts the efficiency of an organization's decision-
making ability. In making sure that all employees have access to the overall expertise held within the
organization, a smarter workforce is built who are more able to make quick, informed decisions that
benefit the company.

Q-2 What is an example of knowledge management?

Some examples of different knowledge management systems include: Feedback database - A


company may have a database of feedback from customers and employees and shares this
feedback with their design and research and development departments.

What Constitutes as Knowledge?


Here is a list of what knowledge is.

1. Facts
2. Information
3. Skills acquired through education or experience
4. Understanding of a subject
5. Awareness
6. Familiarity of a fact or situation

The Objectives of Knowledge Management


The goal of knowledge management is to provide reliable and secure information, as well as
make it available throughout your organization’s lifecycle. There are three main objectives of
KM and they are:

1. Enable an organization to be more effective


2. Ensure all employees have clear and common understanding
3. Provide complete and accurate information when needed, at any given point in time

The Four Stages of Knowledge Management

KM is typically displayed in the following structure.

1-Data – This is raw data or facts that are available to you. When this data is processed, it
becomes information that can be distributed to members of your team.
2-Information – Information is the outcome of processed raw data. To create information, data
has to answer the five W’s, “who, what, where, when, and why”.
3-Knowledge – Information becomes knowledge after it is analyzed while taking your own
experiences into account. At this stage, knowledge can be used to make decisions.
4-Wisdom – When you have acquired knowledge, you can use it in conjunction with your
experiences, expertise, and personal judgments to form wisdom.

KM NEEDS:
1. Knowledge management as a business strategy.
2. Transfer of knowledge and best practices.
3. Customer-focused knowledge.
4. Personal responsibility for knowledge.
5. Intellectual asset management.
6. Innovation and knowledge creation.
Effective management of knowledge offers following BENEFITS:
1. Promotes creativity and innovation.
2. Reduces cost of production by achieving economies of scale.
3. Reduces loss of intellectual capital for the organisation.
4. Increases productivity.
5. Breaks communication barriers within the organisation.
6. Gaining a competitive edge in the market place by converting intellectual assets into value.

The knowledge management system of an organisation typically has the following


PROCESSES:
Process # 1. Identification of Knowledge Needs:

The important first step in knowledge management is the identification of the knowledge
requirements of the organisation. The knowledge requirements may vary from organisation to
organisation, depending on factors like the nature and scope of its business, competitive and
other business environments, future plans, etc.

Process # 2. Identification of Data Sources:

Once the data needs are identified, the next step is identification of sources of data for generating
the required knowledge. Data/knowledge may be readily available somewhere. If they are not
readily available, primary data will have to be gathered and the sources of such primary data
have to be identified.

Process # 3. Acquisition/Generation of Knowledge:

The next stage is acquisition/generation of knowledge. It may include acquisition of books and
other publications or other available materials, sourcing from internet, etc. Collection of primary
data or generation of entirely new knowledge may be done in-house or may be outsourced.
Outsourcing even R&D is common today.

Process # 4. Processing, Analysing, Presenting and Codifying:

The data/information/knowledge acquired/generated need to be properly processed, analysed,


interpreted and presented meaningfully and usefully. They should also be systematically
classified for easy identification for accessing any time.

Process # 5. Storing:

There must be a proper system for storing the knowledge so that they are available at the right
time to the right people.

Process # 6. Policy and System:

As indicated in the definition of knowledge management, knowledge management is a system.


That is the organisation shall establish the appropriate system integrating the various components
and suitable technologies and methods.

The organisation shall also have an appropriate policy regarding knowledge management,
including a policy in respect of accessing information, sharing/disseminating knowledge,
protecting its knowledge base, etc.

TOOLS For KM Process:

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