CORPORATE CULTURE

ASSALAMUALAIKUM..... :)

MANAGING INTERNAL OPERATIONS

Assalamualaikum..

“ An Angel watches over all your write. Make your writing meaningful, for it will eventually return to you and you will be questioned about what you wrote”- Ali ibn Abu Talib.

Today I would like to share with you about the tools for promoting operating excellence. There have included by 3 tools, which is Business Process Reengineering, Total Quality Management and Six Sigma Quality Programs.

Business Process Reengineering: involves radically redesigning and streamlining how an activity is performed, with the intent of achieving quantum improvements in performance.

It being used for cross-functional teams, cutting-edge technology and information systems to reset and refocus the organization’s strategy

Total Quality Management: entails creating a total quality culture, involving managers and employees at all levels, bent on continuously improving the performance of every value chain activity. It’s a long-term race without a finish in which success comes slowly in small steps forward (kaizen).

Six Sigma Quality Programs: utilize advanced statistical methods to improved quality by reducing defects and variability in the performance of business process.  There are two important of Six Sigma program, DMAIC and DMADV

DMAIC ; is improvement system for existing process falling below specification and needing incremental improvement. The process (Define, Measure, Improve and Control) whilst

DMADV; is used to develop new process or products at Six Sigma quality levels and the process are (Define, Measure, Analyze, Design and Verify).

The Five Competitive Forces

Assalamualaikum. How was your day?.. “my life may not be going the way I planned. But its going exactly the way Allah has planned. Indeed Allah is a better planner, the guide. So just keep praying.” Today I like to write some important thing that will come out into my final exam that I missed to explain in my post. There is Five Competitive Forces that included in chapter 3.This is actually one of analytical tool that widely used to diagnosed the competitive condition in a company’s industry. The character and strength of the competitive forces operating in industry are never the same from with other industry. Far and away the most powerful and widely used tool for diagnosing the principal competitive pressure in a market.

The  Five Competitive Forces which is :

ü  Competition from rivals sellers- pressures from other firms in the industry

ü  Competition from potential new entrants-pressures from the threat of entry of new rivals

ü  Competition from producers of substitute products-pressures from firms in other industries

ü  Supplier bargaining power-pressures stemming from supplier

ü  Customer bargaining power-pressures stemming from buyer

STRATEGIES FOR COMPETING IN INTERNATIONAL MARKETS

Assalamualaikum. “Allah does not burden a soul beyond that it can bear…”{surah al-baqarah:286}.

 Today I would like to explain about the Diamond of National Advantage which is a part of this chapter. In order, to craft a strategy tp compete in one or more countries of the world is inherently more complex for 5 reasons:

1 )Different countries have different home-country advantage in different industries The chart below show the diamond of national advantage and this is due to four sets of factors that can be analyzed using Porter’s Diamond Framework of National Competitive Advantage.

2)There are location-based advantages to conducting particular value chain activities in differ part of the world

3)Different government policies, tax, rates, inflation rates, and other economic conditions make the general business climate more favourable in some countries than in others.

4)Companies face risk due to adverse shifts in currency exchange rates when operating in foreign markets.

5)Differences in buyer tastes and preferences and present a challenge for companies concerning customizing versus standardizing their product and services.  

 The important things from this framework are about the drafting of important question about competing on an international basis. There are a few questions that helps the organization to compete by international rivals.

·      #   Predicting where new foreign entrants are likely to come from and their strengths.

·       #  Highlighting foreign market opportunities where rivals are weakest.

·         #Identifying the location-based advantages of conducting certain value chain activities of the firm in particular country.

BLUE OCEAN

           Assalamualaikum to all. “Before you pointing to others lake sure your hand is clean”. Okay now I to share with you about BLUE OCEAN. The blue-ocean is special kind of defensive and it is market space, where the industry has not yet taken shape, with no rivals and wide-open long-term growth and profit potential for a firm that can create demand for new types of products.  It concept is based on offer growth in revenues and profits by discovering or inventing new industry segments that create altogether new demand. There are example of organizations that practice blue-oceans are:

THE FIVE GENERIC COMPETITIVE STRATEGIES

Asslamualaikum.. just wanna to share something today.. “Everyone wants, happiness,.No one wants, pain, But you cannot have a rainbow, without a little rain.”  Okay let begin our sharing session. This par is one of important part from chapter five which is THE FIVE GENERIC COMPETITIVE STRATEGIES. As figure shown it is regarding on basis of competitive advantage that provided in a company.

Low-cost provider : Striving to achieve lower overall costs than rivals on products that attract a broad spectrum of buyers

Broad differentiation : Differentiating the firm’s product offering from rivals’ with attributes that  appeal to a broad spectrum of buyers.

Focused low- cost : Concentrating on a narrow price-sensitive buyer segment and on costs to offer a lower-priced product.

Focused differentiation : Concentrating on a narrow buyer segment by meeting specific tastes and requirements of niche members

Best cost provider : Giving customers more value for the money by offering upscale product attributes at a lower cost than rivals.

This is example of company that applied the GENERIC COMPETITIVE STRATEGIES.

TESCO :knowns as low cost provider and provide difference segment of product.It have involved the differ segmentation like age, demografic, gender and more into their plan of marketing.Example,as we can see, in the super market they have divided into several section of distribution of product as for different target market in order to deliver the product to who are needed. Like stationary section, the target market that who is potential to buy the product such student,teacher, businessman or else at the low price.

AIR ASIA : is the only one airline that have provide the flight ticket at the lowest price. Even it have provide the low price, but it still narrow or niche at the side of segmentation.Air asia have struggle to cut down their cost in order to provide the airline ticket at the lowest pricefor beat with other airlines.It also knwon as  leadership of low cost.

IKEA : the company of IKEA have produced a stuff of furniture. It have designed variety of furniture from differ segment , from bedroom untill office structure. Even they have broadly segmention but they still focused on differentiation product. The raw material that have been used are from quality resources and definitely the price is higher .Even they have focused on differentiation product, they still capable in this market because they have rely on broad segmentation that gived golden oppurtunity to market the product.

PORSCHE : The strategy business that have used in their marketing is differentiation product.They have provide the narrow segmentation which is exclusive product for specific target market. The have only focused on differentiation product that must be exclusively and  definitely no same at all to other rivals.

TOWS

Assalamualaikum.. hai every body…are you looking great today? Sorry because I’m late update my blog.Acctually I have missed update about  3 previous chapter and now Miss Ummi have covered 7 chapter. I just noticed about it and realized that. So, let begin our sharing session today.Actually today I would like to explain further about previous chapter..about the TOWS.TOWS is reflecting on the term SWOT (reverse the alphabet itself). SWOT analysis is a simple but powerful tool for sizing up a company’s strengths and weaknesses, its market opportunities, and the external threats to its future well-being. While TOWS is about covering and defending or correcting the weaknesses and threat of a company . Addition, it is also empowering a company through the internal strength and the external opportunities of the company. The acquisition by the combination of both internal and external factor will produce the boost of company like BLUE OCEAN, market leader and many more. The below chart will give you clearly understanding about the combination of SWOT. I have put the picture the is one of my activities class tutorial pertaining to this learning.

EVALUATING A COMPANY'S RECOURCES, CAPABILITIES, & COMPETITIVENESS

Assalamualaikum..as the title shown above,without we realize it we are now in chapter 4 in the fourth week.. then for this chapter I would like to show to you about a table that I've learned in this chapter.Addition, I just used this table as my learning by this week.It just more than SWOT..

Just simple but its applicable to used especially for the potential company..

"HAPPY LEARNING GUYS" :)

EVALUATING A COMPANY'S EXTERNAL ENVIRONMENT

Assalamualaikum...first thing first I just feeling thanks to all my readers because gived me an oppurtunity for being me as a blogger. I just think that without readers,being as blogger is nothing..For me, this is one of my glory that i ever had and I felling impresive to myself.Hahaha.. :) By the way, actually I still need to keep on eye to this blog because I need to update at every single week of lecture as my assigment.Meaning to say, it all about marks,hahaha just little joke but if you think that is true yes you are..hahaha.Okay just straight forward, today I will sharing to you about something new thing that I've learn for the third weeks.It about of EVALUATING A COMPANY'S EXTERNAL ENVIRONMENT, this chapter is quite familiar with me or those readers are came from business student background. But about what I had learn was deeper than I expected.It is about PESTEL..

P : political #its was a government intervenes in the economy include such matters as tax policy,tariffs & etcs
E : economic # about econ climate,inflation rate, unemployment and else
S : social # pertainning of social values, cultural factors, demografic factors & more
T : technoligical # include the pace of technological change like genetic engineering & nanotechnology...
E : environmental # reflect on environmental forces such as weather, climate change and else..
L : legal # relating on regulations and laws which companymust comply such as consumer law & many more

*these several components of macro-environment which is could gived impact to business over which the firm has no direct control.

Let me sharing with you about the second lesson that I had.Before that, let me ask you something about competitors.. guess whose the competitor that would appear when the business is running.?? let me guess you will be say the competitor should be from rival sellers isn't? yes its right, but it more than that actually,

There have 5 of th COMPETITIVE FORCES:
@>> Competition from rival sellers
@>> Competiton from potential new entrants
@>> Competition from producers of substitute products
@>> Supplier bargaining power
@>> Customer bargaining power

*wAOW its quite challenging being as businessman huh!! they need bulit up a super duper implement or agressive action to all those competitors.
okay I think I should stop at here and Insya Allah  from bless of Him , I could continue my writing for the next post as my next lecture. "HAPPY LEARNING"

VISSION & MISSION

Assalamualaikum to everyone ..ok for the next topic of this subject is vission and mission..This is the most important thing needed in an organization in order to get great achivement in reputation.

VISSION :  is mean by what are you want to be. (straight forward, clearly and shortly)

MISSION : is about how the way that we need to do in order to  make our vission become true (more                           details, state certain period, the achivement that want to become, in short term)

Lastly, i like to share with you what i had found that one of famous company's vission and mission..

http://www.aboutmcdonalds.com/mcd/our_company/mission_and_values.html

HAPPY LEARNING FRIENDS!! :)

Nature of Strategic Management

Assalamualaikum..to all my reader(s)..actually i just wanna to share with you about what i have learned in strategic management subject within this semester.I will update my lesson from week by week .Firstly I wanna to make a confess that i not really good in English grammar, but i try my best to make better improvement. Then i hope so that you all will enjoy my simple blog and can support behind me of my first experience as 'BLOGGER'. Okay let begin from the first lesson in second week lecture.For the first chapter,I have learned about THE NATURE OF STRATEGIC MANAGEMENT , wow.. its sound really heavy chapter... my first impression surely bore or hardly. BUT!!! after my cute lecturer, Miss Ummi Salwa Bte Ahmad Bustamam give some briefing of this, it looks like more easy than i expected..Before that, I will explain little bit about [definition of strategic management ; it is about art and science of formulating , implementing ,and evaluating cross- functional decisions that enable an organization to achieve its objectives]

okay now let me share with you about the important that you must know from the definition above,it is relating on STRATEGIC FORMULATION, STRATEGIC IMPLEMENTION & STRATEGIC EVALUATION..

Every single administration in company is necessary built up a strategic management in order to evaluate their reputation..for the first step
1) Strategy formulating : develop vision and mision, identify an organization external and internal (SWOT)
2) Strategy implemation : establish objectives, devise policies, motivate employees, and allocate resource so that formulated strategies can be executed.
3) Strategy evaluation : reviewing external and internal (SWOT)