Chapter 10 & 11

Hello guys! This week Miss Ummi cover two topics in the lecture. Before the class start, Miss Ummi asked us to do a personality test known as Myers Briggs Type Indicator (MBTI). The test is all about ourselves. From the answer, we can know the suitable job scope for us. It was so exciting. :) 

 Then, we continue the lecture in chapter 10, Miss Ummi explained BUILDING AN ORGANIZATION CAPABLE OF GOOD STRATEGY EXECUTION: PEOPLE, CAPABILITIES AND STRUCTURE.

From the explanation, I understand that hiring, training and retaining the right person constitute a key component of the strategy execution process so that the company will grow smoothly.

While chapter 11 is about MANAGING INTERNAL OPERATION. This topic discuss that rewards and incentives can promote a good strategy execution and achievement both in strategic and financial targets. A company may give monthly reward like "employee of the month" or maybe give a ticket to Mecca to perform Hajj or Umrah as their reward of excellent as the reward will motivate them to perform well in future. 

That's all from me. THANK YOU! :)

Chapter 8

CORPORATE STRATEGY: DIVERSIFICATION AND THE MULTIBUSINESS COMPANY

 WHAT IS SYNERGY???

Creating added value for shareholders via diversification requires building a multibusiness company where the whole is greater than the sum of its parts - an outcome known as SYNERGY

TQ :)

Chapter 7

STRATEGIES FOR COMPETING IN INTERNATIONAL MARKETS

This chapter discuss about the diamond framework.

The Diamond Framework answers important questions about competing on an international basis by

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

2. Highlighting foreign market opportunities where rivals are weakest

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

There are Export Strategies, Licensing and Franchising Strategies, Foreign Subsidiary Strategies,  Greenfield Strategies provided for competing in International Markets.

Collaborative Strategies involving alliances or joint ventures with foreign partners are a popular way for companies to edge their way into the markets of foreign countries.

While Cross-border alliances enable a growth-minded company to widen its geographic coverage and strengthen its competitiveness in foreign markets; at the same time, they offer flexibility and allow a company to retain some degree of autonomy and operating control.

That's all for this entry. See you next time. Thank you. :)

SHARING SESSION <O-SHIMA JAPANESE RESTAURANT>

It's a sharing session friends! :)  The sharing session was conducted by Mrs. Asnidar Hanim Yusuf, the owner of O-Shima Japanese Restaurant. The restaurant located at Kiosk B3, Shah Alam Walk , Persiaran Majlis , 40000 Shah Alam, Malaysia.

As Madam Asnidar sharing her education background, she said that she have a degree and master in engineering but her passion towards foods are bigger that she decided to opened a Japanese restaurant which provided by HALAL product. 

Madam Asnidar faced obstacle in getting HALAL certification for her restaurant since the suppliers do not want to get the HALAL certificate for their product or ingredient used in the food that she sell in her restaurant. She also shared the upside down of her business through the years and ALHAMDULILLAH, now her restaurant survived and have been accepted among the people in the area. :)

Madam Asnidar once said that "Its not always bad to fail, the most important thing is how you bounce back after the failure". Its not worth it if you cries over the river yet do nothing to stand yourself after that so it is important to gain as much knowledge as we can to get involved in business field.

This is some of the menu provided in O-Shima Restaurant. I personally want to get there and taste the variety of menu provided at the restaurant, insyaAllah. :)

THANK YOU! :D

TMA3 tutorial class with Madam Huda

In the tutorial class, we learnt how to analyze the case study. Madam Huda teach us about the TOWS MATRIX ANALYSIS. 

It was very interesting yet difficult to come out with the new idea after we combined the S+O, W+O, S+T, and W+T strategies. But yeahh, its a new thing to us so it take times to understand the application of the TOWS matrix. :)

It's the use of smartphones and gadget. isn't it? ^^

We have to make more exercise to remember the stages of case study analysis. 

THANK YOU MADAM HUDA, MISS UMMI  AND FRIENDS! :) 

CHAPTER 6

 Strengthening A Company's Competitive Position: Strategic Moves, Timing, and Scope of Operations.

1. What is BLUE OCEAN STRATEGY? B.O.S is a business strategy book first published in 2005 and written by W. Chan Kim and Renee Mauborgne of the Blue Ocean Strategy Institute at INSEAD. The book illustrates what the authors believe is the best organizational strategy to generate growth and profits. B.O.S suggests that an organization should create new demand in an uncontested market space, or a "Blue Ocean", rather than compete head-to-head with other suppliers in an existing industry. 

First Edition Cover

Miss Ummi said this is an interesting book to explore with pleasure in order to have more understanding in strategic management. so friends, you can either read it online or buy it at bookstores near you. :)

 2. Sometimes, a company's best strategic option is to seize the initiative, go on the attack, and launch a strategic offensive to improve its market position. The best offensives use a company's most powerful resources and capabilities to attack rivals in the areas where they are weakest. ^^

3. Next is horizontal and vertical scope where Horizontal Scope is the range of product and service segments that a firm serves within its focal market while Vertical Scope is the extent to which a firm's internal activities encompass one, some, many or all of the activities that make up an industry's entire value chain system.

4. A strategic alliance is a formal agreement between two or more separate companies in which they agree to work cooperatively toward some common objective. 

5. A joint venture is a partnership involving the establishment of an independent corporate entity that the partners own and control jointly, sharing in its revenues and expenses. 

6. Merger is the combining of two or more firms into a single corporate entity that often takes on a new name. 

so, that's it. see you next time!  thank you