Hello guys..okay in my tutorial class everyone need to share their current issues regarding with our hot issues occur in Malaysia today and relate with our topic which is the good strategic to expand the business. I want to share to all of you what i get from new straits time. It about "Suite factor in rising medical costs". Wow..that means the price of medical cost become high???How about the poor??Should them able to pay the cost?? I think "NO"...
The soaring price of medical suites a major factor in the advancing costs of healthcare. They want to be the leading push factor in the uptrend of medical costs in select hospitals. Healthcare sources said the trend of building these medical suites was linked to the perceived scarcity of doctors and the need for them to be close to the patient in case of emergencies.
Usually, the medical suites allow them to practice and be situated in the hospitals itself. Today, most of doctors prefer to purchase these suites because they also want to partake in their inflated price growth. They also set up their clinics and meet patients there, and sometimes reside there too. Prices have snowballed and middlemen investors are sometimes involved. This trend has started earlier at Singapore but Malaysia also catch up as country aiming for medical tourists.
Another source is this trend and inflationary pressures were the main contributed to the continue rise in the costs of healthcare, as consultancy fees would need to keep up with higher wages for the servicing of these medical suites. So how about the patients do not want to continue with a certain type of treatment because it is too expensive...??
"People perceive medical specialist as having in high degree of earning power, BUT would the case in the future with these developing trends???For me, the ruling party need to make better decision before make some strategy and think to another people were not able to get the treatment..
From the conversation of two people what do you expect??What they are taking about??Okay today we will cover for two chapter based on the two title first building an organization capable of good strategy execute and managing internal operation..We move for chapter 10. We will cover all about what manager should do to execute strategy successfully and at the same time learn why hiring, training and retaining right people constitute on execute process.
In this topic it divide by 5 types which is a framework for executing strategy, building an organization capable of good strategy execution, three key action, staffing the organization, acquiring developing and strengthening key resources capabilities and matching organizational structure to the strategy.
In
my opinion, execution of the strategy is complex task then forming the
strategy. We are trained to formulate the different corporate level, business
level and operational level strategies but we lack the execution part of the
strategy. To a large extent, our end result or our business accomplishment and
goal achievement depends on how we execute our strategy. To achieve our
intended goals, our strategy should align with the human resources of the
organization and their skills, technology, mission and objectives of the
organization etc. And there should be clearly defined authority and
responsibility for proper execution of the strategy. Without proper alignment
of the strategy with that other key aspect of the organization, it will be
difficult to implement and execute the strategy into action. Furthermore,
strategic execution takes long period of time and it cannot be done overnight.
When we execute new strategy many factors both anticipated and unanticipated
come into play adding difficulties to the execution. For example, competitors
may act unfairly to our new move (external factor) or our employees may resist
the change demanded by our strategy in operation level (internal factor).All these factors should be taken into
consideration before we execute our strategy which obviously increases the difficulty of execution efforts.
The principle of strategy execution is the principal of alignment where
strategy is simplified to the point so that it can be effectively communicated
to the people who are directly or indirectly involved with strategy
implementation in such a way that they understands what is really mean to
implement that specific strategy and what will be the end result of strategy implementation.
We move to chapter 11 which is managing internal operation..In this topic we are able to understand how the process of managing internal operation. Let we start with this video,,lets enjoys..:)
What is internal operation??Did anybody understand the meaning??
In this topic what i understand is total quality management.
Managing Internal Operations: Actions That Promote Good Strategy Execution
A company’s ability to marshal the resources needed to support new
strategic initiatives and steer them to the appropriate organizational
units has a major impact on the strategy execution process. The funding
requirements of a new strategy must drive how capital allocations are
made and the size of each unit’s operating budgets. Underfunding
organizational units and activities pivotal to strategic success impedes
execution and the drive for operating excellence. A change in strategy
of a push for better strategy execution generally requires some changes
in work practices and the behavior of company personnel. Well-conceived
policies and procedures aid strategy execution: out-of-sync ones are
barriers.
Six sigma programs is utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business process. Six sigma technique can stifle innovation and creativity.
What about installing information and operating systems? Having state of the art operating systems, information systems, and real time data is integral to superior strategy execution and operating excellence.
Finally the guidelines for designing incentives compensation systems that can i share is:
# Make the performance payoff a major, not minor, piece of the total compensation package
# Have incentives that extend to all managers and workers not just top management
#Administer the reward system with scrupulous objectivity and fairness
#Ensure that performance targets set for each individual or team involve outcomes that the individual or team can personally affect
#Keep the time between achieving the performance target and receiving the reward as short as possible
#Avoid rewarding effort rather than results
This week our tutorial is cancel but Madam Huda want to all of us to discuss about new case which is UMW holding..After i solve of all the problem and what can i share from this situation is UMW Holding is one of the biggest company that serve of an automotive assembly and distribution, automotive components and lubricants OEM and REM, heavy equipment, oil and gas drilling service industry..
Hai assalamualaikum everyone..Today 19/11/2013 we continue our lectures about new topic which is corporate strategic. What is corporate strategy??? It means the overall scope and direction of a corporation and the way in which its various business operation work together to achieve particular goals. What can i share today firstly i want to comment what is diversification strategy?? Diversification is a corporate strategy to increase sales volume
from new products and new markets. Diversification can be expanding into
a new segment of an industry that the business is already in, or
investing in a promising business outside of the scope of the existing
business. So it have 4 steps which is:-
Picking new industries to enter and deciding on the means of entry
Pursuing opportunities to leverage cross-business value chain relationships and strategy fit into competitive advantage
Establishing investment priorities and steering corporate resources into the most attractive business units
Initiating actions to boost the combined performance of the cooperation's collection of business.
How about shareholder value? The ultimate justification for diversifying?? Testing whether diversification will ads long term value for shareholder by: a) The industry attractiveness test b) The cost of entry test c) The better off test
There are three forms of new business can take: acquisition, internal start up, or joint venture. The choice of which is best depends on the firm's resources and capabilities, the industry's entry barrier's, the important of speed and relative costs. Besides, there are two fundamental approach to diversification which is related business and unrelated business. What is RELATED Diversification? It means business with match ups along their respective value chain, and then capitalize on the strategic fit by sharing or transferring the resources and capabilities across matching value chain activities to gain competitive advantage. UNRELATED Diversification? Strategy that surrender the competitive advantage potential of strategic fit at the value chain level in return for the potential that can be realized from superior corporate parenting or sharing and transfer of generalized resources and capabilities.
And we also learn how to analyzing good company's diversification strategy in consists of a six step process:
# Evaluate the long-term attractiveness of the industries into which the firm has diversified. # Evaluate the relative competitive strength of each of the company's business units. # Check for cross business strategic fit # Check whether the firm's resources fit the resource requirement of its present business lineup # Rank the performance prospects of the business from best to worst, and determine what the corporate parent's priority should be in allocating resources to its various business # Crafting new strategic moves to improve overall corporate performance.
In this chapter also have their own factors motivating the adding of business which is transfer of resources and capabilities to related or complementary business, rapidly changing technology, legislation, or new product innovation in core business, shoring up the market position and competitive capabilities of the firm's present business and extension of scope of the firm's operations into additional country markets.
An independent company created when a corporate parent divests a business by distributing to its stockholders new shares in the business called as SPINOFF.
Company wide restructuring or CORPORATE RESTRUCTURING is involve making major changes in a diversified company by divesting some business and acquiring others, so as to put a whole new face on the company's business lineup.
To conclude, Corporate level strategy involves making decisions about which businesses to own and invest in (portfolio strategy) and how to manage or parent the businesses (management/parenting strategy).
Added value logic is a common guiding thought in both portfolio strategy and parenting
strategy. Hence it is a central pillar of corporate -level strategy: companies should aim to be the best parents of the business units they own.
In this week there have no lectures but student need to attend in this lectures because our lecturer was invited her friend to share with us about her new restaurant and how she achieve the success. As we know, not easy to achieve whatever we want in the world without do anything and i'm sure that everyone have their own failure. The failure make we more enthusiastic and can face all the challenger for the next time..
Our speakers name is Mrs. Asnidar Hanim Yusof and had degree and master based on engineering and she became a successful women after have their own failure. She set up her business with largest business and then the business were collapse. From this experiences she never give up and look for the future and how to start again the business with more careful and look at new strategies. To get the HALAL certificate is so hard because many procedure need to be fulfill and without the strong evidence and reasons the party were reject her request to get the certificate. O-SHIMA Japanese Restaurant located at Kiosk b3, Shah Alam Walk, Persiaran Majlis, 40000 Selangor and she also have their own branch at many state.
The owner wearing black scaft :) so beautiful right?? I was very impressed with her because she never give up and always have in positive side.
There are a lot of variety of foods such as sushi.. So delicious and also have many types of hot dishes. The price is very suitable for all people especially students and what is an important is all of the to make this sushi is HALAL and get the certificate from JAKIM.
Actually i also love this kind of sushi and now i didn't felt worried again to eat because it is HALAL. Mrs Asnidar also share with us why she need to rise again and why she didn't continue her work to become an engineer. This is because she want to look her children grown up in front of her ice and enjoy the beautiful moments of raising her child. I'm sure that all of mother in the world want to look her own child grown up together and it is up to the individual how to implement their child. She also said that she loves to eat and her husband like to cook a variety types of food and make his wife(Mrs Asnidar) to taste all of it.
In a nutshell, i want to advised to all my friends and also especially for myself do not easily give up, always be in positive side and try to get the best solution before make some action. After that, don't forget to pray and relying to ALLAH because at lastly we find our success even a thousand of years..Believe it.. INSYALLAH..
This week we continue with chapter 7 which is mention about strategies for competing in international markets. From this chapter what i learn is we can understand the primary reasons companies choose to compete in international markets. Second, learn how and why market conditions across countries influence a company's strategies. Third, learn the five majors strategies options for enter foreign markets and gain familiarity with three main strategies approach for competing. Next, understand how multinational companies are able to use international operations to improve overall competitiveness.
Why some companies decide to enter foreign market???To get a lot of profit??I think this is one of the reasons but actually it have five majors reasons. First, to gain access to new customers, achieve lower costs through economics of scale, experience, and increase purchasing power, further exploit its core competencies. Next to access to the resources and capabilities located in foreign markets. And last to spread its business risk across a wider market base. And why the company compete across national borders makes strategies making more complex?? This is because different countries have different home country advantage in different industries. Second, there are location based advantage to conducting particular value chain activities in different parts of the world. Third, different government policies, tax rates, inflation rates, and others economics conditions make the general business climate more favorable in some countries than in others. Fourth, companies face risk due to adverse shifts in currency exchange rates when operating in foreign markets. And finally, differences in buyers tastes and preferences present a challengers for companies concerning customizing versus standing their products and services.
When an organization has made a decision to enter an overseas market,
there are a variety of options open to it. These options vary with cost,
risk and the degree of control which can be exercised over them. The
simplest form of entry strategy is exporting using either a direct or
indirect method such as an agent, in the case of the former, or counter trade, in the case of the latter. More complex forms include
truly global operations which may involve joint ventures, or export
processing zones. Having decided on the form of export strategy,
decisions have to be made on the specific channels. Many agricultural
products of a raw or commodity nature use agents, distributors or
involve Government, whereas processed materials, whilst not excluding
these, rely more heavily on more sophisticated forms of access. These
will be expanded on later.
Having done all the preparatory planning work (no mean task in
itself!), the prospective global marketer has then to decide on a market
entry strategy and a marketing mix. These are two main ways of foreign
market entry-either by entering from a home market base, via direct or
indirect exporting, or by foreign based production. Within these two
possibilities, marketers can adopt an "aggressive" or "passive" export
path.
Entry from the home base (direct) includes the use of agents,
distributors, Government and overseas subsidiaries and (indirect)
includes the use of trading companies, export management companies,
piggybacking or counter trade. Entry from a foreign base includes
licensing, joint ventures, contract manufacture, ownership and export
processing zones. Each method has its peculiar advantages and
disadvantages which the marketer must carefully consider before making a
choice.
During our tutorial class also discuss about case study Piping hot dogs-a case of a Malaysian franchise-
First of all we need to know what the strategies that uses in this business. What are the structure, the rivalry, and also need to analysis our competitive pricing strategy. There have three solution which is buyer stage, factor condition and related and supporting industry. Okay first, we have 5 stage level of ages for know the buyers which is :
Baby/todlers
12-15 years old
15-23 years old
24-25 years old
45 and above
We need to know how the ages can influences the buying process.
Next, what is factor condition? We need to look at the price and what the ingredient or raw materials that were use in produce the hot dogs whether in lower or high price. From where they get the chicken and how the chicken deliver to Malaysia.
And finally what the related industry does make the similar business? For example, Ramly nuggets, Ayamas brand and so on also produce the same things. But what is special in this Nineteen O One Sdn Bhd they use Halal ingredients and also get the HALAL certificate from JAKIM. So Muslims people didn't worry to buy because today many cases that involve HARAM ingredients while in making hot dogs. So as a consumer we need to be more careful in buying hot dogs. We also need to look at the opportunity and threat that the company use. The company use their own recipe, re branding and also super brand, and also use different packaging that different from the others. They use red and green plastic packaging to make them is interesting and attract customers. Thats all..:)
Erm actually i don't know what to write now..This is because the clock shown 11.37 pm and I felt so sleepy. But before i continue my sleep i want to share something. Okay, this week i will learn about strengthening a company's competitive position: Strategies moves, timing, and scope of operations. First of all we need to know what the objectives in this topics ok :)...
Learn whether and when to pursue offensive or defensive strategic moves to improve a company's market position.
Recognize when being a first mover or
a fast follower or a late mover is most
advantageous.
Become aware of the strategic benefits
and risks of expanding a company's
horizontal scope through mergers and
acquisitions.
Learn the advantages and disadvantages of extending the company's scope of operations via vertical integration.
Become aware of the conditions that favor farming out certain value chain activities to outside parties.
Understand
when and how strategic alliances can substitute for horizontal mergers
and acquisitions or vertical integration and how they can facilitate
outsourcing.
After we know all of the objectives i want to make conclusion by this topic. This is because this topic is quite long. Companies can make a number of different strategic moves to build
competitive advantage. The aim is to create a clear difference that is
important to your customers, and is something your competitors cannot
match. You can create competitive advantage by developing a strategy of
leadership in factors such as cost, quality, innovation and customer
experience. Erm from that i think all companies should have their own strength because it is more important to develop success when making something.
Look at this picture..Based on this picture we can know this is important in company have their merger and also acquisition. What is MERGER? As i know merger is a combination of two things, especially companies, into one. So when one team combine together we can get the best result and achieve the success. ACQUISITION??? Its means combination in which firms the acquire purchases and absorbs the operations of another firm, the acquired.
During my tutorial class, we try to solve the case about the digital age shall I tag along? So what i get from this lesson is all about SWOT analysis.
This is what can I share with all of u..Thanks for reading..;)
1) Air Asia, proton, Malaysia airliners 2) Giant, Tesco, Kamdar, McDonalds, KFC 3) Bonia, louis vuitton, victoria secrets, honda, old town kopitiam, JW Marriott, Victoria's secret 4) Porsche
Before continue with summary chapter 5 i will answer few question from my lecturer. I choose on broad differentiation because easy to all of people know what is that means. It means strategy maintains a presence in both segments
of the market. Competitive advantage is gained by distinguishing
products with an excellent design, high awareness, and easy
accessibility. R&D competency is developed that keeps designs fresh
and exciting. Products keep pace with the market, offering improved
size and performance. Prices are above average. Capacity is expanded as
higher demand is generated.
In this week i were continue with the five generic competitive strategies. You know what is that???There are two factor that distinguish one strategies from another. First, market target or narrow and second competitive advantage pursued linked to low costs or product differentiation.
Okay,,lets we start with strategic. What??Strategic?? First of all what is strategies???? "Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations".
# A low cost strategy: striving to be the
overall low-cost provider of a product or service that appeals to a
broad range of customers.
# A broad differentiation strategy: seeking to
differentiate the company’s product offerings from rivals’ in ways that
will appeal to a broad range of buyers LIKE Whole Foods
(emphasis on health foods and organic groceries)].
# A best-cost provider strategy: giving customers
more value for the money by emphasizing both low cost and upscale
difference, the goal being to keep costs and prices lower than those of
other providers of comparable quality and features (a couple of examples
are the Honda and Toyota car companies with customer satisfaction
ratings that rival those of much more expensive cars).
# A focused, or market-niche, strategy based on lower cost: concentrating on a narrow buyer segment and out competing rivals on the basis of lower cost (The Gap is a good example).
# A focused, or market-niche, strategy based on differentiation: offering
niche members a product or service customized to their tastes and
requirements [examples are Rolls-Royce (sells limited number of
high-end, custom-built cars) and men's big and tall shops (sell
mainstream styles to a limited market with specific requirements)].
