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..
