CHAPTER 11: MANAGING INTERNAL OPERATION: ACTION THAT PROMOTE GOOD STRATEGY EXECUTION

In an organization, policies and procedure was applied to guide employees about how certain things must to be done.  Furthermore, this thing helps the employees to overcome any challenges, barriers or resistance that happen in the organization. Then, it is also help enforce reward or punishment among the employee who are doing well and efficient or unaware in their work.

In addition, it is important to manage policies and procedure for continuous improvement such as best practice, benchmarking and process reengineering. When one organization fully use the best practice in performing their work, it can move the organization forward and achieve efficient and effective of company activities or goals.

   

                                         THANK YOU MISS UMMI ;)

CHAPTER 10: BUILDING AN ORGANIZATION CAPABLE OF GOOD STRATEGY EXECUTION

Assalamualaikum,

For chapter 10 we learnt an organization must take an action to execute strategy to achieve their goals. There are many actions for executing strategy. First, provide policies and procedure in an organization for the purpose to easy the members in doing their works. Second, take a right person as a staff in an organization that can execute the strategy and improve company performance. As we know any organization must have a leader to organize and lead others in doing works to make sure the strategy is implemented well.

After that, to maintain achievement of company strategy, an organization also can give an incentive like day off and reward to the employees who are work hard to appreciate their works and it will make them to give a better performance in their works. Any action that can achieve strategy execution can be apply in an organization to develop or enhance organization goals and earn more profits. 

ONLINE FORUM

Bismillah.

Discuss how a corporate culture can assist in executing strategies in an organization..

If you are one of the top managers, what kind of values that you would like to inculcate in your organization? why does it so?

Whether written as a mission statement, spoken or merely understood, corporate culture describes and governs the ways a company's owners and employees think, feel and act. Your own business's culture may be based on beliefs spelled out in your mission statement. It could consist in part of a corporate symbol, like the rainbow-colored apple that symbolizes Apple Computer. Whatever shape it takes, your corporate culture plays a big role in determining how well your business will do.

If i be one of the top manager, I would like my organization follow the Islamic value that based on the lesson from Quran and Sunnah. It is because for me Islam is the way of life. Islam has teach every thing in our life based on al-quran and sunnah.I also will focused on  like unity,equilibrium, freewill,responsibility and benevolence because islamic rules is perfect. So, when all workers practice this islamic value, they will assist in the executing strategies. InshaaAllah everything will be good.

SHARING MOMENT : O-SHIMA JAPANESE RESTAURANT

Bismilllahirrahmanirrahim,

Assalamualaikum,today we have no lecture like usual because it has been replaced by the sharing session with the founder of Oshima Japanese Restaurant, Madam Asnidar Hanim Yusuf. Actually, madam Asnidar possessed bachelor of engineering from a university in Japan. she has the same taste with her husband. They really love to eat japanese food. Thats why they decided to open Japanese Food Restaurant. She told us that what is the thing that make her restaurant was totally different with others Japanese food is her restaurant is more concern about halal.

Actually, she has to face many challenges before she can be a successful entrepreneur in the industry. Some of the challenges are to get certificate from JAKIM, also to get suppliers for the food because this restaurants served Japanese food and dish and also problem from the aspect of capital. However, she has been able to manage to overcome this obstacles through the concept of " we trust to Allah ".Before ending the talk, she says " DO NOT ASK FOR MONEY. IKHLAS FOR ALLAH AND MONEY WILL COME ".

                                                    TQ :)

SEVENTH WEEK – STRATEGIC MANAGEMENT

Bismillahirrahmanirrahim,

Assalamualaikum , for this week, I have learnt about STRATEGIES FOR COMPETING IN INTERNATIONAL MARKETS. Miss Ummi explained to all of us about the primary reason companies choose to compete in international markets. One of the reason is to gain access to new customer. If we choose to compete internationally, the company can find and get new customer from any other country around the world. The other reason is to achieve lower costs through economic scale, experience and increased purchasing power, to further exploit its core competencies, to gain access to resources and capabilities located in foreign market and to spread its business risks across a wider market base.

Moreover, this chapter also focuses on strategy option for expanding beyond domestic boundaries and competing in the markets of either a few or a great many countries. In the process of exploring these options, miss Ummi introduced and briefly explained about such concepts as multidomestic, transnational, and global strategies, the porter diamond of national competitive advantage and profit sanctuaries.

And for tutorial class with madam Huda, we should  make the SWOT and TOWS analysis for the case study that has been given to us. We love to do this on ‘mahjong paper’ together with group,it’s interesting ;)

SIXTH WEEK – STRATEGIC MANAGEMENT

Bismillahirrahmanirrahim,
Assalamualaikum, this week lecture we learnt about STRENGTHENING A COMPANY’S COMPETITIVE POSITION: STRATEGIC MOVES, TIMING, AND SCOPE OF OPERATIONS.

BLUE-OCEAN STRATEGY

• offers growth in revenues and profits by discovering or inventing new industry segments that create altogether new demand.

- Because of first-mover advantages and disadvantages, competitive advantage can spring from when a move is made as well as from what move is made.

HORIZONTAL SCOPE

• the range of products and service segments that a firm serves within its focal market.

VERTICAL SCOPE

• 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, ranging from raw-material production to final sales and service activities.

VERTICALLY INTEGRATED FIRM

• one that performs value chain activities along more than one stage of an industry's value chain system.

BACKWARD INTEGRATION

• involves entry into activities previously performed by suppliers or other enterprises positioned along earlier stages of the industry value chain system.

FORWARD INTEGRATION

• involves entry into value chain system activities closer to the end user.

OUTSOURCING

• involves contracting out certain value chain activities to outside vendors. 

STRATEGIC ALLIANCE

• a formal agreement between two or more separate companies in which they agree to work cooperatively toward some common objective.

JOINT VENTURE

• a partnership involving the establishment of an independent corporate entity that the partners own and control jointly sharing in its revenues and expenses.

                                                    

                                                  TQ :)

FIFTH WEEK – STRATEGIC MANAGEMENT

Assalamualaikum,
This week we learned about evaluating company’s resources, capabilities, and competitiveness. After learned this topic I will be able discover how to access the company’s strength and weaknesses in light of market opportunities and external threats. I can also understand how comprehensive evaluation of a company’s competitive situation can assists managers in making critical decisions about their next strategic moves.  

We are starting our class with the short discussion about the airlines services provided in our country. As we know, Air Asia has been the famous low cost airlines nowadays. From the discussion, we could figure out that Air Asia is one of the best examples of the low-cost provider strategy. We already know that the services provide by that airlines company is focused on its objectives as to deliver people to the places they want and the company were not focusing on other aspects.

That is the way how they cut cost in their services as to offer low cost services to the customer. It shows that Air Asia is one of the examples of best cost leadership strategy. That’s all for this week.