Question Corporate Culture

Assalamualaikum 

First question: If you are one of the TOP managers, what kind values would like to inculcate in your organization? Why does it so?

I think I'm not the same with others because If I be top manager, the value that it was my priority to implement trustworthiness. In an organization there must be honesty of each individual so that there misappropriation and divisions within the company. Moreover, emphasized discipline and responsible in terms of work performed because when we are disciplined in carrying out its tasks, everything they do will continue to progress.

Second question: Could you find an example of any organizations that have a good corporate culture? Name one of them?

One organization that has a good corporate culture is AlBukhary Corporation Sdn Bhd owned by Tan Sri Syed Mokhtar Al-Bukhary. AlBukhary Corporation Sdn Bhd operates in banking, seaport, e-commerce, construction and engineering, book retail, sugar and palm oil plantations, and airport management sectors. AlBukhary Corporation Sdn Bhd have Islamic Investment System and donate a lot of money to the people such as contribute to the orphans, build the mosque and others. 

Chapter 11: Managing Internal Operation Action That Promote Good Strategy Execution

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This week I learn about Chapter 11: Managing Internal Operation Action That Promote Good Strategy Execution.

 

Every organization must have a policies and procedure to guide employees about how certain things must to be done. If have a top-down guidance, the process will be smooth and systematic.

Moreover, help enforce consistency in how strategy-critical activities are performed. There must be enforcement because have punishment and reward. For example, Automated Enforcement System (AES) for monitor the road users but if no enforcement when give the summons but people do not pay.

  

Furthermore, there are five tools to manage for continuous improvement which are benchmarking, best practice, total quality management (TQM), six sigma and process reengineering.

Benchmarking is the best guideline that the organization can follow. If the organization do something more than benchmark, it is good for the organization and there are perform better than benchmark whereas if do less than benchmark, the organization not perform.

Thank you Miss Ummi

Chapter 10: Building an Organization Capable Of Good Strategy Execution

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  All the organization should training their employees to make sure their knowledge is updated. There are many action for execute the strategy which are make sure that all the staff is a right person to execute all the strategy. After that, allocate sufficient resources to the strategy execution effort. If do a strategy but do not have the budget, it is not to implement this action because it is based on budgeting.

Another action is providing policies and procedure in the organization. If do not have a policies and procedures, how to do a systematic work? All the organization should have a policies and procedure to make sure their employees systematic and work will be run smoothly.

After that, the organization should give the reward such as “Excellent Service Awards” to an employee who is work hard. The reward will make an employee feel motivate and happy to do their work and give a better performance in their work. My dad was able to this award. One day I also want to get this award like scholars said “bapa borek anak rintik”.

study case of UMW HOLDINGS: SUSTAINING A CENTENNIAL CORPORATION

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This is the fourth and the last case study that given by Miss Ummi entitled "UMW HOLDINGS: SUSTAINING A CENTENNIAL CORPORATION? “.

According to the case, UMW holdings have four core businesses which are automotive assembly and distribution operative, automotive components and lubricant OEM and REM and oil and gas drilling services.

Moreover, the company have three types of automotive operations in Malaysia. Firstly, luxury cars segment which is BMW and Mercedes Bent. Secondly, joint-ventures with Honda and Toyota. Lastly, the types of automotive operations in Malaysia is value chain include R&D with Proton and Perodua.

Johor to have Friday, Saturday weekend rest days from Jan 1

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My second articles is about JOHOR. Johor's Sultan Ibrahim Ibni Almarhum Sultan Iskandar has declared the change of the state's rest days to Friday and Saturday instead of Saturday and Sunday from next year. The much-anticipated decision was announced during the investiture ceremony on Saturday in conjunction with his 55th birthday.

In his speech at the event held at Dewan Jubli Intan Sultan Ibrahim in the royal town, the Sultan said that the change of weekend would take effect from Jan 1, 2014. He said the decision to change the weekend holidays was made after receiving feedback from various quarters and to allow Muslims to perform their religious obligations on Friday in a more peaceful manner. 

Speculation has been rife about the change after a state government document was leaked on the Internet. Presently, states such as Kedah, Kelantan, and Terengganu have Friday and Saturday as their off days. Prior to 1994, Johor had Friday and Saturday as non-working days.

Johor Menteri Besar Datuk Seri Mohamad Khaled Nordin said he is confident that the switch of the state's rest days, from Saturday and Sunday to Friday and Saturday, effective next year, will not have huge effect on the state's economy.

This, he said, was because those having Sunday as their rest day could still make dealings with the state government as Sunday would be a normal working day for state government employees. "I don't think in this current rapid technological development, a switch in weekends will bring huge effect on the state's economy.

In my opinion, I think it is good because Friday is the head of the day. Muslim can rest sufficiently to hear khutbah and not sleep during khutbah at mosques. Moreover, it can take many content can be peeled and knowledge can be gained on Friday. Such Allah mention in Alquran, O you who believe, when the call to prayer on Friday, hasten to the remembrance of Allah and leave you’re trading. Which is better for you if ye only knew? (Surah Al-Jumuah: 9)

 

Chapter 8 : Corporate Strategy

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This week I learn about corporate strategy. Corporate strategy is one company diversifies more than one industry while business strategy is one company focus in one industry.  Basically, corporate level strategy means the management level will develop the strategy by top level manager. Synergy means is more than that not to make it strong, but it provide the best for the company.

  

 

All the diversification process will involve transaction cost. It is because Transaction costs are the costs of completing a business agreement or deal of some sort, over and above the price of the deal.

There aye two types to choosing the diversification path which are related business and unrelated businesses. Related business has competitively valuable cross-business value chain and resource matchups such as L’Oreal. L’Oreal has many product which is cosmetic, hair care and skin care. The entire product is about personal care. So, the L’Oreal is a one of the related business.

   

While, unrelated business is Have dissimilar value chains and resource requirements, with no competitively important cross-business relationships at the value chain level such as Tabung Haji. Tabung Haji started with services for pilgrims, then plantation, then marine and nowadays TH will produce food. So, all the industry is unrelated business.

Identifying cross-business strategic fits along the value chain have six types of potential cross business fits which are supply chain activities such as Dell. Dell produce computer. So, all supplier of Dell is component to make a computer but what Dell do is Dell expand product to LCD TV.

Another types are R&D and technology activities such as Unify. Unify have a technology for wifi and internet. Nowadays, Unify combine with cable TV that can access internet through TV. So, use technology to come out with a good product for customer. 

 Spinoff is a gain more profit because it is under own management such as UKM Holdings. It under UKM and the profit very high because more of the product is commercialization. USIM Tijarah have own shareholder and own management but it must improve to be a spinoff. However, if USIM Tijarah really wants to market our innovation in the future, Insha’Allah it can bid on other establishes university.

thank you miss ummi.. 

study case of PIPING HOT DOGS: A CASE OF A MALAYSIAN FRANCHISE

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Actually this is the third case study that given by Miss Ummi entitled " PIPING HOT DOGS: A CASE OF A MALAYSIAN FRANCHISE".

In this case, Rozita started a piping hot dog business without have any knowledge about business and no experience in a food industry but she and her husband try the best to do the business.  The company is known as Nineteen O One Sdn. Bhd (1901).

 The company has halal, super brand, have owned recipe and quality of the hotdog. All this will make company more strength even the owner do not have basic knowledge about business.  Moreover, the weakness of this company is challenge to hiring staff because all the staff does not want to work in international market. However, Nineteen O One Sdn.Bhd (1901) was established during a challenging period and has collaboration with master franchise corporation at Middle East.

sharing about Oshima Restaurant

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In this week there is no lecture but it replaced by a sharing moment with O Shima Restaurant and there is no tutorial session in this week too. The MC is Arep Malik and Zainul Akmal as the doa reciter, it was funny actually when I see that Zainul was very nervous when he recited the doa but I respect him because not all people can recite a doa in front of everyone.

The talk given by Madam Asnidar Hanim Yusuf which is an owner of O Shima Restaurant. She had a degree in engineering in Japan, Master in the same field but now she pursues her studies on PHD in USIM in other field which is business. It is because she not love engineering, she change it.. wow, look great!! How she handle the challenge to maintain as Halal Japanese food without have basic in business.

 The different view between O Shima Restaurant and the others Japanese food is about halal certification and they avoid the haramness in business. Even they hard to get the halal certificate and did not get yet but they not give up in order to get it and keep searching for the halal raw material and always motivate our self to move forward.

 

  

I want promote a bit of menu in this restaurant. O Shima Restaurant have a new menu starts from 11/12/2013 (Tuesday). Grilled Teriyaki Chicken Rice. Sample our delicious chicken rice with chicken grilled with homemade teriyaki sauce `our` very appetizing. This dish they sell at very affordable prices (the price of oil increases proofing and sugar). Only RM5 only. Hurry come and enjoy. 

This sharing session is very interesting and I got a lot of information about the real business. What I learn is do not do something for money, do ikhlas for Allah. Whatever we do it must be ikhlas for Allah and the money will come later. Moreover, everyone have their own fail but the most important thing is how you bounce back after the failure and must being positive all of the time..

 

 

Thanks to Madam Asnidar for the valuable inputs and too miss Ummi for this great moment. 

Chapter 7: Strategies For Competing In International Markets

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This week I learn about Strategies For Competing In International Markets.

Many of the reason why companies want to enter in international market or foreign market. One of the reasons is to gain access to new customer. If we choose to compete foreign market, the company can find and get new customer from any other country around the world. It can make the company become popular such as mcd.  

 

The other reason is to achieve lower costs through economic scale, experience and increased purchasing power because when produce large amount it can achieve lower costs. Moreover, the reason why companies want to enter in international market is 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, the effect of exchange rate shift that occur when the exchange rate falls, demand for goods will increases and when the exchange rate rises, demand for goods is decreases.

How to enter the international market?

1. Maintain a national (one-country) production base and export goods to foreign markets. License foreign firms to produce and distribute the firm’s products abroad. Give license other distributor who want to produce their product such as textile and Microsoft.  
2. Employ an overseas franchising strategy such as kfc
3. Establish a wholly-owned subsidiary by either acquiring a foreign company or through a “Greenfield” venture. Greenfield venture is do a newly project that particular country.
4. Rely on strategic alliances or joint ventures with foreign companies. 

Furthermore, this chapter also focuses on three strategic approaches which is multidomestic strategy, global strategy and transnational strategy. Multidomestic strategy is a think-local, act-local. Each of the country that company enter based on the particular company and any decision of management will decentralized to subsidiaries.

Besides that, global strategy is think-global, act-global. This strategy exist and same in every strategy but nowadays, it is difficult to do a same strategy especially if company want to enter a different market. Last but not least, think-global, act-local known as a transnational strategy. It incorporates elements of both multidomestic and global strategy.

Study Case of THE DIGITAL AGE: SHALL I TAG ALONG?

Assalamualaikum

 Actually this is the second case study that given by Miss Ummi entitled "THE DIGITAL AGE: SHALL I TAG ALONG? ".

 The first case study is about Robin Hood. From this case, Rahim didn't give up even though there are a lot of challenges and he keeps trying until him successful now.

 In tutorial class, Madam Huda teaches us how to “marry” the strength & weaknesses with the opportunity & threats. I also learn how to give “name” for the babies that was born. It’s interesting!

In my opinion, Tows Matrix is difficult if do in personal because it need more ideas to think. Madam Huda said if we want to need more ideas, we have to read a lot of thing such as newspaper or magazines. So, Madam Huda asks me and my classmates to give an idea for complete SWOT analysis and TOWS matrix.

Finally, we are done to ‘’marry’’ and give the ‘’name’’ of babies. 

 

  

 

  

Thanks to Miss Ummi and Madam Huda..=)

Chapter 6: Strengthening a Company's Competitive Position

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From this chapter, I learn about offensive and defensive strategic that take the best opportunity to attack rivals and turn it to the company's defense strategy.

When we want to make a strategy, we should know the strength in our company. We can use the strength to attack rival. For example, the rivals good in their product. So, we can attack the rivals in the areas where they are weakest.

Moreover, I also learn about blue-ocean strategy. Blue-ocean strategies totally inventing to a new market segment or new industry those others never do it. For example, Starbucks Coffee is the first company that started drink coffee with luxury. Now, they come out with idea of having coffee at a casual place.

 

 

 There is horizontal scope and vertical group in the business.  Horizontal scope means the range of product and services segments that firm serves within its focal market. Horizontal also in the same industry such as Maybank….

 

 

  While vertical scope is activities that make up industry entire value chain system from raw materials to end consumer. In other words, Vertical is different industry and will involve forward and backward strategy.

 Last but not least, SPAC is acronym for Special Purpose Acquisition Company. In other word, SPAC is a new company and list in Initial public Offering (IPO) to get investment from investor and make a business.