Week 11 - Last Entry

Assalamualaikum W.b.t

sorry for this long entry, keep reading my last post , thank you =)

Alhamdulillah we already enter into week 12^nd, and this post will be the last post as we must submitted individual assignment (blog) to miss ummi by 8^th December (tomorrow) . For our class last Wednesday, we had learn two chapter; 10 and 11. 

Before class started, Miss ummi was given a piece of paper. We had to answer the Myers-Briggs Type Indicator (MBTI) questionnaire.  The Myers-Briggs Type Indicator (MBTI) assessment is a psychometric questionnaire designed to measure psychological preferences in how people perceive the world and make decisions.  We had to choose the character that we think more accurately describes our self. And the result will exposes our  career that suitable for us.  

so that is the question asked for. For each row we need to choose either one that's describes us better. 

And my personality is INFPs..I really admit it ^^. It describes me closely. i'am the person who is :

   INTROVERSION   : prefer communicating in writing over talking, prefer 
                                working in quiet environment, 

   iNTUITION          : remember specifics when part of a pattern imaginative  
                                and creative, bored by routine and sequential tasks.  
                               (really true ^^)

   FEELING             : Actively look for qualities to praise in others. value and 
                               create harmonious environments. 

  PERCEIVING        : Enjoy starting projects but often never finish. energized by 
                              last minute pressures  =) 

Overall, INFPs are idealistic, curious and loyal, they seek to understand others, yet can be less accepting of those who threaten  their core value.

Next we continue our learning on Chapter 10 and 11. Chapter 10 discuss about "Building an organization capable of good strategy execution" . In conclusion, this chapter describes about what managers must do to execute strategy successfully. Why hiring, training and retaining the right people constitute a key component of the strategy execution process. Company must realize that, to promote successful strategy execution they must structuring the work effort.  

For chapter 11 - "Managing internal operations; action that promote good strategy execution". We learn how best practices and process management tools drive continuous improvement in the performance of value chain activities and promote superior strategy execution. Besides that, at the end of lecture we know why the use of well-designed incentives and rewards can be management's single most powerful tool for promoting adept strategy execution, such as corporate level strategies, generic strategies, and etc.

next we also must answer the online forum regarding rewards and motivation : 

The online forum

My answer =)

This week, there is no face to face tutorial is conducted. My group members and I decided to go to Mdm Huda's room and consulted her about our assignment, as it must be summit soon.  She gave us a brief explanation and assist what we should do.  It is our mistake that we start doing our assignment late. However, we will try our best in writing a good report for the assignment, and presentation as well =)

Last but not least, i guess thats all for my last entry. Alhamdulillah, I have managed to update my blog since week 1 for lecture and tutorial class. A big thanks for Miss Ummi and Mdm Huda, not forgetten my classmate that give their hand to accomplish this blog. I hope that my individual assignment meets the criteria of getting good score. Thanks for reading and I hope all of you have benefited from this blog, insyaAllah. :)

Jazakallah, syukran kathir.. n___n
 

Week 10 - Online Forum

Assalamualaikum

This week, there is no face-to-face lecture and tutorial. We were asked to read Chapter 9: Ethics, Corporate Social Responsibility, Environmental Sustainability, and Strategy by ourselves.

This chapter basically emphasises on business ethical codes that need to be implemented in an organisation. By studying this chapter, i learn how the standards of ethical behaviour in business are no different from the ethical standards and norms of the larger society and culture in which a company operates., besides that, gain my understanding of the costs of business ethics failures and learn the concept of corporate social responsibility and environmental sustainability  and how companies balance these duties with economic responsibilities.

On the other hand, for the tutorial lesson, we were required to answer an online forum. The question is,

 " Discuss how a corporate culture can assist in executing strategies in an organization. if you are one of the top managers, what kind od values that you would like to inculcate in your organization?"
 

My answer is: 

I think that corporate culture can assist in executing strategies in an organization  by develop a well matched culture to the requirement of the strategy execution. It will energize employees, deepen their commitment to execute the strategy and enhance worker productivity. Apart from that, Culture-induced peer pressure induces personnel to do things in a manner that aids good strategy execution. It is in management’s best interest to dedicate considerable effort to establishing a corporate culture that encourages behaviors and work practices conducive to good strategy execution.

If  i one of the top manager, the values that I would inculcate in my organization is Justice, responsibility  benevolence and unity, because that's are Islamic values that should be apply by all organization, and insyaAllah it will assist the executing strategies.

That's all for this week. Thank you =)

Week 9 - Corporate Strategy

Assalamualaikum.

 

I apologise for being late in updating this blog. It was supposed to be updated last week.  I was absent for the lecture class last week, because of some emergency problem. But i know my responsibilities as student to recover and study the topic by myself, therefore, from what i have read about last week lecture on Corporete Strategy,  i found that how a company to succeed better in their business. The goal  is to achieve synergy.  Entry into a new business can take any three forms: acquisition, internal startup or joint venture.  Apart from that, there are two fundamental approaches to diversification-into related businesses and into unrelated businesses.

In addition to that, i read about how to analyse how good a company's diversification strategy. There are six steps to analyse this. Firstly, evaluate the long term attractiveness of the industries into which the firm has diversified. Secondly, evaluate the relative competitive strength of each of the company's business units. Thirdly, check for cross-business strategic fit. Fourthly, check whether the firm's resources fit the resource requirements of its present business lineup. Fifth is ranking the performance prospects of the businesses from best to worst, and determine what the corporate parent's priority should be in allocating resources to its various businesses. Last but not least, crafting new strategic moves to improve overall corporate performance. 

During the tutorial lesson, we discussed about the Piping hotdogs case. We focused franchising and doing business internationally. Mdm Huda teach us how to implement Poter's Diamond of National Competitive Advantage  for this case.  As usual, we shares our ideas in the discussion. Mdm Huda also shared her knowledge and  experience, business strategy and so on.
 
All in all, we had a good discussion in the class..

Thats all, thank you

Week 8 - Sharing Session

Assalamualaikum

As what have been promised by Dr Ummi,  This week, we have an industrial sharing session from the owner of  O-SHIMA restaurant , madam Asnidar Hanim Yusuf. Madam Asnidar have shared her experiences in conducting Japanese food restaurant with his husband. Its quite interesting and enjoyable session. I got impressed by her passion and spirit.  From the session, we got many input and new knowledge from her.

Madam Asnidar Hanim

Madam Asnidar possessed  her degree and master  in engineering from a university in Japan, but pursuing her PHD in business at USIM.  She and her husband decide to start up a Japanese food restaurant as they are Japanese food lovers. They really love to eat japanese cuisine. They have many franchise and kiosk especially in Klang Valley.

  
Apart from that,  madam  Asnidar also shared about her failure in business, how she faced that failure when she forced to shut down a few of their restaurant because of some problems.  But she never give up and always think positive in whatever happen, and take a step to climb back.  

I will remember her advise,she said that, "we need to be positive all the time so that we can success in our life. Its normal to fail, but we need to bounce back." I really admire her. =)

          

In order to sustain the original Japanese taste on their cuisine, in the meantime use the halal raw materials, they proceed to make their own recipe.   O-SHIMA also have a problem at first to deal with JAKIM to get the Halal certification. But as a muslim entrepreneur, they will make sure that all the material use in making the Japanese dishes is halal and clean. Thats make this restaurant differ from the others Japanese restaurant.   

One of O-Shima restaurant

I really enjoy the class today as i got many knowledge in real business  field. i impressed by her. And insyaAllah i will become the successful entrepreneur too in the future..pray for me. =)

Thats all, thank you.