Corporate Culture Leadership Question

25/11/2013

WEEK 11

 Corporate Culture Leadership Question

1.         If you are one of the top managers what kind values would like inculcate in your organization?  Why does it so?

·         If I one of the top managers, I will inculcate Islamic values to get barakah from Allah s.w.t.  Islamic values here is amanah (honest), fatonah (intelligent)),  siddiq (right), tabligh (delivered).  As a top manager, I will make sure every employees will be honesty in their work and relationship with human, and the creators.  I will do a training and program for develop employees intelligent in all aspect of things.  For siddiq values, I will make sure everyone will tell the truth in every perspective.  Lastly tabligh, I will make sure everyone will sharing the knowledge that they have because without knowledge we are nothing.

2.        Could you find an example of any organization that have a good corporate culture?  Name of them.

·         Herba Penawar Al-Wahida (HPA) is one of a good corporate culture because it inculcates Islamic values in the organization.  Islamic values will give barakah for the business because without barakah we are nothing.  The top of managers HPA will make sure every employees have wudhuk before start the work and close aurat every time.  Beside, the managers will make sure also every employees read mathurat in the morning and evening.  The employees also need to do dhuha in every morning before start working.  As a conclusion, I think HPA Company is the best corporate culture because it cares relationship between human and ALLAH.

Generic Strategy questions

08/10/2013

-week 5-

Generic Strategy questions

v  BROAD COST LEADERSHIP- Airasia is the one example of broad cost leadership because Airsasia offered low-cost for airlines service compared to other airlines service. 

v  FOCUSED COST LEADERSHIP- Mydin is implementing focused cost leadership because the target market of Mydin is who want to buy in a bulk quantity at the lowest price.

v  BROAD DIFFERENTIATION- Toyota is under broad differentiation leadership because it offered high price at the unique level of product.  It makes people satisfied with the product at high cost.

v  FOCUSED DIFFERENTIATION- Bonia  is one of the example of focused differentiation because it offered products based on unique preferences in narrow market segmentation.

LOVELY CASES.. =)

5/12/13

Friday

Lovely Cases

I learned 4 study cases for Strategic Management for 14 weeks in this semester which is Robin Hood Case, Emerald Case, The Digital Age: Shall I Tag Along Case and UMW Holdings Case.  Every case has it owns unique background company.  I love every case because the case was helping me how to be a strong person in every situation.  These cases also make me fall in love in English cases and stories.  I learned how to do swot and tools method for every case.

Robin Hood case is about how Robin Hood tries arranging a good strategy to fight with Sheriff.  He was hiring Will Scarlett, Little John, Scarlock, and Much The Miller’s son to make sure his strategy will be execute.

Then, Emerald Case is about a young entrepreneur, Rozita is doing piping hot dog business.  She does not have any knowledge about business but she and her husband try to do the business.  The company is known as Nineteen O One Sdn.Bhd (1901).  Rozita never think to do business of selling sausages using pushcart will be successful.  After a few years, Nineteen O One Sdn.Bhd (1901)had been famous around Malaysia.

Next, The Digital Age: Shall I Tag Along Case is telling me how Rahim started his company, Ambang Mata Sdn. Bhd.  The business journey began when Rahim became distributor for Halal cosmetics manufacturer and Halal food manufacturers.  They sold canned food, ketchup and chili sauce throughout Malaysia.  After a few years, he found opportunity to start Ambang Mata Sdn.Bhd, publishing company which focused on pre-school exercise book.  He faced a lot or problem before his company being success.

Lastly, UMW cases is about UMW holding which conduct automotive assembly and distribution operative, automotive components ad lubricant OEM and REM and oil and gas (drilling business).  There are a lot of strategies that had been used by UMW Holding.

Topic 10

3/11/2013

Week 12

CHAPTER 10: BUILDING AN ORGANIZATION CAPABLE OF GOOD STRATEGY EXECUTION

The action agenda for executing strategy

1.        Staff the organization with the right people for executing the strategy- it means the company should hire the right and the capability person to make sure the strategy will be success.

2.      Build the organizational capabilities required for successful strategy execution-

3.      Establish a strategy supportive organizational structure

4.      Allocate sufficient resources to the execution effort- means the company should prepared all the important resources for the staff to execute the strategy

5.      Institute policies and procedures that facilitate strategy execution-  company need to do an easy or light policies for staff execute the strategy in smooth and easy condition

6.      Adopt best practices and business processes that drive continuous improvement

7.       Install information and operating systems that enable company personnel to carry out their strategic roles- means the organization should prepare all the information and good operating system for staff to execute the strategy

8.      Tie rewards and incentives directly to the achievement of strategic and financial targets- the company should give some reward for give spirit to the workers to do their work in good performance

9.      Instill a corporate culture that promotes good strategy execution

10.    Exercise strong leadership to propel strategy execution forward

Building an organization capable of good strategy execution: 3 key actions

v  STAFFING THE ORGANIZATION

o   The company should put together a strong management team to make sure the strategy will be success.  Its means every employees have different backgrounds, experiences, management styles so they should be put together in a one group.

o   The company needs to recruit and retain the talented employees to make sure the goals of company will be achieve.

v  ACQUIRING, DEVELOPING, STRENGTHENING KEY RESOURCES AND CAPABILITIES

o   The company should ask the top management to develop a set of resources and capabilities suited to the current strategy

o   Then, the employees need updating resources and capabilities as external conditions and the firm’s strategy chance

o   The employees should be training and retraining company personnel to maintain knowledge-based and skills-based capabilities

v  STRUCTURING THE ORGANIZATION AND WORK EFFORT

o   Instituting organizational arrangements that facilitate good strategy execution

o   Establishing lines of authority and reporting relationships

o   Deciding how much decision-making authority to delegate

Topic 9

3/11/2013
-week 12-
Ethics, Corporate Social Responsibility, Environmental Sustainability, And Strategy

What is Business Ethics?
-  Doing business in a good way like honest, responsibility, don't take bribery,punctual in time a so on.
-  In the book, business ethic means the application of general ethical principles to the actions and decisions      of businesses and the conduct of their personnel.


Where do ethical standards come from?
1- The school of ethical universalism holds that the most important conceptions of right and wrong are                universal and apply to members of all societies, all organizations and all businessperson.
2- The school of ethical relativism holds that differing religious, customs, norms, and behavioral  give rise to        multiple sets of standards concerning what is ethically right or wrong.

Example Of challenging ethical dilemmas :
1. The use of underage labor - Lately, many company used underage workers.  It will considered as taboo.       Some activist think that underage worker considered as unethical things.  Underage worker means                 company hired children under the age of 18 as full time worker.  More than 50 countries view children as       potential and necessary workers.  The company will pay the low wages and it will make profit if the               company hired underage workers.  It is considered as unethical because children need education starting       in the early age and they should be care by parents not care about work.

2.  The payment of bribes and kickbacks - In some area, the company will include also the bribes and                kickback for be successful business quickly.  In many Eastern Europe countries, it is usual to pay bribes        to government in order to get government contract, obtain a license or permit, or facilitate an                         administrative ruling.  In some developing  nations, it is difficult to move goods through customs without         paying off low-level officials.  In U.S, there is Foreign Corrupt Practices Act (FCPA) that will prohibited       from paying bribes in other to do business.


Why should  company strategies be ethical?
* because a strategy that is unethical is morally wrong and reflects badly on the character of the company personnel
* because an ethical strategy can be good business and serve the self-interest of shareholders
- companies that involve in unethical conduct will have difficulty in recruiting and retained talented workers, lost revenues, reputation of business will down, creditors will disappeared trustworthiness to the company and so on.  There are also penalties on unethical executives which is they will be 150 years in the prison.  So, every company and individual should prevent from doing unethical behavior in the life.

topic 7

29/10/2013

Week 8

Strategy For Competing in international markets

Why companies decide to enter the foreign market

-         - To get new market segmentation or new customer

-        -  To produce minimize the cost but maximize the profit

-        -  To spread business risk across a wider market base

-       -   To further exploit core competencies

-        -  To gain access to resources and capabilities located in foreign markets

The strategic options for entering and competing in international market

-         - Maintain a national production base and export the goods to foreign markets

-          -License foreign firms to produce and distribute the company’s product abroad

-          -Employ a franchising strategy

-          -Establish a subsidiary in a foreign market via acquisition or internal development

-          -Rely on a strategic alliances or joint ventures with foreign companies

Competing internationally: The three main strategic approach

1.      1.   Multidomestic (think local act local) strategy is one in which a company varies its product offering and competitive approach from country to country in an effort to be responsive to differing buyer preferences and market conditions.

2.  2.    Global strategy (think global act global) is one in which a company employs the same basic competitive approach in all countries where it operate, sells much the same products everywhere, strives to build global brands and coordinates its actions worldwide with strong headquarters control.

3.    3.  Transnational strategy (think global act local) is an approach that incorporates elements of both multidomestic and global strategies.

topic 6

22/10/2013

-week 7-

Chapter 6: Strengthening A Company’s Competitive Position

Blue Ocean

Some program or product that has never be done by other people or other company to gain more profit.  For example government does transformation programs through im4u program.  The other thing is fedex that create delivery in one night. Starbuck coffee is the first restaurant that started drinking coffee with luxury and comfortable space. 

Horizontal Merger and Acquisition

Merger is combining of two or more companies into a single corporate entity with the newly created company by using a new name of company.  But acquisition means purchase of one business or company by another company or other business entity.  Then, horizontal merger and acquisition defined as process of combining the operations of firms within the same product or service.  For example:

                                                                       

    

     

                                                                                                                       

Vertical Integration Strateged firm is one that participates in multiple segments or stages of an industry’s value chain system.  Vertical integration can be dividing into two parts which is forward integration and backward integration.  For example: