Saturday, 18 October 2014

What I have learned this week : External Environmental Factors


“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time”

Today, I would like to continue another posting relate with Strategic management and Operation subject. For the past few weeks, we are learning about Strategic Planning Process: The External Environmental Analysis. An external environment factor is referring to the factors that are beyond the control of an organization. Which means, these factors are influenced the organizations in decision making process.  In external environment factors, it is divided into two categories which are general environment and industry environment. 

PESTEL is simple acronyms that are included in General environment factor.

P : Political factors

Employment laws and Consumer protection laws

E : Economic factors

Unemployment rates and Inflation rates

S : Socio-cultural factors

Demographic factors

T : Technological factors

Rate of technology transfer and Energy use and cost

E : Ecological factors

Global Warming and sustainable Economic Growth

L : Legal factors

Minimum wages and price control act

So, these 6 factors are taking into consideration when a company making a decision. While, the industry environment refers to the factors that directly affect the firm and its competitive responses. These factors have the ability to affect the firm’s probability.  Michael Porte’s 5 Forces Model is one of best known conceptual framework to assess the industry environment. These are the elements in Porter’s 5 Forces Model:

Bargaining power of Buyers

Buyer groups have the power because they are the main industry’s output. We have large buyers and they could switch to another product in anytime because they did not involve in any significant switching cost.

Bargaining power of Suppliers

A group of supplier also has their power. The suppliers’ goods are critical to the buyers’ marketplace success.

Threat of new Entrants

For your information, new entrants to an industry could raise the level of competition between the organizations.

Substitute Power

Substitute product can be a threat when the buyers group are price sensitive and customer do have a little brand loyalty. It also happens when the product itself is undifferentiated and customer can easily switch away from one supplier to another supplier.

Rival among Competitors

The competitions between companies cannot be avoided in the industry. If rivalry among the competitors is intense, companies may earn less profit. Intense situation may happen if the products offered by companies are undifferentiated and are viewed by customers as commodities.

It is not an easy task in building a successful company. We have to take many things into consideration. Obstacles are those frightful things you see when you take your eyes off your goals. The successful leader must plan his work and work his plan.

This is what I have learned in Strategic management and operations subject for week 3.

Thank you for reading and till then, wassalam.

currently I'm keeping an eye on one person, but I'm not a nutty as a fruitcake. saranghae.

Wednesday, 8 October 2014

What I have learned this week : Build the tallest tower

Assalamualaikum and have a good day everyone. 

For this semester, I am learning Strategic Management and operation subject. This subject is teaching us the elements of strategic management in organization as well as our daily life. For the first week, we are doing an interesting activity with Dr Ummi. Before the first class, I was a bit curious about her because from what I heard, she is really an interesting lecture. And yes,  I  do agreed with her previous students. Dr Ummi is really entertaining.

Our activity for the first lecture is to build the tallest tower. In 15 minutes, build a tallest tower than the other groups and you will win the game. Dr Ummi provided us with two packed of newspaper. We should use our creativity on how we should accomplish the mission. We form into nine groups.
Move quickly. That is our motto for that day, is it true?  hihi 

This is the photos that will help you to understand how our first week activity is proceeding. Dr Ummi evaluation and the other colleagues reaction is really make our first lesson happening. At the end of the lecture, we were given a task to describe what we have learnt from that activity. As for me, I would say the strategizing is the most important. This activity needs us to be clever. We need to think a solution to the problem we haven’t seen yet. 

But other than that, teamwork is also important. Because to accomplish things, it’s really needs a good teamwork to make things going smoothly.  I really like the quotes of “alone we can do so little, but together we can do so much”. Talent will win the games but teamwork and intelligence wins championships. Cewwahh gitu.  I really love about teamwork. I love the idea of everyone rallying together to help each other’s to win. 

The other criteria point for me is time management. People always complain about lack of time when the lack of direction and management is the real problem. Of course in our daily life, time management is so important. How often do we find ourselves saying “okay, hang on”, or “I’ll get it in a minute” or “its okay, tomorrows good enough” and every possible excuse come out from our lips. Please do compare it with how often you decide it’s got to be done.

 “If you spend too much time thinking about how to accomplish thing, you’ll never get a things done” – Bruce Lee

Congratulation to the winner and let’s have fun doing a learning activity together. Because this is our last semester being together, we should cherish every single thing with great memories to be keep and hoping that in future, we will miss each other a lot.
Desa jati 27092014 : 1239

currently I'm keeping an eye on one person, but I'm not a nutty as a fruitcake. saranghae.

Saturday, 27 September 2014

Be strong sayang. My favourite word.


Hello readers, long time no see. Alhamdulillah, Allah masih beri nikmat yang melimpah ruah untuk terus berbakti pada agama NYA.  Bersyukurlah. Dan tunjukkan lah rasa syukur itu dengan amal amal kita, semoga ianya dapat menjadi bekal di sana nanti. Insya Allah.

Hmmph. It’s been a long time. *lambai lambai tangan*

Alhamdulillah. If nothing goes wrong, this semester would be my last semester in USIM before we’re going to do an internship at the end of Jan next year. This semester will be a hectic semester for us. Final year student, final year project, ICEPS10, assignment and all the tasks, this semester is not going to be easy. Hiyyah semangat sikit lah ! But I never have been so busy as not to think of others. Kan.  Alamak siapa itu. Hihi well, instead of saying “I don’t have time” try saying “I’m having fun” if these phrase don’t sit well, that’s the point. Changing our language reminds us that time is a choice. If we don’t like how we’re spending an hour, we can choose differently. What I mean is, be happy with your hectic time and have fun with your work.  Bila kerja adalah satu amanah, do it well lady !

But for me, being busy is better than being bored. You can remember a thousand of silly things when you are alone and doesn’t have anything to do. I am sitting here, updating my blog, is my simplest explanation on being bored. *angkat dua jari*

So, how’s the first 3 weeks in new semester?

I need to settle a few things on the second week. So it’s have been a really depressing week for me. I smile outside but I crying inside. I miss my family more.  Alhamdulillah. Semua dah selesai. I need Allah and HIS BLESS after all. How I can be so strong when inside of me is the storm coming? Finish each day and be done with it. I have done what I could. I do mistake and I changes. I do not need another person to point me up. Life is what happens to you while you’re busy making other plan. Fighting yana !

Be strong sayang. sayang? yelah. kalau bukan kita yang sayang diri sendiri, siapa lagi yang sudi sayang kita sebanyak mana kita sayang diri kita kan. sayangilah diri anda okay. gitu hashtagnya.

This life is what you make it. No matter what, we’re going to mess up sometimes. Do I? hihi But the good part is you get to decide how you’re going to mess it up. Haha joking.

Oh right !  I have a task to update my blog for Strategic Management and Operation subject for the following weeks. So for the next posts, it may be a bit formal because Dr Ummi will evaluate my writing. But have fun and keep reading,  I love you, sayang korang semua. *eh tetibe*

Doakan saya kuat dan baik baik saja untuk semester terakhir ini. Terima kasih duhai strangers yang baik hati sekalian. Till then, wassalam and have a good rest.

currently I'm keeping an eye on one person, but I'm not a nutty as a fruitcake. saranghae.