what have i learned episode 5...

Assalamualaikum....

Recently, i had learned about corporate level strategies and this topic is continuous from previous blog which is business level and functional level. This level which is corporate is strategies that use by most of the company.

the picture above show the various level strategies and their connection with each other.  grand strategies also known as primary strategy.

next i want to explain a little bit about several term used in this level especially what are different between these strategies of level.

grand strategies
-growth:   year's growth rate is higher than the previous year.
-stable growth: next year's growth rate is the same as the previous year.
-turnaround: the growth rate is positive as compared to the previous year.
-combination: organization adopt a few strategies combining some of the three strategies mentioned above.

secondary level strategies
-expansion strategy: to increase activities so that the volume of the output is increase in terms of numbers, weights, size, branches, etc.
-integration strategy; to have more control of the production or services such as through of resources or the added value of down the line activities as in warehousing, wholesaling and retailing.
-backward integration: where there is a need to control the availability of resources.
-forward integration; control of the added value activities.

the tactical strategies
-joint venture: A+B to form C which is a joint venture with an agreed upon equity composition.


there are more term that i do not explain above and u can search on internet for more detail.

cheers:D   

ICEPS10 AWESOME!!!!!!

assalamualaikum...

last week, 13-16 November 2014, our faculty make a program which is iceps10. iceps10 is stand for Islamic Convention Entrepreneurship 10. this is traditional program that all senior fourth year of Faculty Economics and Muamalat, USIM, must make a program which is ICEPS every year. this program was very successful and get compliment from outsider and insider that have high position. all of us working very harder from morning to night four day in a row to make sure the program is handling smoothly. of course its quite tiring but we also enjoy with this program because of experience that will never been teach at class.

 

for more info: http://iceps10.usim.edu.my/

what have i learned in this week episode 4!!

assalamualaikum and good morning....

its been too long since my last update...in last a few weeks ago, i learn about functional level strategies which is consist of primary activities and support activities. actually this is continuous on previous blog which is business level strategy.

 

This is functional level strategy

based on the picture above, i would like to explain one by one what is the meaning of the term above.

primary activities

-inbound logistic: this is the activities that were conducted in order to produce an end product to the users.

-operations: this activity is needed to convert the inputs provided by inbound logistics into the final product form.

-outbound logistics: once the products have been manufactured, they need to be sent along the supply chain to target market.

-marketing and sales: this area focuses strongly upon marketing communications and promotional mix.

service: activities designed to enhance or maintain a product's value.

support activities

-procurement: the firm needs to ensure they would be able to obtain the good quality of inputs with the lowest prices.

-research and development: this activity is important because it will help the firm to reduce cost, to add value, and to sustain the firm competitive advantage.

-human resource management: employee is an important assets and an expensive resource to the firm so the firm must select, training and reward the employee to ensure the selected employees can fit into their job.

-firm infrastructure: through its infrastructure, the firm strives to identify resources and capabilities, and also to support their core competencies.

this is all u need to know about functional level strategies. and maybe my explanation is quite short so u also can search more on the internet to find out more about this.