STRATEGIC INITIATIVES for IMPLEMENTING COMPETITIVE ADVANTAGES (CHAPTER 3)

lets moved on to Chapter 3 ..

CHAPTER THREE : STRATEGIC INITIATIVES FOR IMPLEMENTING 

    COMPETTITVE ADVANTAGES

SCM (SUPPLY CHAIN MANAGEMENT)

FOUR BASIC COMPONENTS of SUPPLY CHAIN which are :

• Supply Chain Strategy - strategy for managing all resources to meet customer 

• Supply Chain Partner - partners throughout the supple chain taht deliver finished products,raw                                         raw material and services.

• Supply Chain Operation - schedule for production activities.

• Supply Chain Logistic - product delivery process.

WALL-MART AND PROCTER & GAMBLE (P&G) SCM :

for example, Pantene product. Pantene has their own ingredients and labelling to make a shampoo.

THE EFFECTIVE AND EFFICIENT SCM SYSTEMS EFFECT ON PORTER'S FIVE FORCES :

CRM (CUSTOMER RELATIONSHIP MANAGEMENT) !!!

• CRM is not just technology, but a strategy, process and business goal that an organization must embrace on an enterprisewide level.
• CRM can enable an organization to identify types of customers, design individual customer marketing campaigns, treat each customer as an individual and understand customer buying behaviors.

BPR (BUSINESS PROCESS REENGINEERING) !!!

• A company can improve the way it travels the road by moving from foot to horse and then horse to car.
• BPR looks at taking a different path, such ad airplaine which ignore the road completely.

PROGRESSIVE INSURANCE MOBILE CLAIMS PROCESS :

ERP (ENTERPRISE RESOURCES PLANNING) !!!

• ERP intergrates all departments and functions throughout an organization into a single IT system so that eployees can make decisions by viewing enterprisewide information on all business operations.
• Keyword in ERP is "ENTERPRISE".

that's all from chapter three.Happy Reading :)

xoxo,

dakwatsblogspot

Identifying Competitive Advantages (Chapter 2)

hughh .. kelas kelas kelas kelass.. nilah kehidupan sebagai seorang pelajar. Ilmu , manusia tak dapat dipisahkan. yela menuntut ilmukan wajib bagi setiap orang. hari2 masa diluangkan dekat library je . hampir kecut jari-jemari sis dek aysik terkena udara aircond. so, entry kali ni post tutorial untuk chapter dua pulak. to students yang tercari2 tutorial chapter dua mgt300, kindly do visit, share and follow blog dakwats ok. hehe. so let's get moved on to Chapter 2 , bismillah ...

CHAPTER TWO : IDENTIFYING COMPETITIVE ADVANTAGES

To survive and thrive and organization must create a competitive advantage :

• Competitive Advantage - a product or service that an organization's customers place a greater value or towards your product and services on than similar offerings from a competitor (added value on product and services).To make it easier for you to understand, competitive advantage = surviving the market place

• First-mover Advantages (first people who started the advantage) - occurs when an organization can significantly impact its market share by being first to market with a competitive advantage. do you ever heard, Intel  is the first organization that use delievery  process their brands to the customer's house in the market or should i say, to the world.

Organization watch their competition through environmental scanning :

• Environmental scanning - the acquisition and analysis of event and trend in the environment external to an organization ,in a simple words is current trend prevailing in the industry, get it ?

Three common tools used in industry to analyze and develop competitive are Porter's Five Force Model, Porter's three generic strategies and Value chains.

PORTER'S FIVE FORCES MODEL : 

       

• Buyer Power 

Buyer power is low when they have few choices, and high when they've many choices. In order words, when they have many choices their power to purchase is high and when they are lack of choices, their power to purchase is low. For example, You, yourself as a buyer. If you've many choices, you will get to choose the products that is convenience and suits to yourself and maybe with a cheaper price compore to the other products.

a)     Loyalty Program

1. Rewards customers based on the amount of business they do with a particular organization.

b)    Switching Cost

1. Cost that can make customer refused to change or switch to another product or service.

• Supplier Power 

Supplier power is high when buyers have few choices of whom to buy and low when their choices are many. 

Business to business (B2B) marketplace - Internet-based service that brings together many buyers and sellers.

2 types of B2B :

1. Private exchange - buyers open its needs and open bidding to any supplier who would care to bid with a low price.
2. Reverse auction - increasing lower bids are solicited from organizations willing to supply the desired service or product at an increasingly lower price.

Thank You for spending your time reading my blog :) anyeongg

xoxo

dakwats.blogspot

Tutorial Information Technology (Chapter1)

lovelies, how was your day today ? i hope everyone are in pink. ppsst, nak tahu rahsia tak kenapa tiba2 sis active balik blog setelah berkurun lama deactive ? active balik sebab ni salah satu assignment sis for subject Information Technology Management (MGT300). huhhh *sigh* .. hangpa tau dak ni la first time assignment yang lain dari yang lain ,hmmm bagi sis la. selalunya assignment dari first semester sampai third semester asyik buat perkara sama ja ,quationaire, temu duga tu semua .tapi untuk subjek ni students MBM115 4A (business Insurance) semua kena pegang title blogger *hehe* sebab bila selesainya lecture setiap bab, setiap orang kena summarize apa yang depa dapat dari pnp tadi. so dari situlah lecturer dapat kesan samada students paham atau tak.

mulanya i'll be like  %*%@*(@ bila dapat tahu kena buat blog sebab mati kutu nak mengayat apa sebab mostly semua tak suka menaip, berkhayal. berkhayal disini bermaksud once kau dah start menaip bercerita dalam entry ni ,kau akan rasa seronok seolah kau bergosip, luahkan perasaan dengan laptop. haha 

whoops, pnjang sangat borak neh,let's go back to the real topic. First of all, a zillion thanks to my lecturer Madam NoorAzzura, alhamdulillah we have finished Chapter One.

Let's get started ...

Chapter One : Business Driven Technology

Why do we need to study Information Technology (IT) ??

- IT is everywhere in business. Understanding IT provides great insight to anyone learning about business. Especially we as generation y are mostly use the techonology. 

There are different meanings between Technology and Information Technoogy (IT). 

Technology is more to gadget meanwhile Information Technology is something that use the technology to manage and to process the information such as, the apps, android, software, ios and etc. 

IT give many benefits to the business function. It is crucial to know that all functional areas are interdependent. This will enable departments to more efficiently and effectively perform their business operation.

Business functions receiving the greatest benefits from Information Technology (IT) :

Information Technology Basic : 

Data : raw facts that cannot describe its meaning.

Information : data that converted into meaningful and useful info.

Business Intelligence : application that used to support decision  making.

IT Resources : people use IT to work with information

IT Culture : 

• Information Functional Culture is employees use the info of exercising influence or power over others.
• Information Sharing Culture is employees across dept. trust each other to share information.
• Information Inquiring Culture is employees across dept. search for info to better understand the future trend.
• Information Discovery Culture is employees across dept. open to new insight about crisis and radical changes ways to create competitive advantages.

 xoxo

dakwats.blogspot

it's fikah's day ...

                   

*tak malu sorang2 serbu bilik pengantin, laki dia terpaksa keluar bilik kejap..hehe maaf Hasri,sister2 ni curik bini hang kejap jaa, nanti malam amik la balik hee*

4/12/2015 is a big day for them and for us too actually.hehe First of all congrats for your new beginning Fikah and Hasri. Maybe orang cakap usia 19 tahun ni terlalu awal untuk berumah tangga tapi dah kalau 'tertulis' yang jodoh sampai awal, kita tak boleh nak tolak kan ?? .. hmmm aku aku ?? haha *sory mak ank mak bergurau saja* .. kitaorang sebagai kawan sekolah kau dulu even not a closed friend, happy sangat2. Semoga jodoh hangpa bedua kekal hingga ke anak cucu and may Allah shower His blessing to both of you. 

pssstttt // utk fikah,kalau dah "berisi" bagitahu, kalau buat majlis baby shower nanti calling2.sister2 ni semua tak sabaq.. hekhek

hey Puan Fikah, awak ingat hari awak ja, hari kitaorang jugak tau sebab majlis awak la yang dapat mengumpulkan balik geng2 "kaki kejar ayam" dulu. muncul gelaran "kaki kejar ayam" ni sebab dolu2 waktu sekolah menengah pantang dengar bunyi loceng semua berlari carik kantin sekolah. berebut "ayam famous" punya pasal pandai2 la hang curik2 lencong barisan orang. hehe .. oh my gucci, if i could turn back the time.. hmmm :// 

  

 xoxo

dakwats.blogspot