COMPETITIVE ADVANTAGE~COMPANY RESOURCES AND CAPABILITY~VALUE CHAIN

Hye friend~~long time no see right?haha..”feeling excited la”.For this entry, i would like to write and share about another topic that i have learned a last, last, last Tuesday (longnya).

The three best indicators of how well a company’s strategy is working are :

• Whether the company is achieving its stated financial and strategic objectives.
• Whether it’s financial performance is above the industry average.
• Whether it is gaining customers and increasing its market share.

For this entry i like to share about company internal (resources, capabilities and competitiveness) environment chapter. In this chapter. I’m like to touch on 3 main important point which are :

• Company resources and capability
• SWOT Analysis
• The value chain system.

A resources is a competitive asset that is owned or controlled by a firm. And what is capability ? a capability or competence is the capacity of a firm to perform and internal activity competently through deployment of a firm’s resources. Resources and capability is related and the both is playing an important roles to create a competitive advantages.A good resources strenght and competitive capacity a big competitive advantage for the firm to succeed in the marketplace.

Resources is divided into 2 types which is tangible and intangible. Some example for tangible resources is financial resources and for the intangible resources is human assets and intellectual capital and so on.

Strategic management principle is resources and capability analysis is a powerful or amaing tool for sizing up a company’s competitive assets and determining if they affordable to support a sustainable competitive advantage over market rivals. The VRIN tests for sustainable competitive advantage ask if a resources is V=Valuable, R=Rare, I=Inimitable, and N=Non-substitutable.

SWOT analysis involved more than making four lists. The two most important are drawing conclusions from the SWOT listings about the company's overall situation and translating these conclusion into strategic action to better match the company's strategy to its internal strengths and market opportunities to correct weaknesses, and to defend against external threats.

What is value chain?

A value chain is a string of companies or players working together to satisfy market demands for a particular product.

 

that's all 4 today..until meet again in my new entry..

ASSALAMUALAIKUM

1st TUTORIAL CLASS : RoBin HooD VS uLTRAman

I waited nervously for the race. The 800 metres event was never easy to run. RUN too fast at the beginning and I would not have enough strength left at the end. RUN  too slow at the beginning and I would not be able to catch up.

 ~SOsososooo..confuse!!!

uh oh..actually i don't want to share a story about ultraman but a young ROBIN HOOD. He is a highly skilled archer and swordsman .Robin Hood's good traits are easily seen throughout the story. The author did a good job of making his hero come across as a good person, who has often been misinterpreted because of things that he did as a young boy (BLOOD YOUNG la said). Showing the change Robin Hood has made since he was a little boy easily allows the reader to better understand how great he really is, and how he is helping not only himself, but all of the poorer community.

He has become known for "robbing from the rich and giving to the poor".

The people simply saw what he was saying, and believed that he was doing the right thing but the most thing he set on taking is their personal grudge to the sheriff. A lot of people of the land were suffering greatly from the Sheriffs corrupt rule. He was very money hungry and greedy, and the lower class community suffered greatly from his greediness. 

I learned something from the ROBIN HOOD story which is a "goals not legalize the way" (matlamat tidak menghalalkan cara) even thought that Robin Hood has a good intention to helps community but he used the wrong way to get it. The second thing is Robin Hood have their own people but because of inefficient administration and planning make their group misserable and agency conflict between them. Maybe it because they not learned subject strategic management and operation with Dr ummi la kot...hahaha..That's why went we have power use it in a good way and take it as our responsible to the right way and right person.
"" i'm proud with this young man ""

FROM: POORER WRITER~~

Week3 : Studying Smart in "PESTEL ANALYSIS"

"STUDYING SMART" is a phrase often used by students, parents and teachers to mean "studying in intelligent"

Macro environment is the major external and uncontrollable factors that influence  an organization's decision making and affect its performance and strategies. PESTEL ANALYSIS will be a good and effective tool to identify the key factors in the macro environment.

Dr Ummi asked us.what do you know about PESTEL ANALYSIS??

The common answer from their beloved student “WE NOT LEARNED YET” Sentence to save our LIFE...huhuhu

PESTEL ANALYSIS is the combination between this 6 items.

There are 3 PURPOSE of doing PESTEL analysis :

• Identify current external factor
• To exploit the changes
• Identify the external factor that may change in future.

We also learned and analyze 5 competitive forces that shape every industry, and helps determine and identifies an industry’s weaknesses and strengths.

  Currently PORTER’S MODEL can be applied to any field of the economy to search for profitability and attractiveness.

Bye~~till we meet again.
aSSAlamualaikum........