VRIN----SWOT --&-- VALUE CHAIN------ Method for evaluate company...

 ASSALAMMUALAIKUM....

¡hola!!!hye dear friends....my celoteh today ia about a company strategy which is the way to make sure the strategy that plan a going well...so..the first and the foremost thing that should have is the business strategy itself and also the key functional of the strategy.By having this it will be the root of the company to run well. Other than that we must make sure what are the important resource and capabilities for firm competitive...Of course we must make sure the resource, capability also the competitive asset of the firm...and we can identify what must do and don’t for the company..

Another way to identifying the firm resource and capabilities by using the VRIN testing...for those who a not economic background must be weird when hear the VRIN testing right?? U all must thinking what is VRIN?? RING maybe??? For make it clear VRIN testing are framework that determine if a resource is a source of sustainable competitive advantage.. the word VRIN stand for.. 

V - Valuable (they must be  a source of greater value, in term of relative cost and benefit than similar resources in competing firm)

R - Rare (rareness implies that the resources must be rare in the sense that is relative to demands for its use.)

I  - Inimitable ( it is difficult to imitate)

N - Non-substitutable (other different types resource cannot be functional substitutes)..

That the explanation about VRIN testing for those who not familiar with the term..  Through this test we can know as much as the competitive power. Every company want to seize the market opportunity right???tools that we can use by using SWOT analysis because we know that SWOT is already a powerful tool for sizing up the company. Through SWOT we can identify the basis of strategy in the internal strengths, know the deficient capabilities in the internal weakness, do the strategic objective in the market opportunities and make the strategic defenses into the external treats..

By using this both tool VRIN testing and SWOT analysis we can managing the resources and capability dynamically. Even though we also must know the way to create the customer value and to create it we use the Value Chain tool...what is Value Chain???Food chain sure u all know right???

Value Chain are the tools that identifies the primary activities and related support activities that create the customer value..from the value chain the company and firm will know the way on how effectively and efficiently a firm to delivers value to its customer, relatives to its competitor..

By adding the Value Chain tool the method for evaluate the company will be complete and this a way for run the company in the right way.. until here first my celoteh hope u all can get a little bit information on how to evaluate the firm or company..till meet again ya!!  

Adius Amigos

ART..That not really the ART...

ASSALAMMUALAIKUM... 

¡hola!!!hye..hye..friends... i’m didn't want to say about strategic management just for a while but..i want to share with u people my ART drawing that i do last 2 days..hmmm .... ART???maybe can categorize as art although i know..my skill is so...so...bad...=p ...u all must be wonder how my art drawing look like right....ok..i will show u all..

Tadaaaa!!! 

 

How???nice right my drawing....^_^... the idea came suddenly ting!!! It appears to draw some art ...so...i just draw.. and draw it until i feel sleepy..because i can’t sleep at the first..and that are the result...i know..it look bad like a kindergarten drawing...hehehe..but..i’m satisfied with it.... 

Ok friends...only that i want to share with u all....art that not really like art... 

~Adeus Amigos~

Evaluate External Environment Organization...HOW????

Assalammualaikum..

¡hola friends!!!we meet again....i want to write about environment. Environment???hmm...what happen to our environment..is that too bad or too good...hmm??ok..what i want to say  is about the organization environment not the school environment...restaurant..or others... on how to evaluate it. On what i know based on my study we can use P.E.S.T.E.L. analysis. What is PESTEL??? It is some kind of food.??..of course lah not..ishhh...always thinking about food only...ok..back to the topic... 

P- POLITICAL

E- ECONOMIC

S- SOCIAL

T- TECHNOLOGICAL

E- ENVIRONMENT

L-LEGAL

PESTEL analysis is such a good combination on how to evaluate the organization. Through PESTEL analysis it also can be related with the SWOT analysis.. What it SWOT???.. 

S – Strength

W – Weaknesses

O – Opportunities

T – Treats 

By using SWOT analysis it can evaluate the PESTEL analysis in very deep or the step by step on how the environment  in certain organization weather it is in excellent level, moderate or bad level..   

Other than that, we can use Porter's 5 Forces..we use the Mr. Porter's analysis which include

1. RIVAL
2. BUYER
3. SUPPLIER
4. SUBSTITUTE PRODUCT 
5. NEW ENTRANTS

Through this 5 ways the organization will use it to boost up the company level environment by see it through every angle. This kind of important thing that all company must know if they want to success in their business. the environment is the important thing for be success.

 

Ok friends we stop here first..i will continue my celoteh with another topic later.....

~ Adeus Amigos~

Vision and Mission???Does People have It???

Assalammualaikum..

¡hola!!! OK my dear friends...i want to ask.....Hmmmmm.....what your vision and mission???hand up please..!!!!...who want to answer????hahahaa...ok..ask like there are people infornt of me... =) By the way let me explain what is vision and mission. What i understand Vision is what we want to become basically it short and precious and Mission are the answer to the vision the way on how to achieve the vision.
For example the vision want to be a successful businesswomen in food field and to achieve the vision we must have mission on how the way for being success in food field such as create unique food, tasty and easier to carry substitute of snack with affordable price which everyone can get and buy also create a good management and marketing to sold the product.
The most important is the target and the way how to achieve it. Since we have target and know the way insyaALLAH...everything will be going as a plan. So..same with our life we also must have vision and mission in life otherwise we will be usefulness person without any target and life will have lot of problem.. Find the vision and mission in our self on what we want to be and achieve...^_^

OK friends..until here first my celoteh.. 

~Adeus amigos...~  

Being an ENGINEER??

ASSALAMMUALAIKUM........

It is possible a corporate student being an engineer?? What can i say "yes!!" a corporate student can be an engineer maybe if they use the right strategic planning. Why i said like that...it because the 1st class activity need us to build the highest tower using a newspaper and use everything that have surround us. Each group were very excited and focus on how to built the building and become the highest building. Various style that can see when they think the way to make it.Ok...what the values that i can get through this activity were must be active in critical thinking. Must have good planning and teamwork also patient in what ever happen. The other thing is to make sure the building stability with the strong base. So..anyone can be an engineer :') as long as must have good planning and creative idea to create a new product..^_^  

~Adeus amigos....~

Start A New Challenge

Assalammualaikum.... 

Guess what i think right now?? I'm just thinking is this me??? ?_? Sitting alone in front the lappy and creating  a blog... that i never thought to do it.. hurmmm??...wake up fara!!wake up!! that is the truth!! Ok.. stop dreaming...hye..i'm fara a new beginner to become a blogger insyaALLAH..^_^ All this start from the new subject that i must take for this last semester a Strategic management and operation. As an individual assignment  we must create our own blog and give an opinion on based what were learned in the class every week.This is interesting also challenge myself to be creative thinking. Special thanks to Dr.Ummi Salwa for create this interesting assignment for us...and i will enjoy this new challenge..^_* 

~Adeus amigos....~