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Showing posts from December, 2017

ONLINE FORUM - STRATEGIC MANAGEMENT FROM AN ISLAMIC PERSPECTIVE

After discussing the SM from an Islamic perspective, please share an example of how Rasullallah SAW or his Sahabah or the Khalifah practicing strategy during their time. Prophet Muhammad SAW Practicing Strategy In The Battles Using Swiftness Strategy. 🌹The swiftness and surprise strategy was frequently employed by Prophet Muhammad in his battles and campaigns. 🌹An example of this strategy is in Ghazwah Badr (Ramadhan, 2H), Muslims used difficult a route via mountains to reach Badar faster than their enemy and control the water (resources) and strategic location. While in Ghazwah Uhud (Syawwal, 3H), in order to gain time-based competitive advantage or swiftness, Muslims used difficult route via mountains to reach Uhud faster than their enemy and control the strategic location. Moreover, in Ghazwah Khaibar (Muharram, 7H), the Prophet and Muslims moved very fast towards Khaibar. Their enemies, the Khaibar Jews were taken by surprise and they screamed, "Muhammad is co...

ONLINE FORUM - BUSINESS STRATEGY

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http://says.com/my/news/new-local-cosmetics-store-sefarra-marred-by-controversy-accused-of-plagiarising-sephora After reading the above article, what do you think about local brands that clone international brands? In my opinion, the local entrepreneur that copying the global cosmetic store they may not have their own creativity and idea to make product. They like to take other’s idea to easier their job. They copying the store about 99.9% include style and design to gain popularity like the famous global cosmetic store and they sell fake products. So, we must respect the other entrepreneur and be professional. We must have our own idea and creativity to make product. Finally, as a businesswoman we must motivate ourselves to be a successful businesswoman.

CASE STUDY - FROM NEIGBOURHOOD COOKIES TO WORLDWIDE MARKET

I have learned a case study about malay  interpreneur, Puan Nabilah who is owned "Sedap Cookies" . A Full Stomach Makes One Happy That is Malay rhyme had influenced Puan Nabilah's belief that she could make people happy with her variety of homemade cookies. "Sedap Cookies" was a homemade-recipe cookies company which was first established in 1984 selling varieties of Malay and Nyonya delicacies. According to Puan Nabilah, all of her children were involved in the company management. Puan Nabilah's 1st son, Hazmir, who came from a medical background, devoted full commitment to his familyn business. The 2nd one, Hazlan was incharged for international market and franchising whereas the youngest so, Haris become the General Manager. Puan Nabilah experienced many obstacles and challenges before become a successful interpreneur. Then, her business become bigger and bigger and spread outside of Malaysia.  "When Your Food Tasted Good, People Will Becom...

CASE STUDY : ROBIN HOOD 1

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Robin Hood is the first case study that i have learned in this subject. It is also already discussed with my group members and in the class.   The Discussion Questions : 1. What strategic problem does Robin Hood have? increasing number of allies decrease in supply of food changing methods straying from vision -Problems within Robin Hood's strategy involved the ramifications of having an increased number of members in his band. At least first he mentions how membership in the key to his success yet the larger the more problems it causes. -The increase in members showed a direct correlation to lack of discipline and devation as well as it drowned their financial reserves because of the more fund they needed to buy regarding the sheriff and what the best method was to weaken him, either kill him or possibly accept barons offer. 2. What strategic can Robin Hood implement? -Robin Hood's strategy should focus on short term goals of helping...

EVIDENCE STRATEGIC PLANNING BASED ON QURAN, SIRAH AND BIBLE

QURAN & SIRAH  🌼 Prophet Daud was a superb strategic thinker who understood strategy even while still youth. He did not attack Goliath's strenghts but was inspired by Allah to attack his weakness. 🌼 Prophet Yusuf used strategy effectively. 🌼 In Surah Yusuf, he planned a scenario that would shame his brothers into repentance - placing a drinking cup in one of his brothers' sandlebag and accusing them of theft, he prompted them to admit their crime and deal with their past misdeed. 🌼 Prophet Nuh reacted in a proactive strategic manner building the ark before the flood, selecting pairs of animals, working collaboratively with the believers. 🌼 The migrants from Makkah to Madinah in September 622CE followed a route that was exactly the opposite of what his pursues had anticipated. 🌼 The treaty of Hudaibiyyah, turned out to be a clear victory for the Muslims and provide a much needed strategic, short-term respite. 🌼 Positioning the Muslim's army, draining the ...

STRATEGIC MANAGEMENT FROM ISLAMIC PERSPECTIVE

THE QURANIC PERSPECTIVE RELATED TO STRATEGIC MANAGEMENT THE PROBLEM THE SOLUTION SURAH Al-Takathur (Quran, 102) Al-Asr (Quran, 103) DESCRIPTION People are competing with one another to get their destination quickly. They hide embarrassing information from the boss and they play political games inside the organization. Their focus is on this life. Successful people cooperate with one another because they are all in the same car. To arrive safely at their destination, they need to say the truth (even to their bosses) and they need to be patient (even when they do not get that promotion). Their focus is on life after death. MENTAL MODEL Competition Cooperation MOTIVATION Extrinsic Intrinsic PERSPECTIVE The life The next life METAPHOR A good driver drives quickly A good driver drives safely COMPETITIVE ADVANTAGE FROM AN ISLAMIC PERS...

IMPLEMENTING THE STRATEGIES

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🌹 Successful implementation requires certain sequence of activities that need to be done to give this process a higher chance of success. 🌹 4 steps are proposed : Convert the strategy to strategic objective (Specific, Measurable, Achievable, Realistic and Targeted within a specific time or SMART) Build the strategic action plan (SAP) Develop the strategic annual action plan πŸŒΉπŸ‰πŸ‰πŸ‰πŸŠπŸ€πŸ€πŸ€πŸ€ Look at the soft components of strategic implementation. STRATEGY TO STRATEGIC OBJECTIVES 🐀 Converting the strategy to something measurable requires that it is turned into a strategic objective statement. For example : The chosen strategy : 'backward integration to control the raw material supply' The strategic objective : ' to establish at least two firms to handle the company's need for 80% of the raw material supply in three years time' STRATEGIC ACTION PLAN 🐀 The SAP is the document to be used as a reference for management purposes. 🐀 The ac...

GENERATING ALTERNATIVE STRATEGIES USING PORTFOLIO MODELS (BCG)

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🌻BCG matrix is a corporate planning tool which is used to portray firm's brand portfolio or strategic business unit (SBUs) on a quadrant along relative market share axis and speed of market growth axis. 🌻Growth-Share matrix is a business tool, which users relative market share and industry growth rate factors evaluate the potential of business brand portfolio and suggest further investment strategies. 🌻 Relative market share : One of the dimensions used to evaluate business portfolio is relative market share. Higher corporate's market share results in higher cash returns.  🌻 Market growth rate : Higher market growth rate means higher earnings and sometimes profits but it also consumes lots of cash, which is used as investment to stimulate further growth. 🌟   The Star: Rapid growth and expansion. ❓   The Question Mark: New Ventures Risky Few become stars, other divested.  πŸ„   The Cash Cow: Ability to fund the Q...

LECTURE 5 - THE CORPORATE LEVEL STRATEGY

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THERE ARE 3 LEVEL OF STRATEGIES: Corporate level strategies Business level strategies Functional level strategies. CORPORATE LEVEL STRATEGIES: πŸ˜„ For the benefit of the whole organization πŸ˜„ Top management level πŸ˜„ For the welfare of the whole corporation in terms of its future πŸ˜„ To bring it to a higher position overall in terms of the group's share value, profit of any performance measures. CORPORATE LEVEL STRATEGIES: I.   Grand Strategies πŸ’œ Growth : to ensure next year's growth rates higher than the previous year. πŸ’œ Stable growth : To target a growth rate similar to that as achieved in the previous year. πŸ’œ Turnaround : The growth rate is positive as compared to the previous year.   For example IBM, Holiday Inn, Malaysian Airline System and Proton. πŸ’œ Combination : For a big organization or a holding company, sometimes turnaround can be only done by the combination strategy where some of its components need to be dismantled or pruned o...