excellent organization is come from within

Assalamualaikum..morning everyone!

Last weekend was so enjoyable for me. Why?? Let’s story..:D.. last weekend was a graduation day for our senior that finished their studies last semester. So, I as a member of MyAgrosis USIM was assigned to sell flowers on that day at the CFest (convocation festival). We were 13 people in total for selling the flowers. On Saturday morning, we had a brief explanation about the flowers and their prices from the worker of the flowers’ supplier. She has a unique yet beautiful name; Nur Cahaya. We just called her sis cahaya. So, we began to sell the flowers. At first, there are just a few who came to our booth but then people started to fill the booth at noon. Luckily, we have enough members joined in and the sales of flowers run smoothly. Besides selling flowers, we also sell drinks and guava as an additional income. But, the weather turned bad passed the noon. The rain started to pour heavily and we have to save a few flowers that a little bit exposed and also teddy bears from getting wet. There was water logged and sloppy in our booth, thus we cannot escape from getting wet. Despite that, people still came into our booth and we also treat the customers with smiles. We finished our selling on that day at 6.30 p.m. At the night, my energy was depleted and I was ‘fainted’ after praying maghrib. Thanks to Nabihah for wake me up to pray Isya’. Tomorrow morning, we came to our booth at 8.00 a.m but we got a little chaotic because we were running out of ribbons for the flowers and customers already started to come. Luckily, one of the members, Sahidah knows how to make ribbon and we learned from her. I end up making ribbons for the day with Sahidah. At noon, the graduation event had already ended but there are still 46 bouquets of flowers that are not sold yet. So, we just ‘lelong’ the flowers to RM10 per bouquet and the flowers finally sold out..Alhamdulillah. This experience is so valuable to be keep in my memory and I hope to get experience like this again to enhance my entrepreneur skill.:-)

posing with wrapped bear

other 'flower sis (es?)' - from left; mazidah, kak sya, aishah and nada

On this week lecture, Miss Ummi bring along her niece. She was so adorable playing alone while waiting for her aunt patiently. J..okay, this week, we learned about building an organization capable of good strategy execution. Executing strategy entails figuring out the specific actions, and behaviours that are needed to get things done and deliver good results. It is basically gain command of what managers must do to execute strategy successfully. It is so important to hire, train, and retain the right people for the strategy execution process. It is because good quality workers will result a good quality organization. There are three approaches to building and strengthening capabilities; 1) internal development, 2) acquiring capabilities through mergers and 3) acquisitions and accessing capabilities via collaborative partnerships. I am interested for the third approach and already have someone in mind to collaborate with when I open my bakery in the future. Who?? I won’t tell..hehe.. For organizational structure, I will use a simple structure first in early of business set up. This is because I just have a limited workers and small size business as a beginner. When my business started to grow up and have many branches, I will use functional structure as I need functional lines like R&D, sales and marketing, logistics and others to ensure that my business will run smoothly and more organized. I hope that this dream will come true. In Sya Allah..

That’s all for today, Assalamualaikum and see you again..*wave hand*

corporate strategy; diversify or not???

Assalamualaikum..hye!!

Ah, I really postponed this blog for too long, I am so sorry Miss Ummi. Okay, let’s begin with my story first. There are a lots that I want to write..hehe.. let’s just pick one; Enactus team-building!!! *feeling excited*.. I joined this programme about 2 weeks ago which held in Port Dickson, Negeri Sembilan. Enactus, known before October 2012 as Students In Free Enterprise (SIFE), is an international non-profit organization that works with leaders in business and higher education to mobilize university students to make a difference in their communities while developing the skills to become socially responsible business leaders. *just copy this from wiki..:P*. So, in USIM enactus, we are assigned to conduct three projects and I had chosen the Bambusia project in which we have to plant bamboos and supply the sprout to our seniors who make the Bambusia product. For your information, Bambusia product (powder) had won a prestige award in British Invention Show, London. *feeling proud*. I think that’s enough for the Bambusia’s background.

Actually I want to talk about our team-building. It held for two days where the first day we had a briefing, discussion and presentation about our project. It was a long and tiring day, you know, you have to brainstorming and such until midnight..(but not reached 12 am actually..hee). Meanwhile for second day; outdoor activities!! It was so fun and exciting. At the morning, we were rafting. It was my first time experiencing rafting, and we had to build our raft by ourselves. My hand was hurt when tying the rope but thankfully I didn’t get injured. It took us about twenty minutes to build the raft. After finished, we go rafting! Everyone in my team shouted ‘One! Two! One! Two!' when paddling. The highlight is my team was the FIRST in reaching the finishing point..hehe...*proud again*..after rafting, we had ‘Explorace’. There were five checkpoints and in every checkpoint, there are task assigned to us. I really like the task for the third checkpoint where we had to weave (anyam) ketupat palas. It was a new experience for me watching people makes the ketupat. J Although we were so tired, but it was enjoyable and I can see a good teamwork along the activities held.

Okay, now we get back to the real topic; Strategic Management. This week, we learned about corporate strategy. We learned on how business diversification can enhance shareholder values. Diversification is a corporate strategy to increase sales volume from new products and new markets. For example, Air Asia which previously only offered flight service, now also offered insurance, hotel and telephone service. Diversification into new industries is always merits strong consideration whenever a single-business company encounters diminishing market opportunities and stagnating sales in its principal business. This means, it is not a simple decision yet important to expand our business. There are three steps that must be passed to diversify into a new business; the industry attractiveness test, the cost-off-entry test, and the better-off test. We can enter new businesses by any of these three forms which are acquisition, internal startup, or joint ventures with other companies. If I am about to diversify my bakery shop in the future, I would like to use joint venture.. maybe with a beverage company. But I need to do a research first to consider all factors in diversification process. Miss Ummi had advised us to start business small and do not be greedy. I agreed with her. Start big does not mean we will surely get a big profit, right?

I think that’s all for new..feeling suuuper sleepy right now..nyte everyone!