June 29, 2010

L&E 28 June

These two days I am reviewing our lecture online material, and try to structure my pma. I learned many things from the online materials, just like I am studying this module again. And I think, there may be two weak point in our previous inmoudule assignment.

First, I think ,maybe we thought too much about our business. I means, we should consider our competitors, what they would do and what would be their response after we deploy our strategy. I think, we should think about this and make some assumption to help us.

Second, maybe we thought too much about the tools. Hoshin Kanri , Balance score card. I suggest we should create a good internal envirnment. Because we know these tools , so do our competitors. Hoshin Kanri , Balance score card may not give us too much advantage. To defeat our competitors, we should consider more. :)

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  1. Hey Vic,

    To some extent I agree with you, but do not think that the heavy emphasis on focusing on the internal aspects of business allowed us to appreciate that a work force within any organisation is made up of a unique set of individuals. therefore looking to competitors is unable to provide significant benefit as following their actions is not aligned with the needs and satisfaction of our businesses staff. Instead central to success is the ability of the leader or senior management to influence the performance and direction of the employees. ‘Porter’s five forces model’ I think is a good model to consider the positioning of competitors to yourself. It is proposed that firstly we create an internal environment which is adaptable and clear to all levels of employees; thus forming the platform which is to allow us to compete effectively against the volatile changes in customer needs and competitor status quo.

    01 Jul 2010, 20:12

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