VALUE CHAIN

A business outfit in Mooloolaba - good ROI for 2010

Value chain is the sequential of primary and support activities of an enterprise performs where it turn into a value added outputs for its external customers. According to Michael E. Porter, it is a connected series of organizations, resources, and knowledge streams involved in the creation and delivery of value to end customers.

Value Chain in definition is different from ‘flow process’ which is more being defined as a method in visualizing and documenting the stages involved in performing a certain business procedure. It might take the form of flow charts showing the process steps by steps where the inputs to create a deliverable output. It might be product or services.

From the definition, we could see clearly the differences between Value Chain and Flow process. Analysis could be done on both of the said activities in improving a company business. However to induce profit maximization, value chain is more crucial to be evaluated and later action to be take in ensuring the corrective actions are taken.

Normally in the process of profit maximization or turning around company from losses to profit, value chain is being analyses right to the level of efficiency which involves cost such as man-hours.

For those students who have studied strategy would be much easier to understand the difference between these two. Hence they would the first mover in the organization to lead the company turnaround for profit maximization.

A few Malaysian Students at USC, Queensland

 If we learn strategy, value chain analysis would be in the section of internal analysis. Despite of short hours of learning value chain analysis in the subject of strategic or crafting and executing strategy, the importance of value chain has been known as one of the most important activities to be made for organization highest ROI (Return of Investment).

In my experience of undertaking the company turnaround activities, I have personally used the value chain activities as the core for profit maximization. I have even done research that proves the restructuring is a wrong and non-economic equitablity process to be taken by companies. There is no sure return and reduce even the ROI of the organization despite they might have profits after the restructuring. However the impacts of restructuring are more economic disastrous result to the people involved and even to the government locally and national level.

Assignment:

Select a small or medium size business outfit, analyse the business challenges faced by the organization and propose solution for its business challenges in ensuring its sustainability.

 

Important note:

You must insert in the appendix:

1. Copy or scanned business registration of the business

2. relevant picture of the business outfit

3. Some supporting documents used for your analysis e.g. financial statements.

4. Charts or table to be inserted

 

 

Note:

Word Counts:                3,000 -3,500 words

Font:                            Arial

Size of font:                  12

Spacing between lines:  1.5

Plagiarism work shall not be marked.

 

 

ETHICS AND US

 

In many of our days, we could see many human doctrines are just unethical or immoral. There are people walking along the streets, taking some sweets and the sweets cover are being drop intentionally on the road or floor. The smokers, smokes their cigarettes at the restaurant, later drop their cigarettes remains on the floor while stepping on it. All we know these actions are immoral since it is contributing to the place dirty for other peoples. They are being immoral because they do not care other people’s happiness and welfare as mentioned in Utilitarian.

Among the six points of Utilitarian; “when deciding for an action, consider the happiness and the unhappiness of others,” and even “action effect people to different degrees.”

There are many other actions that we thought we have practice a norm practice but actually immoral. Another example, two students, or three student just keep on talking while the lecturer is explaining infront, or having telling a lie for just being late to a meeting; is it moral? It is easily define by understanding the definition of Morality, “the social rule that govern and limit our conduct, what is wrong and what is right,” while ethics is defined as “the philosophical study of moral or morality or the theories of morality.” We need to remember that morality focuses on human welfare at the highest values and it might supersede the law.

Oslan use to say that; “a continuous practice may develop an attitude,” (Oslon and Zanna 1993). According to Solomon, “When a values being developed and becoming norms to a group of society it will become a culture,” (Solomon 1984).  The voice of the heart could intercept to determine whether the action of the students above is moral or immoral.

These are all small example. Despite of these there are many more practices that we have missed the morality value of it such as, a shopkeeper, keeping the weigh machine at faulty measurement, cooking or frying using the same cooking oil in a fast food restaurant which can cause cancer to customers or obesity, driving recklessly on the road which in return disturbing or violating other people’s happiness; actually we are just being immoral.

 

Assignment Question:

The Goverment introduces human capital, practices of morality values in business, ethics in societal relationships, consumerism and even focuses more on enviromental issues. Describe your understanding on thses issues and how does the interelations of those efforts shall work for the benefit of Malaysia toward 2020.

 

 

IMPORTANT NOTES:

Font Helvetica (size 12)

Spacing: 1.5

Words: 3000 excluding charts

Journal references: 5 in numbers (compulsary)

Book: 1 in number (compulsary)

Pliagarism work shall NOT be marked