Do you really understand business strategic management?

Addressing the issue above would be an abstract matter to those who might have not come to any school of studies in strategic management or crafting and executing strategy. Despite of these situations, everybody must have undergoes the process of strategic thinking and executing strategy thinking in their daily life.

In most people it is only a thinking process and does not requires any proper planning, studying and it is only a mind process matter. Unlike to those who went to business schools in any universities would be able to restructure, organize and place all the knowledge of strategic planning and strategic executions into a right flow or sequence. This capabilities of putting all this thinking and planning process with the addition of activities such as analysis shall contribute to an effective strategic planning and strategic execution. According to Thomson, “Business strategy comes in a flow of strategic process of which starts with setting goals, setting vision, selecting the best strategy, execution with monitoring, control and corrective action. It is not strategy alone but it is affiliated with finance, marketing, human resources and administrative part (Thomson, 2013).

To make it more effective the monitoring, control and evaluating the performance will definitely induce a high yield of effects. For that reason only those who read, learned, understand and exercise the strategic processes will only benefit from it.

Assignment Question:

What do you understand about business strategy flow process mentioned by Thomson? Explain each of the flow process and relate to you current organization. Do your organization practiced this flow process and if not provide a proposal.

Words count: 2500 – 3000 word
Language: English or Bahasa Malaysia
Spacing: 1.5
Font 12; Times new roman
Submission: week 5

Corporate Restructuring, a wrong concept by companies?

In many cases of re-arrangement of resources which involve human repositioning in companies or the arrangement of new organizational chart has been literally addresses as company restructuring. The key management usually at early of the year shall look at the position of the employees and rearrange their positions. Especially after a critical loss in the previous financial statements or a new CEO being appointed or even the changes of board directors especially involving the Chairman.

The terminology of restructuring above has actually being interpreted wrongly. Restructuring can actually take two form; renovative restructuring and redistributive restructuring.

Renovative restructuring mainly contributes to equitable economic growth of the firm, while redistributive restructuring benefits certain groups of people that is those who remains in the company and not being expel during the redistributive exercise.

Redistributive restructuring involves six forms mainly;
1. Divesture
2. Buy Outs
3. Outsourcing
4. Relocation
5. Downsizing
6. Bankruptcy

Despite the objectives of restructuring is to strengthen the company and working out to the best position in making the company back to acquire good cash for a new move, the norm of the practice always started with redistributive and followed by renovative. For such reason, restructuring has being debated and its found to be inclined towards a negative impact and non economic equitability.

Case Study ( assignment question):

You are required to select a small entity company, sole proprietor or even unregistered business. Analyse its current strategy. If the entity is not exercising any strategy, propose the right strategy for them.

(Bahasa Malaysia)
Anda dikehendaki memilih sebuah entiti kecil perniagaan, milik persendirian atau juga perniagaan yang belum didaftarkan. Buat analisa apakah strategi yang diguna pakai. Jika tiada cuba cadangkan, apakah strategy yang betul untuk mereka.

Note: You must insert the:

1. Documents of company registration (or)

2. Picture of you with the owner (or)

3. The entity (company's) Financial Statements (or)

4. Any documents or pictures that could be a proof of your work.

Font: Arial or Century Gothic or Calibry

Size: 12

Spacing between lines: 1.5
Word counts: 2,500 - 3,000 words.

Submission date: Week 5

Please be reminded that any CUT AND PASTE WORK from Internet or PLAGIARISM shall BE REJECTED.

For additional understanding to do the assignment above, you could also read the article in this blog: Analysing Company's strategy - Sunday, December 16, 2012.