chapter 3 : Strategic Initiatives for Implementing Competitive Advantages

Don't stay behind, let move forward as now we are revising our 3rd chapter.

Chapter 3 is all about Strategic Initiatives for Implementing Competitive Advantage.

This chapter introduces high-profile strategic initiatives that organization can undertake to help it gain competitive advantages and business efficiency-supply chain management (SCM), customer relationship management (CRM), business process reengineering (BPR), and enterprise resource planning (ERP).

four basic components of supply chain management are:

• Supply Chain Strategy: A plan to manage all the resources need it by customers to supply their own products and services.
• Supply Chain Partners: The associates to the business, picked by the company to deliver their finish products and other tasks such as pricing, delivering, selling, and paying partnership.
• Supply Chain Operation: The way and time of production activities are conducted, from the packing to the testing, from productivity and quality of such.
• Supply Chain Logistics: The way the product is being deliver, the cars and carriers, invoicing the product and returns.

 

It manages everything that involves the customer's relationship with the company. The way this is conducted determines the loyalty of a customer and the profits they will maintain with them. It allows the organization to observe the customers behavior when buying from it. 

Business process re-engineering is a business management strategy, originally pioneered in the early 1990s, focusing on the analysis and design of workflows and processes within an organization. BPR aimed to help organizations fundamentally rethink how they do their work in order to dramatically improve customer service, cut operational costs, and become world-class competitors.BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes. Re-engineering emphasized a holistic focus on business objectives and how processes related to them, encouraging full-scale recreation of processes rather than iterative optimization of sub-processes.

Business process re-engineering is also known as business process redesign, business transformation, or business process change management

Enterprise resource planning (ERP) is business management software that allows an organization to use a system of integrated applications to manage the business. ERP software integrates all facets of an operation, including product planning, development, manufacturing processes, sales and marketing.

eg :

that all for today :)

thank you..

chapter 2: Identifying Competitive Advantage

hyee, assalamualaikum and a very good day to all of you :)  

last week we had discuss about business driven technology, so how about today ? a very simple topic to discuss for today which is IDENTIFYING COMPETITIVE ADVANTAGE. 

 In this chapter, we are going to cover a little bit about competitive advantage, Porter's Five Forces Model, Porter's Three Generic Strategies and relationship between business process and value chain.

what is COMPETITIVE ADVANTAGE ?

def :a product that an organization's customers place a greater value on than similar offerings from a competitor.

huh ??

it means an advantage that a company have which does not exist at other companies

eg: iPhone for an example have a very well-known brand due to its apps and the function itself make it as its competitive advantage compare to other hand phone's brand like Nokia and Motorola. However these competitive advantage is temporary because competitors keep duplicate the strategy. As what we can see most of the function of iPhone are likely as the function in normal android smart phone thus make it as not a competitive advantage for iPhone any more.

however a company usually keep coming out with new competitive advantage to maintain their brand and keep earning profit !

next !!!

Porter's 5 Forces Model

next !!

Porter's 3 Generic Strategies

in summary, the relationship between 5 forces model and 3 generic strategies are like this:

as simple as ABC right ?

last but not least is supply chain diagram.

that all from me for today.. trimass !

  

chapter 1 : Business Driven Technology

 

what is business ? what is information ? what is technology ? what is information technology (IT) ?  what is the relationship between people,  information technology (IT), and information?

 

there are a lots of question in our mind when we thought of IT in business. is it as though as business statistic ? or is it as easy as A B C ?  ermmm..

 

instead of  playing with our own mind, why dont we looked on the first chapter in this subject.

business driven technology



BUSINESS DRIVEN TECHNOLOGY

 

business driven technology is the title of the first chapter in this subject.

 

what is our first impression of reading about this chapter ?

hard? complicated? or Owhh NOOO !

 

ermm maybe its quite over because overall this chapter is a very simple chapter..

 

what is the role of information technology in business ???

• information technology is everywhere in business
• information technology plays a critical role in deploying such initiatives by facilitating communication and increase the business intelligence

information technology's impact on business operations

 

 

 

in the other hand there are also common department in an organisation as information technology department such as accounting, marketing, operating management, human resources, production management, finance, sales, and management information system.

 

last but not least, if you guys are too lazy to read all these stuff, you guys can click play on this video