Wednesday, 4 April 2012

COMPETITIVE ADVANTAGE


SWOT ANALYSIS

The SWOT analysis is the foundation for developing strategies and tactics that then become the road map for writing business operating plan.
SWOT is commonly used as part of strategic planning and looks at:
  • Internal strengths
  • Internal weaknesses or Limitation
  • Opportunities in the external environment
  • Threats in the external environment
So, first when we want to setting the objective, we should be done after the SWOT analysis has been performed. The first thing to do the SWOT analysis is identify about the Strength. Strength is characteristics of the business, or project team that give it an advantage over other. Second part of SWOT is weaknesses or limitation. Weaknesses or limitation look by characteristics that place the team at a disadvantage relative to other. Next, opportunities are external chances to improve performance (e.g. make greater profit) in the environment and the last part of the SWOT analysis considerable about the Threats. The Threats are external elements in the environment that could cause trouble for the business or project.

Besides that, The result of the SWOT analysis also can divided to positive and negative factors for management to address:

Positive factors
Negative factors
Internal factors
Strengths
Weaknesses
External factors
Opportunities
Threats

Overall, Strength and weaknesses we can relate with the present situation and opportunities and threats related to changes in the environment which will impact the business.


  




PESTLE ANALYSIS

PESTLE analysis stand for:
  •         POLITIC
  •     ECONOMIC 
  •     SOCIAL
  •     TECHNOLOGYCAL
  •       LEGAL 
  •      ENVIRONMENT

PESTLE Analysis is usually used to help organizations identify and understand the external environment in which they operate and how it will operate in the future. It is also are useful tool for understanding the ‘big picture’ of the environment in which an organization is operating. At the same time, it’s also could be as a guideline strategic of decision making. Specifically a PESTLE analysis is a useful tool for understanding risks associated with market (the need for a product or service) growth or decline, and as such the position, potential and direction for an individual business or organization.


Typical PESTEL factors to consider include:
Factor
Could include:
Political
e.g. EU enlargement, the euro, international trade, taxation policy
Economic
e.g. interest rates, exchange rates, national income, inflation, unemployment, Stock Market
Social
e.g. ageing population, attitudes to work, income distribution
Technological
e.g. innovation, new product development, rate of technological obsolescence
Environmental
e.g. global warming, environmental issues
Legal
e.g. competition law, health and safety, employment law








Introduction Session


My name is Fazeni binti Ghazalli. I was born in Ipoh , Perak on 08th September 1989. I’m 23 years old. I was born in a simple family which consist my father, mother, elder brother, 2 younger’s brother and younger sister. My Father name is Ghazalli bin Dahalan who work as a driver lorry and my mother name is Ramlah binti Ahmad and she as a housewives. My hobbies are travelling, reading and swimming. My favorite food is Laksa and Tom Yam. My Favorite drink is milo and apple juice.
During my primary school, I was study at S.K Pengkalan Pegoh, Ipoh (1996-2001). Then I further my study at S.M.K Lahat (2002-2006). After that, I’m take Form Six at Sekolah Menengah Kebangsaan Kampung Pasir Puteh. After STPM, I was selected to join Industrial and organizational Psychology Program under Faculty of Management and Human Resource Development at Universiti Teknologi Malaysia. At first, I do not know anything about Psychology Industry course but as I learn more and more about this subject, I’m beginning to get more interested in this field. Now, I can understand actually, Psychology Industry is most important thing in Organization to manage employee at the organization.
Talk about subject of Human Resource Information System (HRIS), this subject more focus on system. Actually, HRIS is systematic way of storing data and information for each individual employee to aid planning, decision making, and submitting of returns and reports to the external agencies. Besides that, this system able to supply data and submitting returns to government and other statutory agencies.