KURA-KURA TERSENGGUK!!!

motivate & rewards

In the name of ALLAH...

what companies do to motivate and reward employees?

-MOTIVATE

If the organization want to motivate the employees,they have to make them feel excited to come to work every day.Firstly,creating a friendly work environment,For example,try to make the environment look as friendly and appealing as possible.Automatically,the employee will be more excited to go to work every day.Secondly,use food incentive.Do not underestimate the power of having some food around the office.People will be much more excited to come to work if they know that there will be some food waiting for them.For example,keep a kitchen stocked with tea and coffee so your employees spend more time hanging around the office instead of hang out for coffee.

-REWARDS

Give a rewards to the employees for hard work.Build a system of rewards is an excellent way to motivate the employees.Whether set up a contest to see who can finish something faster on a certain day or make a competition to see who can generate the most revenue by the of the month.It will keep the employees more motivated to produce solid work,For example,give a small gift,treat them with lunch,doing their work for them and etc.Recognize the employee on an individual basis.If they have done something truly outstanding,the the employer should take the time to let them know.Try take the time to pull a specific person into the office or to write an email or a note along with that person check,to let him know that his work is truly outstanding.

I give an example of organization where are nearby with my house,Inokom Corporation.The way they give motivate and rewards for their worker are always provide a opportunity for their employees to share experience and knowledge to sustain the work.Besides that,the company have sent a team from each department to participate in any competition,for example Sustainability Day last year.This is the way to create opportunity for quality environment practitioners in sharing ideas,experiences and achievement towards improvement and seeking the best work culture to improve organizational performance and productivity.If the company gain a lot of revenue,the employee will be given an extra bonus.

That's all from me.many thanks(^_^)

Chapter 11 : Managing Internal Operations

ASSALAMUALAIKUM...

To implementing a new or different strategy,the managers need to identify the resource requirements of each new strategic initiative,consider whether the current pattern of resource allocation and the budgets.When a company alters its strategy,managers should review existing policies and operating procedures.Well conceived policies and procedures aid the task of strategy executing by:

•   Provide top down guidance about how certain things need to be done
•    Help enforce consistency in how strategy critical activities are performed
• Promote the creation of a work climate that facilitates good strategy execution

Benchmarking ,best practice adoption, business process re-engineering,total quality management,and six sigma programs are important process management tools for promoting better strategy execution.

Strategy supportive motivational practices and reward systems are powerful management tools for gaining employee commitment and focusing their attention on the strategy execution goals.

Positive motivational practices generally work better than negative ones but there is a place for both.Other than that,financial rewards provide high powered incentives,non monetary incentives are also important.

Chapter 10 : Building an organization capable of good strategy execution

Good strategy execution requires a team effort.All managers have strategy executing responsibility in their areas of authority and all employees are active participants in the strategy execution process.

There have 10 managerial tasks are part of every company effort to execute strategy:

1. staffing the organization with the right people
2. building the necessary organizational capabilities
3. creating a supportive organizational structure
4. allocating sufficient resources
5. instituting supportive policies and procedure
6. adopting processes for continuous improvement
7. installing system that enable proficient company operations
8. typing incentives to the achievement of desired target 
9. instilling the right corporate culture
10. exercising internal leadership to propel strategy execution forward

3 types of actions to building an organization capable of good strategy execution:

• staffing the organization
• acquiring,developing,and strengthening strategy supportive resources and capabilities
• structuring the organization and work effort 

managerially challenging exercise that can be approached in three ways:developing capabilities internally,acquiring capabilities through mergers and acquisition and accessing capabilities by collaborative partnership.

organizational structures can be classified into a limited number of standard types.The type that is most suitable for a given firm will depend on the firm size and complexity as well as its strategy.As firms grow and their needs for structure evolve,their structural form is likely to evolve from one type to another.This is the four basic types are the simple structure,functional structure,multidivisional structure and  matric structure.

simple structure

functional structure

multidivisional structure

matrix structure

Chapter 12 : Corporate Culture and Leadership

Corporate culture refers to the shared values, ingrained attitudes,core beliefs and compant traditions that determine norms of behavior,accepted work practices and styles of operating.

What I can conclude from this topic are:

      If i am one of the top managers,the values that i would like to inculcate to my organization are create a happier workplace and get employee involved through interaction.The employee should be encouraged to discuss,argue and participate in reviewing the work culture.Hearing employee opinions and interacting with them will make sure that they are remain committed to the purpose of sustaining the work culture.Such employee are more like to ensure that their colleagues to understand the importance of the issue.

     Secondly,i would like to emphasize the Islamic value in their self.Always remembered and motivate them that our work is one part of 'fardhu kifayah' and honest during do a work and InsyaAllah it will rewarded in hereafter.Even,we are busy doing work,always remembered each other for not forget to our main obligation as a Muslim.Besides that,emphasize Islamic ethics as a Muslim worker,such as good dressing,attitude and etc.Do not forget that in our organization,we also have an employee with a different race,so treat them fairly.

    Have a good relationship between employer and employee.As a top managers,we need to treat our employee like our family and no differentiation each other because we work under one roof.Everybody are same either employer and employee because our mission is to gain more profit and sustain the business.So,they are complementary each other to achieve the mission.The employer need employee to gain profit and the employee need an employer to pay their salary(everything are money)hehehe....

    Last but not least,provide rewards to them.It can be use for making work culture more be fun and passionate at work.The employee will do the best performance as the can to make sure they will be rewarded.Automatically,they will feel that their work has been appreciate.That's all from me..

Chapter 8 : Corporate Strategy

Salam…

Today I would like to explain  what I have learned in lecture for this week.In this chapter,we have learned about a corporate strategy.What is it?

Corporate strategy can be refer to related and unrelated business.The top management was responsible to do corporate level strategy .To entry into new business can take any of three forms either acquisition, internal startup or joint venture.

Related businesses :possess competitively valuable cross-business value chain and resource matchups.

Unrelated businesses : have dissimilar value chains and resource requirements,with no competitively important cross-business relationships at the value chain level.

There have 6 step process to analyze how good a company diversifications:

• Evaluate the long term attractiveness of the industries into which the firm has diversified.
• Evaluate the relative competitive strength of each of business units.
• Check for cross-business strategic fit
• Check whether the firm resources fit the resource requirements of its present business lineup
• Rank the performances prospects of the business from best to worst and determine what corporate parents priority should be allocating resources to its various businesses.
• Crafting new strategic moves to improve overall corporate performance.

wasalam...

Chapter 7: Strategies For Competing In International Markets

Salam....
In my opinion if we want to expand our companies,we need to brave to compete each other either in the local markets or international market.So,we need to plan a strategies to enter it. For this chapter i would like shares about what have i learned.

The reasons companies choose to compete in international markets are:

• To gain access to new customers
• To achieve lower costs through economies of scale,experience and increase purchasing power
• To further exploit its core competencies
• To gain access to resources and capabilities located in foreign markets
• To spread its business risk across a wider market base

 There have 5 strategic options for entering foreign market:

• Maintain a national (one country)production base and export goods to foreign markets
• License foreign firms to produce and distribute the company products abroad
• Employ a franchising strategy
• Establish a subsidiary in a foreign market
• Rely on strategic alliances or joint ventures with foreign companies

A company must choose among three alternative approaches for competiting internationally

1. A multidomestic strategy or think –local
2.  A global strategy
3.  A combination think –global,act –local approach 

that's all from me,tq