Red oceans represent all the industries in existence today (the known market space). In the red oceans, industry boundaries are defined and accepted, and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded, prospects for profits and growth are reduced. Products become commodities or niche, and cutthroat competition turns the ocean bloody hence, the term red oceans
Saturday 7 December 2013
BLUE OCEAN STRATEGY
Blue oceans, in contrast, denote all the industries not in existence today such as the unknown market space, untainted by competition. In blue oceans, demand is created rather than fought over. There is ample opportunity for growth that is both profitable and rapid. In blue oceans, competition is irrelevant because the rules of the game are waiting to be set. Blue ocean is an analogy to describe the wider, deeper potential of market space that is not yet explored.
Red oceans represent all the industries in existence today (the known market space). In the red oceans, industry boundaries are defined and accepted, and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded, prospects for profits and growth are reduced. Products become commodities or niche, and cutthroat competition turns the ocean bloody hence, the term red oceans
Red oceans represent all the industries in existence today (the known market space). In the red oceans, industry boundaries are defined and accepted, and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded, prospects for profits and growth are reduced. Products become commodities or niche, and cutthroat competition turns the ocean bloody hence, the term red oceans
ORGANIZATIONAL APPROACH TO MAKE DECISION MAKING
organization has to make strategic and rational decisions.there are 2 ways how to make a decision making.the first way by using CENTRALIZATION decision making and second way by using DIS CENTRALIZATION way.
the CENTRALIZATION means the process of transferring the decision making authority to the top management of the organizational hierarchy such as head office or corporate center.
meanwhile, the dis centralization means the process of transferring decision making authority to the lower level of the organizational such as subsidiaries or department.
ONLINE FORUM: MOTIVATE AND REWARD TO EMPLOYEE
Dr. ummi ask us the question: What companies do to motivate and reward employees? Find one example of any organizations and describe the way that the organization motivate and reward its' employees.
My answer is Motivation is a behavior that can influence how employee do their jobs. the employee need to know they are valued, their efforts are noticed, and their good work is appreciated. Effective reward systems help an organization be more competitive and retain key employees. Reward systems also can enhance employee motivation and reinforce the image of an organization among key stakeholders or future employees.
I choose the Bank Rakyat as an example how they reward and motivate their employee. the way for Bank Rakyat to motivate and reward their employee by giving the bonus to their staff every year. As we know, Bank Rakyat always give their employee a big amount of bonus for example last year their employee get their bonus equal for 13 month salary and the company also bring their employee for trip to Beijing.
My answer is Motivation is a behavior that can influence how employee do their jobs. the employee need to know they are valued, their efforts are noticed, and their good work is appreciated. Effective reward systems help an organization be more competitive and retain key employees. Reward systems also can enhance employee motivation and reinforce the image of an organization among key stakeholders or future employees.
I choose the Bank Rakyat as an example how they reward and motivate their employee. the way for Bank Rakyat to motivate and reward their employee by giving the bonus to their staff every year. As we know, Bank Rakyat always give their employee a big amount of bonus for example last year their employee get their bonus equal for 13 month salary and the company also bring their employee for trip to Beijing.
early BIRD get WORM, the second MOUSE get CHEESE
in short, what can i say it "EARLY BIRD GET WORM" means Sometimes in life it’s smart to learn from the risks others take, and the mistakes they make. The dead mouse in the trap saw the cheese and went for it. Didn’t work. But the second mouse, though still cautious, was in the enviable position of reaping the reward with no risk.
ok..that all..thank you :)
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