Monday comes again (-_-)
It was another Monday tutorial class, we are having
discussion regarding the case study of “Piping Hot Dogs” The case is about the
1901 Hot Dog, a Malaysian franchise company. The story was amazed me on the
successful of Malaysian entrepreneur. The mission and vision of the company is
something that we could took and learn. There was nothing wrong to think big
and dream high. The thing that matters is how we work for it.
Then, we learn
about the “TOWS Analysis”, it is the elaboration from SWOT Analysis. It is an interesting
thing to learn as it shows clear objectives of the company’s background. It detailed
on the company’s strength, weakness, opportunities, and Threats.
From the TOWS analysis, we could formulate the
solution for the company to overcome its weakness. The analysis might as well assist
the company to improve their management of the organization. Other than that,
there is a blue ocean strategy that could be developed by a company that it unique
value differs from other company. The blue ocean is the solution that comes
from the combination of the weakness and threats information of a company. It was
such a helpful tool for a company to evaluate their performance.
Overall, the method use is variety that makes the
business management’s being more effective and productive. That's all for a fun Strategic Management's day of topic.. ^^
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