Bismillahirrahmanirrahim..
Assalamualaikum w.b.t,
How are you today? Hope all of you always fine..:)
Let's say Alhamdulillah for everything that ALLAH gives to us. Okay, today i want to share with all of you about the new topic i have learned yesterday. But, for the new entry today is more special than before..why???heeee.. Because i want to make a combination between what i have learned in tutor class and in lecture hall. First of all, i will tell about what i have learned in tutor class on Monday. Last week, we got an assignment from our lecturer, Miss Ummi to create one restaurant that will managed by each group and also make an interview one of restaurant which is already existing around the area of Nilai. We must to fulfill our task based on the question has given by Miss.
After discussion, our group decide to choose Mama restaurants as a restaurant to be interviewed and for new restaurant that need to be created, we prefer to create a restaurant based on combination of Malay and Korean dishes. Why our group choose Mama Restaurants? It because the price for each dishes is reasonable, the location is strategic and the owner of that restaurant also talented of taking an opportunity in running their restaurant. Mama Restaurants not only has one branch, but has many branches in Nilai area such as in Jati Park, Acacia Avenue and Usim campus. The owner knows how want to take an opportunity to earn more profit . Is it right??? Then, for our new restaurant, we called it 'KOYU Restaurant', the meaning of KOYU is Korean + Melayu. Our restaurant has provided the menu based on Malay and Korean dishes. The popular menu in our restaurant is Koyu Set Delight, it consists of Rice, Kimchi, Grilled meat and also provide Sambal Belacan, Budu and Tempoyak, so that, customers can choose which one they want according to their taste. Interesting right??? If interesting, please come to our restaurant.. heee.. For your information, there are not easy to establish a restaurant, it because there have many factors must considered such as Reputation, Strategic Location, Price, Quality of product or service and another factors.
Koyu Set Delight
Briefly, on Tuesday in lecture session, i have learned new topic namely "Evaluating a Company's Resources, Capabilities, and Competitiveness" . The assignment that i told before, it related with this topic which it has explained more about how company's strategy working, understanding why a company's resources and capabilities are central to its strategic approach, how company evaluate their potential, how company's assess their SWOT, a company's value chain activities and lastly is evaluation of a company's competitive situation. Overall, this topic had touched about evaluating a company's ability in compete against competitor in market. Based on this topic, what can i conclude is when we have plan to run a business, the importantly we must to know is all internal and external factors that led to the development or collapse of a business. Through that factor, the owner able to know their strength, weakness, opportunity and threat which they must to consider for gain more profit as well as able to compete with another competitors.
SWOT analysis...
I think that's all from me for today. Thanks for spend your time to read this entry.
"Failing to plan is planning to fail."
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