Conclusion (Closure)

Competitiveness   is   important   in   stimulating   the   industry   to   provide   better   merchandises   and   services   at   lower   costs   and   diversify   the   products   which   will   help   consumers   to   obtain   better   life   and   higher   satisfactions   besides   fighting   to   be   market   share   leaders   and   earning   more   profits.   Suitable   levels   of   competitiveness   are   crucial   and   beneficial   but   over-competitive   that   leading   to   unethical   strategies   may   corrupt   the   society   balances.   To   increase   profit   earnings   and   reduce   risks,   an   organization   should   be   creative   and   be   in   critical   thinking   all   the   time.   Even   so,   capable   man   powers   are   important   assets   for   organization   to   have   continual   developments.

          Recruiting   capable   and   suitable   employees   can   be   easy   and   difficult,   depending   on   the   ways   of   recruiting.   E-recruitment   has   been   widely   used   nowadays   as   it   is   cost   and   time   effective,   able   to   accept   larger   pool   of   applicants   if   compared   to   traditional   face-to-face   interviews   or   mailing.   Despite   all   of   the   conveniences   provided,   if   someday   the   system   goes   into   failure,   there   will   be   missing   information   that   might   be   unable   to   be   retrieved   or   overloaded   information   that   unable   to   screen   through   effectively.   Recruiting   is   a   crucial   process   in   an   organization,   besides   choosing   the   right   person,   developing   and   motivating   them   are   important   for   continual   improvement   of   the   organization   as   well.

          Therefore,   establishing   a   systematic   performance   management   system   is   as   important   as   choosing   the   right   person   in   the   work.   Performance   management   system   including   planning   for   target   to   be   achieved,   supervising   or   monitoring   progress,   then   reviewing   and   evaluating   result   and   lastly   is   rewarding   success.   Every   each   of   the   stages   is   important   for   motivating   the   employees   in   making   higher   achievement   target   from   time   to   time   to   ensure   continuous   development   of   organization.   A   successful   organization   needs   brilliant   and   willing   to   sacrifice’s   employees   to   encounter   with   competitions   around   the   world.      

Performance Management System (PMS)

       In organization, constant achieving missions and objectives are crucial for continual development and improvement in its effectiveness. Same goes to employees. Employees have to achieve target in order to be rewarded, recognized and compensated. This often undergoes a systematic performance management system, PMS. The purpose of designing and implementing a performance management system is to ensure performance happens by design and not by chance.

         A good performance management system able to communicate organisational goals and objectives, reinforce individual accountability for meeting those goals, track individual and organisational performance results from time to time for continuous development and planning. The stages of performance management system include planning, monitoring, developing, reviewing, and rewarding. Planning often engages with goal setting and target planning. Monitoring stage often done by supervisors in guiding or checking the progress of targets. Developing often deal with investment of tangible or intangible resources in making the targets to be achieved. Review has to do with appraisal and critical evaluation from the result of the development done. Lastly is the rewarding system whereby a positive performance will receive positive prizes, whereas negative performance or unachievable target will have to gone through negative reinforcement-stages. http://www.cnn1.co.za/performance_management_stages.htm

          In reviewing or appraising the performance of employees, there are several performance indicators related such as job role, toughness, job analysis and specifications, and so on. Evaluation results are not easy to be rewarded. For positive performances done, reward, recognitions and compensation will be given as a motivation increaser. Usually, the positive reinforcers are related payroll, compensation and benefits, reward and recruitment and staffing units. Anyway, human are operant learners, more benefits might make them work well next time.  

Recruitment and Staffing

Recruitment is a process whereby an organization trying to attract large pool of interested workers, screen their qualifications and select those suits the vacancies the most to work for them. Recruitment process is getting easier rather than using manual mailing method, introduction of e-recruitment has simplifies and provide more conveniences for work applicants. There are two main objectives of e-recruitment system, one is to help in choosing right person to fit the job offered, another one is to reduce the employee turnover rate.

          There are several benefits of using e-recruitment system. First of all, it reach a large pool of target. As application procedure has becoming easier, application rate become higher and easier to achieve people around the world that are interested in the job. It reduces time and cost effective for applicants in mailing and for screeners to screen and select qualified applicant through its system as proper system helps to retrieve information that are needed in a faster way.

Anyway, every system has their strength and weakness. As applicant rates increase, screeners would face information overload. High position level recruitment is still unsuitable to be done through e-recruiting sites as a face-to-face interview provides better screening effects.  E-recruitment system often built with limited to user access and requires authorities, therefore people are not from certain position are not allowed to know the details. Updating information can be tough work as well; dealing with missing information can trouble the whole management when system malfunctions.

          Well, to build a proper e-recruitment system, it is crucial for us to focus on the system’s professionalism, functionalism, user-friendliness and effectiveness of its sharing system. A professional e-recruitment site can provide more reliable sources of jobs, high functions recruitment sites are time and cost effective, user-friendly sites increase clicking and using rate and effective sharing system widen sources to be obtained or spread which fasten works. 

Using Information System for Gaining Competitive Advantage

          Strategic information system is any information that uses information technologies to gain a competitive advantage, reduce a competitive disadvantage or to meet other strategic enterprise objectives. In order to sustain long-term profit and to maintain or be leaders of market share, competitive forces have to be well-studied before planning any strategies. Competitive forces can be in terms of threats or assistance of success and all depend on how an organization perceives and to deal with them.

Commonly, there are 5 competitive forces, mainly rivalry of competitors within its industry, new entrants threat get into an industry and its market, substitute products that may capture market share, bargaining power of customers and last but not least, the bargaining power of suppliers. If using HSBC banking organization as example, the competitors are mostly Maybank or Public Bank in local as a threat for him to be banking leader.  It could be threats from other bank’s new plans or services, might also be lower cost or interest in loaning, this all might lead to an increase of perceived risks. Commonly, suppliers’ power is less likely to explain but customer almost has no bargaining power in banking industry. http://www.scribd.com/doc/35162025/29/Micro-Environment-of-HSBC

In order to deal with the competitive forces and reducing the risks faced, organization should have proper competitive strategies. Most common five competitive strategies include cost leadership, which can manipulate large finance oriented customers’ support by lowering product selling prices which help suppliers and customers to reduce costs. Differentiation strategy is more to creating unique product in market to trap unique and affordable customers. Innovation strategy is applied when rivals creating something great but not perfect, making customers a better feel to own the products.  Growth strategy means diversify products and its capacity whereas alliance strategy often applied to establish bigger power through merges or joint ventures. These strategy works well to encounter threats perceived and reduce risks.

Introduction About Myself

Of  course  once  you  read  my  blog  you  know  my  name  is  Sim  Kai  Loon.  I'm  21  years  old  and  just  registered  as  voter.  I  am  a  typical  Malaysian  that  knows  basic  2  languages,  English  and  Malay  Language,  as  a  Chinese,  Mandarin  is  basic  need,  Hokkien  and  Cantonese  are  dialects  that  I'm  proud  of.  Live  in  Hokkien  house  of  7,  dad  and  mom,  3  elder  and  1  younger  brother.  I  am  the  only  daughter. 

I  like  red  as  it  makes  me  feels  energetic  and  attentive  to  others,  blue  is  because  it  colds  my  head  and  calms  my  heart,  and  gold  is  elegant  and  powerful.  I  am  in  A-  blood  type  group,  a  bit  perfectionistic,  like  organized  and  well-planned  stuffs,  like  everything  is  under  control,  experimenting  on  others,  enjoy  thinking  about  nature  when  alone  and  sharing  my  thoughts  to  those  that  can  understand.  I  like  watching  American  and  Hong  Kong  dramas.  American  dramas  are  more  to  science  fictions  that  full  of  extra-terrestrials  and  higher  technologies  that  impressed  me  a  lot  whereas  Hong  Kong  dramas  play  more  on  humanities  which  makes  me  learn  a  lot  about  human  and  human  interactions  that  I  always  curious  and  miserable  about. 

I  admire  Tun  Dr.  Mahathir  which  he  left  a  great  leading  history  in  Malaysia’s  development  and  Albert  Einstein,  without  a  very  handsome  face  but  a  really  brilliant  mind.  I  wish  to  start  my  career  at  least  after  25,  if  possible  to  be  a  clinical  psychologist  which  has  been  my  ambition  for  4-5  years.  Anyway,  I  believe  in  the  Law  of  Attraction,  think  positive,  belief  in  it,  and  it  will  come  true.