2nd WEEK

"A lot of companies have chosen to downsize, and maybe that was the right thing for them. We chose a different path. Our belief was that if we kept putting great products in front of customers, they would continue to open their wallets."
-Steve Jobs-

This week, we have learnt something very important about entrepreneurship which is SELF-COMPETENCY ANALYSIS!



Steadfast:

• Overcome obstacles toward achieving objectives. 
• Undying effort to solve problems. 
• Strong-willed and determination from self-confidence, perseverance, vigilance and patience.

Information seeking:

• Ability to seek, use info & make decisions from feedback. 
• Using expert help. 
• Market research and evaluate them. 
• Networking for new information. 
• Evaluate all data before making decisions.

Focused on Quality Work: 

• Desire to create products/services of high quality. 
• Employ “benchmarking” to stay ahead of competitors or at least keeping abreast. 
• Maintain quality operations following ISO standards.

Commitment to Agreements: 

• Focused & full sacrifices on business. 
• Responsible to customers & Staff. 
• Customer satisfaction oriented. 
• Establish confidence of customer on the company. 
• Promise of quality, fast delivery, acceptable pricing & taking actions on complaints.

Efficiency-focused: 

• Operations based on speed & low cost. 
• Using latest mgt techniques. 
• Innovative action based on cost & profits. 
• Technology, expertise, efficiency and latest information orientations.

Systematic Planning:

• All steps and stages planned and simplified. 
• Overcoming expected problems. 
• Evaluate & Making decisions based on alternative solutions. 
• Achievement of objectives via logical and systematic approaches.

Solving Problems:

• Seek & implement strategies to achieve objectives. 
• Solving problems innovatively.

Self-Confidence: 

• Confidence in ability and self-efficiency. 
• Gather & use knowledge & experience outside self-expertise. 
• Do not fear failure. 
• Follow change and progress.

Iron-willed:

• Able to face opposing forces on actions. 
• Exhibit firmness in getting debtors to repay loans, lazy employees to work and face uncertain business environment.

Instill Confidence in Others:

• Exhibit confidence in customers to trust products/services. 
• Able to instill confidence in bankers to provide loans and succeed in projects. 
• Expert in negotiations.

WONG SHY CHIEN KEE120058