Week 2 KET 120006

On that particular day, I've learnt something that is very rare to me. The reality of the business world. The lecturer did exposed us to the situations that always and will be faced by the entrepreneurs out there. Well, problems always come and it might be an obstacle for some companies to develop. Thus, for any circumstances they have to defend themselves in order to make sure that their companies have a good reputations at the end of the day. Unfortunately, this matter sometimes can't be the right solution. We also have to take the consideration of tolerance in solving the problems before it became the unsolved problems.

What do i feel?

Nice! It was just nice. We are kind of in the 'The Apprentice' reality game show that time.
Everyone has to defend themselves from being guilty on that situation. It is really challenging.

Where and how I can apply it?

HAHAHA.. seriously I don't know how to specialized where and how to apply it  because everything need this values.


Please do think first before you act. No matter how you try to defend yourselves, if it is wrong, it is still be a wrong. So, fix it by admitting and do some changes! You can make a difference.

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

My first APK class (week 2) KEE120019

Well, it's already week 2! but yet it's just my first APK class as I had just decided to pick up this subject in the add and drop session. The lecturer entered the lecturer hall. God bless that he is quite humorous and at least we can be more relax in this lecture. As it's the first class of mine, I am still in a quite "blur" condition. 

So about what we had learnt this week. Interesting! It was all about SELF-COMPETENCY ANALYSIS to enable us to self-develop entrepreneurship abilities and exhibit attributes of entrepreneurship. This class is all about BUSINESS! :D

What are the entrepreneurial abilities that we should have?
First of all, initiative. Start a business willingly without being force by others. Search and grab every opportunities! To start a business is not so hard but it is not easy also. So, we should also be able to overcome all those obstacles that we face and put in effort to solve them. Strong-willed, determination, preserverance, vigilance and patience are the keys to solve all the problems we face. We must also remember that we must focus on QUALITY WORK. Always maintain quality operations following QSO standard. Next, no money, no business! Operation of business must be based no speed and low cost. Always up to date to latest information orientations. All problems must be solve inovatively. We must also be confident. DO NOT FEAR FAILURE. To be confident on our own product can also bring confident to our customers too. 

Use power strategies:
- Legitimate power
- Reward power
- Penalty power
- Expert power
- referent power

There also some reasons which lead to failure.
-Entrepreneur or workers who are undisciplined, unethical and irresponsible. 
- Business which is not well planned.
-Not serious in running a business.
-Unable to choose the correct strategy to be used in your business.
- Poor environmental scanning.

So, if I have all of these entrepreneur abilities, can I start a business now? Can't wait ><

LAM MIN ZEE (KEE120019)

Week 2

Week 2, I learned about self competency in business. There a few criteria you must have in yourselves to gain improvement.

1. Be initiative -> try to be in other people's position; Know that for any risk, there is opportunity, if there is none, create your own opportunity!
2. Steadfast -> keep on doing what you believe, that is perseverance; And be vigilance and patience
3. Info seeking -> ask help from the experts, then using the collected and evaluated data, use the knowledge, apply on your idea and realize it
4. Focusing on quality work -> promise & prove product (exp: following ISO standards & employ "bench-marking" to keep abreast)
5. Commitment to Agreement -> always consider customer satisfaction your priority, so that you can improve / upgrade quality
6. Efficiency focused -> Doing things the right way is efficient
7. Having Systematic planning -> for every activity PLANNING is to achieve an objective; STRATEGY is the approach to achieve objective
8. Solving a problem -> Solve Innovatively!
9. Self-confidence -> be confidence in your own ability & self efficiency; or you can always gather & use knowledge of others(exp: partners) fields which is out of self expertise
10. Iron-willed -> Ready to face uncertain business environment internally &  externally. (exp: external-economics,social, environmental; internal- human resource)
11. Instill confidence in others -> you gotta be expert in negotiations & able to persuade your customers 

HON CHIEW EE

KET 120009