Do You Know that Many Companies Still Don’t Know How to Compete in the Digital Age


Hi,

Today I would like you to sit and read this carefully. It is a review by Harvard about Many Companies Still Don’t Know How to Compete in the Digital Age.

Why it is interesting? Because the digital technologies underlying these competitive thrusts may not be new, but they are being used to new effect. Staggering amounts of information are accessible as never before—from proprietary big data to new public sources of open data. Ok, I do not want to drag you further.

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Read the Harvard Business Review here: Many Companies Still Don’t Know How to Compete in the Digital Age

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Petronas CEO Wan Zulkifli said about Efficiency


“This is a good window of opportunity for us to address all the inefficiencies that we have, within the organization and also the Malaysian oil and gas and industry.” Petronas will cut back some capex programs, he said, adding that it has already cut 23 per cent in operating expenditure. Wan Zul said his six-point strategy is as follows:

Cash generation. “What I mean by cash generation is our plants must be running tip-top, running all the time, we must sell our products at the best value we can get, so it has to be all across the value chain.”

Delivering on growth projects. “These include RAPID, floating LNG, more projects in Sabah and hopefully very soon the project in Canada. We need to deliver these projects well, no cost overruns and on time and with good health and safety levels.”

Striking down costs and simplification. “We are reviewing some of the processes that hit across the group.” These include HR, procurement and planning processes.

Investing in technology.

Talent management. “We are not cutting back on talent management spending, but I just want to be sure that the money is well spent and we spend in areas that we really need to spend. We are looking at how we can do this better.”

Improving work culture.“We are teaching the group starting with the senior staff on ways to improve our working culture.”

Wan Zul said oil and gas projects that have already been sanctioned will go ahead. But the company would also ask for rebidding for some of the packages in the RAPID project to reflect lower prices of raw materials. He said the cutback in Petronas capex would have an impact on service providers. “I think there has been retrenchment and downsizing within the service providers.”

“Today, if I look at the number of companies, I think the latest number is around 3,700 oil and gas service providers. But Norway has only about 700, which means many of our companies are small and the industry is very fragmented.

“We are encouraging consolidation. I know it is painful, but I think this is the way to go since by doing so the industry will be more efficient once we get over this challenging period.

Wan Zul said Petronas, with a 51,000-strong workforce, has no immediate plans to lay off its staff. He said some have been redeployed to RAPID.

He said Petronas would continue to hire new staff, but at a slower pace. “The hiring will continue, but maybe at a slower pace. We still need to bring in new people. We have not come to a point where we have to rightsize.”

Read More : http://www.nst.com.my/news/2015/10/steering-through-tough-times

 

Note: For your soul, get more efficient here, http://bit.ly/2pR0mtR

 

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Turn Your Hobby into Income


Hey guy! How are you today?

Today is a great day to talk about your hobby that will generate you income. Walla! Surprise? Not anymore my friends. Why? Many have done it and become successful. So why aren’t we do it also? Because I do not know how, because it is impossible, because I am not capable, because I do not know where to starts….and the excuses can go on and on, and on and on.

It is all in our mind. Many of us have hobbies, either to distress, cultivate personal creativity or both. Wouldn’t it be nice to up the ante and make money from your favourite pastime?

Fortunately, nowadays the internet has opened up myriad channels to reach customers, and many of these online portals are free or levy minimum rates. The best people to talk about your hobby are those who have done it. May I ask you a question? Are you a collector? Do you like to cook? Does you have any skills? Are you expert in something? If you are passionate about your area of interest, chances are, you have been actively practising or learning about it. Why not get paid to pass on that knowledge? There you go now you starts to see things huh! then pay me..ahaha..just kidding.

Ok now…What do Oprah Winfrey, Tiger Woods and the late Steve Jobs have in common? Besides their substantial net worth, they are known for making a name for themselves by “following the passion”. And what better way to do what you love than turning your hobby into full-fledged business?

Many people start their businesses from something they enjoy doing as a pastime, says Maresa Ng, a business coach at ActionCOACH, an international business and executive coaching firm. “Some people enjoy arranging flowers and decide to starts a florist shop. Others like cooking and go into catering, like Chef Wan. I love speaking and mentoring people. So I decided to coach business owners,” say Ng a former banker.

Warning guys! Here’s the bad news. When you transform your hobby into a business, it is no longer your hobby. Then you have to work hard as other business people are doing, put more effort, put more time into it, and actually the amount of money you make has a direct correlation with the amount of time invested.

Here are two critical questions to ask before taking the next step. Be honest. The answers can either push you into starting a business or keeping your hobby as pastime.

  • Are You Good Enough? While it is an important ingredient, passion alone is not enough to ensure success. Even if you are a good cook, running a business and cooking are two different things. You need to be passionate about being in business, and not just be passionate about what you are doing.
  • Can You Afford it? You have to have sufficient funds before you start the business like any other businesses.

So my next question is Are You Ready? Share your thoughts with me here.

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Bullish Oil and Gas market


Surely now we feel the heat. Swelling heat until we soak with our own perspiration when outdoors. Despite that heat, the market, especially in Oil and Gas is hot too. According to the Malaysian Oil and Gas Services Council (MOGSC), Malaysia’s oil and gas industry will remain competitive in the country being a major regional player with a bullish outlook. Interesting right!

The council’s president said Malaysia’s positive track record, underpinned by Petronas, had boosted confidence among regional market players in doing business with the country’s own participants.

bullish market

bullish market

“The current favorable environment, with better oil prices and continued government support, will also boost the prospects for the industry. The prospects are bullish for at least the next five years. Now is also the time for foreign companies, who intend to develop and grow their businesses over the long term, to come in and participate in Malaysia’s O&G industry,” he said.

Malaysia’s oil production will continue to be buoyant given the strong demand for oil in the region and on turning the country into the foremost oil & gas hub in Asia Pacific by 2017, MOGSC President said Malaysia had actually achieved the target.

“Malaysia is the only country to have put in so much effort to groom its oil & gas industry. If you look at other Asian countries, you can’t see this kind of scenario”.

Malaysia’s oil reserves are currently ranked the third largest in Asia Pacific, after China and India.  It is also a net exporter of oil & gas with nearly 40 per cent of the country’s total revenue derived from petroleum resources.

So guys this is the market sector, which offer so much benefit not only to the nation, but to more than 300,000 people who work in this sector. Just as the shale growth phenomenon takes off, the market faces a looming new reality that more than 10,000 baby boomers per day will begin retiring in the market alone. The same fate or worse affect other global markets. The good news is the demand for experience, skills and technology expertise among workers in the oil and gas industry means that many will be coaxed into working longer or auctioning off their expertise to refill their retirement accounts left shattered by the great global recession. The demand for replacement skills is expected to swell the ranks of engineering, technology developers, science, math and software training programs and universities to meet that need. But the bigger need will be welders, plumbers, electricians, skilled machinists and other crafts to install and operate the equipment and support the technology deployment around the world.

So what are you waiting for…Let’s jump into the market and get dirty with the oil and gas!

Have a good day.

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Proton into Electric Car


Dear readers,

New Year has come and how is your new resolution? As for me, as usual, will do the best to please the Creator and also plan the best for my family. Few years back in 2009 we have heard that Proton is talking or even dealing with Detroit Electric for EV car. Now in 2011, we only heard about hybrid car. So my question is is really Proton developing the full-pledged EV car. In the report by AFP, is said that Proton has said it will manufacture electric cars for eco-conscious markets in Europe and the United States, in a deal with Netherlands-based Detroit Electric. Also it said that Detroit Electric said that by 2012 it plans to sell more than 270,000 of the zero-emission electric vehicles in the US and Europe as well as China, priced from 23,000 to 33,000 dollars. Proton also said it was considering sell the vehicles based on its Persona and Gen.2 models in Malaysia and elsewhere in Southeast Asia.

Proton was formed 25 years ago as part of an ambitious national industrialization plan, but its market share has slumped in recent years as it floundered in a newly deregulated market.

Apart from Proton and Detroit Electric we also heard about Tan Chong Motor Holdings Bhd. It says that they will accelerate plans to introduce its version of electric cars to the local market, riding the technological advancement of its Japanese principal Nissan Motor Co Ltd as the race to bring fuel-efficient cars here hots up.

Guys, but the so-called-experts says that most industry observers agree that an electric car catering for the mass-market will not be viable in the near term, given the inadequate local infrastructure and after-sales service to support electric cars in Malaysia now.

So are we going to wait and wait for 2012 as they plan or we do it ourselves! Hahaha! It is no harm in trying and I would recommend you read this article here about how we could convert our own car to an electric car at our own backyard!

Hello Proton, hello Nissan and hello Detroit Electic….read it here now, http://roslihanip.linktrackr.com/electriccar

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