OKB Essay Example for Free

OKB Essay instruction Issues Chapter 1 (OKB) a) There was some mention about stakeholders in the problems, who are the stakeholders and what their stakes?1. Capital grocery stakeholders In this case, the capital market portion outholder of a firm is bank and shareholder. In this case the shareholder who gives OKB financial resources for OKB line of products. The stake of these shareholders is to ensure the OKB businesses continues their operation and locoweed meet the expectation on the capital they had given.2. Akar green light (supplier)Is a major supplier for OKB Bhd. They supply herbs and roots from the forest of Perak. Their stakes is whether they able to meet the penury of OKB to continue supply raw material.3. CustomerWe know that The Guardian approached OKB to supply its medicinal products to them. If that thing chance the sales would increase since consumer prefer phthisis OKB products4. EmployeeWe notice that the OKBs production process is carried out manually by the kampung folks. If OKB accept the offer from The guardian, the process will change to the machine since they will change it to mix of pills, capsules and liquid-compound forms. If this happen, they no longer push aside work for OKB in a manufacturing the products.5. GovernmentMinistry of health is a body who refer and monitor the quality and the safety of products. It is already mention about the latest markey surveys conducted by them, OKB is still the prototypical choice among consumers. It shown that the product is safe to be used.b) What do you think of the comment made by the prudence about OKBs Vision OKBs achievements? I think the old vision may not be suitable any more to face the changes of economy nowadays. This is because, OKB more relies in traditional approach and they should go down out with a new vision that promote abouts its products quality and attract customer. With a good vision, OKB can be more success and achieve their targets. They should change t heir vision not only based on customer need but also based on environment changes and also satisfied their employees. OKB Bhd can be more competitive to the real world and they can easily adapting the changes that have taken perplex on the industry.Learning Issue Chapter 2 Explain to Datin Timah about the importance of getting to know the immaterial environment. Discuss the possible impact of the DPEST G factors and the Competitive Forces (The 5 Forces) on her business.The DPEST G analysis divide the external environment into 6 divides which are demographic, political or legal, sociocultural, technological, global and environment segments. The first segment is political or legal segments. This segment focuses on plaque to aware of any changes. Management essentialiness aware of consumer tastes and bribeing agency. Any changes must be consider in the managements strategies as changes on political or legal segments affect direct or indirectly on the demands of the market. s ociocultural segment need to be considered by management.These refer to the consumers concerns regarding the market, as there were negative fascinates from the customer. Customer view the product should be revamping into modern pills and capsules rather than traditional packaging. They should be innovative in market their products and use the resources for best effectiveness and efficiently strategies. OKB Bhd can use technological advance thus creating competitive advantages of organization in the market. Advance in technologies can increasing the efficiency of productions and increase the value of product. Next is scotch segment.This refers to the nature and direction of the economy in which a firm get bys. This can help the management to earn decision what suitable time to production. Last segment is global segment. Datin should know the global environment where animate markets are changing and thus taking the opportunity to make OKB Bhd well known by expanding the business a nd making improvement and innovative improvement on their products that are different from other competitors.The five forces of challenger model are threat of new entrants, bargaining power of the supplier, bargaining power of the buyer, threat of the computer backup products and intensity of rivalry among competitors. The threat of new entrants is important factors to identify since it can threaten the market share of the existing competitors. In this case, OKB must have their own strategy, vision and mission in straddle to compete with new entrant by improving their products image, packaging and make some innovation in order to create competitive advantage. Next is threat of substitute products. In this case, OKB have another competitor that leave behind and sell same products for consumer such as Guardian.Therefore, OKB must make a study and research how to face this problems and attract their customer. Bargaining power of supplier is a situation when the supplier use to exp ert power over firms competing within industry. OKB major supplier is Akar Enterprise. In order to have enough resources and fulfill the demand, OKB should buy the resources from other supplier so that they are not facing problem such as inferior material and high price of resources charges by supplier.Next is bargaining power of the buyer. Buyer mostly more attract with product that offer a lower price and give them a higher pull ahead and satisfied their interest. OKB should improve their product in taste and product image and give a probable price in order to attract customer. Last forces is intensity of rivalry among competitors. The competitors always alert and take care about their competitor. This is because any changes by another company made can affect their business. So they must take a action in order to ensure customer will loyalty to them.