Professional Documents
Culture Documents
Management Science Report Part 1
Management Science Report Part 1
Management Science Report Part 1
MANAGEMENT SCIENCE
MGT60803
GROUP ASSIGNMENT
SEMESTER 3/ SECTION 4
Table of Content
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No. Content Page Number
Task 1
1.0 Company Background 4
2
2.1 Management Trainee Recruitment 33-34
2.1.1 Job Description of Management Trainee
2.1.2 Selection Criteria of Management Trainee
4.0 Reference 46
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Prior Wing Corporation is an advancing construction company which showcase a
strong reputation for its quality products and services, persistence in being on time and
having capabilities to be at a competitive and suitable price. The company was founded
in 2007 by a group of talented individuals who have a common passion and dream to
start-up a construction business. Trust, dedication, commitment and the drive for
success is the key factors that kept the company going.
Moreover, Prior Wing Corporation has achieved many awards along its journey.
One of it includes the Excellence Award which has given us the confidence and
inspiration to move further and sustain in the industry. We owe our success to our board
of directors, dedicated employees, reliable business associates, our customers and
everyone who believed in us. We are very proud of our company and our outstanding
employees who work hard to achieve our goal whether it is in short-term or long-term.
We will continue to maintain our standards while preserving our organizational culture in
order to make a difference in shaping our future.
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Vision Statement is a description or a picture of what an organization aspire to be in the
future. Likewise, it is also what they would like to achieve and accomplish in the mid-
term or long-term future. A Vision Statement is important as it serves as a clear guide
intended to help us choose the most suitable current and future courses of action while
assisting strategic planning and strategic decision-making for our organization to move
further in the industry. It may be applicable to an entire organization or even a single
division of that organization. Some criteria of a good Vision statement are short, simple,
clear, realistic, understandable and memorable. We should have good Vision Statements
as it provides a sense of direction which motivates and guide employees throughout
their journey in an organization.
Prior Wing Corporation has a strong desire to deliver quality products and services
towards our wonderful customers. We want customers to believe in us and believe in our
products for what it is. We would constantly improve ourselves for the sake of our
customers satisfaction. At the same time, we also want to construct something in a
shorter time while achieving maximum profit. We want to show that our companys
values and culture can shape the future, one building at a time, pursuing perfection. The
key to success is through trust, dedication and innovations.
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well as encourage them to find innovative ways to achieve organizational goals. Besides,
a Mission statement serves as a framework for making future strategic decisions. They
also provide strategic direction for employees and focuses directions on the
organizations basic charge. Mission statements differ from vision statements. A mission
statement remains unchanged and is what an organization aspires to be for its whole
existence while a vision statement is what an organization aspire to be in the future.
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Our mission statement
Core Values are fundamental beliefs of a person or organization. These values serve as
a foundation or guiding principles which direct our behaviours and action. It can guide a
company to make the right decisions, help us determine whether we stand on the right
path which guides us to achieve organizational goals, fulfilling our mission and purpose.
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1.3.1 Our Companys Core Values
There are a variety of values which range from being achievement-driven to leadership
to trust. Since there are so many values to choose from, no two companies will hold the
same core values, making every company unique and different from one another. Some
of our companys core values are Teamwork, Continuous improvement, Trust,
Innovations, Commitment and Dedication.
Team Work
Our company believes that our primary asset is our people. We promote teamwork
among our organizational members, knowing that collaborations or working in a team
can bring out the best results in them. This is because many brains thinking are always
going to be better than one brain, resulting in plenty of creative ideas instead of one.
Work together not only enhance the relationship between employees, but also build trust
and the togetherness, driving their passion to achieve organizational goals together. As
the head of the company, we could give opportunity and encourage them.
We feel that commitment is the key to success. We prefer to hire people who are more
committed towards their work. This is because even if they are less skilful, they can take
the extra mile to learn and train into the desired outcome. Besides, customers tend to
believe in people who are more committed and would pay more attention to them. Here,
at Prior Wing Corporation, we believe in a more genuine relationship, committing
personal attention to customers and treat them like friends than profit.
Continuous Improvement
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Trust
Trust is a key motto for our company. With the widespread of uncertainty and distrust in
the economy today, it is important that our company is built on trust. We want customers
to trust and believe in us for our worth and commitment to them. This would give us
much more confidence to move further.
Innovations
Innovations mean creating new ideas and methods. Our company promotes innovation.
We accept change and are continuously improving ourselves to become a better version
of us. For instance, we use Building Information Modelling (BIM) software to assist our
construction method. This is to obtain the best quality of products and obtain gain
customers trust in us.
Organizational goals are overall objectives, purpose and mission of an organization that
have been established by its management and communicated to its employees. It is
created in an attempt to achieve a desired state of profit and success. It is generally
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found in an organizations mission and vision statement, but its details are defined in the
business plan.
A short-term goal is something that you want to accomplish or achieve in the near future.
The near future can mean today, this week, this month, or even this year. It is important
to make short-term goals as it can help you think about what you can do at the moment
and help you manage your time. Completing short-term goals might lead to big
accomplishments if you work hard on it.
making.
vi. Provide high quality customer service to our clients.
vii. Constantly reflect and make improvements.
Mid-term goals are priorities that can be accomplished within two to five years. Some of
the mid-term goals are:
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1.4.3 Long term goals
A long-term goal is something you want to do further in the future. Long-term goals
require time and planning. They are not something you can do this week or even this
year. Long-term goals usually take more than 5 years to achieve or more to achieve.
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decided that Matrix structure was the best choice. A Matrix structure is a
combination of both Functional structure and Divisional structure.
Before constructing a Matrix structure, we had to first come up with our functional
structure. Our company has come up with six departments which each hold a different
function in the company. They include Project Department, Engineering Department,
Purchasing Department, Human Resource Department, Marketing Department and
Finance Department. These Departments are led by a general manager and Board of
directors. Although every department function differently due to their different
specialization, they all share a common organizational goal.
The Organizational Chart Below is our companys functional structure where each
department consist of organizational members that support and enhance the department
based on their specialization.
Board of Directors
General Manager
Auditor 12
Engineerin g Human Resource
Department
Project
Manager
Board of Directors
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Purchasing Purchasing Purchasing
Department
Department Department
An organizational structure defines how much group tasks are allocated, coordinated
and being supervised and how it is being directed towards the achievement of an
organization. From our research, we feel that Matrix structure is the best and the most
purpose, scale and function. Normally, in matrix structure, employees are required to
report their work not only to functional departments, but also to their respective project
managers while in functional structure, they will only have to report to their respective
functional department. We find that this makes matrix structure more reliable and
systematic.
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Matrix structure is a structure in which the reporting relationships are set-up as a
grid, or matrix, rather than in the traditional hierarchy. It often combines the functional
structure with a product based or division based structure. In our company, our matrix
structure consists of the functional team at the top of the hierarchy, and the project-
based structure below it. Our functional teams consist of several departments, led by the
Each functional team will control and supervise the working progress of their
members respectively. At the same time, it also acts as a supporting and advice team for
the project-based team. Employees in each project will be reporting their work to both
project managers and functional department managers. For example, when a problem is
found in a company, the project managers will seek advice from the superior project
managers. For more queries and information, they can also request for the support and
CEO
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Project Engineering Purchasing Human Finance Marketing
Manager B department resources department department
(Team B)
(Team B) (Team B) (Team B) (Team B)
Matrix structure
Since there is more than one project going on in our company, it is difficult for us to
manage the company with just one functional department. To cut down the department
work load and clarify the responsibilities of each member, the project-based structure is
the most efficient way. Each project managers will be in charge of their own project.
They are only eligible to obtain technical and monetary support from the functional
rather the traditional hierarchy. Information will flow seamlessly and both across and up
through the organization. Being in contact with many people will help employees in the
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decision making process. The resources can be used efficiently too as the
management team.
The engineer department is responsible for the planning of the construction project. This
includes conducting surveys, engaging in research, analysing results, planning the
construction and supporting all technical issues during the project.
Engineering Manager
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Recruit employees; assign, direct, and evaluate their work; and oversee the
Prepare budgets, bids, and contracts, and direct the negotiation of research
contracts.
Coordinate and direct projects, making detailed plans to accomplish goals and
Structural Manager
administering contracts
Civil Engineer
subcontractors
compiling job specs and supervising tendering procedures
resolving design and development problems
managing budgets and project resources
scheduling material and equipment purchases and deliveries
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Site Engineer
correctly
Supervising contracted staff
Ensuring projects meet agreed specifications, budgets or timescales
Project department is responsible for scheduling and managing for each project. The
project manager needs to decide the budget, assign employees and their duties to
complete the job, oversee the safety of workers. They need to make sure the
construction work can be well completed according to the contract.
Project Manager
Set objectives in line with your organisation or client needs, which may include
stakeholder organisations.
Monitor the work to make sure it is on time and within budget.
Co-ordinate the work of your project team and delegate tasks where appropriate.
Identify and manage risks to ensure delivery is on time.
Quantity Surveyor
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Manages all costs relating to building and civil engineering projects, from initial
Architect
technologists
adapting plans according to circumstances and resolving any problems that may
Purchasing departments main role is purchasing supplies and materials used in the
projects and company daily needs. They need to compare among different suppliers and
finding the items with correct prices and qualities.
Purchasing Manager
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1.6.4 Human Resources Department
The H&R department is responsible for staff recruitment and training, record keeping,
compensation and benefits, insurance, and employee relations.
HR Manager
Training Manager
Office Manager
Clerk
Filing
Projects such as gathering information by phone, letter, email or in person
Research for projects of your manager(s)
Recording and updating databases
Photocopying and scanning documents
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The financial department is responsible for management of the companys cash flow and
ensuring there are sufficient funds available to meet the day to day payments. They are
also responsible for overseeing the company's profitability, ensuring timely and accurate
financial reporting, and ensuring that the company builds and maintains effective internal
accounting controls. The accounting team member will be a certified public accountant.
Finance Director
Accountants
Auditor
The marketing department is responsible for market research, marketing strategy, sales,
advertising, promotion, pricing, product development, and public relations activities.
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Marketing Director
Sales team
After developed our company vision, mission and core value the top management
should come out with the long term objectives to provide a guideline for the employees.
Before creating a long term objective, the internal and external analysis has to be done
to understand the opportunity, threat, strength and weakness of the company.
For the external study, our surveying group have go into detail analysis for 4
different sectors which is economic trends, technology, political-legal environment. From
the study of New York Times, economical trends in construction industry is going slow at
the years of 2016 and is expected to continue till the end of 2017,this is because there is
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not many new projects is on-going and the uncertainty of RM currency and bad rumours
of Malaysias politic. Although it is not on a favourable trends, but upon the completion of
the mega project and infrastructure in the year of 2020 ,the market will turn better.
The invention of new technologies and system have boosted up the Malaysia
economy .The launching of EWTP (Electronic World Trade Platform) ,Malaysia trading
have move from information base to database , which means trading of investment
become more convenience which will likely to attract more investors from overseas to
invest in the property market. Apart from that, the many Building Information Modelling
software have been widely use in the construction industry. This software will cut down
the working load and assist in decision making of the project confessions.
Apart from studying the external factors, understanding internal values and
strengths is important as well. Our company provide customers with fast and high quality
construction method by using the standard modulation to create precast components,
precast method will allow us to perform the component and erected it on site. This will
definitely lower down the construction times and provide high quality building as all of the
parts and components is molded in a controlled environment. We also have a wide
network of customers and maintain good relationship with every each of them and this
will ensure the smooth relationship selling effect.
SWOT Analysis Table below will summarize both external and internal
analysis.
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STRENGTHS WEAKNESSES
OPPORTUNITIES THREATS
The SWOT table above clearly show about the strength and weakness of our company
.After several discussion , our top management team have decided to set our company 5
years long team objective as: To become grade 7 contractor (RM30million value) and turn
the be Malaysia leading contractor. After we develop our long term objective, it is time to
come out with alternative choice of strategy to archive it.
As our company provide with fast and high quality construction method, not every
customers willing to afford the price for our services, simply means that our company is
serving a niche market specific for those customers who wish to build building with high
durability and luxury. One of our strategies is to cooperate with company such as ECO
WORLD and Forest Height whose mainly focus on luxury building products such as 5 star
hotel, Semi D and bungalow. As what is shown above, one of the main weaknesses we have
is low branding power, this partnership is most probably going to solve this problem as those
developers are much more powerful and influence in the construction industry.
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Apart from cooperate and build partnership relationship with others company , we
can also raise our company branding by organizing public events such as charity drive ,
marathon and else .Throughout these events, the public will get know of our company better
and may turn into our potential buyers as well.
From the external analysis, we understand that, 2020 year will be a boosting year for
our Malaysia economy as well as for the construction industry. Our company is planning to
complete most of our on-going projects before the years of 2020 so that our properties can
be face in the market to meet the boosting market trends. To make this happen, we must
adopt and adapt Building Information Modelling software well to simplified the works and
shorter the construction time.
To archive the long term objective of our company which is To become grade 7 contractor
(RM30million value) and turn into Malaysias leading contractor. Implementation of strategy
is the most important stage.
We will form a special teams which in-charge of partnership development with others
companies. The team members should be expert in finance and legalistic to pitch with the
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others companies, and ensure our greatest goods. Once we have come to a duel, we will be
taking part in their construction projects.
Lastly, to ensure most of our project is completed by 2020, our company will need to
hire more experts of building information modelling and project management. With their
professional advice and monitors, it will not be an issue for our project to be completed in
time.
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fully aware of why the development team chose to act in a particular way or appreciate the
ideas behind some of the decisions. The project team may also be threatened by the
assessor and consider that external values or negative attitudes are being adopted.
In addition, internal evaluation is evaluation that is carried out by someone from the
actual project team. An evaluator has the advantage of understanding the thinking behind
the development, together with an appreciation of any problems that may have arisen, and
should also command the trust and cooperation of the other members of the team. On the
other hand, such an evaluator may find it difficult to make any criticisms of the work carried
out, and, because of their close involvement with the project, may be unable to suggest any
innovative solutions to such problems that are identified. Such an internal evaluator will know
only too well how the members of the group have struggled to produce their course,
curriculum or package, and may shrink from the thought of involving them in more work.
To perform the performance evaluations on our employees, we will have to follow the
process. There are five steps in the evaluation process which is develop an evaluation form,
identify performance measures, set guidelines for feedback, create disciplinary and
termination procedures and set an evaluation schedule. For the first step which is develop
an evaluation form, prepare a form that focus only on the essential job performance areas.
By doing this, it makes the assessment more meaningful and relevant and allows you and
the employee to address the issues that matter most. Furthermore, identify performance
measures which is step two is a Standard performance measures, which allow you to
evaluate an employees job performance objectively, can cut down on the amount of time
and stress involved in filling out the evaluation form.
The third step is setting guidelines for feedback. Feedback is what performance
evaluations are all about. Before we implement the performance evaluation system, we will
make sure that everyone who will be conducting evaluations knows what kind of feedback to
provide, how to give it, and how to get it from the employee in return. Create disciplinary and
termination procedures which is the next step is having well-defined, written disciplinary and
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termination procedures in the working place. For example, we could give verbal warning or
written warning which is warning letter and termination. Last step is setting an evaluation
schedule. After we gone through all the process above, we will start to decide when to
conduct the performance evaluations. Some practices do all employee evaluations at the
same time of year, while others conduct them within 30 days of each employees anniversary
of employment. We will ensure that each appraiser consistently meets the deadline.
Organizational culture gives a sense of common identity to all the employees in the
organization, it creates values and beliefs beyond their own personal aspirations. It also
provide a guidance to creates good working relationships as well as promoting ethical
communication and behaviours between employees. Hence, it is important to have our own
organizational culture as it may differentiate us to be special or better compare to other
company.
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sense of unity, making sure they have clear understanding of annual goal and willing to
make contribution to the each other. There is no perfect individual, only have the perfect
team. A success of a company can only be achieved with an excellent teamwork and
cooperation by a great team.
On the other hand, our employees will be trained to respect each other when they
are approved to enter our company. Hence, respecting employees is a broad commitment
that means respecting all people who come into contact with our organization. For us, our
employees are not just a pairs of hands but knowledge workers who accumulate the wisdom
of experience on the companys front lines. Therefore, everyone in our company or interact
with our company should be respected mutually. Respecting culture developed in our
organization is to create a working environment where employees can fully trust on company
as they feel themselves being respected and trusted with their talent. If they know how to
respect each other and work collaboratively, a better future achievement will not be just a
dream.
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