CRITICAL JOURNAL REVIEW

Courses : English For Business

Supporting Lecturer : Ivo Selvia

Created By:
1. Agnes Dona Sari Ginting (7173343001)
2. Agnes Sari Injilina Br Samosir (7173343002)
3. Dessy Purnama Dewi (7171143010)
4. Divan Sinurat (7173143008)
5. Esperanza Oktavia (7173143014)
6. Rodearni Turnip (7173143031)

Business Administration
Economics Of Faculty
State University Of Medan
2017
 JOURNAL IDENTITY

No Componen Main journals Comparative journal

t
1 Theme : The International Journal Of International journal of
Business and Management strategic management
2 Journal : Journal Of Business & Learning an opponent’s
Management strategy in cournot competition
3 Downloads File:///C:/Users/User/Downl File:///C:/Users/User/Downloa
: oad/bahasa%20inggris.pdf d/bahasa%20ingris.pdf

4 Vol and Vol 3 Issue 3 Vol 11 issue 1

Pages :
5 Year : 2015 2011
6 Writer : 1. Claudia Sofia Bento C.-Y. Cynthia lin
Teixeira Master’s Student,
ISCTE Business School,
Lisboa, Portugal
2. Leandro Luis Ferreira
Pereira Professor, ISCTE
Business School, Lisboa,
Portugal
7 Reviewer : 1. Agnes Dona Sari Ginting
(7173343001)
2. Agnes Sari Injilina Br Samosir
(7173343002)
3. Dessy Purnama Dewi
(7171143010)
4. Divan Sinurat
(7173143008)
5. Esperanza Oktavia
(7173143014)
6. Rodearni Turnip
(7173143031)
8 Date Of November 10, 2017
The
Study :

DISCUSSION
 9 Purpose :
10 Research Subject : Vision mission
manager
11 Research Methods : In order to validate
Pereira Diamond’s
conceptual model
effectiveness, several
companies across
different sectors
were asked to apply
the suggested model
over some of their
initiatives appraisal.
After assisting them
and validating that
the process was
followed, it was
requested to each of
them the final ROI
(return on
investment) achieved
at the end of the
project exploitation.
As projects may have
different lifecycles
periods, it was
required to the
participants to
consider initiatives
up to 2 years. A call
for participation in
 the study was done
to invite the
professionals
responsible for this
subject or with high
level of involvement
in these tasks within
their organization
located in Portugal.
Of the50 invitations
to participate on this
research, we received
a total of 22
respondents (44%),
from 6 different
sectors. Out of the
responses received, 7
were from
Transports, 8 from
Banks, 1 from
Telecommunications,
2 from Energy, 1
from Retail and 1
from Public
Administration
sectors.

12 Steps Research :
13 Data Collection
Technique :
14 Research Result :
15 Advantages Research : 1. Briief, clear so 1. Using regular
 readers easily procedures
understand it 2. Abstract, clear so that
2. Give the results of by reading asbtraknya
presentations and course reader can know
drawings so easily the result of the
understood research
3. Discussion in the 3. Give result of
form of related presentation and picture
materials very clear so that more accurate
and included proof
16 Disadvantages Research 1. Not provide 1. Do not give
suggestions for suggestion for further
further research research
2. Use language 2. Not give explanation
difficult to be of why the step is used
understood 3. Lack of dimension-
3. The definition in related material
the given material is description
less profound
17 Coclusion : In summary, In this paper, I
although investigate a stochastic
organizations are fictitious play model of
experiencing difficult learning in a static
times to stay Cournot duopoly game.
competitive in the Novel software is
market and being developed that enables
highly pressured to one to analyze the
rationalize resources, trajectories and
only a very few convergence properties
practice a benefits of strategies,
management mind- assessments, and
set when making payoffs in logistic
their management smooth fictitious play,
decisions. Despite and to compare the
the challenging welfare from logistic
times, a business smooth fictitious play
manager must bear in with that from
mind that its first equilibrium play.
mission is creating
wealth to the My analyses yield
business and several central results.
stakeholders, so First, varying the priors
his/her decisions affects the distribution
should always have of production and of
this goal in mind, payoffs between the
instead of only two firms, but not either
putting energy and the weighted sum of
effort on a cost expected quantity
control measures. produced nor the
Since the business weighted sum of payoff
need may come from achieved. Second, there
different possible is an overconfidence
origins, either top premium: the worse off
down, bottom-up, a player initially
middle management expects her opponent to
or even due to be, the better off she
external sources, it is herself will eventually
essential that a be. Initial beliefs about
benefits mind-set is the distribution of
“educated” across production and of
the teams so they payoffs can be self-
clearly understand fulfilling.
the value of their
innovative One key innovation of
contributions and the work presented in
initiative proposals. this paper is the novel
Once the business software, which can be
needs are identified, used to confirm and
the business case visualize existing
becomes helpful on analytic results, to
providing insightful generate ideas for future
data on which analytic proofs, to
solutions proposed analyze games for
will better suit the which analytic solutions
problem, need or are difficult to derive,
opportunity reported and to aid in the
and consequently teaching of stochastic
support top fictitious play in a
management graduate game theory,
decisions on business strategy, or
knowing what, how business economics
and when to invest course.
resources towards
maximizing business
value. The
conceptual model
and principles
proposed by Pereira
Diamond have been
applied in some
organizations
resulting in very
positive return on
investments. The
project management
professionals
involved managed
the project efficiently
(budget, time and
scope) however it is
important to
highlight that if the
projects wouldn’t
have been correctly
analysed (business
case) and selected it
could have been a
complete failure with
huge impacts on the
company results.
Although
organizations start
having more
awareness on this
subject, just a very
few have
implemented a
methodology and the
best practices when
pursuing initiatives
appraisals (business
cases) and selecting
project portfolios. As
proven in the
research, if
organizations start
following a Pereira
Diamond approach
in every initiative
analysis and
decision-making
process, they will be
able to make more
rational, objective
and valuable
decisions. If
organizations aim to
succeed, it is a
priority to
understand the value
of making effective
projects (the right
projects) and
secondly managing
them efficiently
(managing them
right). The benefits
rationale should
work as a main
driver for budgeting
definition and
especially for
projects selection
which should
become an overall
 mindset across the
organizations’ teams
(from strategic to
tactic and operational
teams). Learning on
how to invest in the
right projects with
the best value for
money in the right
time to market is
synonymous to
organizational
regeneration towards
prosperity.
18 Suggestion :