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Listening - Vocabulary - Reading 07.06.2023 - Andi Muhammad Rivai
Listening - Vocabulary - Reading 07.06.2023 - Andi Muhammad Rivai
I. LISTEN SEVERAL TIMES TO THE LECTURE (1ST JUST LISTEN, 2ND LOOK
AT THE QUESTIONS, 3RD TRY ANSWERING THE QUESTIONS/JUST
WRITE WORDS AS NOTES, 4TH CHECK/RECHECK YOUR
TH
UNDERSTANDING, 5 READ THE TRANSCRIPT TOGETHER WITH THE
SPEAKER) – 25%
Introduction
0:00 Hello and welcome to another session on 1.The session is about functional
0:02 strategic management. I'm Saifullah Shin- strategic management. T
0:04 wari. Students in the last few sessions, we’ve
0:09 talked about the corporate level
0:11 strategy and also we’ve explained 2.The students have previously
0:13 about the business level strategy, but in this discussed 2 issues. T
0:15 session, the concentration will be on
0:17 the functional level strategy. So let's
0:20 answer the question, what is a
0:22 functional level strategy?
Functional departments
3:43 Normally the organization are comprised 10. How many departments are
3:47 of these bunch of functional departments discussed? A. 3 B. 6 C. 5
3:49 which the marketing departments,
3:52 production departments, human resource
3:54 departments, finance departments, IT
3:57 department, and R&D departments so let's
4:00 see that these departments how they use
4:02 the operational or the the functional
4:05 level strategies at a root level.
Financial strategy
7:02 As we all know that you know the 16.What is financial strategy?
7:04 financial departments of the the planning financial planning
7:05 organization they are covering all you know utilizing you know the
7:08 activities which are related to the available finance or acquiring in
7:10 financial management of the controlling
7:12 organization's which including you know
7:13 the planning financial planning you know
7:16 utilizing you know the available finance
7:19 or acquiring in controlling the
7:20 available financial resources any
7:23 finance department case C now a
7:25 maternity at the moment financial
7:27management Cana planning econo utilizing
7:29the resources to some Makana or
7:31 acquiring you know other resources Baba
7:34 Karim Shiva Makana so the financial
7:36 strategy includes raising capital how
7:38 you know the financial department raise 17.One of the function of the
7:40 capital so several strategies can be financial department is to
7:42 implemented either share you know so for raising capital
7:45 selling the shares of the company
7:47 either you know using other resources
7:49 like you know taking loan from you know
7:52 the Institute's other in you know
7:54 financial institutions or either issuing
7:56 debentures so there are several ways
7:59 through which the finance department can
8:01 raise capital
8:02 so for raising capital they have to
8:04implement you know some strategies at
8:06 the financial the functional level so
8:09 that's why we say that you know at the
8:10 functional level while the finance
8:12 department are using the strategies so
8:14 those strategies should work to help in
8:18 achieve you know the business goals and
8:19 also creating in implementing annual 18. One of the job of financial
8:22 budgets so what sort of strategies do department is to the finance
8:24 the finance department use for creating department use for creating
8:27 the annual budgets or sourcing in the annual budgets or sourcing in
8:29 utilization of the relevant funds for utilization of the relevant funds for
8:31 investments so it means how do they investments
8:33 invest the funds it also depends to the
8:35 financial department how they are
8:37 managing you know the remainder raishin
8:40 or the salary you know system of the
8:42 organization or managing management of
8:45 available working capital
8:46 yeah Nikodim capital k fair and working
8:48 capital as rajasam management tomato
8:51 known by chicawa say we hoped our aura
8:52 managed
8:53 talk about company profit data and also
8:56 a payment of the dividends to the 19.What is the relation between
8:57 shareholders in other related financial company profit data and
8:59 functions customers’ dividends?
9:00 it means the financial department is managing the financial resources
9:03 managing the financial resources of the of the organization they have to
9:05 organization so for managing these formulate or they have to
9:08 financial resources of the organization implement several different
9:09 they have to formulate or they have to strategies
9:12 implement several different strategies
9:14 at the financial the functional level of
9:16 the business but these functional level
9:18 strategies of the finance department
9:20 should help and should be aligned with
9:23 the business in corporate level goals in
9:25 objectives coming down to the human resource
Production strategy
11:50 Production strategy at the production 24.What is production strategy?
11:52 departments we know that one of the responsible for the production
11:55 crucial over the most important of the goods which are earlier
11:56 Department in as the name suggests that designed by the engineering
11:59 you know this department is responsible department so the production
12:01 for the production of the goods which strategies related to the
12:04 are earlier designed by the engineering manufacturing of the products
12:06 department so the production strategies what sort of strategies do they
12:10 related to the manufacturing of the use for producing the desired you
12:12products what sort of strategies do they
12:14 use for producing the the desired you
12:18 know goods or the products in the
12:20 production strategy focuses on the
12:22 overall production of the organization
12:24 it means that you know in general
12:26 organization so what sort of you know
12:29 like like production strategies they
12:31want to carry in order to to have you
12:34 know like like you know you know a
12:35 better production system effective
12:39 production system you know and also
12:41 controlling the cost of the production
12:43 so these are you know all
12:45 responsibilities related to the
12:47production production department you
12:49 know once the product is produced so how
12:52 the product can be labeled or how the
12:54 product can be packaged you know the
12:56 logistic in shipment responsibilities so
12:59 all you know these these activities will
13:02 be performed by the production
13:03 department and they have to craft you
13:05 know some strategies for you know
13:07performing these operational activities
13:11 or functional activities at the
13:12 production department in a best possible
13:14 way the primary purpose of the
13:17 production strategy is to improve
13:18 quality of the product
13:20 bleh you know while they're producing so
13:22 they should you know produce the the
13:25 products in you know based on the
13:27 quality based on the defined quality and
13:30 also how can they reduce the
13:32 manufacturing cost of the organization
13:34 because of war you know once you know
13:37 the manufacturing cost of the products
13:38 is declining or reducing or the business
13:43 is capable to to control the production
13:45 cost so they will have the better
13:47 opportunity in market to lead the market
13:49 by what by cost coming down to the
Research 25. What is research strategy?
13:54 research strategy you know strategy know gather data for the
13:56implemented at the research department organization regarding you
13:58you know that research department is one know their marketing
14:01 of the crucial department which should
14:04 be you know always alert and should
14:06 always be you know agile in active in
14:09 order to to just you know like like you
14:11 know gather data for the organization
14:14 regarding you know their marketing
14:16 activities in other functional levels in
14:19 research always just knows you know gets
14:22 data about the innovation and also about
14:24 the changing environments of the
14:26 business and also how to improve you
14:28 know the business you know from from the
14:31 you know like like from the internal and
14:33 external environments so that's why we
14:36 say that you know this department should
14:38 also you know apply some some strategies
14:42 in order to to gain you know the right
14:45 information from the external markets it
14:49 should bring you know reliable
14:50information to the marketing team that
14:53 they can further process that in making
14:55 other decisions based on you know that
14:58 information which can help you know the
15:00 organization to lead in in a market or
15:02in a in a competitive industry in also
15:07 this helps the company to get an edge
15:09 over the competition Kadam Authority
15:11 research departments that are Omaha
15:14 Misha Murphy's amoeba shaky the more
15:16 they her products your services to all
15:18 launch mechana cobbler Gy researcher
15:20 conduct McConnell the Marisa customers
15:23 need once or demands of our model maker
15:25 and also about the competitors strengths
15:27 in weaknesses you want to make enough in
15:29 knowing about you know their products
15:31 and services about the features in
15:33 innovation
15:33 of their products and services and then
15:35 you know the company conditional
15:38 diversify their products methanol key
15:40 company wo-ho the vocal a diversified
15:43 cannot and gets you know like a
15:45 competitive advantage in the you know in
15:48 the available products in or in the
15:50 available you know industry
CREATE 5 QUESTIONS ABOUT FUNCTIONAL LEVEL STRATEGY : USE CAPITAL LETTER, USE
WH-QUESTIONS (WHO, WHAT, WHERE, WHEN, HOW)
1. Who mentors the strategic management sessions
2. What is the name of the department that deals with money
3. Where is the department that regulates employees
4. When do they use operational or functional level strategy at the root level.
5. How many strategies are there to raise capital?
AFFIRMATIVE
NEGATIVE
13. You were not waiting Mr. Ronald in the last meeting
15. Mrs. Yuli had not cooked fried rice when ulin came
INTERROGATIVE
25. Had Mrs. Yuli had cooked fried rice when ulin came ?