Largest Companies Listed On The Bursa Malaysia Commerce Essay

Largest Companies Listed On The Bursa Malaysia Commerce EssayYTL corporationoration Berhad is unriv all(prenominal)(prenominal)ed of the largest companies ap blockageed on the Bursa Malaysia, and to airher with its six listed entities has a combined Market capitalization of ab unwrap RM 34.3 million as at 30 September 2010, the play a pine has a total asset of over RM45 billion. The major stock carries tabu by YTL dope included power generation, construction contr playing, property tuition, hotel ripening and concern, cementum manufacturing, supply of water, treatment and disposal of waste water, and incubating and advisory run for internet business sectores. Francis Yeoh, YTL Corporation Berhad Products and ServicesYTL Cement Berhad supplies cement harvest-tides and concrete increases, tap products and provision of connect go to the constructions sector. YTL Cement is Malaysias largest producer of ready-mixed concrete, through its adjuvant Buildcon Concrete Sdn Bhd C.I Readymix Sdn Bhd. The caller- come out currently operates to a greater extent than 50 batching thinkts throughout peninsular Malaysia. Mr. TG TAN, YTL Cement Berhad YTL Cement Berhad is also the 2nd largest cement formulatet in Malaysia, with cement production capacity of 1.2 million tonnes per annum in Pahang 3.4 million tonnes per annum in Perak and a Clinker and B break Furnace Slag Grinding Plants at Westport, Klang, and Pasir Gudang, Johor, individually of 500,000 m/t per annum capacity. YTL Cement Berhad YTL Corporation also withstand a lots of luxury hotel in different country. Besides, YTL Corporation also carries out property evolution activities. YTL has built up excellent and luxuriously theatrical design of buildings very much(prenominal) as condominiums with attractive and innovative designs.Channels of distri onlyionThis is outlined as an intermediate chain each chain is passed down to the future(a) physical com positions product, that we finally exit the consumer or end user. This physical process is known as the distribution chain or channel. Starting from the beginning, the YTL play along has totally supplies the cement manufacturing to the entire buyer. When the YTL attach to gets the profit back, they postulate enough capital, and then the troupe starts to expand their business twist. They start to supply generation, construction contracting, property development, hotel development and heed, cement manufacturing, supply of water, treatment and disposal of waste water, and incubating and advisory services for internet businesses. Francis Yeoh, YTL Corporation Berhad They sell this product to Tenaga National Berhad(TNB), hotel, building industry, ironw are blood and client. This bear substantiate their products on the market flow and visibility. issuance of Technology UsedYTL Cement is the largest ready-mixed concrete party in Malaysia, with over 500 mixers. YTL Cement owns over 70 batching plant s and a fleet of 700 cement trucks, operating throughout Malaysia. YTL Corporation Berhad YTL Corporation under leaves IT and e-commerce technology in their business. scheme StructureYTL Corporation is managed by an experienced Board with a astray and varied range of expertise. This broad full of skills and experience lavatory discipline that the YTL Corporation is under the guidance of an accountable and competent Board. The Directors recognise the aboriginal role they play in charting the strategic direction, development and control of the YTL Corp Group and clear adopted the six primary responsibilities as listed in the Code, which avail the discharge of the Boards stewardship responsibilities. The Board currently has thirteen Directors comprising nine executive members and four non-executive members. The positions of the Executive Chairman and the Managing Director are held by bust members of the Board. The Executive Chairman is primarily responsible for the orderly con duct and on the occupation(p) of the Board, while the Managing Director oversees the running of the business day by day, murder of Board policies and making of operational decisions. The Managing Director and the Executive Directors are accountable to the Board for the profitable operation and development of the YTL Corporation, consistent with the primary sire of enhancing long-term shareholder take to be. The presence of separatist Non-Executive Directors brings an additional element of vestibular sense experience to the Board and these Independent Non-Executive Directors have the experience to carry sufficient burthen in the Boards decisions. The differing roles of Executive and Non-Executive Directors are delineated, both having fiduciary duties towards the shareholders of the confederation. Executive Directors have a direct responsibility for business trading operations whereas Non-Executive Directors have the undeniable skill and experience to bring an independent judgement to bear on issues of outline, performance and resources brought before the Board. The Executive Directors are responsible for the YTL Corporation operations and for ensuring that strategies proposed by solicitude are fully discussed and examined, and take account of the long term interests of shareholders, employees, customers, suppliers and the umpteen comm unities in which the YTL Corporation conducts its business.MissionYTL Company military commission is to earn high returns by investing in high addition, noesis intensive companies that supplement on brand- bare-assed technologies and then enhance the tax of these investments by using its inhering and external resources. It aims to be a provider of smart capital, which includes financial capital as nearly as material world knowlight-emitting diodege capital, to eliminate galore(postnominal) of the risks associated with overbold technology investments, be they technical, financial or operational. YTL e-Sol utions Berhad personnelsThe strengths of YTL Company are when at a bound resources period while, YTL Company stand supply the amount quantity of products to customer. This is because when that season building start work come together many delegacy and then pull the resources lesser, at that prison term YTL Company got place to store the resources and supply to every customer.WeaknessesThe weakness of the YTL Company is divided into many soften of enterprise development, so by the controlling maybe have many small mistake. Like when a place for develop, many worker are calling to over time the work and forget repay unornamented bonus, but the stylus is some of the worker indispensability to save more the money send back to their family, so that them eat less of food for thought when the working time, and when got any over time chances them allow for fight of it. This puzzle makes them entrusting over stress their body and not enough time for rest and this pull up stakes cause of any dangerous accident.Innovation The source go with to introduce turnkey construction into Malaysia. The first Malaysian company to use non-resource local financing to finance a high- upper berth revile objectify. The first Asian company to issue a Zero-Coupon Euro-bond. First Independent Power Producer in Malaysia. The first non-Japanese Asian company to list on the Tokyo Ex tack in year 1996.AwardsYTL is one of Malaysias outflank managed companies YTL Corporation has won numerous awards and come out tops in numerous surveys over the years, including awards form The Far Eastern Economic Review, Asia Week, CIO Asia and many other(a)s awards. YTL Corporations well-nigh recent accolades came from Finance Asia magazine, when it was highlighted under the categories Most Committed to bodied Governance. Best Financial instruction and Best Managed Company.PlanningPlanning stomach best be defined as facial expression a toss and chalking out future courses of ac tion to be followed. It is a preparatory metre. It is a create action at law which determines when, how and who is going to perform a specific transmission line. Planning is a detailed programme regarding future courses of action. It is skillfully said Well plan is half done. Therefore plan takes into consideration available and prospective humane and physical resources of the system so as to get powerful coordination, theatrical role and perfect adjustment. It is the basic watchfulness function which includes verbalism of one or more detailed plans to acquire optimum balance of learns or demands with the available resources. Ads by Google Someone has said before, Planning is a noetic predisposition to do things in orderly way, to think before acting and to act in the light of facts rather than guesses. Planning is deciding best alternative among others to perform different coach-and-fourial functions in order to master pre resolved goals. Ads by Google Planning is deciding in advance on what to do, how to do and who to do it. Planning bridge covers the gap amongst where we want to go. It makes possible things occur which would not otherwise occur.In todays highly agonistical business environment, budget-oriented provision or forecast-based planning methods are insufficient for a large corporation to survive and prosper. The pissed essential engage in strategic planning that firely defines objectives and assesses both the internal and external mail service to formulate schema, implement the strategy, evaluate the procession, and make adjustments where necessary to stay on track. Bradford, Robert W., Dun poop, Peter J., Tarcy, Brian YTL Corporations strategy of offering World Class Products and Services at Competitive Prices extends across the range of its business activities, and is perhaps the single intimately important factor underpinning its success today in enhancing shareholder value.That is because YTL Corporation using the right way of the strategy planning process. A simplify strategic planning process is shown by the following diagramThis process is most applicable to strategic focal point at the business unit level of the organization. For large corporations, strategy at the corporate level is most concerned with managing a portfolio of business. For example, corporate level strategy involves decisions about which business units are to grow, resource allocation among the business units, taking advantage of synergies among the business units, and mergers and acquisitions. In the process outlined here, company or firm will be used to denote a single-business firm or a single business unit of a diversified firm. NetMBA, military control knowledge Center YTL Corporation follows the step by step then only piece of ass reach until now is one of the largest companies listed on the Bursa Malaysia. The company has many assets, for example hotel, resorts, building, and etc.Mission- Companys mission is to reason as a company. The committee is often manifested in the form of mission statement, convey a sense of mission and project staff clients corporate image. In the strategy formulation process, the mission statement sets the direction of where the company should go.YTLs mission is to earn high returns by investing in high growth, knowledge intensive companies that leverage on new technologies and provide the affordable to become one of the first quality products and services. Now our company is following by the mission and most wants to overstep the mission already. YTL Group Managing Director Tan Sri Dato (Dr) Francis Yeoh Sock criticise said that before.Objectives- Objectives is a specific goal, which the organization seeks to reach, for example, a profit growth sucker. The goal should be challenging, but achievable. They should also be measurable, so that companies earth-closet proctor their progress and make necessary corrections.YTL over the last 15 years already contributed directly to its success in achieving a heighten annual growth rate in Pre-tax profits of 55%. This can shown that the company also done in this part very well and is not every company can done it as well, it because need to put more heart on the company and fight the target only can get it well.Situation Analysis- Once the firm has qualify its objectives, it begins with its current situation to devise a strategic plan to reach those objectives. Changes in the external environment often present new opportunities and new slipway to reach the objectives. An environmental scan is performed to signalise the available opportunities. The firm also must know its own capabilities and limitations in order to shoot the opportunities that it can pursue with a higher probability of success. The situation compend therefore involves an analysis of both the external and internal environment. NetMBA, Business knowledge Center A situation analysis can generate a large amount of i nformation, much of which is not particularly relevant to strategy formulation. To make the information more manageable, it sometimes is efficacious to categorize the internal factors of the firm as strengths and weakness, and the external environmental factors as opportunities and threats. NetMBA, Business acquaintance Center YTL Company aspect the analysis in the industry in which the firm operates or is considering operating. It devised the quintette forces framework that is use for industry analysis. The five forces include barriers to entry, customers, suppliers, substitute product, and rivalry among competing firm.Strategy Formulation- Once a clear picture of the firm and its environment is in the hand, specific strategic alternatives can be developed. While different firms have different alternatives depending on their situation, there also exist generic strategies that can be applied across a wide range of firm. We identified the cost excreteership, differentiation, and focus as the three generic strategies that may be considered when defining strategic alternatives. NetMBA, Business association Center We implementing a gang of these strategies for a given product rather, he argued that only one of the generic strategy alternatives should be pursued. So, the YTL Company got more strong power to build up faster than other company and become a big company.Implementation- The strategy likely will be expressed in high-level conceptual harm and priorities. For effective implementation, it needs to be translated into more detailed policies that can be understood at the functional level of the organization. The expression of the strategy in terms of functional policies also serves to highlight any practical issues that might not have been visible at a higher level. NetMBA, Business Knowledge Center The strategy of YTL Company is translated into few specific policies for functional areas much(prenominal) as marketing, research and development, pro curement, production, human resources, information systems and etc.Control- Once implemented, the results of the strategy need to be mea certaind an evaluated, with changes made as required to keep the plan on track. Control systems should be developed and implemented to facilitate this monitoring. Standards of performance are set, the actual performance measured, and appropriate action interpreted to ensure success. NetMBA, Business Knowledge Center By the way the surmisal and the YTL Company theory are similar same, step by step from mission until the end of the controlling step.OrganizingOrganization is one of the circumspection functions, such as planning. It is a function of the synchronization and human, material and financial resources, the combination occurred. each three resources are very important to get results. Therefore, the organization features help to achieve results that are actually important for the operation concerned. accord to Chester Barnard, Organizing is a function by which the concern is able to define the role positions, the subscriber lines related and the co- ordination between authority and responsibility. Therefore, managers forever want to get organized results.Organizing function has four following steps. First is identification of activities. altogether activities must be conducted in a question for the first time that. For example, the preparation of the accounts, make sales, record keeping, quality control, inventory control, etc. All these activities are grouped and classified as a unit. Second is departmentally organizing the activities. In this step, managers are trying to bind to the departments and units or similar groups and related activities. This is divided into separate units and department to the entire organization is called departmentation.In the thirdly steps is classifying the authority. Once the departments have made, Managers like the power and scope of the family unit managers. This gives a kind of management positions in the rank of the level of activity is called. Senior management to policy formulation, the lower the inspection and management of mid-level to the foremans supervision and management. Clarify a problem in the introduction of the power efficacy of the help. This helps in achieving the operating efficiency of a concern. This helps to quash the time, money, energy waste, to avoid duplication or overlapping of efforts, which helped smooth the introduction of the work concerned.And the last step is co-ordination between authority and responsibility. Relations are based on different groups in order to achieve organizational goals toward smooth interaction. eachone knows by his authority, he or she know they have to take orders and to whom they must spread over to them. A clear organizational structure is developed and all staff is made aware of this.When it comes to business leading, the most important aspect is the management of the organization functions . In fact, the correct implementation of the organizational functions of management can make a business success or failure. Absence of work system, involving the management of organizational functions, the companies can easily end up swell up and bleeding red.Unfortunately, many business owners do not put across enough time to consider the organizations management functions. In addition, when it comes to business planning and the like, little time is spent on an overview of the organization, taking into account management features. This is crucial, a business management training and well versed in the functions of various organizations. Historically, these types of concepts taught in colleges and universities. However, to a large degree, many universities have discard at least to some extent, the training organization like the focus.Management organizations function of the level of many business enterprises. First, the organizations management function addresses the way the pers on with the organization to interact, who reports to whom, organization charts, lines of authority. All of these are personnel management and organizational functions of management within the organization takes that fall on.Financial planning and budgetary considerations also belong to the organizations general management topics. Managers need the cab and the company employed by them during the budget out familiar. They need to escort the business of spending and budget priorities in order to fully sympathise how to allocate company resources to ensure the maximum profit at the end. net also does provide a number of organizations looking for more management functions, and how it is any enterprises overall business model of an important part of the useful information for anyone interested.Now we talks about the important of organisation. The people who organized organization are much better than the disorganized individuals. The same is certain the organized sector or enterprise. Managers who can master this enjoyment of the organization function more smoothly in the management of the term of righteousness location.For example, the construction enterprise organizations must do to ensure the smooth progress of the project a lot. Subcontractors, construction managers and building materials must be true by organizations for each. Scheduling before the arrival of supplies, the development of a carpenter, is counterproductive, and display a lack of organization. In the current situation, there is a specific order to the project, which is in any other projects the true situation. Manager who has a staff organized to follow it and the organizations and the fight. Managers who take seriously functions of the organization to systematically update their plans will therefore be successful in the body of work.Organizing is always occurs continuously. Organization is most managers daily, weekly, annual task. In todays fast-paced business world, things change rapidl y, the change occurred. Managers must remember that it was the composition of the flow, never change. Flexible management the ability to change course and even when necessary to meet customer needs. Change is inevitable. For the frequent changes of business experience, the organization function is essential. Such as adding new jobs or eliminate some of the organizational change process can change the level and structure of the organizations business.By the way, our research of YTL Company has indicates that organization itself consists of three basic building blocks. They are Job Positions, Activities, and Systems. The growth of the organization is how to organize the development and how they relate to people of each of these subunits to form an organic whole run acrossing.Job PositionsThe YTL Company divides the job positions into four types, which is Structure, ascendance, and diffusion of tasks, Right people and Training.Structure The first thing consider is the structure of jobs in the company is correct for todays business and plans for the tomorrow. Therefore, it is worth doing an analysis of whether the structure and YTL Company contains the right makeup and balance of job positions on it.Authority Second, YTL Company examine whether each job position in the company is matched by a level of authority for the person in that job to carry out the tasks contained within the job. In addition, the person filling the job needs to clearly know whom he or she is to report to. Roy Posner, egress Online Distribution of Tasks Third, need to check whether the work tasks are assigned to that position in all right task. Some tasks may not be included in the work, or some tasks may need to be added to the job, or some people may only need to be assigned to another job. Therefore, the contents of each job in the company of the company is also worthy of detailed analysis.Right People, Training Fourth, the job positions in YTL Company are proper allocation, as we ll as office tasks is to maximize the efficiency of individual positions need filled with the right people, and training to the work of each person.ActivitiesJobs, activities can be continuously meliorate throughout the organization as well. Each improvement to an activity releases flip energy and makes the organization more effective. Roy Posner, Growth Online YTL this high-tech manufacturing companies are refreshing their product development activities in order to maximize product and service speed to market, and their efficiency and product quality and service. Therefore, thorough analysis activities, while enable companies to more cost-efficiently and releasing tremendous energy and prosperity.SystemsAn organization is unconquerable by the degree of productivity and regular physical activity deed systematic, standard operating procedures for the opening.Systemization doesnt just make activities work more efficient it makes people more relaxed and cheerful at work because the activities almost take care of themselves. In fact, the happiest people are often in companies that have turned most or all activities in the company into be systems. Roy Posner, Growth Online There are some systems in the YTL Company as computerized bookkeeping, email, sales tracking, sales analysis, manufacturing, credit checking and etc. And then there are the existing systems. YTL Company upgraded the efficiency to the next level.Compare to the theories of YTL, it is almost the same. YTL company manager organize the company organizing structure and the job position of the employees in the company. Besides, the manager also concern about the authority and system in the company.LeadingLeading is the topic of motivating employees is extremely important to managers and supervisors. To trigger employees, we must start motivating ourselves first. If you are enthusiastic about your job, it is much easier for others to be too. In addition, if doing to take care of worker and thei r work well, will have more clearly how other people do is their point of view.You can make their day or break their day. As a manager, you are the most powerful factor in employees pauperism and morale. Your encounter on employee motivation is immeasurable. By the words, the body language and expression on face, the telegraph opinion of their value of the people employ. You must take the lead first. Use simple powerful motivational words to demonstrate that you value people by saying please and thank you and you are doing a bang-up job you can make their day cocksure employee motivation and morale.Start the day right. Since, walk tall and confidently. Walk around your workplace and greet people. Share the heartfelts and expectations for the day. Let the employees know that today is going to be a great day. Of start with you, you can make their day.For employee motivation, you must make sure people know what you expect. As a manager, you must have clearly state down the work ob jectives, members needed, report dear lines and the requirements so that the employees do not received a different manage. Make sure get the feedback from the employees so will know he or she understand what is the need. Share the goals and reasons for doing the task and project. Have a task or project by the middle of change, why change needs to secure people, tell them you know. They want to know when they complete a project, and when you are disappointed in their results. They need as soon as possible after the particular this information. They need to work with you to make sure that they produce a positive outcome the next time. Set up a daily or weekly schedule to check and make sure the feedback happens. This is an effective rooster in building employee motivation and morale.As a manger you can continue learning and trying out new ideas for employee motivation. Use some(prenominal) access you have to education and training. Have an internal trainer or seek classes from an outside consultant, a training company or a university. Most people want to learn and grow their skill at work. No matter what their reasons are a promotion, different work, a new position or a leadership role employee appreciates your help. Encourage experimentation and taking reasonable risk to develop employee skill. That each persons performance development plan and implementation plan to ensure that you need to help them. carry regular meeting to share information, gain ideas for improvement and train new policies. Hold focus groups to gather input before implementing policies that affect employees. To efficaciously lead a work group, department or unit, you must take responsibility for your actions, the actions of the people you lead and the accomplishment of the goals that are yours. Susan M. Heathfield, About.Com Show loyalty by following through on your promises.To motivate the employees, we start with good people, lay out rules communicate and reward them with good p ay and bonuses to those who deserve them. Today, people must understand why they are working hard. Every individual in an organization is motivated by something different from each other. On motivating people, you are got to engage their minds and their hearts. For example, by excitement or by having productive ideas to make others feel involved. Motivation is the art of displace people to do what you want to do because they want to do it. Everybody wants to be somebody. The thing you as a manager have to do is to give them confidence as much as you can.Whether you, you are for personal reasons, but the bottom line is that almost everyone working for the money. Whatever you can it compensation, salary, houses, benefit or remuneration, money pays by bills. Of provide housing, gives children clothing and food, send them to college and at long last retirement. Therefore, equity interests and pay is the cornerstone of a successful company, the commitment to evoke and retain workers . To attract the best employees, you need to pay more than your bonnie paying counterpart in the market place.Show commitment by following through on your promise. Follow up on mines and review project regularly to make sure you have done all you can keep an eye on projects so that you can head off problems.As a manager, in order for you to motivate your employees you must have positive mental posture. Condition your mind to reject contradict attitude to channel your mental energy. A commitment to positive attitude will bring about that relaxed countenance that many successful leaders exhibit.Show disciplined to your employee by setting a good example. ever arrive early for appointments. This shows that you are disciplined and respect other peoples time.Strength and courage on the face of adversity is a must. Be determined to face it off when facing with any troubles or problems. People will respect you more if you show courage.The leading challenges are to help individuals ident ify potential area of development and to measure the effectives. It is also ones ability to peck with daily environment demands and pressure and helps predict ones success in living including professional and personal pursuits. It also helps us to understand the connection between emotion and ones abilities to lead. Leaders execute a vision by motivating, umpiring, listening, guiding, and persuading others.The challenges in leading are that we can proactively build up relationship with a wide network of people. To continually articulating our vision and influencing our employees. As a leader, we can umpire ourselves and others and also creating a culture that sustain urgency in making the vision a reality. We can also continually looking for new ideas, developing, motivating, embracing change and welcoming opportunity.Combined with comprehensive pressures and the never-ending need to adapt and change the demands to strong leadership at every level of an organization one eventual to its strategic alignment, effectives and success.In YTL Corporation, the manager led or motivates their employees in the company to achieve some plan or let their staff perform in certain tasks. Besides, the manager also led to the morale and behavior of the staffs. YTL Corporation aims to make the staffs having a high morale and good efficient while working in the company. So that, the company only can perform well because of the good relationship between subordinates and staff. Other than that, YTL Corporation led the company to achieve their company mission and vision. By facing any challenges and problem, the manager will find a new idea or certain ways to solve the problem or having confidence to fight with the challenges given.Compare to the concepts and theories, YTL company manager concern more about the performance of the employees in the company. alike(p) as the way of leading, the manager led to make the staff be in high morale and good attitude. So, the manager can le d their employees to achieve certain objectives in the company.ControllingFinally, we come to the last management process and functions. The final activity manager perform is controlling. Manager should monitor activities to ensure that they are accomplished as planned. After estimating the future conditions and fortune of his company, making decisions b