The South East Asian market, which comprises of (Indonesia, Singapore, Malaysia, Thailand, Myanmar, Cambodia, Vietnam and the Philippines) is a market greater of 500 million people. The growing middle-class in Asia is creating an unprecedented demand for products and services, and fuelling global growth. A slowdown in the Chinese economy (the world’s second largest) most definitely will impact global economic growth. Although Malaysia is a relatively small economy with population of 30 million, yet it provides an insight into the Asia-Pacific region with its strategic location in South-East Asia. This book will be followed by a series of other books that provides insight into more Asian companies. In 2010, Malaysia sat a target to become a high-income nation by the year of 2020 with the initiation of Economic Transformation Program (ETP). ETP is a comprehensive blueprint to move Malaysia’s economy into developed economy with a projected Gross National Income (GNI) of US$523 billion and per capita income at US$15,000 by 2020.
Impressed with the economic performance of Malaysia, triggered an interest in examining how Malaysia (then under PM Mahathir) managed to pull out of the financial crisis of 1997, that gripped much of South East Asia. Years later, Malaysia managed to pull itself out of the financial crisis, and to be a rising Asian tiger. This early interest has turned into love and affection to a country with unique history, resources, and marvelous people. The deeper my research of Malaysia, the more my frustration grew with the lack of ability of a nation to move into a unique socio-economic position. That is, to equalize with Singapore, or compete at the global level with Korea. I chose 2020 to publish this body of work, because I was waiting to confirm my hypothesis that Malaysia will not manage to achieve Wawasan 2020 (vision 2020), which is to be amongst 1st world nations. Failing to achieve vision 2020 is no coincidence. Malaysia is stuck in the middle between cheap production countries such as Vietnam and Korea, and services-based economies such as Singapore. The first essay that follows the introduction is called The Phenomenon of Economic Inertia. The premise for this research paper is that Malaysia is suffering from a phenomenon of inertia, economically however, that it is incapable of pulling itself out of its current position like many developing nations) for number of reasons. With corruption being deeply rooted in the varying layers of society, and a leadership that failed to control corruption (as in the case of Singapore) and move the country into globally competitive position. This is what is meant by a “Phenomenon of Inertia” that is a conscious self-inflicted condition. The human factor in the hypothesis of “Phenomenon of Inertia” does comprise of society at large; people, leadership, and institutions. Managerial practices in Malaysia are still hierarchical and power based. Such hierarchy and power bases, are an evident participant in the inner-play of socio-economics of the Malaysian nation. The Malaysian current state of affairs (as of 2020) is self-inflicted condition. With the Malaysia education system being deeply flawed. This naturally led into the state of Malaysian lack of industrial competitiveness, which is not breaking through its global competitors. With so much to offer, Malaysia still has a great chance to make the leap forward to achieve its Wawasan to be realized in a later date, as long as it gets there. This will entirely depend on the will of the Malaysian people collectively.
This book list with examples the most common methodologies applied in project management. There are numerous definitions of methodology in project management. However, there is a shared fundamental principle across all definitions. That is, methodology in project management helps project managers direct the project, and keep it in track. Methodology help organizations to achieve outcomes that aligned with strategic objectives. This is especially true when considering that projects are expensive, changing and time consuming in nature. All projects have three main components that a Project Manager (PM) constantly struggle with; cost, time, and quality. Various approaches to project methodology are the means of organizing and directing projects. These components are limitations that shape projects in the form of outcomes, deadlines and resources. As such, choosing the right methodology help achieve desired objectives and set outcomes in a most efficient and effective manner. There are six common types of project management methodologies. Each part will be discussed with explanation of its sub-parts. This body of work is written while working in California’s Silicon Valley as project manager, and teaching project management to MBA students. The intent of this work is to clarify the various methodologies applied in project management and simply these concepts to those learning project management, and to those studying it. A study on critical success factors has been included at the end of this book to illustrate the importance of culture and the role cultural values play in defining project successes and failures for the benefit of the reader.
Industry practitioners and academics, often raises the issue of lack of employability amongst graduate students at both levels, undergraduate and post graduate. Viña of the Financial Times reported that “the unemployment rate for graduates was 3.1 per cent, 2.3 per cent for workers with a postgraduate qualification and 6.4 per cent for non-graduates”. Number of scholars also concur to the notion that new graduates lack the needed skills to make them employable. The core issue of students’ employability lies in the needed skills and abilities relevant to employers in various industries. This essay discusses this issue and suggests number of approaches and strategies to improve viability and employability of new graduates.
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