Money - Gold & Silver

1. After 5 month I did not write any issues in my blog, this time I'm coming to be "active" on the writing. Today, I would like to share a bit about The History of Money. I have read from the e-book on this topic. Actually, this topic was part of the "Why We Should Buy a Gold or Silver". Then, we need to know the background of money.

2. Gold and Silver is the first money in the ancient Greek. They used the coins which was a combination of the gold and silver and known as "electrum". In Malaysia (before Independence Day), of course the Barter system is main transaction to exchange the goods and it was inefficient. When the fisherman wants the clothes or fabrics for payment, the fabrics seller has to agree the items for exchange. If not, the transaction would not happen between both of them.

3. Back to the Gold and Silver, the value of these 2 metals are remained a real money for over 6,000 years. Can you imagine. If  currency Note, I think after 10 years, RM10 is equivalent to RM1. I am not worry to lost RM10 now compare to last 10 years where if I misplaced the RM1 note, it was very very embarrassing me.   

4. Looking to the characteristic of the money, it must stand the test of the time and would able to hold value in a small space or portable. The real money should have the ability to be divided and still hold the value. Unlike the diamond, it has its own value. In other word , the diamond is not fungible.

Air Asia - Blue Ocean Strategy

What is Blue Ocean Strategy? (a.k.a BOS)

• BOS is the simultaneous pursuit of differentiation and low cost.
• The aim of BOS is not to outperform the competition in the existing industry, but to create new market space or a blue ocean, thereby making the competition irrelevant. It means that competition is irrelevant whereas in Red Ocean Strategy (ROS), the boundaries and competition are the major rules. The BOC is focusing the competition to become irrelevant and uncontested in market place.
• While innovation has been seen as a random/experimental process where entrepreneurs and spin-offs are the primary drivers. BOS offers systematic and processes in pursuit of blue oceans by both new and existing companies.
• BOS is creating and capturing a new demand whereas ROS is expoiting the the existing demand.
• BOS frameworks and tools include: strategy canvas, value curve, four actions framework, six paths, buyer experience cycle, buyer utility map, and blue ocean idea index.
• These frameworks and tools are designed to be visual in order to not only effectively build the collective wisdom of the company but also allow for effective strategy execution through easy communication.
• BOS covers both strategy formulation, strategy execution and implementation.
• The three key conceptual building blocks of BOS are: value innovation, leadership, and fair process.
• While competitive strategy is a structuralist theory of strategy where structure shapes strategy, BOS is a reconstructionist theory of strategy where strategy shapes structure.
• As an integrated approach to strategy at the system level, BOS requires organizations to develop and align the three strategy propositions: value, profit and people .