Chief Editor`s Desk - Terengganu

2012
04October
RECTOR’S CLOSING
SPEECH AT
Issue
TiBÉC III
by: Najah Lukman, Suhaily Maizan Abdul Manaf and Assoc. Prof. Dr. Abdol Samad Nawi
The closing speech given by Assoc. Prof. Dr. Abdol Samad
Nawi, Rector of UiTM (Terengganu) at TiBÉC III (Terengganu
International Business and Economics Conference 2012),
which was held at Primula Beach Hotel, Kuala Terengganu
on the 18th-20th October had concluded it all.
While standing on the stage on the last day of the event,
he had symbolized that very moment as if we were on
the brink of a fine line symbolizing the end of the journey
of TiBÉC III. Before crossing that fine line, he had asked
for a permission to recap a few things that had captured
his attention during that 3 day event, which he had fully
embraced, participating in all the programs, at times as
a VIP guest and at some other time as a mere participant
and even as a moderator and presenter.
The Rector had thanked and congratulated the Faculty
of Business Management at UiTM (Terengganu) and all
the committee members for the success of TiBÉC III,
which of course would not be successful without the
involvement of everyone whom had done their shares
of hard work, standing strong in concerted effort to
make the success of TiBÉC III a reality.
Altogether, the conference had received application
for 220 papers. A total of 184 papers were accepted
and scheduled to be presented and out of that,
18 papers came from 10 different countries. All
those papers presented ranging under 7 different
areas; management, human capital, marketing,
entrepreneurship, accounting, finance and economics,
which is the Rector’s own field.
The Rector had mentioned that this in itself has shown
a great achievement. Though he has not been with
the team from the beginning, which is from the birth
of TiBÉC in 2008, he has been listening to the faculty
members talking about it. For the faculty, to be able to
sustain and maintain organizing it every two years, keep
receiving large amount of papers and presenters each
time, improving with the birth of two online journals,
then that is what he calls ‘Scaling New Heights for
Sustainable Development’.
Thus, he thinks that the theme for this conference is
most timely and relevant. “The Markets for Tomorrow:
Scaling New Heights for Sustainable Development” is not
just applicable to the Faculty of Business Management
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1
at UiTM (Terengganu), but also is in line with today’s
environment in the business world. Companies are urged
to actively striving to develop sustainable and innovative
products and services if they want to sustain in the
business. For them to be able to stay exist in the market
tomorrow, they have to build success over series of
successes. This is also what was discussed during the 3rd
keynote session with Haji Abd Rani Lebai Jaafar of RHB.
For Islamic Banking, they have foreseen & forecasted a
huge market in the future. They have also been urged
to always come out with innovative products to tap the
world market
the markets for tomorrow.
The Rector had said that internationalization and
globalization of business requires innovation and a
completely new mindset, in order to develop and
sustain that development. There needs to be a
complete paradigm shift in our way of doing things. As
also been stressed on by the Prime Minister, innovation
is paramount and suggested that the word quality be
replaced by innovation. In an emerging economy like
ours which is on its way becoming a developed country
by 2020, it is imperative that we innovate and get
creative. This is especially so if we are to become
one of the super power known as MINTS (Malaysia,
Indonesia, Nigeria, Turkey & Saudi Arabia) in the future
as foreseen and mentioned by Prof. Dr. Abul Mansur
Mohammed Masih in the 1st keynote session.
He had added that UiTM needs to add value to its
teaching and management in order to face the
increasing challenges of education in the 21st century.
Increasing number of students, bigger classes, and
rapid advancements in knowledge require lecturers
to innovate and add value to their repertoire of skills.
The management too needs innovation. We need to
move from a vertical “command and control” to a
more horizontal “connect and collaborate” models for
innovation and value creation. The Rector was confident
that conferences such as this would help create the
new mind set needed for these changing times.
The Rector was glad to state that we at UiTM
(Terengganu) have been doing our part in UiTM’s quest
to attain greater academic heights and be known as a
research university. He is thankful that our lecturers
here have been doing their part because in the last
two years, more than 130 lecturers have published
internationally in reputable journals registered with
Scopus, Thompson and others. This augurs well for
UiTM’s mission to achieve research university status.
Thus, he had expressed his gratitude to all staffs in the
Faculty of Business Management for organizing TiBÉC
conferences and confident that conferences such as
this would take our lecturers to a greater intellectual
dimension. Academics must ensure a steady stream of
research and publications, which should be accompanied
by presentations. As our lecturers have been travelling
the length and breath of the nation to present papers
and also going beyond its borders, it is only fair that we
hold our own conference to showcase the research done
and the papers written as well as provide opportunities
for other academicians to present their papers.
The Rector had also admitted that, indirectly holding
an international conference also can be used as a
practical training ground for the lecturers especially
business management lecturers for they need to walk
the talks and not just simply empty talk. He was sure
From the
Chief Editor’s Desk
Bismillaahirrahmaanirrahiim
Assalamualaikum to all BizNewz readers.
Alhamdulillah, praise be to Allah for this fourth issue of
BizNewz in 2012.
On 18th till 20th October 2012, Faculty of Business
Management UiTM (Terengganu) had successfully
organized the 3rd Terengganu International Business and
Economics Conference 2012. TiBÉC III, as it is notably
known, was held at the Primua Beach Hotel, Kuala
Terengganu. It was a biennially mega event for the
whole faculty members after having fruitfully hosted
TiBÉC I in 2008 and TiBÉC II in 2010. Bravo to everybody –
the committees, speakers, presenters and participants.
Don’t miss out to read the Rector’s closing speech at
TiBÉC III in this issue.
Then, come Eidul Adha celebration on 26th October. It
is an Islamic festival to commemorate the willingness of
Prophet Ibrahim ‘alaihissalam to follow Allah’s command
to sacrifice his son, Prophet Ismail ‘alaihissalam.
We all have our fair share of sacrifices; not just by
slaughtering domestic animals, but by giving up things
that are fun or important to us. A true Muslim, one who
submits his or herself completely to Allah, is willing to
follow Allah’s commands completely and obediently.
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2
that it is a good training ground because managing an
international academic conference is not an easy task
especially for UiTM lecturers for they are also required
to teach between 16-18 hours a week and also involved
in students’ activities.
He had reminded that lecturers must not only continue
to publish prolifically but should attempt to showcase
their publications and findings at conferences such
as TiBÉC so that there is more opportunity for
commercializing and internationalizing it. We have
done well so far; however, we must never rest on our
laurels. We must push ahead and continue the work of
writing, publishing and presenting. This would allow
for the dissemination of knowledge which is much
needed for an emerging nation like ours. Thus, he had
urged every one of us to keep publishing and sharing
knowledge for that is our chosen role as academicians.
The Rector had ended his closing speech by thanking
all the presenters, participants, and visitors for joining
TiBÉC III and indirectly helped to make the event a
successful one because without all of them, the event
would be left with no event at all.
Finally, he had expressed his hope that the association
and interaction with all will continue to prosper till we
meet once again in another 2 years in 2014 for TiBÉC IV.
It is this strength of heart, purity in faith and willing
obedience that Allah desires from us.
I really enjoy listening to Irfan Makki’s song – ‘Waiting for
the Call’. Hopefully my call to perform hajj (pilgrimage)
would come sooner in the near future. This hope implies
to those who have yet to perform hajj as well.
We are fortunate to have our beloved columnist, Mr. Asri
Salleh, to jot down his last piece in BizNewz. Mr. Asri
will be on a study leave starting end of this year. Good
luck and all the best, my friend. Keep on having and
spreading the passion for writing, regardless of wherever
you are; as what you did here in UiTM Terengganu. Mr.
Asri is indeed one of the not-so-many famous writers
here. A legend, he is.
Last but not least, thank you to all article contributors
of this issue for your support in order to ensure BizNewz
keeps on enlightening the writing culture in this campus.
To all BizNewz readers, do enjoy reading our range of
articles.
Editor-in-Chief,
Azyanee Luqman
Editor’s Column
“Aku memenuhi panggilanMu ya Allah aku memenuhi panggilanMu. Aku memenuhi panggilanMu tiada
sekutu bagiMu aku memenuhi panggilanMu. Sesungguhnya pujaan dan nikmat adalah milikMu
begitu juga kerajaan tiada sekutu bagiMu”.
Assalamualaikum dan salam 1UiTM,
Lafaz talbiah ini mengingatkan kita tentang lambaian kaabah. Secara automatiknya juga teringat bulan Islam
sekarang hampir kepada bulan Zulhijjah 1433. Tidak kurang hebatnya jika kita menghayati interpretasi makna
lafaz tersebut yang didendangkan oleh penyanyi kelahiran Pakistan Irfan Makki – ‘Waiting for the call’. Amat
indah dan liriknya mudah difahami, insyaAllah. Namun tertanya juga, bilakah aku dijemput untuk ke sana?
InsyaAllah di panjangkan umur dan rezeki yang berkat, sampailah hendakNya.
Alhamdulillah kita diberi peluang menikmati nikmat Ilahi sehingga hari ini, syukur. Terima kasih buat Ketua
Editor kerana membuka ruang buat saya menitis tinta di dalam edisi Oktober 2012 ini.
Pada ruangan kali ini saya ingin sekali berkongsi sedikit coretan berdasarkan pengamatan saya sepanjang
melibatkan diri dalam sistem akademik di Universiti Mega ini. Sebagai pendidik yang saya percaya ramai
dikalangan kita mahukan pelajar yang serba tahu dalam maklumat isu semasa amnya. Oleh itu, acap kali juga
saya bertanya kepada para pelajar kita ketika berada dalam bilik kuliah berapa kali mereka membaca akhbar
dalam seminggu? Jawabnya ada yang tiada, sekali sekala pun ada. Belum di tanya berapa kali mereka membaca
al-quran, wallahua’lam apakah pula jawapan mereka. Positif hendaknya jawapan tentang itu. Jika ditanya
berapa kerap mereka mengemaskini status ‘Facebook’ mereka, ramai yang tersenyum tanda mereka lebih
utamakan komunikasi sosial berbanding pencarian ilmu.
Saya melihat fenomena ini sebagai satu isu negatif jikalau ianya berterusan
dikalangan pelajar kita. Namun ada juga menjadikan laman sosial ini
sebagai satu perantaraan yang positif untuk sesi perbincangan ilmiah di
antara pelajar dan pensyarah itu sendiri. Alhamdulillah jikalau begitu murni
tujuan perkongsian ilmu diwujudkan melalui laman mukabuku, seterusnya
memudahkan komunikasi berkesan antara pihak pensyarah dan para pelajar.
Berikutan dengan gelombang komunikasi yang melanda dengan pelbagai
teknologi terkini, saya yakin para pelajar tentunya ada yang leka dan hanyut
dibuai arus permodenan. Kadangkala terdapat pelajar yang tidur lewat
malam gara-gara terlalu asyik dengan hidangan hiburan yang mudah didapati
menerusi laman sosial ini. Ianya berlarutan sehinggalah pelajar lewat ke kuliah
dan ada juga yang tidak hadir ke kuliah. Sebagai pendidik anak-anak bangsa
ini, saya amat risau generasi keluaran Universiti Bumiputera ini tersasar
daripada misi dan visi yang dicetuskan oleh pihak pengurusan atasan. Di sini
mungkin saya boleh mengajak rakan-rakan pensyarah bersama mengambil
tahu sedikit sebanyak kehidupan pelajar-pelajar kita. Akhir kalam, semoga
kita semua diberi rahmat oleh Nya untuk sentiasa menjadi yang lebih baik
daripada semalam. Wallahua’alam.
Salam Pencinta Ilmu
(Erratul Shela Eshak)
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3
My
by: Asri Salleh
Last Piece
It has been a while since I last wrote for
BizNewz Bulletin. This should be my last
piece.
I didn’t realize that I’ve left without
saying good bye properly to our readers
out there. I should have made our
readers, at least, feel appreciated and
that way, adored. Wait, I’d say that at the
end of this piece. Not now. Not yet.
Here’s the thing I’d like to write about. I
came across some of our former staffers
who’d moved to other campuses. They
told me different things all the many.
Couldn’t recall all. But one thing all those
stories share in common is that, they all
miss UiTM Dungun.
It’s the culture of camaraderie here in
the campus they miss so badly. It’s the
passion for people. The warmth. The
friendship of a teammate.
At the very least, for me, here everyone
seems to know everyone. And everyone
seems to know you. After exchanging
some simple smiles and handshakes,
you just can’t feel alone, won’t feel
awkward, and won’t ever feel you are a
complete stranger - lost in translation of
the deep exotic Terengganu dialect.
When I first came here, the first thing I
looked for was the football field. I found
one. Then I searched for teammates. I
found them. The next thing I know, we
had been playing together for almost 4
great years. 4 fantastic seasons. 4 years of
laughter, bumps, tackles, butt kicks, awful
body odors, head collision head on. But,
never mind all those. The most important
thing I can’t help but realize is that they
were all passionate about football. And
always they will be. I know. I can tell.
I played football with these guys who kept
telling me things in Terengganu dialect,
wanting me to execute certain movements,
passing and playing so that we would score
some classic and unforgettable goals. Then
afterwards, written in gold, post-match
score lines that would make the rival shot
stoppers (especially) break down in tears.
Mostly, during matches, I failed to understand
what my teammates were honestly trying to
tell me. And honestly, I failed to understand
them. So, I guess that might be one of the
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4
reasons why we lost 80% of our games. And I
guess it might be one of the reasons why the
rival shot stoppers never cried. They always
laughed instead. I know why. Because I
was the central defender. Mind you, when
strikers do beat and get pass by the central
defenders, especially the last man standing,
that’s the end of the world for your shot
stopper. All the time, I found myself to be
the last man standing. Beaten. Helpless.
Unlucky. Miserable.
Yeah, thanks to me. But blaming me they
never did. They know football is played
by hearts. Not words. It is all about
passion, my friend, passion.
So we kept playing football the way we
knew it. In all types of weathers. Under
the hot sun, in the rain. But never when
we could smell the lightning soon arriving.
Anyways, nobody wanted to be the first to
die by a master stroke of one flashy fiery
‘shock and awe’ lightning in UiTM Dungun.
Would you like to be the first one? I heard
stories about someone who survived the
‘arrow of heaven’ here in UiTM Dungun.
They call him “man petir” or something.
I never knew that man. But, I am glad he
made it through.
Forget football. I know many don’t know
why on earth many men and women are
crazy for the sport they call “the beautiful
game”. Many would still fail to understand
why there are “offside” in football. Okay,
let’s move on.
Let’s talk about life as a lecturer in UiTM
Dungun. Here lecturers of UiTM Dungun are
passionate about writing. For beginners,
get one of your papers published in a
journal, then you are already a star. I
tried. But, never really felt that stardom
was my destiny. But I won’t stop trying
nevertheless. If you don’t write, you would
have this strange feeling running crazy like
a mad bull in your veins; it feels almost
like you are left 100 light years behind.
You simply feel you are faced with no great
escape route but to write. With your back
pushed to the wall, you have got to find
yourself an ally, write a piece. And there
Mr. Gopala will be. Never will he miss your
first try. This is not a true lie. I was there.
Mr. Gopala will be the sole witness of your
rise to stardom. He wouldn’t mind because
he himself already is a star.
The management, despite the constraints
in all aspects, will always try to make
you feel comfortable to the best of their
ability. Putting you at ease to say the very
least is the least they will do. I might be
overrating them, you would think, but
trust your instinct. Listen to your heart.
You have to give it a try. Heartbroken at
first you could have been, but you must
never let it stop you from being positive.
Keep on writing and reach the star; and
stay there as long as you want to. I know
what I am talking about. I am not drunk.
Never does. Really, this is not a true lie. I
was there. Again.
I think a lot about what drives people to
write. I used to think they must have been
born with the talent to write. Born with
the ability to appreciate the power of
words. To play and toy with them as they
please. They are so good in it that they
know how words can fire up the life in
you. And in doing so, lighting up the flame
of life in the others. They find solace in
words. For the others. For themselves.
But, it can’t be true in its entirety, can
it? Practice makes perfect, right? That’s
what teachers, coaches and parents tell
us all the time. Now, I am saying the same
to myself and you too.
So what kind of practice, Mr. Asri? Well,
they told me different things all the
many. But like always, I fail to recall
the many. But all those things share one
thing in common – passion. Passion, my
friend, passion. The passion to write is
not necessarily innate. It is necessarily
nurtured. Then, the passion to sit for
hours and hours, to come up with words
that would make the genetic make-up
of your articles and essays. They might
someday end up being the masterpiece of
the century. You never know.
So, my life, and sincerely yours too, here
in UiTM Dungun are braced by passion - the
running theme of this my very last piece.
Passion in things you do. Be passionate
about them. The next best thing that could
ever happen to you, before you know it,
you will find yourself laughing among and
with the stars.
Now is the time I shall say these words;
“Good Bye, Friends”. For not being a
wealthy, single, handsome and wild wild
west young man (and I don’t blame God
for this), there is only one thing I could
leave you behind with;
Passion, my friends, passion.
*Mr. Asri Salleh is currently on study leave
doing his PhD in UMS, Sabah.
ON PURCHASING
MOTOR INSURANCE
POLICY
Authors: Nabilah Abdul Shukur, Nur Hayati Abdul Rahman and Salwani Affandi
In the event of a minor road accident, the first thing
drivers tend to do is to get out of their cars and start
playing the ‘blame game’ since they are fear of losing
their no-claim discount (NCD). NCD is a ‘reward’ for
the driver who has somehow managed to maintain an
accident-free car. However, some people regards the
term NCD as NCB, no-claim-bonus. Unfortunately,when
it comes to claim, many drivers do not really understand
about their motor insurance policy that they purchased.
In this case, they started to blame the insurance company.
In order to avoid this situation, the drivers should bear in
mind on certain details that they should aware prior to
apply for a motor insurance policy.
The owner of a new car may not face any problems of
insurance cover since it is included in the car prices at
the time of purchase. However, the owner of a used car
needs to know that the insurance cover of the previous
owner is null and void. Even though the previous owner
claimed that the car has a legal ownership, the new
owner must re-check it at the Road Transport Department
(RTD). Owners who enjoy tinkering with their car engines
and modifying the power or performance need to disclose
these information to the insurance company. Failure to
provide material facts about the car (including previous
accidents) may result to a refusal of any claims made
to the insurance company. If this happens, the owner
will be liable since he breached one of the insurance
principles,Utmost Good Faith (UGF).
Furthermore, the insured value or so-called sum insured
is depends on the market value of a vehicle. Underinsurance or over-insurance can occur when this value is
not determined properly. By definition, under-insurance
happens when the value of sum insured is less than
the market value while the over-insurance is just the
opposite. Normally, the insurance company will only pay
out based on under-insurance value. One of the reasons
is to reduce the morale hazard among the drivers.
(Note: morale hazard and moral hazard are two different
things).
In January 2005, premium payments have been
modernised since the advent of the JPJ eINSURANS
system. Nevertheless, during that time, most of the
vehicle owners still preferred to pay the premium in
a “traditional” way. For an illustration of a traditional
method of payment, the premiums can be paid to
agents representing the insurance company or directly
to the company. Once the premium have been paid, the
insurance company is required to issue the insurance
policy within one month. In the case of a policy which
has not been received within a month, the vehicle
owners are advised to contact the insurance company. To
be frank, the chances of you paying too much on vehicle
insurance is there because you have to bear the cost for
an agent’s commission. It is a waste of money, isn’t it?
There is no reason in today’s technological age for
anyone to pay too much for motor insurance. The
Internet is an incredible tool that is available to most
of the people. There is no longer physical cover notes
and you can get all information about the policy details
from the RTD online. The payment can be made through
online banking, credit card or even cheque. As for our
information, the premiums for the insurance will be
reduced if no claim is made against the policy during
the preceding 12 months. But NCD entitlements depend
on the class of the vehicle and the number of years of
continuous driving experience without any claims made
against the policy.By doing eINSURANS, you can get 10%
discount plus 25% for NCD entitlement on the 1st year.
In total, you can get 35% discount rather than just 25%
discount if you delegate that task to the insurance agent.
At the same time, you can also adjust your coverage to
carry more risk, i.e. take a higher excesses. So, why do
we have to pay more since the choices and payment
methods are so easy as one, two, three!
Indirectly, the Internet can force insurance companies
to be more competitive. They will have to offer more
comprehensive packages at a lower rates and it benefits
us, the vehicle owners. So, shop around, research all the
discounts you qualify for, make the best choice and claim
them when it necessary!
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5
Oleh: Zaleha binti Khamis
Sikap-sikap
&
Sebagai Seorang Pelabur
Pelabur terdiri daripada manusia, yang kejadiannya
mempunyai empat elemen iaitu jasmani, intelek,
rohani dan emosi. Dalam keadaan pasaran saham
yang tidak stabil dan sukar diramal, pelabur
perlu bijak mengawal rohani dan emosi mereka.
Jika tidak, dikhuatiri pelabur akan mengambil
keputusan yang kurang tepat berkaitan dengan
pelaburannya.
Sebagai contoh, semasa krisis kewangan Asia
pada tahun 1997/98, ramai pelabur mengambil
keputusan tragis dengan membunuh diri sebagai
satu cara ‘menamatkan’ kesengsaraan yang mereka
alami akibat kegagalan dalam pelaburan di pasaran
saham. Ini jelas membuktikan jika pelabur gagal
mengawal emosi mereka, maka tindakan yang
diambil akan lebih membawa kepada keburukan.
Berikut disenaraikan empat sikap positif yang perlu
diamalkan oleh setiap pelabur, dan juga empat
sikap negatif yang perlu dihindari oleh mereka.
Empat sikap positif
1
2
Berwaspada
Pelabur yang bijak harus memiliki
keupayaan
‘memerhati’
perubahan
persekitaran. Ini bermaksud, selalulah
peka dengan berita-berita yang boleh
memberi kesan secara langsung atau
tidak langsung kepada ekonomi negara
mahupun global kerana pasaran saham
amat sensitif dengan keadaan ekonomi
semasa.
Kejujuran
Kejujuran merupakan satu elemen penting
dalam kehidupan. Bersikap jujurlah
dengan diri sendiri. Sebagai seorang
Muslim, sewajarnya pelabur tahu bahawa
mereka tidak boleh melabur dalam manamana pelaburan yang tidak diluluskan
Page
6
oleh syariah. Pelabur juga disaran supaya
jangan mengambil risiko yang tidak
mampu ditanggung oleh diri sendiri.
3
Keberanian
Diatas setiap keputusan yang diambil,
pelabur mesti mempunyai keberanian
menanggung akibatnya.
Pelabur juga
disyorkan memaafkan diri sendiri atas
kesilapan pelaburan lalu dan jadikan ia
pengalaman berguna untuk keputusan
seterusnya. Sekali gagal bukan bererti
gagal selama-lamanya. Sebab itu, jika
takut gagal ataupun sebagai permulaan,
pelabur digalakkan bermula dengan
pelaburan yang risikonya rendah seperti
melabur dalam unit amanah. Jika sudah
mempunyai
sedikit
keyakinan
dan
pengetahuan,
bolehlah
meneruskan
pembelian
dengan
bentuk-bentuk
pelaburan yang lain pula (membentuk
portfolio pelaburan).
4
Komitmen
Kesediaan melakukan apa yang perlu
dan betul bagi mencapai objektif yang
telah ditetapkan juga penting. Pelabur
dinasihatkan menilai semula semua
pelaburan yang dibuat untuk memastikan
objektif pelaburan tercapai. Pelabur
juga digalakkan menimba ilmu mengenai
pelaburan, bukan menyerahkan sematamata kepada agen pelaburan mereka.
Jangan hanya mengharapkan pasaran
akan berubah dengan sendirinya, pelabur
juga kena berbuat sesuatu.
Empat sikap negatif
1
Takut
Setiap
pelabur
harus
memahami
kenyataan bahawa setiap pelaburan
akan menghadapi risiko. Cuma tahap
risikonya adalah berbeza. Jika pulangan
yang diharapkan adalah lumayan, maka
risikonya juga adalah besar. Ini kerana
terdapat perhubungan positif antara
pulangan dan risiko. Seorang pelabur
yang bijak harus menjadikan kegagalan
lepas sebagai pengajaran yang berguna,
bukannya sebagai penamat segalagalanya.
2
Tamak
Pelabur juga dinasihatkan supaya tidak
mempunyai kemahuan yang berlebihan
untuk memperolehi lebih banyak
kekayaan dan kemewahan dengan cepat.
Pelabur perlu faham bahawa tidak
semua jenis pelaburan akan memberikan
pulangan dalam masa yang singkat.
Oleh itu, ketahulahi jenis pelaburan
yang sesuai dengan objektif dan pelan
pelaburan yang telah dirancang awal.
3
Keliru
Tidak dapat berfikir dengan jelas atau
tidak bertindak dengan rasional akan
menjejaskan nilai pelaburan seseorang
pelabur. Untuk itu, timbalah ilmu
pengetahuan
mengenai
pelaburan
atau bertanyalah kepada mereka
yang berpengalaman seperti remisier
atau wakil peniaga saham (dealer
representative) sebelum mengambil
keputusan melabur.
4
Terlebihyakin
Pelabur tidak harus mempunyai sikap
terlebihyakin iaitu merasakan diri
mereka lebih pandai daripada orang
lain. Pelabur yang bersikap begini lebih
berpotensi untuk melabur dengan aktif
tetapi kos pelaburan juga tinggi yang
mana boleh mengatasi pulangan yang
diperolehi.Akhirnya untung yang diharap
tetapi berakhir dengan kerugian.
Sememangnya perubahan dalam pasaran saham
sukar dijangka, tetapi sekurang-kurangnya, dengan
mengawal diri sendiri, adalah jalan yang terbaik.
Seperti kata-kata berikut:
“A person with a good self-discipline but a
poor trading method will outperform a person
with poor self-discipline but the best trading
method currently available .”
Larry Levine.
Overcome by
fear & regret
+
Unable to
face facts
Confidence without
complecence
+
+
+
Capitalizing on
success factors
Not recognising
mistakes
=
FAILURE
Careful without being
aggresive / taking
excessive risks
=
SUCCESS
(Dipetik dari: www.min.com.my)
Rujukan:
Gary S. (1998). Getting Started in Investing.
Retreived
from
http://finance.yahoo.com/
education
Gitman, L. J. and Jeohnk, M. D. (2008).
Fundamentals of Investing. Boston: Pearson
Addison Wesley Publication.
How to handle success and failure when investing.
Retreived from http: www.min.com.my
Investing Classroom - Overconfidence. Retrieved
from http://news.morningstar.com/classroom2/
course.asp
Larry Levine. A Secrets To: Emotions Free Trading.
Retrieved from http://www. bigmiketrading.com/
attachments
Mohd Nazri Khan Adam. (2006). Trading Psychology
and Money Management. Module presented at
SIDC-CPE Accredited Course, Kuala Lumpur.
Page
7
HRM
by: Sakinah Mat Zin and Noorazlina Ahmad
FROM A MOTIVATIONAL PERSPECTIVE
From a motivational perpective, people will be motivated
to execute at a higher level when given a chance to do
challenging, pleasant work and would put their fullest abilities
to perform such enjoyable work. Challenging jobs which
require skills and abilities would promise intrinsic benefits
to the workers (Appelbaum et al., 2000). Human Resource
Management (HRM) is actually designed to provide jobs
that are more satisfying and involve employees motivation.
It views humans as being motivated by an intricate set of
interrelated factors, such as money, need for affiliation, and
desire for meaningful work. Therefore, managers must make
an effort to formulate the job to, for instance, make it more
varied, autonomous, or allow decentralization and trust
(Mabey & Salaman, 1995). In instilling motivation, employers
must be able to utilise the workforce’s resources efficiently,
assist employees in the achievement of organizational and
individual goals, and encourage workers to participate in
decision making (Porter et al., 2003).
Motivation was a vital contemplation in the Maslow’s
Hierarchy of Needs, Alderfer’s ERG theory, and McClelland’s
Learned Needs theories. Nevertheless, the understanding
of motivation’s specific importance in the workplace was
highlighted by Frederick Herzberg who studied and practised
clinical psychology in Pittsburgh, where he researched
the work-related motivations of thousands of employees.
Herzberg’s Motivation-Hygiene Theory underlines the
factors that involve job content (motivation factors) tend
to motivate if they are present - such as achievement,
advancement, recognition and responsibility. While, factors
that involve job context (hygiene factors) can demotivate if
they are not present - such as supervision, physical working
conditions, company policy, salary, managerial style, and
relations with work colleagues (Porter et al 2003).
HR manager adopts the concept of motivation factors when
he or she makes work more rewarding or satisfying by
adding more meaningful tasks to an employee’s job as to
comply with the high motivational needs of employees (selffulfillment and self-esteem), while reaching long-term job
satisfaction and performance goals (Herzberg, 1968). The
thought of hygiene factors could also work well in HRM when
the manager gives attention to the discontentment of the
employees because of routine or boredom. He or she may
strive to attain a motivational atmosphere, for instance, by
initiating multi-tasking or transforming the conditions to the
betterment (Mabey and Salaman 1995).
Motivation can be viewed as the process of agitation,
orientating and maintaining of the human behavior toward
specific goals, based on three elements: need, action and
compensation. For the management of the company it is of
great importance to be able to recognize motivational profile
of their employees. Work productivity is directly related on
employees’ degree of motivation. Managers must realize the
needs and the motives of their employees and learn how
to fulfill them and consequently achieve maximal level of
employees’ motivation. Employees’ satisfaction is the only
Page
8
way for facilitating high level of productivity and employees
creativity at long range, thus lead to employees’ retention.
Retaining and attracting existed employees cost less than
acquiring new talents as organizations have already known
their employees and what they want. Employers attempt to
keep their workers from leaving or going to work for other
companies because of the great expenses related to recruiting
and retraining new employees. In doing so, they have to focus
on creating a proper surroundings in which employees, having
favourable perceptions of workplace practices, can extend
to the fullest potential. Failure to offer such an atmosphere
would theoretically result in employee disappointment and
could lead to poor performance, low job satisfaction, and
increased withdrawal from the organization. Employees with
strong organisational commitment and motivation would have
lower turnover or intention to leave (Porter & Steers 1973,
Allen & Meyer 1990).
Accordingly, companies have to develop sustainable HRM
practice to motivate employees to learn and to improve
their competitive advantages. Until recently, loyalty was
the cornerstone of that relationship. The loss of talented
employees may be very detrimental to the company’s
future success. Outstanding employees may leave an
organization because they become dissatisfied, under paid
or unmotivated. If an employee lacks skills, appropriate
training can be employed. If there is an environmental
problem, altering the environment to promote higher
performance is the key. However, if motivation is the
problem, the solution is more complex and more challenging.
For motivational problems, the best source of information
is the employee himself/herself. Employees must be asked
on a regular basis what sparks and sustains their desire to
work. Their responses may lead the employer to redesign
jobs, increase pay, change the working environment, or
give more credit for the work done.
Reference
Allen, N.J., & Meyer, J.P. (1990) “The Measurement and
Antecedents of Affective, Continuance and Normative
Commitment to the Organisation” in Journal of Occupational
Psychology 63(1), pp. 1–18
Appelbaum, E., Bailey, T., Berg, P. and Kalleberg, A. (2000)
“Manufacturing Advantage: Why High-Performance Systems Pay
Off” Ithaca, NY: ILR Press. In Boxall and Purcell (2003), Strategy
and Human Resource Management. Palgrave Macmillan
Herzberg, F. (1968) “One More Time: How Do You Motivate
Employees?”, Harvard Business Review, vol. 46, iss. 1, pp. 53–62
Mabey C, Salaman G, (1995) “Strategic Human Resource
Management” Blackwell
Porter L.W, Bigley G.A, Steers R.M, (2003) “Motivation and
Work Behavior” Seventh Edition, McGraw-Hill
Porter, L.W., & Steers, R.M. (1973) “Organisational,
Work and Personal Factors in Employee Turnover and
Absenteeism” Psychological Bulletin, 80(2), pp. 151–176
The New Epidemic:
Braggarts
(Braggart: A person who boasts about
their achievements or possessions)
by: Nurul Ulfa Abdul Aziz, Nur Hazwani Mohamad Roseli
and Yau’mee Hayati Hj Mohamed Yusof
Braggarts are a new epidemic that has evolved
tremendously where Internet has become the main tool
for spreading and encouraging our bragging affectation
effectively and frequently. The main reason why people
use the Internet is to be connected at all time with their
families, friends and co-worker despite the differences
location and the busy schedule that we committed in
life. Internet along with social media sites has made
the process of being connected easy and quick. These
social media like Tweeter, Facebook and Friendster
enable us to update information about ourselves not
just daily but by second. Detail information including
the picture and video of a scene could be shared and
spread effortlessly.
Facebook status updates like:
My husband is so romantic. Thank You Love for the
best gift ever ;)
My eldest son won a gold medal. Way to go just like
me in my school years. Like Father like Son ;p
Yahoo! got my bonus... Now is the time to do
shopping…Gucci here I come…
For those who visit Facebook regularly and are benign
reader, these statuses are just the typical status
updates, but my friends, this could be bragging. We are
so accustomed to this behaviour and without noticing
that at times it is bragging and could turn people
especially our families and friends off. This bragging has
become out of control and starting to be an epidemic
in the society.
Obviously boasting about oneself is not a new norm.
This custom existed before the social media has
been created. Commonly, neighbours competing with
neighbours while friends and families comparing each
other achievement and material earning. Those who
earn better and seem more successful will brag and
show their achievement. When other advised them to
not brag too much the reaction will be that other people
are jealous with their success. Hence, the existence of
social media has made this behaviour worsen with ease
as we can bombast to our families and friends daily. We
have become so familiar with this norm we feel that
sharing every detail of “good news” is not bragging. In
denial we say that it is not harmful but in reality it can
damage our relationship with others because people will
be irritated with too much detail of information about
our “success”.
Why do we keep up with this behaviour? According to
a study that is been conducted by Harvard University
neuroscientist, the reward areas of our brains, which
is the same area that respond to “primary rewards”
such as food and sex, are activated when we talk about
ourselves. Based on the study, we spend between 30%
to 40% of our conversation time talking about our life
(Bernstein, 2012).
Personally, we feel that posting status updates are not
wrong, sharing “good news” is one way of conveying
our gratitude. But there must be boundaries and
limitations in sharing all these updates. In Islam every
word and every action that we do must be done for a
good intention. We must distinguish between sharing
positive information that other wants to know and news
that is flat out crowing. Bragging involves comparing
whether stated or implied. According to Zaharuddin
Abd Rahman (2012), the tip for knowing the status that
you are updating is good and matured is by evaluating
whether the status is worth been read by thousand of
people including the Islamic scholar, rulers, youth and
the society as a whole. If you feel ashamed, fear and
have any negative feelings than it means that the status
is of less benefit. Fadhlina Sidek (2012) who is an NGO
activist and Shariah Law practitioner also reminded
that as an educated and well trained muslimah, we do
not have to be too excessive with romanticism status,
talking about how sweet and adorable our husband and
children are, discussing about our daily activity and
also showing how good we cooked dishes. Instead, she
recommended us to talk about building a better ummah
and the obstacles that our ummah and Islam are facing
as we are the mother to not just ordinary people, the
school prefect or the student leader but we gave birth to
the leaders of Islam, the caliphate.
Let’s prod our memory again, in Islam we are been asked
to be cautious and avoid ourselves from being “ujub”,
proud about ourselves. Zaharuddin Abd Rahman (2012)
an Islamic scholar in Malaysia has shared his concern on
this issues in his facebook status:
“Do not be ‘ujub’ proud about yourself, because this
feeling will reveal your weakness to others and the
weakness will remain invisible to you. Thus, when
you are excited exposing your “greatness” people
will be revolted towards you. O Allah protects us all
from being ujub.”
Another reminisces by Zaharuddin Abd Rahman (2012):
“Women love to be praised because of their beauty
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9
and splendour while man love showing their
success and achievement, both are being tested
by Allah. Therefore be aware and set limitations in
publishing picture and status about self beauty and
achievement. This is the basic ingredient for Satan
in putting and creating the riya’ and ujub feeling in
our heart. A reminder to myself and all.”
In a nutshell, we must be aware and always remind
ourselves the use of social media. It is the platform
to be connected with our families, friends and coworkers. Be careful and use it wisely, and let us be more
responsible and matured with every words, picture
and video that we share. Spreading good news to our
families and friends is not wrong but updating too much
detail information about the great things that happened
can create unwanted feeling in our relationship with
others.
References:
Berstein, E. (2012, August 14). Are We All Braggarts
Now?. The Wall Street Journal. Retrieved from http://
online.wsj.com/article/SB100008723963904441847045
77587091630924000.html
Hasrizal Abdul Jami. (2009, September 14) Antara Pro
dan Kontra Facebook, Message Posted to
http:// saifulislam.com/?p=6714
Zaharuddin Abd Rahman. (2010, May 4). Dosa-Dosa &
Facebook. Message Posted to http://zaharuddin.net/
senarai-lengkap-artikel/3/930-dosa-dosa-a-facebook.
html
Fadhlinasidek.sidek (2012, July 10) In facebook
{Personal Page]. Retrieved October, 1, 2012 From
https://www.facebook.com/#!/fadhlinasidek.sidek/
posts/4173437569891
Zaharuddinnet. (2012, April 3). In facebook [Fan
Page]. Retrieved October, 1, 2012. Fromhttps://www.
facebook.com/#!/permalink.php?story_fbid=10150622
754911576&id=226669856575
Patrons
YBhg. Assoc. Prof. Dr. Abdol Samad Nawi
Assoc. Prof. Dr. Baharom Abdul Rahman
Assoc. Prof. Dr. Mazidah Puteh
Advisors
Dr. Siti Haryati Shaikh Ali
Fathiyah Ismail
Siti Fatimah Mardiah Hamzah
Chief Editor
Azyanee Luqman
Editors
Sakinah Mat Zin
Wan Maziah Wan Ab. Razak
Nurmuslimah Kamilah Abdullah
A’tiqah Rashidah Abu Samah
Nurul Syuhada Baharuddin
Suhaily Maizan Abdul Manaf
Nur Hazwani Mohamad Roseli
Erratul Shela Eshak
Marha Abdol Ghapar
Hanani Ahmad Fuad
Nur Hayati Abd Rahman
Tismazammi Mustafa
Columnist
Asri Salleh
Layout & Graphics
Abdul Rani Jusoh
All articles should be sent to:
BiznewzEditor@tganu.uitm.edu.my
Zaharuddinnet. (2012, Januari 6). In facebook [Fan
Page]. Retrieved October, 1, 2012. From https://www.
facebook.com/permalink.php?story_fbid=10150449882
506576&id=226669856575
Zaharuddinnet. (2011, december 16). In facebook [Fan
Page]. Retrieved October, 1, 2012. From https://www.
facebook.com/#!/permalink.php?story_fbid=10150413
679476576&id=226669856575
Oxford Dictionaries. (n.d) Braggart. Retrieved from
http://oxforddictionaries.com/definition/english/
braggart?q=braggarts
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