Beruflich Dokumente
Kultur Dokumente
Adele Lu
Chloe Teh
Dana Kan
Danica Gan
Phares Phung
Interviewer, Recommendation
Shum Li Sze
TABLE OF CONTENTS
Title
Page
Numbers
Cover Page
Table of Contents
Key Summary
6
6
7-8
9
10
10
10
11
12
13
14
15
8.0 Recommendation
16
9.0 Biblography
Appendices
Appendix 1: Transcript with Answers
Appendix 2: Photos
Appendix 3: Meeting minutes
References
17
18-25
26
KEY SUMMARY
To deepen our understanding towards our local sundry shop businesses, as
a team we researched and interviewed 2 businesses of similar industry in
different geographical locations.
Perniagaan Lee Min has been operating for 30 years. Now this family
business is run by thesecond generation. It is located at No.20, Jalan Kinrara,
Puchong Selangor. It has also been the favourites of many throughout the areas
since it began operating 30 years ago due to its traditional medicine that they
provided to the customers.
On the other hand, KwongTuck Sundries & Liquors Sdn.Bhd was founded
by the owner, Mr. Woos great-grandfather since over 170 years ago. It is a
traditional sundry shop in the streets of Georgetown,Penang. Now Mr.Woo is the
fourth generation in his family to run this business. Their name, comes from a
combination for the first character from his great-grandfather's hometown
(Kwangtung or Canton) and another character,dein Mandarin andtuckin
Cantonese, which means 'virtue' or 'moral character'.
When these two businesses are compared, the differences in
environment and other external factors lead to different business outcomes
which leads to a series of analytical research that we, as a team had done.
They provide their customers with fresh sundry items and allow them to select
on their own.
In addition, he reminded us that doing business is a life-long learning; the
businessman has to keep learning how to improve his business daily. One has to
learn to adapt to the changes and challenges that come. To be successful in
business is different from acquiring a skill. He further advised that in business,
one should not say Business is difficult or easy. but Let the business
environment shape ones business tactics.
On the other hand, his elder brother stated that in order for the business
to improve further, one would require a workforce which has a masters degree
in business. He then said it was difficult to start this type of business. He
stated that by not competing with others is a very commendable practice in
business but to improve one business and his shop has been opened for over a
century. He further said that at the present day, it requires roughly about 1.5
million to start this type of business. When he was asked whether he would
recommend us to venture into this retailing business, he said that this is a free
world and one can join in any business as long as we are dare to face
challenges and be proactive to be successful.
i. Number of
Competitors
ii. Barrier to
Entry
iii. Variety /
Uniqueness of
Products
Standardised traditional
product.
v. Special Traits
Traditional, Down-to-Earth.
vi. Competition
type
Monopolistic Competition
Monopolistic Competition
Similarities
Number of Branches
Main Product
Prompt of business
Home based
Business Operation
Home based
Future Plans
Pass on to next
generations.
Down to Earth.
Traditional.
Strategy
Differences
2nd Generation
Generation of Owner
4th Generation
2 employees
Workforce
5 employees
100-200
Number of customers
60-100
Competitors
(Selangor)
(Selangor)
Selangor
Location
Penang
Commercialization
As for traditional sundry shops, most of them have turned into commercialized
sundry shops such as opening franchise and branches. They upgraded their
premises by furnishing and adding air conditioners to attract more customers.
Sundry shops with several branches holding in hand will slightly lower down
their pricing to attract more customers and maintain the profit margin by
increasing sales. Some customers will tend to think that commercialized sundry
shops are more professional in terms of giving advices compare to traditional
sundry shops.
Financial Issues
As confronted my numerous new sundry shop owners, a start-up capital is not a
simple stuff to get onto their hands. To start up a new sundry shop business,
the budget is tight as they have to consider about the cost of goods, rental,
employees salary and furniture. Usually, during the initial stage of starting a
sundry shop business, the owner will not gain profit to cover the starting cost
as goods sold at sundry shops are not fast-selling products.
8.0 RECOMMENDATIONS
Systematize
For both businesses, they should systemize themselves. Systems are the
structure around which the other parts of our work are framed and without
them, there would be chaos. In other words, an application of a system is to
ensure that the business runs smoothly with good coordination and to avoid
occurrence of errors. But you need to have the right systems. Sloppy, flabby or
silly systems can damage an otherwise beautiful organisation. Specific systems
should be applied to specific departments such as logistics, purchasing,
accounting, and stock-checking.
Up to date
Technology is highly popularised in the current modern era. It is important to
make good use of technology as it cuts down cost and reduce workloads.
Technology cuts down costs in terms of advertising. Instead of promoting
through newspapers and magazines, social media is a good choice as it has
enormous users and it is free. Besides, it is easier to perform accountings and
other works by using computer because it is time and cost saving.
Increase variety
In order to increase the number of customers, one of the ways is to increase
the variety of goods to be sold in the sundry shop. Customers will be pleased to
spend in sundry shops which have more choices and compare their prices. Apart
of selling traditional sundry goods, it is advisable to sell other groceries such as
liquors, herbs, medicine others. By doing this, it will not only attract customers
who want to buy dry goods from the sundry shop but other goods provided from
the variety.
BIBLIOGRAPHY
Cohen, W. (2005). The Marketing Plan (5th ed., p. 37). John Wiley & Sons.
APPENDICES
APPENDIX 1
Transcript with answers (Perniagaan Lee Min):
1. Q: How long has it been since this company was established?
A: It has been about 30 years now.
2. Q: Who is the key founder of this company?
A: My father was the founder.
3. Q: How many generations have this company been running for?
A: Two generations, I am the second generation.
4. Q: What prompted you to start your business?
A: Im not sure because my dad was the one who started this business.
5. Q: How many workers do you have?
A: I only have two workers.
6. Q: Do you have any branch stores?
A: No, we do not have any other stores besides this one.
7. Q: What are your main products?
A: Herbs and liquors.
8. Q: Where do you get your products from? Do you import any of them?
A: No, all our products are purchased locally.
9. Q: Who are your main customers? Are they mainly senior citizens?
A: My customers come from different places and are of different ages.
10.Q: What is the average amount of customers you have a day?
A: It ranges from about 100 to 200 people per day.
11.Q: What are the most recent developments?
A: We did not make many changes as we wanted to maintain the traditional
form of the
business.
12.Q: What are the changes that have occurred in this business over the past 3 to
5 years?
A: I guess not. We want this business to remain traditional.
APPENDIX 2
Following are photos and documents taken during interviews.
PERNIAGAAN LEE MIN
APPENDIX 3
Minute 1
DATE
TIME
2 PM to 4 PM
VENUE
GROUP MEMBERS
TUTORIAL GROUP
Adele Lu
Wednesday
Chloe Teh
Thursday
Dana Kan
Thursday
Danica Gan
Thursday
Phares Phung
Thursday
Thursday
Shum Li Sze
Wednesday
No.
ACTIVITY
ACTIONS TAKEN
BY
1.
All members
2.
All members
3.
All members
4.
All members
Minute 2
DATE
TIME
12 PM to 2 PM
VENUE
GROUP MEMBERS
TUTORIAL GROUP
Adele Lu
Wednesday
Chloe Teh
Thursday
Dana Kan
Thursday
Danica Gan
Thursday
Phares Phung
Thursday
Thursday
Shum Li Sze
Wednesday
No.
ACTIVITY
ACTIONS TAKEN
BY
1.
All members
2.
All members
Minute 3
DATE
TIME
10 AM to 7 PM
VENUE
GROUP MEMBERS
TUTORIAL GROUP
Adele Lu
Wednesday
Chloe Teh
Thursday
Dana Kan
Thursday
Danica Gan
Thursday
Phares Phung
Thursday
Thursday
Shum Li Sze
Wednesday
No.
ACTIVITY
ACTIONS TAKEN
BY
1.
All members
2.
All members
3.
All members
4.
All members
5.
All members
6.
All members
References
Cohen, W. (2005). The Marketing Plan (5th ed., p. 37). John Wiley & Sons.
EatingAsia. (2009, June 29). Retrieved January 9, 2016, from http://
eatingasia.typepad.com/eatingasia/2009/06/kwongtuck-sundries.html
Personal Interview
Structure: Shum Li Sze (6th January 2016) Personal Interview