MYDIN.. I am coming!!

Mydin (broad cost - leadership)

why we need to pay more if we can pay less for the same product. Perhaps if you are really want to budget in buying everything why not you just shopping to Mydin.Mydin is the price leader by offered lower price but still care about the quality of the products Mydin offered in foods, household, soft-lines and hard-lines such as stationery, toys and others. Based on my simple research I was made, I think Mydin could be the low cost provider  by striving to achieve lower overall costs than rivals on products that attract a broad spectrum of buyers buy cutting all the cost as long as Mydin can. One of the way is by motivating employees through incentives and company culture. When I went to Mydin I can see many the employees of Mydin is a foreigner (Bangla) hehe..Mydin also train and treat their employees to be loyal until they can work for a long time, sale their own brand in products rather than sale import products and  offered customer to buy in bulk. So that is why Mydin can be the leader in this business among it rivals like Tesco, Giant and others.. Ok lets go to mydin now...hehe

SWOT analysis

Perhaps if you may know your business Strengths, Weaknesses, Opportunities and Threats you can run your business comfortably and generate higher profit. As long as we can notice our business strength we can come out with an excellent strategy and proposal in how to manage the business. By wondering our business weaknesses we can try to take any move to improve the weaknesses and by knowing our rivals we can take any opportunities from the competition occur in the business line and also by faster identifying of the business threats we can save our business from any accident, crash or others. SWOT analysis truly help everyone or business or company to manage or run or take an action in any decision making.

ATTENTION!!!!

Be aware guys, if you want to create new business or enter into the new market, please not just only focus on the capital, employees, raw materials sources and other internal factors... You also need to care about the external environment like the PESTEL and 5 FORCES to be evaluated in order to make decision whether to joint or enter in the market. Always bear in your mind every country have different  Political environment, Economic condition, Social culture, use different approach in Technology, Environmental forces and practice different Law and regulation. this is the the bindings between PESTELand 5 FORCES.

AlHAMDULILLAH....

I take it as a rewarded for all the struggle I am made before..huhu. Thank you so much to all my friend who are still by my side to support and show me the way to make the "mini zoo" came true, and our iCEPS - 9 was the BEST event of the year. hehe