Develop business strategy (16)
Mission Critical : Business Foresight
To play a game, you need participants, but to win it you need a plan, a game plan. The same could be said for business. In ever-changing business world, a plan is what makes or breaks the business. With a well-made plan, businesses can stay ahead of their competitor and vice versa. However, only having a good plan is not enough, seamless execution and deployment of the plan must go hand-in-hand. This is the story of a Malaysian-made company's journey in the strategic planning and deployment project and how it motivated them to be the best.
The Edge Malaysia, October 28, 2019 - The more diversified the company, the better
As the lingering geopolitical uncertainty and worries over slowing global growth continue to weigh on the markets, some investors are placing their bets on consumer staples as a safe haven. Consumer goods are often seen as sticky and, thus, maintaining fairly stable earnings growth.
The Importance of Having Key Strategic Partners
PLSB found that most successful businesses embrace partnerships in order to compete on a global scale. It was deemed as the most effective way to gain more customers, generate more revenue and penetrating new markets. PLSB chosen a few partners who are experts in their own field and delegated the task of product development to them to reduce the risks of mistakes during the inception phase. Consequently, the partnerships would contribute to higher business performance and better product innovation.
Langkawi Cable Car: Reaching for the Sky
“The cable car lengthy waiting time issue prompted PLSB to revise its business model in order to sustain the cable car operation. It was from there that PLSB decided to introduce boarding time system and diversify its product with a customer-centric approach, which led to the creation of a theme park with multiple attractions. The solution did not only resolve the lengthy waiting time issue, but also allowed PLSB to attract and retain more visitors thus generating a healthy revenue flow. The strategic partnerships have also contributed to the fast development of various attractions within the theme park. In its journey to provide its visitors with the best customer experience, PLSB included several attractions in a single package which gave the visitors plenty of things to do while waiting for their turn to ride the cable car.” Ir. Abu Hashim Abdul Rahman Acting Chief Operating Officer, Panorama Langkawi Sdn. Bhd.
Being a Leader by Evolving with I4.0 Technologies
“PSS is one of the leading local manufacturers that has successfully produced comprehensive packaging machinery in which 60% of our production output is in the export market. We constantly strive to fulfil our clients’ requests by continuously performing innovative upgrades in our packaging machinery. In doing so, not only we created a reputable image for PSS, but also establish strong credibility in our capabilities to deliver and exceed the clients’ expectations. We are also fortunate to have highly skilled engineers who managed to embed the I4.0 elements in our latest packaging machinery through their relentless effort in research and development.” Mr Mano Subramaniam, Managing Director, Packaging Sales and Service (M) Sdn. Bhd.
The Edge Malaysia, October 7, 2019 - Strategies for a disrupted and disruptive world
Today, businesses are either disrupting or being disrupted. So, they should review their strategies to ensure success, said Crowe Growth Consulting Sdn Bhd managing director Michael Lim in his presentation, titled "Transformers: Myths or reality? Navigating through today's disruptions",at the Edge-Digi forum on Digital Transformation : Myths, Reality and Relevance.
July 22, 2019, The Edge Malaysia - Three years to deliver Pos Malaysia turnaround
Transformation is not a new word for Pos Malaysia Sdn Bhd. The current turnaround plan, as the company reels from its first full-year loss in 11 years, will take three years. That is the assessment of group CEO Syed Md Najib Syed Md Noor, who assumed the post in October last year - the third CEO in four years.
July 15, 2019, The Edge Malaysia - GrabFood eyes a bigger bite of food delivery pie
Since it started operations two years ago, GrabFood has expanded to 204 cities from just two, and it now in six countries. "We're not slowing down and we actually see our growth to be exponential rather than linear. Food is a super high priority for Grab and it is an area of big growth for our overall business. The market is under-penetrated right now and it is among the business lines where we see one of the biggest opportunitiess for the next few years," Grabfood head Tomaso Rodriguez tells The Edge.
The Edge Malaysia - The Future Is Here (8 April 2019)
The state of Things (IoT) has been buzzword for many industries for almost a decade. Its adoption has passed the tipping point where it has not been a question of whether or not to implemet it. How far have industries globally adopted IoT and what kind of benefits adopters have seen on their businesses?
April 8, 2019, The Edge Malaysia - A Coconut Revival
It is time for the local coconut industry to shine, having been overshadowed by oil palm for decades, say industry observers. This is being driven by declining palm oilprices and rising demand for coconut-driven products.
March 25, 2019, The Edge Malaysia - Pentamaster Conserving Cash to Grow Smart Control Business
Penang-based technology firm Pentamaster Corp Bhd has been building a war chest since foating the shares of its 63%-owned automated solutions arm Pentamaster International Ltd (PIL) on the Main Board of the Hong Kong Exchanges and Clearing Ltd (HKEX) in January last year.
February 25, 2019, The Star - Revolutionising the road to success
In 2001, after the recession period, Tio was already a logistics specialist in the Korean segrnent following his successful joint venture with the Koreans in the late 90s. By then, PKT Logistics had already secured its position as a major competitor in the logistics field. Recognising automotive logisäcs as a niche market, Tio quickly moved to capitalise and diversify within the automotive logistics business into a huge supply chain, transforrning PKT into what it is today.
Catering a Condusive Work Environment
In line with the company aspiration in becoming a five-star caterer, Big Onion has taken its employees to several five-star hotels in the Klang Valley for familiarisation tours to learn how the patrons were served. By seeing it for themselves, they have an idea of what needed to be done to improve their services moving forward. Now Big Onion’s employees are outstanding in the food catering business.
What Seems Impossible Can Be Possible : A Diversified Engineering Solutions Provider
“Today we are well recognised by many entities in Penang and other countries. We started off solely as a semiconductor company and have branched out into aerospace and other industries. In fact, aerospace industry has contributed about 30% of business revenue on a yearly basis. The journey has been challenging but we have strived so far, and we believe we will strive further as we are unique in our own way,” said Terence Heng, the Vice President of Paradigm Precision Components.
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