Monday, February 22, 2016
Dreaming of reaching 'top' levels in the areas of your business interests, then how do you plan to face the competitors? Lets analyze it?
I remember reading the Japan Times about few weeks ago. One of the articles in the paper captured my attention and was about ‘the Ford Company deciding to withdraw its business from Japan and from Indonesia (?) due to the less profit that the company has earned in the countries mentioned, compared to before. The article was specifying the reasons; the local manufacturers or the competitors were one of the reasons for the Ford to stick to that decision.
The price ranges, the levels of affordability of the customers, how the product matches with the needs / requirements of the customers etc, I think are the basic factors that leads to ‘competition among/ between the manufactures. How they address or how they deal with such things is important for the sustainability of their businesses.
For local manufactures, other than the taxes etc. no other big issues prominent compared with the outside investors, The Ford in Japan kind of businesses and for them no additional expenses, if the product is manufactured locally. If the product is assembled here locally for instance the cost of importations saves within. So when deciding the Price of the product, the manufacturer or the company has the chance to price the product avoiding / excluding such expenses. Then the benefit goes to the customer.
Again what I have discussed above is just a single side of it. There are many very facets, reasons of withdrawing or sustaining businesses, though you see local manufactures doing the same business providing their customers ‘ a better service’
The facilities of the product, comfortness, the appearance of the product, perhaps are also deciding factors when it comes to businesses.
As we all know, the Ford is one of the oldest companies in the world and is still leading the business world in their specific sector of business though we see many companies arising day by day here and there of this world. Yes, the Japan too is a giant in most the business / enterprises that has everything to do with technology of today. So when Ford was thinking of establishing their business in Japan, I assume that they very well knew the competition before them. Withdrawing a business from its established premises isn’t a good solution to raise the profit / income, I like to believe. What if the Ford faces the same issue in another premises/ country that they are planning to be established their business, would they think of following the same strategy?
Yesterday, in Ceylon today, I read an article written on the subject ‘implementing housing projects in the Northern and the Eastern parts of the country, specifically mentioning two names of two big contractors (The Mittal and the Ceicil Balmond) that were submitted their proposals to the then government , I think awaiting / hoping to get the contract.
See the difference, though they belong to entirely different business fields (car manufacturing & Building buildings etc); the Ford is moving out of the Japan due to the competition arose within, from the local car manufacturing companies and the two famous entrepreneurs (Steel manufacturing; the Mittal company) foreign trying to get the contract in order to build the number of houses (65 , 000 houses within 6 years ) that required to be built in the mentioned districts. That is the nature of business and the ways of doing businesses. Who doesn’t want their business to be expanded? Who wants their businesses stagnant? They keep trying until they succeed. Nothing wrong in it.
Why, if possible, if we have the capacity, skills plus the knowledge, the government must give the contract to one of the local builders? What are the benefits we are getting by taking such decisions? If the contractors who have submitted their proposals are planning to be used ‘local labour’ for the project, what else is lacking with the local contractors? Is it the Skill what is lacking with local companies, or is it the capacity, the quality assurance, the Knowledgeable / experts on the subject, the Capital / the initial investment?
I am not writing this against any of the mentioned international companies, I am thinking of the possibilities of keeping our money within, without letting it moved to the other pockets.
How and why we should try to keep our money within the country is worth analyzing, I guess. When ever I see a huge building is building, most the names displayed were of the contractors either unfamiliar to me or foreign to me.
That is one thing, keeping the Rupees within. Other than that ………..
In order to develop any enterprise culture here, to promote and to improve local businesses, to provide them necessary, suitable environment for the local businesses in the country, you shouldn’t let the businesses go into the hands of the outsiders, to the other countries, other than expanding purposes.
No matter whether you made other agreements instead of ‘ETCA’ or establishing any other projects giving it a local name, I believe that we have the ‘knowledgeable’, right? What other ways you can think of building technological cooperation between the two countries, I do not know. If you hesitate to trust the experts or the knowledge locally have what technological improvement can be expected?
You need to take every action to keep the business within. If any business goes to any other person or to any other company, I doubt there is no assurance of returning it to your hand / place.
Once you made a deal with any person, you cannot say ‘you have no time to complete the businesses, full fill their requirement. You must delete the word sett ‘we have no time’ from your business vocabulary, if you are thinking of expanding and improving the business any further, you will become more and more engaged with your work , become busy. Therefore you need to find a solution to ‘manage your time’.
If you say you are ‘satisfied with what you have, then there is no chance for you to expand or improve your business, I believe. I think it is good to have a thirst to seek other options to improve it, sub areas that you can think of adding to the business you have implemented. ‘Satisfaction’ applies to the product you are dealing with, the service you provide for your clients / customers. In other words ‘customer satisfaction is very important than the satisfaction you will be earning at the end of every deal/ service, regarding the profit or the efforts you have invested.
According to what I think, it is little hard to find 100% satisfied customers or entrepreneurs. But, it is an advantage for an entrepreneur. Then the somewhat, 90% satisfied entrepreneur automatically tries to achieve the other 10% by trying to find ways to improve the business further.
Let’s try to improve a better enterprise culture within the country