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Names:
No
GROUP MEMBERS
MATRIC NO.
1.
161754
2.
161205
3.
160976
4.
161078
5.
161252
TABLE OF CONTENT
NO.
Title
Page
1.
Introduction
Executive Summary
3.
Environmental Analysis
SWOT Analysis
4.1 Strength
4.2 Weaknesses
4.3 Opportunities
4.4 Threats
5.
Marketing Objectives
11
6.
Marketing Strategies
12
7.
Product
Price
Promotion
Marketing Implementation
15
Cash Budget
17
9.
Conclusion
18
10.
Appendix
19
11.
References
22
1.0 INTRODUCTION
1.1 Business Profile
More than an inventor, Tan Sri Nik Syakir b. Hj. Jalalludin is a product guy and lives
for designing, developing, building, and launching new products into the world. Nik came up
with the Hydaway concept while traveling as a freelance product developer. Trying to stay
hydrated in different countries, climates, and elevations, while spending time both in business
meetings and in the mountains inspired this water bottle concept. I was looking for a durable,
stable, fully-functioning water bottle that collapsed enough to fit in my back pocket. I was really
surprised I couldnt find anything like the Hydaway bottle out there.
Niks expertise stems from almost twenty years in design, development, and management
of consumer products in multiple industries. His background in business has prepared him to
problem solve at all stages of the product launch process. On most days you can find Tan Sri Nik
in and around the high of mount Kinabalu at Malaysia, testing gear, brainstorming ideas, and
taking his family beyond their comfort level.
Have a look at our recent Kickstarter campaign for even more information about Tan Sri
Niks and the Hydaway Bottle adventure.
First of all our product is the first bottle that can be purify the any type of water
and compress the bottle into smallest state. It is very light to carry since it not
made with heavy material and water from river can be purifying to clean water.
Hydaway Bottle is made up of high quality plastic, so that, it is not easy to leak.
This bottle is also made up of plastic that is BPA free which is safe to use if the
bottle expose to heat.
4.2 Weakness:
Unfortunately, this product has some weaknesses. One of them is it cannot adapt
with the temperature above 95C. Even the bottle can fill up to 1L but we can
only fill the water to 850ml (maximum).
The water filters for this bottle have to change if it use many times.
4.3 Opportunity:
Since this bottle can be use in any situation, the government interested with our
product. For example, the government can distribute the Hydaway Bottle to the
disaster victims.
As a result, the government support our product and help us to produce Hydaway
Bottle by given us the cooperation in term of financial. We can make our product
in large scale since we have the cooperation from the government.
4.4 Threat:
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In order to reach the usage goals, the Project believes the following marketing objectives must be
achieved:
Improve brand awareness
Reduce costs
Hydaway Bottle is available for any hypermarket with more than a 10% global market share in
every year.
Hydaway Bottle must be available in every state used by more than 10% of athletes and
traveler users.
Hydaway Bottle must be available to 60% of athletes and traveler users for less than one hour's
local average wages.
Hydaway Bottle must be a component of every general purpose Al-Malik Sdn. Bhd distribution
In terms of the product acceptance curve, Hydaway Bottle users currently fall between the
innovators and early adopters.
By 2016, Hydaway Bottle must have broken through into the majority users in order to meet its
overall sales targets.
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6.0MARKETING STRATEGIES
6.1 Target Market
1. We use demographic as our marketing segmentation. We are focusing on the places
where there are many athletes gather such as sport center and sport shop.
2. We also use personality attributes as we focusing on all level of society without exception
which means everyone can afford and buy our product.
Product
1. Brand values: develop brand values. Hydaway Bottle has a very high quality
plastic that newest substance which is BPA free. It is also has newest technology
which is the bottle can be compressed and into smallest state. Inside the bottle has
filter tube when the bottle compress it will purify the water and it is safe to drinks.
2. Friendly: Hydaway Bottle is free from chemical reaction that the bottle can be use
many times. To support care about our lovely environment, we produce this
product based on eco-friendly material.
3. Quality: Hydaway Bottle consists of fully plastic-made that easy to carry, keep,
lift and lighter than other plastic brand.
4. Support: We support all the charity work that organizes by government and nongovernment organization.
5. Packaging: As mention before, about our product can be compressed so that we
only using a small box to pack our product.
6. Warranty: We give warranty to every product that we produce. One product has 1
year warranty if any damage that detected at our product. We also exchange the
broken product from customer to new product that they purchased.
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Price
1. Hydaway Bottle based price is RM 70 included water filter.
2. As our Hydaway Bottle has collaborated with government agencies, we sell our
product 30% lower than original price. It will attract more customers to buy
product.
3. Our company is to dominate about 45% market share in Malaysia. This main
objective to compete with other bottles companies.
4. For pricing method we use demand-based pricing. When demand is high, we
increase our products price about 7% bases on the based price. When demand is
weak, we decrease our product price about 5% bases on the based price.
5. We use periodic discounting as our pricing strategy. Before the monsoon season,
we sell our product at only 80% from original price. It will get attention from
customer that in east coast to buy our product to prepare from any disaster that
will come. In addition, during national sports day, we also reduce price about
30%.
Physical Distribution
1. Distributions through intermediaries In about 3 year we are aiming to achieve
commercialize our product wider by being a supplier to wholesaler and retailer.
Hydaway Bottle will be available in your everyday department store. To achieve
this, we are going to build a factory of Hydaway Bottle large enough to supply
1000 unit per day.
2. Direct selling from our place to customer In other word, customer can buy our
product directly from the company or through online order direct is very effective
because we can communicate and consult with our customer directly. In early
level, we need customer feedback so that we know which part exactly that we can
satisfy them more. In this level, the improvement of our product can be done in a
much more efficient ways as we do not have to wait the feedback from retailer
and wholesaler.
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Promotion
1. Online Advertisement The product will be promoted through the media like our
own website, Facebook page and Instagram Business. We also received order
from this online advertisement. The information exchange will be more sufficient
with this type of advertisement compare to the television and radio. We believe
that our customer can get in touch with us easier.
2. Advertising Media We also intend to use newspaper to advertise this Hydaway
Bottle. Newspaper one of the excellent tools because it is for one, inexpensive and
easily to get. Even, newspaper has a short life-span, it can reach all layer of
society which is accordance with our target group especially athlete and traveler.
Newspapers also leave a psychological impact no less than television.
3. Public Relation To introduce our Hydaway Bottle to people. We would like to
sponsor our product on any event that related to sport. Moreover,
during the
14
Vice President
Muhammad Affan B.
Abu Bakar
(Human Resources)
Vice President
Mohamad Amiru
Hanan Bin
Ismail
(Public Relation)
15
Vice President
Muhammad Alif
Adham B. Mohd
Sahet
(Finance)
Vice President
Muhammad
Zuhaidi B. Razali
(Sales Manager)
15 May 2016
1 June 2016
20 June 2016
3
4
5
6
ACTION
Apply for bank loan
File patents and filling documents
process
Register business as sole
proprietorship and organize the
structure process
Prepare the information about the
suppliers and open the account
Order the starting supplies and
equipment for the company
Installation of the equipment and
other preparation to the company
Preparation of advertisement,
brochures, and flyers about the
product
Launch official websites and online
accounts
Order the starting material to
produce Hydaway Bottle
Officially launches the product and
organize opening ceremony
Operate the business
PERSON IN CHARGE
Tan Sri Nik Syakir
Tan Sri Nik Syakir
Muhammad Affan
16
Muhammad Affan
Muhammad Alif
Adham
Muhammad Zuhaidi
Muhammad Amiru
Hanan
Muhammad Affan
Muhammad Alif
Adham
Tan Sri Nik Syakir
Muhammad Zuhaidi
19,500
Third
Quarter
(RM)
14,800
Fourth
Quarter
(RM)
10,700
45,000
10,000
11,000
12,000
12,500
45,500
30,000
-
25,000
30,000
25,000
40,000
30,500
26,800
48,200
145,500
15,000
4,000
10,000
4,000
10,000
4,000
10,000
4,000
45,000
16,000
1,200
300
300
1,200
200
700
1,200
200
700
1,200
400
1,700
4,800
1,100
Total
20,500
15,700
16,100
16,300
68,600
19,500
14,800
10,700
31,900
76,900
Beginning cash
balance
Cash and Sales
Collection
Loan from bank
Funds from
government
Total
Less payments:
Purchases
Wages &
Salaries
Maintenance
Rent
Other expenses
First
Quarter
(RM)
-
Second
Quarter (RM)
Total
(RM)
For the first quarter, owner of this company bring in capital RM 10,000 to start the
business. The owner also applies for bank loan RM 30,000 from Bank Islam. On the first three
months, the company purchased materials for making the bottles. Since this company has 4
workers and everyone paid RM1000 per month, so the company needs to pay RM 4000 every
month. Our company also rent a house shop RM 1,200 per month. Our company also pays for
the expenses such as printing, and others.
For the second quarter, we bring our capital from the first quarter. We manage to get
sales collection RM 11,000. On this quarter, we spend RM 10,000 on purchases the materials to
make the products.
Next, for the fourth quarter, our company got some funds from government RM 25,000.
Thus, this is our first year cash budget.
17
9.0 CONCLUSION
Nowadays, the fact that there are a lot of job opportunities undermined a several
Muslims about business is one of the Sunnah. It has been mentioned in Quran:
those who rehear the book of Allah, establish regular Prayer, and spend out of what we
have provided for them, secretly and openly, hope for a commerce that will never fail
(35:29)
O ye who believe! Shall i lead you to a bargain that will save you from a gracious
Penalty? That ye believe in Allah and His messenger, and that ye strive in the cause of
Allah with your property and your person: that will be best for you, if ye but
knew!(61:10-11)
Al Malik was started by a young Muslim with four staffs where they followed all of the
shariah compliances. From the management perspective, the business is applying ukhuwah
concept among the employees since it is required by Islam. In addition, during office hours,
when it come for prayers time the owner will stop business for a while and it compulsory for all
the workers to attend congregational prayers. This positive value can help to ensure the stability
of the business from the interior as well.
Al Malik produced a product with a good quality and halal which means it can be
consumed by Muslims without any hesitation. The product was made from the materials that
were guaranteed for its halal. As we Muslim are prohibited to use a bottle that contained any
Haram elements in it either physically or not. So, it is important for us to know the Halal Status
for the things that we use daily. The product also, has its own strength which is, can be
compressed that other brands does not have it and make it preferable for Muslims to buy the
product in the market.
18
10.0 APPENDIX
There are some examples our Hydaway Bottle.
19
20
The newest technology that we invented to traveler and athlete to stay hydrated. This filtration
technology when the bottle compress, the filter will compress too, then purify the water from
contaminated water to clean water that can be drinks by customer.
We use this basic filtration concept as our references to make our Hydaway Bottle more
attractive.
21
Reference
Pride, W.M.,Hughes, R.J.,& Kapoor, J.R. (2014). Using Management and Accounting
Information. Business, 12th Edition (pp. 487-496). South-Western/Cengage Learning.
Williams, C. (2012). Management, 7th Edition. South-Western/Cengage Learning.
Pride, W.M.,Hughes, R.J.,& Kapoor, J.R. (2014). Building Customer Relationship
Through Effective Marketing. Business, 12th Edition (pp. 331-343). SouthWestern/Cengage Learning.
Pride, W.M.,Hughes, R.J.,& Kapoor, J.R. (2014). Creating and Pricing Products that
Satisfy Customers. In Introduction of Business, 11th Edition (pp. 425-461) SouthWestern/Cengage Learning.
https://www.edrawsoft.com/functional-organizational-chart.php
http://www.ahrq.gov/research/findings/final-reports/ptflow/appendix-c.html
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