furniture shop
TRANSCRIPT
ENGLISH ii EFFECTIVE PUBLIC COMMUNICATION
A TALE OF TWO BUSINESSES – A COMPARATIVE
ANALYSIS OF 2 BUSINESSES OF SIMILAR INDUSTRY
IN DIFFERENT GEOGRAPHICAL LOCATIONS
Group Members
PANG KAI YUNSAM WEI YINNG HUOY MIINTRACE GEW YEELIEW POH KALEE KAILYNLEE SHZE HWAYEO KAI WEN
03198020320364031909703203690320424032027303200530319844
Undergone dynamic transformation
2,400 furniture companies
One of Malaysia’s biggest revenue earners
Offers a rich variety of options
Quality designs that suit the lifestyle and taste of different generations
Adopting green manufacturing methods
Incorporate sustainable and chemical free fabrics fibres
Penetrating high end applications
Trade in MAlaysia
Heng FurnishingFound in 1973 (42 years)
Founder Yeoh Hun Beng
Named after the owner
Demand from the locals
Passed his business to his son,
Yeoh Tze Xiang
DESCRIPTION• Home base• One branch• 4 employees (locals) • Opens daily from 9am to 9pm
Customers• People who live nearby• Average 30 customers in 1 day• Depends on festive seasons• Annual revenue figure of roughly
RM 800,000.00
Main product and services sold
• Ready made furniture• Interior decoration
• Monopolize the mattress because his father is interested in mattress
Future plan
The Curiousity Shop
No.134, Jalan Sungai Besi, 57100, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
Location
The Curiousity Shop Founded in 2005 (10
years)
Founder Danny Ho and his co-partner
Started this business with their hobby
Name the shop as ''The Curiousity Shop'' because they want the customer to be surprise when they walk into the shop. When there is
a “surprise”, they will be “curious”
DESCRIPTION
• Commercial base• One branch• 2 employees (locals)• Warehouse (Sungai Besi)• Opens from 10am to 10pm daily
Customer• Regular customers• Designer, developers and
restaurants owner• Depends on festive seasons• Break-even condition
Main product and services sold
• Vintage furniture• Decorative objects, lighting, collectable
item, painting and fabric• Provide different services to their
customers such as restoration, recreate, redesign, interior design, mass production, rental and consignment
Future plan• Hope to build a better and stronger
team
Heng Furnishing
Kingkoil Corporation Sdn Bhd
• Incorporate in 1983• The leading
manufacturer and supplier of high quality sleep related products in Malaysia
• Services a network of over 2,000 furniture dealers, interior decorators, hospitals, hostels and hotel chains in addition to the export market
VS
Newton Furnishing & Interior
• Located in Jalan Air Itam
• Produced office furniture
• Services include furniture dealers and retail
Heng FurnishingVS
Dekea Furniture Design Centre
• Located in Jalan Air Itam
• Modern furniture and provide interior design
Heng FurnishingVS
PricingService and
product different
❖ Reasonable and affordable
❖ Provides standard service that every furniture shop has such as delivery service
❖ Provide interior design for customers
Strategy Employed
Strategy Employed
Quality of Service
Advertising
❖ Provides very good quality service
❖ Owner very friendly❖ Workers will
communicate with customers and understand their needs and provide advices for customer
❖ Facebook page and official website
❖ Overview of the company
❖ Description of their product
The Curiousity Shop
Stanzo Collection
• “Stanzo” is an Italian term, which literally means “rooms”
• Retailer• Scandinavian
design and Zen style furniture
• Contemporary lighting
VS
Harvey Norman
• Australia company• A giant provider of
a wide range of Electrical, Computers, Furniture and Bedding products
• Prominent international presence
• Stresses on 4-in-1 concept
The Curiousity Shop VS
Stoolicious
• Located at the lower ground floor of 1 Mont Kiara
• Sells all sort of colourful stool, from adult stools to baby stools
• Baby chair, coffee table, trolley and corner rack
The Curiousity Shop VS
PricingService and
product different
❖ Reasonable comparing to others furniture shop that sell vintage furniture
❖ Provides a lot of service such as as restoration recreate, redesign, interior design, mass production, rental and consignment to customers
❖ Decorative objects, lighting, collectable item, painting and fabric
Strategy Employed
Strategy Employed
Quality of Service
Advertising
❖ Provides excellent quality service. The owner and his partner treat their customer with respect with interacting with them in a friendly way
❖ Listen and understand what their customers want and need
❖ Facebook page and official website
❖ Uses facebook to interact with their followers. They will create special events and limited-time promotions and invite their followers, and it helps them to grow their fan base
DifferenceHeng Furnishing Differences The Curiousity Shop
1973 When it was founded 2005
Yeoh Hun Beng Founder Danny Ho
1 Number of Founder 2
Demand of localWhat prompted to start
this businessHobby
Heng Furnishing is located in a double storey
building at Jalan Ayer Itam, Penang
Location
The Curiousity Shop is located in a commercial building at Mont Kiara,
Kuala Lumpur
Eight hundred thousandRM 800 000
Annual Revenue Figure Break even
Heng Furnishing Differences The Curiousity Shop
0Number ofwarehouse
1, at Sungai Besi near HELP University
4 Number of employees 2
Around 30 Number of customer -
People live nearbyWho are the customers
Designer, developers and restaurants owner
6 Number of competitor 3
9am-9pm Business Hour 9am-7pm
Difference
Heng Furnishing Differences The Curiousity Shop
Mattress Future Plan Build a strong team
Modern furniture Type of Product
Vintage furniture, decorative objects, lighting, collectable item, painting and
fabric
Services and quality StrategyDifferent product and
services
Home base Business Operation Commercial
Difference
Similarity
Heng Furnishing Similarities The Curiosity Shop
0 Number of branches 0
Furniture Main Product Sold Furniture
Lead by the owner Leader Lead by the owner
Depends on season Best Seller Depends on season
CONCLUSION
Heng Furnishing more commercially successful• Established earlier• Long-term customers who live nearby• Sell modern furniture• Longer business hour• Pricing is reasonable
Nature of the MarketPerfect competitive • No barriers to entry• New firms can enter and exit the
market freely• No pricing power
Heng Furnishing
•Provide private parking for the customers
- No parking at the roadside- Parking in front of the shop is
always full- Prepare private parking
- Walkway is very narrow the shop is full of furniture
- The shops look very messy because there is too many furniture inside and it is not organize
- The signboard of the shop is quite small and hardly visible
- Expand their shop so they can display their
furniture neat and tidy
Heng Furnishing•Expand their shop
The Curiousity Shop
•Do more advertising about the shop.
- Located at a corner inside of the highest floor of the shopping mall
- Exposure of the shop is very low
- Lack of advertisement and publicity
- Very few people in the shopping mall
- Advertising and publicity can be taken another further step through mass media such as newspaper and television
The Curiousity Shop•Rearrange all product based
on categories.- Does not arrange their furniture
properly- Looks very messy and unorganized- Hard for the customers that are
searching for the specific category- Arrange all the products based on
categories.- This will make the shop look tidy and
neat- Easier for the customer to search the
products they are looking for
Reference• N.Gregory, M, (2007), 14, In Principle Of
Economics (4th ed.,pp. 289-309). Thomson higher education.
• Manser, J. (1994). 9. In Economics: A foundation course for the built environment (pp. 84-86). London: E & FN Spon
• MARADE. (n.d.). Furniture. Retrieved from http://www.matrade.gov.my/en/foriegn-buyers-section/69-industry-write-up--products/621-furniture. Accessed on 14 May 2015.
• Aronson, J. (1965). The encyclopedia of furniture (3rd ed.). New York: Crown.
•Hiew, J., & Yap, J. (2008). INTERIOR SPACE. MY HOME INTERIOR AND IDEAS.
• Tang, T. (2011, May 1). Nature comes home (D. Tan, Ed.). Eco Chic, 58-87.
• The 73 by Heng Furnishing. (n.d.). Retrieved from http://www.the73.com/content/home/index/site:the73-link:1427. Accessed on 29 April 2015.
Reference• Morley, J. (1999). A history of furniture (1st ed.).
Bulfinch Press.•Furniture Design History. (n.d.). Retrieved May 30, 2015, from http://www.onlinedesignteacher.com/furniture_design/furniture_design%20history.html
• The 73 by Heng Furnishing. (n.d.). Retrieved from http://www.the73.com/content/home/index/site:the73-link:1427. Accessed on 29 April 2015.
• The Curiosity Shop. (n.d.). Retrieved from http://thecuriousitygallery.blogspot.com/. Accessed on 10 May 2015.
• D.Ho (Personal communication, May 13, 2015)• TX.Yeoh (Personal communication, May 2, 2015)