Malaysian Small and Medium Enterprises Essay -- Small and Medium Enter

SMALL and medium enterprises (SMEs) are broadly defined as manufacturing, manufacturing-related run (MRS) and agro-based industries that employ around 200 full-time employees or have annual sales turnover of non more than RM50mil (Chermaine, 2013). Besides, the term also point to enterprises in the services, primary agriculture and information and communication technology industries with not more than 75 full-time employees or annual sales turnover of not more than RM20mil. According to the SME Annual Report 2012, small and medium enterprises represent 98.5% of the approximately 78,000 companies in Malaysia, with the remaining 1.5% made up of multinational and public-listed companies. In many developed nations, SMEs are thought to contribute between 40% and 60% to gross domestic product and 60% and 70% of the employment, but the SME sector in Malaysia has not defecateed the mark yet. The core purpose of Web services is to create an exchange of data and information between lineag ees in real time via the Internet, and and then can be shared with clients, suppliers and other business partners of all the information needed.It is resemblance of the business model for example e-commerce or e-business that required transaction, product catalogue, and so on between supplier, bon ton and customer. The complex e-commerce is becoming trend as Amazon.com and eBay started it to encourage other Website within other companies using it. From that, the growing of the new software, execute and features bequeath be invented. Furthermore, the rise and development of technology and communication by using the Web to conduct business is on the rise as well. Therefore, when use to any brass section that uses web services to automatically increase the value of the market, because right now, all the benefits of working on the line will help the company in its growthThere are some of those benefits that will increase the value of business. An easier and efficient e-business or e-commerce application is one of the benefit can be gained by the company which is the efficiency and the easy access of business will make business flowing good and flawless. In addition, the company or organization would be able to go in the spheric market. As the purpose of the company want to expand their businesses, this e-commerce will help the organization going orbicular business as the main function is online and everyone can buy it from their home as long as the customer meets the term and condition. Finally, invented the new way to do business, as this e-commerce will allow other business sector at all fields will do the same. From this, the growth of the economics and the customer will be enjoy of the variety of product that can be bought.There are a lot of benefits of Web services to Amazon, eBay and their developer partners. The first one is it allows an explosive business growth in globally because it is not only on domestic as Web services are invented for organi zation to go global market. This will encourage other organization will do the same method to increase their profit. Secondly, Web services help these companies to expand their market reach as promotional activities for customer to get to know the product. Target market reach will be able for the company to find their potential customer to buy their product. Thirdly, it will give users the ability to act on information any time, any place, and from any smart device. It covers up almost everything that is available t... ...e services providers begin and other competitor have no choice to lower their price in order to compete with U Mobile and it is long reckon to be spot on. Back to the topic, in Aroma Hijrah itself is the new entrant in the market. So far, NSK has to compete with new retailer which are more comfort station and cheap. The price wars and offering better product and services are needed. Thus, NSK came out with an idea to cover themselves from threat of new entrant. First of all, they provide a social rank cards that the customer can get 1 point in every Rm1 they spend. Once they collected at some limit, NSK will provide the customer with the special gifts and the membership also allows the customer to get member prices that is lower than non-member price. Also, NSK provide N-Card Kiosk in order to check and verify their cards and its collected points. Based from my observation, NSK tend to open their store nighest factory and industry location rather than open area for business, and this probably they want attract nearest people that do not want to go out the place to shopping. . It is cleared that, NSK and Econsave are ultimate rivalry based on their current business operation and profitable. However, only one company will always be a winner and NSK is capable on this competition as they brave overflowing to do a 24-hour store opened located in Selayang that could capture more customer nearby and during festive season. They also brave in issue some price of their products in order to attract the customers.Works CitedChermaine Poo (2013). Financing for SMEs. The Star Online. http//www.thestar.com.my/Business/SME/2013/09/27/Financing-for-SMEs/ Muhyiddin Yassin (2013). SMEs. Berita Harian Online. www.beritaharianonline.com