Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102 Lecturer : Mr. Adlin Bj TYRE SDN BHD Prepared by: Team Leader Student ID Program Team Member No.1 Muhamad Dhiya Urrahman Bin Mohamed Damiat 50248210593 MTM Team Member No.2 Mohamad Syafiq Syazani bin Halim 50249209331 WQI Team Member No.3 Muhammad Hafizuddin bin Md Nasir 50248210001 MTM Team Member No.4 Muhammad Farez Azmiza bin Ahmad Zaki 50248111365 MTM Team Member No.5 Syed Mohamad Azizul Nazri bin Syed Hisamuddin 50249209340 WQI 1
Transcript
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
Bj TYRE SDN BHD
Prepared by:
Team Leader Student ID Program
Team Member No.1
Muhamad Dhiya Urrahman Bin Mohamed Damiat
50248210593 MTM
Team Member No.2
Mohamad Syafiq Syazani bin Halim 50249209331 WQI
Team Member No.3
Muhammad Hafizuddin bin Md Nasir
50248210001 MTM
Team Member No.4
Muhammad Farez Azmiza bin Ahmad Zaki
50248111365 MTM
Team Member No.5
Syed Mohamad Azizul Nazri bin Syed Hisamuddin
50249209340 WQI
1
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
TABLE OF CONTENT
1.0 EXECUTIVE SUMMARY……………………………………………… 3
2.0 BUSINESS DESCRIPTION……………..………………………..……
2.1 Company Background……………….…………………………...……
2.2 Industry Background……………………………………………………
2.3 Business Goals and Potential…………………………………………
2.4 Uniqueness of Product / Service / Technology………………..……
1.0 EXECUTIVE SUMMARYOur company name is Bj Tyre SDN BHD. ‘Bj’ means brilliant job. We took this name because we think that we had done the brilliant action that introduce to our nation the brand new type of tyre that need no air pressure to perform. We call it non-pneumatic tyre (NPT). NPT has been introduced to world in early 21st century and widely used in US.US army use this NPT for its hummer to battlefield. In Malaysia, there are a lot of tyre manufacturer that were established since decade ago. We are used to black, thick, and fill with air tyre. The scene that a girl that try to be helped by man by road side, someone that get sweat try to change their car tyre, accident cause by over pressure tyre and exploding tyre, that are not rare stories anymore.Because of that, Bj Tyre Sdn Bhd feel responsible to change the scariest thing that might happened when using normal pneumatic tyre. We are introducing this NPT to Malaysian people also Asia. We are targeting to manufacture and supply NPT for use as a spare tyre. NPT are
3
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
also suitable to use in extreme conditions like off road or in high speed. Nowadays, ATV productions are increasing, and this is also our opportunity to sell our product. Other than be as a spare tyre for common vehicle on the road, NPT also can be use as ATV tyre and in some place, they can use NPT on their tractor and also forklift in factory.
2.0 BUSINESS DESCRIPTION
2.1 Company Background
Name of the company : Bj Tyre Sdn. Bhd.Address : No 8,Jalan Industri Putra 1,
Presint 14, 62050 Putrajaya, Federal Territory of Putrajaya
Form of business : Private Limited Company, Local Based CompanyMain activity (s) : Manufacturing Non-pneumatic tyre.Date and number of registration : This Company was registered on 13 January 2011.
: Company number is 236132-A.
Initial (own) capital/ Equity contribution:
Name of bank : Malayan Banking Berhad (Maybank) 44th Floor, Menara Maybank,
100 Jalan Tun Perak, 50050 Kuala Lumpur.
Bank account number : 14081204891058
4
Name of shareholders Equity contributionsMohamad Dhiya Urrahman RM 20,000
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
SHAREHOLDER 1
Name : Mohamad Dhiya Urrahman Identity Card Number : 731220-06-5233Permanent Adress : No 279 Felda Jengka 21, 26400 Bandar Jengka, Pahang.Correspondence Address : No 9, Jln 4/ 5 H, Seksyen 4, Bandar Baru Bangi, 43650,
Selangor. Telephone Number : 013-6721889Date of Birth : 20 Dec 1973Age : 36 years oldMarital Status : MarriedAcademic Qualification :Masters of Business Administration, 2001.
Bachelor of Business Administration, 1999Dip. In Business Studies, 1996
Skills : AutoCAD, Solid Work, Microsoft Office Word, Excel and Power Point.
Experience : 2005-2009 HR Manager, Dunlop Company Sdn Bhd,Shah Alam, Selangor. 2000-2005 Assistant HR Manager, Continental Sdn Bhd, Shah Alam, Selangor.
Current Job/Position : Chairman Of Bj Tyre Sdn Bhd
SHAREHOLDERS 2
Name : Muhammad Hafizuddin b Md NasirIdentity card number : 750324 – 06 – 3455Permanent address : No 5, Jalan Hang Tuah, Bukit Jambul, 77000 Melaka.
Current job/position : Finance Manager, Bj Tyre Sdn Bhd.
SHAREHOLDER 3
Name : Muhammad Farez Azmiza b Ahmad ZakiIdentity card number : 770706-08-6843Permanent address : No.39 Jln Melati, Kg Melayu,
32040 Seri Manjung Perak Darul Ridzuan
Correspondence address : No 3-4-12, Villa Ampang Jaya, 68000, Ampang, KL.Telephone number : 0195768224Date of birth : 6 July 1977Age : 32 years oldMarital status : Married
Academic qualification : Bachelor of Mechanical Engineering Technology (Manufacturing)
Diploma In Mecahnical Engineering.
Skills : Software Packages: Microsoft Office 2007, (Word, Excel, Power Point, Outlook) TEKLA software, Solid Work, AutoCAD Basic computer technical skills
Current job/position : R&D Manager, Bj Tyre Sdn Bhd.
SHAREHOLDER 4
Name : Mohammad Syafiq Syazani b HalimIdentity card number : 751608-11-5023Permanent address : No 3, Taman Ria, Sg Petani, 08000, Kedah.Correspondence address : No 4, Jln 4/2, Setapak Jaya, 53300, Kuala Lumpur.Telephone number : 0132042307Date of birth : 16 August 1975Age : 34 years oldMarital status : MarriedAcademic qualification : Bachelor of Mechanical Engineering, ( Biochemical)
6
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
Diploma In Mecahnical Engineering.
Skills : Software Packages: Microsoft Office 2007, (Word, Excel,Power Point, Outlook), Basic computer technical skills
Experiences:
2005 - 2010 Mechanical Engineer, Sony Malaysia, Bangi.2003 - 2005 Coordinator (Operation Department), Shell Malaysia, Port Dickson,
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
2.2 Industry Background
Tyre industry had been so famous since 1880’s after John Boyd Dunlop first create a pneumatic tyre works by air. Decades after, tyre industry comes with a lot of tyre manufacturer that compete each other. And now, starting by early 21st century, US comes with non-pneumatic tyre and it become famous nowadays.
2.3 Business Goals and PotentialWe want to be the number one non-pneumatic tyre manufacturer in Malaysia and Asia. We have great potential to be the number one because there is no other company that manufactured this type of tyre in Malaysia. This is a good chance for us to grab and this kind of tyre are still new in this vehicle industry.
2.4 Uniqueness of Product / Service / TechnologyThis tire can be a direct replacement for the standard tires currently used in “extreme” situations. Amazingly, the tire could still perform its normal function at highway speeds of 75 MPH. It’s a tire solution to prevent standard tire failures caused by punctures, ballistics, or road conditions. Other than that, it is bulletproof.
2.5 Long Term GoalsThe increasing of vehicles business in the world, we hope that this is the good opportunity to us to expand our business to other countries. We are trying to set up a business site in Indonesia in future. We are trying to be the number one non-pneumatic tyres manufacturer in Asia.
3.0 INDUSTRY ANALYSIS
3.1 Target marketWe from BJ tires sdn bhd target the company that involved in manufacturing and supply tires. Furthermore, we will keep focus on the company that have a good track record, well established and company that involved in a big project.
1. Continental Sime Tyre Sdn Bhd (CST)2. Michelin Malaysia Sdn Bhd3. Dunlop Sdn Bhd4. Goodyear Sdn Bhd5. Proton Holdings Bhd6. Perusahaan Otomobil Kedua Sdn Bhd (PERODUA)
3.2 Market size
With reference from PROTON and PERODUA the total of car production company growth rate are around 8000 car per month or 70% growth rate. In Selangor and Malaysia these business in a good market range to offer a non-pneumatic tyre supplier and services. It is because we have two national car manufactured company in Selangor and we are the only company that produce non-pneumatic tyre. Normally the manufacturing tyre field spend RM6000 per month to utilize the production and management.
Population = 150 companies
8
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
Target market = 70% x 150 companies= 105 companies
Market size = 105 companies x RM 72000/year= RM 7,560,000.00/ year
3.3 Competition
Competitors Strength Weakness
Continental Sime Tyre Sdn Bhd (CST)
High technology equipment used. Specialist in spare tyre for car.
Price is high
Michelin Malaysia Sdn Bhd
It is one of the two largest tyre manufacturers in the world along with Bridgestone.
Price is high
Dunlop Sdn Bhd has extensive manufacturing
operations throughout the world . price is cheap but the
quality of the tyre is not so good.
Goodyear Sdn Bhd manufactures tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, and heavy earth-mover machinery. .
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
Total 100% RM 7,560,000
Market share before entry of BJ tyre Sdn. Bhd.
Competitors Market Share Services
Continental Sime Tyre Sdn Bhd (CST)
29% RM 2,192,400
Michelin Malaysia Sdn Bhd 19% RM 1,436,400
Dunlop Sdn Bhd 11% RM 831,600
Goodyear Sdn Bhd 9% RM 680,400
BJ Tyres Sdn. Bhd. 32% RM 2,419,200
Total 100% RM 7,560,000
Adjusted market share after entry of BJ Tyre Sdn. Bhd.
10
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
3.5 Strength and Weaknesses or SWOT Analysis
StrengthBJ Tyre Sdn Bhd is a manufacturer of non-pneumatic tyre. This product is a new
revolution of tyre that has been use on the vehicles nowadays. It principally a tyre that does not supported by air pressure. Usually this tyre is used on some small vehicles as a main tyre but we design this non pneumatic tyre especially for spare usage where puncture tyre likely.
The main point we choose to produce this tyre for spare usage is this tyre cannot go flat but they are far less common than airfilled tyre. So, from this function we identify that the non pneumatic tyre is very convenience for spare tyre usage. If we use the pneumatic tyre as a spare, the probability for the spare tyre become puncture is higher because for sure we will never check the air pressure in the spare tyre except the main tyre is flat. Unluckily, if the spare tyre also flat it will become worst. So with the non pneumatic tyre there is no worry about the probability of spare tyre flat and this tyre have a long lasting rather than air pressure tyre.
This comprehensive SWOT profile of BJ Tyre provides you with a good business plan and analysis of the company's operations. The profile that we create will give the consumer a clear and strong view of the company strengths and weakness. This profile will help customer to formulate the strategies that have been use by us for our improvement time to time and become successful.
Last but not least we have make sure that our company location situated nearest the main road and industrial are so that our customer can easily find our company by not giving any on them.
WeaknessBJ Tyre weaknesses are a lack of staff because we are new in this sector, so that our
permanent staff might have to 2 times harder than usual to ensure there is no problem occur either production or management. So for the starting this is the biggest weakness of our company, eventhough we will make sure that our company weakness problem will be solve time to time to make sure our company will be one of the best among the best in this sector.
Besides our product also have the own weakness like dissipating the heat buildup that occurs when they are driven. The other problem is airless tyres generally have higher rolling friction and it provide much less suspension than similarly shaped and sized pneumatic tyres. Although our product have their weakness, we are sure that the weakness are not affected the function of non pneumatic tyre because we produce this non pneumatic tyre just only for spare tyre usage. Besides, we will conduct a research and development continuously to make sure the weakness of this non pneumatic tyres will be solve.
4.0 MARKETING PLAN
4.1 Marketing strategyIn marketing strategy we are concentrating on the quality, design, service, function and how it attract the consumer. We will make sure that our product quality and service is always in a good condition. For the quality control we also conduct a survey of 100 customers to make sure our
11
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
product quality have an improvement time to time. Besides that, we will host a special seminar to our customer about this product. So they will more understand about the advantage and the uniqueness of the product. From the design aspect, we will explain more in the details of the product and the function that will attracted consumer to choose us to be their vendor. Last but not least, we are expecting the best reception from our customer for our first product.
Distribution Strategy
The distribution strategy that we will choose is direct to consumer. It has no the intermediary level and consists of a business service directly to customers. We are also receiving the order direct from customers by phone, fax, and e-mail. So that, the customers can directly discuss with us about working time, price per service, method used and equipment used.
4.2 Price strategyWe try to be a lowest price company with non-pneumatic tyre product. Normally others company take 50% of profit margin but our company decide to get only 40% of profit margin for our 1st try in this field.
4.3 Promotion strategyThe types of promotion strategies that we have choose to introduce our company are via advertising and sales promotion. We will make sure this strategy will convince our customer more about our 1st product.I . Advertisement : using newspaper, magazine and internet to make sure our product will be well known product.II Sales Promotion : we will give special offer price at the launching ceremony to attract customer so they can compare our with others.
4.4 Technology and Product Development Strategies
For product development strategy, we will guarantee to our customer that they will enjoy our product because it was safe, economic and long lasting. Now onwards we will make sure that our product quality always good because this strategy will help us to become a strongest company in this tyre industry field. Below are the strategies that we will do to make sure all the strategy will fulfill this objective :
Our product name is non-pneumatic tyre. Function as spare tyre for conventional car. Approve by SIRIM Get certification ISO 9001 of product quality This product is long lasting, economical and practical. Easy to assemble.
List of marketing personnelSchedule of tasks and responsibilities
Position Tasks and ResponsibilitiesMarketing officer Assists customers in locating
merchandise and answering a variety of questions concerning general
12
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
merchandise; demonstrates use of merchandise upon request.
Stocks shelves, counters or tables with merchandise; keeps merchandise orderly and neat in appearance.
Counts and balances cash register and receipts.
Stamps or attaches price tags on merchandise and/or checks tagged prices to verify accuracy referring to price list.
Fills out specific forms to process transactions or special orders such as refunds, jewelry, graduation gowns or requisitions for university departments, among others.
Checks inventory listing with actual inventory on shelf and reports discrepancies to supervisor.
Trains new sales staff in basic operations and procedures.
Cleans shelves, counters or tables
Schedule of Remuneration
Position NoMonthly salary
(RM)EPF Contribution
(RM)SOCSO
(RM)Total Amount
(RM)
Marketing Officer 1 3500 420 59.50 3020.50
Sales Manager 2 3500 420 59.50 3020.50
Total 3 7000 840 119.00 6041.00
13
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
4.5 Marketing Budget
Marketing Expense BudgetFixed Assets
Expenses (RM)
Monthly Expenses (RM)
Other Expenses (RM)
Advertising Tv, radio and newspaper Graphics & Printing – Catalogs Entertainment allowance
Business address:No 8,Jalan Industri Putra 1,Presint 14, 62050 Putrajaya, Federal Territory of Putrajaya
Location of the business
14
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
The location of our company is at Jalan Industri Putra that located in between of Putrajaya and Bandar Baru Bangi. Type of building is industry lot, size 40' x 100' and rental price is RM10,000 per month and this building is completed with water, electricity and telephone.
5.2 TRANSFORMATION PROCESS.
For the tyre manufacturing process, it will pass through 5 processes before the tyre can be supply to the customer. The process we do for our non-pneumatic tyre production is:
1. Compounding and mixing
Compounding is the operation of bringing together all the ingredients required to mix a batch of rubber compound. Each component has a different mix of ingredients according to the properties required for that component.
2. Component preparation
Components fall into three classes based on manufacturing process: Calendering, extrusion, and bead building.
15
Sales assistant get request from client
Sales assistant submit quotation to client
Client choose product they want
Sales assistant present product needed to RND engineer
RND engineer check the availability of raw material and machine capability
Confirm with client on quantity and product choosen
RND engineer make arrangement with RND manager
RND manager confirm date to start production and delivery
Operator start the production under monitoring by engineer
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
3. Tire building
Tire building is the process of assembling all the components onto a tire building drum. Tire-building machines can be manually operated or fully automatic.
4. Curing
Curing is the process of applying pressure to the green tire in a mold in order to give it its final shape, and applying heat energy to stimulate the chemical reaction between the rubber and other materials.
5. Final finish
After the tire has been cured, there are several additional operations. Tire uniformity measurement is a test where the tire is automatically mounted on wheel halves, inflated, run against a simulated road surface, and measured for force variation. Tire balance measurement is a test where the tire is automatically placed on wheel halves, rotated at a high speed and measured for imbalance
5.3 PROCESS PLANNING
16
Engineer ensure quality of the product maintain
Operator packing the finished productOperation Manager approve product delivery
Delivery process by our own workers
Product delivered to client
Client made product inspection
Sales assistant will receive any report from client
Client makes payment
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
5.4 MATERIAL REQUIREMENT PLANNING.
Material Cost/ kg (RM) Quantity required(ton) Total (RM)
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
Machine Types Price Per Unit(RM) Quantity Total Cost (RM)
Goninan Twin Milling 10,0002
20,000
Calendering machine5,000 1 5,000
Extruding ( Farrel Troester ) 20,0001
20,000
Curing and Vulcanizing 5,000 1 5,000
TOTAL 50,000
5.5 PRODUCTION AND OPERATION LAYOUT
5.6 PRODUCTION AND OPERATION BUDGET.
5.6 PRODUCTION AND OPERATION BUDGET
Fixed assets expenses (RM)
Monthly expenses(RM)
Other expenses(RM)
Machinery & Equipment 50,000
trucks 50,000
18
MANAGEMENT OFFICE
TOILET RND LAB STORE
WORKING AREA BACK DOOR
FRONT DOOR
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
Raw material 800,000
Salaries(EPF & SOCSO)
42,700
Marketing 33,500
Road tax 200
Insurance 400
Total 100,000 876,200 600
Capacity planning (output in units/ operation time)
Brilliant Job Tyre Sdn Bhd provides a good service and product among competitors. Our company was operating 24 hour a day and 30 days per month from Sunday to Saturday. In the production team, we have 13 workers that occupied in this department. These 13 workers were divided into 3 teams or shift with 4 persons for each of the shift. It means 1 shift equals to 8 working hours. In one day, we can produce up to 140 tyres per day. Our production is depends on customer request. From the 140 tyres in one day, we can get more than 4000 tyres in a month.
6.0 ORGANIZATIONAL PLAN
6.1 Form of Ownership
- Sendirian Berhad
6.2 Vision, Mission and Objectives.
VisionTo be the biggest company in Non-Pneumatic Tire service provider in Malaysia and Asian region.
Mission To Enhance Strength In Research And Development. To supply non pneumatics tyre with the best service.
Objective To ensure every production not taken for long time and finished by follow the schedule plan. To ensure our product make client and customer satisfy. To ensure less of complaint from client. To increase profit. To survive in grow.
6.3 Management Team.
19
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
General Manager- Mohamad Dhiya Urrahman Bin Mohamed Damiat Operation Manager- Mohamad Syafiq Syazani Bin Halim Finance Manager- Muhammad Hafizuddin Bin Md Nasir Marketing Manager- Syed Mohamad Azizul Nazri Bin Syed Hishamuddin RND Manager- Muhammad Farez Azmiza Bin Ahmad Zaki
6.4 Organizational Chart.
6.5
Human
Resource Plan.List of administration personnel
Department Position No. of personal
AdministrativeGeneral Manager 1
Secretary 1
20
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
OperationManager 1
Clerk 1Finance Manager 1
Clerk 1Manager 1
Marketing Sales Manager 1Sales Assistant 1
Human Resource Manager 1Research And Development Manager 1
Total 11
Job Description/Schedule of task and responsibilities
Position Task and Responsibility
General Manager
Responsible for enforcing the policies and governance set forth by The Board in the operation of the business.
Authorized to implement policies to maximize revenues and minimize operational costs (Profit & Loss responsibility)
Manage daily operations of the company and coordinates departments (HR, Finance, Operation, Marketing)
Advise on financial management issues Make recommendation on the financial and strategic direction of
the company
Secretary
To keep careful, orderly records of the organization's work. This will include writing the minutes
To keep a diary of future activities of the organization, and a record of previous activities
To prepare a report of the organization's activities for the year, for the Annual General Meeting
HR Manager
Workforce planning and Recruitment Induction and Orientation Skills management, Training and development Personnel administration and cost planning Compensation in wage or salary Time management Employee benefits administration
Clerk
To act as administrative assistant to the human resources manager by administering the employee benefit package, screening prospective production employee applications, maintaining records, and preparing various reports as directed.
Routes incoming telephone calls to the proper person/department; assists applicants, distributes incoming mail, assists internal and external customers by providing general
Finance Manager Ensure the company’s Project Accounting Process is attentively applied.
Keeping accurate financial records Helping prepare and audit accounts Balancing and monitoring profit and loss, income and expenditure
sheets Banking takings and balancing petty cash.
Marketing Manager
A Marketing Manager will be responsible for everything from planning strategies to promoting a product or service to as wide an audience as possible by means of events, websites and advertising.
Analyzing and researching market trends. Identifying target markets. Organizing marketing campaigns. Managing budget. Producing or commissioning promotional material. Managing the productivity of campaigns. Delegating tasks to marketing executives. Communicating information with colleagues and market actors.
R&D Manager
Doing research and fundamental research, technology development advanced development concept development new product development process development prototyping
7.0 FINANCIAL PLAN
7.1 Revenue Model
22
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
23
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
7.2 Income Statement / Profit and Loss Statement
24
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
25
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
26
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
7.3 Balance Sheet
27
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
28
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
29
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
7.4 Cash Flow Statement
30
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
31
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
7.5 Break-Even Analysis
32
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
7.6 Financial Ratios
33
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
7.7 Costs Controls
7.8 Budgeting plans
Administrative Budget and Costs (MYR ‘000) NUMBER OF STAFFPOSITION / ROLE 2012 2013 2014 2015 2016General /Administration/ Management/ DivisionCEO / Chairman / Managing Director 1 1 1 1 1 Finance Manager 1 1 1 1 1 Accountant Clerks 1 1 1 1 1 Administrative Clerks / Personnel 1 1 1 1 1 Research and Development / Technical Division
34
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
R & D Manager 1 1 1 1 1 Marketing / Sales / Business DepartmentMarketing manager 1 1 1 1 1 Operation / Production / Manufacturing DivisionOperations Manager 1 1 1 1 1 Operators 9 9 9 9 9 Others 4 4 4 4 4 TOTAL NUMBER OF WORKER 20 20 20 20 20Total of Acknowledge Workers 1 1 1 1 1Total Foreign Knowledge Workers 0 0 0 0 0% of Knowledge Workers 5.0% 5.0% 5.0% 5.0% 5.0%
*AVERAGE SALARY PER WORKER 1.44 1.44 1.44 1.44 1.44
36
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
8.0 MILESTONE SCHEDULE
8.1 Timing and objectivesJan Feb March Apr May June July Aug Sept Oct Nov Dec
Business Plan
negotiate/ sign store front lease
Builds display and set up store interiorSecure business name & legalObtain financial backingPrint business flyers and advertisementStore grand openingFlyers distribution
37
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
9.0 RISK ANALYSIS
9.1 Potential Problem
Risk of Defects and Development Delays
BJ Tyre Corporation Sdn Bhd may not experience to conduct development triggered by factors such as insufficient staffing or the unavailability of development related components, materials or technologies. Further, when developing new products, the Company's development schedules may be changed as a result of the discovery of performance problems, or changes to the product specification in response to customer requirements, market developments, or company initiated changes. Changes in product specifications may delay completion of documentation, packaging, or testing, which may, in turn, affect the release schedule of the product. When developing complex display devices, the technology market may shift during the development cycle, requiring the company either to enhance or change a product's specifications to meet a customer's changing needs. These factors may cause a product to enter the market behind schedule, which may adversely affect market acceptance of the product or place it at a disadvantage to competitor's product that has already gained market share or market acceptance during the delay.
Management of Growth
BJ Tyre Corporation Sdn Bhd growth in the number of its employees and the scope of its operations, resulting in increased responsibilities for management and added pressure on the company's operating and financial systems. To manage growth effectively, BJ Tyre Corporation Sdn Bhd will need to continue to improve its operational, financial and management information systems and will need to hire, train, motivate, and manage a growing number of employees. There can be no assurance that BJ Tyre Corporation Sdn Bhd will be able to achieve or manage any future growth, and its failure to do so could delay product development cycles and marketing efforts or otherwise have a material adverse effect on BJ Tyre Corporation Sdn Bhd business, financial condition, and results of operations.
9.2 Obstacle and Risks
Risk of Errors or Failures; Product Liability RisksA malfunction or the defect design of products produced using BJ Tire Corporation Sdn Bhd tyre technology could result in tort or warranty claims. While the company will attempt to reduce the risk of such losses through warranty disclaimers and liability limitation clauses in its license agreements, and by maintaining product liability insurance, there can be no assurance that such measures will be effective in limiting BJ Tyre Corporation Sdn Bhd liability for any such damages.
38
Subject Name : TECHNOPRENEURSHIP Subject Code : WBB10102Lecturer : Mr. Adlin
10.0 CONCLUSION
Business location that strategic and completed with system and modern technology can become economy development mover. BJ Tyre Corporation Sdn Bhd was developing a basic business strong in one inside industry. Good planning without action that correct not should be rewarding that encouraging. So company desire in developing tyre sector must be strong from productivity aspect, quality and modern technology services. This mean we should evaluate opportunity that there is a process to develop self economy by independent by set up own a business entity, manage company, carry out the business and develop transaction in sector that being plunged by professional. Opportunity must be in line with self ability. Besides that, the leader must focus on academic, skill, interest, financial resource, technology, equipment and human resource management system and it must be good.
Bibliography
[1] Edward Lumsdaine,Professor of Mechanical Engineering, Michigan TechSpecial Professor of Business, University of NottinghamManagement Consultant, Ford Motor Company InTechnopreneurship.
[2] Mellor, William. The risks of playing it safe: Singapore's long struggle to create an entrepreneurial environmentAsiaweek May 4 2001, 27(17), 28-34.
[3] Menknoff, Thomas, Kay, Lena, Loh, Benjamin. World's apart? Reflections on the relationship between small entrepreneurs and external change advocates in Singapore Journal of Asian Business 18(1) 2002, 37-65.
value www.cogsci.princeton.edu/webwn2.0&word =value value dictionary.reference.com/search?q=value value virtual.cvut.cz/ kifb/ value&lang=en value virtual.cvut.cz/ kifb/ economic_value&lang=en sum virtual.cvut.cz/ kifb/ sum&lang=en sum virtual.cvut.cz/ kifb/ sum_of_money&lang=en
