Datuk Ameer Ali Mydin
Mydin Mohamed Holdings Bhd.
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Mydin’s Business Strategy
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||
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i.
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Be
your own buyer
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-the
directors and owners are buyers themselves
-fussier
in terms of pricing and quality
|
|
ii.
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Wholly
Malaysian owned
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-does
not hire expatriate manager
-saves
millions of ringgit on salutes and other benefits
|
|
iii.
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Profitability
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-no
shareholders to answer to
-no
pressure to make millions
-lower
cost, lower overheads, not so much profit, then can sell for much less
|
|
iv.
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Run
on strict Islamic principles
|
-profit
is branch
-taking
advantage of people and indulge in profiteering, the money you make is no
more halal
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Mydin Business principles
1. Honesty
& Integrity
2. Punctuality
3. Thriftiness
Last but not
least, one of the most important values Datuk Ameer practices is that ‘things
can be sold at so much cheaper prices if people make an extra effort, think
things through, and don’t try to make too much profit.
 |
Patrick Goh
A Malaysian Story
The Edge,
August 1 2011
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