
It
also shows that the overall performance of the organizations is good but it cannot
generate sufficient revenue that maintains their position in the market and
also enhance their market share.
The
Hup Seng is very well reputed corporation but as compare to Hwa Tai and cocoa land
its worth is less in the market and also it generates less revenue and less
market share. The main issue regarding this is that the performance must be
determined according to market demand and customer requirement. The overall
performance of the Hup Seng is good but still, a room of improvement exists in
the company and with this, it also improves its production, manufacturing and
its sales through the better distribution channel and enhances its production
capacity.
Financial
performance present that how much sales are produced by the organization and it
seems that company is not generating enough revenue as compare to its
competitors and it must follow its benchmark companies and also check their
financial strategies that help for the Hup in future and also make its revenue
better in future.
Problems of Hup Seng
There is a various problem related to the various issues
that are occurring in the Hup Seng Industries. All of these
problems can explain in such manners;
Lack of Human talent of
Hup Seng
In
the development of the company the human capital plays an essential role,
therefore, management of the Hup Seng is paying less attention towards the
recruitment of the fresh and capable graduates. They are not offering any
trainee programs for fostering the more talent in their management team. Due to this Hup Seng can face the employee turn
over the problem in the long run and due to the, there can be a shortage of
human capital.
Pay attention to new
product of Hup Seng
Hup
Seng is paying attention to the publicity of the new products. Due to this
trend, they divert their attention from their accurate products that are in
trend as; ‘cream cracker’. In the market, for several years the cream cracker
is putting to improve their product sales. For improving the sales of their
products they are investing incentive strategy such as; bundle of packages,
price, and promotion.
Higher selling price
of Hup Seng
Hup
Seng engage is engage in selling their products at comparatively higher prices
as compared to their competitors. If the example of the ‘cream cracker’ will be
considered than this product is selling by
Hup Seng at RM4.00 meanwhile another product of another company with the
name of golden cracker’ is selling at 3.50-3.75. Such kind of discrepancy in
prices can be problematic for Hup Seng because it enforces to the customer to
switch brands.
Opportunities of Hup Seng
There are various opportunities for Hup Seng due to
which Hup Seng is growing in the market. These opportunities are;
Export of Hup Seng
For
earning the revenue, Hup Seng is not only depended upon their domestic
customers. It also engages in exporting its products in international markets.
Furthermore, products of Hup Seng are considered as universal compatible
products. Hup Seng is seeking for expanding their export operation in various
other countries for generating more revenues. In 2011, Hup Seng proved their
self in international markets.
Loyalty of Public of
Hup Seng
Another
greatest opportunity that had Hup Seng is related to the loyalty of the public.
In 2011, the total dividend of RM 30 million paid by the RM 30 million and it
enhanced to 36 million at the end of 2012. This kind of figures refers to the
positive sign for the public for indicating that the company has good growth in
the markets, and it will improve in upcoming financial years.
Encouragement of export
activity by Government
One
of the most important opportunities which occur in Hup Seng that is related to
government rules and regulations. These all are in favor of Hup Seng and
Government is encourages to Hup Seng for exporting their products in
international markets. That’s why Hup Seng is moving on the track that is going
towards the exports of products from the last several years. Currently, Hup Seng is exporting its products
in more than 40 countries.
Conclusion on
Hup Seng
By
summing up entire discussion it has been observed that Hup Seng is one of the
well-known firms that are producing foods and beverages. It has been observed
in this paper Hup Seng has multiple channels of distribution and also has a
very competitive environment but still, a room of improvement exists in the
company. This company is engaged in to produce such a product that can be share
at any time and at any place. It applies an effective sale strategy and follows
a model that “quality is our promise”. The entire national and international market
has been captured by the Hup Seng. The Hup Seng also capture the market at
domestic and international level. With best selling and premium products, the
group set up a program with effective promotional activities.
The
Hup Seng is analyzed in these reports by analyzing the various departments and
segments of Hup Seng as market analysis the Hup Seng is also performed in this
paper by which it has been concluded that the sales team of the company also
working a lot to capture the market share through improving earning, increase
distribution points and promote the products. By analyzing the financial
performance of Hup Seng it has been observed that the financial performance of
the Hup Seng is not as good as compare to these two companies. The growth of
the Hup Seng is very good but as compared to its benchmark or competitors.
There
are the various problems that are considered as the major cause of low growth
of the Hup Seng these problems are; lack of Human talent, pay attention to new
product and higher selling price. By overcoming all of these problems Hup Seng
can enhance their growth in both national and international markets. There are
few opportunities for Hup Seng that are a major reason of the growth of the Hup
Seng and these opportunities are; export of Hup Seng, the loyalty of Public and
encouragement of export activity by Government. Management of the company must
be the focus on all of these opportunities for continuing the growth of the Hup
Seng.