Professional Documents
Culture Documents
Executive Summary
Siawish Garments started providing low prices products to its customers in the year 2003.
It all started at the Panorama Center Rawalpindi by the name of Siawish Garments. The
basic stimulant in the popularity of the Siawish Garments has been the most effective
system of quality control on pants and shirts.
Siawish Garments have a policy that they do not compromise on the quality and prices of
its products. That’s why prices and quality has neither diminished nor changed over time.
They don’t Compromise on their principles that is why prices and quality of Siawish
Garments will always remain the same as it was on the very first day.
Mr. Ghulam Fareed is the owner of Siawish Garments who just want to enter into this
business for experience where he has managed to introduce the concept of low prices. He
had not enough experience regarding this business. After completion of his MBA
(Marketing), he joined a pharmaceutical company as a salesperson in 2000. He spent a lot
of time with this company. In early 2003, he went to Lahore for some company work. In
Lahore he saw a shopkeeper who was selling shirts with Rs. 150. So he was very pleased
to see that the price of that shirt is near about 240 in twin cities. So an idea came in his
mind to purchase some shirts and sell these shirts with lower price as well. So he
purchased 45 shirts from the manufacturer with Rs. 4800. He carried this inventory in
Rawalpindi and told his friend to keep this inventory in his shop. His friend was run the
video shop. He set the price 140 rupees for each shirt. So when the owner of siawish
garments came back in evening. He found all the shirts have been sold. He gave Rs. 10
commission to his friend for selling a shirt.
The location, which he has selected for this business, has become successful because of
its importance that is condensed population as the people start utilizing their services and
they prefer to get quality products with low prices. The initial investment required for
starting this business is not much as according to the owner only time is required for
starting up this kind of business e.g. If you want to start your own business like this and
you have stars in our eyes then you have to make sure that they don’t blind you so that
you shouldn’t know that where you are going. Mostly new business fails just because
their owners don’t have balanced business experience. As balanced experience requires
three basic strengths which make the foundation upon this can help you in building
success:
Technical Competence
Technical Competence in the Business you have chosen which means that you should
have the knowledge regarding how to get out the product or render the service in
good style.
Marketing Competence
Marketing Competence means that we should know that how to find your special
niche in the market, how to identify your customers, and how to sell enough of what
you offer at a price that will return an adequate profit for your efforts.
Financial Competence
Financial Competence means that you should know how to plan for and get the
money you will need to start and keep our business running without getting into cash
troubles.
However situation was not encouraging for Mr. Ghulam Fareed. He was born in a modest
family in 1974. His Father was not a very rich man but things were working along fine.
As he was their first child they gave him their fullest of attention. They wanted that there
child should get some education. So they put him in a school, which they could afford.
The child as it seemed was very fond of getting educated. From the very beginning
during early life he dreamed of becoming wealthy someday. So he reluctantly went to
school day in and day out but his patience and so he finally done MBA (Marketing) from
PRESTON UNIVERSITY ISLAMABAD.
A very kind man at heart he gives alms and donations on a monthly basis. And he carries
a very simple personality. You will not find him wearing some really flashy clothes,
rather he keeps a very simple appearance and it’s very difficult to spot him as some
“really high class entrepreneur” if he is walking in front of you and you don’t know him.
Advertising helps us to communicate with potential customers. It will let them know
what kinds of product or services we are offering to them and why they should buy it
from us.
Large companies generally use advertising agencies that help them in creating their
advertisements especially if it is related to electronic media.
Competitors
Siawish Garments right now have no real competitors in Panorama Center. Although we
can see that there are many garments shops in Panorama Center that are providing shirts
and pants but they are not up to level where Siawish Garments is right now that’s why
they can’t be compete directly with Siawish Garments. The owner of the Siawish
Garments thinks that there are some competitors in the Rawalpindi such as:
Future Planning
A few changes can be made with what has happened so far but he would not have longed
for more, saying thereby that he is contented “To improve more which includes both
services and prices of the products.”
By analyzing all this we can easily say that Siawish Garments overall considered to best
in making their business more successful in the market but still we think they are still
some areas of improvement. If Siawish Garments have managed to sort out all those
weak areas then we can say they are considered to be as best business that has adopted
the concept and techniques of business strategies successfully.
References