The whole company just came back from an all expenses paid trip to Shanghai. After a wind down, I am planning to spend most of my time in this last month of 2009 to write FingerTec Distributor Business Guidebook.
Company trip to Shanghai
What is a brand good for if it is just a logo affixed on a product? I always ponder about this, and I would not hesitate to do more for FingerTec. The Guidebook is in fact a round up of practical branding efforts we have done all these years and to extend it in an organized way for an easier adoption by our distributors. The main objectives are to help them increase sales, to improve cash flow and to reduce support costs in a more efficient way, I must say.
The idea had dawned on me on the last day I wrapped up my India trip, on the way to Mumbai Chhatrapati Shivaji International Airport. I saw our effortless methods in strengthening Malaysia’s market and our global strategies in penetrating the international market can be combined and fine-tuned to further benefit our worldwide distributors, besides using our plentiful readily available branding materials.
The Buddha sat under the Bodhi Tree for 49 days to find his Enlightenment, but he spent the rest of his life teaching the theory of Karma, which spawn from the Enlightenment. I foresaw we would face a similar challenge. It is not merely the writing of the Guidebook, but if there is a gap between a distributor’s daily operation and the Guidebook, how should we convince the distributors to change their business conducts that they had accustomed to, even if they agreed to do it the FingerTec way.
Buddha and the Enlightenment
Patching up the flaws
I always detect flaws in some of our partners’ FingerTec business operations that deter their growths. When I was invited to give a talk, I would share my view (of course, a broad one without too much details) with them on how to tap on FingerTec resources for better business expansion, but it’s normally ended up in futile because old operation habits diehard. This time, a detailed Guidebook with follow-up monitoring system may yield a more constructive result.
Our first 5-year plan started in 2001 was more focused on technological research and development, which laid a strong groundwork for FingerTec products to soar. The second 5-year plan with a global marketing strategy was to spread our wings to as many countries as possible in the world. For this, I summed it up as a “Going Out” strategy, having our products currently presence in over 100 countries.
From Going-Out to Going-In
From Going-Out to Going-In
I had made up my mind long ago that the next 5-year plan should be a continuation of “Going Out”, which naturally succeeded by “Going In” strategy. But this strategy is bothering me every now and then, because it seems to me that we need to have a string of different sub-action plans in order to deal with different local partners, or to set up operation offices abroad to ensure the success of the plan. And I also realized that if we followed this costly conventional path, we will eventually loss in a maze of disorientation in our future plan.
For 2010, also the 10th Anniversary of FingerTec, this is the next 5-year milestone I set for FingerTec, to unite the Diaspora FingerTec partners around the world and to unleash FingerTec branding power through emphasizing the uniformity of strategy that extended from practical branding to business operation.
by Teh Hon Seng, CEO, FingerTec HQ