Task 2:Mr. Mydin Mohamed Bin Ghulam Hussein

About Mydin

Mr. Mydin Mohamed Bin Ghulam Hussein, the founder of MYDIN was born in Penang on 5th of January in 1928. Mr. Mydin is actually from a wealthy family .His father, Mr. Gulam Hussein bin Jamal came from Kathiabar in Gujerat,India has sold all kinds of merchandise in his provision shop. Mr. Mydin Mohamed is educated in mainstream English school at Penang with his little brother,Mohamed Ali. Mr. Mydin Mohamed begins his business territory with his small shop that has a small space with his own money that has been earned by himself and without the help of government or his family even though he came from a wealthy family.Now its business leads by his son, Dato Ameer Ali Bin Mydin.

Mydin is the biggest business in Malaysia which undertake activity in wholesaling and retailing. The product ranges from food line,hard line, household and also soft lines items. Each of the branches has their own business category,based on the capacity of goods traded. The category comprises hypermarket,mini market,franchise store,convenience shop,emporium,and bazaar.Currently, Mydin operates 107 outlets nationwide inclusive of 23 hypermarkets which are located in Mydin mall,16 emporiums,3 bazaars,11 convenience shops (MyMart),5 franchise outlets (Mydin Mart), and 49 mini markets (MyMydin).

Now, Mydin Holdings BHD is no longer a foreign name in Malaysia because they have been nominated and won a variety of awards. Among them is Asia Pacific Entrepreneurship Awards (APEA), CIO Recognition Award 2006, and “Anugerah Tokoh Kepenggunaan Islam” (TOKI).

Team Oriented

In 1918, Mydin was founded by Ghulam Hussein Bin Jamal, the father of Mydin Mohamed. Sadly, during World War II their shop in Penang was burnt down and they lost everything. But because of strong determination, Mydin Mohamed continues the trades of wholesaling. Mydin Mohamed is born on 1928 at Pulau Pinang, a son of Ghulam Hussein Bin Jamal. After World War II, Mydin Mohamed opened a small shop in Kota Bahru, Kelantan by selling toys and also general merchandise on 1957. (Mydin - Biography Mydin Mohamed Holdings Bhd)

 Team-oriented attitude and identity of the family in leading company helped to build determination in Mydin Mohamed to bring the success of Mydin. The first store that he opened was a starting point for him.With the help of his son and family, he expanded his business in Kuala Terengganu and Klang Valley. Since then, Mydin Hypermarket progressed to another level. They are popular with their catchy slogan, ’why pay more, buy at wholesale prices’.

          Now, Mydin Hypermarket already has more than 95 branches throughout Peninsular Malaysia and has been managed by his sons,Datuk Wira Dr. Haji Ameer Ali bin Mydin as Managing Director, Mr. Ahimmat Mydin and Mr. Salim Mydin as Executive Director. (Mydin - Biography Mydin Mohamed Holdings Bhd) They work together as a team that has the determination to develop their supermarkets to become a leading global halal products distributors in Malaysia and international market. The passion and hard work that exist in his their family’s blood applied by his sons to moved forward in a team and a family to create even a better future for their business. 

Visionary

Any success have in life must begin with a vision. A vision is the ability to see what others cannot see. The visionary of Mydin is able to see exactly what his business is going to look like in every detail when it done. He was having experienced trying to start a business on his own with his first merchandise, toys. After that, many kind of things he tried to sell in his business. He kept going with his visionary until now he is the success entrepreneur in Malaysia.

Mydin originally founded and operated by Malaysian entrepreneur who named is Mydin Mohamed Bin Ghulam Hussein. Mydin business activity is in wholesaling and retailing. The product ranges from food line,hard line, household and also soft lines items. Their vision for their company is the world’s leading contributor of competitive “Halal” good and services. Each of the branches has their own business category, based on the capacity of goods traded. Mydin operates its business based on ‘Halal’ concepts and stresses on honesty, sincerity and also good discipline in all aspects of its business.

Mydin also has collaboration with Halal Industry Development Corporation (HDC). HDC is initiated by the Malaysian government to ensure the integrated and comprehensive development of the halal industry. Mydin has signed a memorandum of understanding with HDC on 17th September on 2009. Again, Mydin aspires to be a leading provider of halal products.

This visionary quality showed undoubtedly by Mr. Mohamed Bin Ghulam Hussein. He is the creator of Mydin which is one of the leading and well-established Malaysian-owned companies involved in wholesale and transaction. For company mission aim is to be the leading wholesale and retail company by providing the best value, wide assortment of goods and continuous excellence based on their business formula.

Proactive

Tuan Mydin Mohamed Bin Ghulam Hussein is the founder of the company Mydin Mohamed Holdings Berhad. At the early age of 1957 he opened a small shop in Kota Bharu, Kelantan. Starting from his own saving then receive a loan from the banking and landing instituition.

Now he is a successful entrepreneur. After Tuan Mydin, his son Datuk Wira (DR) Haji Ameer Ali Mydin continues this legacy as the director of Mydin Berhad. He shows proactive traits by finding a chance in the market and fulfil the needs for the market to compete with other local supermarket. He also finds feedback from the customer to fulfil his customer’s needs. Besides, if there’s a complaint from the customer, he doesn’t get angry instead he opens up and accept the complaint with a warm heart. From the feedback and complain, he can improve their weakness and can be successful in his business.

He act with initiatives towards the chances inside the market which was one of a proactive traits inside him. This action of taking chances is to form a new environment. He had his own goals and always wants to move forward. He also a creative person and expert in business world.

Observant

Observant means good at watching and listening. The entrepreneur that have this trait is good at observing what is happened in their environments. They also have the capability to expect what will be happened in the future and strategize what happened in future. Besides that, the entrepreneur also can make well-ordered planner for the organization for the long time. In this trait, the entrepreneur always find the way to think the next good ideas for the company’s future. They usually always think what is going to happened in the future. Not only around them, but also what happened to the world. Observations can be used in identifying potential companies and employees. Observant can be made by comparing the trend or industry comparison. The result of the observation will show the company’s performance in the current year.

            Observant is important values toward entrepreneur because through this trait they can look further to develop the business. They know how to analyze, design, formulate, and take all the opportunities.

One of the entrepreneur that have this trait is Mr. Mydin Mohamed bin Ghulam Hussein which is the CEO of Mydin Mohamed Holdings Berhad. He became a successful entrepreneur because he is an observant person. At the first time, he started his business he just had a limited capital. It is from his saving. But he can expand his business in stages-rank. It is proved that he has traits of observant and able to organize the business with successful by observing the people.

            By observing the people, he able to generate a lot of ideas by differ the products and goods according to the demand. He just started selling the daily necessities and toys in the store at first. But, Mr. Mydin planned a strategy in expanding the type of product sales like eletrical equipment, tableware, stationery, accesories, clothes and others. We should take this as example because he always moving forward although he has only a limited capital.

Lastly, he also observing the pricing of goods in his store. He makes an observation toward what Malaysian people like cheapest and high quality. The slogan "Why pay more? Buy at wholesale prices" Is one of the factors that attract the customers to his store.

Networked

Network is the process of creating coalition to individuals or organization else coalition to benefits available for breaches of barriers regulation had typically traveled by entrepreneur.

Through this network concept,Mydin business has expanded to whole  country.As a result of his network with his families which is his children,Mydin has grown from Kelantan to Terengganu in 1979 and then in Lembah Klang in 1989.With a clear vision to become a leading distributor,Mydin has now become a company that is Mydin Holdings Bhd.Mydin has now reached 28 branches nationwide with 4,000 employees.

 Mydin’s top priority is to to have a consistent flow network with the supplier,to logistics and warehouse,to the ground staff and management team.Mydin Holdings Bhd which is conducted by Dato’ Ameer Ali Mydin has entered a program (TUKAR) that is been handle under the government by the Ministry of Foreign Trade.This program is an initiative of the Ministry of Foreign Trade under the NKEA to modernize traditional grocery stores. The transformation process includes rearranging merchandise, implement point of sale system to a new, more efficient, and improve the appearance of the next in and outside the store. Shops that were given loans by the Bank of between RM20,000 and RM60,000.

            This mean that Mydin Holdings Bhd also have the concept of business network.Through this program(TUKAR),Mydin Holdings Bhd have get government trust as they appointed to be the operator for the “Kedai Rakyat 1 Malaysia”(KR1M) project.As an operator they are responsible to help installing hardware store and supply management,IT Support,provide technical and sales skills and training for the new traders.

            In conclusion, Mydin Holdings Bhd has been successful in the business world using a variety of concepts, including the concept of a network that has helped him remain in the market.