core strategy (kaki travel)
TRANSCRIPT
CORE STRATEGY
Core strategy is the first component in business model which describes the plan of the
firm to compete with its competitors. It consists of four main elements which are:
1. Business mission
2. Basis of differentiation
3. Target market
4. Product/market scope
1. BUSINESS MISSION
Kaki Copy’s business mission is to provide an exceptional service and to follow through on
their promises. They promise to do their best and strive to deliver the individualized solutions to
all of the client's printing needs and add value to the clients' businesses. The Kaki Copy’s staffs
are focused on providing great service and forming lasting relationships with their clients. They
want to be judged not only by their words but also by their actions.
2. BASIS OF DIFFERENTIATION
To compete with other printing businesses that exist in the same market, Kaki Copy holds
some competitive advantages that make it different from its other competitors. These are the
things that make the customers choose to get Kaki Copy’s services than other printing shop.
1) Price: Kaki Copy offers prices which are relatively lower than the market price. Some
printing shops in IIUM itself such as Silverseed charge RM 0.20 per page for the printing
service that they provide. This is quite high for the students who have financial constraint.
Therefore, Kaki Copy takes this opportunity to provide a low cost printing at RM 0.10 per
page.
2) Service Facility: Kaki Copy provides the in-store Wi-Fi connection for their customers
to ensure that the customer may browse the online documents and directly print it using
the free internet connection. This service is very useful to the students since there is no
other printing shop in the university that provides such service for free yet. It is a good
opportunity to attract the customer to use Kaki Copy services especially during the
examination season where the students are needed to print out the examination slip from
the student portal.
3) Fast Service: To make sure that the customers satisfy with the services provided, Kaki
Copy upgrades its service quality. Kaki Copy introduces the express counter to cater the
urgent needs and express photocopy service of the customers in order to improve the
service quality and product delivery.
3. TARGET MARKET
Target Market is defined as the group of customers that are targeted. Kaki Copy business
target market is the staff of IIUM such as lecturer and administrator, students as well as the
banker. Other target market that can be included is the cafes nearby where they need printing
service to print out their list of menus and price.
4. PRODUCT/MARKET SCOPE
Product scope or market scope strategy is defined as the strategies that involve decisions
about what types of products a company will offer and what markets the company plans to target
with the products or services that they are producing. Kaki Copy implements the wide strategy in
order to determine which market scope or product scope that they will focus on. This is because,
Kaki Copy not only focus their business solely on the printing and photocopy services. In fact,
they also provide other complementary services and products which are related to their main
printing service such as T-shirt printing, designing service, stationeries and merchandises.