13 - March 29th thru April 4th 1999,
Vol IX
Yemen's
Young Entrepreneurs:
LEADING THE WAY TO THE NEW
MILLENNIUM
"No
mountain is too high to climb. No dream can be beyond reach."
That is the spirit that drives a new crop of Yemeni entrepreneurs. These
are young people who have studied in the West, and are today in the driver's
seat for part of our economy.
Here is the story as seen by one of these young businessmen.
No mountain is too high to climb, and no dream can be beyond reach as
long as there is a "defined goal", "a well thought out strategy",
"clearly established objectives", "effective implementation",
"exceptional dedication", "intense long hours", "unwavering
determination", and most of all, "one must believe". Looking
around me today, a euphoric emotion runs through me as I see other newly
established "service conscious" Yemeni establishments on the path
of development and growth, founded by sound practical business principles.
The growth of small businesses goes hand in hand with the growth of
the economy and plays a vital role in decreasing the unemployment rate.
Equal opportunity and fair competition are essential in the development
of a healthy and prosperous market place. It is for this that young motivated
entrepreneurs have come to realize that to compete against the other larger
organizations, they must not solely depend on "Price" and "Quality"
as their determining factor. They rather need to utilize all the current
sales and marketing tools already available, in addition to constantly
probing the latest concepts/ideas/mechanisms made available to date.
The acknowledgement of Service" as the critical third elements has
tipped the scale in favor of those whom clearly understand that, in this
fast pace time we are living in, end-users are demanding quality service
and are willing to pay a marginal percent more if necessary.
Having said this, it would be appropriate at this time to elaborate
on the connotation of "Service conscious." For example, a service
conscious trading firm, simply stated, is a firm that is conscious/aware
that "optimal customer satisfaction" is only derived if the customer
is satisfied with the purchase price, the quality of goods received and
most significantly, the service quality rendered (initiating from date
quote request is received by seller until final receipt of goods by end-user).
To many "none service oriented" traders, the process of buying
and selling may seem like a piece of cake. However, in reality this is
far-fetched from the truth and even further where commodity trader is made
available via international sources. In essence, so much can go wrong during
the transaction of the trading process. For example, seller could delay
goods for reason of neglect to follow-up, products supplied incorrect,
quantities supplied incorrect.
Now you have a very dissatisfied "customer" as he/she is confronted
with anxiety and stress involved with the big question; "What do I do
now"? The headache is compounded exponentially, if for example, a wrong
part (critical for operations) is received and as a result the customer's
plant is now in a situation where it may have to stop operations. This
is the time when your customer had wished his/her lucky stars that purchase
was transacted via a reliable "Service conscious" company.
So, what do "Service Conscious" organizations have to offer?
For one, they cut buyers Aspirin consumption expenditures to the absolute
minimum. Although, you and I know that, the real cost savings is not tied-up
in Aspirin as much as it is tied-up with the loss that would have been
associated with the shut-down of a factory, electricity blackouts or the
reduction in the flow of crude oil.
In general, there are several fundamental elements for which enables
?Trading "Service Conscious" companies to become efficient, effective,
and reliable.
1. The Service Concept must be clearly established, integrated
and given top priority in the Company's overall strategic objectives.
2. Maintain very close communication with their customers and
suppliers at all times.
3.Give special consideration and attention to the expediting
and material control Functions.
4.Must capitalize very heavily on all available Communication
Systems/Networks, information systems in addition to other resourceful
tools.
a) Should have more than one telephone line and fax line
b) E-mail address (es).
c) Utilize the Internet to its fullest capability. To cite some
examples of Internet services available today:
1.On-line purchasing.
2.Generating export documentation for new shipments.
3.Managing your logistics process via different types of tracking
systems (i.e., Airfreight, Ocean freight, U.S. Domestic freight, custom
brokerageÉ etc.)
4.Quickly determining accurate duty information and receiving
immediate answers to worldwide duty and tax questions.
5.Scan regularly updated news and information that effects your
international business.
6.Simplifies processes by making products/services and information
easy and conveniently accessible.
7.On the spot production information as to discontinued items,
replacement items, etc.
5.It is imperative that there is an outlined clearly defined
procedural workflow for which all company staff must strictly adhere to.
In lieu of the above fundamental Service elements, a Trading Company
must still prove itself worth of what it preaches, but this can only be
achieved by the test of time. It is only after numerous successful transactions
that a buyer begins to gain confidence and reassurance in the supplier's
ability to perform to the standard service level required. At this time
a bond is established between the buyer and supplier leading to a long-term
business relationship reinforced by the supplier's continuous, consistent
reliable service rendered.
It is very clear by now that "service", as a third element, is
fundamental in the progress of Yemeni establishments on the avenue of sound
astute business practice. It is only recently that Yemen witnessed a trend
of newly established service-conscious organizations, which have given
a new enhanced addition to business community in general. As a result,
this has allowed many private and public establishments on the demand side
of the Yemeni market to apply and take advantage of the quality service
that is now being offered by young, inspired, energetic Yemeni businessmen
and businesswomen.
There is a number of firms which have seized the opportunity and are
now capitalizing heavily in employing the services of credible Yemeni organization,
in addition to working very closely with them to further develop and strengthen
the "customer/supplier relationship". At first, I would like to
thank Canadian Occidental Petroleum-Yemen management for their relentless
efforts and significant progress made in their "Vendor Development Program".
The success of said program is highly attributed to the continued and undeviating
efforts exerted by Samir Zewar and the many others at CanOxy's procurement
team. I would also like to thank Yemen Hunt Oil Company, Jannah Hunt Oil
Company, Mr. Andre Ducelier and Ms. Leila Al-Hayouti of Total Yemen and
the many others whom are now utilizing the Services to the Yemeni Vendors
and for which, I am certain, have found to be mutually rewarding.
It is critical that we, as a society, adapt ourselves to meet the challenges
of the changing times. We must not impose ourselves out of weakness byt
rather out of strength. Strength only comes about by confronting the endeavors
inherent in a free market and upgrading ourselves to meet the coming of
the new millennium.
I salute the many young businessmen and businesswomen who are working
relentlessly around the clock to make a momentous change in the maturing
Yemeni business dealings. I also encourage everyone out there to pursue
their dreams and, most of all, to "BELIEVE".
By: Osama Sallam,
Managing Director, ALLISI CO. LTD.
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