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SCHOOL OF ARCHITECTURE, BUILDING AND DESIGN 
FOUNDATION IN NATURAL & BUILT ENVIRONMENTS 
PRESENTATION TITLE: THE STEAMBOAT BUSINESS 
GROUP MEMBERS: 
Names Presentation Roles 
AIDA JUNITA (0317766) OBSTACLES FACED BY NEW BUSINESSES 
NURIN ABDULLAH (0318596) NATURE OF THE MARKETS 
ONG JIA HUI (0317752) HISTORY AND BRIEF DESCRIPTION OF BUSINESS 
ONG MIN JUNN (0317767) RECOMMENDATIONS 
TANG PEI KEI (0318545) STRATEGIES EMPLOYED BY THE BUSINESSES 
TEOH SZE MING (0317838) COMPETITIVE BEHAVIOURS OF THE BUSINESS 
ENGLISH 2 (ELG 30605) 
LECTURER: CASSANDRA WIJESURIA 
SUBMISSION & PRESENTATION DATE: 2nd DECEMBER 2014
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Table of Contents 
Topic Page 
1. Key Summary 3 
2. History of Business 4 
3. Brief Description of Business 6 
3.1 Goh Huat Seng Restaurant 6 
3.2 Ho Ho Steamboat Restaurant 7 
4. Comparative Analysis of the Businesses Competitive Traits 8 
4.1 Competitive Behaviours of the Businesses 8 
4.2 Obstacles Faced by New Businesses upon Entering Their Respective Markets 10 
4.3 Nature of the Markets 12 
4.4 Similarities and Differences between the Two Businesses 13 
4.5 Conclusion 14 
5. Recommendations 15 
5.1 Goh Huat Seng Restaurant 15 
5.2 Ho Ho Steamboat Restaurant 16 
6. Appendices 17 
6.1 Photos 17 
6.2 Interview Questions & Answers 19 
6.2.1 Goh Huat Seng Restaurant 19 
6.2.2 Ho Ho Steamboat Restaurant 23 
6.3 Minutes of Meeting 26 
7. Reference 29
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1. Key Summary 
For this research assignment, we have chosen to study and compare the steamboat 
restaurant business. Two steamboat restaurants in Penang and Klang, Goh Huat Seng Restaurant 
and Ho Ho Steamboat Restaurant respectively, were selected for us to further understand the 
nature of this business. A comparative analysis is then done in terms of the businesses’ 
competitive traits as well as similarities and differences both businesses share. After a thorough 
research and analyzing, we have found that Ho Ho Steamboat Restaurant is more successful than 
Goh Huat Seng Restaurant.
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2. History of Business 
Steamboat, also known as hot pot, consists of a simmering metal pot of stock with several 
East Asian varieties of stew. The typical steamboat ingredients include leaf vegetables, 
mushrooms, wontons, seafood, egg dumplings and thinly sliced meat. The ingredients are placed 
into the simmering pot and cooked at the table. 
Steamboat originated from Mongolia, having beef, mutton or horse meat as its main 
ingredient. Steamboat then spread to southern China during the Tang Dynasty and was further 
established during the Mongolian Yuan Dynasty. Steamboat became popular throughout most of 
China during the reign of Qing Dynasty (AD 1644 to 1912). In time, the traditional coal-heated 
steamboat has been replaced by the electric, propane, butane gas, or induction cooker. 
Even among mainland China, there are various regional variations which includes the 
Manchurian and Hubei steamboat, Hainan cuisine steamboat, and the Cantonese variation. 
In other regions, there are dozens of varieties of steamboat with its own distinguished 
flavor and style. In Japan, steamboat dishes are called Nabemono, with Sukiyaki and shabu-shabu 
being the most popular ones. The Taiwanese steamboat is called shabu-shabu too due to 
the Japanese influence. Meanwhile in Thailand, steamboat is called Thai suki with the Thai-style 
dipping sauce added. In Vietnam, the name for steamboat is lẩu or cù lao with the sour soup 
called canh chua. 
Up until several years ago, most steamboat joints in Malaysia serve plain stocks made 
from chicken or pork ribs. However, the steamboat business has upgraded nowadays and most of 
the steamboats are now served with two types of broths in the segmented pot, with its option 
ranging from tom yam, spicy curry, tongue-numbing Szechuan pepper soup, tangy assam to
simple clear chicken soup. Many Malaysian steamboat restaurants are located nearer to the 
suburban residential neighbourhoods as an area with a good mix of residential and commercial 
properties will help keep the business afloat. The induction cooker is now widely used in many 
steamboat restaurants in Malaysia as it cuts off the usage of gases and is less of a hassle to clean 
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up.
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3. Brief Description of the Businesses 
3.1 Goh Huat Seng Restaurant 
Goh Huat Seng Restaurant, located at Kimberley Street, George Town, is one of most 
well-known steamboat restaurant in Penang that specializes in charcoal steamboat. It has been 
around for more than 50 years and is the only existing branch. The restaurant currently has 
eleven employees, most of which are family members of the owner, Mr. Goh. 
Founded by Goh Huat Seng, the grandfather of the current owner, this restaurant was 
established in the year 1958. The main product they offer is evidently steamboat, with fixed 
steamboat sets (a total of six sets altogether) which fits accordingly to the number of pax. 
Housing almost 10 up to 25 tables on average working days, the restaurant itself can cater around 
200 patrons at a time. 
Goh Huat Seng Restaurant only serves one type of soup base which is the clear chicken 
soup, and two staple side dishes – belacan chicken and oyster omelet. They used to offer other 
side dishes such as home cooked meat and vegetable dishes but were removed from the menu 
due to low demand. Goh Huat Seng Restaurant also used to offer delivery service but has been 
terminated as it was costly. Now, the restaurant only offers take away service, where they would 
provide the customers with the soup base and steamboat ingredients. Customers could also make 
reservations for family gatherings or events. 
Goh Huat Seng Restaurant was recently listed as one of the restaurants for Best 
Restaurant Guide awarded by iNPENANG (a premier social & tourism magazine) for the year 
2014/2015.
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3.2 Ho Ho Restaurant 
Ho Ho Steamboat Restaurant, located in Shah Alam, Selangor is one of the eight outlets 
opened in Malaysia, six being in the area of Kuala Lumpur and Selangor and one in Johor. The 
branch in Shah Alam was founded in 1999 by the branch manager’s uncle, Mr. Lee Swee Bu. 
Currently; the branch has ten employees, most of which are foreign workers. 
Ho Ho Steamboat Restaurant specializes in steamboat, offering four types of soup bases 
which include clear soup base, tom yam, ginger wine and pumpkin porridge soup. The restaurant 
also offers a wide range of steamboat ingredients covering more than 70 choices of seafood, 
meat and vegetables. A la carte dishes such as fried snacks and fried noodles are sold as well. 
The Ho Ho Steamboat Restaurant in Shah Alam can cater up to 100 customers at a time 
and is available for reservations of family functions and gatherings. Although the branch in Shah 
Alam is in the phase of gaining its reputation amongst the local residents here, it is usually a full 
house during weekends.
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4. Comparative Analysis of the Businesses’ Competitive Traits 
4.1 Competitive Behaviours of the Businesses 
Goh Huat Seng Restaurant, 
Kimberley Street, Penang 
Category Ho Ho Steamboat Restaurant, 
Shah Alam, Selangor 
There are around 12 steamboat 
restaurants in George Town area. 
Number of Competitors 
in Respective 
Geographical Markets 
There are around 16 steamboat 
restaurants in Shah Alam. 
The top 3 competitors of Goh 
Huat Seng Restaurant are: 
i. Zi Wei Yuan Steamboat 
∙ one of the top charcoal 
steamboat restaurant in Penang 
∙ signature milky soup base 
stewed with deep fried fish bone, 
yam and asam boi 
ii. Eam Huat Restaurant 
∙ offers a specialty of homemade 
pork meat ball and Fook Chau 
fish ball 
iii. Huo Tan Wang Charcoal 
Fish Head Steamboat 
∙ known for their charcoal fish 
head steamboat 
Brief Description of 
Top 3 Competitors 
The top 3 competitors of Ho Ho 
Steamboat Restaurant are: 
i. Damansara Village 
Steamboat Restaurant 
∙ Pulau Ketam style steamboat 
restaurant; has three outlets 
∙ offers a range of fresh seafood 
for steamboat and side dishes 
ii. Johnny’s Restaurant 
∙ a commercialized steamboat 
style chain restaurant 
∙ offers steamboat sets and a la 
carte meals 
iii. Coco Steamboat 
∙ provides a wide selection of 
soup base and seafood
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i. Pricing 
∙ Price is fixed according to the 
set chosen, ranging from RM40 
(1-2 person) up to RM200 (10 
pax and above) 
ii. Advertising 
∙ has a Facebook account but 
inactive 
∙ its existence is shared through 
word of mouth by its loyal base 
of customers 
iii. Product Variety 
∙ only offers one type of soup 
base – clear chicken soup 
∙ limited to six steamboat sets, 
according to number of pax 
serving 
∙ only offers two side dishes – 
belacan chicken and oyster 
omelet 
Strategies Employed in 
Competing with other 
Businesses 
i. Pricing 
∙ Price per set (for 2 pax) is 
RM17.50 and single dishes are 
priced accordingly 
ii. Advertising 
∙ has a Facebook account but 
inactive 
∙ has an official website – 
www.steamboat.com.my, 
informative with outlets’ 
information and menu 
iii. Product Variety 
∙ offers four types of soup base – 
clear soup base, tom yam, ginger 
wine and pumpkin porridge soup 
∙ wide spread of steamboat 
ingredients – seafood, meat and 
vegetables 
∙ offers a variety of fried snacks 
and a la carte noodles
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4.2 Obstacles Faced by New Businesses upon Entering Their Respective Markets 
4.2.1 Money/Capital 
When a new business enters the market, it faces multiple obstacles from the surrounding 
environment. Once started, a large sum of money is needed for tax payment and a sufficient 
amount of capital for the business to start off. In the steamboat line of business, capital is needed 
mainly for the provision of steamboat appliances and ingredients as well as advertising and 
promotion of their new business. 
4.2.2 Competition 
New businesses have to strive in order to not get beaten down by existing businesses in 
the market. By playing with the prices, a business may win a customer’s heart or lose out. 
Steamboat businesses are similar in the way they compete but in order to deal with their 
competitors, new businesses have to continuously find ways to maximize their profit even when 
competition takes place. Every business seeks to maximize their profits but it does not mean to 
take advantage of their customers (refer to section 4.2.3). 
There are a few rules to maximizing profit: 
i. Minimizing cost of producing any given level of output 
For steamboat businesses, it is wise to always purchase their ingredients in bulk from 
trusted suppliers for a cheaper price and even use conducive methods of cooking; such as 
induction-based or gas-based steamboats, depending on the suitability of the restaurant itself. 
This way, restaurants are able to earn a higher profit from the sales they make.
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ii. Avoiding inefficient production technique 
Promotions and advertising are crucial for a new steamboat business to be known to their 
potential target market. Most owners have great offers but those promotions only benefit the 
customers and but has no profit return. In such cases, owners should be wise in promoting their 
offers and not be on the losing end. Similar to the products they sell, the variety of food should 
fit the taste of the target market. Having supplies that are not suitable for them will result in a 
loss for the business. 
4.2.3 Customers 
Customer satisfaction and customer loyalty is important for new businesses, especially 
steamboat businesses, to ensure that the service and food provided are of quality. In contrast with 
financial and competition problems, customers are an uncontrollable factor in marketing and 
business. To gain customer satisfaction, first impressions are important to customers as it is a 
sign that the new business will start off well. As time pass, customers will continue to be a 
deciding factor as they will always demand for something new. In this case, steamboat 
businesses can always have a change in their menu and offer promotions to ensure customer 
loyalty.
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4.3 Nature of Their Markets 
In reference to section 4.1 and 4.2, it is safe to say that the nature of the markets of both 
steamboat restaurants can be classified as monopolistic competitive. Monopolistic competition 
can be described as a common market structure where the business has many competitors but 
each one sells a slightly different product. Monopolistic competition can be identified through 
few characteristics which include product differences, ability to change market price and the 
barriers of entry. 
Even though Goh Huat Seng Restaurant and Ho Ho Steamboat Restaurant fall under the 
same category, there are a few notable differences between their products. For example, Ho Ho 
Steamboat Restaurant offers a variety of a la carte side dishes whereas Goh Huat Seng 
Restaurant only offers belacan fried chicken and fried oyster omelet as side dishes to 
complement their steamboat sets. Therefore, both the restaurants cannot be considered as 
perfectly competitive as they do not offer identical products. However, both restaurants can 
compete with each other by advertising the differences between its products and the services 
provided since ambience is also part of influential aspects of the restaurant’s quality. 
On another note, the price range of the products can be changed based on perceived 
differences but changing it frequently may cause the restaurant to lose customers to their 
competitors. Hence, it can be concluded that there is limited ability which can affect its market 
price, unlike pure competition, which has no such ability. 
Also, there are low barriers to entry for both steamboat restaurants. Since there are 
numerous firms waiting to enter the market every day, each with their own specialties of product 
or in pursuit of positive profits, this will distinguish steamboat restaurants from being in 
oligopoly market.
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4.4 Similarities and Differences between the Two Businesses 
Goh Huat Seng Restaurant, 
Kimberley Street, Penang 
Category Ho Ho Steamboat Restaurant, 
Shah Alam, Selangor 
Penang Location Kuala Lumpur (main outlet), 
Selangor and Johor 
5.30 p.m. to 10 p.m Business Hours 3.30 p.m to 12 a.m. 
Affordable for low-income 
people up to high-income people 
Price Range Affordable for low-income 
people up to high-income people 
Families, any age but restricted 
for Muslims due to non-halal 
status 
Potential Customers 
(group of people, age 
and religion) 
Families, any age but restricted 
for Muslims due to non-halal 
status 
i. Soup Base 
∙ clear soup base 
ii. Steamboat Ingredients 
∙ Six sets 
iii. Side Dishes 
∙ only offers belacan fried 
chicken and oyster omelet 
Menu i. Soup Base 
∙ clear soup base, tom yam, 
ginger wine and pumpkin 
porridge soup 
ii. Steamboat Ingredients 
∙ over 70 ingredients of seafood, 
meat and vegetables 
iii. Side Dishes 
∙ over 20 choices of a la carte 
side dishes 
Event reservations Services Provided No Wi-Fi but restrooms and 
credit card services are provided
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4.5 Conclusion 
Based on our analysis, Ho Ho Steamboat Restaurant is commercially successful 
compared to Goh Huat Seng Restaurant. This is due to Ho Ho Steamboat Restaurant’s ability to 
overcome obstacles that a usual steamboat business would come across. As a business with 
several branches, it overcame the problems of customers, finance and even competition. Ho Ho 
Steamboat Restaurant may attend to tough customers but by having several branches, they are 
able to make more than enough profits to cover up the loss of other branches. With a wide 
geographical area covered by Ho Ho Steamboat Restaurants, customer loyalty is easily gained 
throughout the area of Selangor and Kuala Lumpur. 
Ho Ho Steamboat itself has reasonable pricing which is affordable for most people in the 
target market. With over 70 ingredients and specializing in fresh seafood, it becomes a favourite 
to the society. The only downside of Ho Ho Steamboat Restaurant is the fact that it is a non-halal 
chain restaurant. This limits the restaurant to only serve customers who are non-Muslims, 
restricting the profit gain, thus unable to maximize their profits. 
Suitable for families, Ho Ho Steamboat Restaurant provides good service and is easily 
accessible by customers. In comparison to Goh Huat Seng Restaurant, it has a wider variety of 
food and has eight branches, allowing the business to have an extended limit to the amount of 
customers they are able to serve.
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5. Recommendation 
5.1 Goh Huat Seng Restaurant 
Goh Huat Seng Restaurant has been in the business line, estimated since 50 years ago. 
Being in the line for such a long time, the restaurant has not undergone any renovations over the 
past few decades and the interior of the restaurant is starting to look gloomy and feels stuffy. 
Customers feel uncomfortable and lose their appetite when exposed to such conditions. 
Therefore, the owner should take initiative to renovate the interior of the restaurant to 
improve the looks and comfort of the restaurant, especially by installing proper ventilation 
systems to keep the place cool and comfortable for their customers. Other than that, old 
businesses tend to lack in the promotion and advertising department because they believe that 
they are already well established. As this minimizes the chance of getting more profit, it is wise 
for the restaurant to work on their marketing and advertising by having active Instagram and 
Facebook accounts to update their customers on current promotions.
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5.2 Ho Ho Steamboat Restaurant 
Ho Ho Steamboat Restaurant is a well-known establishment with several branches all 
over Kuala Lumpur, Selangor and even Johor. Being a restaurant with many merits, it has very 
few downfalls. 
For instance, all of Ho Ho Steamboat Restaurant branches only cater to non-Muslim 
customers as they provide non-halal food. This limits the number of customers which affects 
their business, especially since the branch is opened in an area (Shah Alam) that consists of 
mostly Malays. In order to tackle this problem, Ho Ho Steamboat Restaurant should open 
branches which are halal to accommodate a wider customer range. Ho Ho Steamboat 
Restaurant should also consider lengthening their opening hours and cater for the crowd that 
would prefer to have steamboat during lunch hours. Individual small pots can be provided for the 
lunch crowd.
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6. Appendices 
6.1 Photos 
6.1.1 Goh Huat Seng Restaurant 
Date of Visit: 23rd October 2014 (Thursday) 
Left: The façade of Goh Huat Seng Restaurant; Right: The interior of the restaurant. 
Left: Aida Junita, Teoh Sze Ming and Ong Jia Hui interviewing the owner, Mr. Goh; Right: 
Scene of customers (Ong Jia Hui and her friends) having steamboat at the restaurant.
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6.1.2 Ho Ho Steamboat Restaurant 
Date of Visit: 28th October 2014 (Tuesday) 
Left: Ong Jia Hui interviewing Ms Lee; Right: Tang Pei Kei having steamboat at Ho Ho 
Steamboat Restaurant. 
Left: Interior of Ho Ho Steamboat Restaurant; Right: Customers at the restaurant.
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6.2 Interview Notes 
6.2.1 Goh Huat Seng Restaurant Interview Questions & Answers 
Interviewee Contact Details 
Name: Mr. Goh 
Job Position: Owner 
Contact Number: +6012 4831 225 
Q: When was your business founded? 
A: 1977 (However, there are 2 generations before me – my grandfather and my father. My 
father’s restaurant opened around year 1958. I learned what was needed to operate the 
restaurant from them.) 
Q: Who is/are the key founder(s)? 
A: My grandfather, Goh Huat Seng. 
Q: What are your main products? 
A: It was the TeoChew dishes (belacan chicken, fried oyster egg) until year 1975 where 
steamboat starts to come into the business. However, this restaurant no longer serves the 
TeoChew dishes after I took over the business.
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Q: Who are your customers? 
A: My customers are more towards the age group of 30+ as the taste of our dishes are rather 
plain. Also, families and tourists (especially Japanese tourists) patronize our restaurant 
frequently too. 
Q: What is the estimated/average current number of customers? 
A: During Friday and the weekends, it is usually a full house; whereas about 10-25 tables will 
be taken up on normal working days. 
Q: How many branch offices/stores do you have (if applicable)? 
A: This is the only store I have now; there are no branches so far. 
Q: How many employees/staffs do you currently have? 
A: Currently, I have 11 staffs where a partial of them are my family members. I will come to the 
restaurant to supervise everyday too. 
Q: What are the working hours for your staffs? 
A: As business starts from 5 p.m. to 9.30 p.m., the staffs will come in at 10a.m. to start 
preparing for the day. We stop taking orders by 9.30 p.m., and the staffs will clean up the 
restaurant and close up around 10 p.m. to 10.30 p.m.
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Q: Are your pricing decisions strongly affected by your competitors? 
A: No, the pricing decisions of our food are not affected by our competitors. We set the price 
according to what we think is appropriate. 
Q: What are the specialties of your restaurant? 
A: Unlike usual steamboat restaurant, we use charcoal instead of induction cooker and stove. 
Also, all of our pots are made of copper. 
Q: What are the main problems faced by the restaurant? 
A: The source of the seafood we provide is a tough and most common problem that we are 
facing as we do not have a fixed supplier. Rather, we would go and find the ingredients and 
stocks required everyday by ourselves. The seafood that we get is all local. 
Q: What are the most common complaints that you get from your customers? 
A: The most common complaint that I get is that the food are rather expensive. The customers 
would say so because they do not understand the tough process that we have to undergo in 
order to acquire the ingredients required. 
Q: What other services do you provide? 
A: In the past, we used to have delivery service. However, such service is quite costly and so it 
was stopped. Now, we provide takeaway service where we will provide the ingredients and 
soup for the customer. Also, we allow reservations for events.
Q: Is the business constantly facing strong competition from other competitors? What strategies 
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do you use to compete against them? 
A: As more and more people are entering the steamboat business, I would say yes, the business 
is constantly facing strong competition. But I do not employ any specific strategies to 
compete against my competitors, I only strive to do and be the best.
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6.2.2 Ho Ho Restaurant Interview Questions & Answers 
Interviewee Contact Details 
Name: Ms Lee Swee Eng 
Job Position: Branch Manager 
Contact Number: +6016 321 2080 
Q: When was your business founded? 
A: 1999. The first branch is located at Jalan Ipoh. We expanded our business to Kepong, Klang, 
Sri Petaling, Kuala Lumpur, and Johor, with the headquarters being located at Sri Petaling. 
We aim to be well known even to Singaporeans, which is why we have a branch in Johor. 
Q: Who is/are the key founders? 
A: My uncle, Lee Swee Bu. 
Q: What are your main products? 
A: We’re famous for our clear soup base. (Our seafood is delivered daily from Pulau Ketam to 
all the branches.) 
Q: Who are your customers? 
A: We usually serve family and friends gatherings, so we do not really target a certain age 
group of customers.
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Q: What is the estimated/average current number of customers? 
A: Weekends are usually busy and packed. However, the crowd of the customers depends on the 
branch’s location - as the population in Kuala Lumpur is denser, the number of customers is 
larger also. For example, we can serve up to 100 tables in the Shah Alam branch, but more 
than 300 tables in the Kuala Lumpur branch within one day. 
Q: How many branch offices/stores do you have (if applicable)? 
A: We have seven branches in Kuala Lumpur and Selangor area and one branch in Johor. This 
current Shah Alam branch has operated for over 10 years. The size of each of our branches is 
different as it depends on the location. For example, this one here in Shah Alam is considered 
small in size. Our headquarters occupies two shop lots, which has a second floor that can fit 
about 30-40 tables. 
Q: How many employee/staffs do you currently have? 
A: Currently, I have 10 staffs here. But there are 30-40 staffs in other bigger branches. 
Q: Are your pricing decisions strongly affected by your competitors? 
A: No, the pricing decisions of our food are not affected by our competitors. We set the price 
according to what we think is appropriate. 
Q: Do you have many competitors? Who are they? 
A: Recently, Hometown Steamboat Restaurant and Be Be Ho Steamboat Restaurant are our 
biggest competitors because they both are franchising business and they spent a lot on
advertising and interior design. There are even several small competitors who like to emulate 
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our services, styles, logo, and even using Ho Ho as their name. 
Q: What are the main problems faced by the restaurant? 
A: It is hard for us to attract our customer in the residential area (in Shah Alam), as we need to 
spend time to gain the reputation needed. 
Q: What is the most common complaint that you get from your customers? 
A: The most common complaint we received were regarding our foreign workers. As the foreign 
workers are less familiar with our dialect and language, they often misunderstood the 
customer’s request, causing some mix-ups. 
Q: Is the business constantly facing strong competition from other competitors? What strategies 
do you use to compete against them? 
A: As more and more people are entering the steamboat business, I would say yes, the business 
is constantly facing strong competition. We are only focused on our quality of food and 
services. For strategies, we will advertise and update some news on our website, newspaper, 
and we do print banners and fliers. 
Q: How much capital is required to start this business? 
A: For the small branches, they are about RM200 000. It usually takes around RM100 000 to 
RM300 000 to start a business, depending on the rental and renovation of the shops.
26 
6.3 Minutes of the Meeting 
Minute 1 
DATE 15th October 2014 
TIME 9.00 a.m. 
VENUE Norwegian Café, Taylor’s Lakeside University 
NAMES OF GROUP MEMBERS TUTORIAL GROUP ROLE 
Aida Junita Wednesday, 8-10 a.m. Secretary 
Ong Jia Hui Friday, 8-10 a.m. Research 
Ong Min Junn Friday, 8-10 a.m. Research 
Tan Pei Kei Friday, 8-10 a.m. Research 
Teoh Sze Ming Friday, 8-10 a.m. Research 
NO ACTIVITY ACTION TAKEN BY 
1. Introduction on task to discuss. Aida Junita started the topic of 
discussion – type of business to 
compare. 
2. Brainstorm on type of business to compare. All members gave various types of 
business to compare and analyze. 
3. Type of business to compare were suggested – art 
supply shop or steamboat restaurant. 
Aida Junita suggested art supply 
shop. 
Teoh Sze Ming and Ong Min Junn 
suggested steamboat restaurants. 
4. Types of business to compare were chosen – 
steamboat restaurant. 
All members agreed on comparing 
two steamboat restaurants. 
5. The two steamboat restaurants in Penang and 
Klang Valley respectively, were selected. 
Teoh Sze Ming proposed Goh Huat 
Seng Restaurant in Penang and 
Ong Min Junn proposed Ho Ho 
Steamboat Restaurant in Shah 
Alam.
27 
Minute 2 
DATE 19th October 2014 
TIME 9.00 p.m. 
VENUE Online discussion through WhatsApp & Facebook 
NAMES OF GROUP MEMBERS TUTORIAL GROUP ROLE 
Aida Junita Wednesday, 8-10 a.m. Secretary 
Nurin Abdullah Friday, 8-10 a.m. Research 
Ong Jia Hui Friday, 8-10 a.m. Research 
Ong Min Junn Friday, 8-10 a.m. Research 
Tan Pei Kei Friday, 8-10 a.m. Research 
Teoh Sze Ming Friday, 8-10 a.m. Research 
NO ACTIVITY ACTION TAKEN BY 
1. Introduction on task to discuss. Ong Min Junn started the topic of 
discussion – list of interview 
questions. 
2. Brainstorm on list of interview questions to be 
asked. 
All members gave various 
suggestions of questions to be 
asked during the interview. 
3. Finalized the list of interview questions to be 
asked. 
All members gave positive input. 
Aida Junita compiled the list of 
interview questions.
28 
Minute 3 
DATE 21st November 2014 
TIME 12.00 p.m. 
VENUE Tiffins, Taylor’s Lakeside University 
NAMES OF GROUP MEMBERS TUTORIAL GROUP ROLE 
Aida Junita Wednesday, 8-10 a.m. Secretary 
Nurin Abdullah Friday, 8-10 a.m. Research 
Ong Jia Hui Friday, 8-10 a.m. Research 
Ong Min Junn Friday, 8-10 a.m. Research 
Tan Pei Kei Friday, 8-10 a.m. Videographer 
Teoh Sze Ming Friday, 8-10 a.m. Research 
NO ACTIVITY ACTION TAKEN BY 
1. Introduction on task to discuss. Ong Min Junn started the topic of 
discussion – task delegation. 
2. Tasks were delegated among group members. All members got their task to 
complete for the report and 
presentation. 
3. Take note of individual’s tasks and 
responsibilities. 
Aida Junita – competitive 
behaviours and compilation of 
report. 
Nurin Abdullah – nature of 
business. 
Ong Jia Hui – history of business. 
Ong Min Junn – strategies 
employed, recommendations and 
presentation slides. 
Tang Pei Kei – artistic cover art 
and description of business. 
Teoh Sze Ming – competitive 
behaviours.
29 
7. Reference 
China Culture. (2012). Sichuan Hotpot: History. Retrieved 20th November 2014 from 
www.chinadaily.com.cn/life/2012-03/12/content_14814341.htm 
Dixit, Avinash K., & Stiglitz, Joseph E. (1977). The American Economic Review. American 
Economic Association. 
Easy Corner. (2014). 10 Steamboat Restaurants in Penang. Retrieved 29th November 2014 from 
http://easycorner.my/food-beverage/10-steamboat-restaurants-penang/ 
Ho Ho Steamboat Restaurant. (2014). Ho Ho Steamboat Restaurant. Retrieved 22nd November 
2014 from www.steamboat.com.my 
Law, H.S. (2014). Damansara Village Steamboat Restaurant at Kampung Sungai Kayu Ara, 
Petaling Jaya. Retrieved 22nd November 2014 from 
http://huislaw.blogspot.com/2014/06/damansara-village-steamboat-kampung-kayu 
ara.html 
Lim, C.P., & Too, W.P. (2002). Kuala Lumpur – the Progressive City. Kuala Lumpur, Malaysia: 
Tourism Info Production Sdn. Bhd. 
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31

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Assignment 2 report

  • 1.
  • 2. 1 SCHOOL OF ARCHITECTURE, BUILDING AND DESIGN FOUNDATION IN NATURAL & BUILT ENVIRONMENTS PRESENTATION TITLE: THE STEAMBOAT BUSINESS GROUP MEMBERS: Names Presentation Roles AIDA JUNITA (0317766) OBSTACLES FACED BY NEW BUSINESSES NURIN ABDULLAH (0318596) NATURE OF THE MARKETS ONG JIA HUI (0317752) HISTORY AND BRIEF DESCRIPTION OF BUSINESS ONG MIN JUNN (0317767) RECOMMENDATIONS TANG PEI KEI (0318545) STRATEGIES EMPLOYED BY THE BUSINESSES TEOH SZE MING (0317838) COMPETITIVE BEHAVIOURS OF THE BUSINESS ENGLISH 2 (ELG 30605) LECTURER: CASSANDRA WIJESURIA SUBMISSION & PRESENTATION DATE: 2nd DECEMBER 2014
  • 3. 2 Table of Contents Topic Page 1. Key Summary 3 2. History of Business 4 3. Brief Description of Business 6 3.1 Goh Huat Seng Restaurant 6 3.2 Ho Ho Steamboat Restaurant 7 4. Comparative Analysis of the Businesses Competitive Traits 8 4.1 Competitive Behaviours of the Businesses 8 4.2 Obstacles Faced by New Businesses upon Entering Their Respective Markets 10 4.3 Nature of the Markets 12 4.4 Similarities and Differences between the Two Businesses 13 4.5 Conclusion 14 5. Recommendations 15 5.1 Goh Huat Seng Restaurant 15 5.2 Ho Ho Steamboat Restaurant 16 6. Appendices 17 6.1 Photos 17 6.2 Interview Questions & Answers 19 6.2.1 Goh Huat Seng Restaurant 19 6.2.2 Ho Ho Steamboat Restaurant 23 6.3 Minutes of Meeting 26 7. Reference 29
  • 4. 3 1. Key Summary For this research assignment, we have chosen to study and compare the steamboat restaurant business. Two steamboat restaurants in Penang and Klang, Goh Huat Seng Restaurant and Ho Ho Steamboat Restaurant respectively, were selected for us to further understand the nature of this business. A comparative analysis is then done in terms of the businesses’ competitive traits as well as similarities and differences both businesses share. After a thorough research and analyzing, we have found that Ho Ho Steamboat Restaurant is more successful than Goh Huat Seng Restaurant.
  • 5. 4 2. History of Business Steamboat, also known as hot pot, consists of a simmering metal pot of stock with several East Asian varieties of stew. The typical steamboat ingredients include leaf vegetables, mushrooms, wontons, seafood, egg dumplings and thinly sliced meat. The ingredients are placed into the simmering pot and cooked at the table. Steamboat originated from Mongolia, having beef, mutton or horse meat as its main ingredient. Steamboat then spread to southern China during the Tang Dynasty and was further established during the Mongolian Yuan Dynasty. Steamboat became popular throughout most of China during the reign of Qing Dynasty (AD 1644 to 1912). In time, the traditional coal-heated steamboat has been replaced by the electric, propane, butane gas, or induction cooker. Even among mainland China, there are various regional variations which includes the Manchurian and Hubei steamboat, Hainan cuisine steamboat, and the Cantonese variation. In other regions, there are dozens of varieties of steamboat with its own distinguished flavor and style. In Japan, steamboat dishes are called Nabemono, with Sukiyaki and shabu-shabu being the most popular ones. The Taiwanese steamboat is called shabu-shabu too due to the Japanese influence. Meanwhile in Thailand, steamboat is called Thai suki with the Thai-style dipping sauce added. In Vietnam, the name for steamboat is lẩu or cù lao with the sour soup called canh chua. Up until several years ago, most steamboat joints in Malaysia serve plain stocks made from chicken or pork ribs. However, the steamboat business has upgraded nowadays and most of the steamboats are now served with two types of broths in the segmented pot, with its option ranging from tom yam, spicy curry, tongue-numbing Szechuan pepper soup, tangy assam to
  • 6. simple clear chicken soup. Many Malaysian steamboat restaurants are located nearer to the suburban residential neighbourhoods as an area with a good mix of residential and commercial properties will help keep the business afloat. The induction cooker is now widely used in many steamboat restaurants in Malaysia as it cuts off the usage of gases and is less of a hassle to clean 5 up.
  • 7. 6 3. Brief Description of the Businesses 3.1 Goh Huat Seng Restaurant Goh Huat Seng Restaurant, located at Kimberley Street, George Town, is one of most well-known steamboat restaurant in Penang that specializes in charcoal steamboat. It has been around for more than 50 years and is the only existing branch. The restaurant currently has eleven employees, most of which are family members of the owner, Mr. Goh. Founded by Goh Huat Seng, the grandfather of the current owner, this restaurant was established in the year 1958. The main product they offer is evidently steamboat, with fixed steamboat sets (a total of six sets altogether) which fits accordingly to the number of pax. Housing almost 10 up to 25 tables on average working days, the restaurant itself can cater around 200 patrons at a time. Goh Huat Seng Restaurant only serves one type of soup base which is the clear chicken soup, and two staple side dishes – belacan chicken and oyster omelet. They used to offer other side dishes such as home cooked meat and vegetable dishes but were removed from the menu due to low demand. Goh Huat Seng Restaurant also used to offer delivery service but has been terminated as it was costly. Now, the restaurant only offers take away service, where they would provide the customers with the soup base and steamboat ingredients. Customers could also make reservations for family gatherings or events. Goh Huat Seng Restaurant was recently listed as one of the restaurants for Best Restaurant Guide awarded by iNPENANG (a premier social & tourism magazine) for the year 2014/2015.
  • 8. 7 3.2 Ho Ho Restaurant Ho Ho Steamboat Restaurant, located in Shah Alam, Selangor is one of the eight outlets opened in Malaysia, six being in the area of Kuala Lumpur and Selangor and one in Johor. The branch in Shah Alam was founded in 1999 by the branch manager’s uncle, Mr. Lee Swee Bu. Currently; the branch has ten employees, most of which are foreign workers. Ho Ho Steamboat Restaurant specializes in steamboat, offering four types of soup bases which include clear soup base, tom yam, ginger wine and pumpkin porridge soup. The restaurant also offers a wide range of steamboat ingredients covering more than 70 choices of seafood, meat and vegetables. A la carte dishes such as fried snacks and fried noodles are sold as well. The Ho Ho Steamboat Restaurant in Shah Alam can cater up to 100 customers at a time and is available for reservations of family functions and gatherings. Although the branch in Shah Alam is in the phase of gaining its reputation amongst the local residents here, it is usually a full house during weekends.
  • 9. 8 4. Comparative Analysis of the Businesses’ Competitive Traits 4.1 Competitive Behaviours of the Businesses Goh Huat Seng Restaurant, Kimberley Street, Penang Category Ho Ho Steamboat Restaurant, Shah Alam, Selangor There are around 12 steamboat restaurants in George Town area. Number of Competitors in Respective Geographical Markets There are around 16 steamboat restaurants in Shah Alam. The top 3 competitors of Goh Huat Seng Restaurant are: i. Zi Wei Yuan Steamboat ∙ one of the top charcoal steamboat restaurant in Penang ∙ signature milky soup base stewed with deep fried fish bone, yam and asam boi ii. Eam Huat Restaurant ∙ offers a specialty of homemade pork meat ball and Fook Chau fish ball iii. Huo Tan Wang Charcoal Fish Head Steamboat ∙ known for their charcoal fish head steamboat Brief Description of Top 3 Competitors The top 3 competitors of Ho Ho Steamboat Restaurant are: i. Damansara Village Steamboat Restaurant ∙ Pulau Ketam style steamboat restaurant; has three outlets ∙ offers a range of fresh seafood for steamboat and side dishes ii. Johnny’s Restaurant ∙ a commercialized steamboat style chain restaurant ∙ offers steamboat sets and a la carte meals iii. Coco Steamboat ∙ provides a wide selection of soup base and seafood
  • 10. 9 i. Pricing ∙ Price is fixed according to the set chosen, ranging from RM40 (1-2 person) up to RM200 (10 pax and above) ii. Advertising ∙ has a Facebook account but inactive ∙ its existence is shared through word of mouth by its loyal base of customers iii. Product Variety ∙ only offers one type of soup base – clear chicken soup ∙ limited to six steamboat sets, according to number of pax serving ∙ only offers two side dishes – belacan chicken and oyster omelet Strategies Employed in Competing with other Businesses i. Pricing ∙ Price per set (for 2 pax) is RM17.50 and single dishes are priced accordingly ii. Advertising ∙ has a Facebook account but inactive ∙ has an official website – www.steamboat.com.my, informative with outlets’ information and menu iii. Product Variety ∙ offers four types of soup base – clear soup base, tom yam, ginger wine and pumpkin porridge soup ∙ wide spread of steamboat ingredients – seafood, meat and vegetables ∙ offers a variety of fried snacks and a la carte noodles
  • 11. 10 4.2 Obstacles Faced by New Businesses upon Entering Their Respective Markets 4.2.1 Money/Capital When a new business enters the market, it faces multiple obstacles from the surrounding environment. Once started, a large sum of money is needed for tax payment and a sufficient amount of capital for the business to start off. In the steamboat line of business, capital is needed mainly for the provision of steamboat appliances and ingredients as well as advertising and promotion of their new business. 4.2.2 Competition New businesses have to strive in order to not get beaten down by existing businesses in the market. By playing with the prices, a business may win a customer’s heart or lose out. Steamboat businesses are similar in the way they compete but in order to deal with their competitors, new businesses have to continuously find ways to maximize their profit even when competition takes place. Every business seeks to maximize their profits but it does not mean to take advantage of their customers (refer to section 4.2.3). There are a few rules to maximizing profit: i. Minimizing cost of producing any given level of output For steamboat businesses, it is wise to always purchase their ingredients in bulk from trusted suppliers for a cheaper price and even use conducive methods of cooking; such as induction-based or gas-based steamboats, depending on the suitability of the restaurant itself. This way, restaurants are able to earn a higher profit from the sales they make.
  • 12. 11 ii. Avoiding inefficient production technique Promotions and advertising are crucial for a new steamboat business to be known to their potential target market. Most owners have great offers but those promotions only benefit the customers and but has no profit return. In such cases, owners should be wise in promoting their offers and not be on the losing end. Similar to the products they sell, the variety of food should fit the taste of the target market. Having supplies that are not suitable for them will result in a loss for the business. 4.2.3 Customers Customer satisfaction and customer loyalty is important for new businesses, especially steamboat businesses, to ensure that the service and food provided are of quality. In contrast with financial and competition problems, customers are an uncontrollable factor in marketing and business. To gain customer satisfaction, first impressions are important to customers as it is a sign that the new business will start off well. As time pass, customers will continue to be a deciding factor as they will always demand for something new. In this case, steamboat businesses can always have a change in their menu and offer promotions to ensure customer loyalty.
  • 13. 12 4.3 Nature of Their Markets In reference to section 4.1 and 4.2, it is safe to say that the nature of the markets of both steamboat restaurants can be classified as monopolistic competitive. Monopolistic competition can be described as a common market structure where the business has many competitors but each one sells a slightly different product. Monopolistic competition can be identified through few characteristics which include product differences, ability to change market price and the barriers of entry. Even though Goh Huat Seng Restaurant and Ho Ho Steamboat Restaurant fall under the same category, there are a few notable differences between their products. For example, Ho Ho Steamboat Restaurant offers a variety of a la carte side dishes whereas Goh Huat Seng Restaurant only offers belacan fried chicken and fried oyster omelet as side dishes to complement their steamboat sets. Therefore, both the restaurants cannot be considered as perfectly competitive as they do not offer identical products. However, both restaurants can compete with each other by advertising the differences between its products and the services provided since ambience is also part of influential aspects of the restaurant’s quality. On another note, the price range of the products can be changed based on perceived differences but changing it frequently may cause the restaurant to lose customers to their competitors. Hence, it can be concluded that there is limited ability which can affect its market price, unlike pure competition, which has no such ability. Also, there are low barriers to entry for both steamboat restaurants. Since there are numerous firms waiting to enter the market every day, each with their own specialties of product or in pursuit of positive profits, this will distinguish steamboat restaurants from being in oligopoly market.
  • 14. 13 4.4 Similarities and Differences between the Two Businesses Goh Huat Seng Restaurant, Kimberley Street, Penang Category Ho Ho Steamboat Restaurant, Shah Alam, Selangor Penang Location Kuala Lumpur (main outlet), Selangor and Johor 5.30 p.m. to 10 p.m Business Hours 3.30 p.m to 12 a.m. Affordable for low-income people up to high-income people Price Range Affordable for low-income people up to high-income people Families, any age but restricted for Muslims due to non-halal status Potential Customers (group of people, age and religion) Families, any age but restricted for Muslims due to non-halal status i. Soup Base ∙ clear soup base ii. Steamboat Ingredients ∙ Six sets iii. Side Dishes ∙ only offers belacan fried chicken and oyster omelet Menu i. Soup Base ∙ clear soup base, tom yam, ginger wine and pumpkin porridge soup ii. Steamboat Ingredients ∙ over 70 ingredients of seafood, meat and vegetables iii. Side Dishes ∙ over 20 choices of a la carte side dishes Event reservations Services Provided No Wi-Fi but restrooms and credit card services are provided
  • 15. 14 4.5 Conclusion Based on our analysis, Ho Ho Steamboat Restaurant is commercially successful compared to Goh Huat Seng Restaurant. This is due to Ho Ho Steamboat Restaurant’s ability to overcome obstacles that a usual steamboat business would come across. As a business with several branches, it overcame the problems of customers, finance and even competition. Ho Ho Steamboat Restaurant may attend to tough customers but by having several branches, they are able to make more than enough profits to cover up the loss of other branches. With a wide geographical area covered by Ho Ho Steamboat Restaurants, customer loyalty is easily gained throughout the area of Selangor and Kuala Lumpur. Ho Ho Steamboat itself has reasonable pricing which is affordable for most people in the target market. With over 70 ingredients and specializing in fresh seafood, it becomes a favourite to the society. The only downside of Ho Ho Steamboat Restaurant is the fact that it is a non-halal chain restaurant. This limits the restaurant to only serve customers who are non-Muslims, restricting the profit gain, thus unable to maximize their profits. Suitable for families, Ho Ho Steamboat Restaurant provides good service and is easily accessible by customers. In comparison to Goh Huat Seng Restaurant, it has a wider variety of food and has eight branches, allowing the business to have an extended limit to the amount of customers they are able to serve.
  • 16. 15 5. Recommendation 5.1 Goh Huat Seng Restaurant Goh Huat Seng Restaurant has been in the business line, estimated since 50 years ago. Being in the line for such a long time, the restaurant has not undergone any renovations over the past few decades and the interior of the restaurant is starting to look gloomy and feels stuffy. Customers feel uncomfortable and lose their appetite when exposed to such conditions. Therefore, the owner should take initiative to renovate the interior of the restaurant to improve the looks and comfort of the restaurant, especially by installing proper ventilation systems to keep the place cool and comfortable for their customers. Other than that, old businesses tend to lack in the promotion and advertising department because they believe that they are already well established. As this minimizes the chance of getting more profit, it is wise for the restaurant to work on their marketing and advertising by having active Instagram and Facebook accounts to update their customers on current promotions.
  • 17. 16 5.2 Ho Ho Steamboat Restaurant Ho Ho Steamboat Restaurant is a well-known establishment with several branches all over Kuala Lumpur, Selangor and even Johor. Being a restaurant with many merits, it has very few downfalls. For instance, all of Ho Ho Steamboat Restaurant branches only cater to non-Muslim customers as they provide non-halal food. This limits the number of customers which affects their business, especially since the branch is opened in an area (Shah Alam) that consists of mostly Malays. In order to tackle this problem, Ho Ho Steamboat Restaurant should open branches which are halal to accommodate a wider customer range. Ho Ho Steamboat Restaurant should also consider lengthening their opening hours and cater for the crowd that would prefer to have steamboat during lunch hours. Individual small pots can be provided for the lunch crowd.
  • 18. 17 6. Appendices 6.1 Photos 6.1.1 Goh Huat Seng Restaurant Date of Visit: 23rd October 2014 (Thursday) Left: The façade of Goh Huat Seng Restaurant; Right: The interior of the restaurant. Left: Aida Junita, Teoh Sze Ming and Ong Jia Hui interviewing the owner, Mr. Goh; Right: Scene of customers (Ong Jia Hui and her friends) having steamboat at the restaurant.
  • 19. 18 6.1.2 Ho Ho Steamboat Restaurant Date of Visit: 28th October 2014 (Tuesday) Left: Ong Jia Hui interviewing Ms Lee; Right: Tang Pei Kei having steamboat at Ho Ho Steamboat Restaurant. Left: Interior of Ho Ho Steamboat Restaurant; Right: Customers at the restaurant.
  • 20. 19 6.2 Interview Notes 6.2.1 Goh Huat Seng Restaurant Interview Questions & Answers Interviewee Contact Details Name: Mr. Goh Job Position: Owner Contact Number: +6012 4831 225 Q: When was your business founded? A: 1977 (However, there are 2 generations before me – my grandfather and my father. My father’s restaurant opened around year 1958. I learned what was needed to operate the restaurant from them.) Q: Who is/are the key founder(s)? A: My grandfather, Goh Huat Seng. Q: What are your main products? A: It was the TeoChew dishes (belacan chicken, fried oyster egg) until year 1975 where steamboat starts to come into the business. However, this restaurant no longer serves the TeoChew dishes after I took over the business.
  • 21. 20 Q: Who are your customers? A: My customers are more towards the age group of 30+ as the taste of our dishes are rather plain. Also, families and tourists (especially Japanese tourists) patronize our restaurant frequently too. Q: What is the estimated/average current number of customers? A: During Friday and the weekends, it is usually a full house; whereas about 10-25 tables will be taken up on normal working days. Q: How many branch offices/stores do you have (if applicable)? A: This is the only store I have now; there are no branches so far. Q: How many employees/staffs do you currently have? A: Currently, I have 11 staffs where a partial of them are my family members. I will come to the restaurant to supervise everyday too. Q: What are the working hours for your staffs? A: As business starts from 5 p.m. to 9.30 p.m., the staffs will come in at 10a.m. to start preparing for the day. We stop taking orders by 9.30 p.m., and the staffs will clean up the restaurant and close up around 10 p.m. to 10.30 p.m.
  • 22. 21 Q: Are your pricing decisions strongly affected by your competitors? A: No, the pricing decisions of our food are not affected by our competitors. We set the price according to what we think is appropriate. Q: What are the specialties of your restaurant? A: Unlike usual steamboat restaurant, we use charcoal instead of induction cooker and stove. Also, all of our pots are made of copper. Q: What are the main problems faced by the restaurant? A: The source of the seafood we provide is a tough and most common problem that we are facing as we do not have a fixed supplier. Rather, we would go and find the ingredients and stocks required everyday by ourselves. The seafood that we get is all local. Q: What are the most common complaints that you get from your customers? A: The most common complaint that I get is that the food are rather expensive. The customers would say so because they do not understand the tough process that we have to undergo in order to acquire the ingredients required. Q: What other services do you provide? A: In the past, we used to have delivery service. However, such service is quite costly and so it was stopped. Now, we provide takeaway service where we will provide the ingredients and soup for the customer. Also, we allow reservations for events.
  • 23. Q: Is the business constantly facing strong competition from other competitors? What strategies 22 do you use to compete against them? A: As more and more people are entering the steamboat business, I would say yes, the business is constantly facing strong competition. But I do not employ any specific strategies to compete against my competitors, I only strive to do and be the best.
  • 24. 23 6.2.2 Ho Ho Restaurant Interview Questions & Answers Interviewee Contact Details Name: Ms Lee Swee Eng Job Position: Branch Manager Contact Number: +6016 321 2080 Q: When was your business founded? A: 1999. The first branch is located at Jalan Ipoh. We expanded our business to Kepong, Klang, Sri Petaling, Kuala Lumpur, and Johor, with the headquarters being located at Sri Petaling. We aim to be well known even to Singaporeans, which is why we have a branch in Johor. Q: Who is/are the key founders? A: My uncle, Lee Swee Bu. Q: What are your main products? A: We’re famous for our clear soup base. (Our seafood is delivered daily from Pulau Ketam to all the branches.) Q: Who are your customers? A: We usually serve family and friends gatherings, so we do not really target a certain age group of customers.
  • 25. 24 Q: What is the estimated/average current number of customers? A: Weekends are usually busy and packed. However, the crowd of the customers depends on the branch’s location - as the population in Kuala Lumpur is denser, the number of customers is larger also. For example, we can serve up to 100 tables in the Shah Alam branch, but more than 300 tables in the Kuala Lumpur branch within one day. Q: How many branch offices/stores do you have (if applicable)? A: We have seven branches in Kuala Lumpur and Selangor area and one branch in Johor. This current Shah Alam branch has operated for over 10 years. The size of each of our branches is different as it depends on the location. For example, this one here in Shah Alam is considered small in size. Our headquarters occupies two shop lots, which has a second floor that can fit about 30-40 tables. Q: How many employee/staffs do you currently have? A: Currently, I have 10 staffs here. But there are 30-40 staffs in other bigger branches. Q: Are your pricing decisions strongly affected by your competitors? A: No, the pricing decisions of our food are not affected by our competitors. We set the price according to what we think is appropriate. Q: Do you have many competitors? Who are they? A: Recently, Hometown Steamboat Restaurant and Be Be Ho Steamboat Restaurant are our biggest competitors because they both are franchising business and they spent a lot on
  • 26. advertising and interior design. There are even several small competitors who like to emulate 25 our services, styles, logo, and even using Ho Ho as their name. Q: What are the main problems faced by the restaurant? A: It is hard for us to attract our customer in the residential area (in Shah Alam), as we need to spend time to gain the reputation needed. Q: What is the most common complaint that you get from your customers? A: The most common complaint we received were regarding our foreign workers. As the foreign workers are less familiar with our dialect and language, they often misunderstood the customer’s request, causing some mix-ups. Q: Is the business constantly facing strong competition from other competitors? What strategies do you use to compete against them? A: As more and more people are entering the steamboat business, I would say yes, the business is constantly facing strong competition. We are only focused on our quality of food and services. For strategies, we will advertise and update some news on our website, newspaper, and we do print banners and fliers. Q: How much capital is required to start this business? A: For the small branches, they are about RM200 000. It usually takes around RM100 000 to RM300 000 to start a business, depending on the rental and renovation of the shops.
  • 27. 26 6.3 Minutes of the Meeting Minute 1 DATE 15th October 2014 TIME 9.00 a.m. VENUE Norwegian Café, Taylor’s Lakeside University NAMES OF GROUP MEMBERS TUTORIAL GROUP ROLE Aida Junita Wednesday, 8-10 a.m. Secretary Ong Jia Hui Friday, 8-10 a.m. Research Ong Min Junn Friday, 8-10 a.m. Research Tan Pei Kei Friday, 8-10 a.m. Research Teoh Sze Ming Friday, 8-10 a.m. Research NO ACTIVITY ACTION TAKEN BY 1. Introduction on task to discuss. Aida Junita started the topic of discussion – type of business to compare. 2. Brainstorm on type of business to compare. All members gave various types of business to compare and analyze. 3. Type of business to compare were suggested – art supply shop or steamboat restaurant. Aida Junita suggested art supply shop. Teoh Sze Ming and Ong Min Junn suggested steamboat restaurants. 4. Types of business to compare were chosen – steamboat restaurant. All members agreed on comparing two steamboat restaurants. 5. The two steamboat restaurants in Penang and Klang Valley respectively, were selected. Teoh Sze Ming proposed Goh Huat Seng Restaurant in Penang and Ong Min Junn proposed Ho Ho Steamboat Restaurant in Shah Alam.
  • 28. 27 Minute 2 DATE 19th October 2014 TIME 9.00 p.m. VENUE Online discussion through WhatsApp & Facebook NAMES OF GROUP MEMBERS TUTORIAL GROUP ROLE Aida Junita Wednesday, 8-10 a.m. Secretary Nurin Abdullah Friday, 8-10 a.m. Research Ong Jia Hui Friday, 8-10 a.m. Research Ong Min Junn Friday, 8-10 a.m. Research Tan Pei Kei Friday, 8-10 a.m. Research Teoh Sze Ming Friday, 8-10 a.m. Research NO ACTIVITY ACTION TAKEN BY 1. Introduction on task to discuss. Ong Min Junn started the topic of discussion – list of interview questions. 2. Brainstorm on list of interview questions to be asked. All members gave various suggestions of questions to be asked during the interview. 3. Finalized the list of interview questions to be asked. All members gave positive input. Aida Junita compiled the list of interview questions.
  • 29. 28 Minute 3 DATE 21st November 2014 TIME 12.00 p.m. VENUE Tiffins, Taylor’s Lakeside University NAMES OF GROUP MEMBERS TUTORIAL GROUP ROLE Aida Junita Wednesday, 8-10 a.m. Secretary Nurin Abdullah Friday, 8-10 a.m. Research Ong Jia Hui Friday, 8-10 a.m. Research Ong Min Junn Friday, 8-10 a.m. Research Tan Pei Kei Friday, 8-10 a.m. Videographer Teoh Sze Ming Friday, 8-10 a.m. Research NO ACTIVITY ACTION TAKEN BY 1. Introduction on task to discuss. Ong Min Junn started the topic of discussion – task delegation. 2. Tasks were delegated among group members. All members got their task to complete for the report and presentation. 3. Take note of individual’s tasks and responsibilities. Aida Junita – competitive behaviours and compilation of report. Nurin Abdullah – nature of business. Ong Jia Hui – history of business. Ong Min Junn – strategies employed, recommendations and presentation slides. Tang Pei Kei – artistic cover art and description of business. Teoh Sze Ming – competitive behaviours.
  • 30. 29 7. Reference China Culture. (2012). Sichuan Hotpot: History. Retrieved 20th November 2014 from www.chinadaily.com.cn/life/2012-03/12/content_14814341.htm Dixit, Avinash K., & Stiglitz, Joseph E. (1977). The American Economic Review. American Economic Association. Easy Corner. (2014). 10 Steamboat Restaurants in Penang. Retrieved 29th November 2014 from http://easycorner.my/food-beverage/10-steamboat-restaurants-penang/ Ho Ho Steamboat Restaurant. (2014). Ho Ho Steamboat Restaurant. Retrieved 22nd November 2014 from www.steamboat.com.my Law, H.S. (2014). Damansara Village Steamboat Restaurant at Kampung Sungai Kayu Ara, Petaling Jaya. Retrieved 22nd November 2014 from http://huislaw.blogspot.com/2014/06/damansara-village-steamboat-kampung-kayu ara.html Lim, C.P., & Too, W.P. (2002). Kuala Lumpur – the Progressive City. Kuala Lumpur, Malaysia: Tourism Info Production Sdn. Bhd. Mak, L.Y. (2006). Malaysia Truly Asia Travel Guide. Selangor, Malaysia: Aim Advertising Sdn. Bhd. McAlese, D. (2001). Economics for Business. Harlow, England: Pearson Education Limited.
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