Dato' Dr Mah Hang Soon: During the pandemic period, companies must transform to save themselves

MCA Deputy President Dato' Dr Mah Hang Soon urged companies to make a variety of changes and reforms in order to break free from the pandemic and continue to operate.

“All businesses should use transformation as one of their self-help tactics. Enterprises can only stay competitive in today’s society by modifying their business models, responding to the obstacles and impacts posed by the pandemic, mastering and understanding public consumption habits, and making use of the government's incentives.”

“During the pandemic,” he continued, “the government introduced a number of assistance programmes and initiatives to help the people. When the outbreak lasts more than a year however, businesses must undergo transformations with government assistance to address any present issues.”

During the Virtual Corporate Clinic for the "Business Day of Epidemic Enterprises", Dato' Dr Mah Hang Soon who is also the Deputy Minister of Education stated that in addition to government assistance, companies must adapt to numerous problems and transform their strategies to continue operations.

He stated that all businesses must stay alert of the many government-implemented policies for the benefit of the people and the entire society's consumption habits, as well as how to better blend in their business model into society.

He stated that, “in addition to the influence on the corporate world, Industry 4.0 and Industry 5.0 have had a significant impact on the lives of citizens. As a result, the ability to adapt to changes is a key factor for continuous operations.”

“Companies are not detached bodies; they are interrelated to many aspects, and the company's every move affects the wellbeing of everyone. Thus, many lives will be affected if businesses failed to overcome the current difficulties.”

He noted that Go Care MCA's Virtual Corporate Clinic incorporates a variety of resources, such as commercial loans, online sales, and corporate transformation advice, and can fully cater to the demands of a variety of industries.

The Virtual Corporate Clinic, according to Tan Tuan Peng, Chairman of the MCA Economic Bureau, is the first of its kind in Malaysia. Career matching, online sales, education and value-added programmes, and business transformation are its four core activities.

He stated that the majority of Malaysia’s small and medium-sized businesses are suffering serious consequences as a result of the pandemic. As a result of the pandemic, many people's earnings have decreased, and some have even lost their jobs.

“More than 40 organisations have participated in career matchings and recruitments on our platform; as a result of the pandemic's influence, the present sales paradigm has shifted, and online sales have become the norm. MCA Youth will promote online marketing and feature Internet celebrities or e-commerce experts to provide tips for internet sales on the business platform.”

The MCA Economic Bureau, MCA Youth, Wanita MCA, Social Development Committee, and CRSM GoCare collaborated on this event with LA Branding and KOJADI to promote the "Hunt Zone," for the first activity – "Virtual Corporate Clinic," to aid businesses in need.

Hunt Zone's series of events are expected to aid businesses and the general public in all facets of the pandemic. As a result, more companies are encouraged to engage in the activities. At the same time, more generous people and companies are urged to come and support them as part of giving back to society.

More info: https://gocare.org.my/product/gocarebemyhero-companydoctor/

Crisis Relief Squad of MCA

-MCA online-