5th Meeting

Finally, the 5th meeting take place today. In the last meeting, we said we will go through a survey on how the product should be made of. Unfortunately, the survey still on going and we still cant make any decision yet. However, we have already finish doing the research on PEST. Indeed, the leader has already edited and being moderated by Ms Su. She gives some comments on our PEST and we will rectify it again to meet her expectations.

During this meeting, we discuss about the 5 Porter factors analysis. Since we have 5 members, he leader has separate us into different category as in who is responsible for which category. Calvin is responsible for barriers to entry, Jia Xian is responsible for buyer's bargaining powers, Shun Yee will be doing the research on suppliers power, Kim will be in charge of threat substitute products and Ashley will do the research on intensity of internal rivalry.

By next week, we hope we can make decision on how the product should made of and gather the as much resources as possible for 5 proter factors for our product. That's all for this meeting.

Prepared by calvin, jia xian, ashley, shun yee and kim.
30th June 2010