My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 38 External Environment Business Model Business Strategies Business Strengths OUR BUSINESS STRENGTHS As mentioned in the prior section, MYEG’s business model enables the Group to derive various business strengths or competitive advantages in remaining a leader in its operating markets. A sound knowledge of its business strengths enables MYEG to formulate effective strategies that optimise its competitive and value creation abilities, while minimising risk exposure. The business model provides the base for MYEG’s strengths and strategies. However, the model is also flexible, being open to enhancements or improvements, where required as necessitated by the external environment, and when imperative to ensure effective capitalisation of Group business strengths and the implementation of business strategies. This approach reflects the strategic, integrated thinking that resides within MYEG. 5IF CVTJOFTT NPEFM JT BUUVOFE UPXBSET PQUJNJTJOH (SPVQ SFTPVSDFT BOE JUT JOIFSFOU QPUFOUJBM BOE DBQBCJMJUJFT UPXBSET FOTVSJOH FGGFDUJWF HP UP NBSLFU TUSBUFHJFT UIBU SFJOGPSDF CVTJOFTT TUSFOHUIT Business strategies are selected towards leveraging on the Group’s natural strengths and the robustness of the business model. However, strategies may also serve as a catalyst for improvements / changes to the business model towards ensuring successful implementation. This may also impact or alter the Group’s identified business strengths or competitive advantages.