“The country is well positioned to expand on its success in diversified business fields, and move up the value chain.”
MOHAMMED MOHSIN is the Vice President of PHP Family. He has previously served as the Director of the Chittagong Chamber of Commerce Industries and the President of the Mohammden Sporting Club. He is the Member of Korea-Bangladesh Chamber of Commerce &Industries, a life time member of Chittagong Maa-o-Shishu Hospital, and Member of Consular Corps in Bangladesh.
What are the key components of the success of your business?
The primary requirement to obtain success in any business is a clear vision of the business you would like to conduct. You must work hard and develop a plan to make that vision a reality; making this reality prosper is gathering information regarding the market condition and survey the prospect of the business. Upon entering the market, it becomes a matter of gaining visibility in the market. I regularly provide proper instructions and motivation with an emphasis on consistency to my team members to increase the efficiency of their work. A business should also impact the society, and this is apparent in the CSR work of our company.
What new ideas have you introduced for your business so far? How do you generate new ideas?
The ability to generate new ideas is an essential work skill today. From our inception, the PHP Family is consistent in establishing new products in the market. We continually focus on what new products can be introduced to the market. This skill can only develop by consciously practicing techniques that force your mind to forge new connections, break old thought patterns and consider new perspectives.
How do you define success? What is the best way to achieve long-term success?
There are numerous markers of success in a company. This includes the loyalty of the customers, the ranking of our business in terms of employment, a strong brand value and long-term innovations. We know that if our clients are continually returning to purchase our products that we must constantly strive towards creating better products that go beyond their expectation. This ideology helps us retain our success and expand.
What are your thoughts on the business climate in Bangladesh?
Bangladesh offers promising opportunities for investment. The Government of Bangladesh actively seeks foreign investment on infrastructure projects and provides a range of investment incentives under its industrial policy and export-oriented growth strategy, with few formal distinctions between foreign and domestic private investors. Bangladesh has cost efficient industrial premises in the world, which has fueled an expanding industrial base. The country is well positioned to expand on its success in diversified business fields, and move up the value chain.
What is your vision regarding the expansion of your business?
Given that company has acquired such a significant degree of success, we have even bigger plans for the future. The development of a business involves building upon the successful models that you have set up. There is no room for thoughts that one has attained perfection given that there is always room for improvement, modifications, and innovations. We must take bold steps and be willing to push our limits further to promote expansion and growth.
What was the best advice you ever got?
“Divine blessings, mixed with hard work, backed by good intentions can make miracles.” This quote is from my father Alhaj Sufi Mohamed Mizanur Rahman, the Honorable Chairman of PHP Family, which we adhere to.
ADDITIONAL INFORMATION:
WHICH BUSINESS ICON(S) DO YOU FOLLOW?
My father, Alhaj Sufi Mohamed Mizanur Rahman, Honorable Chairman, PHP Family
FAVORITE HOBBY?
Playing musical instruments.
WHEN WAS YOUR COMPANY ESTABLISHED?
In 1999 PHP Family was established
WHAT IS THE NUMBER OF EMPLOYEES YOU HAVE IN YOUR COMPANY?
10,000
WHICH SECTORS ARE BEING COVERED THROUGH THE BUSINESS?
We have numerous concerns in metal production and manufacturing that includes galvanized steel, glass, power generation, ship recycling, latex and rubber products, fisheries, spinning mills and agro production.
