Chet Presentation Summary

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Personnel training are required to commercialize herbal product. R&D and commercial strategies is vital to attract customer and keep the product of good quality. Scholarship to local or oversea university can be offered by government to support this method. Through personnel training, annual sales of herbal products are expected to increase by a big margin. Giving incentives is one of the ways to commercial herbal products. R&D required a lot of money & resources. Government is able to provide incentive for the company to carry out R&D. Without R&D, low quality products are expected to reach the market and thus decrease its commercial value. Biotech corp. is government companies that provide incentives to biotechnology that fulfill the requirement. Exports are able to generate income. Due to the low marketability Malaysia, not much herbal products are introduced to market. Government can offer tax free for the companies wish to export their product. Besides, government can negotiate with other country to provide tax exemption. Sales agent can be hired to build a path way for herbal products in other countries. personnel training. People with skills and knowledge are required to carry out research and development and think of commercial strategies about herbal products. Scholarship provide incentives New product development requires high technology and manpower many of the small and medium sized companies are limited to use old and outdated ways to process herbal products promoting exports Exports are able to generate a vast amount of income to the company.

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Transcript of Chet Presentation Summary

Personnel training are required to commercialize herbal product. R&D and commercial strategies is vital to attract customer and keep the product of good quality. Scholarship to local or oversea university can be offered by government to support this method. Through personnel training, annual sales of herbal products are expected to increase by a big margin.Giving incentives is one of the ways to commercial herbal products. R&D required a lot of money & resources. Government is able to provide incentive for the company to carry out R&D. Without R&D, low quality products are expected to reach the market and thus decrease its commercial value. Biotech corp. is government companies that provide incentives to biotechnology that fulfill the requirement.Exports are able to generate income. Due to the low marketability Malaysia, not much herbal products are introduced to market. Government can offer tax free for the companies wish to export their product. Besides, government can negotiate with other country to provide tax exemption. Sales agent can be hired to build a path way for herbal products in other countries.personnel training. People with skills and knowledge are required to carry out research and development and think of commercial strategies about herbal products.Scholarshipprovide incentivesNew product development requires high technology and manpowermany of the small and medium sized companies are limited to use old and outdated ways to process herbal productspromoting exportsExports are able to generate a vast amount of income to the company.Ministry of Agricultureshould offer tax freepromote through specific sales agent