What is so special about Jobstreet? Like what Buffett's method states that we must invest in a company which has :
- the power to monopoly the market in long term (at least the biggest or best player in the related field) and able to survive although there were financial crisis or high market competition.
- the strong brand that can deeply influence the people when they make consumption decision.
- the demands for the products or services consistently increase year by year or remain steady growth until the end of the world *
*:(This is what Warren Buffett says, perhaps the he believes that those companies would not fall down as long as the people do not change their demand on it.)
From the Buffett way, we know that there are some companies fulfill those requirements in Malaysia. As an investor I cannot merely follow what others exactly did or do, bear in mind that we should keep our mind independence to avoid overflow information that would affect our decision making.
Jobstreet is the best player ever among the employment website companies, in Malaysia and whole region---Southeast Asia. Mark Chang who graduated from MIU, USA, and found MOL in 1995. Two years later, Mark sold MOL to another prominent entrepreneur Vincent Tan while at the same time Jobstreet was founded. Now Jobstreet has expanded to Singapore, Philippines, India, Bangladesh, Japan ,Thailand, and Indonesia
As you can see Jostreet isn't only in Malaysia but also across to the region market to make it bigger.
I would say that Jobstreet has changed the job-finding way in Malaysia as there are getting more and more people rely on Internet to find information, therefore finding a job through online isn't impossible. Early in 1992-1995, the age of establishments of Internet , there were other countries companies had done so before Jobstreet had so. But since Jobstreet did well, many people started involving into this business and compete each other with "war of price" strategy.
Jobstreet still faces the challenge from the competitors in the region, but it doesn't affect much to its profitable business in Malaysia. There was one research saying there were almost 70% of the Labour force find jobs through Internet and most of them preferred Jobstreet.com. My opinion is that Jobstreet provides various type of jobs and classified it. In other words, Jobstreet is more use-friendly compared with other employment websites in Malaysia.
Now we know that Jobstreet has established a strong brand which deeply plants into people hearts and created demand to the never-ending desire of jobseekers who always seek for the best employers or suitable positions.
I have done some homework about Jobstreet. Continue next time.
