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FPT Shop
FPT Shop
FPT Shop
SHOP
PREPARED BY
Page
Executive summary
1
Introduction
2
MAIN PROBLEM
Recommendation 18-21
Reference 22-23
1
FPT Shop (a retail of FPT Retail) which was established in 2012 in the
technology distribution industry and it has been a howling success
story. Nevertheless, the Covid-19 epidemic has had a severe impact on
activities and profit of this technological retail; particularly, FPT
Shop’s capacity changed during the quarantine which also has
negatively impacted customer demand as well as the risk perceived by
customers. Through the analysis of 6Ps in marketing including product,
price, place, promotion, process, people, the change in the strategy of
FPT Shop is illustrated clearly to meet the demands and boost revenue
during the outbreak such as online shopping channels, customer
service, discount and free shipping; the adjustment of capacity to
match the customer demand; a lot of promotion programs have been
provided to boost customer purchasing. Regarding the process,
procedures such as consultancy, ordering or backup are encouraged to
be carried out online; besides, FPT Shop released other insurance
policies for its technological goods. From these points, it can be seen
that FPT Shop did quite well in adapting to the change in the COVID-
19 pandemic, the company should continue to maintain and promote
strategies. In addition, the store chain needs to focus on training
employees, especially technical support staff who give customers the
best backup service after a shopping experience. In conclusion, taking
advantage of this time to improve the website and promote online
communication through social media channels to reach more
customers.
EXECUTIVE
SUMMARY
2
In 1988¹ (Frt.vn), 13 young scientists founded FPT Company with the desire to build a
new type of organization, rich and strong by creative labor efforts in science and
technology, making customers satisfied, contributing national prosperity. After 34-year
operating and development, the company gained success and expanded in diverse fields
such as telecommunications, technology, education and having other affiliated
companies. FPT Shop - one of three retail chains (the other retail chain including
F.Studio By FPT và FPT Pharma) of FPT Digital Retail Joint Stock Company ( FPT
Retail) which is a member of FPT group - was founded in 2012 and it is the first retail
chain of FPT Retail. With the mission of providing all levels of customers with positive
shopping experiences, through high quality genuine digital products, competitive prices
and friendly customer service guarantee the reputation of the business. FPT Shop
always proud of maintaining and developing the core vale:
FPT Shop is the first retail system in Vietnam granted the certificate of ISO
9001:2000 on quality management according to international standards. By the
end of 2021, FPT Shop owns 647 stores across 63 provinces of Vietnam²
(FPTShop.vn) and is the second largest retail chain in the Vietnamese
technological retail market, which specializes in distribution of mobile digital
products including mobile phones, tablets, laptops, accessories and technology
services... Nevertheless, the COVID-19 pandemic has greatly affected the economy
in general and the technological retail industry in particular, including FPT Shop.
This study will analyze the impacts of COVID-19 on the customer service demand
of FPT Shop as well as the changes in the 7Ps strategy and its effectiveness
thereby recommendations to improve the weak points.
3
MAIN PROBLEM
4
³ Tu, A. FPT Shop, Nha thuoc Long Chau muon thu gan
74 ty moi ngay. VnExpress. February 14, 2022
<https://vnexpress.net/fpt-shop-nha-thuoc-long-chau-
muon-thu-gan-74-ty-moi-ngay-
4427439.html#:~:text=FPT%20Retail%20%2D%20ch%
E1%BB%A7%20chu%E1%BB%97i%20FPT>,
6
b. Service capacity of FPT Shop
⁴ Tu, A. FPT Shop, Nha thuoc Long Chau muon thu gan 74 ty moi ngay. VnExpress. February 14, 2022
<https://vnexpress.net/fpt-shop-nha-thuoc-long-chau-muon-thu-gan-74-ty-moi-ngay-
4427439.html#:~:text=FPT%20Retail%20%2D%20ch%E1%BB%A7%20chu%E1%BB%97i%20FPT>,
7
Their competitors - CellphoneS
retail system also simultaneously
opened 12 laptop centers - smart
home devices, fully meeting
genuine laptop products from
leading brands such as: Apple,
Asus, Dell, HP…Over the past time,
the market has also witnessed the
launch of a series of new sale
chains such as ShopDunk,
ThinkPro, Topzone... in addition to
the expansion of new AAR stores
(Apple Authorized Retailer) of
familiar systems such as Viettel
Store, Di Dong Viet…⁵
⁵ Tu, A. FPT Shop, Nha thuoc Long Chau muon thu gan 74 ty moi ngay. VnExpress. February 14, 2022
<https://vnexpress.net/fpt-shop-nha-thuoc-long-chau-muon-thu-gan-74-ty-moi-ngay-
4427439.html#:~:text=FPT%20Retail%20%2D%20ch%E1%BB%A7%20chu%E1%BB%97i%20FPT>,
8
In the second place, they adjusted
their service capacity such as cross-
train employees: employees who can
perform several functions can be
moved to overcrowding points when
needed, ask customers to share, and
provide free consulting services to
customers about technology
products.
During the Covid-19 epidemic, it is clear that individuals are more concerned
with their safety and the severity of infection. People appear to be hesitant to
go out when they perceive a rising danger of health concerns. As a result, it is
acceptable to argue that physical risk to customers' health is the most
important sort of risk influencing their purchase intentions during the Covid-
19 epidemic. Furthermore, psychological risk - buyers' fear of a pandemic is a
factor influencing their desire to go out and buy items. Many people may
wonder, "How can I be certain that I will not come into touch with an infected
person?". People are more inclined to avoid risky activities as they become
more aware of the severe impacts of getting infected with SARS-CoV-2.
Because of the shift in purchasing strategy, it is clear that functional risk -
consumers' worries about product performance results - is also a factor
affecting their purchase decisions. Because of their lack of experience, most
customers will be concerned about the real quality of the items, as well as
other issues such as warranty, exchange, or problems during the shipment
process.
⁶ Minh, N 2020, "Vietnamese tech retailers manage to survive Covid-19 pandemic" , Hanoitimes, 05 April,
viewed 28 March 2022,
<https://hanoitimes.vn/vietnamese-tech-retailers-to-survive-from-covid-19-311630.html>
10
b. Impacts on service demand
Because physical, psychological,
and functional risks are perceived
by customers, it has a certain
impact on FPT Shop’s service
demand. The most significant
impact is the reduction in demand
of customers for technological
products causing difficulty in
paying all types of cost charges,
FPT Shop had to close stores due to quarantine
financial costs, advertising costs⁷…,
As customers can perceive physical and psychological risks that is the main
problem of FPT Shop when customers are restricted from going out. The
quarantine would be the FPT Shop's period of crisis due to functional risk.
During the pandemic, consumers' service needs for technology items remained
consistent. Despite the fact that the change in purchasing methods has altered
customers' shopping preferences, there is still an opportunity for tech retailers
to thrive, and possibly profit significantly, during the pandemic.
⁷ Son, M 2021, "Hang loat chuoi ban le di dong 'lao dao' vi gian cach xa hoi" , Vietnamplus, 06 September,
viewed 26 March 2022,
<https://www.vietnamplus.vn/hang-loat-chuoi-ban-le-di-dong-lao-dao-vi-gian-cach-xa-hoi/738673.vnp>
⁸ Vietnamnews 2021, "FPT Shop expands to assembled PC segment", Vietnamnews, 11 December, viewed 28
March 2022,
<https://vietnamnews.vn/economy/1105745/fpt-shop-expands-to-assembled-pc-segment.html>
⁹ VnExpress 2021, "Chuoi ban le dien thoai va laptop tang truong manh", VnExpress, 10 August, viewed 28
March 2022,
<https://vnexpress.net/chuoi-ban-le-dien-thoai-va-laptop-tang-truong-manh-4338014.html>
11
¹⁰ Vien, T 2021, "Việt Nam áp đảo top 10 sàn thương mại điện tử Đông Nam Á", VN Experess, viewed 03 April 2022,
<https://vnexpress.net/viet-nam-ap-dao-top-10-san-thuong-mai-dien-tu-dong-nam-a-4249498.html>
¹¹Nguyen, C 2021, "SỰ THỐNG TRỊ CỦA THƯƠNG MẠI ĐIỆN TỬ VÀ CƠ HỘI CHO THỊ TRƯỜNG BÁN LẺ VIỆT NAM SAU
COVID-19", Đại học Quốc gia thành phố Hồ Chí Minh, viewed 03 April 2022, <https://covid19.vnuhcm.edu.vn/su-thong-tri-
cua-thuong-mai-dien-tu-va-co-hoi-cho-thi-truong-ban-le-viet-nam-sau-covid-19/>
13
2. PRICE
¹² Nguyen, T 2022, "Hỗ trợ mùa dịch, FPT Shop ưu đãi cuối tuần đến 9 triệu", fptshop.com, viewed 03 April 2022,
<https://fptshop.com.vn/tin-tuc/tin-khuyen-mai/ho-tro-mua-dich-fpt-shop-uu-dai-cuoi-tuan-den-9-trieu-143472>
14
¹³ Thanh, L 2021, "FPT Retail tăng trưởng mạnh trong 9 tháng đầu năm", Thanh nien, viewed 03 April 2022,
<https://thanhnien.vn/fpt-retail-tang-truong-manh-trong-9-thang-dau-nam-post1396226.html>
¹⁴ Lam, T 2022, "FPT Shop mở hơn 150 Trung tâm laptop, củng cố vị trí dẫn đầu trên thị trường",fptshop.com,
viewed 03 April 2022, <https://fptshop.com.vn/tin-tuc/tin-khuyen-mai/fpt-shop-mo-hon-150-trung-tam-laptop-
cung-co-vi-tri-dan-dau-tren-thi-truong-laptop-144091#:~:text=T%E1.>
15
4. PROMOTION
¹⁵ 2021, "Bài học thành công từ chiến lược marketing của FPT Shop", Misa Amis, viewed 04 April 2022,
<https://amis.misa.vn/33770/bai-hoc-thanh-cong-tu-chien-luoc-marketing-cua-fpt-shop/>
16
5. PEOPLE
Many services will always require dry interaction
between clients and service staff, despite
improvements in various types of technology. The
competent and highly qualified team at FPT is one
of the shop's greatest assets. They are all
employees who are youthful, vibrant, well qualified,
eager, and innovative. It is FPT's most significant
asset and the bedrock of its success. Many FPT
shop executives have earned international
credentials in CISCO's network, such as CCNA,
CCNP, and CCIE, as well as international
qualifications in the MINI RS/6000, AS/400, SUN,
and HP server generations.¹⁶
¹⁶ 2021, "Bài học thành công từ chiến lược marketing của FPT Shop", Misa Amis, viewed 04 April 2022,
<https://amis.misa.vn/33770/bai-hoc-thanh-cong-tu-chien-luoc-marketing-cua-fpt-shop/>
17
Online "key orders" are not eligible for home delivery, however, the "key" will
be given to the customer's phone number or email when payment is
completed.¹⁷ FPT has announced the following payment conditions and
methods: Customers must pay 100% of the order amount in advance for
orders delivered at home and valued at VND 50 million or higher. Customers
have the option of paying with cash, a payment gateway, or a bank transfer.
FPT shop can manage orders flexibly and smoothly thanks to a rigid and clear
method in online sales; moreover, personnel regularly review customers'
messages, feedback, and remarks shop in order to give the finest service
possible, ensuring that everyone can shop efficiently throughout the difficult
epidemic time.
¹⁷ FPT Shop 2022, "Chính sách giao hàng và kinh doanh", FPT shop.com, viewed 04 April 2022,
<https://fptshop.com.vn/ho-tro>
18
RECOMMENDATION
19
Giving gifts/voucher
2021, "Bài học thành công từ chiến lược marketing của FPT Shop", Misa Amis, viewed
04 April 2022, <https://amis.misa.vn/33770/bai-hoc-thanh-cong-tu-chien-luoc-
marketing-cua-fpt-shop/>
FPT Digital 2020, Du an “Cong nghe ban le” cham “toi the he moi”, viewed March 17,
2022, <https://digital.fpt.com.vn/linh-vuc/cong-nghe-ban-le-cho-the-he-moi.html>
FPT Shop 2022, "Chính sách giao hàng và kinh doanh", FPT shop.com, viewed 04 April
2022, <https://fptshop.com.vn/ho-tro>
Lam, T 2022, "FPT Shop mở hơn 150 Trung tâm laptop, củng cố vị trí dẫn đầu trên thị
trường",fptshop.com, viewed 03 April 2022, <https://fptshop.com.vn/tin-tuc/tin-
khuyen-mai/fpt-shop-mo-hon-150-trung-tam-laptop-cung-co-vi-tri-dan-dau-tren-thi-
truong-laptop-144091#:~:text=T%E1.>
N.Chanh, 2021, "SỰ THỐNG TRỊ CỦA THƯƠNG MẠI ĐIỆN TỬ VÀ CƠ HỘI CHO THỊ
TRƯỜNG BÁN LẺ VIỆT NAM SAU COVID-19", Đại học Quốc gia thành phố Hồ Chí Minh,
viewed 03 April 2022, <https://covid19.vnuhcm.edu.vn/su-thong-tri-cua-thuong-mai-
dien-tu-va-co-hoi-cho-thi-truong-ban-le-viet-nam-sau-covid-19/>
Ngan, L. (2018), “FPT Retail gioi thieu: FPT Shop’’, FRT, viewed 26 March, 2022,
<https://frt.vn/gioi-thieu>
Son, M 2021, "Hang loat chuoi ban le di dong 'lao dao' vi gian cach xa hoi" ,
Vietnamplus, 06 September, viewed 26 March 2022,
<https://www.vietnamplus.vn/hang-loat-chuoi-ban-le-di-dong-lao-dao-vi-gian-cach-
xa-hoi/738673.vnp>
T.Luan, 2021, "FPT Retail tăng trưởng mạnh trong 9 tháng đầu năm", Thanh nien,
viewed 03 April 2022, <https://thanhnien.vn/fpt-retail-tang-truong-manh-trong-9-
thang-dau-nam-post1396226.html>
T.Nguyen, 2022, "Hỗ trợ mùa dịch, FPT Shop ưu đãi cuối tuần đến 9 triệu",
fptshop.com, viewed 03 April 2022, <https://fptshop.com.vn/tin-tuc/tin-khuyen-
mai/ho-tro-mua-dich-fpt-shop-uu-dai-cuoi-tuan-den-9-trieu-143472>
23
Tu, A. FPT Shop, Nha thuoc Long Chau muon thu gan 74 ty moi ngay. VnExpress.
February 14, 2022 ,<https://vnexpress.net/fpt-shop-nha-thuoc-long-chau-muon-thu-
gan-74-ty-moi-
ngay4427439.html#:~:text=FPT%20Retail%20%2D%20ch%E1%BB%A7%20chu%E1%BB
%97i%20FPT,>
V.Thong,2021, "Việt Nam áp đảo top 10 sàn thương mại điện tử Đông Nam Á", VN
Experess, viewed 03 April 2022,<https://vnexpress.net/viet-nam-ap-dao-top-10-san-
thuong-mai-dien-tu-dong-nam-a-4249498.html>
V.Thong,2021, "Việt Nam áp đảo top 10 sàn thương mại điện tử Đông Nam Á", VN
Experess, viewed 03 April 2022,<https://vnexpress.net/viet-nam-ap-dao-top-10-san-
thuong-mai-dien-tu-dong-nam-a-4249498.html>
VnExpress 2021, "Chuoi ban le dien thoai va laptop tang truong manh", VnExpress, 10
August, viewed 28 March 2022,