Legend of Entrepreneurial Business Model: A Case Study of Lanka Harness Co. (Pvt) Ltd

Abstract

Lanka Harness Co. (Pvt) Ltd is established in 2002 and involved in assembling automobile seat belt sensor switches, airbag sensor switches, and sun visors. The assembling plant is situated in the block B of the Biyagama export processing zone. The company currently possesses 460,000 pieces capacity per month with 230 well trained labor force by the mother company. Impact sensors for automobile airbags and seat belts are the key products of the company. The products are exported to Japan, Indonesia, Romania, Thailand and India and would be assembled in famous automobile brands such as Toyota, Nissan, Honda, Mitsubishi & Mazda of Japan, Ford, General Motors and Chrysler of USA, Volvo, SAAB, BMW, Aston Martin, Opel and Renault of Europe. The company is maintaining a proper quality management system within its productions and operations which is proved by possessing ISO 9001:2008 certification. Moreover, as per the Managing Director, “the customers are concerned on 100% assurance on our products since even 1% failure would result in losing the life of the users of cars and we would lose the business. Thus, we are concerned on keeping the quality level with 1 parts per million (1 PPM).