TOPIC: Key Concepts of Accounting, Business and Management through
Identification of Potential Business Opportunities
Exercise 1.1 – THE S.W.O.T. Analysis
Choose the top two (2) businesses in your area. Give the strengths, weaknesses, opportunities and threats of each. You can provide as many answers as you can. Write your answers in bulleted form. Exercise 1.2 – PRODUCT INNOVATION From your SWOT analysis, what product can you innovate, develop and maintain now in your community? Develop an original product/service for your community. Write the processes to develop/create such product/service. Cite specific references that guided you in the process of innovation. Exercise 1.3 - INTERVIEW After you have chosen a particular product/service, choose a method you prefer to collect a data – through interview. You will do this in order to determine the viability of your product/s or service/s. Formulate five (5) important interview questions. Collect ten (10) answers from ten (10) different persons. Interview may be conducted through fb messenger/chat, text or call. (This is in compliance to IATF Protocols). Exercise 1.4 – CONCLUSIONS AND RECOMMENDATIONS From your interview, is your product feasible? Please answer in a comprehensive manner. Write yes or no on its feasibility then give the result of your interview.
Prepared by: Millie Ann Mendoza-CIHS
“TAGA-DIHS AKO: Disiplina at Kalinisan nasa Puso Ko”