Activity/Assessment

What Have I Learned so Far?

Assume that you have an available capital that can finance any original product or
service you have in mind. Using your original product or service, apply what you have
learned in product development.

 1. Prepare a product or service: A camera

 A tripod
 A white background
 White bounce cards made of foam board
 A table
 Tape
 The right room with a window

2. What will be your game plan for your product or

service prototype? How will you test it? Give the client an excellent picture , I test it into
my family first.
3. How will you execute your market acceptability
Validation? Doing a good service at giving their a good manners.

Reflect Upon:
Based on your personal experience, cite three service businesses and three product
businesses that gave you an impressive experience because employees were properly
trained. What made you say employee were really trained?
Product companies: Splinter lands games and Online selling
Service companies: Laptop and Facebook
In all these products and services companies mentioned, I had a positive experience in relation
to the attendance of the employees, this shows that the employees were really trained. An
interesting example is Disneyland, where the slogan "The most magical place on earth" really
makes sense, as all employees were trained to provide an experience for the visitor, as they are
characterized as famous characters in the film and have a very playful way to create an
atmosphere of magic.

What Have I Learned so Far?

Using the same product or service in the first exercise, prepare a concise
business/operational plan using the 4Ms of operations.
Money, material, machine and manpower are the Four Ms, the traditional framework for viewing
the resources available to a business, which can be useful when designing a business plan.
Identifying the resource needs is generally considered in business, a task for those in
management.

Reflect Upon:
Which three companies for you have the best or ideal business model in the Philippines
or in your locality? Do you think these companies complied with the green lights and
avoided the red lights? Magnolia Company, Ginebra company and photography
company because all of this companies have a Great business models depend on
developing three "green lights," or qualities that help the business succeed: finding high-
value customers, offering significant value to customers, and delivering significant
margins. Great business models also avoid three "red lights" that can derail a business:
difficulties in satisfying customers, trouble maintaining market position, and problems
generating funding for growth. The list below outlines key factors in determining whether
your model meets each green light and avoids the red lights. Examine your own
business to see if you meet the criteria for success and, more importantly, to correct any
weaknesses you might have.

Culminating Output:
Develop a Real Life Business Plan
Choose one business opportunity (product or service) in the locality of any of the four
members of the group. Your team’s goal is to recognize an opportunity using seeking,
screening, and seizing process and to prepare a business plan for the opportunity. Your
team should come up with a concise business plan with a minimum of 10 pages, and
should follow all the concepts learned in this module such as opportunity spotting,
marketing plan, operational plan and financial plan. Your team should always cite the
sources of information to avoid plagiarism issues. Each team member should have an
assignment. Make sure that tasks are distributed based on the member’s competency.
The final business plan must be submitted on the agreed deadline.