NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY

Glen Dale C. Zerrudo BSN 2A

LESSON 1: BUSINESS MODEL AND PLAN

Assignment No. 6
Mas 3-1

Netflix’s Disruption Netflix, founded in 1997 in California, disrupted video rental

stores such as Blockbuster with its subscription service, which mailed DVDs
directly to customers’ homes. The rental stores, whose business model was
predicated on revenue from late fees, could not compete with the ease and
convenience of home delivery coupled with lower costs than the per-tape rental
fees. But as streaming video content directly to televisions or over-the-top devices
disrupted Netflix’s original DVD-by-mail model, Netflix moved to offer a
streaming service in addition to the DVD by mail model. In both instances,
Netflix’s prevailing model was predicated on serving as a distribution outlet for
content created by other businesses. Netflix in recent years has begun not only
distributing others’ content but creating its own TV and movie content as well.
(Orange Is the New Black and The Unbreakable Kimmy Schmidt are both original
Netflix series; The Irishman is an original Netflix film.) Now content creators such
as Disney and Marvel are creating their own streaming distribution platforms to
exclusively deliver their own content, eventually pulling those shows from Netflix.
• What should Netflix do to counter this threat to the third iteration of its business model?

- Netflix can counter this threat by lowering subscription prices to entice more viewership, offering
student discounts, and providing unique features.

• What threats does the end of net neutrality pose to Netflix’s business model?

- If Netflix fails to pay priority fees to entertainment creators, it will slow down its website and
applications.

• If you were in charge at Netflix, would you pay more to Internet providers to
gain faster delivery of your content on the Internet? Why or why not?
- Yes, as long as it makes a significant impact on the app's general users. If Netflix subscribers
had no quicker internet connections, they could easily switch to HULU, HBO, and other
services.

Glen Dale C. Zerrudo BSN 2A

 NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY
Glen Dale C. Zerrudo BSN 2A

Instruction:
Answer each question with one (1) sentence only except #4. Failure to follow
the instruction will translate to no SCORE.

1) What role do customers play in innovation? Is innovation possible without customer support? (10
points)

Innovation is not possible without customer support because they are the key innovation partner.
The customers are the reason why you established the business. Customer feedback, ideas, and
recommendations make the innovation possible for your venture.

2) Explain the purpose and importance of business plan. (10 points)

A business plan aims to aid in the development of a strategy for starting your own company, as
well as to provide information on actions to take, resources required to achieve your objectives,
and a timeline for projected outcomes.

3) Should you write a business plan even if you do not need outside financing? Why or why not? (10
points)

Yes, every business should develop a lean business strategy and analyze and alter it on a regular
basis, since a business plan helps us to express our vision to others and encourage them to assist us
in meeting our objectives.

4) The National Nurses Association launched its PILOT Innovation Challenge. The
challenge is centered on a specific challenge question aimed at helping the
association’s primary customers, nurses. The most recent challenge question was,
“What is an unconventional way nurses and other local health provider could serve
communities?” The PILOT organizers have contracted you to help them design
their next challenge. Using your knowledge of innovation and customer-centric
entrepreneurship processes, what would you advise? How would you go about
determining the challenge question? What questions about innovation would you
have regarding the Innovation Challenge? (30 points)

To deliver the utmost service to our key clients, nurses, and other healthcare providers,
we must first identify the global issues we are facing right now. For instance, the
promotion of hygiene, the importance of the vaccine, and how to stop the COVID from
mutating. They should explore a matter that would stimulate the inventive or creative
thinking of medical personnel such as nurses because it is a customer-centric business,
innovation must be focused on meeting the demands and benefits of the customers
whether medically or basic needs. I would urge them to identify the problem to come up
with a solution, and thus innovate. When deciding on the challenge question, I'll
evaluate the present scenario (pandemic) as well as the nurses' responses to surveys and
individual interviews about the difficulties or issues they're currently facing and aiming
to solve.

Glen Dale C. Zerrudo BSN 2A

 NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY
Glen Dale C. Zerrudo BSN 2A

Example:

“Do you receive your hazard pays on time?”

“Are you satisfied with the COVID protocols and benefits provided by your company?”

LESSON 2: BUSINESS MODEL AND PLAN

Assignment No. 2
Fas 3-2

Limit you answer in 1 -3 sentences. Failure to follow instruction means no score.

1. What is “networking”?

Finding and creating contacts with business people with whom you may trade information, ideas,
and goods are what networking entails. This hastily formed circle or network is comprised of
reliable business associates. It may also be defined as the process of developing a mutually
advantageous relationship with other business people and possible clients or consumers in the
industry in which you are exploring.

2. What types of networks are created in a business relationship?

A corporate relationship can result in the formation of strong contact, informal, online/social,
operational, personal, and strategic networks, as well as community service clubs and professional
associations.

3. What types of organizations on college campuses can provide

opportunities for building social networks?

Roommates, classmates, social club members, special interest groups, academic organizations,
competitive and intramural sporting teams, and many more might help you make new
acquaintances.

4. What are some opportunities for you to develop the skills you need to
establish personal relationships with people that you do not know?

Participating in extracurricular activities at school, such as athletic competitions, cultural

competitions, discussions, theater and plays, educational excursions, and activity camps, are
some of the finest methods for a person, particularly a student, to enhance his or her abilities in

Glen Dale C. Zerrudo BSN 2A

 NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY
Glen Dale C. Zerrudo BSN 2A

developing a personal relationship with people they do not know. Since, while participating in
these activities, a person will be exposed to a variety of individuals with diverse attitudes and
ideas, allowing them to anticipate what to react to if they come across someone who acts
similarly to the person or persons they've just encountered. Attending workshops, concerts, and
meet-and-greet events with your other fans can also help you enhance your talents.

FQ 3-2

Limit you answer in 1 -3 sentences. Failure to follow instruction means no score.

1. How are social connections made in early life the same as those made on the
college campus? How are they different? (10 points)

They are comparable in that they both begin with determining one's identity and then move
on to determining one's personality. It only differs in the method utilized to establish the
social interaction. In early childhood, you make connections out of curiosity and just by
asking a name, however on a college campus, you make relationships because you have the
same personality, aspirations, and shared interests.

2. What are some benefits of professional associations that are not available
from government agencies or departments? (10 points)

Associations that are not available through government offices or departments provide
franchising opportunities. Because they are not affiliated with the government, these
organizations can focus on personal or societal causes.

3. How is the role of government agencies with regard to entrepreneurship different

from the roles of industry and trade associations? (10 points)

The government authorities are the ones who allow and guide the formation of industrial and
trade groups in a certain location. As for the BIR, they will be the ones to collect taxes and issue
permits; and several other government agencies are prone to having significance concerning
entrepreneurship, particularly the DOLE

LESSON 3: BUSINESS STRUCTURE OPTIONS: Legal,

Tax and Risk Issue

Glen Dale C. Zerrudo BSN 2A

 NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY
Glen Dale C. Zerrudo BSN 2A

FAs 3-3

Case Study: Answer the following briefly

You are headed off to college. Some close family members decide it would be a
good idea to buy a house in the college town and then rent it out to students, with you
also living there and actively managing it. Assuming you and your family buy it, what
form of business would you select?

It is ideal to buy a property, rent that out to students, and manage it yourself. The optimal company structure would
be a single enterprise. It is the most basic and least conventional sort of corporate organization, in which a single
person has complete control and responsibility for the company. It would be the finest source of money for a student.

FQ 3-3

Answer the following as brief as you can

Jackson owns and runs a small computer repair business, a sole proprietorship, out
of his home, with one employee. He also goes to small businesses at their locations, mostly
cleaning viruses and doing other small maintenance tasks and repairs. A family physician’s
office calls him in for a repair. He sends his employee to do the repair. Unknown to him, his
employee makes a copy of patients’ personal information and sells it on the dark web.
Jackson ends up being sued, and the plaintiffs ask the court to allow them to access
Jackson’s personal, nonbusiness bank account that also has his spouse’s funds in the
account. Can the plaintiffs take that money?

The company may be a sole proprietorship, but the information is handled or accessed on Jackson's behalf by a
third party. Jackson, the owner, should have made certain that the employee was following all privacy
regulations. As a result, the plaintiff's information was jeopardized, and she should be reimbursed for the
damages. Before accepting the money, the damaged aroused should be liquidated. If the plaintiff files a personal
claim against the owner, he or she is entitled to the money. Jackson is individually and completely accountable
for his company's obligations.

Glen Dale C. Zerrudo BSN 2A

 NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY
Glen Dale C. Zerrudo BSN 2A

LESSON 4: FUNDAMENTAL OF RESOURCE

PLANNING
FAs 3-4

Answer briefly the ff:

1. What types of tangible, intangible, and funding resources exist? Give examples of each.

Tangible resources are assets that have a physical form. For example, a place for operating a business
like an office, manufacturing facility, hospital, and a store; Machinery, vehicle, and technology.
Intangible resources are resources that cannot be seen as intellectual property, such as formulae,
designs, trademarks, and innovations. Patents, trademarks, and copyrights, in particular. includes
creative imagining such as formulas, designs, brands, and inventions. Especially patents, trademarks,
and copyrights. Funding resources are monetary resources that are necessary to start and operate a
business. This includes personal savings, bootstrapping, bank loans, angel investors, venture capitalists,
grants, and the like.

2. What is an example of a tangible resource and an intangible resource?

Tangible resource – Cash, car, land, buildings, factories, equipment/machines

Intangible resource – Patents, customer data, copyright, trademarks

3. Define the resource dependence theory?

The concept of resource dependence describes how an organization's external resources influence
its behavior. It sees inter-organizational linkages as a way to secure required resources and
improve control over resource supply.

FQ 3-4

1. Christina has always wanted to open a small neighborhood bakery,

Christina’s Confections. She is currently working out of her home,
earning income making cakes and baked goods for weddings, parties, and

Glen Dale C. Zerrudo BSN 2A

 NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY
Glen Dale C. Zerrudo BSN 2A

other special occasions. She would like to find a location for her bakery,
as she believes there is a market, and she would like to expand her
business to a retail operation. She has some money saved and her credit is
good, but she is concerned that obtaining a loan will be challenging. Sales
have been consistently increasing, and she now has one part-time
employee, but she thinks that with a retail location she will need to hire
an additional two people on a part-time basis. If she does hire staff, she
will need to consider the cost of labor, how many hours she would need
each of these staff, and the tasks she would need them to perform at this
stage in her business operation. As a result, she will need to consider their
wages as a cost of labor on top of all the other supplies, insurance, rent,
advertising, point-of-sale equipment, and various other costs she did not
have when she was operating out of her home. She needs to figure out
how she will make money and how she will finance or pay for her new
start-up costs in the retail location.

Christina needs to evaluate all the resources she would need for this
enterprise and create a checklist so that she can determine if the time is
right for her to take this important step with her bakery. As she progresses
through the process, the questions get more specific and the answers
become much more detailed.

Review Christina’s resource needs and make a list of them.

Christina’s resource needs

 Tangible resource – License and permits / Machinery Supplies/ Equipment

 Intangible resource – Trademark, checklists
 Fund resource – Bank loans, savings, Insurance, investors

Glen Dale C. Zerrudo BSN 2A

 NORTHERN NEGROS STATE COLLEGE OF SCIENCE AND TECHNOLOGY
Glen Dale C. Zerrudo BSN 2A

LESSON 5: THE NEXT STEP

FAs 3-5

Choose two cognitive biases from the chart and analyze its impact to the healthy
entrepreneurial journey (10 points each)

When one's conviction in one's abilities surpasses reality, this is referred to as overconfidence. This bias will
result in poor decision-making for the entrepreneurial journey, resulting in the development of a hazardous
endeavor. It often becomes the source of failures, such as trusting too much, which allows for a lack of
assurance procedure. A successful entrepreneurial journey will not be feasible throughout the process, and the
business will eventually fail.

Anchoring is a person's inclination to make judgments based on the first piece of information they hear. In
entrepreneurship, you must be certain that the decision you will make is the best one out of all the options
available, because the path you will take is influenced by this single piece of knowledge. This cognitive bias
can help us make good estimations based on little knowledge, but it can also lead to major errors since it
limits our capacity to think logically and consider other factors.

FQ 3-5
Instruction:
Answer each question with one (1) sentence only. Base your answer from your
module. Failure to follow the instruction will translate to no SCORE.

1) How non-disclosure agreement protects the entrepreneurial venture? (15 points)

Sensitive and secret information that might harm a company's image or defame a high-profile person
can be safeguarded by implementing a non-disclosure agreement, and it also assures that brilliant idea
won't be stolen by individuals with whom entrepreneurs are talking.

2) Explain the buy-back clause? (15 points)

A buy-back clause handles a circumstance in which a venture member is forced to depart for various
reasons and is resolved by the majority to avoid disagreements and legal concerns.

3) How can a Gantt chart help in the preparation for starting the new venture? (15 points)
A Gantt chart aids in the preparation for beginning a new business since this sort of bar chart
provides for project planning and scheduling, allowing you to analyze how long a project should
take, calculate the resources required, and organize the order in which activities will be completed.

Glen Dale C. Zerrudo BSN 2A