Professional Documents
Culture Documents
I INTRODUCTION ………………………………………………………………………... 5
Vision …………………………………………………………………………………… 6
Mission …………………………………………………………………………………. 6
Objectives ……………………………………………………………………………… 6
Organizers ……………………………………………………………………………… 10
Stakeholders …………………………………………………………………………… 16
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Market Justification ………………………………………………………………….… 18
Description ……………………………………………………………………………… 21
Evolution ……………………………………………………………………………...… 22
Justifications ………………………………………………………………………….… 25
Marketing ……………………………………………………………………………..… 26
Operations ……………………………………………………………………………… 34
REFERENCES ……………………………………….……………………………….…...… 50
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LIST OF TABLES
LIST OF FIGURES
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Fig. 4. the stretchable back of Metamorphic Brassiere
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I. Introduction
Business Concept
Business model
The company will also aim to further its reach through technology. It
will aim to have its sales mostly on shopping websites; Shopee and
Lazada. This will also ensure that customers will be convenient when
buying the business products
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The company will also utilize its website in conducting sales. This is
to ensure that the sales are spread through any medium that the customer
would use
Vision
Dernier Cri views itself as a company that produces and delivers consistently,
high-quality, and long-lasting. Fashionable innerwear in the Philippines, empowering the
way women wear their underwear in the coming decade.
Mission
Objectives
The general objective of our company is to eliminate fast fashion and empower
women to embrace comfort in their underwear. Moreover, we seek to accomplish
the following specific objectives:
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Performance Indicators
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and high-quality customers will
collapsible bras recommend
As of now Denier Cri has only one product to offer but will expand in the future:
1. Metamorphic Brassiere
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physical store once the company grows to serve more customers, either through
traditional or digital means.
Denier Cri is a start-up business run by six individuals, initiated by the increasing
number of complaints from women relating to their uncomfortable experiences in wearing a bra;
specializes in high quality, made from recycled seamless high stretch fabric transformative
metamorphic bra. It aims to place great importance on igniting the confidence within each
individual and making them feel good while equally providing support and comfort. This versatile
bra hopes to help people embrace their true selves and transform them into the best version of
themselves. Women can transform it into four different styles to suit every person’s diverse
needs. The affordable prices of its products attempt to appeal to the relatively affluent women
from metropolitan Manila within the age range of 16-40.
The initial starting capital for the business is Php100,000.00 which was garnered from
both internal and external sources. The optimal capital was calculated through the summative
amount of the present and expected future expenses to lessen financial risks and gain a good
return on investment.
To achieve its mission, Denier Cri aims to provide efficient customer service, good
social media positions, and healthy sales.
The company’s main operations focus on the physical transformation of raw materials
(i.e. donated fabric) using sewing machines. The brassiere will be incorporated with several
features and elements to produce a finished output of elegance, style, and quality.
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III. Business Proponents
a) Organizers
Email: Izhabella40@gmail.com
Capabilities:
● Has well-rounded leadership experience which enables her to lead a team with
excellency
● Embodies critical thinking and logical thinking through solving everyday
scenarios
● Well adaptable to pressure and is flexible in leading in any situation
● Charismatic, capable in leadership roles, and embodies the company values
Contributions:
Ms. Izhabella Balanza is the founder and has been responsible for managing
the whole business from operations, marketing, human resources, and finance. She has
been spearheading the workflow inside the company such as creating efsure effective
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business operations and delivery of quality products. She has also attended
engagements relevant to the function of the company and implemented policies and
solutions in accordance with the company’s needs. She has also served as the
company’s key spokesperson.
Email: raechelleerica.co.shs@ust.edu.ph
Capabilities:
● Possess skills in management and also has experience in leadership roles that
allows her to spearhead the operations
● A good communicator, team player and facilitates a collaborative environment
when working in a team
● Dedicated and passionate
● Can solve problems efficiently and has good critical thinking and analysis skills
Contributions:
Ms. Raechelle Erica Co is the second founder of the company. She and Ms.
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Balanza work together in order to keep the company afloat. Whereas she has
established the company business models and workflow. She also has used numerous
strategies to get financial investors to invest in the company. She has also made a firm
remark within the company operations to have a smooth workflow and procedures
ensuring every product is prepared with the highest quality.
Email: arrabelle.cao.shs@ust.edu.ph
Capabilities:
Contributions:
Ms. Arrabelle Cao is the final founding member of the company. She has
established the Financial situation of the company. Whereas all transactions go through
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with her. She also spearheaded all money-saving ideas within the company. Most
importantly, she was the main player in establishing the stakeholders of the company
and establishing what they can contribute to the growth of the business.
Email: simonlayao69@gmail.com
Capabilities:
Contributions:
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company. He will also implement concepts in various creative strategies.
Email: brycejorrell.cuatuy.shs@ust.edu.com
Capabilities:
Contributions:
Mr. Bryce Cuatuy will be responsible for managing the employees of the
company and ensuring their welfare and well-being. He is in charge of shaping the
employees and helping them in reaching their maximum potential. He is responsible for
solving the company’s problems and conflicts behind the operations. He will serve to
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ease communications and unite the employees.
Email: francenedanielle.epondulan.shs@ust.edu.ph
Capabilities:
Contributions:
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a) Stakeholders
Along with the CEO, the five main organizers will mainly invest and fund
the company’s initial needs by providing financial backing, materials and
resources, Operating power, Technology operations, and Governance and
Top management:
Financial backers
No company will exist without its materials and resources. Suppliers will
also be major stakeholders as they will benefit from the growth of the
company itself. The initial; materials and supplies needed to create products
will come mainly from established suppliers.
This stakeholder would involve people who make the production possible;
from employees, managers, and supervisors. They would supervise the
operations throughout the company. They ascertain that any notion that
becomes a reality operates efficiently. They are making crucial operational
decisions that are your responsibility. They serve as a link between two
parties; Shareholders, board members, and the corporation itself. They are
in charge of arranging everything. and assigning employee projects and
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activities
As with all good companies, deviation from the law is a huge portion of
building a company. Both external and internal policymakers would be
involved within the company; from lawyers, local government, and national
government. These people will establish what the limits of the company are.
Implied in the nature of its products and its location, Denier Cri caters to
the following general markets: women of ages 16-40, the broader Filipino
women community, and present and former stakeholders of the University of
Santo Tomas, Metro Manila residents, and gift-option seekers. The product
may also cater to all genders as it seeks to serve the people looking for
comfort and affordability in a bra.
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Sub-headline: A fusion of quality, elegance, style, comfortability and versatility to
suit your everyday needs. Helping you embrace your true self through underwear
to transform you into the best version of yourself.
V. The Market
b) Industry Dynamics
With big names like Victoria Secret’s and celebrity-owned SKIMS. The
market for women’s underwear is a big area. Whereas the industry is believed to
grow to 78.66 billion U.S. dollars by 2027.
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Uniquely Dernier Cri has identified several competitors in the industry that serve
somehow the same products the company envisions to produce:
1. BraVo - The company has been producing bras that are convertible which
can be sports bras, t-shirt bras, backless bras, or tube bras. These
products are manufactured using silk fabrics and have garnered a positive
trend, especially in fashion. The source of its fabrics is locally sourced
which cuts the costs down and sells the products at a reasonable price
2. Brambado - A swimwear company that has been providing not only
swimwear but also focused more on producing sports bras. What makes
this company unique is the minimalistic designs that it can be customized
to embroider with a name.
3. Cordiabra - A local competitor that offers a variety of bras and specializes
in strapless technology and comfort. The company sells its products made
with polyester fabrics. It could be retailed and wholesale.
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production expenses making the product cheaper than its competitors.
c) Market share
According to the global industry analysis and forecast for 2021-2025, there
is a potential growth of market size in the bra manufacturing industry by
780,249,500 PHP due to the adaption to sustainable products and fashion
trends. The company’s target is to obtain about 560,000 PHP for market sales
within a year which, if computed, the estimated market share will be 0.07% of the
industry's global market size.
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● The trends in fashion should also be considered in improving
the product and how the business will flow.
Environmental ● The Company will produce bras with recycled fabrics and
this, in turn, will reduce waste production and also cut the
production of fabrics.
● Proper waste management should also be ensured in order
to minimize the unnecessary waste produced.
Legal ● The company abides by the safety laws for the labor and
employer.
● The company also ensures that laws protecting the
employers and employees shall be observed and followed.
The main product offering of the company would be the metamorphic bra. This
will be their debut product. Wherein:
a) Description
The bra is A versatile and Transformable bra that can be worn every day of
the week as it gives casual and carefree vibes for you to feel good in any
outfit. Made from the seamless high stretch fabric of 75% recycled cotton
and 25% recycled polyester, this bra takes comfort and style to the next level
while still providing support. It can be transformed into three types of bra: a
sports bra, a t-shirt bra, or a backless bra, and the straps may be removed to
turn it into a tube bra. It features a flattering heart-shaped neckline, fitted
silhouette, unpadded bust, snug fit, and a sided hook and eye for extra
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comfort.
The first few designs of the product were established whereas the bra was
going to be made from extra materials that were used by the big fashion
industry. This was established to be inefficient as the companies were not
willing to give the extra materials that they won't even use for production.
Another aspect is within the padding of the bra a clip could be seen peeking
through. This was later removed in further product pitches.
In the second design pitch the transformative action of the bra was further
established. Whereas, the t-shirt bra and tube bra designs were established
along with the interchangeable straps of the bra instead of the foldable
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straps of the wrap
Upon the next meeting, the final sketch was produced, whereas a
stretchable fabric for the back was established and clips on the padded bra
were removed and instead moved more on top of the bra. Foldable areas
were also made visible.
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Fig. 4: The Stretchable Back of Metamorphic Brassiere
Finally, colored versions were made and a fake mockup of the product
was rendered by the creative team.
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Fig. 6: Product Mock-Up of Metamorphic Brassiere
c) Justifications
Notable modifications towards the company and product are the following:
(1) Switching from the Travel bag market to women's underwear (2) creating
of the brassiere from extra materials that were used by the big fashion
industry to coming from recycled raw materials (3) the interchangeable
straps of the bra instead of the foldable straps of the rap (4) vexing of the
clips on the unpadded bra and putting them inside of the bra instead (5)
addition of the stretchable back portion. All these changes were logically
thought out whereas the following can be justified: (1) the market for bags is
too overcrowded with redundant product design. Thus, women’s underwear,
a lesser researched area of products, was a better option to create a
company. (2) companies were not willing to give leftover materials, Thus
recycled raw cotton and other materials will be used and gathered from other
sources, this enabled lesser labor as patchwork was no longer needed. (3)
the foldable straps were not efficient and required more materials than
interchangeable ones, they also are not aesthetically pleasing. (4) the clips
were not aesthetically pleasing, putting them behind and inside the bra
garnered a more modern look. (5) The addition of a stretchable pack
enabled customers to find a bra that fits them comfortably and flexes with
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them as their bodies flex.
a) Marketing
1) Positioning
Overlapping Objectives
● Enterprise Perspective
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pleasing undergarments for women of all ages to use and keep for
a long period of time.
● Competitive Objectives
● Customer’s Objectives
2) Product
The metamorphic bra will be made of 75% recycled cotton and 25%
recycled polyester to ensure support together with comfort. It can be
transformed into four forms: a sports bra, a t-shirt bra, a backless bra,
and a tube bra. It also consists of the following features: flattering
heart-shaped neckline, fitted silhouette, unpadded bust, snug fit, and
a sided hook and eye. The sided eye and hook aim to reduce
pressure and tension on the spine of women which causes
headaches and back pains. This inevitably reduces the stress of
women wearing bras. following that, to provide a snug fit, the bra will
be introducing an unpadded feature that would instead mold into the
natural shape of the customer's breast. Also provided are
interchangeable straps will be provided so that the change between
sports and T-shirts can be supported. To cater to different sizes bra
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wings will not be limited to one design instead an array could be
picked by women depending on what size they fit.
The colors of the bra will be diverse and a color scheme utilizing the
1different natural skin colors of the woman will be made.
3) Packaging
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The manifestation of the brand, aside from the product itself, is its
packaging. Denier Cri’s packaging is minimal and environmentally
friendly. Whereas 100% recycled cardboard is utilized for the creation
of the packaging.
To ensure the safety and hygiene of our product and packaging, all
packaging is disinfected. This reinforces the message that Denier Cri
wants to send - that we want to make out customers feel great.
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4) Place
On the other hand, a condominium unit owned by the Denier Cri CEO,
Izhabella Francine Balanza. will serve as the company's start-up
office location for the business. The location will be at Unit 241, Bldg.
9, Deca Homes, Vitas, Tondo, Manila. This location will benefit the
company because transportation and shipments will be more
convenient. It's also an excellent distribution location because it is
near the port area in manila
5) Promotions
Denier Cri draws from the opportunities and trends currently present
and accessible. The company seeks to maximize reach main through
page promotion, but also heavily on Facebook community groups, for
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a more targeted approach and a wider audience reach.
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Fig. 14: Mock Raffle ticket
6) Price
Prices for competing brands range from Php 150 to Php 950, making
Denier Cri's metamorphic bra's pricing average. The cost of creating
each bra is calculated by dividing the total cost of raw materials such
as fabric and both direct and indirect charges by the number of bras
that may be produced (depending on the size of the bra). In order for
the items to be successful, the markup must be at least 84 percent of
the cost, as in other clothing stores. The product is reasonably priced
since the materials utilized are similarly reasonably priced. To make it
more appealing to a wider audience, the corporation chose to sell it at
a low cost.
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Table 00. Price Comparison of Competitor Brands
7) People
The response team of Denier Cri is very responsive. They are always
attentive in replying to their customers’ inquiries and requests. They
also take time to update the customers with their orders. The chief
executive officer and the chief operating officer will be in charge of
overseeing the overall production and delivery of services. While the
operations director will be heading the production and sales process.
On the other hand, the marketing director will be in charge of the
promotions and postings to increase engagements on our social
media sites and the finance director will manage the monetary aspect
of the company.
8) Prospect
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b) Operations
2) Men
Operations Department
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Finance Department
Marketing Department
3) Machines
The necessary machines and software of Denier Cri are the following:
Machines:
● Industrial Neoprene Sewing machine
Digital Devices
● Desktops
● Laptops
● tablets
● Phones
Softwares:
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● cap cut
As the company first start out, most of the machinery will be from
what was already available. Whereas a combination of machine-made
and hand-stitched products will be made throughout. When the
company starts making a profit. More machines will be brought in
order to cater to the demand for the product. Most likely, the sewing
machines and tablets will be the first priority to be brought by the
company. As these will be the main systems that will be needed to
produce and sell products.
4.) Materials
The materials needed for the production of the metamorphic bra are
relatively simple. We would need donated cloth, specifically recycled
cotton and polyester, from big fast fashion brands. Secondly, we need
garters, hooks, threads, straps, and pads for the bra from different
suppliers.
5.) Methods
For the production of the product itself, Denier Cri will mainly rely on
the physical process. The Denier Cri team, initially composed of 6
individuals, is responsible for the material scouting, product
preparation, and product production.
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● Second, the team shall open a limited number of slots for
pre-orders, which will primarily be taken through the Denier Cri
Facebook and Instagram page where the product line, prices, and
order procedure will be publicized in the days preceding the
launching day of the company.
● Third, upon placement of orders, the team shall start the production
of the bra through the utilization of the sewing machines and
oversee every step of the process. The team will strategize on the
delegation of the number of batches and packages that will be
made and produced each day.
● Once all orders are finalized including their delivery date, the
customers will be notified regarding the status of their order
6.) Management
Under the directors will be the team leaders. Each month team
leaders change within the circle of employees to drive leadership
opportunities within the company. This ensures fair play among
employees and eliminates fog between hierarchy within the business.
c) Human resources
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As a new company, the management team of the company seeks
to facilitate a collaborative environment for its employees wherein the whole
team feels safe and happy while working together. The executives will
regularly assess the needs and expectations of every employee so as to
ensure that their well-being is prioritized and that their goals are in line with
the company’s objectives. Dernier Cri provides compensation and benefits,
as well as opportunities for personal advancement to its employees based
on their performance. The following are the negotiable benefits:
● Work-Life Benefits
● Family-Friendly Benefits (maternity leave, vacation leave)
● Health Insurance Benefits
● Free food and transportation fees
The company pays its employees an hourly compensation ranging from ₱55
to ₱67. If employees decide to work overtime, they are entitled to 1.5 times
their regular rate of compensation. As part of the company’s overall
objective, an evaluation of the employees will also be conducted to
determine their performance level.
Organization Chart
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Fig. 13. Organizational Chart
The standard operating hours are the time frame in which orders are
prepared to be delivered to the time it will be sent to the customer. Below is a table that
shows the time frame with the operating procedure done on the said time. Note that we
assume the products have been sent from the manufacturing warehouse to the
packaging warehouse.
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receive their order on the given day and
remind them about their order.
VIII. Finance
Investment Requirements: (How much money are you going to put into the business,
theoretically. Kindly show a breakdown of where the money of your investment will go
towards. Consider as well if you are going to rent out an office or a store, kindly place
the “3-month rent” of the location. Also, add the marketing budget of your business. In
every business, a marketing budget must always be considered in the initial investment.
Tie it up with the Promotion part of your marketing and assume that it is good for 3
months.)
The company’s monthly sales and breakdown for February, March, and April 2022 is
shown on tables 2, 5, and 8 respectively with a total of sales of 1,198,323 combined in
all three months. It is estimated that the company will acquire a total net income of ₱
611,854.66 of the combined three months as shown in tables 12, 13, and 14, as well as
the breakdown income statement for each respective month.
Given the products the company produces, it is in the fashion industry , which is one of
the largest industries to date. The company may encounter competitors with the same
product and ideas related to Dernier Cri’s. In order to combat this potential risk, the
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company should carefully plan out its advertisements as it is one of the tactics that set
them apart from any other company in the market. Additionally, another problem the
company may face is the rapid change in trending styles of fashion. As this brassiere is
made of recycled material and is foldable, the fashion trend may not be in its favor. To
prepare for this, the company will do extensive research on the trends appropriate for
the current time while maintaining the use of recycled materials and being foldable.
Sales forecast
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Table 5. Summary of Indirect Expenses for February 2022
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Table 7. Summary of Direct Expenses for March 2022
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Table 9. Summary of Monthly Sales for April 2022
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Table 11. Summary of Indirect Expenses for April 2022
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Table 13. Income Statement for March 2022
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Table 15. Cash Flow Statement for February 2022
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Table 16. Cash Flow Statement for March 2022
Waste pollution
The product will help in decreasing the accumulation of waste as it recycles the
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used fabrics and repurposes it to a new bra. This will also reduce the production of the
supposedly needed polyester fibers as the cloth that would be used is made through
recycling. Packaging will also decrease as there are less new raw materials needed left
to be packed and decreases plastic usage. The product will no longer be reliant on the
synthetic fibers which contributes to more disposal of unused fabrics.
Air pollution
As the product is produced locally, it would cut down the transportation needed
for the mobilization of products as transportation contributes to 27% of the greenhouse
gas emissions. This is a significant step in incorporating strategies to cut down carbon
emissions through transportation. Another is the lesser use of product packaging, the
manufacturing process of plastic and packaging materials is no longer much needed
due to the recycling of materials. Repurposing materials will require lesser use of plastic
and transportation for the delivery of the manufactured synthetic fibers to produce the
bras.
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