BM2211

Names Johneren Cagata Section Date

PERFORMANCE TASK
General Guidelines: (50 points)
1. Create a strategy canvas using the context of your business model canvas in the earlier
performance task.
2. First, identify the main competitor of your business. Then, assign applicable value elements (i.e.,
quality, price, etc.) to compare the performance of your proposed business with your main
competition. Provide analysis and interpretation. Refer to Page 2 of the handout for detailed
instructions.
3. Then, develop an Eliminate-Reduce-Raise-Create (ERRC) grid to eliminate and reduce non-value-
adding industry factors and raise and create value-adding industry factors.
4. Refer to the structure and examples below.

Examples:

Self – Photo Studio

Strategy Canvas

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Names Johneren Cagata Section Date

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Our target market that covers a

wide range of individual.
Everyone, including young
families,
businesses, "barkadas" and in-
love couples, records precious
moments and takes photos that
seem professional.
Our target market that covers a
wide range of individual.
Everyone, including young
families,
businesses, "barkadas" and in-
love couples, records precious
moments and takes photos that
seem professional.
Our target market that covers a
wide range of individual.
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Names Johneren Cagata Section Date

We provide not only a photograph, but a program of ongoing portraits to capture the
special moments in a family’s life. We then make the digital images of their photos
easily and affordably available for distributing on the Internet

Value Elements

Interpretation and Analysis: Self photo studios have recently started to pop up, and it's trending
because it lets introverts enjoy taking pictures by themselves. There will be no professional
photographers present, but instead you will be given a remote shutter to get creative on your
own. It's only you and the camera in these studios. Meaning, you literally take these professional
photos yourself.

ERRC Grid
Eliminate Raise

Stop compromising on the vision, purpose Starting a business requires analytical

and core values. Be flexible and adapt,
certainly keep improving how to deliver the
product, but do not compromise on the core
values and purpose as a business. Stop setting
unrealistic goals. Set realistic short-term and
long-term goals to evaluate the company's
performance and know what should have
achieved over a period of time. Measurable
goals help the employees know the amount
of work that needs to be done to meet the
company's overall target.
 Poor Editing Skills
 Outdated process of taking photos
thinking, determined organization, and
detailed record-keeping. It is important to
be aware of the competition and either
appropriate or improve upon their successful
tactics. This will almost certainly end up
working harder for yourself than you would for
someone else, so prepare to make sacrifices in
your personal life and for establishing the
business.
 Quality of editing and taking photos fraud
prevention
 Sustainability
 Speed of process
 Freedom to customize and having wide
selections

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Names Johneren Cagata Section Date

Reduce Create

Reduce supply expenses. It can do some

cost cutting on office supplies by shopping
around to compare prices. Look outside your Do the research.
pool of traditional vendors. Cut production
costs. As a business owner, it's common to
look for ways to cut costs on materials and It will make
optimize your resources. Narrow your focus.
As a small-business owner, I find narrowing
my business focus to be one of the most sure that you
effective strategies for cutting costs in
business. By limiting the types of services we
offer and projects I accept, I am more have
productive and produce higher-quality work.

 High initial costs

understand the
 Pricing complexity
industry that
your business
involved in so
it can dominate.
No matter how
unique it might
think your
business idea is,
the
company should
be aware of
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competitors.
Have a
strong mission.
Standing out is
no easy feat, and
no
one magic
formula
guarantees
results.
However,
knowing the
business’s
purpose is
central to
guiding these
decisions. Map
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Names Johneren Cagata Section Date

the finances.
Starting
a business
requires money
that it is likely
won’t
have right away.
This is why you
need to seek out
ways to acquire
capital.
 Fun and
friendly
atmosphere
 Stylish
Design
 Themes
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Names Johneren Cagata Section Date

Do the research. It will make sure that you
have understand the industry that your
business involved in so it can dominate. No
matter how unique it might think your
business idea is, the company should be
aware of competitors. Have a strong mission.
Standing out is no easy feat, and no one magic
formula guarantees results. However, knowing
the business’s purpose is central to guiding
these decisions. Map the finances. Starting a
business requires money that it is likely won’t
have right away. This is why you need to seek
out ways to acquire capital.

 Fun and friendly atmosphere

 Stylish Design
 Themes

Rubric for grading:

CRITERIA PERFORMANCE INDICATORS POINTS
Strategy Canvass Illustrated an accurate strategy canvass with complete
20
interpretation and analysis of data
ERRC Grid Provided complete and relevant details for each element of the
20
ERRC Grid
Organization of Adhered to the correct outline, and content was organized in a clear
10
Ideas and logical manner
TOTAL 50

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