Professional Documents
Culture Documents
TITLE
Group No.2
Subject: TECHNOPRENEURSHIP
Section: CEIT-02-602P
Time/Day: 04:30pm – 07:30pm / W
Submitted to:
Asst. Prof. Zorahayda V. Concepcion
Instructor
TABLE OF CONTENTS
I. VALUE PROPOSITION
● DEFINITION OF BENEFITS
● TYPES OF BENEFITS IN CIVIL ENGINEERING
● DEFINITION OF FEATURES
● TYPES OF FEATURES IN CIVIL ENGINEERING
● BENEFITS VS FEATURES
● RELATION OF BENEFITS AND FEATURES TO NEEDS AND HIGH VALUE
ADDING
● FIVE VALUES OFFERED TO A CUSTOMER
● DEFINITION OF VALUE
● TYPES OF VALUE
● DEFINITION OF BENEFIT
● DEFINITION OF COST
● VALUE = BENEFIT / COSTS
4. Unique Selling Proposition (USP): Highlights a unique and distinctive aspect that sets
the product or service apart from competitors.
Choose the type that aligns best with your business and target audience.
● Meeting Client Needs: The value proposition helps in clearly defining and
understanding the needs and requirements of clients. Civil engineering projects
often involve large investments, and ensuring that the project aligns with the
client's objectives and expectations is essential for its success.
● Long-Term Viability: Civil engineering projects typically have long lifecycles, and
their success depends on their ability to adapt to changing conditions over time.
A robust value proposition considers the long-term viability of the infrastructure,
taking into account factors such as maintenance requirements, future expansion
needs, and evolving regulatory standards.
Overall, the value proposition in civil engineering serves as a guiding principle that helps
engineers and project stakeholders make informed decisions, optimize resources, and
ultimately deliver infrastructure that meets the needs of society in a sustainable and
cost-effective manner.
2.0 BENEFITS VS. FEATURES, RELATION TO NEEDS, AND
HIGH VALUE ADDING
● Identify all the benefits your product or services offer.
● Identify your customer’s main problem your value proposition helps solve.
Economic Benefits:
● Cost Savings: Efficient design and construction methods can lead to cost
savings over the project lifecycle.
● Increased Property Values: Infrastructure projects such as road
improvements or public transportation systems can enhance property
values in surrounding areas.
● Job Creation: Civil engineering projects often create employment
opportunities, both directly in construction and indirectly in related
industries.
Environmental Benefits:
● Resource Conservation: Sustainable engineering practices can reduce
resource consumption, such as water or energy, leading to environmental
benefits.
● Emissions Reduction: Infrastructure projects that promote public
transportation or use green building materials can help reduce greenhouse
gas emissions.
● Habitat Restoration: Some civil engineering projects involve habitat
restoration efforts, benefiting local ecosystems and biodiversity.
Social Benefits:
● Improved Accessibility: Infrastructure projects like roadways or public
transportation systems can improve accessibility, facilitating movement
and connectivity within communities.
● Enhanced Safety: Engineering projects focused on safety improvements,
such as better road designs or flood control measures, can enhance public
safety and reduce accident rates.
● Quality of Life: Civil engineering projects that provide amenities such as
parks, recreational facilities, or clean water supply contribute to improved
quality of life for residents.
Health Benefits:
● Air and Water Quality Improvement: Infrastructure projects aimed at
reducing pollution or improving water treatment contribute to better air
and water quality, thereby promoting public health.
● Disease Prevention: Civil engineering projects related to sanitation, such as
sewage systems or waste management facilities, help prevent the spread
of diseases and improve public health outcomes.
Resilience Benefits:
● Disaster Mitigation: Infrastructure projects focused on disaster mitigation,
such as flood control systems or earthquake-resistant buildings, enhance
community resilience and reduce vulnerability to natural disasters.
● Climate Adaptation: Engineering projects that address climate change
impacts, such as sea level rise or extreme weather events, help
communities adapt to changing environmental conditions and minimize
risks.
Aesthetic and Cultural Benefits:
● Enhanced Public Spaces: Infrastructure projects that beautify public
spaces or incorporate cultural elements contribute to the aesthetic appeal
of communities.
● Preservation of Cultural Heritage: Civil engineering projects that involve the
preservation or restoration of historical sites or landmarks help maintain
cultural heritage and promote tourism.
These are just a few examples of the diverse range of benefits that civil engineering
projects can offer. Depending on the project's scope, objectives, and context, the types
of benefits may vary, but they often intersect and contribute to overall project success
and societal well-being.
These are just a few examples of the diverse range of features in civil engineering.
Depending on the project's scope, objectives, and location, engineers may incorporate
various combinations of these features to meet specific requirements and achieve
desired outcomes.
▪ Benefits are the outcomes or results that users will (hopefully) experience by
using your product or service-the very reason why a prospective customer
becomes an actual customer.
▪ Features are something that your product has or is. Features often directly
address common problems experienced by users in a company’s target market.
Features are the things that your engineers build specifically for your product.
2.6 RELATION OF BENEFITS AND FEATURES TO NEEDS AND HIGH VALUE
ADDING
The relationship between benefits, features, needs, and high value adding in civil
engineering can be understood as follows:
● Needs: Needs represent the requirements, desires, or problems that
stakeholders, such as clients, communities, or end-users, seek to address
through civil engineering projects. These needs can range from basic
infrastructure necessities like clean water and transportation to more complex
requirements such as environmental sustainability or resilience to natural
disasters.
● Features: Features are the specific characteristics or attributes of a civil
engineering solution that address the identified needs. They encompass the
tangible elements, design considerations, and functional aspects of the
infrastructure or system being developed. For example, features could include
the use of sustainable materials, incorporation of safety measures, or integration
of innovative technologies.
● Benefits: Benefits are the positive outcomes or advantages that stakeholders
derive from the features implemented in civil engineering projects. These
benefits directly address the identified needs and contribute to the overall value
proposition of the project. For instance, if a civil engineering project features a
sustainable design, the benefits could include reduced environmental impact,
lower operating costs, and improved public health.
● High Value Adding: High value adding occurs when the features implemented in
civil engineering projects directly align with stakeholder needs and provide
significant benefits or advantages. This involves selecting features that maximize
the value delivered to stakeholders while minimizing costs and resource
utilization. High value adding ensures that the project outcomes exceed
stakeholder expectations, leading to enhanced satisfaction, long-term viability,
and positive impacts on society and the environment.
In summary, the relationship between benefits, features, needs, and high value adding in
civil engineering revolves around identifying and addressing stakeholder needs through
the implementation of appropriate features that deliver significant benefits and value.
By understanding these interconnections, civil engineers can design and deliver projects
that effectively meet stakeholder requirements, optimize resource utilization, and
contribute to sustainable development and societal well-being.
The reputation of a company and how it presents itself plus the perception of its
technology and the benefits of its products are key considerations in determining an
organization’s “total market offering.” Therefore, value can be defined as the
relationship of a company’s market offerings to those of its competitors.
3.1 VALUE
This refers to the perceived worth or utility derived from something. It can
be subjective and varies among individuals or organizations. Value represents what is
gained or achieved as a result of a particular choice or action.
We can break down value into four types: functional, monetary, social, and
psychological. However, the importance of a type of value depends on the perspective
of the customer and the particular purchase.
The key to delivering high perceived value is finding a blend of the types that best suits
each customer, convincing them that what you are offering exceeds expectation in
helping them solve a problem by providing a solution that produces the desired results
at a competitive price, which will serve as a source of corporate pride in
accomplishment.
3.2 BENEFITS
These are the positive outcomes, advantages, or improvements resulting
from a decision or investment. Benefits can include tangible things like increased
revenue, improved efficiency, or enhanced quality, as well as intangible aspects such as
customer satisfaction or brand reputation.
3.3 COST
This refers to the expenditure or sacrifice incurred in obtaining or
achieving something. Cost can include monetary expenses, time, effort, resources, or
any other form of investment required to realize the benefits.
3.4 BENEFITS VS VALUE
● Benefits are the positive outcomes or advantages gained from a product, service,
or decision. They can be tangible or intangible and directly contribute to fulfilling
needs or desires.
● Value, on the other hand, is the perceived worth or usefulness of something
compared to its cost. It's about how much benefit someone believes they're
getting for what they're paying.
● In essence, benefits are what you gain from something, while value is the
measure of how worthwhile that gain is relative to what you've invested.
CONCLUSION
In conclusion, the equation "value = benefits / cost" encapsulates a fundamental
principle in economics and decision-making, providing a clear framework for evaluating
the worth and desirability of actions, products, or investments. Value, representing the
perceived utility or worth, is assessed against the positive outcomes (benefits) and the
sacrifices or expenditures (costs) involved. By calculating the ratio of benefits to costs,
individuals and organizations can gauge the efficiency and effectiveness of resource
allocation or decision-making. A value greater than 1 signifies a favorable outcome,
while a value less than 1 suggests inefficiency. When the value equals 1, it indicates a
balanced outcome. Ultimately, this equation serves as a valuable tool for guiding
informed decision-making, helping to optimize resource allocation, investments, and
actions.
By following these tips and continuously refining your value proposition based
on customer feedback and market dynamics, you can create a powerful and
compelling message that resonates with your target audience and drives success
for your business.
4. Open Communication
Promoting a culture of open communication is another effective method to improve
business efficiency. Collaboration and feedback should always be welcome and
encouraged so employees are comfortable voicing their concerns or recommendations
they may have for improvement.