ESSAY.

In your own understanding please discuss the following in 2-3 paragraphs and
maximum of 100 words. No copy and paste from the websites. (10 points each)

You may wonder what distinguishes Henry Sy, the founder of SM group of
companies, from an ordinary grocer in your neighborhood. Who was more creative on
rendering services or selling their wares? Who took more risks in running his business?
Who was more successful?

Observation will show that ordinary businessmen merely copy what is already in
the market to take advantage of the profits that everyone is realizing in the industry.
Entrepreneurs, on the other hand, go beyond what plain businessmen do.
Entrepreneurs look for a new design or application for an existing product and organize
the needed resources to transform this idea into a marketable good or service.
Innovation is what distinguished an entrepreneur from an ordinary businessman. To be
innovative, you have to be creative. Creativity is your ability to conceive new ideas, new
inventions, new applications and new approaches to problem solving. Innovation is the
process of transforming these new ideas into a reality.

As an entrepreneur in the making can you think of some innovations that you like
to see in existing goods or services that promotes health? Think of how you can
improve the features of the following product/service.

1. Wellness Centers

By utilising innovation, wellness centres may implement a strategic approach by

incorporating cutting-edge technology and data analytics to create customised wellness
programmes that cater to individual requirements. Enhancing mental and emotional
well-being, the integration of virtual reality experiences and immersive wellness
activities is revolutionary. In addition, these facilities can use sustainable and
environmentally friendly materials for their infrastructure and structures, demonstrating
their dedication to environmental health. This all-inclusive strategy redefines the field of
wellness with a holistic and progressive outlook, embracing state-of-the-art solutions
while emphasising a responsible attitude towards human and environmental health.

2. Food Products

Within the food products industry, creative efforts might be directed towards creating
new, wholesome recipes that satisfy dietary requirements such as low-sugar, vegan, or
gluten-free diets. Advances in packaging that use biodegradable materials elevate
sustainability and are consistent with environmentally beneficial activities. Moreover,
using technology to provide clear disclosure of nutritional content, production
processes, and sourcing enables customers to make informed, health-conscious
decisions. In the constantly changing food sector, this all-encompassing strategy not
only takes into account the various nutritional needs of consumers but also encourages
environmental responsibility and a symbiotic link between sustainable practices and
customer well-being.