Podcast
Questions and Answers
Which function of a business plan is MOST crucial for securing external funding and demonstrating the potential for return on investment?
Which function of a business plan is MOST crucial for securing external funding and demonstrating the potential for return on investment?
- Strategic Planning
- Attracting Investors and Funding (correct)
- Communication Tool
- Operational Efficiency
How do transition credits incentivize the shift toward cleaner energy sources in the Philippines?
How do transition credits incentivize the shift toward cleaner energy sources in the Philippines?
- By penalizing companies that continue to use coal-fired power plants.
- By increasing the cost of renewable energy projects.
- By providing subsidies for geothermal energy development.
- By incentivizing the early closure of coal-fired power plants. (correct)
Which factor presents the BIGGEST challenge to the development of geothermal energy in the Philippines, despite its significant potential?
Which factor presents the BIGGEST challenge to the development of geothermal energy in the Philippines, despite its significant potential?
- Lack of volcanic activity.
- Financial, regulatory, and community challenges. (correct)
- High dependence on imported technology.
- Insufficient government support.
How can traditional retail stores MOST effectively leverage rising mobile internet usage to enhance the shopping experience?
How can traditional retail stores MOST effectively leverage rising mobile internet usage to enhance the shopping experience?
In the telecommunications sector, expanding 5G network rollout is identified as an opportunity. What is the MOST significant expected benefit of this expansion?
In the telecommunications sector, expanding 5G network rollout is identified as an opportunity. What is the MOST significant expected benefit of this expansion?
What is a KEY factor that F&B businesses must consider to remain competitive in the face of changing consumer preferences?
What is a KEY factor that F&B businesses must consider to remain competitive in the face of changing consumer preferences?
Why is competitive analysis an important opportunity recognition technique for businesses?
Why is competitive analysis an important opportunity recognition technique for businesses?
What is the PRIMARY focus of the 'Operations and Production' stage in the value chain approach to feasibility assessment?
What is the PRIMARY focus of the 'Operations and Production' stage in the value chain approach to feasibility assessment?
In the value chain approach to feasibility assessments, what does the 'Input Sourcing & Procurement' stage primarily evaluate?
In the value chain approach to feasibility assessments, what does the 'Input Sourcing & Procurement' stage primarily evaluate?
What aspect of a business does the 'Warehousing, Storage & Delivery' stage of a feasibility assessment primarily address?
What aspect of a business does the 'Warehousing, Storage & Delivery' stage of a feasibility assessment primarily address?
What is the purpose of financial tools like Net Present Value (NPV) and Internal Rate of Return (IRR) in evaluating feasibility?
What is the purpose of financial tools like Net Present Value (NPV) and Internal Rate of Return (IRR) in evaluating feasibility?
In the context of market segmentation, what is the focus of psychographic segmentation?
In the context of market segmentation, what is the focus of psychographic segmentation?
According to Porter's Five Forces, which condition intensifies rivalry among existing competitors?
According to Porter's Five Forces, which condition intensifies rivalry among existing competitors?
What statement BEST describes a Value Proposition?
What statement BEST describes a Value Proposition?
What does a Unique Selling Proposition (USP) primarily accomplish for a business?
What does a Unique Selling Proposition (USP) primarily accomplish for a business?
In the context of business models, what is the PRIMARY goal of a subscription model?
In the context of business models, what is the PRIMARY goal of a subscription model?
What is the BEST description of what a Marketing Strategy encompasses?
What is the BEST description of what a Marketing Strategy encompasses?
What does 'Customer Acquisition' refer to in a business operations context?
What does 'Customer Acquisition' refer to in a business operations context?
What is the MOST significant benefit of having an efficient operations plan for a Small to Medium Enterprise (SME)?
What is the MOST significant benefit of having an efficient operations plan for a Small to Medium Enterprise (SME)?
Flashcards
What is a Business Plan?
What is a Business Plan?
A detailed, written document providing a description and overview of a company's future, articulating its business idea, goals, and strategies
Opportunity Recognition Techniques
Opportunity Recognition Techniques
A process used to identify and evaluate potential business, market, or innovation opportunities, often through market research, brainstorming, and competitive analysis.
Feasibility Assessment
Feasibility Assessment
A structured process evaluating the practicality and sustainability of a business idea in a real-world setting, assessing operational, technical, and economic dimensions.
Competitive Analysis
Competitive Analysis
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Bargaining Power of Buyers
Bargaining Power of Buyers
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SWOT Analysis
SWOT Analysis
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Value Proposition (UVP)
Value Proposition (UVP)
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What is a Unique Selling Proposition (USP)?
What is a Unique Selling Proposition (USP)?
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What is a Marketplace Model?
What is a Marketplace Model?
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Marketing Strategy
Marketing Strategy
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Operations and Management Plan Importance
Operations and Management Plan Importance
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Work specialization, explain.
Work specialization, explain.
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Balance Sheet Formula Equation
Balance Sheet Formula Equation
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Cash flow Statement meaning
Cash flow Statement meaning
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Study Notes
Importance of a Business Plan
- Serves as a written document providing a future overview of a company
- Forces articulation of a business idea, ensuring clarity
- Aids strategic planning by outlining long-term goals
- Allows for financial planning and forecasting, predicting risks and opportunities
- Deals with risk management by identifying threats and developing mitigation strategies
- Acts as a structured framework to analyze all business aspects
- Attracts potential investors and showcases viability and profitability
- Improves operational efficiency by streamlining workflows
- Evaluates progress towards goals, helping to improve strategies
- Serves as a communication tool, outlining vision and mission
- Enable adaptability to readily adjust, operations, strategies and tactics
Philippine Business Landscape: Energy and Utilities
- Involves electricity generation, transmission, water, and waste management
- Manila Electric Company (MERALCO) distributes electricity to over 7 million customers
- Aboitiz Power Corporation contains renewable and thermal energy assets
- Manila Water Company is responsible for water distribution and sanitation
Opportunities and Challenges in Renewable Energy
- Government aims to reduce coal dependence by 2030
- Transition credits incentivize closing coal plants for cleaner sources
- Coal accounted for 61.92% of the Philippines' electricity in 2023
- Geothermal energy faces development challenges due to financial and regulatory issues
Tourism and Hospitality Sector
- Includes hotels, restaurants, travel agencies, and related services
- Cebu Pacific Air provides budget travel to over 60 destinations
- Shangri-La Hotels and Resorts commits to eco-friendly practices
- The Peninsula Manila contains high-end services and gourmet restaurant
Opportunities and Challenges in Tourism
- Domestic tourism has grown due to global travel restrictions
- Sustainable tourism initiatives promote eco-friendly practices
- Infrastructure deficiencies such as airport capacity hinder accessibility
- Environmental degradation poses a threat, impacting sustainability
Retail and E-Commerce Overview
- Retail involves sales of products or services to individual consumers
- E-commerce involves online buying, selling and data transmission
Trends and Challenges
- Rising mobile internet usage improves shopping
- Logistics growth enables click-and-collect services
- Logistical issues create difficulty with deliveries in rural areas
- Retailers face fierce competition both through digital and online platforms
Telecommunications Industry
- Focuses on providing communication services and the related resources
Opportunities and Challenges
- Expanding 5G networks improves services
- Rural connectivity and digital inclusion addresses access to different sectors
- Infrastructure limitations and network, particularly congested cities present challenges
- Strong competition dominates the market
Food and Beverage (F&B)
- Involves the production, processing, distribution, and retail of foods and drinks
- Restaurants are the key component including those selling fast food and casual restaurants
Opportunities and Challenges for Food and Beverage Businesses
- E-commerce and delivery services platforms have opened new opportunities
- A growing middle class drives consumption
- High costs put pressure on profits
- Business should aim for health to cater to customer preferences
Banks and Financial Services
- Includes banks, insurance companies, and other institutions
- A commercial bank accepts deposits and gives loans
Opportunities and Challenges for Banks
- Growing digital banking and mobile technologies presents opportunities
- SME lending addresses a strong services
- Cyber risks pose a threat since banks gather data
- Legal rules pose many more challenges
Opportunity Recognition Techniques
- Key techniques include market research and brainstorming
- Brainstorm with others to generate new ideas that are based on what a business requires
Best Practices for Brainstorming
- Set a clear objective
- Encourage free thinking
- Invite a diverse group
Networking practices
- Networking means engaging with professionals
- Networking can influence business by:
- Joining conferences
- Using professional platforms
- Engaging in interviews
Trend Analysis
- It is important to stay up-to-date on new habits
- This enables informed decision making, and insight of customer needs
Types of Trends
- Rising
- Declining
- Horizontal
Conducting Competitive Analysis
- Involves identifying opportunities by understanding the current market
- This involves analyzing current offerings and gathering customer feedback
- Also requires learning how to compare and contrast business with others
Iterative Learning Benefits
- This combines previously unrelated knowledge
- This helps achieve growth and enhanced innovation
Business Feasibility Assessments
- This helps determine if the business is practical
- Environmental factors must be assessed
Key Dimensions of Feasibility
- Operational feasibility assesses functionality
- Technical feasibility evaluates expertise
- Economic feasibility analyses revenue
Results of Assessments
- Assessments shows business outcome
- Change assessment shows what should be done
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