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The Most Aesthetic Designs For Crafts and Accessories.

This document provides guidance on developing value propositions for new products or services. It includes a table to fill out with the value proposition, product/service, and three examples. The student proposes digital crafts and accessories as their product, with value propositions focused on aesthetic design. They discuss targeting teenagers and young adults interested in digital arts. To comply with business requirements, they will register for various permits from the DTI, city hall, and BIR. Potential barriers include communication issues during the pandemic, resource limitations, and psychological barriers like confusion or art blocks that planning aims to overcome.

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Marxel Abogado
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62 views2 pages

The Most Aesthetic Designs For Crafts and Accessories.

This document provides guidance on developing value propositions for new products or services. It includes a table to fill out with the value proposition, product/service, and three examples. The student proposes digital crafts and accessories as their product, with value propositions focused on aesthetic design. They discuss targeting teenagers and young adults interested in digital arts. To comply with business requirements, they will register for various permits from the DTI, city hall, and BIR. Potential barriers include communication issues during the pandemic, resource limitations, and psychological barriers like confusion or art blocks that planning aims to overcome.

Uploaded by

Marxel Abogado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Abogado, Marxel S.

ICT 201 Entrepreneurship

TOPIC: VALUE PROPOSITION


Directions: Fil in the necessary details to complete the table below. On the second column, write
Determine the value propositions of the following products. Write Think of a possible product/service that you want to introduce in
your answer on the space provided. the market. Using the template above choose and write at least 3
design templates to help you create a clear, compelling value
proposition.
VALUE PROPOSITION 1.

"For multimedia creators who seek easy and quality


"The highest-quality beverages for
editing, our product is an all-in-one editing software that
friends and co-workers.”
exports graphics, audio, and video at lightning speed.

VALUE PROPOSITION 2.

"The Microsoft Office for multimedia."


"Transfer money with our fast and (MS Office is for documenting, but can easily be
international money service.” controlled by its users, can export data immediately,
and provides different tools for office use. I can put an
analogy on my product with it because they can offer
the same benefits and features)

VALUE PROPOSITION 3.

"The fastest editing software for graphics, audio, and video."


"The most stylish local clothing for
Millennials."

II. Create your own value proposition for your project in Applied Entrepreneurship.

"The most aesthetic designs for crafts and accessories."


III.
1. What particular product do you think will be visible and be accepted by consumer in the market today? Explain.
We thought that incorporating digital arts and crafts will help us with our customers because the modern market likes
those that are aesthetically pleasing and eye-catching.
2. In meeting the need of the customers, what specific activity plan will you do to improve it?
Knowing our potential to target market through inquiry or research comes first with meeting their needs. After that,
we will make our designs and gather appropriate resources from the responses they said. We will then formulate the prices
according to the sizes and quality of the design and papers used. Next, marketing in social media will take place then lastly,
we can now do our regulation operations starting from taking orders until delivery.

3. How capable are you to produce the product?


Through teamwork and cooperation, we are most capable of producing our products. Our group will be delegated
with different tasks. The tasks will be divided to those making the designs, those that will handle the printing, those that will
package the products and handle delivery, and those that will market to social media.

4. What is your potential market?


People who are interested in digital arts and crafts especially teenagers and young adults.

5. Enlist the different government permit you need to comply for you to open a business. How will you comply to
each of their requirements?
DTI Business Permit, City Hall Mayoral Permit, BIR Tax. The order that the permits should be registered is
as follows: You first have to register for a DTI Business Permit, which only requires a government ID and three
business names. After this, a Barangay Business Clearance is now possible, as it required a DTI Permit.
Completing the previous two makes it possible to apply for a Mayor's Permit (or a City Hall Business Permit) as
the previous two were requirements of it. When all of those are done, it is now time to apply for a BIR Tax
Permit, Form 1906 and 1901.

6. What barriers needed for you to overcome for a potential new product entry?
Firstly, we thought that communications online would be a problem since we are facing the ongoing pandemic. Some
of us may be missing in action, or some may go out of contact because of a power outage or network loss. Next, are the loss
of resources or the defects in machinery. We may run out of paper, cloth, thread, or ink when processing order, or a printer
or computer device may go in errors when doing these. Lastly, I think psychological barriers may come when there is
confusion in tasks, or an art block when designing. I think planning to do well before the time to have a new product entry
should overcome this barrier in our business.

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