Week6 - Entrepreneurship

Week 6 - Entrepreneurship
Learning Task 1
A. Observe and discuss the recruitment process of the following:
1. SM Taytay
- Each position has a different hiring procedure. Along with a series of
interviews with an HR representative and/or department supervisors,
applicants should anticipate taking timed aptitude and personality tests
2. Jollibee Foods Corporation
- A bachelor's degree or college equivalent in business studies,
administration, management, or marketing is required of candidates.
moreover knowledgeable about computers and has superior writing
and spoken communication abilities.
3. McDonald’s Philippines
- Following a branch search on the McDonald's website, you can submit
an application in person or online. If you submit an application for a
corporate store or a franchised location, McDonald's Human Resources
or the business's owner will receive it. The regional manager will
contact you to schedule an interview at a corporate store. The
application is delivered to the shop manager in a franchise. The shop
manager will contact you for an interview if they believe you're a good
fit.
4. Motortrade
- BS in psychology or any other behavioral science course, at the very
least. An advantage is having at least one year of equivalent experience.
Fresh grads, however, are encouraged to apply. Must be familiar with
the entire recruitment process. Must be able to outline the entire hiring
process, including candidate screening, interviewing and selection,
onboarding, and deployment. Should be well-versed in the numerous
candidate sources available for varied job level requirements.
5. Mercury Drug
- Following the initial interview, you'll be called to fill out paperwork,
after which you'll be asked to write an autobiography. After the second
interview, you'll be scheduled for the exam before being given a list of
prerequisites, including a background check, medical exam, and
training.
B. Identification
1. Job description
2. Recruitment
3. Interview
4. Job Specification
C. Enumeration:
Steps in Recruitment
5. Job Description
6. Job Specification
7. Selection
Steps in Selection
8. Reception of Applicants
9. Preliminary Interview
10. Filling out of Application Form
11. Employment Test
12. Final Interview by Immediate Supervisor or Department Head
13. Physical and Medical Examination
14. Hiring
15. Orientation
Learning Task 2
A. Explain the meaning of the following concepts.
1. Business Model - It explains how the company will make money and back
up financial estimates. It will be very beneficial in explaining the significance
of the company to making money plus sales.
2. Business Resources - Land and labor, as well as capital and

entrepreneurship, are production variables. Natural resources, sometimes
known as "land," are what are used to make parts, equipment, structures,
and transportation systems.
3. Specific Audience - Your target audience is the particular demographic of

customers most likely to be interested in your product or service and, as a
result, the group that should see your advertising efforts. The target audience
may be determined by a variety of characteristics, including age, gender,
income, location, and hobbies.
4. Demand Generation Strategy - Demand generation is a marketing tactic

that aims to generate trustworthy brand awareness and interest in order to
provide high-quality leads. It can raise the credibility and persuasiveness of a
company's marketing communications in the eyes of potential customers,
which can ultimately boost sales through cultivating quality leads.
5. Key Business Partners - Without key partners who support the company's
capacity to service clients, no business can operate effectively. Choose
important partners while developing a company strategy, such as suppliers,
allies in strategic initiatives, or advertisers.
B. Prepare a business model for the following:

1. Motor trade
2. Sm City
3. Chowking
4. San Miguel Corporation
5. Goldilocks
Learning Task 3
A. Choose a leading restaurant or any business establishment in your town,
forecast the following: (As of December 2020)
1. Revenue - Jollibee's revenue in San Jose, Rodriguez Rizal, as of 2020 is
129,313 pesos.
2. Growth - By 2020, systemwide revenues at Jollibee will have grown by
25.2% annually to P62. 03 billion.
3. Expenses - Jollibee's expenses currently total as of fourth quarter of 2020
are 14,569.
4. Sales Volume - Jollibee had 615.7 thousand sales as of the year 2020.
5. Projected Sales -
Sales/Revenue - 2020 - 129,313
Sales Growth - 2020 -28.01%
Cost of Goods Sold (COGS) incl. D&A- 2020 - 115,389
COGS excluding D&A - 2020 - 100,820
B. Based on your answer in Learning Task 1, Answer the following

questions:
1. What is the effect of the Covid-19 Pandemic on the forecasted revenue?
Business activities are significantly impacted by the Covid-19 epidemic.
Numerous industries should scale back their operations as a result of the
nationwide lockdown before they lose their resources and income.
2. What precautionary measures the company do as response to the situation?

The Company doesn't take on any long-term debt or transactions
denominated in foreign currencies that could expose it to interest rate risk.
3. What kind of products or service are not affected by the pandemic instead
their revenue increased? One of the services unaffected by the pandemic is
cleaning in fact, their revenue grew. It should not be surprising that
professional cleaning services that sterilize offices, restaurants, and homes
are in high demand given the widespread coronavirus fears across the nation.
Due to COVID-19, cleaning companies claim that demand for office buildings
and medical institutions has significantly increased.
Learning Task 4
A. Differentiate Product Migration Strategy from Vertical Integration
Strategy.
- The two vary in that product migration strategy supports the
development of new products that can take advantage of emerging
market opportunities and boost sales while maximizing the income
potential of existing items. Vertical integration strategy, however, can
move either forward or backward. To achieve this goal
achieving scale economies and boosting control margins
Compare Overhead Reduction Strategy and Reorganization Strategy.

- The key to comparing the two is Overhead Reduction Strategy is that
doesn't have any strategic impact. These events typically do such office
supplies and other nice-to-haves, not significantly impact business.
Reorganization Strategy have rising fixed expenses and a decline in the
number of outlets with category authority that are qualified.
B. Aside from the mentioned company in the discussion search for other
companies that apply the following Cost Control Strategies.
1. Product Migration Strategy - Its purpose is to maximize the revenue
potential of existing products and support the development of new products
that can capitalize on fresh market opportunities and invigorate revenues.
2. Vertical Integration Strategy - This will allow a company to streamline its

operations by taking direct ownership of various stages of its production
process rather than relying on external contractors or suppliers.
3. Overhead Reduction Strategy - Its overhead costs do not include expenses

arising from the production of goods or services. It is also the expenses that
are independent of revenue and must be paid whether the business is in a
profit or loss position.
4. Reorganization - It is where the businesses go through reorganization

when they have financial troubles, new owners or staff, or a structural
change, like a process where a company does an overhaul of its current
strategy, setup, and operations.
Learning Task 6 - Complete the following statement:

As future entrepreneur, I understand that Recruiting is the process of
persuading or motivating a potential applicant to
a vacancy must be filled. Additionally, business models are crucial for both
new and established companies. They support management and staff
motivation, talent acquisition, and investment attraction for young,
developing businesses. In addition, revenue is what keeps your firm
operating. Beyond serving as a lifeline, revenue can help you gain important
business knowledge. Also important for making wise company decisions is
understanding your costs. It aids in price setting and determining the
profitability of your business operations.
And I realize that there is never a time when postponing a decision is

beneficial. It's simple to become frightened and maybe overwhelmed by a
choice when it could have negative effects. You also have no control over
everything. You have a limited amount of influence over your business. The
remainder is the result of chance events or uncontrollable forces. Your
eventual success will be determined by how you respond to such
unanticipated occurrences.

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Week 6 - Entrepreneurship

2. Business Resources - Land and labor, as well as capital and

3. Specific Audience - Your target audience is the particular demographic of

4. Demand Generation Strategy - Demand generation is a marketing tactic

B. Prepare a business model for the following:

4. San Miguel Corporation

B. Based on your answer in Learning Task 1, Answer the following

2. What precautionary measures the company do as response to the situation?

Compare Overhead Reduction Strategy and Reorganization Strategy.

2. Vertical Integration Strategy - This will allow a company to streamline its

3. Overhead Reduction Strategy - Its overhead costs do not include expenses

4. Reorganization - It is where the businesses go through reorganization

Learning Task 6 - Complete the following statement:

And I realize that there is never a time when postponing a decision is

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