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Saturday, October 29, 2011

Sec Ordonez Suggests More Investments/Budget on Other Commercial Crops

Our generation needs an ENTREPRENEURIAL REVOLUTION.

Some economists suggest that we are behind our ASEAN neighbors because of lack of growth on agriculture. However, some quarters say that growth in other ASEAN countries come from services which we have (BPO, OFW deployment, call centers.)

However it is worth nothing that really Philippine agriculture must be developed and supported.

Fmr Usec of Agriculture Ordonez notes and compares in his Oct 28, column Agriculture for Money that tillage of land for commercial crops grew l3.lx for Indonesia, from 4,253 has in l980, t0 22,608 ha in 2008. Its agriculture exports grew from l.723 billion to 22,608 for the same period or l3x increase. Comparing to Phil, hectarage was from 3,407 to 3,686 during the same period (change nil) and exports grew from 738 million to l,l43 billion or l.6x increase.

The commercial crops are palm oil, rubber, coffee, cacao, coconut and cashew. (In my travel to North Davao, there were plenty of cacao trees that were neglected) I have noted that certain brokers are looking for land planted to palm oil and rubber in large quantities.

Dr Ordonez encourages us to follow Dr. Eugenio Alcala (0918-979-7308, email: alcala_eugene@yahoo.com. He told that a hectare of rubber could earn between l50t to 300t on the twentieth year.

He also notes that DA budget for rice support is some P300 billion and for coconut only Plbillion despite the suggestion that we export bj.

Developing our agricultural sector should uplift our farmers, who are believed to be in the 40% poverty level.

But so far, it has been just comments, talk, and grandstanding for the farmers.

Lenders take 50% Cut on Greece Debt

Our generation needs an ENTREPRENEURIAL REVOLUTION.

A deal was struck in Europe re Greece debt crisis. Banks agreed to 50% cut of its exposure to Greece, effectively reducing Greece debt by l00 billion Euros, and its debt size from l60% of its GDP to only l20%. Such move apparently calmed capitall markets around the world.

Questions:

l. If you were a lender to Greece, would you agree to such a condonation?

2. Why was Greece debt allowed to balloon?

3. Does this debt reduction have an effecti on you as entrepreneur? As Philippine businessman.

For entrep students, making a comment on this is a practice on global outlook, and critical thinking. Comments are therefore encouraged

Turron a PDQ analysis uploaded at Slideshare

Our generation needs an ENTREPRENEURIAL REVOLUTION.

Turon
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Thursday, October 27, 2011

Global Audience is Thankful for our Blog Posts

Our generation needs an ENTREPRENEURIAL REVOLUTION.

I have been receiving numerous comments and thanks from elsewhere in the world for the sharing we have made on this blog.  Your nu6 ideas are noticed worldwide.  Are we not proud of that?

Our blog is read by Phil, US, China, South Korea, Europe etc. audience Isn't that great.?!  That makes our class global?

On Slide Share and Social Media

Our generation needs an ENTREPRENEURIAL REVOLUTION.

Some guys just wanted Loewen to upload the slideshare for them.  I think they will forfeit their chance to market themselves via social media.  I think many guys (except for Ivan Lee who is supposed to be a Clairvoyant) who uploaded have more entries in the google search.  So please think about it.  Slideshare is a great place to be for professional exposure.

Think about it.  Loewen will be adjudged as the genius with all his presentation.

Maki Pinoy SlideShare Presentation by Group l

Our generation needs an ENTREPRENEURIAL REVOLUTION.

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Slide Share Post of Micro Market Analysis of Red Mango and White Hat

Our generation needs an ENTREPRENEURIAL REVOLUTION.

Please Attend ICBMR Conference at Agsb

Our generation needs an ENTREPRENEURIAL REVOLUTION.

Today, I attended the joint AGSB University of Indonesia International Conference on Business Management and Research.  I was not able to attend the plenary featuring again Dr. Ciel Habito and Mr. Carlos Ejercito, former boss of Unilab.  I was told they were great.

I attended the sessions at Room 205 (the entrep class room) and listened to the talks on corporate entrepreneurship, ASEAN, FDI at ASEAN.  I found the presentation interesting but raised a lot of more questions.  We are truly proud of being in Ateneo, of magis (doing more) and the critical thinking.

I encourage the entrep class to attend.  Foreign student exchange, and joint conferences like these encourage global mindset, and innovation, which are the goals of this entrep class.  The MOE of Taiwan has made University Exchange program as a base for developing innovation mindset in Taiwan

Some pictures:



                                               The ICBMR billboards


                                                Ms Bigette Vinuya


                              Guests from Indonesia Posing Before the Electronic billboard


                                The Operations Cluster After Prof Chan's very Successful Presentation

                                              Plenty of Batik Wearing Guys


                                          Prof Ely at the Foreground:  Moderator


                                          SRO at Room 205
                                           Presentation by Prof Salim on Asean FDI at Room 205







                                Prof Menen asking on Degree of Freedom at SOE on Innovation






Wednesday, October 26, 2011

Special Report Good to Great by JCB

Our generation needs an ENTREPRENEURIAL REVOLUTION.



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Factors Paper - M080037

Dr. Eduard Morato wrote about the demands of mastering entrepreneurship: the logical and the creative thinking. Dr. Morato goes further to identify specific qualities which I believe everyone possesses. However, the use of each in certain situations set apart one as an entrepreneur. Quickly, the heart of an entrepreneur is driven by passion. Specifically, the fire to create something of benefit and keep on creating. He says that "the critical ingredient for perseverance and sustainability is an entrepreneur's passion. We all are passionate about something. Until we find a way to marry passion and money making, we, then, cannot be a good entrepreneur. Either entrepreneurs are born or made makes no difference. The key is to find what is it you are passionate about and get on that road. The "big" entrepreneurs have the passion of making an idea into an enterprise, that's their passion, and thus their enterprise grow. I would rate mine, my passion is in books, gadgets, and computers. I can go on for days comparing one with another. And there lies my passion.

An entrepreneur's mind sees a positive spin in the midst of a crisis. Similar to Jose Campos who started Unilab in the post world war era and transformed it to a pharmaceutical giant it is today. As the chinese proverb say, in every crisis is an opportunity. It is how one sees the situation that defines a good entrepreneur. I, however, believe that there is merit in worrying about the problem. It is the attitude and courage to face the issues in spite of seeing all the negative aspect of a situation. Being immobilized by the situation is always bad. Always take action.

To think clearly and effectively is a determining quality of a good entrepreneur. The MBA skills and the interaction with able professors continue to sharpen my skills. To keep learning and analyzing produces a mind able to think fast. With the aid of advisers and technology, this factor is ably addressed. Execution is key, not extensive thinking... that is not to say that thinking and analyzing is not important but paralysis by analysis is a common fault.

An organized mind and working style clears the mind for more creative ideas. A man's work ethic, diligence, and dedication is closely related to passion. One cannot be lazy or be confused by all the details that can cloud an entrepreneur's vision. This is adequately alleviated by good work and organization techniques and an unmatched diligence. However, hard work alone does not determine success in being an entrepreneur. There are situations where there are too many factors to consider that there is hardly an opportunity to be clear. Intuition, of Gut Feel is needed for some decisions. The courage to face adversity and act based on conviction is necessary. Otherwise, doubt and confusion will continue to hold you back till the opportunity has passed. As they say, strike when the iron is hot.

The ability to lead and make people into believers and followers is critical for relationship building and networking. This is also needed in leading the business towards change or to an endeavor. Most important here is to care and to "read" people. This, I believe, is my best asset. However, effective communication can be addressed by my life partner. Together, we fill our individual holes.

I believe I have what it takes to be an entrepreneur. My passion will drive me, my education will help me grow, intuition will propel me to new territories, and God will make me succeed in anything He causes me to undertake.3

Special Report by Ivan Lee at Slide Share.

Our generation needs an ENTREPRENEURIAL REVOLUTION.

Special report by Ivan Lee uploaded at slideshare

Thursday, October 20, 2011

Micro Market Paper - Group1 Red Mango vs White Hat at Trinoma

Mastering Opportunity - Micro-Market Analysis
Seeking Opportunities
A report on Micro-Market Analysis through observation of two establishments in the same market segment - by Loewen Kho, Mark Bacalla, Aurelin Castrence-Fernando, Carlito Galamlam Jr, Mark Bacalla, Stephen Condino
The Researchers studied two brands in the Frozen Yogurt Industry namely Red Mango and White Hat. The researchers aim to determine who is ahead in terms of quality, facility and variety. The researchers used the branch to determine the factors why are customers buying from the said brand.  Now the researchers made a comparison between White Hat and Red Mango.

White Hat is 100% Filipino owned brand in the Philippines; which opened its first branch in SM MOA back in July 2008.  They came up with their own unique recipe from scratch, with the help of an Italian Gelato expert; coming up with a perfectly smooth and creamy with a slight tangy sourness.  They offer 21 toppings for their 98% fat free yogurt to appeal to health conscious urban young adults.

Red Mango on the other hand, is a top Fro-Yo brand which started in South Korea; now headqurtered in Dallas, Texas. They have expanded in the Philippines and opened it's first branch in Trinoma on January 2009.

The Tanmantiong Sisters, daughters of Jollibee President Ernesto Tanmantiong, were the one who brought Red Mango here in the Philippines  Red Mango's global push is to position it to be the "Starbucks" of the Fro-Yo world; creating the "Coffeehouse environment. They wanted it as a meeting place or a place to chill out and relax.

 "Red Mango offers all-natural, probiotic-packed frozen yogurt, smoothies and iced teas." –  Rethink Frozen Yogurt by Bozell and Jacobs Case Study.


Red Mango is also dependent on flavors and recipes provided by the parent company. However, Red Mango Philippines has the flexibility to choose which ones to carry locally. White hat on the other hand, being wholly Filipino owned, developed it's own "perfect" flavor and has more flexibility in terms of flavors, recipe and product offering. 
Customers

            The researchers asked customers of each establishment under study to answer a survey form to accurately determine the demographics, psychographic, and brand awareness of the customers. The survey results reveal that both cater to the same target market: urban professionals ranging from 21 to 30 years old with high brand loyalty; proving that both companies did the right thing when they extensively ensured flavor, consistency, and quality.
Location
Red mango has 7 branches in the Philippines: 6 in Metro Manila and one in Cebu. Red Mango is located at the 3rd Floor of Trinoma's Wellness Zone where establishments like Fitness First, Belo Medical Group, Healthy Options, Powerbooks and Toys R' Us are in.
White hat is located at the 2nd Floor of Trinoma Mall's Sport Zone fronting the Escalators in plain view of people coming from the 1st and 3rd floor of the mall. It has 15 branches in Metro Manila and 5 branches in other provinces.

The location of the kiosks proved to be very important in capturing the targeted market. The Wellness Zone is populated by the health conscious, sports minded, and family oriented. People goes to this area with a specific purpose: Skin Care, buy a book, buy an appliance, or buy a toy. Often, when buying a toy or an appliance, they come as a group. Some would buy a book and would desire a place to chill out and read. Others, while waiting for family members or buddies would get attracted and buy refreshments. Red Mango positioned itself quite perfectly. The Sports Zone comprises of people shopping for sporting goods. Although most would only stroll to check out what's new, passing by White Hat can be irresistible. Since the price is not too much for them, people occasionally stop by to get something. For White Hat, the dining area is bigger and the establishment beside it offers more seating capacity as well as variety. Fronting the escalator gives White Hat better advantage. Nonetheless, Red Mango is positioned right at the back of the escalators, which also has its own advantage.


The location is key in the difference between the two establishments in terms of secondary market. The survey revealed that there are more students going to White Hat. For Red Mango, its secondary market belongs to the 31-50 age groups.


Price and Offering

Both establishments almost have the same pricing for Yogurt: Php90.00 for 40oz White Hat Yogurt and Php85.00 for the same size with Red Mango. Toppings are priced similarly as well. Red Mango offers more selection: Waffles, Coffee, and Tea. White Hat, on the other hand, is located right beside another kiosk offering pastries. The researchers were not able to determine if both kiosks have the same owner.

Process and Technology

Red Mango employees seem to have more expertise with their products. They seem to have more complicate processes and have bigger working for making waffles, blended juices, and coffee. This ate up dining space but allowed them to offer variety. White Hat employees have limited space; just enough to be able to process orders.  But they process orders quite fast. Both establishments have a yogurt mixer and freezer spitting out quality frozen yogurt.
Conclusion

Survey result reveals high brand loyalty with Red Mango slightly having advantage on Product, Packaging, Price, and staffing. White Hat has a slight lead on promotion, placement, and Physical environment. Overall, they compete head to head, none leading, neither losing. They have their own set of loyal patrons and both capture their market well.
 
CUSTOMER SURVEY FORM
CUSTOMER BEHAVIOUR
WHITE HAT = 34
RED MANGO = 20
YES
NO
YES
NO
Did you know what to order already?
19
15
14
7
Did you take time to check choices before ordering?
Yogurt (Plain) - 13;
 Toppings - 10;
Monkey's Hat - 3;
Make Your Own - 1;
Baker's Hat - 3;
Cooky Hat - 1;
Chocolate - 1;
Healthy Hat - 3;
Peanut Butterball Waffle - 1;
Waffle - 1;
Cobbler's Hat - 1;
No Reply - 6
8
10
10
What did you order?
Yogurt (Plain) - 13; Toppings - 10; Monkey's Hat - 3; Make Your Own - 1; Baker's Hat - 3; Cooky Hat - 1; Chocolate - 1; Healthy Hat - 3; Peanut Butterball Waffle - 1; Waffle - 1; Cobbler's Hat - 1; No Reply - 6
Yogurt with toppings - 9; Waffles - 2; Greentea with toppings - 4; Plain - 1; Tropical Crush -1; CAT - 1; No Reply - 2
Did you stay to finish your order?
34
20
How long did you stay in or near the kiosk?
1 hour - 4; 30 to 45 min - 8; 15 min - 4; 1 to 5 min - 7; after we finished - 2; no replies - 9
2 hrs - 1; 1 hour - 4; 30 min - 4; 15 min - 4; 10 min - 2; 5 min or less - 1; No Reply - 4
How often do you buy from this store?
2x a week - 2; 1x a week - 4; whenever I see a branch/I can - 2; 2 to 3x a month - 7; 1x a month - 4; sometimes - 3; seldom - 4; first time - 4; no reply - 4
3x a week - 1; 2x a week - 2; 1x a week - 5; 2-3 x a month - 3; 1x a month - 2; depends on my mood -1; occasionally - 1; often enough - 1; everytime I'm in the mall - 1; first time - 1; seldom -2
YES
NO
YES
NO
Do you know of other competitors for this product/store?
25
9
15
5
Please identify 1 or 2 competitors:
Red Mango - 19; Tutti Frutti - 8; Froyo - 6; California Berry - 3; Golden Spoon - 1; No Reply - 9
White Hat -11; Golden Spoon - 3; YohFroz - 5; California Berry - 2; Tutti Frutti - 4; Fruity Froyo - 1; TCBY - 1; No Reply - 4
Do you buy from them too?
23
11
14
6
From which store do you buy most often?
White Hat - 17; Tutti Frutti - 3; Red Mango - 3; Trinoma - 2; Froyo -1; K. Rogers -1; No Reply - 7
Red Mango - 9; White Hat - 3; Trinoma -3; California Berry - 1; No Reply - 2
ESTABLISHMENT SURVEY
How do you find the price?
cheap - 0
reasonable - 24
cheap
reasonable -14
expensive - 6
expensive - 5
How do you find the service?
caring - 15
un-caring
caring - 11
un-caring
attentive - 24
lousy
attentive - 7
lousy
pleasant - 18
unpleasant
pleasant - 13
unpleasant
friendly - 17
unfriendly
friendly - 10
unfriendly
How is the speed of service?
fast - 23
slow
fast - 11
slow
fast enough - 12
a little slow - 1
fast enough - 9
a little slow
Is the place clean?
clean - 32
dirty
clean - 20
dirty
not so clean - 2
not so dirty
not so clean
not so dirty
CUSTOMER INFO
Age
0 to 10 - 0; 11 to 20 - 7; 21 to 30 - 20; 31 to 40 - 3; 41 to 50 - 2; 51+ - 2
0 to 10 - 0; 11 to 20 - 2; 21 to 30 - 6; 31 to 40 - 5; 41 to 50 - 5; 51+ - 2
Came singly or with a group
SINGLE - 8
GROUP - 26
single - 2
GROUP - 17
Occupation
student - 12; manager - 3; IT consultant - 3; airline employee - 2; employee - 3; lawyer, housewife, info officer, programmer, PTA, Librarian, Entrepreneur, Banker, Freelance Model, sales executive.
Businessperson - 4; Employee - 7; Housewife - 3; Consultant, Chef, Interior Designer, Student - 2, Art Director
Gender
Female - 20; Male - 14
Female - 11
Male - 9
Educational Attainment
Post-Grad - 3; Masters - 2; College - 24; HS - 5
Post Grad - 1; College - 16; HS - 2; No Reply - 1



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