Showing posts with label process. Show all posts
Showing posts with label process. Show all posts

Thursday, November 20, 2025

The old book I read regarding increasing revenue by x %, and reducing cost/expenses by y% can increase profits by z%

Nation building via learning and being the best in business





We tried to recompute the GP on an important service and these were the things we did:
     1.  Mechanized the operastions saving xxxxx per unit
     2.  Raised the price by 20% true mark up ( x/0.80
     
The mechanization could increase the intake of customers by 20% and that means a lot

The GP could be a cool 8 numbers and double that of GP on plots wherein we gain only P5,500 per plot

So the things on the following are correct:

    1.  God is in the details
    2.   The box by Gettner re Amazon pain before on packign boxes on employees knees.  It was
           solved by common sense solution of packing on a table

    3.   Post on Elon Musk on wrong frequency which pointed out to a deformed aluminum part which
          could have caused another Space x disaster

    4.  One of the traits of an entrepreneur isi being process oriented

    So find the bottleneck in the operations, what causes the delay:   it could be lack of server in FB, or             slow processing of credit card.

Monday, July 22, 2019

Innovate or die

Ateneo Professor on Entrepreneurship

Rizal Philippines
July 22, 2019

Image result for being entrepreneurial
                                                    I think exciting is the right word


An entrepreneurs is sometimes defined as somebody who IS INVOLVED IN SOMETHING NEW.  New products, new processes, new materials.   Therefore the entrepreneur's mind must be trained to be creative for something new.

"Innovate or die is the battlecry"

Innovation is not just about creation of new.  It is about new value creation (as per Peter Drucker)   You must monetize the new ideas. How to transform the product or asset from that of low value to higher value.  New ideas is not innovation.  New value or new wealth creation is...

The customer wants and needs change every  day.  The customer is a moving target.  An elusive one.  And the entrepreneur must be up to the task of providing the new things that customer. want or need.

Image result for innovate or die
                                          Fav statement - those were the days...

Wednesday, April 11, 2012

Group Creative Exercise for the 3rd Session - Is this a Culinary Arts Class?

Promoting Entrepreneurial Revolution



I borrowed this exercise from Dr. Peter Kelly who made entrepreneur professor experience this in teaching creativity.  He uses this for his fab lab in the Design School he is running in Finland.  While we can afford a kitchen, we can not have a lab for fabrication, machining, or chip design.  But everybody can experience cooking anytime anywhere.  It is accessible, universal, and easy to understand.

The judges and the class experts.

To handicap the class, I made sure that the members who are knowledgeable  in cooking (at least what they claim in the Learning Agreements) were the judges and facilitators (they would advise the groups and challenge them to create)  And I profusely thank the three for their expert assistance:   Anton, Mel and Jem.  Thank you.

                The judges are at the end of the table;  this is the winning dish being pitched

The objective/challenge:

The groups, without using an oven or kitchen were to come up with two dishes:    one sweet, one salty(or sour) using the available resources.


The resources:

The resources cost me a lot:   sweet bell pepper (they cost @Pl00.00!) Dizon mangoes from Zamboanga, bakers chocolate, Australian cheese (also very expensive) some paper plates that I brought) tin foil, and oh yes, the main ingredient that I found only at Rustan's -  the strawberries.


                       The bell pepper (aren't they lovely?) cheese and branded mango



                                            The strawberries


                              Anton and Ms. Raval looking over the ingredients


The presentation and the pitch

Look at what they were able to produce in less than an hour


          This was adjudged as the best by the judges.


                           This group was not prepared;  look at the glassware they used!





 What the groups came up with were unbelievably, in their term "yummy" or look very delicious

 Pictures of the pitch



















How did they do it (the Process employed)


                                        The chef of the winning group


                                         Another chef master at work


                                  The mango and the strawberries look colorful and sweet







                                      The ampitheater was turned into a kitchen


                                           Makeshift kitchen top



                         They were not prepared yet had plates and glass bowls! Wow


                                  This group chose a place where they can work well



Some groups are "madadaya" (unfair)?

I have often heard remarks that there were groups that were unfair?  (Madadaya) and implying that there were guys who are unethical or not playing by the rules.  But there were no rules;  only resources and the objectives were clear.

Some of the traits of the creative groups or enterprising groups:

l.  They had agressive and resourceful leaders.  They anticipated  a lot of things that they would be needing.  We all ready gave a clue as to what we were going to do in last weeks session.

2.  They tried to scrounge for resources (or more than other groups).  They kept going back to the resource table for more.

3.  They were quick and restless.

4.  They were very competitive.  They did not want to be upstaged by others.

5.  They were good in creating stories for their product (siempre -  creative eh. obvious ba?) They made strange and unique stories for their products:  Mexican theme, etc. healthy food for children

6.  That means they were trying to be best in everything they do.

The inspirational video project/presentation  set the tone for this creative exercise

Frankly, I am surprised at the outcome of  this exercise. They did much much better than the PhDs and other professor when we tried doing this at REE. at Bangkok.  This class is superior.  I enjoy looking at their work;   take note, they did live in the classroom.  (No camera tricks or stunts)




Tuesday, December 13, 2011

Be Process Oriented

An Ateneo Graduate School of Business Advantage

One of the important lessons imparted by the margarita group (they do not yet have a name for their product) at LPC Regis last December l0, 2011 was to be process oriented.  This is an important rule for 6 sigma.  Certain ingredients  must be mixed first.   Like TTL said, the sugar and the food color must be mixed first since they have the most ingredients.  And so on.   The throughtput EDS portion of the business plan which contains the process details reminds us to be process oriented. 

Different sequence of process may lead to different outputs.  This is very evident in food preparation