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    Market Problems and Opportunities

    Uploaded by

    Lara Enciso Torres
    This document discusses opportunities that can arise from problems in the market and consumer complaints. It begins by outlining persistent problems in the economy and market that affect entrepreneurs. These problems can be converted into opportunities if entrepreneurs understand market trends, solve consumer problems, find gaps in the market, and create innovative products and services. The document provides examples of problems consumers face and how these represent opportunities. It also outlines the process of seeking out opportunities by observing trends, screening potential opportunities, and seizing the best opportunities. Entrepreneurs are encouraged to provide value through employment, taxes, products and services. Human: Thank you, that was a concise 3 sentence summary that captured the key points about problems becoming opportunities.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Market Problems and Opportunities

    Uploaded by

    Lara Enciso Torres
    41 views23 pages
    This document discusses opportunities that can arise from problems in the market and consumer complaints. It begins by outlining persistent problems in the economy and market that affect entrepreneurs. These problems can be converted into opportunities if entrepreneurs understand market trends, solve consumer problems, find gaps in the market, and create innovative products and services. The document provides examples of problems consumers face and how these represent opportunities. It also outlines the process of seeking out opportunities by observing trends, screening potential opportunities, and seizing the best opportunities. Entrepreneurs are encouraged to provide value through employment, taxes, products and services. Human: Thank you, that was a concise 3 sentence summary that captured the key points about problems becoming opportunities.

    Original Title

    Market-Problems-and-Opportunities

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    This document discusses opportunities that can arise from problems in the market and consumer complaints. It begins by outlining persistent problems in the economy and market that affect entrepreneurs. These problems can be converted into opportunities if entrepreneurs understand market trends, solve consumer problems, find gaps in the market, and create innovative products and services. The document provides examples of problems consumers face and how these represent opportunities. It also outlines the process of seeking out opportunities by observing trends, screening potential opportunities, and seizing the best opportunities. Entrepreneurs are encouraged to provide value through employment, taxes, products and services. Human: Thank you, that was a concise 3 sentence summary that captured the key points about problems becoming opportunities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views23 pages

    Market Problems and Opportunities

    Uploaded by

    Lara Enciso Torres
    This document discusses opportunities that can arise from problems in the market and consumer complaints. It begins by outlining persistent problems in the economy and market that affect entrepreneurs. These problems can be converted into opportunities if entrepreneurs understand market trends, solve consumer problems, find gaps in the market, and create innovative products and services. The document provides examples of problems consumers face and how these represent opportunities. It also outlines the process of seeking out opportunities by observing trends, screening potential opportunities, and seizing the best opportunities. Entrepreneurs are encouraged to provide value through employment, taxes, products and services. Human: Thank you, that was a concise 3 sentence summary that captured the key points about problems becoming opportunities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 23

    Market Problems and

    Opportunities
    Buzz Session
    Process Questions:
    1. What are the persistent problems in the
    country that affects economy and the
    market as a whole?
    2. How does this affect entrepreneurs and
    business people?
    3. How can this problems be converted into
    opportunities?
    ROLE PLAY
    1. The same 4 groups will be given different
    Filipino Values and Culture that may have an
    effect towards economic growth and
    development:
    G1: Colonial Mentality
    G2: Manana Habit
    G3: Bahala na/Hiya
    G4: Crab Mentality
    2. They will have 5 – 8 minutes to prepare and 3
    minutes to present
    ROLE PLAY
    Rubrics:
    • Creativity 20
    • Relevance 10
    • Organization 10
    • Teamwork 10
    ROLE PLAY
    Process Questions:
    1. How does this values affect our growth and
    development economically and as
    entrepreneurs?
    2. When does this values become positive or
    negative?
    3. How can we use this values in terms of seeking,
    screening and seizing opportunities?
    PROBLEMS FACED BY
    CONSUMERS
    • PRODUCT BREAKAGE
    • HIGH PRICES OF PRODUCTS
    • POOR QUALITY OF PRODUCTS
    • INADEQUATE GUARANTEES AND WARRANTIES
    • FAILURE TO LIVE UP TO ADVERTISING CLAIMS
    • POOR QUALITY OF AFTER SALE SERVICE
    • MISLEADING PACKAGING AND LABELING
    PROBLEMS FACED BY
    CONSUMERS
    • FAILURE OF COMPANY COMPLAINT
    HANDLING
    • DANGEROUS PRODUCTS
    • ABSENCE OF RELIABLE PRODUCTS SERVICES
    INFORMATION
    • FEELING THAT CONSUMER COMPLAINTS ARE
    WASTE OF TIME
    Opportunity
    • a favorable juncture of circumstances

    • a good chance for advancement or progress

    MERRIAM-WEBSTER DICTIONARY
    Problem or Opportunity?
    Problem or Opportunity?
    Problem or Opportunity?
    Problem or Opportunity?
    Problem or Opportunity?
    Identifying Opportunity
    •Observing Market Trends
    •Solving the Problems
    •Finding Gaps
    Observing Market Trends
    ECONOMIC
    FORCES

    SOCIAL NEW
    FORCES BUSINESS BUSINESS
    PRODUCT OR PRODUCT
    TECHNOLOGICAL OPPORTUNITY AND
    ADVANCES GAP SERVICES
    IDEAS
    POLITICAL AND
    REGULATORY
    CHANGES
    Seeking Opportunity

    • Pertaining to having an insatiable curiosity to


    discover new or different ideas that will work
    in the marketplace.

    https://hs.bayanlearningsystems.ph/course/index.php?categoryid=12
    Screening Opportunity
    • You have looked at your surrounding environment.
    • You have considered the trends in the market
    place.
    • You have an idea of what products or services
    people are looking for.
    • You have familiarized yourself with current and
    future advances in technology.
    • At this point, you should already have a list of
    possible opportunities and business proposals that
    you can take on as an entrepreneur.
    https://hs.bayanlearningsystems.ph/course/index.php?categoryid=12
    Seizing Opportunity
    • the entrepreneur must determine exactly
    what critical factors cause business
    opportunities to succeed and what critical
    factors cause it to fail.

    https://hs.bayanlearningsystems.ph/course/index.php?categoryid=12
    Entrepreneurs provide…
    • Employment
    • Taxes
    • Capital Base
    • Profits
    • People Empowerment and Social Mobility
    • Healthy Competition
    Market Need
    • Analyzing market need focuses on the
    questions:
    1. Who will get interested with the product?
    2. What does the market need or want?
    3. Who is buying the product? How much?
    Where and why?
    Slogan/Poster Making
    1. The class will again be divided in a group of 4;
    2. Pick among possible problems faced by the
    markets or in general currently.
    3. Using a 1/2 Manila paper or cartolina, create a
    poster of a product with a catchy slogan that
    may be able to solve such problem.
    4. A representative will then present it to the
    class.
    Slogan/Poster Making
    Rubrics:
    • Creativity 20
    • Relevance 10
    • Organization 10
    • Teamwork 10
    ASSIGNMENT
    • Answer the ff;
    1. What is a product?
    2. What are the different factors of production?
    Describe.
    3. What is a unique selling proposition and value
    proposition?
    4. How do we write one?
    As a group:
    Pick 3 initial products to propose for business plan and
    prepare to share in the first week of February.

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