EXERCISE ON TECHNICAL AND OPERATIONS ASPECT

Team Name: Section:

Name of Team Member Signature

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Business Concept Statement – This is a one-sentence public statement of what your business
is seeking to accomplish.

A. Technology/Innovation

1. What new technology or innovation will be employed in your business?

Discuss this technology or innovation.

2. How will the technology or innovation be used to establish your value proposition?

B. Materials and Equipment

1. What equipment, materials and supplies will you need?

2. Where can you buy them?
3. How much would they cost?
 Qty. Item Name and Address of Supplier Price
Equipment

Raw Materials

Other Supplies

C. Business Site

Where will you locate your production site and/or market outlet (if any)?
In our initial phase, we plan to establish our production site in our respective local
addresses in the vicinity of the campus (ex. Dormitory in Umali subdivision). Factors that
determined this are: our status as UPLB undergraduate students, proximity to target market, and
the nature of the product, it being an online application.
The “market outlets” are determined by our users who are the product and service
providers. They are most likely also confined to the vicinity of the campus. However, they are
entitled to offer services not confined to the area (Los Banos). Examples of which are tutorial
services which may be held at the locations of their own discretion and delivery services outside
of the area.
When our business has achieved a stable market and the need for additional manpower in
sustaining the application arises, we may acquire an office space to establish an official address.
Preferably, it will still be located in the vicinity of UPLB. However, factors such as financial ,and
home addresses of manpower involved will direct this. Thus, this is tentative and dependent on
the success of #bringitUP.

D. Labor Requirements

1. What kind of technical skills will be needed? What important competencies are expected
from the workers?
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