BACKGROUND OF THE BUSINESS VENTURE

IV.
a. Our product is named AlarMed, It is a manufacturing type of business that focuses on the

healthcare of the consumers especially the patients. AlarMed is a Smart Schedule

Alarming Medicine Cabinet, is a mini medicine cabinet that alarms when your medicine

intake is already needed. The Cabinet has multiple boxes; rows and columns for the days

and time. This product is Arduino based and is programmed to a certain schedule/s

depending on what time the medicine should be taken. In this product we can organize

our business efficiently and specifically in medicine and it creates the framework needed

to reach a company’s certain objective and goals, and by organizing this project we can

process the defining and grouping activities and establishing authority relationships

among the members of the group to attain organizational objectives. This is also a very

important strategic tool for us that undergo business ventures, it not only helps us to focus

on the specific steps necessary to make business ideas succeed, but it also helps us

achieve both our short-term and long-term objectives.

b. Mission

To ensure conveniency as it accurately convey destined time to take pre-scripted

medicine. Giving practical solution for fragmentary scheduled treatment, feeding patients
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anxious medication intake and furthermore advocate technological advantage as well.

Our purpose is to improve the physical, mental and emotional needs of the sick and

provides unique medical equipments and supplies especially in medical mission facilities.

Vision

To make the patient facilitate when taking of medicine in an easy and smartest way. It

creates a new way of taking medicine without hindrances of what the patient should take

a specific medicine everyday and have the medicine takes place in organized box and

informing the nurses and patient on what time and indicating what kind of medicine the

patient should take. The business aims to regulate the use of drug/medicine in an easy

manner and improve the health industry.

c. Our Product Alarmed offers unique healthcare solutions for the patients and medical staffs

to improve and regulate the medicine intake of the patients and to ensure their medicinal

needs, and this product is also good for the people who is too busy doing their jobs and to

those who has daily maintenance and people who does a lot of work at home that has no time

checking their schedule of medicine intake. If the AlarMed alarms, the owner will already

know that he needs to take his medicine. The AlarMed has a built in alarm in case the owner

is far from it and light indicators to tell the user which schedule of medicine intake he already

needs to take. This product has competitive advantage in health industry especially in this
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time of health crisis, because anyone can buy it, it also easy to use and reminding the

consumers to take the medicine. One of the advantage that it has is the field of medicine

which plays an important role during the health crisis where everyone needs it and anyone

can be our target market. It also focuses on reminding to take medicine, easy to use even the

person with disabilities and elderlies. This type of medical technology can made significant

contributions to improving the health of people all around the world and plays a crucial role

in sustaining health and improving, saving the lives of the people.

d. The important feature of the product is the informing method of the device that can help the

patients to intake medicine, it also has specific place for each medicine that needs to intake by

the patients, this product regulates the dosage of the medicine that the patient needs, and help the

medical staff like the nurses and doctors to prescribe a specific medicine to intake by the

patients, it has a digital indicator on what time and what kind of medicine that the patient needs

specifically, this uniqueness of the product can have numerous advantage over its competitors

and ensure the safety of everyone. This product is easy to use, just open the Smartbox like any

other open close Tupperware products, you can open it everytime it indicates that a certain

person will intake the medicine to ensure the best time possible for the intake of the medicine.

The AlarMed can be given to everyone especially for the elderlies that sometimes forgotten to

intake medicine or what type of drug/medicine should be intake, this can be also delivered in the

medical facilities for the admitting patients that needs the maximum healthcare services that

he/she needs during his/her stay in the hospital, and also it can make the nurses job easily
 BACKGROUND OF THE BUSINESS VENTURE

because the nurse can tell the patients that they need to open the AlarMed box when it indicates

that the patient needs to intake a medicine/drug without hassle for the nurse to give prescribed

medicine for the patients.

This type of product can have numerous advantages in terms of healthcare services during the

time of health crisis, it has a huge demand for the market especially in medical facilities, also for

the other private sectors to ensure the health of every person that has a maintenance medicine.

One of the reasons why this product has a competitive advantage in terms of business is because

it has an important role in healthcare industry, the dependence of the medical technology cannot

be overstated, and as a result of the development of these brilliant innovations, healthcare

practitioners can continue to find ways to improve their practice – from better diagnosis and

improved patient care.

This product also improves the quality of life and it is one of the main benefits of integrating new

innovations into medicine, this type of medicine technology can have better monitoring systems

in terms of prescribing medicine and informing the patients of what certain type of medicine

should be taken in a specific time. It also has indicator and more comfortable usage and allowing

patients to spend less time in recovery and more time enjoying a healthy life.