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Need and Opportunity Analysis
Need and Opportunity Analysis
Need and Opportunity Analysis
Submitted by:
ANG, Shania Marie
CARTAHENAS, Ronaly
DIVINAGRACIA, Ma. Andrea
GOMEZ, Yvanns Kaylee
MANALOTO, Adrianne There
NAYAD, Mikel Dominic
TOLEDO, Reanna Ryce
Overview of Social Problem
With the aforementioned data above, this study will focus mostly on
communities where poverty is a major concern, specifically, puroks 6 and 7 of
Barangay Tapul, Talisay City. According to the 2020 Census, Barangay Tapul
has a population of 2,329. This amounted to 0.89 percent of Talisay's total
population. These places are dealing with such underlying concerns as they are
located in an area where public transportation is not available due to the
remoteness of their land. This situation makes it a challenge for the people in
Barangay Tapul to secure better jobs or to find a much more stable job
opportunity. Their source of income comes only from working in construction
sites, farming and scavenging which are still insufficient jobs to help them
sustain themselves and for their families.
To aid in the resolution of the underlying issue that exists in Puroks 6 and
7, the Sustainable Development Goal (SDG) 1 and 8: No Poverty and Decent
Work and Economic Growth creates the concept of poverty alleviation and
economic growth in both puroks. The approach to poverty reduction for this
study is to establish food businesses that garner productive jobs in places where
poor people work, because poverty alleviation is fundamentally about
introducing growth processes to poor places.
External Environment (PESTEL )
Political Environment
● The political environment surrounding the business can either make or
break it. The business hopes for continuous leadership from local
government officials who encourage businesses that will help the
development and growth of the community. With the government’s
continuous effort to apply the Philippine Development Plan (2017 - 2022),
it will be easier for the business to flourish as it rides on the government’s
support in eradicating poverty through economic development.
Economic Environment
● The economic state of the Philippines is ever fluctuating, especially now
during a pandemic. The severity of the Coronavirus cases can directly
affect economic activity and become a hindrance to the business. Because
of the virus, there is a higher tendency for people to cook their meals at
home or have them delivered, usually opting for restaurants and diners in
close proximity. This significantly decreases the demand for our product.
Moreover, because of the current state of the pandemic, there is a decrease
in the purchasing power of the consumers. With that, consumers are less
likely to purchase ready-made meals from restaurants because the
cheaper alternative is to cook them at home. Although that may be the
case, the collective effort between the general public, the government, and
the medical professionals are slowly paying off as things steadily go back
to normal. As physical restrictions dwindle, the demand for our product
rises.
Social Factors
● In the aspect of socio economics, there is a growing number of conscious
consumers and the trend of consumer awareness. Consumers now
concern themselves with how ethical, sustainable, and charitable a
business is. This growing consciousness and trend popularized green
marketing initiatives and is proven to be effective on multiple occasions.
Although the business does not specifically utilize green marketing, it
perfectly tackles this trend as the ingredients are bought and sourced
locally from the community itself. Further, our business initiative directly
gives back to the community by providing one free meal for each meal
purchased by our customers.
Technological Advancements
● Every day, technological advancements are made and many of them are
applied in business. The development of food delivery applications has
centralized food delivery, making it more efficient and has made it easier
for consumers to connect with restaurants. With easy accessibility,
numerous payment options, and effortless delivery, it opens a new avenue
for restaurants to earn more revenue and recognition. Additionally,
technology, specifically social media, can be used as an effective marketing
tool. Tailored ads help businesses reach their target market easier and
reach new markets.
Environmental Factors
● The ever-changing weather conditions due to the continuous severity of
climate change will have grave consequences on the business, most
especially to the source of our ingredients. Climate change holds an
indirect relationship with how well the business may succeed. Unfavorable
weather conditions like long periods of heavy rainfall, flooding, or
extremely high temperatures may all affect crop production and quality
thus extending the impact not only towards the business but also to the
livelihood of the suppliers as well. On the other hand, with the general
public’s growing environmental concern, the business may use this as our
competitive advantage. Since we source our ingredients from local farms,
our carbon footprint will fall under the average amount by other
restaurants.
Legal Aspects
● The last component to complete the analysis is one of the most important
components as it determines whether we will be able to operate the
business or not. For starters, we will have to procure legal documents such
as business permits, registrations, clearances, and certifications from
multiple legal bodies like the Bureau of Internal Revenue and the
Department of Trade and Industry. Moreover, we will have to ensure that
the business follows the up-to-date safety and sanitation standards as well
as the labor laws of the country. Even more, we will have to research on
the most viable option when it comes to the means of acquiring the
financial capital needed in order to put up the business while acquiring the
least amount of debt. Basic bookkeeping skills and knowledge will also be needed
to make sure all financial and legal aspects of the business are taken care of.
Root Causes Analysis Diagram
Barriers/Constraint/Limitations
Due to the COVID pandemic, and the current situation of travel, it is virtually
impossible to get a hands-on effort to the task, therefore heavily relying on data
and digital communication. Moreover, most food service-based establishments
today are constrained due to volatility and inconsistency of government protocol.
This meant riskier operations; immediate issuance of tighter restrictions, or
worse, lockdowns might render the business slow to development or might grind
to a halt.