BLIZARRE BITS BEADS SHOP
BLIZARRE BITS BEADS SHOP
The Entrepreneurial Strategy Implementation course covers ENT113 and ENT114 and is a two-semester course where the 4th-year BS Entrepreneurship students finally operate their businesses for a whole year.
As the school year ends, Blizarre Bits' eight (8) months of business operation also concludes. In this business performance analysis, the projected plans from the learning company's business plan will be compared with the actual outcomes of the business operations.
Upon performing the comparison, it was revealed that due to customer demand dynamics, monthly theme choice, and the inherent production capacity of the business, the company's actual monthly production target fluctuated from its initial plan of having a consistent monthly production target. Despite this fluctuation, the company was still able to surpass most of its predetermined production targets, resulting in a notable overachievement in the manufacturing output.
Additionally, it was revealed that the marketing aspect of the company has outstandingly implemented and exceeded its marketing goals, objectives, and strategies outlined in its initial plan. Moreover, it also adhered to the company's value proposition throughout the duration of its operations.
Furthermore, in terms of its financial aspect, the company is considered profitable as it has recovered its capital while also having a return on investment (ROI) of 193.42% and a net profit margin of 38.12%. The company also garnered a total of P 103,529.00, selling 680 units all in all.
That said, despite some setbacks in particular areas, Blizarre Bits has performed well in its one year of operations. However, the main recommendations revolve around increasing the productivity of its production, which means improving human resources and minimizing delays and late delivery. These may all be resolved through constant communication, such as human resource trackers, outsourcing of additional workforce, and tracking systems for purchased goods.
Abayan, Razel Rae
Balingit, Nathalia
Camelotes, Precious
Lalanto, Amneera Shania
Orquillas, Ivan Raphael
Wayco, Ara Jean Cecilia
Blizarre Bits Beads Shop
Blizarre Bits
Beads Shop
Business Performance Report