MONKIII
MONKIII
Monkiii Food Corner, an emerging food business, navigated the challenges of strategically crafting unique banana-based snacks from excess produce with its impact-driven approach. This paper provides a comprehensive overview of its strategic initiatives, financial performance, and efforts to contribute to sustainable agricultural practices during its business simulation.
In this analysis, Monkiii’s financial performance was evaluated, revealing a significant difference between projected and actual financial performance. While falling short of target net income and cash flow, the project's Return on Investment (ROI) stands at 70.54%, indicating a positive return relative to the initial investment. With this in mind, Monkiii achieved a Gross Profit Margin (GPM) of 46.33% and a Net Profit Margin (NPM) of 22.47%. The company demonstrated proactive measures to address bottlenecks and inefficiencies in production and operations, focusing on enhancing efficiency and streamlining processes. Positive organizational relations, information, and communication were noted regarding its human resources performance. However, areas for improvement in teamwork were identified. Monkiii's marketing and sales strategy is commendable for its innovation across the four Ps of the marketing mix. This showcases its commitment to adaptability and innovation in addressing production, product development, and personnel management challenges. Furthermore, Monkiii has demonstrated adherence to good governance principles, consistently following the established principles, ensuring effective decision-making, stakeholder engagement, and regulatory compliance. As for the company’s CSR initiative, PEELanthropy, underscored its commitment to corporate social responsibility, achieving a notable 100% reduction in food waste for March and showcasing innovative solutions.
Constantly identifying areas for improvement is an effective way for Monkiii to grow and increase its stability. Recommendations for improvement revolve around addressing its business location challenges, diversifying its supplier base, and investing in technology and automation. This aims to enhance foot traffic and visibility through strategic relocation or partnerships, as well as mitigate risks by diversifying suppliers and establishing contingency plans. Additionally, investments in technology and automation are prioritized to streamline operations, improve efficiency, and enhance scalability. Emphasizing the simulation, Monkiii acknowledges its importance in providing practical experience fostering leadership, decision-making, and problem-solving skills that strengthen its competitive edge, ensuring sustained growth in the dynamic food industry.
Aberilla, Anna Katherina
Jerusalem, Francis Zion
Moreno, Vanessa Gayle
Padilla, Luke David
Portallo, Jay
Vergara, Michael Lance
Zamora, Charade
Emerging food business
unique banana-based snacks
PEELanthropy