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  • Q2 Module 3

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    Alex Abonales Dumandan
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    This module discusses applying business principles, tools, and techniques for participating in various industries locally. It provides examples of setting up an online or offline tutoring class to teach children, or starting an online delivery business for groceries, food, or other essentials. The document emphasizes conducting a SWOT analysis to identify strengths, weaknesses, opportunities, and threats to ensure the business idea is suitable and will be supported in the community.

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    This module discusses applying business principles, tools, and techniques for participating in various industries locally. It provides examples of setting up an online or offline tutoring class to teach children, or starting an online delivery business for groceries, food, or other essentials. The document emphasizes conducting a SWOT analysis to identify strengths, weaknesses, opportunities, and threats to ensure the business idea is suitable and will be supported in the community.

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    67 views3 pages

    Q2 Module 3

    Uploaded by

    Alex Abonales Dumandan
    This module discusses applying business principles, tools, and techniques for participating in various industries locally. It provides examples of setting up an online or offline tutoring class to teach children, or starting an online delivery business for groceries, food, or other essentials. The document emphasizes conducting a SWOT analysis to identify strengths, weaknesses, opportunities, and threats to ensure the business idea is suitable and will be supported in the community.

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    © All Rights Reserved
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    of 3

    MODULE 3 - FOURTH QUARTER TOPIC: APPLYING BUSINESS PRINCIPLES,

    APPLIED ECONOMICS TOOLS, AND TECHNIQUES IN PARTICIPATING


    IN VARIOUS TYPES OF INDUSTRIES IN THE
    LOCALITY
    OVERVIEW:

    This module was designed and written with you in mind. It is here to help
    you master the nature of Apply business principles, tools, and techniques in
    participating in various types of industries in the locality. The scope of this module
    permits it to be used in many different learning situations. The language used
    recognizes the diverse vocabulary level of students. The lessons are arranged to
    follow the standard sequence of the course.
    CONTENT STANDARD: Demonstrates understanding of … the law of supply and
    demand, and factors affecting the economic situation.
    PERFORMANCE STANDARD: Learners should be able… conduct a survey of current
    economic situations within the vicinity.
    LEARNING COMPETENCY:
     Apply the selected principle, tools and techniques in various types of industry in the
    community.
    CONTENT:
    Applying business principles, tool and
    techniques in participating in various
    types of industries in the locality

    Consider some example that may help create your own business in your locality.

    Set up your online/offline tutoring class – a lot of learners have been affected by this
    pandemic, look at your neighbourhood wherein you can approach them to teach their
    children both online and offline. Make a demonstration to your target customer wherein
    your talents in teaching their children are needed.

    Online tutors now a days is in demand especially in time like this, since there is no
    face to face classes, parents are force to teach their children at home. In this you can
    develop an online /offline tutoring class. Make use of your knowledge in crafting your tools
    in creating a business.
    Set up your own online delivery business
    The online delivery business is at a high boom. At this moment because of the
    pandemic people oft to buy online, and the mode will be carried on even after COVID-19.
    Many of the existing online food delivery companies are in the market. They are doing good
    for themselves. But few of the online delivery businesses focus on the miscellaneous
    commodities deliveries. This could be a turning point for starting your own online delivery
    business.
    Here are some online delivery that you want to start with in your locality.
    Remember this is only a suggestion to help you:
    • Grocery delivery
    • Food delivery
    • Daily needs essentials delivery

    The online delivery business need only small capital that could bring with a high
    income and Return of Investment (ROI). If you are delivering services to your customer see
    to it that the price goes to its quality so that your customer will patronize your product
    being delivered.
    In generating business idea, you should first identify what type of business is suited
    to community/locality. You should analyze and scan the potential environment, study the
    marketing practices and strategies of your competitors, analyze the strengths,
    weaknesses, opportunities, and the threats in your environment to ensure that the
    products or services you are planning to offer will be patronized within the easy reach by
    your target consumers.
    Bear in mind these simple rules for successful SWOT Analysis:

    Be realistic about the strengths and weaknesses of your business when conducting SWOT
    Analysis.
     SWOT Analysis should distinguish between where your business is today, and
    where it could be in the future.
     SWOT Analysis should always be specific. Avoid any grey area.
     Always apply SWOT Analysis in relation to your competition i.e. better than or
    worse than your competitions.
     Keep your SWOT Analysis short and simple. Avoid complexity and over analysis.
    SWOT Analysis is subjective.

    References

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