NU 12: Product Improvement by Jem Caraig

Cathleen Jem Caraig

ENTREP – NU12

New Products / Product Improvements

Milk Tea: The Next Level

Since milk tea is a trend nowadays, I was thinking of other ways to enhance the product. As I've noticed from most milk tea products, they don't have food to compliment the drinks. Also, I have been an avid fan of cupcakes lately so I had an idea of combining the two things I currently love and creating a new product or improve since they're both already in the market.

The idea of combining both sweet products into one business venture will be difficult to introduce to the market. However, creating new flavours of milk teas and cupcakes would make them more interesting. Since milk teas originated from Taiwan, why not create delicious cupcakes from Taiwan's famous flavours?

Fa Gao cupcakes is one of the famous Taiwanese cupcakes made from rice flour, yeast and sweetener and baked until it puffs like that of a "putok" bread famous here in the Philippines. Fa Gao means "prosperity cake" in Chinese and it is popularly used during the new year.

Fa Gao cupcakes would definitely bring a boost to the famous milk teas here in the country. I think combining the two products would create a competitive advantage against other milk tea providers. (Why I think, just a seminal idea;  not yet tested?)   3

Source: http://en.wikipedia.org/wiki/Fa_gao

  

NU12 Kristine Abrugena; Checking Double Posts of Debit Cards

Good morning Sir, I am resending my Week 1 NU12 paper to this other email address of yours. Thank you and have a nice day! Kristine Abrugena --- On Sun, 4/8/12, Kristine Abrugena <kristineabrugena@yahoo.com> wrote: From: Kristine Abrugena <kristineabrugena@yahoo.com> Subject: NU12_Abrugena To: profjorge.entrep.jorgeus@blogger.com Date: Sunday, April 8, 2012, 6:09 PM Dear Sir, please see below. Thank you. ABRUGENA, KRISTINE C. April 8, 2012   Journal of what new opportunities the student saw at work or personal life, cases or readings. The focus is opportunities and innovation.   Spending is undeniably a part of life and there can be various issues that come with it. For so long a time, credit cards have become a necessity for some to improve their consumption capabilities. The existence of credit cards eases the spending of not only the needs but also the wants of people. Personally, I do not depend on credit spending. I do not have my own credit card as I chose to have it cancelled few years back. However, I was made a supplementary cardholder of my father's and I get to use it only for fuel consumptions at times.   I have been in the banking industry for five years now and I know of various cash management products that provide innovation to the way people spend. However, it is just recently that I decided to apply for a debit card. I have always preferred cash out rather than monitoring credit card dues. I just realized that it is more convenient to carry just one card instead of cash and there would be no added expenses anyway as there will be no interest charges and my annual fees are waived, being an employee of the bank. Nevertheless, despite the convenience it offers, my concern pertains to the tracking of the account balance. I think that consumers will be more appreciative of the debit cards if there is a device that is readily available for consumers to purchase and is handy in order to know immediately their balances. In consideration to the frequent usage of debit cards, monitoring of account balances may become tedious for most consumers. There are even instances when stores or groceries erroneously debit the account twice and it usually takes a month for the bank to credit back the funds. What I am thinking is, in cases when double debits occur, there should be a device as well for stores that reverts back the balance without delay after proper confirmation with the bank so as not to hassle the costumer too much. The store might have the responsibility to coordinate with the bank in such circumstances but as we are looking on innovation, it would be much better to make things easier for consumers.   All the same, spending entails discipline and knowing the right way to track one's expenditures. But innovation is at all times expected to make people's lives easier and more convenient. Hence, a device or a system connected to a consumer's mobile phone or computer can definitely help to allow organization in monitoring. This system can be subscribed in by customers just like prepaid e-loads or autoloads so they could have easy access to their accounts anywhere. As to the side of the stores and groceries, making available to consumers the electronic payment transactions, there should also be an alternative device or a "trouble shoot" system which is within reach for a more efficient practice of commerce.    This seems good:   what would the device or system be?    3.

NU12 by Kristin Raval - What pisses you off at the School

What pisses you off at AGSB? What must be done?

I have been in AGSB for the past 2 years and I have come to appreciate all the benefits and learnings that I have acquired from studying in the school. It has (almost) always been a pleasant experience whenever I am at school – except for some that I have been exasperating since.

One of them would be the lost ID charges – my question is, how did the school even come up with the Php200 fee? What comes with it? Is it the price of getting students (or even professors) hassled nowadays? Perhaps the school needs to re-think this policy because I think this is unfair to all of us concerned. Come to think of it, how the student gets to be legitimately allowed within the school premises is just too funny – there will be argument (or pleading) between the student and the guard, and then once the student realized s/he doesn't get her/his way, a guard escorts (or flags to other security guards within the school grounds) the student to the cashier and then the student is let go. I mean, it is also hassle for the guards because they have to babysit some forgetful student for the day. What I think the school needs to do first is to do away with this forgotten or lost ID fee so all parties concerned will not be hassled anymore. How about the school has a centralized database (or even just a list of enrolled students for the term) which the guards can access from their post so that when one student forgets his/her ID, the guard just verifies through the database that s/he indeed is a student of the school and just lets him/her in. One way of penalizing the student for forgetting his/her ID is to modify the earlier suggestion – the guard has access to the database, then a scanner is placed on all entry points of the school. This scanner shall be the "ticket" of the student to enter the school and can also double up as an attendance monitoring system. If a student forgets his/her ID for the day, s/he will be marked absent in class without any chance to appeal.

Another thing that somehow annoys me is that there are very few choices in the school cafeteria. Albeit the good food offered by the current concessionaire, it is still not enough for the students. The cafeteria is very big for the entire student population so we need more than just Wendy's, Fruitas, Tea Delite, and Pizza Pedericos. There should be a re-layout of the cafeteria wherein 3 or 4 more stalls can be added at the sides. Proposed food choices should be more on the gourmet side, since a lot of people nowadays are health-conscious. Perhaps a salad bar, a dessert stall, and a mini-coffee shop are the minimum "requirements" to vamp up the cafeteria. This way, students will appreciate the cafeteria better and we won't have to cross the street anymore to get to Powerplant just to buy more decent snacks.

One last major thing that I have been hoping that the school realizes is that there is no tissue paper provided for in the toilets and that the hand dryer mechanism doesn't work properly. Sure, the wash rooms are big enough for the school population and that there is a working bidet in each cubicle, but I still don't get it why the school can't even provide a toilet paper. I think it is very basic for a toilet paper to exist in a wash room. I noticed that there are tissue holders in some cubicles, but what is the use of the tissue holder if there's no tissue to hold? There are also tissue and sanitary napkin vendo machines, but most of the time those are empty. The school needs to provide toilet papers in each of the wash room cubicles and make sure that they don't run out of supply. Also, there should be strict monitoring of the vendo supplies so that students don't have to go around asking others if they have sanitary napkins to spare or even tissue paper.

As one of the most prestigious schools in the country, AGSB needs to provide the students with a more hassle-free academic life, a more decent cafeteria, and a working and complete toilet. This way, the school can better protect its brand and give the entire school population a better peace of mind. 4                  This is the nth time this complaint  has been forwarded.  No action.  from a management education institution?