Produktong Lokal 2024: A Taste of Filipino Excellence is a Business Pitching Competition that revolves around the integration of knowledge, skills, creativity, and tourism and hospitality industry relevance. By challenging students to create a feasible US-based Filipino-themed food business, the competition serves as a comprehensive experience, preparing them for the ever-evolving Tourism and Hospitality industry.
Here are the mechanics for the competition:
MECHANICS
(1st Saturday Session) Orientation/Panel Discussion
- There shall be 4 participants per team. It can be comprised of both Tourism/Hospitality Management students.
- There can be 3 entries per Institution/university.
- All members of the team shall be members of JTHMAP.
- The team shall attend both Saturday sessions. Failure to do so may result in disqualification
- The team shall come up with an innovative food business idea that will be based in the US. The business shall be Filipino-themed and shall showcase authentic Filipino products.
- The first Saturday session will be a Panel Discussion with esteemed speakers.
- All teams are expected to be as participative as possible in the group discussion and shall prepare their inquiries and thoughts.
(2nd Saturday Session) Competition Proper/Awarding
- The second session shall be the competition proper and awarding.
- All entries will be screened first and only the Top 10 teams will be given the chance to present their Business Idea for the 2nd Saturday.
- The presentation will be inspired by the famous American TV show “Shark Tank”.
- Each team shall be given a total of 15 minutes for their presentation, 5 minutes of which will be allotted for the question and answer portion. Exceeding this time limit will result in a deduction in their points.
- The team shall prepare a PowerPoint Presentation following the format that will be given by the organizers.
- All data that will be presented, shall be as realistic as possible.
- All presentations will be a property of JTHMAP upon submission.
OUTPUT FORMAT
Company Profile
- Business Name
- Logo
- Vision, Mission and Objectives
- Corporate Social Responsibility
- Products/Services
- Size of Business
- SWOT Analysis
Industry Analysis
- Industry Profile
- Demand and Supply Analysis
- Market Analysis
- Competitor Analysis
Management Plan
- Form of Ownership
- Proposed Organizational Chart
- Manpower Requirements
- Roles and Responsibilities
Production/Operation Plan
- Technical Process
- Facilities Layout
- Machinery and Equipment needed
- Raw Materials
- Maximum and Minimum Capacity
- Waste Disposal System
Marketing Plan
- Product
- Price
- Distribution
- Promotion
Financial Plan
- Assumptions
- Sales Plan
- Income Statement
- Cash Flow Statement
Socio-Economic Aspect
- Government
- Customer
- Community
- Proponents
Business Model Canvas
Join us by filling out the registration below. The registration is until April 10, 2024. 1st Saturday Session Orientation/Panel Discussion will be on April 13, 2023.
Registration Link: https://forms.gle/SSTAWtMg5KCFbNmf7
See you!