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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 8: Pitch Deck Presentation

In today's fast-paced and fiercely competitive business landscape, effective communication holds the key to unlocking extraordinary opportunities. Among the myriad of communication tools at an entrepreneur's disposal, the pitch deck presentation stands as a formidable weapon, capable of captivating investors, clients, and stakeholders alike. Crafting a compelling pitch deck presentation demands a delicate blend of creativity, strategic thinking, and an acute understanding of one's business objectives.

During our presentation, we have introduced our ground-breaking custom-gear making services in our pitch deck presentation, highlighting how we are revolutionizing the market through innovation, customization and technology breakthroughs. We want to redefine how people express themselves and interact with the world by leveraging the rising desire for distinctive goods. Join us on this thrilling journey as we push the limits of customization and enable people to proudly display their individuality.

Innovation and customization come together in the field of custom-gear manufacturing services to produce one-of-a-kind and memorable goods. The desire for uniquely designed gear has never been higher in a culture that values uniqueness and self-expression. The purpose of this pitch deck presentation is to outline our state-of-the-art custom gear-making capabilities and demonstrate how we are redefining the market.

In conclusion, our custom-gear making presentation has illuminated the immense potential and impact of personalized products in today's market. We have showcased how our innovative approach to custom gear-making services bridges the gap between mass-produced items and the desire for individuality and self-expression. By offering a seamless and collaborative process, we empower customers to unleash their creativity and bring their unique visions to life. Our state-of-the-art equipment, skilled designers, and meticulous craftsmanship ensure that every custom gear we create is a work of art, tailored to the specific preferences and needs of our customers. Furthermore, our competitive edge lies in our commitment to technological advancements and continuous innovation. We stay ahead of the curve by adopting cutting-edge technologies and materials, enabling us to offer an unparalleled level of quality and customization option.

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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 7: Business Model Canvas

Our topic instructor assigned us this week to present an assignment we accomplished last week. Our team was the first to present at this team presentation because we were the only one who had already prepared.

Presentation

In the world of manufacturing, custom gear-making services play a crucial role in providing businesses with tailor-made gears to meet their unique requirements. These gears are vital components that enable the smooth functioning of various machinery and equipment. In this blog post, we will delve into the Business Model Canvas (BMC) of a hypothetical custom gear-making service company. By analyzing each component of the BMC, we will explore how such a business can create value, generate revenue, and ultimately thrive in a competitive market.

Customer Segments

Identifying and understanding the target customer segments is the first step in developing a successful business model. A custom gear-making service would typically cater to a range of industries, including automotive, aerospace, machinery, and manufacturing. The company might focus on serving businesses seeking unique gear solutions, such as prototypes, replacement parts, or specialized machinery gears.

2. Value Proposition

The value proposition of a custom gear-making service lies in its ability to provide high-quality, precision-engineered gears that perfectly match the customer's requirements. This includes offering expertise in gear design, material selection, and manufacturing techniques. By delivering customized solutions, the company can help clients improve efficiency, reduce downtime, and optimize the performance of their machinery

3. Channels

To reach and engage with customers effectively, a multi-channel approach would be essential. This may include a combination of online platforms, such as a user-friendly website showcasing the company's capabilities, a digital catalog of gear options, and an online quoting system. Additionally, establishing strategic partnerships with equipment manufacturers, distributors, and industry trade shows can help expand the company's reach and visibility.

4. Customer Relationships

Building strong customer relationships is vital for long-term success. This could involve offering personalized customer support, providing expert guidance throughout the gear-making process, and ensuring timely delivery. Regular communication and feedback mechanisms can also help in understanding customer needs and improving the service based on their requirements.

5. Revenue Streams

The revenue streams for a custom gear-making service may come from various sources. This could include income from the sale of custom gears, pricing based on gear complexity and quantity, rush order charges, and fees for additional services such as gear maintenance, repair, and upgrading. Exploring subscription models or maintenance contracts could provide additional recurring revenue opportunities.

6. Key Activities

The key activities of a custom gear-making service revolve around design, prototyping, manufacturing, and quality control. The company needs to invest in cutting-edge design software and manufacturing equipment to ensure precision and efficiency. Collaborations with material suppliers and investment in skilled personnel would be critical to delivering high-quality gears.

7. Key Resources

The key resources required for a custom gear-making service include a skilled workforce with expertise in gear design and manufacturing, advanced machinery, and a comprehensive inventory of gear materials. Developing strong supplier relationships is crucial for sourcing quality materials at competitive prices. Intellectual property, such as unique gear designs or manufacturing techniques, can also be a valuable resource.

8. Key Partnerships

Collaborations and partnerships can enhance the capabilities and reach of a custom gear-making service. This may include working closely with equipment manufacturers to integrate custom gears into their machinery, establishing strategic alliances with complementary businesses in the supply chain, or partnering with research institutions to stay ahead of industry advancements.

9. Cost Structure

The cost structure of a custom gear-making service would consist of several components. These may include expenses related to personnel salaries, machinery maintenance and upgrades, raw material procurement, marketing and advertising efforts, and overhead costs such as utilities and rent. Striking a balance between cost efficiency and delivering high-quality gears would be crucial for sustainable profitability.

The Business Model Canvas provides a holistic framework for analyzing the key aspects of a custom gear-making service.

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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 6: Game 8-10 Activities

This week, our instructor told us to keep working on the tasks for Games 8–10 as a team. He also advised us to complete tasks that are outside of our comfort zones in order to sharpen our critical thinking abilities, unleash personal growth, acquire new skills, push limits, build confidence, find new opportunities, and become more resilient. By doing so, my teammates and I went to a place where it is very relaxing and calm, wherein we shared our thoughts and opinions on the tasks given.

Game 8 is all about the Flip It game- is at its best when members see challenges as opportunities for the agreed traction and make doable suggestions around solving problems rather than reusing it without improvement. This activity game highlights a crucial aspect of effective teamwork and problem-solving. Viewing challenges as opportunities for growth and improvement is a positive mindset that can lead to innovative solutions. By approaching problems with a proactive attitude, team members can identify areas for improvement and propose practical suggestions to overcome obstacles.

Meanwhile, game 9 is all about the opening game that is designed to reveal information that plays a role in attitudes and behaviors that otherwise hidden.The idea that the opening game is designed to reveal information that plays a role in uncovering hidden attitudes and behaviors is intriguing. Games and interactive activities can be valuable tools for researchers to explore various aspects of human behavior and attitudes. By creating a structured game or activity at the beginning of a research study, researchers can observe how participants engage with the task and gather data on their responses. These responses can provide insights into underlying attitudes, beliefs, and behavioral tendencies that might not be easily observable through traditional survey methods or direct questioning.

Lastly is the game 10, Graphic jam supports the logo development of the team and the means of visualizing concepts or the project design for consequent copyrighting or intellectual resource protection. The game "Graphic Jam" sounds like an interesting and potentially valuable tool for logo development and visualizing concepts within a team. It appears to serve as a collaborative platform for creating and refining visual elements, which can be beneficial in various contexts, including logo design and project design. Additionally, the mention of copyrighting and intellectual resource protection suggests that the game may provide a means to document and preserve the design process. This can be crucial when it comes to establishing ownership and protecting intellectual property rights. The game could potentially serve as a record of the visual development journey, which can be useful for copyright registration or as evidence in case of any disputes.

Overall, Graphic Jam appears to offer a collaborative and visual platform for logo development and concept visualization within a team. By facilitating creative collaboration and potentially assisting with documenting the design process, it can be a valuable tool in fostering innovation and protecting intellectual resources.

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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 5: Campus Intramurals Week

The university supports this concurrent celebration of a Wellness Week from May 22 through May 26, 2023, in connection to the University Student Government-USTP CDO's approved request to hold a Campus Intramurals. Students and professors are expected to put off their academic duties for the length of the wellness week. This indicates a temporary suspension of (synchronous/asynchronous/F2f) behavior.

Campus Intramurals week is an exciting time for students and an integral part of many educational institutions. It typically involves a series of athletic competitions and recreational activities held within the school or college community. It promotes team spirit- intramurals week fosters a sense of unity and camaraderie among students. It brings together individuals from various backgrounds and interests to compete and collaborate as a team. This team spirit can have a positive impact on the overall school environment and contribute to a sense of belonging. Provides a break from academics- it serves as a refreshing break from the usual academic routine. It allows students to take a break from their studies, relax, and engage in recreational activities. This break can help reduce stress and improve overall well-being, contributing to a more balanced and holistic educational experience. Lastly, celebrates diversity and inclusivity- intramurals week often features a wide range of sports and activities to accommodate different interests and abilities. This inclusivity encourages participation from students with varying skill levels and backgrounds. It promotes diversity and fosters an inclusive environment where everyone can feel welcome and valued.

Overall, Campus Intramurals week is a highly anticipated event that offers numerous benefits for students. It combines physical activity, teamwork, and friendly competition to create an enjoyable and enriching experience within the school community.

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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 4: Presentation of 3rd Major Presentation

This week marked the significant completion of our third major presentation of what we had prepared last week for this course matter. Our instructor, Engineer Jael, instructed us, his students, to finalize our presentation to any platform we like- PowerPoint, Canva or any others. My team mates and I were brainstorming and gathered some information that would correlate with our topic: custom gear-making services.

Our team is the last one to present since we are team 9. During the presentation, Sir Jael asked us random questions that would relate to our topic. The presentation of our team includes the following:

Market Size Identification and Sizing: Ensure that you have thoroughly researched and identified the potential market for custom-gear making services. Include data, statistics, and market trends that support the viability and growth potential of this market. It's important to demonstrate that there is a substantial customer demand for your services.

Customer Discovery: Share the insights and findings from your customer discovery process. Highlight the specific customer needs and pain points that your custom-gear making services address. Provide examples of customer feedback or testimonials that showcase the value and benefits your services offer.

Traction Channels: Explain the Bullseye Framework and how you have used it to identify your first five important traction channels. Each channel should be described in detail, including the reasons for selecting them and the strategies you plan to implement. It's essential to align these traction channels with your target market and customer personas.

Custom-Gear Making Services: Clearly communicate what sets your custom-gear making services apart from competitors. Highlight the unique value proposition, such as high-quality craftsmanship, customization options, quick turnaround time, or competitive pricing. Use visuals or samples to illustrate the quality of your work and showcase successful projects you have completed.

Overall, after the presentation of our team, Sir Jael complimented our presentation for the job well done and, of course, the efforts of my team as well.

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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 3: Preparation of 3rd Major Presentation

During this week our instructor, Engineer Jael gave us an asynchronous activity since this week is the College of Engineering and Architecture days. The activity he gave is all about the preparation of our third major presentation of this subject matter. It includes our team's market size Identification and sizing and customer discovery also our selected first 5 important traction channel using the bullseye framework. 

Out team's product is all about the custom gear-making services which aim to provides customers with customized gear - making machine design and manufacturing, high precision gear production, for machine installation and training, and ongoing maintenance and support. The target market of this product/service is manufacturing companies, and individuals, that produce high-precision gears for industrial applications. In terms of customer discovery, the insights of our team is in general is that finding the right and precise gear is a primary problem in machineries, such as in the field of maintenance and repair. The team discovered how this affects a large number of individuals, which have encouraged the further development of the technology.

For market identification and sizing

In our Bullseye Framework, our team selected top 3 important traction channel. These were speaking engagement- by consistently producing high-quality content that addresses the pain points and challenges of potential customers, gear making services can establish themselves as industry experts and thought leaders. This helps build trust, credibility, and brand awareness among the target audience. Moreover, valuable content is likely to be shared, increasing the reach and visibility of the gear making services. Second is the content marketing- by delivering informative and engaging presentations, gear making service providers can position themselves as authorities in the field of gear manufacturing. Speaking engagements provide opportunities to educate the audience about the latest advancements, best practices, and innovations in gear production. They also enable networking with key individuals and potentially attracting new clients or partnerships. And the third one is the engineering as marketing- by offering valuable engineering tools for free or as a lead generation strategy, gear making services can demonstrate their expertise and capabilities. These tools not only provide practical value to the target audience but also serve as a means of brand exposure. Users who find these resources helpful are more likely to engage further with the gear making services, such as requesting quotes or consulting for their specific gear needs.

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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 2: Consultation of Midterm's Output Presentation

This week, our instructor tasked us with individually consulting as a team. Our team is the last to consult with our adviser since we are team 9. During our team consultation, Sir Marberth advised us to be more specific with our customized gear-making services. It was pointed out that we needed to step up our efforts if we wanted to obtain sufficient output and also conduct more interviews on this topic, and the interviewees should be related to the said field.

Hence, our company aimed to provide customers with customized gear-making machine design and manufacturing, high precision gear production, for machine installation and training, and ongoing maintenance and support. The primary issue that custom gear-making services address is the need for specialized gears that cannot be found in standard gear catalogs. So, our services can provide gears that are set to the specific needs of the customers, such as unique dimensions, materials or performance requirements.

Meanwhile, during the consultation period, our team also presented that in terms of marketing and sales, we've developed a comprehensive marketing strategy that includes targeted online advertising, search engine optimization, and social media marketing. We've also established partnerships with key industry players to expand our reach and increase our visibility in the market.

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ES302: Technopreneurship (Weekly Blog)

FINAL TERM Week 1: Presentation of the Midterm's Output Progress

The innovation of Team 9 is all about Custom Gear-Making services and this team is named "Team Genk". It is a team composed of open-minded young individuals with high determination and will, who use their resourcefulness to improvise and embrace modernity.

During this week, our team presented the progress of our chosen innovative product/service to our instructor. Firstly, we've identified the key customer needs in this market, including the need for high-quality gears that are precise, durable, and customized to meet specific requirements. We've also analyzed the competitive landscape and identified opportunities to differentiate our services through a focus on advanced technology, quick turnaround times, and exceptional customer service.In terms of our progress on developing new technologies, we've made significant strides in the design and development of a new gear manufacturing process that utilizes advanced 3D printing and CAD/CAM software. This process allows for the production of highly precise gears that can be customized to meet specific customer requirements, while also reducing lead times and production costs.

Overall, we're making great progress on our innovation of custom gear making services, and we're confident that our investments in new technology, equipment, and marketing will help us to stand out in the market and provide exceptional value to our customers. Thank you for your attention, and we'll keep you updated on our progress.

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ES302: Technopreneurship (Weekly Blog)

Week 8: Midterm Exam Presentation

During this week, our professor instructed us to present our innovation, or the so-called business thesis proposal, which is done by a team. Our team is the second presenter, and our innovation is all about custom gear-making services with the tagline "You Design, We Make". We named our team "Genk," a team composed of open-minded young individuals with high determination and will who use their resourcefulness to improvise and embrace modernity.

The presentation is done online, via Zoom. Our instructor invited one panelist, Ma'am Miriam Bergado, and after the presentations of each team, she asked a variety of questions and gave some suggestions on how to improve our innovation for the upcoming final term presentation. Every team in our block 3D showed creative thinking skills and cooperation during the presentation of their every innovation.

The rules of the midterm presentation were that in every team, only 1 or 2 members would do the presentation for the duration of five minutes at the most. An additional 10 minutes (maximum) will be allotted for the questions and answers portion from an invited faculty member or panel. During this time, take turns answering the questions, especially those of the remaining members who were not present, as this will show your cohesion and unity as a team.

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ES302: Technopreneurship (Weekly Blog)

Week 7: Game 6 and 7

Our subject-matter instructor did not personally meet with us during the week; instead, he assigned us a team job that was relatable to the one he had previously given.

Game 6

It is all about playing a series of games to strengthen teamwork and camaraderie in line with our responsibilities this week (Market Sizing and Identification). This game's methods are meant to help us analyze and speculate about our TAM, SAM, and SOM as a team. This will also be a chance for us to advance our plan while continuing to support our hypotheses.

Using games as a way to strengthen teamwork and camaraderie is a great idea, especially when the games are related to the work that you're doing. It can be a fun and engaging way to encourage collaboration and build relationships among team members.In the context of analyzing and speculating about TAM, SAM, and SOM, a game can be a helpful tool to facilitate the process. By working together on a game, team members can practice problem-solving and critical thinking skills while also gaining a better understanding of the concepts they are trying to apply.One potential benefit of using games in this way is that they can help to break down any barriers that may exist between team members. By working together on a common goal, individuals can learn to trust and rely on each other, which can ultimately lead to better performance and outcomes.

Overall, incorporating games into your team-building and work processes can be an effective way to increase engagement, build relationships, and improve performance. Our team choose service/product that is relevant and appropriate for our specific needs and goals.

Game 7

This game, which emphasizes on brainstorming, uses the same principles that were first introduced in Game 1. This 3-2-1 brainstorming, however, is focused on developing a competitive advantage by responding to 3 important questions: What your customer needs and cares about? What do you excel at? What does your opposition excel at? Answering these questions is the task for each team, and doing so will help them generate ideas for potential competitive advantages. The most significant advantage that they are thinking of is forced ranked using the forced ranking that was previously introduced. With forced ranking, each item is ranked in relation to the others, forcing the group to make difficult judgments.

The 3-12-3 brainstorming approach can be a valuable tool for generating ideas and identifying opportunities to create a competitive advantage. By focusing on three key questions related to customer needs, your strengths, and your competition's strengths, team members can develop a more comprehensive understanding of the market and identify areas where they can differentiate themselves.

However, it's important to note that brainstorming is just one step in the innovation process. Once ideas have been generated, it's important to evaluate and refine them to ensure that they are feasible and viable. It's also important to test and validate these ideas with customers to ensure that they meet their needs and provide value.

Overall, the 3-12-3 brainstorming approach can be an effective way to encourage idea generation and identify opportunities for competitive advantage. By leveraging the strengths of the team and focusing on customer needs and competition, teams can develop innovative solutions that differentiate them in the market.

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ES302: Technopreneurship (Weekly Blog)

Week 6- Business Thesis

A business thesis is a document that outlines your business idea, the market opportunity, and the strategies you will use to achieve your goals. It's a crucial step in securing funding, attracting investors, and convincing potential customers to buy your product or service.

Group Activity

All teams had to present their business thesis to our lecturer during a recent class assignment. Our team selected the topic about Custom Gear-Making Services which aimed to produce high-precision gears for industrial applications efficiently at a lower cost than competitors.

Custom gear-making services offer a unique value proposition for businesses in various industries, allowing them to optimize their production processes and improve their overall operational efficiency.

Custom gear-making services are a crucial aspect of many industries, including manufacturing, aerospace, automotive, and robotics. Gears are essential components of machines and play a critical role in transmitting power and motion between different components. As such, having high-quality, precise, and reliable gears is crucial for ensuring the efficiency, reliability, and safety of machinery. In this essay blog, we will explore the importance of custom gear-making services for businesses and how they can help to optimize production processes and improve operational efficiency.

Custom gear-making services can help businesses to reduce costs and improve their bottom line. By outsourcing gear manufacturing to specialized service providers, businesses can avoid the costs associated with purchasing and maintaining specialized equipment, hiring skilled personnel, and managing the production process. This can lead to significant cost savings, allowing businesses to allocate resources to other areas of their operations. As these services specialize in gear manufacturing, they have the expertise and resources to produce gears quickly and efficiently. This can help businesses to meet tight deadlines and respond quickly to changes in demand or customer requirements. Gears are critical components of machinery, and any defects or errors in their manufacture can lead to equipment failure or downtime. By using specialized gear-making services, businesses can ensure that their gears are of high quality and reliable, reducing the risk of equipment failure and downtime.

In conclusion, custom gear-making services offer a unique value proposition for businesses in various industries. By outsourcing gear manufacturing to specialized service providers, businesses can achieve greater precision and accuracy, reduce costs, improve their time-to-market, and enhance the performance and reliability of their machinery. As such, custom gear-making services are an essential component of modern industrial processes, and businesses that utilize these services are likely to experience significant benefits in terms of operational efficiency, productivity, and profitability.

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ES302: Technopreneurship (Weekly Blog)

Week 5- Interviewing Potential Users & Performing Game 5

During this week our instructor is on leave, so basically he has not met us physically or even virtually. However, he gave us a task to go on and interview our potential users or customers about the idea presented last meeting. We must use our time talking to our users and take note of how to talk to them properly.

When talking to users or conducting an interview, it's important to approach the conversation with empathy, respect, and an open mind. Here are some tips on how to effectively communicate with your interviewee:

Begin with an introduction: Introduce yourself, explain the purpose of the interview, and provide some background information about yourself and your organization.

Be friendly and approachable: Make your interviewee feel comfortable by being friendly and approachable. Smile, maintain eye contact, and use a warm tone of voice.

Ask open-ended questions: Ask open-ended questions that encourage your interviewee to share their thoughts and feelings. Avoid asking leading questions that might influence their responses.

Listen actively: Listen carefully to what your interviewee is saying. Pay attention to their body language and nonverbal cues, as well as their words.

Clarify and follow up: If you don't understand something your interviewee has said, ask for clarification. Follow up on their responses by asking additional questions or asking them to elaborate.

Be respectful: Treat your interviewee with respect and avoid judgmental or confrontational language.

Take notes: Take notes during the interview so you can refer back to them later. This will also show your interviewee that you value their input.

Thank them for their time: At the end of the interview, thank your interviewee for their time and insights. Let them know how their input will be used and how they can follow up with you if necessary.

Overall, the key to a successful interview is to be prepared, empathetic, and respectful. By following these tips, you can create a positive and productive conversation that will yield valuable insights for your project.

He also created a new game for us as an extra task and a way for us to interact with our groupmate, and we also carried on from the prior games. The "Business Thesis Template" that we must present at our next meeting is the culmination of the information we have gathered from both our team and our users.

With all the tasks he gave during this week, our team collaborates and helps each other to present and make the said activity as we are brainstorming in our group. I didn’t have a problem communicating with my groupmates since we both had to do our parts. As I’ve noticed in our group, I can say that we successfully achieved what our instructor wanted us to achieve as a team.

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ES302: Technopreneurship (Weekly Blog)

Week 4- Value Proposition Canvas

The Value Proposition Canvas was initially created by Dr. Alexander Osterwalder as a framework to make sure that the product and market are compatible. Customer segments and value propositions are two components of Osterwalder's larger Business Model Canvas that are modeled in great depth using this tool. The Value Proposition Canvas is a technique used in corporate marketing and product production to comprehend and analyze client needs and desires and show how a company's goods or services can satisfy those needs more effectively than rivals.

It features a Customer Profile with the Gains, Pains, and Customer Tasks listed in it. The Gains outline the outcomes or particular benefits clients hope to obtain. Customer Jobs describe what the customers are aiming to achieve in their personal and professional lives in their own words. Last but not least, the pains are the undesirable outcomes, risks, and difficulties related to customer jobs. The Value Map of the offered good or service is located on the opposite side of the Value Proposition Canvas. The Gain Creators, Pain Relievers, and Goods and Services are all included in this. Gain Creators describe the advantages that clients receive from your products and services. The Pain Relievers provide information on how your products and services lessen customer suffering.

Businesses can learn more about their consumers' requirements and how to better serve them by using the Value Proposition Canvas. Any company trying to develop goods or services that surpass their rivals' in terms of how well they satisfy customer needs should consider using the Value Proposition Canvas.

Weekly Group Activity

We made the decision to tie our topic to the mechanical engineering field of study for this teamwork. We thought up the concept for custom gear-making services. This specialized gear-making machine's design, manufacture, installation, training, ongoing maintenance, and support. High-precision gear production. The members took into consideration their prior experiences as both clients and service providers. Speaking about the services they want to use to meet their needs, each person talks about their thoughts as the market themselves. As a service provider, however, they can also use this technology to meet the demands of their clients.

Insights

Using this value proposition canvas, the engineering firm can identify the specific needs and pain points of their target customers and develop customized solutions that address these issues. It can emphasize the unique benefits and value the gear-making machine provides, such as increased production efficiency and reduced costs, high gear precision, ability to produce complex gears and customized production options to differentiate themselves from competitors and create a compelling value proposition for the customers. The group activity encourages our interaction with one another so that we can establish a bond. I desire we could release this program at some point. Our team thinks that if we ever release this application, it might improve pupils' educational attainment.

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ES302: Technopreneurship (Weekly Blog)

Week 3 - Effective Communication and Storytelling

Managing relationships with your team, customers, and stakeholders requires effective communication. Relationships can be ruined by poor communication, which may also lead to lost sales and a damaged reputation. Learn how to communicate more effectively with your personnel, suppliers and clients.

Stories are a fundamental component of human communication and have been told by people for all of recorded history. Yet, stories are more than just amusing diversion. Storytelling is a powerful business talent that, when used successfully, can help a company in a variety of ways, including boosting client loyalty, developing a solid marketing plan, boosting revenue, and more. Storytelling communicates purpose, and companies with purpose are noticed and gain customer loyalty. Hence, it's not enough to have a good product or service that addresses a need; your business also needs to be distinctive.

Thus, for entrepreneurs to be successful in developing a strong brand, luring investors, engaging customers, and fostering a great culture, excellent communication and storytelling are essential. By mastering these techniques, business owners can weave a captivating tale around their enterprise and motivate others to follow in their footsteps.

Flexible Online Learning

With the reference to the Memorandum from the Office of the Chairperson of the Commission on Higher Education (CHED) dated March 03, 2023 appropriate Flexible Learning and Flexible Work Arrangement is hereby implemented during the impending nationwide transport strike from March 6 to 10 2023.

Every Friday of the week from 1-4 pm is our class schedule for this subject matter. This week, the class is being done online using Zoom. Our instructor, Engr. Marberth Custer Jael asked an update for every team about the Weekly Game 3. There was one participant from each team in each group. The timeframe of the class was just approximately to two hours before it was finished.

We discussed the weekly games and, more crucially, the group's cohesiveness as a whole. Because we take turns listening to each other's ideas, I can personally claim that I get along pretty well with my group members. With this, I am convinced of the significance of group chemistry—not just in school activities, but also in real-world events. For a number of reasons, group chemistry is crucial in entrepreneurship. First of all, it fosters the development of the values of mutual respect, trust, and understanding, all of which are necessary for productive teamwork and decision-making. Second, it encourages direct and honest communication, which can aid in identifying future problems and taking proactive measures to resolve them. Thirdly, it fosters a culture that is upbeat and encouraging, which can boost motivation and lessen stress and burnout.

Ultimately, developing a strong and effective entrepreneurial team that can successfully traverse the challenging and unpredictable entrepreneurial path requires good group chemistry.

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ES302: Technopreneurship (Weekly Blog)

Week 2- Opportunity Recognition and Team Formation

Identifying opportunities and building a team are two essential steps in beginning a new business or initiative. Both are essential for success, but they call for various approaches and skill sets. This article will discuss opportunity recognition, how to spot opportunities, and how to put together a winning team to take advantage of those opportunities.

Opportunity Recognition

Opportunity recognition is a process used by business owners and entrepreneurs to find potential ways to develop existing concepts or launch new operations. It offers business owners the chance to continuously come up with new and improved concepts. Seeing opportunities also enhances the offered goods and services through ongoing process improvement. Entrepreneurs with strong opportunity recognition abilities can develop new goods that meet the needs of the current market. It is a crucial entrepreneurial ability since it enables someone to locate a market niche, address an issue, and make money doing it. Due to their success and continued relevance in the economy, entrepreneurs with strong opportunity recognition abilities are in high demand.

Finding a market issue or unmet need is the first step in opportunity recognition. Look for market gaps that can be addressed or issues that a new product or service can address. Think about alterations to consumer behavior, industry legislation, or technological advances that may open up new business prospects. When you've found a prospective opportunity, do some investigation to confirm your suspicions. This may entail studying market statistics, speaking with prospective clients or business partners, and evaluating rivals. Finding a market for your idea and identifying any potential obstacles to entry are the objectives.

Team Formation

The process by which entrepreneurs put together a team to launch a new business has significant effects on both the effectiveness of the team and the success of the enterprise. Even while the body of knowledge regarding the development of entrepreneurial teams is steadily expanding, it is currently at a crossroads and is highly fragmented. After seeing a chance, the following step is to put up a team that can assist you realize your concept. Finding team members with the appropriate knowledge and expertise is not enough to create a productive group. It necessitates having a thorough grasp of team dynamics and the capacity to unite people from various perspectives and backgrounds.

Start by determining the critical positions that must be filled in order to carry out your business plan. They can include, among others, technical, marketing, operational, and financial duties. Seek for people that share your vision and beliefs and who have a variety of talents and experiences to contribute. Establishing distinct roles and duties, communication channels, and decision-making procedures is crucial when creating a team. Establish a culture that values accountability, transparency, and collaboration. Continually evaluate team dynamics and make adjustments as needed to make sure everyone is cooperating well.

To assist them in better understanding in this topic, the students were assigned a task. The week 2 activities are completed by various teams of up to four people, with the goal of the various tasks being to strengthen the link with the new group members and to gain and develop more trust and confidence.

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Week 1 - Self Assessment

Characteristics and personal qualities are important determinants of success in entrepreneurship. Perseverance, resilience, creativity, risk-taking, intuition, passion, self-motivation, flexibility, leadership, and open-mindedness are among the personality traits and qualities of a successful entrepreneur. Entrepreneurs that possess these qualities are able to overcome obstacles, take measured risks, and innovate in ways that help them dominate their industries.

Our individual personalities and qualities will be determined by two personality tests, such as the MBTI and Berkeley Innovation Index (BII) exams. These qualities and attributes can help entrepreneurs succeed in their businesses because they enable them to overcome challenges, take calculated risks, and innovate in ways that set them apart and make them successful in their respective fields.

My BII Test result reveals that of all the components and belief had the highest percentage. This means that, in order to influence others and find motivation to overcome obstacles, one must have belief in one's own ideas and abilities.

On the other hand, my MBTI test result exhibits that my personality type is Consul (ESFJ-T). A person who possesses the qualities Extraverted, Observant, Feeling, and Making judgements is known as a Consul (ESFJ). Entrepreneurs like participating in their social community and are perceptive, people-focused, and attentive. Decisive ideals serve as the foundation for their actions, and they are willing to mentor others.

Encourage, lift, and strengthen one another. For the positive energy spread to one will be felt by us all.

Life is sweetest for consuls when it is shared with others. Many communities are built on the backs of people of this personality type who welcome friends, family, and neighbors into their homes and hearts.

This does not imply that Consuls are saints or that they are tolerant of all people. It is true that consuls do not believe in the power of hospitality, but they do believe in the power of hospitality. Generous and trustworthy, persons with this personality type frequently take it upon themselves to hold their families and communities together in both big and small ways.

As kind and as practical and few personality types as Consuls. Consuls are adept at establishing and upholding a safe, stable, and friendly atmosphere for themselves and their loved ones. They are also known for their social and managerial abilities. The commitment of consuls is vital in many areas, including their own development. Consuls can, however, easily make mistakes in situations where their good nature and pragmatic outlook serve as liabilities rather than assets. Consuls need to make a conscious effort to improve their weaker attributes and additional talents, whether it be in the areas of finding (or retaining) a partner, learning to unwind or improvise, climbing to breathtaking heights on the career ladder, or managing their workload.

17 Sustainable Development Goals

In 2015, the United Nations adopted the 17 SDGs as a part of the 2030 Agenda for Sustainable Development. Through fostering sustainable development and eliminating poverty, inequality, and environmental degradation, the objectives seek to solve the world's most pressing economic, social, and environmental concerns. Among the many topics covered by the goals are eradicating poverty and hunger, fostering health and wellbeing, guaranteeing quality education, attaining gender equality, advancing sustainable energy, and halting climate change.

Governments, corporations, and civil society organizations can collaborate on the 17 SDGs to realize a shared vision of a sustainable future. Even if some of the objectives have been made progress toward, there is still much to be done to fulfill the 2030 targets. To move toward a more sustainable future, it will take a coordinated effort from all facets of society, including governments, corporations, and individuals.

The students were given a task to help them comprehend this topic better. Students had to form groups of up to 8 members, choose one of the 17 goals, and then develop a storyboard for their selected topic.

The students proposed a prototype model, which they then presented in front of the class, utilizing their brilliant ideas and ingenuity. They created an autonomous vehicle or underwater robot that can be utilized for ocean research and exploration. The device's sophisticated sensors and imaging equipment can gather information on ocean heat content, current, and marine life, assisting researchers in better comprehending how anthropogenic impacts including environmental issues affect ecosystems.