Words: 632
Mr.. Mallard has three sons; all are belonging to top ten in their respective classes. He thinks all the three have potential to help him realize his dream of establishing his own assembly plant. His immediate concern now is to identify the right college courses for his children. II. STATEMENT OF THE PROBLEM 1. What college courses will best suit Mr.. Mallard’s sons? 2. Will Mr.. Mallard’s sons accept their father’s idea? 3. How will Mr.. Mallard established his own assembly plan? Ill. CAUSES OF THE PROBLEM From the problems, we suggest that Mr.. Malarial should take into consideration the costs of his plans.
Mr.. Andy Mallard should first consult his sons for their willingness to participate in their father’s dream of having a plant and business. Lb. DECISION CRITERIA AND ALTERNATIVE SOLUTIONS Mr.. Mallard should consider doing a feasibility study in putting up the assembly plant. Mr.. Andy Mallard should inform his sons about his dream of having a plant and business. If they agree, he should pick the best course that would fit the personality and interest of his sons so that at some point, they will learn o love it and it will also give them the best opportunity for employment. V.
RECOMMENDED SOLUTIONS, IMPLEMENTATION AND JUSTIFICATION The following recommendations are being considered by the group: a. Mr.. Andy Mallard should suggest the following courses: Industrial Engineering or Civil Engineering for his sons. He should start now by enrolling his eldest children in review school that caters to college entrance test to ensure that he will be accepted in the top ten universities of the country. B. He should consult his friend about the intricacies of putting up an assembly plant. He should tap a consultant to do a feasibility study regarding his plan of putting up an assembly plant.
The feasibility study is an evaluation and analysis of the potential of a proposed project which is based on extensive investigation and research to support the process of decision making. (Wisped) VI. EXTERNAL SOURCING Courses. Com. PH According to Courses. Com. PH article posted May 25, 2012, How to choose the right COUrse in College? The following are things to consider 1 . Strengths and talents 2. Your willingness and interest to learn 3. Your goals Philippine Star Campus” Unofficial Top Ten University of the Philippines published last May 26, 2014 1.
University of the Philippines-Dilemma 2. De La Sale University 3. University of Santos Atoms 4. Atone De Manila University 5. University of the Philippines Los Basso 6. University of San Carols 7. Central Luzon State University 8. Mindanao State University- Align Institute of Technology 9. Saint Louis University 10. Map Institute of Technology Top Business Ideas 5 Reasons Why You Must Conduct Feasibility Study Before Starting a business 1. A feasibility study will help you to determine the profitability of the business endure.
Before starting a business, seasoned entrepreneurs and investors would want to know if the business would be worth their time, effort and resources. It is worthwhile to know that many entrepreneurs have abandoned solid business ideas because the profitability could not be ascertained on conducting a feasibility study on the business idea. 2. A feasibility study will help prove to the entrepreneur, venture capitalists, lenders and investors the existence of the market, the liquidity of the business venture and the expected return on investment. . A feasibility study will help you identify the flaws, business challenges, strengths, weaknesses, opportunities, threats and unforeseen circumstances that might affect the success and sustainability of the business venture. Just like the case of my dad’s business, the business failure and loss of money would have been avoided if we had carried out a feasibility study. We simply jumped in based on someone’s recommendations because we were flushed with cash and we paid dearly for it. 4.