6
FINAL REPORT PRESENTATION
FAST & CO (Group 2)
COMPANY DESCRIPTION
Produce a surprise box with the
brand
BRAND
BRAND AND LOGO
PRODUCT
PRODUCT
is a gift box decorated creatively with chocolate as the centre piece and unique designs on the sides.
When open, all the sides fall back to reveal a large two layered card filled with;
flaps
small message postcard
pull-out message tags
photo spaces
ORGANIZATIONAL STRUCTURE
CEO
Name: Nurul Fazlin Hasnul Hafiz
Education: Bachelor of Science in Industrial Chemistry with Honours
SECRETARY
Name: Wardah Qurratu Ain
Education: Bachelor of Science in Industrial Chemistry with Honours
ACCOUNTANT
Name: Sharifah Nor Shahirah
Education: Bachelor of Science in Industrial Chemistry with Honours
OPERATION MANAGER
Name: Nur Safiah Yusof
Education: Bachelor of Science in Industrial Chemistry with Honours
FINANCIAL MANAGER
Name: Hanin Syuhada
Education: Bachelor of Science in Industrial Chemistry with Honours
HUMAN RESOURCE DIRECTOR
Name: Nur Dini Harun
Education: Bachelor of Science in Industrial Chemistry with Honours
OPERATION DIRECTOR
Name: Siti Khatijah Omar
Education: Bachelor of Science in Industrial Chemistry with Honours
HUMAN RESOURCE DIRECTOR
Name:Nur Sofina Amiraa
Education: Bachelor of Science in Industrial Chemistry with Honours
ANALYST
Name: Nurfara Khaliesa
Education: Bachelor of Science in Industrial Chemistry with Honours
SALES MANAGER
Name:Syaza 'Izzaty Hayazi
Education: Bachelor of Science in Industrial Chemistry with Honours
MARKETING MANAGER
Name: Nurien Afiqah
Education: Bachelor of Science in Industrial Chemistry with Honours
OPERATION PLAN
FEATURES
FEATURES
PRODUCT
Our Product
Lots of Love (LoL)
RM18.00
Great Gatsby (GG)
RM20.00
Cotton Candy (CC)
RM18.00
Some of the products delivered to our customers
CARNIVAL DAY
CARNIVAL DAY
- 29th November 2018 at 12pm – 4pm, we had run our business in front of Panggung Percubaan, UPM
- Divided task among team members into three slots
- Received 11 pre-orders of product with different kind of themes.
Team members are taking order from customer
REFLECTION
Some of the defects in the production of our product
MARKETING PLAN
CUSTOMER ANALYSIS
CUSTOMER ANALYSIS
SWOT ANALYSIS
PRICE
PRICE
Lots of Love (LoL)
RM18.00
Great Gatsby (GG)
RM20.00
Cotton Candy (CC)
RM18.00
VALUE PROPOSITION
What make our surprise gift different from others?
PRODUCT
- 100% handmade
- Very affordable price especially to UPM students
- Comes with three themes
- Contains a lot of creative elements which will excite the customer
- Contains gift such as chocolates / customer’s add on
- Raw materials are high in quality
THE UNIQUENESS
PLACE (DISTRIBUTION)
Around UPM Serdang
PLACE
PROMOTION
- Advertising in mass media.
- Social networkings such as Facebook, Instagram and Twitter.
- Taking part in various online selling such as Whatsapp and Telegram.
- Provide additional service.
- Free 4 customable wish cards per box.
The Poster
Poster
Social Network
Social Networks
CUSTOMER FEEDBACK
Feedback
REFLECTION
MISTAKES AND SOLUTIONS
IMPLEMENTATION TO REAL BUSINESS
Purpose of performance management
• To promote and improve employee effectiveness.
• A continuous process where managers and employees work together to plan and monitor.
• Review an employee's work objectives or goals and his or her overall contribution to the organization.
Steps Involved in Process of Performance Appraisal
1. Establish Performance Standards:
The managers determined outputs by set 30 surprise boxes sold in 4 weeks, accomplishments and skills evaluated.
2. Communicate Performance Expectations to Employees:
The feedback from the employees on the standards communicated to them obtained.
3. Measure Actual Performance:
The actual performance of the employee is measured on the basis of information available from various sources such as personal observation, business plan report, and final report.
Steps Involved in Process of Performance Appraisal
4. Compare Actual Performance with Standards:
The total surprise boxes sold are 32, which is exceed than expected.
5. Discuss the Appraisal with the Employee:
The total boxes sold are quite good since the price affordable.
6. Initiate Corrective Action:
The improvement that we have to do is the quality of the box itself as it is fully handmade.
Mistakes and solutions to problems
- The members did not know their role in product production
-Human Resources prepared the duty roster and divided into three group based on their residents.
- The quality of product not same since it fully handmade
-Human Resources trained the members on how to make sure all products have same quality.
- Lack of time management
-Human Resources placed the deadline for products, so that products ready a day before delivery made.
- Lack of discipline
-Human Resources use the Progressive Discipline
FINANCIAL PLAN
Estimated Expenses
Funding: RM20 from each member contributing to RM220 in total
FUNDING OBTAINED
FUNDING OBTAINED
Total Partners Contribution
RM110.00
RM10 x 11 partners
Total Customers' Deposit
RM288.00
RM9 x 32 customers
TOTAL EXPENSES
ADDITIONAL EXPENSES
Total Expenses; RM305.83(estimated expenses) + RM47.37 (additional expenses) = RM353.20
CASH FLOW
INCOME STATEMENT
BALANCE SHEET
LESSONS LEARNED FROM THIS PROJECT
- to start up a business, a lot of patience and determination are needed
- every members have to be responsible towards their given position in the 'company' to make the business more efficient
- entrepreneurship also teaches us on how to deal with people
- doing business allows us to create mistake but we need to find a solution to solve it
- we also learned to manage our time better