Beruflich Dokumente
Kultur Dokumente
In partial fulfillment
of the course requirements in
MARKRTL – K32
Second Term, A.Y. 2017-2018
Submitted to:
Mrs. Julie Balarbar
Submitted by:
Santos, Floyd
Chua, Gwyneth
Villavicencio, Alec
Lim, Jeremiah
Inocencio, Joaquin
Trinidad, Abby
Submitted on:
June 5, 2018
II. REFERENCES 63
III. APPENDIX 65
I. COMPANY BACKGROUND
A. Company History
performing arts and a learning establishment that enhances the artistic skills of different
artists from dancing, singing, acting, playing musical instruments, and even hosting. It
unwavering passion for the arts. Several of the founders have joined several workshops
and talent enriching companies. After sharing their experiences, they have decided to
incorporate their own knowledges and familiarities to further develop the enrichment of
the talent scene and performing arts here in the Philippines. They have decided to put
up a talent school that would cater to a wider age range and would like to give several
opportunities for Filipino talents to be discovered and cultivated not only locally but also
abroad.
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The company aims to enrich Filipino talents in the field of performing arts. THM
provides outstanding education that produces world class talents with the help of
renowned talent experts in the Philippines who are professionally practicing their own
and artistic backgrounds. The company’s organizational chart is headed by its President
and Chief Executive Officer, Raven Leonardo wherein he oversees all operations of the
business. Agnes Garcia functions as the Vice President for Marketing and Advertising;
she conceptualizes and manages all marketing and advertising programs of THM. Under
her team is Leigh Armamento who is the Advertising and Promotions head; she is in-
charge with all the publicity and advertising materials of THM. Also under Agnes’ team is
Kat Belarmino who is the Product and Brand Manager; she’s in-charge with how the THM
is being perceived by the consumers and she also spearheads all marketing related
activities and initiatives of the company. Mark Luancing, the Vice President for Sales,
makes sure that all sales plan, quotas, data analyzation, sales training and sales
territories of the company are well managed. Under him is the Accounts Manager, Shell
Fulgar; Shell is responsible for managing THM’s accounts in achieving high sales targets
and also responsible for building relationships with new clients and leading team
productivity. Jannah Loy, the VP for Management and Services is in-charge with the
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overall welfare and experience of the students of THM. She also oversees the Human
Resources and the Accounting and Finance Department which are headed by Francis
Pontines and Alec Villavicencio respectively. Francis is in charge with the employee
administration, training and compensation & benefits. While Alec manages the
C. Company Culture
The company’s culture thrives on being artistically passionate, timely and relevant
and home of globally competitive talents. THM ensures you will be able to develop and
hone your chosen artistic skills by enrolling in the programs that the school is offering.
They believe in providing one of a kind curriculum that will further develop one’s talent
and make it ready for the competition in the real world. THM also believes in the power of
bridging people together through a classroom setting style of classes wherein students
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will be able to share and apply their learnings which can be a way for them to learn not
Mission
Talent House Manila aims to guide artists as they traverse the stage to a fulfilling
self-discovery. It also targets to provide the highest caliber of artistic education for
aspiring and gifted musicians, actors, singers, and dancers so they may achieve their
Vision
Talent House Manila seeks to expand the cultural arts community, cultivate a
caliber of artistry, and be able to inspire audiences with innovative and transformative
E. Products / Services
Talent House Manila is geared towards offering learning opportunities for people
who would like to hone their artistic potential and be able to be part of several
performances every after their workshop. Each of the talent courses will cater to different
age and skill group. First, there will be the Kids class which are available for children from
ages 7-12. Second class is the Teens class for passionate and artistic teenagers aged
13-17. Lastly, will be the Advanced intermediate class for talents who are 18 and above.
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Only the intermediate and advanced class will held auditions and application screenings
once they want to enter the said class, but will just have an interview after applying. The
production class will only accept students who are aged 15 and above.
1. Course Offerings
develop and use each one’s vocal ability and prowess. 24 sessions of
Soul)
hearts of each musicians and molding it for an intense passion for the
dedicated to providing the theater artists with the necessary tools, artistic
5
● DANCE - The Dance division offers different kinds lessons. It aims to
Ballroom)
production. Every production is not possible without the people behind it.
From different operations and technical aspects of a show which are the
lights, sounds, set design and a whole lot more. The production division
aims to teach the students on how to build a show and how to run one.
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Dance 24 sessions of dance Kids: Php 12,000.00
Php 15,000.00
Note: All sessions are held only 3 times a week with 3 hours per session.
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F. Target Market
THM’s primary target market are the Star Hopefuls ages 13-26. They are the
ones who who really has a passion for music and performing arts and are planning on
pursuing their talent as their own recreation of profession. Currently studying or working
in Metro Manila and belongs to the classes AB and upper C. They live in subdivisions in
cities like Makati, Manila, Marikina, Mandaluyong, Quezon City, Pasig and Taguig.
The primary target market are the ones who have already joined a talent class at
least once or are the ones eager to learn and be part of a performing arts class or who
wants to be part of productions. They are focused on learning and exploring their craft in
the world of performing arts. They are the once conscious of their image and are usually
active in social media platforms. These individuals excel both in their careers and
personal lives.
Based on user status, the Star Hopefuls are the ones who likes to explore on
different talent camps and different opportunities that will give them connections and
wider chances of having a career in the field of performing arts or who would like to
enjoy their passion while they still are not focusing on some things which are not arts
related. So these target market are not usually loyal to any brand because of trying to
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Secondary Target Market Profile: Stage Parents
THM’s secondary target market are the parents who would like to engage their
children in to something which is artistic. They are ages 35 - 45 and they have children
currently in either grade school, high school, or college. They are college graduates who
have stable jobs or have their own businesses whose families are also either class AB
The secondary target market enjoys to spend money on their children for the
sake of their fulfillment for their children to be able to experience and learn new things
other than what is thought in school. They try to keep with the latest trends, which
translates them to thinking what their children would want. They also like to post
updates of their social lives, either personal, work, or family, on social media.
Parents are potential buyers who would influence their children to avail the
product or will force their children to be in it or to have it. These people are brand loyal,
but since they are trendy they would likely try out a new product and would be loyal to it
For THM’s tertiary target market, they want to tap students who are still in the
elementary level ages 7-13. These are students who are studying at prestigious schools
like La Salle Green Hills, O.B. Montessori Green Hills, La Salle Santiago Zobel School,
Xavier School, Ateneo Grade School, Assumption College, St. Paul College Pasig,
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British School Manila, Brent International School, etc. They belong to income class AB
and upper C. Same with the Primary and Secondary Target Markets, they also reside in
Metro Manila.
In terms of user status, elementary students are not busy as usual compared to
other students. They are also on the stage of self-discovery who are trying to find their
identity and trying to discover and hone their skills by trying out. These individuals are
not loyal to any brand and will most likely change when there is an opportunity.
A. Sales
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While there is no available data regarding the sales of talent schools in the
Philippines, based on the 2015 Annual Survey of Philippine Business and Industry,
operation of concert and theatre halls and other arts facilities ranked fourth in the top
five leading industries with the highest compensation with a total average annual
compensation of P541,700.
The income generated by the arts, entertainment and recreation industry in 2015
amounted to P158.9 billion. 88.3% of which is coming from the gambling and betting
activities, earning P140.4 billion. Operation of concert and theatre halls earned a total of
B. Coverage
Makati City is located at the center of National Capital Region (NCR). It is known
to be the financial center or the financial capital of the Philippines because it has the
largest concentration on both multinational and local corporations in the country. Makati
is also known as a major cultural and entertainment hub in Manila. It is also known for
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National Capital Region is composed of 17 cities namely; City of Manila, the
Philippine capital city, Quezon City, the country's most populous city and former capital,
and the cities of Caloocan, Las Piñas, Makati, Malabon, Mandaluyong, Marikina,
Muntinlupa, Navotas, Parañaque, Pasay, Pasig, San Juan, Taguig, Valenzuela and
Pateros. Shown in the table above is the total population in the National Capital Region.
As of August 1, 2015, the total population in NCR totaled to 12,877,253. 1.02 million
higher compared to the 2010 population of 11.86 million. The annual population growth
rate is at 1.58%.
Having a total population of 582,602, Makati is the 17th largest city in the
Philippines and the 41st most densely populated city in the world with 27,010 persons
per square kilometer. The daytime population of Makati however, has been estimated at
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a minimum of 3.2 million to 4.2 million in 2010, which is 6-8 times its night-time
Based on the 2016 Annual Financial report for Local Government Units, Makati
City is ranked as the second highest earning city in the Philippines, with a total equity of
P41.625 billion and a total revenue of P14.266 billion. Quezon City is ranked first with a
C. Market Share
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Talent Schools in the Philippines doesn’t usually have their own institution, they
entertainment based company. Workshops are offered by these institutions and some of
them has already made a name in this industry. There are no available market share data
that will tell which of these talent or entertainment companies has it’s biggest share in the
market. But there are several theater companies who offers workshop and are very much
present and booming as of today. According to an article from ABS-CBN News, the talent
workshops that made it to their article are PETA’s workshop series, Atlantis Musical
and Star Magic Workshop. Some other renowned talent schools includes, Yamaha
School of Music, The Music School of Ryan Cayabyab, 9Works Theatrical, School of
D. Category
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Figure 2. Top Five Leading Industries in Labor Productivity for the Sector by
Industry Sub-class:
Source: Philippine Business and Industry
Talent House Manila falls under the category of performing arts school because it
offers theater, dance, voice, musical instrument and production workshops. According to
the 2015 Annual Survey of Philippine Business and Industry, the operation of concert and
theatre halls and other arts facilities generated PHP1.1 billion worth of total income. The
figure above shows the top five industries as to labor productivity in 2015 which includes
the operation of concert and theatre halls and other arts facilities amounting to PHP 537.1
thousand. Furthermore, the subsidies received by the Arts, Entertainment and Recreation
sector from the government during the same year reached PHP 308.9 million. Among the
industries from the sector, the operation of concert and theatre halls and other arts
facilities received the largest subsidy from the government that amounted to PHP213.6
15
million (69.2%). It was distantly followed by other sports activities and gambling and
betting activities with PHP54.5 million (17.6%) and PHP33.5 million (10.8%) respectively
("2015 Annual Survey of Philippine Business and Industry (ASPBI) - Arts, Entertainment
and Recreation Sector For All Establishments: Final Results | Philippine Statistics
Authority," 2017).
Based on the statistics, it shows that the performing arts industry is doing well and
striving in and has given many contributions to the country. The government even
supports the theatre halls and other arts facilities in order for the brilliant individuals to
showcase their talents. In connection with this, the Talent House Manila’s chosen venue
for its students’ recital is at Carlos P. Romulo Auditorium in RCBC Plaza, Makati City.
E. Competition
The performing arts industry in the Philippines is filled with a lot of institutions that
cater to the different fields of art. There are schools solely for dance, theater, production,
voice and musical instruments. Different entertainment agencies scout hidden talents
from these schools in hopes of absorbing future stars into their company. Since, Talent
House Manila offers all fields, the top establishments that are in par are: Philippine
Educational Theater Association (PETA) and the Star Magic Workshops. PETA is the
oldest of the two, with over 50 years of experience. While, Star Magic Workshops are in
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F. Product Life Cycle
The product life cycle is a model to analyze the progress of a product through its
life span. This technique can be used to assess an individual firm’s products, a type of
product, or an industry. In this case, three different companies are being assessed in
order to understand their performances in the industry through its life span.
The introduction stage is when the product is brought into the market or when a
company enters the industry. This stage of the cycle could be considered as the most
expensive stage for the company because high investment would be needed (Living
Better Media, 2016). The cost of the company will be very high, especially in a
competitive sector, since this stage will require research and development, consumer
testing, and marketing plan. On the other hand, the size of the market for the
product/service offered by the company is small, thus sales and the revenue are also low.
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Since Talent House Manila is new in the industry, awareness of the company’s
product is very low. Considering that they are a new entrant in the market, the company
must strategize for product awareness in order to develop a market for their product. In
the performing arts industry, the competitor are very limited thus Talent House Manila
only has few companies to compete. With this, the company will consider implementing
reliability of our products. The company will invest in the quality of training, equipments,
and mentors that can justify the high price of the company. Because of the difficulty in
competing in the industry as a start up with a high price, intensive promotions should be
needed. Talent House Manila should maximize the power of social media and the use of
print ads. In addition, analyzing the psychographics of the primary target market, social
media is the most accessible and frequently visited medium by the market.
The growth stage is wherein sales starts to increase. The product of the company
becomes more known to the public. In addition, this is also when a company starts to be
recognized and stabilize in the industry. This stage is characterized by a strong growth in
sales and profits, and because the company can start to benefit from economies of scale
in production, the profit margins, as well as the overall amount of profit, will increase. This
makes it possible for businesses to invest more money in the promotional activity to
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Star Magic has been in the industry for 25 years and through the years, they have
produced a number of great and successful personalities. With their successful artists,
they have been showcased in numerous films and dramas which are distributed by the
country’s leading television network, ABS-CBN, with an average national audience share
of 46% (ABS-CBN News, 2018). Star Magic continues to maintain its quality workshops
continues to build its brand and market in the industry, the pricing of the workshops are
Maturity: PETA
In the maturity stage, the product is already established and the goal of the
company is to maintain the market share they have built up. This is probably the most
competitive time for most products and businesses need to invest wisely in any marketing
strategies they undertake. They also need to consider any product modifications or
improvements to the production process which might give them a competitive advantage.
As for the price, this may be lowered in order to capture consumers’ attention and
compete with the competitive market. The distribution of the firm must become more
intensive in order to encourage more consumers to prefer the brand over its competitors.
successfully in the industry for the past 51 years. Through the years, PETA remained as
one of the top theater organizations in the country. According to PETA (n.d.), they have
produced over 540 plays where they have generated a significant amount of cash. On the
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other hand, the company extended their brand by adding more workshops such as
goals, PETA invested in a Theater Center to enable it to pursue its vision of a Philippine
Theater that is truly integrated and vital to the development of people and society (UNDP,
n.d.). In addition, PETA has built a network of partners as part of their promotional
strategy in sharing their and tapping of potential participants. For pricing, the company
has set their workshop lower than its competitors because of the of new competition in
the industry.
The BCG model takes into consideration two variables which are market share and
market growth. This model is very helpful since it helps determine which products of the
company is in need of more funding and attention. It is essential that every company
products, which is why this model assumes that the best strategy is to be able to dominate
the market when the market is mature; Since products with greater market share or within
a fast growing mature market are expected to wield relatively greater profit margins
(Kotler, 2003).
This model showcases the competitors in the market into 4 categories based on a
combination of market growth and market share relative to the largest competitor. One
these categories are the stars which have high market share and high market growth,
while question marks have low market share and high market growth. Another one is
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cash cows which have high market share and low market growth. And lastly, dogs which
Most businesses in the industry starts as a questions mark, a company that tries to
enter a high growth market in which there is already a market leader. With that, Talent
House Manila is considered as the question mark in the matrix. Since the company is a
new entrant in the market, high investment is needed in this industry. Talent House
Manila will be offering different kinds of programs such as voice, dance, theatre, and
production workshops. Each workshop will incur high cost due to its equipments and
salary of the professional instructors. Thus cash needs are high because of their growth,
but their cash generation will be small because of their low market share. Intensive
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promotional strategies will be needed by the company in order to aggressively compete in
the market.
The products that are present in this quadrant have the potential to generate large
amount of profit due to its position in the market and the possibility of growth in sales as
the industry expands. In this case, Star Magic is the star in the performing arts industry.
The talent company has increased its presence in the industry with its numerous
personalities in the network, ABS-CBN. They shed large investment in order to maintain
its position in the industry. Star Magic talents undergo training in acting, personality
development and physical enhancement before being cast in the television shows of
ABS-CBN and the films of Star Cinema, as well as other film projects in the Philippines,
commercial projects and corporate events. The company significantly invest on their
Products under this category show a return on assets which are greater than the
market growth rate, thereby generating more profit than they consume. In addition, these
companies produces high level of cash. They have a superior position in the market with
a low cost. In this case, PETA is the cash cow in this industry. The Philippine Educational
Theatre Center has been operating for more than 50 years and it generated a lot of cash
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through its successful theatrical plays. According to PETA (n.d.), they have built a
connection for more than 700 networks nationwide. In addition, they have also tapped
around 4,650 participants to join their workshops. This shows that PETA continues to
dominate the market and continue to generate high amount of cash even though they are
already saturated.
was implemented by the Department of Finance (DOF); is set to be used until the year
2019. Substantially, the tax reform package will lower down taxes and exempt those who
earn P250,000 annually. Though majority of the population will benefit from this, high-
wage earners will be charged with a high amount of P1,450,000 +35% that excess over
P5,000,000 annually. This will affect the industry of performing arts schools drastically
especially when it comes to its employees. With the current annual salary of a basic
musical teacher (P300-360,000 per year), the income tax lessened by 10% in 2013 from
a high of 30% to 20% with the new Tax Reform Law. And it will even be lowered down to
15% by 2020. This implementation will motivate professional musicians to share their
expertise and apply to be teachers in performing arts schools because of the increase of
net income they get monthly, excluding other optional/mandatory benefits. The new tax
reform will also allow employers in the industry of performing arts schools to recruit high-
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class teachers as one of their assets. The diagram below shows the proposed lowered
Until 2019:
Brackets Income per year Tax Rates
1 Below P250,000 0%
2020 onwards:
Brackets Income per year Tax Rates
2 Below P250,000 0%
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5 P800,000 to P2,000,000 P102,500 + 25% of the
excess over P800,000
2. Economic
Southeast Asian Nations) and as it perpetually grows, it positively affects not only the
performing arts industry but other industries as well. In the fourth quarter of 2017, GDP
increased by 1.7 and is still continuing its positive growth in the first quarter of 2018 with
1.5% increase. Additionally, according to Trade Economics statistic growth forecast for
the entire 2018, they expect to have a growth of 7-8%. With continual positive growth,
teachers in the performing arts industry will be more inspired to teach and share their
knowledge on their specific field because it will be able to enhance their standard of living
due to higher average income. Also, the industry will have more budget to spend on
research and development and better tangible assets which can help the schools become
more profitable because of more disposable income businesses get. The graph below
portrays the Philippines’ GDP growth rate from 2015 to the first quarter of 2018:
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Figure 5. Philippines GDP Growth Rate (2015-2018)
3. Social
For the past years since late 2016, Philippines led the world in terms of time spent
on social media despite having one of the slowest internet speed in among the ASEAN
countries with an average high of 3 hours and 57 minutes amongst 67 million users in the
Snapchat, and many more. (Camus, 2018). With this being said, as social media is deals
great influence on consumers especially with the idols, celebrities and endorsers’
promotional schemes, social media platforms could and is, matter of fact, being used as a
tool to advertise businesses. These platforms help spread awareness towards kids,
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teenagers, and even parents who have children who are looking for performing arts
4. Technological
Based on Euromonitor, digital connection viably through the use of gadgets such
as cellular phones, laptops, etc., have significantly changed how consumers live and
shop and it affected the way businesses, manufacturers, retailers sell their
selling to meet the needs of consumers with the use of innovation to gain a higher
competitive advantage among competitors. To give justice, within the spectrum of Asia-
Pacific countries, it was home for more than half of the world’s internet users.
subscriptions will already have internet connection which will greatly affect the way the
5. Environmental
Most parents already know the importance of keeping children busy and active
even when school is out. That's why there are parents who are in search for summer
workshops, summer sports clinics, summer lessons and activities which their kids could
participate or be enrolled in. In this era of technological innovation where kids tend to be
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more tech savvy than before and kids tend to face their phones or ipads the whole day,
the wallace foundation and conducted by RAND Education, summer learning programs
can help boost the confidence of the child and the ability to learn more and produce
productive outcomes. Summer programs could boost children’s learning aside from the
lessons they learn during school days. That is why most sports, arts, and recreational
classes are offered during summertime, to also get the full time and attention of the
children.
Threat of New
Entrants
Low
Threat of Substitutes
High
Buyers are price sensitive, they always look for the best deals that would fit their
budget. Consumers are more likely to choose a brand that offers a more affordable price
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over a premium priced one. Due to several similar products in the market and price
Since competitors are priced at different ranges targeted specifically for certain
segments, buyers have a variety of brands to choose from. Product availability is also not
a problem as most competitors are established and positioned. Consumers can easily
choose among the other competitors which make brand loyalty weak.
The bargaining power of suppliers is low because most of the materials needed
to produce the products are easily available from a variety of suppliers. There will be
numerous suppliers to choose from as they do not have a competitive advantage over
each other. Instruments and production equipments will need supplies which are easily
available and will be needed by our product for production training, instrument
workshops and voice lessons. Materials for theatre, acting and dancing workshops are
also easily available therefore, Talent House Manila can easily negotiate the terms of
capital cost.
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Consumers all have different preferences when it comes to learning how to play
an instrument, sing, dance and act. There are several substitutes for learning these.
Self-learning is the most basic form of learning, anyone can just go to youtube and look
for tutorials and lessons. These tutorials and lessons are very accessible because of the
internet. Tutoring is also one of the ways to learn. People can just hire talented tutors for
a cheaper price who can teach their students how to act, sing, dance and play the
instrument. Consumers can also learn through friends and family. Some of these skills
can be passed down for free by those who are close to them.
promotions and advertising as they collaborate with other brands and have social media
presence. One aspect that can make competitive rivalry more intensive is that brand
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Critical Success Weight Score Weighted Score Weighted Score Weighted
Factors Score Score Score
STRENGTHS
● Programs Offered
Talent House Manila Provides a wide variety of programs and some of the
classes they offer are very unique compared to its competitors. They offer Voice
● Product Quality
provides a top notch artistic education. They provide quality equipments needed
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for each class. This makes sure that every consumer is contented and will get what
● Location
Philippines’ very own Wall Street therefore, it is an ideal place to start a business.
There are a lot of residentials, schools, businesses and malls in makati. The
accessibility and convenience of Talent House Manila is one of its great strengths
WEAKNESSES
do know that the product exists. There will also be complications in presenting the
product advertisements for it might not reach its target market. As for the
competitors, Star Magic and PETA have already established their brand and
products through their advertisements. However, the company will invest in some
● Financial Position
Talent House Manila is new therefore, the capital of the company is low
compared to its competitors, star magic and PETA that has been profiting for a
long time.
● Price
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Talent House Manila’s prices are higher than Star Magic and PETA due to more
Programs being offered and opportunities that the school gives to their students.
D. Competitive Profile
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Key External Factors Weight Rate WTD Rating Rationale
Score
Opportunities
to work
profit
House Manila
Threats
34
Available substitutes 0.20 2 0.40 There are YouTube tutorials
and etc.
A. Internal Analysis
1. Management
The management team of Talent House Manila is in control of making the best
decisions for the company. They are also in charge of effectively promoting the brand
through Marketing and Advertising. Aside from that, they also maintain an orderly
workplace that would benefit the students and the employees. They also ensure to take
their employees into consideration in every decision they make for the company.
2. Motivated Workers
Talent House Manila ensure to have the best set of employees. All employees
are required to go through seminars and training to be able to obtain the quality
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standards of the company. Through these seminars, the employees are also expected
to fully understand the vision and mission of the company, as well as the company’s
values and live by them. Talent House Manila also maintains a good relationship with
their employees by having different activities and programs for them to also enjoy. The
company treats their employees fairly and with respect at all times to be able to create a
positive working environment for each and everyone. Certain rules and regulations are
3. Competitive Advantage
Talent House Manila offers a wide variety of classes – voice lessons, dance
productions training, the company has a lot to offer. This is an advantage for THM
considering that their competitors have fewer selections with regards to the programs
that are being offered. In addition to that, Talent House Manila also offers the best set of
instructors that have undergone enough training and experience to be able to provide
4. Strong Brands
The main competitors of Talent House Manila – Star Magic and PETA, have
already established a relationship with their customers throughout the years. This is an
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edge for the company’s competitors especially because Talent House Manila is a new
Since Talent House Manila will be located in Makati, it will be accessible for
people who are living within the metro – north or south. Competitors, Star Magic and
PETA are both located in Quezon City which is a disadvantage for people living in the
south. As for promotions, Talent House Manila will be promoting through giving out
flyers and putting up informative and enticing billboards/posters to be able to get the
attention of their target customers. They will also be offering early bird discounts for
students who will be enrolling during a certain period. The company will also be
promoting on the different social media platforms to be able to raise awareness among
their target customers. In addition to that, the company will also be promoting through
Score
Strengths
37
Product quality 0.25 3 0.75 THM provides
quality
equipments
needed per class
that are also
headed by
professional and
experienced
teachers to give a
top-notch artistic
education.
Weaknesses
38
V. STRATEGIES
A. SWOT Matrix
Helpful Harmful
Strengths Weaknesses
Opportunities Threats
1. Strengths Analysis
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Huge Variety of Classes
Talent House Manila offers five different workshops namely voice, dance,
instruments, theater and production classes - all of which have 24 sessions each. The
voice class is consisted of vocal training and songwriting that includes Broadway, Pop,
Ballad, R&B and Soul. The dance class has many options for one to choose from such as
Hip-Hop, Jazz, Contemporary, Ballet or Ballroom. The instruments class includes notes
reading and instrument training with a maximum of two instruments only which are piano,
guitar, violin, trumpet and drums. The theater class is composed of acting and dramatic
classes with musical theatre. Lastly, the production class consists of scriptwriting, show
The company follows a strict process of recruiting trainers of the students for each
kind of class because one of its top priorities as a performing arts school is to give second
to none and incomparable learning experience to the students. The applicants must be
able to reach all the qualifications and requirements in order to be eligible to be part of the
Location
Talent House Manila is located in Makati City, the country’s very own Wall Street.
The place is extremely accessible and convenient for the company’s target market,
whether they live in North or South, since Makati City is approximately the center of the
North-South vicinity. Moreover, it is also an ideal place to start a business because there
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are numerous residential, schools, businesses and malls around the city. Therefore, it is
considered as one of the strengths of the company because it is nearby its target market.
2. Weaknesses Analysis
Talent House Manila’s price range is from P11,000 to P15,000 while its
competitors, PETA and Star Magic workshops, are P9,000 to P11,000 and P10,000 to
P20,000, respectively. This shows that Talent House Manila has significantly higher
prices than PETA. It may not be a good idea to surpass the competitors’ price as a start-
up company but Talent House Manila ensures that its students’ parents are getting their
money’s worth through giving the most exceptional education and providing the best
No Reputation Yet
The company was only established in January 2018 with the purpose of improving
the artistic skills of its students in dancing, singing, acting, playing musical instruments,
hosting, script writing and directing. Because of this, it does not have something immense
that it can brag about to the public for the reason that the company has not proven
Since Talent House Manila is just new to the market, it holds low market share in
quick growing markets consuming large amount of cash in order to maintain or gain
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market share. It has not captured a large market share yet in the performing arts industry
whereas its competitors PETA and Star Magic Workshop have been in the business for a
fairly reasonable amount of time now. In consequence of that, low market share is one of
marketing and advertising for the reason that it is only on the introduction stage thus the
service that the company offers is just new to the consumers. In contradiction of its
competitors, they have established excellent, effective and useful advertisements that
helped them make a name in the industry. Furthermore, the company is not entirely
certain that its promotional materials will be able to reach its target market well.
3. Opportunities Analysis
Philippines is known for its talented, passionate artists in the performing arts industry –
from singers and dancers to actors and actresses. In regard to the dance scene, the
Philippine Ballet Theatre featured “The Merry Widow” and the homegrown talents led by
2016 Cultural Center of the Philippines’ highest-awarded female dancer, Irene Kim
Abrogena, and 2016 World Ballet Competition 4 th Place winner, Veronica Atienza,
alternating in the lead role (INQUIRER.net, 2017). This is just one of the many proofs that
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the Filipino artists are becoming well-known to the performing arts industry, both locally
and abroad.
One of the company’s long term goals is to partner up with international companies
that produces Broadway shows. For instance, Talent House Manila will be scouting its
own artists to be part of the casting for Disney Theatrical Productions Limited or
commonly known as Disney On Broadway. The company will make sure that they are
completely prepared for their auditions. The company can also give financial support if
THM artists need assistance in applying for Disney On Broadway’s upcoming auditions.
There is a high market growth for Talent House Manila since it is a start-up
company within an industry that has a prevailing market share. The company is
considered as the question mark in the Boston Consulting Group matrix, that’s why it has
an opportunity of having a high market growth. Hence, majority of the businesses start as
question marks as the company is trying to enter a high-growth market in which there is
Based on the Tax Reform for Acceleration and Inclusion or TRAIN law that was
implemented by the Department of Finance, the new tax reform package will lower down
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taxes with an exception of those who earn P250,000 annually. With the present-day
annual salary of a musical teacher which is P300,000 to P360,000 per year, the income
tax will be lowered to 15% by 2020 from a high 30%. Therefore, there is an increase of
net income they get monthly. This will greatly and positively affect the performing arts
industry because professional artists can be more motivated to share their expertise and
Increase in GDP
Because of this, it has a positive effect on not only the performing industry but also other
industries, too. The teachers in the performing arts industry will be more driven to teach
due to higher average income thus enhanced standard of living. There will also be an
increased budget in the industry to spend on research and development which can help
companies or schools to be more profitable. As for Talent House Manila, it can increase
Digital Connection
There is a significant change on how consumers live and shop and how
businesses sell their products or services because of the rise of digital connection. By
2030, 99% of global mobile telephone subscriptions will have internet connection that will
have a significant effect on how the performing arts industry market their services. For
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this reason, Talent House Manila can use this to further improve its services through the
4. Threats Analysis
Association or PETA, one of the top theater organizations in the Philippines that has been
in the industry for nearly 50 years. In addition, it has made “a network of partners who
value culture as medium for change, and believe that theater can be a tool for education,
n.d.). On the other hand, Star Magic Workshop was founded in 2009 while Star Magic
was established on May 12, 1992. Star Magic Workshop was created in order “to offer
quality training in acting for film and television, dancing and singing as facilitated by only
the best in the Philippine entertainment industry.” ("Star Magic Workshops," n.d.).
entertainment company based in Quezon City. The aspiring artists from Star Magic
Workshop have a high chance of being recognized by the management and can use their
experience from their workshop to join auditions of upcoming movies and TV shows
under ABS-CBN. This can also be their stepping stone to becoming a real actor or
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Available Substitutes
The Internet is one of the greatest creations and provides everyone in the world
Using a search engine like Google, one can ask a question and find an answer to that on
the web. Furthermore, there are millions of YouTube videos that can help explain
innumerable and diverse topics and even online courses that can be watched to teach a
person about many subjects. The best thing about this is that it is free and tremendously
B. Strategy Goal
Partnerships Competitors
5. Increase in GDP
6. Digital Connection
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Internal Strengths SO1: Students under the S1T1: THM offers a variety
Classes classes with the help of the with schools that only cater
share.
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Internal Weaknesses WO1: Maximize the use W4T1: THM should
3. Low Market Share about the services offered the competitors of THM are
and Advertising W2O6: Filipinos are avid companies, the only way to
students.
C. Financial Goal
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1. Short Term
● To achieve breakeven
ticket sales.
2. Medium Term
students.
presentation
3. Long Term
presentation concert.
D. Problems Identified
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Service Problem
experience?
workshop?
Pricing Problem
2. How much are the consumers willing to pay for each class?
3. Why should Talent House Manila set a higher price than PETA and
Distribution Problem
3. Why are the headquarters and workshop venue located in just one
building?
Promotion Problem
1. How will the company compete with its competitors when it is just
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2. What promotional strategy should the company use in regard to brand
awareness?
3. How can the company communicate its benefits to the target market?
People Problem
3. How will the company ensure that the students are learning and
E. Marketing Strategies
1. Product
Talent House Manila is the ONLY performing arts school in the Philippines that
provides the highest caliber of artistic education with the help of some of the most
renowned Filipino Talent experts in partnership with local and international talent
companies.
Market Penetration
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Since Talent House Manila is new in the market, the firm is tapping specific areas
with high potential profitability. THM wants to take advantage of the low threat of new
entrants in the market by constantly attempting to become the superior alternative among
their competitors. Although the competition in the market is aggressive and the service is
expensive, the service will still stand out because of its unique offerings Talent House
Manila wants its customers to get what they paid for in terms of its value.
2. Price
Based on the survey conducted on how much the respondents are willing to pay,
Talent House Manila will implement a price skimming strategy by pricing it at P11,000-
15,000. Because of the service’s unique workshops and classes offered, the cost of
production will increase resulting to a decrease in volume. With that being said, the
company should raise the prices in order to cover the expenses incurred. With this
strategy, the firm can evaluate whether the initial pricing is effective or not.
According to the survey, 70%, 66.7%, 66.7%, 63.3%, 53.3% of the respondents
are willing to enroll at voice and dance workshops, instruments + notes reading, acting
and dramatic classes with musical theatre and production management workshops
respectively at the imposed price. This shows that even at a higher price, the consumers
3. Place
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The services of Talent House Manila are available in their office located at Makati
city. It is situated in the commercialized area that is convenient for both North and South
residents. Makati is one of the busiest cities in NCR which makes it the ideal location for a
startup business. The company believes as soon as it reaches its growth stage, it plans
on expanding not only in Makati but in more branches as well along with our partnerships
4. Promotion
Advertising Collaterals
In order to entice the target market in purchasing the offers made by Talent
House Manila despite its price compared to similar services and its competitors, the
company will be using promotional materials that communicates the main benefit of the
service - enrich Filipino talents in the field of performing arts. Having these promotional
materials placed in malls and on radio and social media would be effective since it
targets the main media touch points the target market comes in contact with on a daily
basis.
promotional materials will be heavily placed along social media where the target market
usually goes to. The main benefit will be communicated in the promotional materials so
that the target market can understand what the service does and what it can do for
them.
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5. People
In the initial years of operation, Talent House Manila will have a simple
organizational structure. The company will be run by its founders in terms of marketing
and operations. This will have a moderate staff for delivery and production. Our main
investment for the organization will be under the operations which entails hiring
professional teachers to work on improving the capacity of the workshops and classes.
Talent House Manila expects to continue growing and expanding in the coming years,
Recruiting
Recruiting will be done by Talent House Manila founders initially and as Talent
House Manila grows and expands, recruitment duties will fall under the human
Training
New recruits will have a 3 day orientation in the main office which will tackle the
overall functions of the department. The orientation will be divided into Operations,
Sales, and Product Management. They will also be given a 1 month training program in
which will include how to make the products, the overall operations. Through the
training program they shall be assigned with a senior partner and would be shadowing
them. The senior partners will be mentoring and guiding the newcomers with the
process around the company. It will be required for all new recruits so that they will be
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competent and knowledgeable about the product, how the company works and its
culture.
Increasing Morale
employees. When employees are treated well, they will work harder for the company.
Talent House Manila shall increase the value of employees by including them when it
comes to brainstorming for the innovation of the services, including their insights where
it matters. The company values a customer centered viewpoint and entrusts that
through voicing their suggestions there are more to work with than planning it within the
ranks. Aside from that, Talent House Manila employees will have a rewards like
Assessment
There will be a quarterly evaluation for all employees and staff. This is to ensure
that all employees and staff members have lived up to the standard that Talent House
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PROMOTION
Everyone is born with a talent, but not all have the capacity to develop it and
be able to achieve their highest potential. World-renowned artists are seen all over
the world and they are idolized by millions of people. Although, before these artists
made it to the top, they have discovered their talents like any other person and
made sure that these have been improved. Talent House Manila is comprised of
executives and teachers who have come to know their talents and have had the
opportunity to refine them as well. The privilege of having our talents developed,
which has now become our passion and our way of living, inspires us to share the
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In line with the company’s goal of expanding the cultural arts community
and at the same time developing the talents of aspiring and gifted artists, Talent
House Manila’s commitment to the society is to extend its efforts in achieving our
goal to individuals with disability and those who are not capable of financing their
dreams. The company aims to give out free summer classes to at a maximum of 2
disabled individuals, which shall eventually help them boost their confidence in
cultivating their talents even when faced with an unfortunate situation. Moreover, a
portion of the proceeds of each production that has at least one participating
such as Tahanang Walang Hagdan, Philippine Association of the Deaf, Center for
Autism and Related Disorders, EPHPHETA Foundation for the Blind, Development
Center for the Handicapped Foundation, etc. are the beneficiaries of the said
program. On the other hand, every year Talent House Manila is to give out
scholarships to some qualified less fortunate individuals to take classes along with
the other enrolled students and give them the same opportunity as the others. The
foundation for these programs are the reflection of the values of the company and
VIII. REFERENCES
2015 Annual Survey of Philippine Business and Industry (ASPBI) - Arts, Entertainment
and Recreation Sector For All Establishments: Final Results | Philippine
Statistics Authority. (2017,December 29). Retrieved from
https://psa.gov.ph/content/2015-annual-survey-
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Philippine-business-and-industry-aspbi-arts-entertainment-and-0
ABS-CBN News. (2017, April 16). 10 summer workshops for kids, teens.
Retrieved April 17, 2018, from http://news.abs-cbn.com/life/04/17/17/10-summer-
workshops-for-kids-teens
ABS-CBN News. (2018). ABS-CBN keeps ratings lead in February: Kantar. Retrieved
April 17, 2018, from http://news.abs-cbn.com/business/03/02/18/abs-cbn-keeps-
ratings-lead-in-february-kantar
Acayen, A. (2017, February 13). Philippine theater and performing groups arts.
Retrieved April 17, 2018, from
https://www.slideshare.net/RednaxelaNeyaca/philippine-theater-and-performing-
groups-arts
Augustin, C.H., Bodilly, S.J., Cross, A.B., Lichter, D.S., McCombs, J.S., McInnis,
B., Schwartz, H.L. Making Summer Count: How Summer Progrmas Can Boost
Children’s Learning. Retrieved April 16, 2018.
http://www.wallacefoundation.org/knowledge-center/Documents/Making-Summer-
Count-How-Summer-Programs-Can-Boost-Childrens-Learning.pdf
Cocjin, Q. R. (2017, January 30). Here Are 5 Local Theater Companies You
Should Know About. Retrieved April 17, 2018, from https://philihappy.com/5-local-
theater-companies/
INQUIRER.net. (2017, September 19). Top homegrown talents lead Philippine Ballet
Theatre's 'The Merry Widow? Retrieved April 17, 2018, from
http://lifestyle.inquirer.net/273734/top-homegrown-talents-lead-philippine-ballet-the
atres-merry-widow/
Living Better Media. (2016). Product Life Cycle Stages. Retrieved April 17, 2018, from
http://productlifecyclestages.com/
Makati City Facts and Figures. (2016, December 14). Retrieved from
https://www.zipmatch.com/blog/makati-city-by-the-numbers/
NCR Population. (2016, May 31). Retrieved April 13, 2018, from
https://psa.gov.ph/content/population-national-capital-region-based-2015-census-
population-0
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Primer Media Inc. (2017, May 30). LIST: Music Workshops for Kids, Teens, and Adults in
Manila. Retrieved April 17, 2018, from http://primer.com.ph/study/2017/05/30/list-
music-workshops-for-kids-teens-and-adults-in-manila/
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IX. APPENDIX
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SOCIAL MEDIA ADS
BILLBOARD ADS
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I have dreamed of being a star
To be the brightest and the best
And I've come so very far
To be better than the rest..
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