etc. from ICA 2 (part A) should go into ICA 2 (part B) – build-up (don’t throw away!) All groups to have a starting slide (i.e. slide #2) stating simply & clearly what your company is offering, both products & services.
This will give judges an overview of what
business idea they are judging at the start, without having to guess & guess till you reach mid-point of ppt. e.g. “Pets’ Hub is a one-stop pet shop where …..” 2. Remember – your introduction is impt. – sets the mood/impression - skit? illustration? example? - samples to pass round…
2. All numbers, statistics & figures that you quote
(e.g. 43,000 pet owners in Singapore, 2.1 million males in Singapore…), must attach (in appendix) corresponding table, graph, article from which this information was taken
5. Most groups must include more secondary
research industry articles to prove growth in industry & demand in market 5. Company logo & name – explain relevance & significance
6. Don’t forget your Weekly Activity Report
– at least 1 (use Ext. Mentor interview)
7. Tie in your overall company objectives to your
CSFs EXAMPLES OF OBJECTIVES & CSFS Objective CSF To gain market share of 25% Attract new customers Strong Branding Strong Channel Partnership Regular marketing activities
Achieve customer satisfaction High Quality of Product
rate of 98% Good staff retention 2 weeks of training for staff on customer relationship mgt To introduce 5 new products Research and Development every other month Expand sourcing base 8. If you have more than 1 business model or more than 1 target market, separate into “primary & secondary” OR “1st tier & 2nd tier”
9. Plans/strategies proposed should be tied-in
WITH RELATION to your objectives, market, goals etc. 10. Much more elaboration needed for Marketing Strategies section - Market Segmentation (diff. cust. grps in the entire mkt) - Target Marketing (which group are you focussing on & why + strategy: undifferentiated, concentrated, multi-seg.) - Market Positioning (perceptual map based on critical attributes) - Marketing Mix - 7Ps (elaborate, elaborate, elaborate with e.g.s, sketches, ‘menu’, drawings etc.) 11. For PRODUCT, if necessary, you may choose to ‘walk the judges through’ an actual customer experience / purchase by citing a real-life customer especially for groups who are dealing with B2B cases.
12. For PRICE, please give details of prices for each
product / service (menu, package options, list etc.) - give exact figures in order to project revenue accurately - just citing a general strategy (e.g. penetration pricing, variable pricing) or giving ‘approx., around’ is insufficient 13. For PLACE, remember this is - physical location, venue - site/store layout - give reasons for site selection OR: - Place = Channel of Distribution (sell through distributors, other retailers, online merchants, outsourcing etc.)
14. For PROMOTION, please give reasoning as to
why you have chosen these forms of promotion (ads, sales promo, PR…) - ensure you have thought through carefully the methods chosen to ensure they are effective with relation to your objectives & nature of biz. - show illustrations/e.g.s 15. Do not forget to elaborate on your SERVICE 3 Ps = Physical Evidence - different from ‘Place’ - it refers to ambience, décor, intangible elements, licenses, image, reputation etc. = Participants - all stakeholders (customers, suppliers, staff, partners etc.) = Process - actual flow of delivery (flowchart?) THE ROAD AHEAD …. ICA 2 (part B) guidelines Add in Operations Plan & Financial Highlights