define('DISALLOW_FILE_MODS', true);{"id":1020,"date":"2013-07-10T15:20:05","date_gmt":"2013-07-10T15:20:05","guid":{"rendered":"http:\/\/www.herdioflo.com\/?p=1020"},"modified":"2013-10-20T01:50:02","modified_gmt":"2013-10-20T01:50:02","slug":"how-to-analyze","status":"publish","type":"post","link":"http:\/\/www.herdioflo.com\/?p=1020","title":{"rendered":"How To Analyze"},"content":{"rendered":"

The first question someone asked me, what does a business degree mean? What he was asking in other words was, what does it mean when someone has a degree\/diploma in business, or what good is a person to a company if he possesses a business degree? I simply answered; He or she has been trained to create value or is a value creator. He or she finds ways to create value for the company.<\/em><\/p>\n

Then the second question he asked was, if you had to give an SOP (Standard Operating Procedure) on how to analyze a situation for a company wanting to create a new product or service\u00a0within a particular market, how would you create the steps.\u00a0I would answer like this :<\/p>\n

(1) Ask questions to understand the Current Situation<\/p>\n

(2) Ask questions to understand the Objective<\/p>\n

(3) Ask questions to find out the Industry<\/p>\n

(4) Ask questions to find out the Competition<\/p>\n

(5) Ask questions to find out the Company’s business Core competency (Business)<\/p>\n

(6) What products generates revenue – Only product – revenue stream<\/p>\n

(7) What is the Unique selling Proposition – how you differentiate yourselves?<\/p>\n

(8) What are the Customer segments?<\/p>\n

(9) Analyzing Cost structure. What are the fixed costs? What are the variable costs?<\/p>\n

(10) What would you Price it?<\/p>\n","protected":false},"excerpt":{"rendered":"