Parents have been known to choose what’s best for their children. In Asia, many parents even ensure their children choose the right spouse. The process typically goes through different stages: Stage 1: Enjoy – Parents say, “Why be in hurry? Enjoy life.” aka “You might commit a permanent mistake in choosing the wrong spouse.” Stage 2: Idealistic – Parents continue […]
When your strategy and business model are no longer relevant because changes in the external environment are faster than change in your organization, you are in strategic drift. The risk to incumbent market players is that a new market leader may emerge and take market share away from you, since they have been better prepared at anticipating any changes in consumer […]
From left to right (1st row): Bautista, Cobonpue, Lim, Valdes, and Chan. 2nd row: Chong, Evangelista, Ilao, Ledesma, and Palencia. On March 3 and 4, 2021, Mansmith and Fielders, Inc. held the very first Mansmith Innovation Awards and Summit. A dual conference and awarding ceremony, the event recognized the top 10 Filipino innovators for their significant contributions to innovation in […]
Les Reyes founded Reyes Haircutters in 2001 and popularized the P49.95 hair cut, initially targeting do-it-yourself consumers who do not go to barber shops for a hair cut. Today, it has some 100 outlets. The marketing mix or more popularly known as the 4P’s of marketing is composed of product, price, place and promotions. For service companies, 3P’s are added […]
In part 1 of this article, I shared the five elements of the offering model of a doctor’s practice. In this continuation, I will end with the six elements of the operating model that make up the 11 building blocks of a business model: value chain, key processes, key resources, complementors, cost, and finally, reconfiguration for an innovative medical practice. […]
Three years ago, I wrote about the dissatisfaction of patients toward their doctors in the post “Can Doctors Be Patient Centric?” on my blog, and “Does Your Doctor Really Care About You?” in the Nov 10, 2017 issue of Inquirer. In this 2-part article series, I will discuss how understanding business models can help doctors improve patient satisfaction and increase […]
I enjoyed running three batches of my Business Model class last February 2021. I never had so many batches within the same month since my first class in 2010. I conducted pre-tests and trained business model mentors from the Go Negosyo Movement on the need to expand business models to 11 building blocks from their existing 9. I also trained […]
Internationally renowned furniture designer Kenneth Cobonpue is one of the ten winners of the 1st Mansmith Innovation Awards. In this interview, we asked Kenneth (who was described by Time Magazine as “Rattan’s First Virtuoso”), about his creative process and why many companies want his name on the door. Mr. Cobonpue will be speaking at the 1st Mansmith Innovation Summit and Awards […]
Mercato Centrale is one of the ten winners of the 1st Mansmith Innovation Awards. Multi-awarded entrepreneur and host RJ Ledesma and his team, along with their partners, popularized Mercato Centrale as a night market in BGC since 2010. It has since expanded to different areas and day market with carefully curated food tenants. Mercato Centrale is the first food market to […]
Dr. Angela Yu is the incumbent president of Chinovation for Social Progress, moderator of the Binondo Heritage Group, and a past president of Kaisa Para sa Kaunlaran. In this interview, she shares with us some pointers to understand how Chinese culture impacts how they think, behave, and approach their response to calamities. Before we delve into influences of the Chinese culture and the […]