business plan grade 12 abm

Conducting Business Plan Tutorial among Grade 12 ABM Strand Students in Bestlink College of the Philippines

• Jayson Yamat
• Johnryan Gernale
• Ellah Galicio
• Dimple Montealto
• Nicole Caballero
• Kimberly Joyce Borja Embile

In recent years, the students of Bestlink College of the Philippines are facing one of the major problems, that is, making a business plan. A business plan is a written document regarding a business goal, objectives, and strategies. A business plan provides a path where the main objective is to be successful. “Although no one’s going to force you to draw up a business plan, having one is always going to improve your chances of reaching the goals you set for yourself.” The presurvey showed that 6 out of 10 students cannot make a business plan. They say that a business plan is similar to a research paper; it has chapters to follow and requires a defense. The study used the descriptive method to describe the nature of a study by using survey questionnaires to gather accurate information about the topic that the researchers investigated. This study presented the improvements of the students in conducting a business plan tutorial. This research sought to improve the students by conducting a business plan tutorial in terms of planning a business, business mindset, and academic performance, specifically to students. The following are the important findings of the study. In terms of students’ interest, the respondents agreed that having an interest in the subject may affect making a business plan. The total average weighted mean in terms of the teacher’s specialization was 3.94, which agreed that the teacher should have graduated with a Bachelor's Degree in Science and Business Administration or must have a business-related course. The study revealed that lacking knowledge of creating a business plan or lack of confidence is the main reason why students have a low performance inside the classroom. It also affects one’s personal communication with others because they received criticism or discrimination from their parents or even their family members.

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Starting a Business with Grade 12 ABM

In the latter half of the 1990s, after recently just failing a project called “ChinaPage”, which aimed to help small Chinese businesses, Jack Ma worked for a short period time under the Ministry of Foreign Trade and Economic Cooperation for China. Here he met Jerry Yang, co-founder of Yahoo. Jerry was able to secure a $1 billion investment in Alibaba, Jack Ma help found. By September 2014, it was reported that Alibaba was raising over $25 billion on the New York Stock Exchange. Jack Ma is now considered one of the most successful businessmen in the world, and the business simulation subject wishes to teach how an individual can become someone like Jack Ma or any other successful businessperson.

Business Simulation is just one of the many specialized subjects under the Accountancy Business Management (ABM) strand. From the name itself, one of the main goals of this subject is to educate the students on how to manage, execute, and decide in business matters. For the final project of Grade 12 ABM Class of School Year 2018 – 2019, the students were tasked to create a fresh new product. Of the 10 students, all chose to create new food products. The list of their products is as follows: Dessert Quesadilla, Lachosagna, Volcatao, Cake Pops, Deep Fried Cookie, Barbeque Cheese Eggplant, Apple Cheese Pocket, Bacon – Wrapped Mushroom Bacon, Cookie Lollipops, and Smore Pops. These new and fresh products will be sold in the February fair of PIQC, said selling to be managed by the students to their respective products.

Written by: Elijah Rome Jacinto

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