Alternative Laboratory Exercises
LAB EXERCISE 2. Product Innovation Challenge
Objective: Encourage students to develop a new product or improve an existing one by applying
creative thinking and innovation strategies.
Instructions:
1. Idea Generation
o Identify a common product or service in your community (e.g., food, household
tools, or digital services).
o Propose one innovative feature or improvement that would make the product
better, more sustainable, or more cost-effective.
2. Prototype Design (Creative Output)
o Create a sketch, diagram, or digital design of your improved product.
o Label its key features and explain how they improve functionality.
3. Market Analysis
o Identify your target market and describe why your product will appeal to them.
4. Reflection Report
o Write a 1-2 page reflection explaining:
o What inspired your product improvement?
o What challenges might you face during production or marketing?
DEADLINE: MARCH 24, 2025
LAB EXERCISE 3. Personal Financial Management Simulation
Objective: Develop budgeting and financial planning skills using a simulated financial
management activity.
Instructions:
1. Create a Monthly Budget Plan
o Imagine you are earning ₱18,000 per month as a freelancer or small business
owner.
o List your projected expenses such as rent, utilities, groceries, transportation,
savings, and entertainment.
2. Unexpected Expenses Scenario
o Assume you face an unexpected event like a car repair or medical expense.
o Adjust your budget to manage this financial challenge without exceeding your
total income.
3. Reflection Report
o Write a 1-page report explaining:
o How did you adjust your spending?
o What strategies helped you manage the unexpected expense?
DEADLINE: MARCH 26, 2025
LAB EXERCISE 4. Entrepreneurial Pitch Video
Objective: Practice pitching a business idea clearly and persuasively.
Instructions:
1. Develop Your Business Idea
o Choose a product, service, or startup concept that interests you.
2. Prepare Your Pitch
o Write a 2-3 minute script that includes:
o Introduction: Briefly describe yourself and your idea.
o Problem Statement: Identify the problem your business solves.
o Solution: Explain how your idea addresses that problem.
o Target Market: Describe your potential customers.
o Call to Action: Persuade your audience to support your idea.
3. Record Your Pitch
o Record a 2-3 minute video of yourself presenting your pitch.
o Focus on clear communication, confidence, and creativity.
DEADLINE: MARCH 28, 2025
Laboratory Exercise 5: Business Model Canvas for Personal Productivity-Based Business Idea
Objective:
To apply time management, self-reflection, and entrepreneurial thinking by designing a
Business Model Canvas (BMC) for a business idea inspired by your personal skills, hobbies, or
productivity habits.
Instructions:
Step 1: Identify a Business Idea
• Reflect on your skills, interests, and productive habits. Choose a business idea that aligns
with these strengths.
• Examples include:
o Freelance Services (e.g., graphic design, tutoring, content writing)
o Product-Based Businesses (e.g., handmade crafts, baked goods)
o Digital Solutions (e.g., mobile app ideas, productivity tools)
Step 2: Develop Your Business Model Canvas (BMC)
Create a BMC using the 9 Key Components:
1. Key Partners
o List individuals, suppliers, or collaborators who can help your business thrive.
o Example: Suppliers for materials, freelancers for marketing, etc.
2. Key Activities
o Identify the core tasks that keep your business running.
o Example: Baking, designing, client consultations, social media promotion.
3. Value Propositions
o Explain what makes your product or service unique and valuable.
o Example: Affordable pricing, eco-friendly features, or premium quality.
4. Customer Relationships
o Describe how you will build and maintain customer trust.
o Example: Loyalty programs, personalized services, or after-sales support.
5. Customer Segments
o Identify your target audience.
o Example: College students, working parents, or small business owners.
6. Key Resources
o List the tools, equipment, or skills you will need.
o Example: Laptop, baking tools, software subscriptions, etc.
7. Channels
o Explain how you will promote and deliver your product or service.
o Example: Social media, websites, local markets, or delivery services.
8. Cost Structure
o Outline your expected expenses.
o Example: Materials, marketing fees, equipment maintenance, etc.
9. Revenue Streams
o Describe how you will earn income from your business.
o Example: Product sales, subscription fees, consultation fees, etc.
Step 3: Design Your Business Model Canvas
• Use one of the following options to create your BMC:
o Hand-drawn on paper with clear labels and organized sections.
o Digital tools such as Canva, PowerPoint, or online BMC templates.
• Ensure your BMC is visually organized and easy to understand.
Step 4: Write a Reflection Report
• Write a 1-2 page reflection that explains:
o Why you chose this business idea.
o The strengths and weaknesses of your BMC.
o How your personal productivity habits influenced your business concept.
DEADLINE: APRIL 2, 2025
