Sunday, 25 November 2012

Self reflection by Ng Ley Koon

We have starting class together with Mr. Bernard, he taught us a lot of business concepts. He teaching us the business plan by emphasize strongly on the business model that include: 1. Customer segment, 2. Revenue stream , 3. Customer relationships, 4. Value proposition, 5. Channel, 6. Key activities, 7. Key resources, 8. Key partner, and 9. Cost structure.
He explained to us the meaning of these elements in the business model. Then he asked us to come out with a simple business idea in our group. After that, we have to relate our business idea to these elements. This mean by our business model canvas will help us to set up our business idea. Our group have come out a business idea to open up a motorbike repair workshop in the um campus in order to make the riders more convenient if they face any motorbike problem.
Finally, I feel that UM change the APK teaching style by employed those industrial mentors come to teach us how to set up our business is quite refresh us in this semester. I hope that this teaching style will be continued for the next time. 


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