sti ubod chapter 1 1
TRANSCRIPT
CHAPTER 1
INTRODUCTION
Aspiring entrepreneurs may have an idea about the type of product that they
would like to make. This can come from seeing others successfully producing a food and
wanting to copy them or from talking to friends and family members about products that
they think they could make. However, an idea for a business is not a sufficient reason to
begin production straight away, without having thought clearly about the different aspects
involved in actually running the business. Too often, people invest money in a business
only to find out later that there is insufficient demand for the product or that it is not the
type that customers want to buy. To reduce this risk of failure and losing money, poten-
tial producers should go through the different aspects of running their business by con-
ducting feasibility study on the business they would like to pursue.
Food business is very rewarding since man can give up almost everything except
food. Men have to eat in order to live. As such, the students from STI College – Dasmar-
iñas were inspired to conduct a study on food manufacturing business. Since the Philip-
pines is the world leader in coconut production, the students chose a unique and rare deli -
cacy that could be extracted from coconut palm trees. This feasibility study will explore
the attractiveness of ubod or heart of coconut palm in producing burger patties. In this
study, ubod will be used as meat substitute in the production of burger patties.
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1.1 Background of the Study
Despite condemnation throughout the world, the hamburger sandwich is one of
the most successful foods in the world. The attraction of the hamburger is that it is inex-
pensive, convenient, and filling. Hamburgers are also versatile. At the minimum, ham-
burger sandwiches consist of just cooked ground beef in a bun.
In the Philippines, with American culinary influences going back to US domina-
tion of the islands at the beginning retains a strong bond with American trends. The fa-
mous chain McDonalds which is immensely popular with Filipinos, have a range of
burger and chicken dishes often accompanied by plain steamed rice and/or french fries.
Most popular of all with locals, the Philippines boasts its own burger-chain called Jol -
libee - which offers credible burger meals and chicken, including a signature burger
called "The Big Champ".
Patties made of ground beef are generally used in hamburgers. When other meats
such as venison, bison, pork, chicken, turkey, or fish are used, the name of the burger
generally changes accordingly, prefixed by the name of the meat source.
Veggie burgers (alternately called a tofu burger, vegiburger or garden burger) use
a meat substitute, or an assortment of vegetables, nuts or soy protein, which are ground
up and mashed into patties) for the vegetarian and vegan consumer. Burgers with non-
beef patties are often marketed as more exotic than hamburgers or as being healthier than
beef-patties.
Because of the abundance of coconut in the country, the students of STI were
inspired to create a veggie burger patty utilizing ubod or heart of coconut palm as the
primary ingredient or as meat substitute. Ubod or heart of coconut palm, also called palm
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heart, palmito, burglar's thigh, is a vegetable harvested from the inner core and growing
bud of coconut trees (Cocos nucifera). Heart of palm is often eaten in a salad, sometimes
called "millionaire's salad".
1.2 Statement of the Problem
The purpose of the study is to determine the feasibility of producing burger patties
made from ubod.
Specifically, this study will seek answers to the following questions:
1.2.1 Marketing Aspect
- What are the marketing strategies or plans that will be used to
be able to penetrate a particular segment of the market?
- How will ubod burger patties be promoted to target consumers?
- How should ubod burger patties be distributed?
- What pricing strategy will be used for the proposed business?
1.2.2 Operation and Technical Aspect
- What is the process involved in the production of burger patties
made from ubod?
- Who will be the sources of materials?
- What will be the required output of the workers?
- What will be the optimum combination of inputs that will
maximize output?
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1.2.3 Organization and Management Aspect
- What form of business organization will be adopted for the
proposed business?
- What qualifications are needed for each position in the
organization?
- What are the duties and responsibilities of each member in the
organization?
1.2.4 Financial Aspect
- Who are the sources of capital for the proposed business?
- How much is the initial capitalization needed for the business?
- What is the profitability of operating a business engaged in the
production of burger patty made from ubod in Cavite?
1.2.5 Social Aspect
- How will the proposed business help the people in the
community?
- What is the economic impact of the proposed business in the
society?
1.3 Objectives of the Study
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This study will be conducted to evaluate the feasibility of operating a business
engaged in the production burger patties made from ubod or heart of coconut palm.
Specifically, this study aims to:
1.3.2.1 Marketing Aspect
- The proposed business will develop appropriate strategic
marketing plans to be able to penetrate the target market. This
will also discuss the promotional activities, distribution
channels and pricing strategy that will be used to reach the
target consumers.
1.3.2.2 Operation and Technical Aspect
- This study will describe the process involved in the production
of burger patties made from ubod. This will also determine the
sources of materials needed in production, the required output
of the workers, and the optimum combination of inputs that will
maximize output.
1.3.2.3 Organization and Management Aspect
- This study will describe the form of business organization that
will be adopted for the proposed business, the qualifications
needed for each position in the organization, and the
responsibilities of each member in the organization.
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1.3.2.4 Financial Aspect
- This study will identify the sources of capital and the amount of
initial capitalization needed for the proposed business. More
importantly, this study will evaluate the profitability of
operating a burger patty business made from ubod in Cavite.
1.3.2.5 Social Aspect
- The social impact of the proposed business in terms of helping
the people in the community and the economic benefits that will
be gained by our society will be presented in this study.
1.4 Significance of the Study
One of the most promising business ventures today is the food sector. It is for this
reason that this study will be conducted, that is, to develop veggie burger patties made
primarily from ubod or heart of coconut palm. This study could provide an idea and valu-
able information to would-be entrepreneurs who wish to engage in the food business.
People who find this study a potential business could use the information contained in
this study to engage in the business of producing vegetable burger patties made from
ubod. In this study, entrepreneurs could find new ways of making vegetable patties using
indigenous materials.
1.5 Scope and Delimitations
The business will be engaged in the production and sale of veggie burger patties
made from ubod. The actual business launching will commence on March 2010. The
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product will be initially distributed to market vendors in selected upland areas of Cavite,
namely: Indang, Tagaytay, Trece Martires City, Alfonso and Mendez. Once the market is
established, the product will be marketed to vendors in other areas of Cavite.
1.6 Definition of Terms:
Hamburger (or simply burger) is a sandwich that consists of a
cooked patty of ground meat that is fried, steamed, grilled, broiled,
barbequed, seared or deep fried and is generally served with various garnish
or condiments like ketchup, mustard, mayonnaise, lettuce, tomato, onion,
relish and cheese toppings, placed inside a sliced bun, often baked specially
for this purpose, or pieces of bread or toast.
Patty is a disc-shaped, (round) serving of meat or meat substitutes.
The meat or its substitute is ground and then packed and re-shaped to form
round discs, cooked and eaten. They can be eaten a la carte, as a Salisbury
steak, or in a hamburger, or, by some people, alone on a plate.
Ubod burger patty is a veggie burger patty made from ubod or heart
of palm, a meat substitute, and ground up and mashed into patties.
Ubod or heart of palm is a vegetable harvested from the inner core
and growing bud of coconut trees (Cocos nucifera). It consists of tightly
packed, yellow-white immature leaves about the size of a person's forearm.
It is only gathered from the topmost section of the coconut trunk, right up
where the leaves were located. Cut from the plant, the heart is the main
component of millionaire's salad.
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Veggie burger (or garden burger) uses a meat analogue, a meat
substitute such as tofu, TVP, seitan (wheat gluten), quorn or an assortment of
vegetables, ground up and mashed into patties. In this study, ubod or heart of
palm will be utilized to create a burger patty.
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