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Frequently
Asked Questions |
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What
is SOMBA all about? What are its objectives? |
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SOMBA
stands for School of Management,
Business Accelerator Program. It is a
program under the John Gokongwei School of Management of the Ateneo de
Manila University that:
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What
are the specific expected outcomes of the program? |
By the end of the
program , the students should have:
- Developed their
product idea into a tangible, safe, and real product potentially
acceptable to the market
- Developed and
secured approval for the product's Launch Business Plan.
- Established their
product and company legally.
- Implemented their
Business Plan
- Generated the
projected revenue and profitability within a specified duration of
selling
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What
is the load requirement to be completed? |
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18 units divided into 6
units per term. 2 units academic (for the individual grade) and 4 units
practical (for the team grade) per 6 units. |
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When
is the first course offering? |
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Program is currently
offered during to the last summer prior to Senior Year. |
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What
is the program's basic content (General)? |
| Summer |
Marketing
199 C&D |
Product
Conceptualization,
Product Development |
| 1st
Semester |
Marketing
199 F&G |
Business
Planning,
Establishment of Legalities,
Product Launch |
| 2nd
Semester |
Marketing
199 I&J |
Sales
Growth and Sustenance,
Business as a Going Concern |
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What
other subjects are credited when taking SOMBA? |
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Take LS 125, instead of
LS 126+LS 127; CTK 41 upon discussion |
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How
does SOMBA and JGSOM support its students? |
- The students will
be mentored formally (during class by the SOMBA Faculty) and
informally (via free consultation with the SOMBA Director)
- Space to conduct
business will be provided free of rent and electrical charge. Only
telephone line rental (about 250 pesos per month) will be charged to
the students, and metered usage of the phone per outgoing call.
- SOMBA will
provide all basic electrical, telephone and internet connections, as
well as the Fax Machine and Printer. All other equipment are to be
provided by the Students themselves.
- After graduation,
the Students have the option to continue to occupy the space for a
maximum of 6 months but will be charged rent of about 5,000 pesos
(still much lower than outside rental charges)
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What
should a student prepare prior to enrollment? |
- Be ready with at
least 2-3 product ideas (any ideas from whatever discipline is welcome
for as long as they are unique, innovative or value-adding (if product
exists already))
- Establish your
team. About 4 to 6 members are recommended.
Some
Helpful Tips |
- The
product ideas should be those that each one of you personally like or
believe in, to elicit both each individual's and the team's
full commitment
- The
composition of your team members is critical. Not only should
they be people you get along with, but those whom you believe are
trustworthy, and reliable enough to do the work required
and to coordinate with all of you. They should also be as
passionate as you are with your product ideas and plans, willing to
give the project the same energy level as you do.
- A
multi-disciplinary or heterogeneous team would be advantageous , but
not required. Different points of view , approaches, and
core competencies will benefit a business, especially when each
team member is likely to be assigned to perform either a
financial, administrative, operational, marketing or selling
task
- Strictly
speaking, only one product-idea will be taken up. However
since certain unforeseen developments prevent an idea from reaching
its fruition, it would be good to have 2 other back-up ideas to
cut the time on having to re-think and do preliminary research on the
replacement idea.
- Product
ideas are not confined to products. This could be anything
from food, to a program, a technology, a service, an
ingredient, a drink, a tool etc.
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How
to get in? |
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Please sign up with the
SOMBA Director or with Christine not later than March 1, 2006. |
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Who
can take SOMBA? |
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This Program is not
open only to the JGSOM students but to all Loyola Schools. Although at the
moment, only the SOM students can accommodate the load requirement as
undergraduates. We are currently working with other Courses / Schools to
be able to avail of SOMBA, either as an undergraduate or post-graduate. |
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How
can I get more information about SOMBA? |
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Please come visit the
SOMBA Director at SOM , Room 205 from 9am to 12 noon from Monday to
Friday. |
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May
I have an idea of what kind of products me and my group can develop? |
A few sample of
products developed in SOMBA:
- Ready-to-Drink
Coffee in mineral water bottle
- Insulated
but fashionable Lunch Box
- Freshly canned
Sugar Cane Juice
- Ready to Drink
Whey Protein for Muscle bulking (weight lifters)
- Broadcast text
messaging
- Fish Jerky
- Camote and Soy
Chips
- Bottled Mango
Slices
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