Conducting regular business environment analysis

Oct 13, 2025 by vinooalluri.com 18 views

Operational Excellence for Innovative and Purposeful Business: A Student Study of Independent Project at PT Paragon Technology and Innovation to Create a Business Plan for Baby Skincare

Introduction

In today's fast-paced and competitive business landscape, companies are constantly seeking innovative and sustainable ways to stay ahead of the curve. One such approach is operational excellence, which involves optimizing business processes to achieve maximum efficiency and effectiveness. In this article, we will discuss the results of an independent study conducted by students at PT Paragon Technology and Innovation, with a focus on developing a business plan for innovative and sustainable baby care products.

Towards a Sustainable Baby Business: Independent Study at PT Paragon Technology and Innovation

This study used a descriptive method of analysis with a qualitative approach, combining primary and secondary data. The final project of this study was realized in the form of Amore's Amore Rich Cream's business plan, a baby care product that utilizes natural and innovative ingredients. The advantage of Amore Natural Rich Cream lies in the use of leuconostoc fermentation as a substitute for paraben, which is the first step in presenting bio-representatives in Indonesia.

Strategic Human Resource Management

In building Amore Natural Rich Cream, this study implements an effective human resource management strategy. Through labor planning, the Study Team analyzes the workforce needs based on the qualifications and the amount needed to operate the business according to plan. This approach ensures that the company has the right people with the right skills to execute the business plan effectively.

Strategic Leadership with Pestel and Porter Five Forces Analysis

The importance of business environment analysis is the main focus in this study. Students apply Pestel analysis to map political, economic, social, technological, environmental, and law factors that can affect the business. In addition, Porter Five Forces analysis is used to assess the strength of competition in the baby care industry. This approach helps the company to understand the external factors that can impact the business and make informed decisions accordingly.

Structured Supply Chain Management

This study implements the concept of structured supply chain management with a focus on six stages: planning, procurement, production, shipping, storage, and customers. In addition, the analysis of production demand and planning is also carried out to ensure the smooth running of business. This approach ensures that the company has a well-structured supply chain that can meet the demands of the business.

Promising Investment Analysis

The financial aspects in this business plan are examined through investment analysis. The results of the analysis show that this business requires initial investment as a working capital which is entirely borne by PT Paragon Technology and Innovation. Analysis shows positive results:

Discounted Payback Period (DPP): 2 years 5 months, faster than a maximum target of 4 years. Net Present Value (NPV): Rp3,358,277,304, shows a positive investment value. Internal Rate of Return (IRR): 25%, greater than the required interest rate (15%). Profitability Index (PI): greater than 1 (Pi> 1), signifying high profitability.

Based on the results of this investment analysis, it can be concluded that the Amore Natural Rich Cream business plan has the potential to be profitable if implemented.

Conclusion

This independent study contributes significantly in developing Amore Natural Rich Cream's Amore's business plan. By combining operational aspects, human resources, strategic leadership, supply chain management, and comprehensive financial analysis, this study shows that the innovative and sustainable baby care business can be a promising choice. It is essential to remember that business success also depends on external factors and market dynamics. However, with careful planning and directed strategy, Amore Natural Rich Cream has great potential to achieve success in the baby care industry.

Recommendations

Based on the findings of this study, the following recommendations are made:

PT Paragon Technology and Innovation should consider implementing the business plan for Amore Natural Rich Cream, as it has the potential to be profitable.
The company should focus on developing a well-structured supply chain that can meet the demands of the business.
The company should also consider investing in human resource development to ensure that the company has the right people with the right skills to execute the business plan effectively.
The company should conduct regular business environment analysis to understand the external factors that can impact the business and make informed decisions accordingly.

Limitations of the Study

This study has several limitations, including:

The study was conducted by students and may not reflect the actual business environment.
The study was limited to a specific product, Amore Natural Rich Cream, and may not be applicable to other products.
The study did not consider the external factors that can impact the business, such as market dynamics and competition.

Future Research Directions

Future research should focus on:

Conducting a comprehensive business environment analysis to understand the external factors that can impact the business.
Developing a well-structured supply chain that can meet the demands of the business.
Investing in human resource development to ensure that the company has the right people with the right skills to execute the business plan effectively.
Conducting regular investment analysis to ensure that the business is profitable.

By following these recommendations and future research directions, PT Paragon Technology and Innovation can develop a successful business plan for Amore Natural Rich Cream and achieve success in the baby care industry.
Operational Excellence for Innovative and Purposeful Business: A Student Study of Independent Project at PT Paragon Technology and Innovation to Create a Business Plan for Baby Skincare

Q&A: Operational Excellence for Innovative and Purposeful Business

In this article, we will answer some of the most frequently asked questions about operational excellence for innovative and purposeful business.

Q: What is operational excellence?

A: Operational excellence refers to the ability of a company to optimize its business processes to achieve maximum efficiency and effectiveness. It involves identifying and eliminating waste, improving quality, and reducing costs.

Q: Why is operational excellence important for business?

A: Operational excellence is essential for business because it helps companies to achieve their goals and objectives more efficiently and effectively. It also helps companies to reduce costs, improve quality, and increase customer satisfaction.

Q: What are the key components of operational excellence?

A: The key components of operational excellence include:

Strategic planning: This involves developing a clear and concise business strategy that aligns with the company's goals and objectives.
Human resource management: This involves developing a well-trained and motivated workforce that can execute the business plan effectively.
Supply chain management: This involves developing a well-structured supply chain that can meet the demands of the business.
Financial management: This involves developing a comprehensive financial plan that ensures the company has the necessary resources to execute the business plan.

Q: How can companies achieve operational excellence?

A: Companies can achieve operational excellence by:

Conducting regular business environment analysis: This involves understanding the external factors that can impact the business and making informed decisions accordingly.
Developing a well-structured supply chain: This involves developing a supply chain that can meet the demands of the business.
Investing in human resource development: This involves developing a well-trained and motivated workforce that can execute the business plan effectively.
Conducting regular investment analysis: This involves ensuring that the business is profitable and making adjustments accordingly.

Q: What are the benefits of operational excellence?

A: The benefits of operational excellence include:

Improved efficiency and effectiveness: Operational excellence helps companies to achieve their goals and objectives more efficiently and effectively.
Reduced costs: Operational excellence helps companies to reduce costs by eliminating waste and improving quality.
Increased customer satisfaction: Operational excellence helps companies to improve customer satisfaction by providing high-quality products and services.
Increased profitability: Operational excellence helps companies to increase profitability by reducing costs and improving efficiency.

Q: What are the challenges of operational excellence?

A: The challenges of operational excellence include:

Resistance to change: Some employees may resist changes to business processes and may require training and support to adapt to new processes.
Lack of resources: Companies may lack the necessary resources to implement operational excellence, such as funding or personnel.
Complexity: Operational excellence can be complex to implement, especially in large and complex organizations.
Measuring success: It can be challenging to measure the success of operational excellence initiatives, especially if they are not well-defined or measurable.

Q: How can companies measure the success of operational excellence initiatives?

A: Companies can measure the success of operational excellence initiatives by:

Tracking key performance indicators (KPIs): This involves tracking metrics such as efficiency, effectiveness, cost reduction, and customer satisfaction.
Conducting regular audits: This involves conducting regular audits to ensure that business processes are being followed and that operational excellence initiatives are being implemented effectively.
Gathering feedback: This involves gathering feedback from employees, customers, and other stakeholders to understand their perceptions of the company's operational excellence initiatives.
Conducting regular reviews: This involves conducting regular reviews to assess the effectiveness of operational excellence initiatives and make adjustments accordingly.

By following these best practices and answering these frequently asked questions, companies can achieve operational excellence and achieve their goals and objectives more efficiently and effectively.