Essay on East Orchids

Table of contents

The East Orchids is an orchid farm in the campus grounds of the University of the Philippines in Diliman, Quezon City. It was formally opened on May 31, 1989, by Mr. and Mrs. Max Prieto. East Orchids sold both cut flowers and plants. As a typical with orhidariums, the farm has a 3,000 sq. m. Canopy enclosure of green netting that covering a huge inventory of orchids.

HISTORY

The Prieto’s family was one of the prominent families in Davao, where Mr. Prieto was a former mayor. It was during the term of Mr.

Prieto that his wife Princess became interested in orchids. The decision to breed orchids was very arbitrary and definitely not for the purpose of putting up a business. The East Orchids was started as a hobby of Mrs. Prieto before it was organized as a business. She got curious when her friends were into orchids. She bought a couple and decided to try to take care of them just for fun until she became obsessed with them. She treated the orchids like her babies that she felt that she just had to take care of them. Mrs. Prieto’s orchid collection grew.

Soon, the orchids filled the entire garden and were running over into their driveway and some of them had to place outside the house. Soon, neigbors and nearby flower shops were offering to buy cut flowers from her. At first, she simply gave the flowers but as the offer increased she began selling these. It was when the orchids alarmed to take over every living space in the home of family Prietos that Mrs. Prieto decided to sell the whole plants. Because of enormous money was coming into their way, they started to think about orchids as a business.

In 1989, when the Prieto’s family moved to Manila due to Mr. Prieto’s commitment, they also made up their minds to lease 5,000 sq. m. of land from University of the Philippines at the lease price of P12,000. 00 a year. They invested to clear up the land which was originally the garbage dump and for the net enclosure and putting other facilities to start their business.

OBJECTIVE

The Prieto’s family is planning for the expansion of their orchid farm in either Davao or Los Banos and Antipolo. The goal of this case is to determine if the East Orchids has the capabilities to exploit such opportunities.

S. W. O. T. ANALYSIS

The strengths the EAST ORCHIDS

  • The price is a bit lower than other competitors which will attract more customers to buy on them.
  • The overhead expenses are much lower
  • The location is very accessible

The weaknesses of the EAST ORCHIDS

  • No internal control in the business and the owner has no management background
  • The owner is lenient in financial aspects of the business
  • No business plan was made before starting the Orchids farm, just started out as the hobby.
  • The workers are not well-trained

The opportunities of the EAST ORCHIDS

  • The East Orchids has the greater chance to expand if just to have proper management and new technologies and skills to improve the cultivation of orchids at minimal cost
  • It can compete to others because of low prices
  • The orchids are saleable even the onset of the rainy season doesn’t seem to threaten a reductions in sales

The threats of the EAST ORCHIDS

  • The workers might hike because they are not-well compensated
  • There are no new technologies in improving the orchids growing
  • The approaching termination of the lease contract to University of the Philippines.

COURSE OF ALTERNATIVE TO DETERMINE THE OBJECTIVES

Training program and study for the expansion of orchid farms. The owner should broaden her knowledge in cultivating the orchids though she already had personal experience in raising the orchids. The owner should attend proper training in order to cut costs and know some new technologies to improve her orchid’s farm. And also she should study on how to run a business and have basic accounting knowledge. She should know the operations of her business and focus on the financial aspects.

  • If she will attend the training and seminars regarding orchids business it will be expensive and time consuming on her part.

Hire an expert or managerIn expanding the East Orchids, it should have a manager, who is knowledgeable about orchids business and have a management background, to help the owner in managing the business because it is already a big business to handle by an owner who has no formal training on orchid growing and business management. Additional employee which may ask for a high salary and the owner has no control to run the business all by herself because has to consider the opinion of the manager first.

  • Evaluating the operations of the business and make a business plan for expansion

To determine business plan will make a business success. The owner should evaluate first the business operation if it is doing well and know what should have to do to meet the goal. In determining the financial aspects of the business the owner will see the capabilities of the company to expand or not. It will hold back the expansion due to procedure in evaluating and making a business plan and also it will be expensive

RECOMMENDATIONS

Alternative no. , there should be proper evaluation of the financial statements of the East Orchids to determine the cash position and the results of the operations. And SWOT analysis should be taken into consideration so that Mrs. Prieto should understand her business she would know what these are and how to improve such weaknesses and how to combat the threats on her business.

CONCLUSIONS

Some additional questions that must be taken into consideration that might help in expanding their business are:

Is East Orchids really a profitable enterprise? If it is so, do the margins justify the company’s existence?

If not, what justifies the company’s existence?

The East Orchids should so something about their business operation and what strategies to be apply for them to boost their revenues.

  • How is Mrs. Prieto, who is not a trained orchid or businesswoman, able to compete with established orchid growers?

Mrs. Prieto has interest, skills and talents in growing business and she is able compete in the sense that she has this marketing strategy of lower prices which attracts the customers to buy orchids to East Orchids.

  • Should the Prietos push through with their plans to expand their business?
  • Would such expansion compatible with the Mrs. Prieto’s current method of managing the business?

I think the Prietos should hold back first their plans to expand their business until they see the problem with their business. Mrs Prieto’s current method of managing the business is not compatible if they will expand because it will require proper accounting system and competent manager who knows the orchid farms operation.

  • Is she a true entrepreneur?

Mrs. Prieto is not a true entrepreneur although she has interest and skills in growing orchids but her attitude does not illustrate being a true entrepreneur.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Psychology
Thank you!
Customer 452545, February 6th, 2021
Criminal Justice
The paper was not accused of plagiarism and was written very well. I will let you know the grade once it is graded. Thank you
Customer 452671, April 26th, 2021
Philosophy
Thank you
Customer 452811, February 17th, 2024
Business and administrative studies
great job as always
Customer 452773, February 26th, 2023
Business and administrative studies
Thank you
Customer 452773, March 19th, 2023
Social Work and Human Services
Great work I would love to continue working with this writer thought out the 11 week course.
Customer 452667, May 30th, 2021
Business and administrative studies
excellent job! got an A, thank you
Customer 452773, May 24th, 2023
Sociology
THANK YOUUUUU
Customer 452591, March 18th, 2021
BUSINESS LAW
excellent job made a 93
Customer 452773, March 22nd, 2023
Business and administrative studies
excellent work
Customer 452773, March 9th, 2023
LEADERSHIP
excellent job
Customer 452773, August 12th, 2023
Leadership Studies
awesome work as always
Customer 452773, August 19th, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Close

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp