Thursday, October 29, 2009

SEC Questionnaire

SEC Questionnaire

Purpose: By completing the SEC questionnaire you use discipline and logical thought to lay out your vision and plans for a successful SEC project.

Responsibility:  It is the responsibility to of each SEC President to get this information.  The SEC President can delegate[1] responsibility as he or she sees fit. 

General:

1.     School name?

Answer:

2.     How many members are in the SEC?

Answer:

3.     What are the leadership positions and which students occupy them?  (i.e. Paul Mukasa – SEC President)

Answer:

Social Impact:

1.     What is the social mission of the SEC?   (What is the positive impact you want to see in the community?)

Answer:

2.     Why did you choose this SEC project?

Answer:

3.     What other community problems might you want to address in the future?

Answer:

Business Model:

1.     What is the business? (i.e. growing tomatoes)

Answer:

2.     Why did you select this business?

Answer:

3.     What are your competitive advantages[2], if any?

Answer:

4.     What is the economic mission of this project?  (i.e. to sell tomatoes to the school at a cheaper price than the vendors[3] in town.  Profit will be invested into the SEC and the SEC’s social mission).

Answer:

Target Market Analysis:

1.     Target markets:

a.     What is the size of the market you are targeting (i.e. since you cannot sell to ALL tomato consumers[4] – which specific tomato consumers are you targeting?)

Answer:

b.     Who are the major customer groups?  (i.e. individuals, businesses, students)

Answer:

c.      Who is currently filling this need, if anyone?  (i.e. are there many other tomato vendors?)

Answer:

d.     Should you try to make your target market bigger?  If so, how?

Answer:

e.     Do you think there will be any changes within your target market?  (i.e. will people stop eating tomatoes and start eating avocados?)

Answer:

2.     Competition:

a.     Who are your main competitors?

Answer:

b.     What are their advantages? 

Answer:

c.      What are their weaknesses?

Answer:

d.     What are your challenges to entering this business?  (i.e. if you enter the tomato-selling business all vendors will collude[5] and drop prices to a point whereby its not profitable for the SEC to make money)

Answer:

Price:

1.     What is the price for your products?

Answer:

2.     How did you arrive at that price?

Answer:

3.     Is your product a high volume[6] / low margin[7] product – or – a low volume / high margin product?

Answer:

4.     Is there anything you can do to make your product / service more lucrative / profitable?

Answer:

Marketing and Sales Activities:

1.     Overall marketing strategy[8]?  (i.e. How will you introduce your goods / services to your target market?)

Answer:

2.     Sales force - who will sell your product or service?

Answer:

Operations:

1.     Operating competitive advantages?:

a.     Techniques[9]?

Answer:

b.     Experience?

Answer:

c.      Labour?

Answer:

2.     What are your distribution channels?  (i.e. how will you physically bring your good / service to your customers?)

Answer:

3.     Suppliers:

a.     Who will give your organization the necessary equipment (tools, resources) to implement your project?

Answer:

b.     Can you find cheaper suppliers?

Answer:

Funding Requirements and Their Uses:

1.     Initial funding requirements (“start-up” capital):

a.     Amount?

Answer:

b.     Uses?

Answer:

c.      Timing?  (i.e. when are these funds needed?)

Answer:

d.     How are you currently funding your project?

Answer:

e.     How close are you to reaching your goals?

Answer:

2.     Ongoing funding requirements:

a.     Amount?

Answer:

b.     Uses?

Answer:

c.      Timing?  (i.e. when are these funds needed?)

Answer:

d.     How are you currently funding your project?

Answer:

Resource Mapping:

1.     What are the resources available to your SEC?  (i.e. labor, land, school / community support, distribution channels)

Answer: 

2.     What are the resources available to your school that give you a sustainable competitive advantage?  (i.e. Sir Tito Winyi, a secondary school in Hoima, is situated on over 300 acres of farmable land, much of which is not being used for agricultural purposes.)

Answer:

Thank You!


[1] Delegate - To commit or entrust to another person.

[2] Competitive Advantage -  A condition that allows a company to operate in a more efficient or more profitable manner than its competitors.

[3] Vendor - A person or group that sells products and services for a profit.

[4] Footnote - A person or organization that used products or services.

[5] Collude - To work together in a fraudulent / unethical manner.

[6] Volume - A quantity or amount.

[7] Margin - The difference between the cost and the selling price.

[8] Strategy - A plan, method, or series of actions for obtaining a specific goal or result.

[9] Technique - A method for accomplishing a goal.

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