Manreco Activity

MANRECO 026, Warren Buffet
A.
1.
When Buffett was a teenager, he discovered a book on investing, which ignited his interest in the
subject. He started researching the stock market very carefully because he was attracted by the thought
of generating money from it. He continued to study and hone his investment strategies as he got older,
finally emerging as one of history's biggest and most successful investors. His inherent ability to spot
undervalued businesses and his drive to build riches for himself and others were what drove him to
follow this career. He viewed investment to promote businesses that were doing good deeds while
simultaneously making money and contributing to society. Buffett's success is proof of the value of a
strong work ethic, discipline, and market expertise. Future generations of investors who want to leave
their imprint on the world will continue to be motivated by his legacy.
2.
Berkshire Hathaway, a manufacturer of textiles, was one of early investments made by Warren
Buffett. When the business was having trouble, Buffett saw a chance to turn things around. He made
significant investments in the business but soon realized that he concluded that his original research was
flawed as the textile industry declining. Despite this failure, Buffett discovered a crucial investment
lesson: always perform comprehensive study on a company prior investing. He switched his attention
away from textiles and onto different industries, eventually making Berkshire Hathaway one of the most
profitable corporations in the world. He learned through this experience that investing is about more
than simply identifying victors; it is also about having patience, being disciplined, and being prepared to
make errors in order to improve.
3.
The worlds of investing and business have been greatly influenced by Warren Buffet's personal life
and principles. There are many important lessons to be learned as a student from his way of living and
working. Buffett is renowned for his thriftiness, straightforwardness, and long-term outlook. Instead of
focusing on quick profits, he prefers to invest in businesses with solid foundations and a track record. He
also stresses how crucial it is to do business with honesty, ethics, and openness. Buffett has promised to
contribute the bulk of his money to charity organizations, which has made his philanthropic activities
prominent. His dedication to helping others serves as a reminder that success involves more than simply
amassing money; it also involves having a beneficial influence on society. As we start our careers as
students, we may learn from Buffett's example that putting long-term thinking, ethical behavior, and
community service first helps us focus on the big picture and steer clear of short-term thinking, which
frequently results in bad decision-making.
B.
An Ice Factory Business powered by solar panels can be a very successful business venture in the
Philippines for several reasons.
Firstly, the Philippines is a tropical country with high temperatures and humidity levels, making ice a
crucial commodity in various industries such as food, beverage, and healthcare. The demand for ice is
particularly high in the summer months when temperatures can reach over 30°C. Hence, an ice factory
that can supply ice consistently and reliably will always have a steady stream of customers.
Secondly, the Philippines is also a country that experiences frequent power outages, particularly in rural
areas. Solar panels can provide a reliable source of electricity even in remote locations, ensuring that the
ice-making process is not disrupted, and the supply of ice is not interrupted.
Thirdly, the use of solar panels as an electricity source can significantly reduce operational costs. The
cost of electricity in the Philippines is relatively high, and using solar panels can reduce or eliminate the
need for grid electricity, resulting in significant savings for the business.
In terms of pursuing this business, there are several reasons why it can be a worthwhile endeavor.
Firstly, it is a sustainable business model that aligns with the global movement towards renewable
energy. Secondly, it is a scalable business that can be expanded by adding more solar panels and ice-
making equipment to meet the growing demand for ice. Lastly, the ice factory can serve as a community
hub, providing job opportunities and economic development in the local area.
In conclusion, an ice factory powered by solar panels is a business idea that has the potential to be very
successful in the Philippines. The high demand for ice, frequent power outages, and potential cost
savings make it an attractive business proposition. Pursuing this business can also contribute to
sustainable development, economic growth, and job creation in the local community.
Table Matrix
SOLAR-POWERED ICE FACTORY TRADITIONAL ICE FACTORY
Lower electricity cost High electricity costs
Use of renewable energy sources Dependence on fossil fuels
Low carbon emissions High carbon emissions
Access to electricity in remote areas Limited access to electricity in rural areas
STAKEHOLDERS SHAREHOLDERS
1. Customers who purchase ice from the 1. Business owner(s)
factory
2. Employees who work at the ice 2. Investors who provide capital for the
factory business
3. Suppliers who provide materials and 3. Partners or collaborators who provide

equipment to the factory support or expertise
4. Government agencies that regulate the 4. Banks or financial institutions that

industry and provide permits provide loans or financial services
5. Local communities who may be 5. Stockholders who own shares in the

affected by the business operations company

Manreco Activity

Uploaded by

Copyright:

Available Formats

Manreco Activity

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Manreco Activity

Uploaded by

Copyright:

Available Formats

MANRECO 026, Warren Buffet

3. Suppliers who provide materials and 3. Partners or collaborators who provide

4. Government agencies that regulate the 4. Banks or financial institutions that

5. Local communities who may be 5. Stockholders who own shares in the

You might also like