is very important for a service or product to be effective and efficient and also it can

significantly affect profitability in any kind of organisation: small or large, manufacture

or service, public or private, profit or not-for-profit.
The 4Ms of Operations This refers to the workforce, whom will help a business to
produce more products. An entrepreneur needs to hire good and competent people to
produce quality products.
https://prezi.com/p/sh0af2m5a51h/the-4ms-of-operations/

Describe the 4Ms (Manpower, Method, Machine, Materials) of operations in relation to

the business opportunity: Give at least 5 positive effects of applying 4 Ms of production
using the fish structure below

The 4Ms of operation in relations to business opportunity means that

the four critical domains, usually attributed to manufacturing, those are:
man, machine, material and method work together. These four critical
domains are also applicable to business opportunities since business is in
essence tied to manufacturing as well. When putting up a business,
manpower is critical as well as the other elements. The businessman must
take all of those into account. Let us look at each one in detail.
Method - refers to the system and step by step process in the business.
Without a scalable process, it would be difficult to expand the business. This
means that the methods used in the main branch must be documented and
must be replicated as well in other branches. If it is difficult to implement at
another site, find what needs to be improved.  
Manpower - this is the worker. When setting up a business, finding honest
and capable people is always a challenge. In my experience, people can be
honest but may not be capable or competent and some are capable but not
honest. It is a rare find to find someone with all the ideal qualities. So for a
businessman, they must be able to treasure their employees who are both
capable and honest as they are integral to the growth of the business
Materials - sourcing raw materials is critical in any business endeavor as the
businessman would want to have the cheapest possible at the highest quality.
Machines - machinery is also important. Without the proper equipment, you
will not be able to perform the needed tasks efficiently. You may be able to
use the manpower to do it but it is usually more efficient if machines are able
to automate the work.
Running a business is a complex process and all of these elements
interplay. It is not just one machine for example but many. Manpower issues
could also arise, which would challenge the method that has been set up. It is
up to the businessman to identify and solve these issues.