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Business operations refer to activities that businesses engage in daily to increase the value of the enterprise and earn a profit. The activities can be
optimized to generate sufficient revenues to cover expenses and earn a profit for the owners of the business.
Business operations- The most important factors that influence an operation and thus, the final result of business operations is represented by 4Ms:
Manpower, Method, Machine, and Materials (Bao, 2019). The quality of these 4Ms will determine the production of the business.
Every entrepreneur needs to recognize the needs and resources of the business. Failure to supply the required resources might result in
organizational failure.
For a production or manufacturing company to be successful, OM is a major unit that must first stand. Take an oil and gas com pany, for example, the
product has been discharged by ship to the reservoirs to be made available for a large number of customers. OM sees to the effective delivery of the
products; it provides plans and schedules what and how it must be done. With OM, people achieve more, and productivity is increased.
The figure shows the IPO (Input-Process-Output) of a business enterprise. As shown in the figure, the 4Ms (Manpower, Method, Machine, and
Materials) are in the input; in the process is the way these 4Ms are utilized, and the output is the product or service being offered by the organization.
2 Increase in competition
3 Falling sales
4 Uncertainty
5 Globalization
Learning Task 3: HOW DO ENTREPRENEURS REACH THE GOALS WITH REGARDS TO BUSINESS OPERATIONS?
Carefully look at the different pictures of entrepreneurs. What can you say about them? Take a few moments to write down your thoughts. Write
the answer on a separate sheet of paper.
1. 2. 3. Figure 6. https://bit.ly/3sWZ6FZ
Figure 4. http://bit.ly/2OGqIkO Figure 5. http://bit.ly/3eTQvR2
Figure 6. http://bit.ly/30WdKSf
4. 5.
Figure 7. https://bit.ly/3tYWRTP
IV. LEARNING PHASES AND LEARNING ACTIVITIES
V. ASSESSMENT (Time Frame: 15 mins.)
(Learning Activity Sheets for Enrichment, Remediation, or Assessment to be given on Weeks 3 and 6)
Learning Task 4: Concept Mapping on problems encountered during its business operation and its solutions.
Directions: Complete the chart by filling in each box with the required answers. Write the answer on your answer sheet.
Oliver. Peter, Operations Management (Business Success) (Volume 3) 1st Edition. ISBN-13: 978- 1539466437, pp.
76- 80
***PLEASE ANSWER LEARNING TASK 3 IN ASSIMILATION IN A SEPARATE PAPER. SUBMIT YOUR WORK IN
THE GOOGLE CLASSROOM.