Professional Documents
Culture Documents
By the end of this Chapter, the students will be able to do the following:
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.
Machines(Equipment)- 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.
Material (Information, Raw Materials, Consumables, Quality)- sourcing raw materials are critical
in any business endeavor as the businessman would want to have the cheapest possible at the
highest quality.
Method (Process, Schedule, Procedure)- 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.
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. Exploring
these 4Ms provides us with a structured framework for root cause analysis by helping us to
understand how each one may have contributed to a particular issue.
Source: https://brainly.ph/
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RIZAL SPECIAL EDUCATION LEARNING CENTER, INC.
Member, Association of LASSSAI-Accredited Superschools
Owned and Management by The Rizal Memorial Colleges, Inc.
Pardo de Tavera St., Davao City
Tel. No: 244-1301/222-4028
APP2- ENTREPRENUERSHIP- WEEK 9
Exercise 13.1
Critical Thinking
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4. Is 4ms important in operating business or company? Yes, or no? justify your answer
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Due Date:
PERFORMANCE TASK 2
December 10, 2021
TASK INSTRUCTIONS:
1. The students are tasked to craft their own business position statement based on their proposed
business, which was already identified in the previous unit performance task (business plan outline).
2. The group will have to make a table containing the four major components of a
business position statement.
3. Following the output they made in the table, the students will craft a business position statement that
will thereafter be submitted to the teacher.
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evident.
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evident that evident that the evident that the evident that
the students students exhibit students exhibit the students
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and contributions.
contributions.
Initiative and No evidence The students The students The students 5%
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students monitor one's monitor one's monitor one's
monitor one's own own own
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and opportunities gain expertise. to gain
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to gain expertise.
expertise.
Total 100%