Scribd Logo
Upload

Welcome to Scribd!

  • ENTREPRENUER

    Uploaded by

    Prince Harvey S. Sianoya
    4 views2 pages
    This document discusses key concepts for starting and running a business, including the 4 M's of production, fixed and variable expenses, revenue forecasting, prototyping, supply chain management, and Porter's value chain model. It explains that materials, machines, manpower, and methods are essential for production. It also outlines the importance of understanding expenses, revenues, economic conditions, competitors, and customer needs to accurately forecast revenues. The supply chain incorporates integration, information sharing, procurement, production, distribution, customer services, and performance analysis. Finally, Porter's value chain identifies a firm's infrastructure, human resources, technology, and support systems as important for overall business activities.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses key concepts for starting and running a business, including the 4 M's of production, fixed and variable expenses, revenue forecasting, prototyping, supply chain management, and Porter's value chain model. It explains that materials, machines, manpower, and methods are essential for production. It also outlines the importance of understanding expenses, revenues, economic conditions, competitors, and customer needs to accurately forecast revenues. The supply chain incorporates integration, information sharing, procurement, production, distribution, customer services, and performance analysis. Finally, Porter's value chain identifies a firm's infrastructure, human resources, technology, and support systems as important for overall business activities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views2 pages

    ENTREPRENUER

    Uploaded by

    Prince Harvey S. Sianoya
    This document discusses key concepts for starting and running a business, including the 4 M's of production, fixed and variable expenses, revenue forecasting, prototyping, supply chain management, and Porter's value chain model. It explains that materials, machines, manpower, and methods are essential for production. It also outlines the importance of understanding expenses, revenues, economic conditions, competitors, and customer needs to accurately forecast revenues. The supply chain incorporates integration, information sharing, procurement, production, distribution, customer services, and performance analysis. Finally, Porter's value chain identifies a firm's infrastructure, human resources, technology, and support systems as important for overall business activities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Mark up- amount added to the cost 4 M’s of PRODUCTION

    price to determine the selling price


    1. MATERIALS
    Revenue- total amount of income 2. MACHINES- these are the tools that are
    generated by the sale of goods or services needed in production. Helps the individual to
    related to the company’s primary operations keep the job easily
    3. MANPOWER (human)-
    Fixed expenses- does not change 4. METHOD (PROCEDURES, STEP-BY-STEP
    - these are the expenses will be PROCESS)- it is a work or procedure and
    the same no matter what your production is or operation method for manufacturing products.
    how much you sell 1. Preparing of raw materials
    2.
    Variable expenses- these expenses are related
    to how much you produce or sell PROTOTYPE- created the same or similar with
    - varies proportionally if the full descriptions of the product or a three-
    production level change dimensional version of your vision (purpose is
    to have an actual output so it can still be
    REVENUE FORECAST- is an educated prediction developed, improved if we have still changes
    or estimation for the upcoming year about how about the product.)
    much money your company is likely to bring.
    We can not make estimates if we do not have ADVANTAGES:
    experience. -It enables you to test and refine the
    functionality of your design
    FORECASTING REVENUES of the BUSINESS -It makes it possible to test the
    1. The expenses of the business. performance of the various materials
    A. ) fixed expenses -it will help you describe your product
    B. ) variable expenses more effectively
    2. The economic condition of the country -it will encourage others to take you
    - we have to consider the environment more seriously
    3. The competing businesses or competitors
    - all products or business are competitors POTENTIAL SUPPLIERS OF RAW MATERIALS
    because their product can be their alternatives
    Satisfaction, price, quality and needs are the SUPPLY CHAIN
    four factors that makes the product to be Will help students to navigate
    bought -
    4. Changes happening in the community
    5. The internal aspect of the business The following activities are included in the
    -forecasting is affected supply chain:
    INTEGRATION-
    SHARING OF INFORMATION
    FORMULAE DEVELOPMENT OF PRODUCT
    Mark-up price = cost x desired mark up PROCUREMENT-paano kayo bumibili and when
    percentage do you usually purchase the raw materials?
    PRODUCTION-
    Selling price = cost + mark up DISTRIBUTION- dapat sinasabi natin ang process
    ng pag distribute ng product. Just identify the
    Revenue = quantity x selling price distribution process you have in your business
    SERVICES TO CUSTOMER-
    PERFORMANCE ANALYSIS-

    VALUE CHAIN
    -we give importance to the feedbacks
    -refers to ther range of activities thatb
    adds values customers give feedback, we
    innovate, we develop the product
    According to Michael Porter

    PORTER’S VALUE CHAIN

    1.) FIRM INFRASTRUCTURE- appearance


    2.) HUMAN RESOURCE MANAGEMENT-these
    are the people in the organization, are the
    employees that has the complete knowledge of
    the product.
    3.) TECHNOLOGY- these are the machineries.
    You create schedule
    PROCUREMENT
    SUPPORT SYSTEM OF THE ENTIRE ACTIVITIES
    -inbound logistics
    -

    You might also like