Business Enterprise Simulation

Quarter 3 - Module 5:
Preparation of a Strategic Plan:
Lesson 3 - Management Study
 What I Need to Know

This module was designed and written with you in mind. It is here to help you
master the crafting of Enterprise Business Plan. The scope of this module permits it to
be used in many different learning situations. The language used recognizes the diverse
vocabulary level of students. The lessons are arranged to follow the standard sequence
of the course. But the order in which you read them can be changed to correspond with
the textbook you are now using.

This Module 5 titled “Preparation of a Strategic Plan” is divided into three lessons,
namely:

 Lesson 1 – Strategic Planning

 Lesson 2 – Environmental Analysis
 Lesson 3 – Management Study

After going through this module, you are expected to:

1. prepare a strategic plan outlining the competitive environment;

2. prepare a strategic plan focusing on the appropriate competition strategy;
3. conduct an environmental analysis; and
4. conduct a management study

What I
Know

Multiple Choice. Encircle the letter of the correct answer.

1. exist because people working together can achieve more than a
person working alone.

A. Enterprise C. Organization
B. Business Venture D. Marketplace
2. This section should not only describe who's on the management team but how
each person's skill set will contribute to the organizational goals and objectives.
A. Management Planning C. Strategic Planning
B. Market Planning D. Financial Planning
3. The Enterprise Business Plan section that includes business name registration
A. Enterprise study
C. Management study
B. Financial study
D. Marketing study
2
 4. It is a form of business operation that declares the business as a separate, legal
entity guided by a group of officers known as the board of directors
A. Sole Proprietorship C. Limited-liability company
B. Business partnership D. Corporation
5. These companies are hybrid entities that combine the characteristics of a
corporation with those of a partnership or sole proprietorship.
A. Sole Proprietorship C. Limited-liability company
B. Business partnership D. Corporation
6. Organizations exist because people can achieve more than a
person working alone.
A. Eating together C. Working together
B. Standing together D. Sitting together
7. Management study section should not only describe who's on the management
team but how each set will contribute to the organizational
goals and objectives.
A. Person’s skill C. Person’s personality
B. Person’s attitude D. Person’s characteristics
8. Management study is the Enterprise Business Plan section that includes
.
A. Income statement
C. Organizational chart
B. Projected volume
D. Start-up Expenses
9. It is a form of business operation that declares the business as a separate, legal
entity guided by a group of officers known as the board of directors
A. Sole Proprietorship C. Limited-liability company
B. Business partnership D. Corporation
10. These companies are hybrid entities that combine the characteristics of a
corporation with those of a partnership or sole proprietorship.
A. Sole Proprietorship C. Limited-liability company
B. Business partnership D. Corporation
11. The first step in building an investor-ready personnel plan is:
A. Describe the organizational structure
B. Describe the team
C. Explain the gaps
D. Forecast personnel cost
12. These three group of individuals can play a key role in setting business strategy
namely, EXCEPT;
A. Advisors
B. Board members
C. Consultants
D. Shareholders

3
 13. In explaining the gap within the hired personnel from a certain period from start-
up you need to figure out the following, EXCEPT;
A. Who you need to hire
B. When you need to hire them
C. What are your plans to correct problems
D. Explain where your team is strong
14. In forecasting personnel cost, you must include the following expenses, EXCEPT;
A. Salaries and wages
B. Benefits like SSS, Philhealth and Pag-ibig Fund
C. Taxes
D. Representation
15. The 'management study section' describes the following, EXCEPT;
A. management team
B. staff and resources
C. how the business ownership is structured
D. target market

Hooray! You have completed

the Pre-Assessment Test. Now,
let us get ready for the
activities as we review your
previous lessons.

Lesson
Management Study
3

As you proceed to this module, you will understand the third section of an
enterprise business plan. Do you see yourself managing your own dream business? If
given such opportunity to do so, how are you going to accomplish it

A management plan describes how an organization or business is run. The

'management study section' describes the management team, staff, resources, and how
the business ownership is structured; not only describe who's on the management team
but how each person's skill set will contribute to the organizational goals and objectives.

4
 Let us recall and freshen up your
memory by identifying the strengths,

weaknesses, opportunities and

What’s In threats that surround your business.
Grab a pen and let’s begin!

Let us recall back and freshen up your thinking by doing a SWOT analysis of your
dream business based on our previous lesson.
SWOT ANALYSIS

Strengths Weaknesses

Opportunities Threats

5
 Have you ever wondered how
an organizational chart was

made? Let’s try to elevate your

What’s New planning skills by filling out the
table below. Grab a pen and
let’s begin!

RAISE YOUR LEVEL OF MANAGEMENT SKILLS

If you are managing your own business, therefore there are people under you.
Let’s try to identify the people in your business and their role and responsibilities. Put
inside the box the name of the person you wish to employ.

Owner/Manager

Elisha Mae Laquindanum

Cashier Sales Clerk 1 Sales Clerk 2

What is It

MANAGEMENT STUDY
Enterprise Business Plan

As you can see on your Organizational chart, being an owner of a business is an advantage,
it can make you the manager of your own organization.
In your previous lesson, we have learned that in order to manage a dream business, you
need to hire people who will help you run the business. In so doing, do you know that you
are already forming an organization, particularly a business organization. In the formation
of an organization, you need personnel. Would you like to become a best manager for your
organization? If so, you must know first the 5 Key steps in building an investor-ready
personnel plan.
And that’s not all, you must know also what are the basic forms of business organization,
as well as the additional types.
Have I enlightened you somehow of what’s waiting for you in this lesson 3 of module 5? Let’s
now take a peek of all of these.
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ORGANIZATION

PERSONNEL PLAN
Personnel Salaries Skills Roles Responsibilities
and
Benefits
Cashier ₱ 6,000 Must know To receive Responsible for
manual and give the cashiering
computations exact system
SHS graduate change to
customers
Sales Clerk 1 ₱ 4,500 Must know To assist Responsible for
how to be customer’s the customer’s
charming with needs care
customers SHS
graduate
Owner/Manager ₱ 9,000 To Responsible for
purchase the whole
all operation of the
supplies store
needed
To oversee
inventory
system
Employee Benefits ₱ 300

5 KEY STEPS TO AN INVESTOR-READY PERSONNEL PLAN

Describe
the team

Describe
Forecast the
personne organizati
l cost INVESTOR- onal
READY structure
PERSONNEL
PLAN

List advisors,
consultants Explain
and board the gaps
members

7
BASIC FORMS OF BUSINESS ORGANIZATIONS

Hey buddy! More activities

are waiting for you. It’s okay
What’s More to take a break, but only for
a while. Then go back to
learning. Ready?

8
Analyze carefully those ideas that can be interchange with your own ideas of the dream
business venture you have in mind by filling the blanks. Copy the activities below in your
paper and fill out the blanks with necessary data from your business.

MANAGEMENT PLANS
Independent Activity 1: Crafting the Management Study
Elisha Mae A. Laquindanum having an extensive experience in finance and administrative
aspect of a business shall handle the part, as for the part of management and marketing
it will be tasked to staff, she will be hiring and trained. The company intends to hire
and to handle and

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Independent Activity 2: Crafting the Personnel Plan
As the personnel plan shows, expects to
make in .

Personnel
Personnel Plan Skills Roles Responsibilities

Cashier Must know To receive Responsible for

manual and give the cashiering
computations exact system
SHS change to
graduate customers

Total People

Total Payroll

Enterprise Form
The enterprise is owned by taking the form.
Independent Activity 4: Describing the 5 Key steps of an Investor-ready Personnel
Plan. Write your description below the steps in a separate sheet of paper.

Describe the team

it shall be composed of 3
personnel; the owner who
act as manager, 1 cashier
and 1 sales clerk

Describe the
Forecast personnel
organizational
cost structure

INVESTOR-READY
PERSONNEL PLAN

List advisors, consultants

Explain the gaps
and board members

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Independent Activity 5: Filling out of the Organizational Chart

Elisha Mae Laquindanum

Owner/Proprietor

Name
Cashier

Name
Sales Clerk 1

Independent Activity 6: Crafting of the Personnel Duties and Responsibilities in the

Business
POSITIONS DUTIES AND RESPONSIBILITIES

1. Owner/Proprietor Responsible for the over-all operations of the

business

2. Cashier Responsible for

3. Sales Clerk 1 Responsible for

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 Let us now check what you
have learned from this module
by answering the questions
What I below. Are you ready? Grab a

Have Learned pen and let’s begin!

1. What does the management study section describe?

.
2. What is an organization?

.
3. What is a personnel plan?

.
4. What are the 5 key steps to build an investor-ready personnel plan?

.
5. What are the basic forms and additional types of organizations?

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 Think of what all of
What I Can Do these concepts can do
to your life. How would
they help you?

With all the many information you have learned and acquired in this module, let us
make an evaluation on how important the lesson will be for your future. Answer
concisely what is being asked.
1. Why do you think you need to have an investor-ready personnel plan? And how
this will help you in your business?

2. Considering your answer to number one, how will you apply these in your dream
venture in the future?

Assessment

Multiple Choice. Encircle the letter of the correct answer.

1. exist because people working together can achieve more than a
person working alone.
A. Enterprise
B. Business Venture
C. Organization
D. Marketplace
2. This section should not only describe who's on the management team but how
each person's skill set will contribute to the organizational goals and objectives.
A. Management Planning
B. Market Planning
C. Strategic Planning
D. Financial Planning

13
3. The Enterprise Business Plan section that includes business name registration
A. Enterprise study
B. Financial study
C. Management study
D. Marketing study
4. It is a form of business operation that declares the business as a separate, legal
entity guided by a group of officers known as the board of directors
A. Sole Proprietorship
B. Business partnership
C. Limited-liability company
D. Corporation
5. These companies are hybrid entities that combine the characteristics of a
corporation with those of a partnership or sole proprietorship.
A. Sole Proprietorship
B. Business partnership
C. Limited-liability company
D. Corporation
6. Organizations exist because people can achieve more than a
person working alone.
A. Eating together
B. Standing together
C. Working together
D. Sitting together
7. Management study section should not only describe who's on the management
team but how each set will contribute to the organizational
goals and objectives.
A. Person’s skill
B. Person’s attitude
C. Person’s personality
D. Person’s characteristics
8. Management study is the Enterprise BP section that includes .
A. Income statement
B. Projected volume
C. Organizational chart
D. Start-up Expenses
9. It is a form of business operation that declares the business as a separate, legal
entity guided by a group of officers known as the board of directors
A. Sole Proprietorship
B. Business partnership
C. Limited-liability company
D. Corporation
14
 10. These companies are hybrid entities that combine the characteristics of a
corporation with those of a partnership or sole proprietorship.
A. Sole Proprietorship
B. Business partnership
C. Limited-liability company
D. Corporation
11. The first step in building an investor-ready personnel plan is:
A. Describe the organizational structure
B. Describe the team
C. Explain the gaps
D. Forecast personnel cost
12. These three group of individuals can play a key role in setting business strategy
namely, EXCEPT;
A. Advisors
B. Board members
C. Consultants
D. Shareholders
13. In explaining the gap within the hired personnel from a certain period from start-
up you need to figure out the following, EXCEPT;
A. Who you need to hire
B. When you need to hire them
C. What are your plans to correct problems
D. Explain where your team is strong
14. In forecasting personnel cost, you must include the following expenses, EXCEPT;
A. Salaries and wages
B. Benefits like SSS, Philhealth and Pag-ibig Fund
C. Taxes
D. Representation
15. The 'management study section' describes the following, EXCEPT;
A. management team
B. staff and resources
C. how the business ownership is structured
D. target marke

15