5 - Managing The Operations Functions

ENTREPRENEURSHIP
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Describe the 4Ms of

Operations in
Relation to the
Business
Opportunity
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• Be able to have an understanding of the 4Ms of

Operations
• Develop a product description
• Be able to create own product example and test
it
• Validate the product description with potential
customers to determine its market acceptability
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Identify whether the pictures suggest:
manpower, material, method and machine
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General Overview History
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bibendum ante ullamcorper, bibendum ante ullamcorper,
tincidunt augue. tincidunt augue.
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-suggest the process of

combining raw materials
and how these are
going to be transformed
using the other factor
inputs of production.
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Ex. In the production of pandesal, the mixing of

ingredients will use manual labor intensively as
applied by small bakeries. On the other hand, large
bakeries in urban areas will use modern baking
equipment and utensils that are capital intensive.
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– the right human

resources who will handle
certain business
operations
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- does not only include

labor or muscular power
but also intellectual,
creative abilities and
other qualities of
individuals that can
contribute to
the production..
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Ex. In the production of pandesal, manpower

resources include the baker, and his assistants who
will implement the recipe using the available
equipment, and technology. The manager, sales
clerks , and janitors are also part of the manpower
of the bakery
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- technology used in
efficiently operating
the business
- the tools, durable
equipment, and the
physical plant are also
part of it
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Ex. In the production of our pandesal, the

machinery comprises the oven, baking utensils and
the bakery itself.
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- to be used in creating a
product or performing
a service, which
includes supply chain
management
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Ex. In the process of producing pandesal, we need

several materials that serve as intermediate inputs
which include flour, sugar, butter, eggs, salt and
other ingredients.
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- financial resource -needed to purchase
used to purchase all raw materials,
the resources pay salaries of the
needed by workers and managers
and durable equipment
the firm for its
needed for
operation the company.
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Rule 1 Rule 2 Rule 3

Know who Focus on the Tell the full
your target product story
audience is benefits
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Rule 4 Rule 5 Rule 6

Use natural Use power Make it easy
language and words that to scan
tone. sell.
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Rule 7 Rule 8
Optimize for Use good
search images.
engines.
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A prototype is an initial
creation of a product that
shows the basics of what
product will look like, what it
will do and how it will work.
However, it is not meant to be
the final version as there will
be lots to improve.
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OPERATIONS OR PRODUCTION PLAN

• one section of a company's business plan that
conveys the physical requirements for your
business's operations, including supply chains,
workflow, and quality control processes
• Includes two subsections: Stage of Development
and Production Process
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• It should explain what you've done to date to

get the business operational, then follow up
with an explanation of what still needs to be
done.
• The following should be included:
a) Production Workflow
b) Industry Association Memberships
c) Supply Chains
d) Quality Control
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- Tell which organizations
- A high-level, step-by-
you are already a
step description of how
member of and which
your product or service
ones you plan to join to
will be made, identifying
show your awareness of
the problems that may
the local, regional, or
occur in the production
national standards and
process.
regulations
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- An explanation of who - An explanation of the
your suppliers are and quality control measures
their prices, terms, and that you've set up or are
conditions going to establish.
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• It outlines your business's day-to-day operations,

including your hours of operation and the days
the business will be open
• The following should be included:
a) Physical Plant e) Materials i) Cost
b) Equipment f) Production
c) Assets g) Feasibility
d) Special Requirements h) Inventory
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-Describe the type, site,
and location of premises -Describe the equipment
for your business. necessary and how much
-If applicable, include of it you need,
drawings of the building, -You also need to include
copies of lease its worth and cost and
agreements, and recent explain any financing
real estate appraisals. arrangements.
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-Make a list of your -If your business has any
assets, such as land, special requirements,
buildings, inventory, such as water or power
furniture, equipment, and needs, ventilation,
vehicles. drainage, etc., provide the
-Include legal details in your operating
descriptions and the plan, as well as what
worth of each asset.. you've done to secure the
necessary permissions.
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-State where you're going -Explain how long it takes
to get the materials you to produce a unit and
need to produce your when you'll be able to
product or service and start producing your
explain what terms you've product or service.
negotiated with suppliers.
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-Explain how you'll keep
-Describe any product
track of inventory.
testing, price testing, or
prototype testing that
you've done on your
product or service..
-Give details of product
cost estimates.
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• CREATE A BRIEF DESCRIPTION OF YOUR

CHOSEN PRODUCT (YOU CAN PRINT OR
DRAW YOUR PRODUCT)
• WRITE YOUR SENTENCES IN YOUR BIG

NOTEBOOK.
Questions?
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5 - Managing The Operations Functions

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5 - Managing The Operations Functions

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ENTREPRENEURSHIP

Describe the 4Ms of

• Be able to have an understanding of the 4Ms of

-suggest the process of

Ex. In the production of pandesal, the mixing of

– the right human

- does not only include

Ex. In the production of pandesal, manpower

Ex. In the production of our pandesal, the

Ex. In the process of producing pandesal, we need

Rule 1 Rule 2 Rule 3

Rule 4 Rule 5 Rule 6

OPERATIONS OR PRODUCTION PLAN

• It should explain what you've done to date to

• It outlines your business's day-to-day operations,

• CREATE A BRIEF DESCRIPTION OF YOUR

• WRITE YOUR SENTENCES IN YOUR BIG

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