Professional Documents
Culture Documents
Sheena
Sheena
(MIDTERM)
PERSONAL
ENTREPRENEURIAL
COMPETENCIES
(PECS)
WHAT IS
ENTREPRENEURSHIP?
ENTREPRENEURSHIP
It is the process of starting a business, a start
up company or other organizations
WHAT IS AN
ENTREPRENEUR?
ENTREPRENEUR
Develops a business plan, acquires the
human and other required resources, and is
fully responsible for its success or failure.
ENTREPRENEURS IN
AUTOMOBILE INDUSTRY
ELON MUSK
Invented :
PayPal
Tesla motors
THOMAS EDISON
Invented:
Phonograph
Stock ticker
Electric light bulb
Motion picture camera
Mechanical vote recorder
Battery for electric car
HENRY FORD
Ford motor company
Model T
RATAN TATA
Tata group
Tetley
Jaguar land rover
Corus
Indica
BERNIE ECCLESTONE
Founded:
Formula One Promotions and Administrators
(FOPA)
HOW TO CREATE AN
ACTION PLAN?
1. MAKE SURE YOUR GOALS
ARE SMART
SPECIFIC: goal is clearly defined
MEASURABLE: you need to quantify your
goal so you know you achieved it.
ATTAINABLE: be sure that your goal is
possible
RELEVANT: your goals should fit within your
ultimate plans in life
TIME: you’ve set a date by which your goal
ENVIRONMENT
AND
MARKET
KEY CONCEPTS OF
MARKET
KEY CONCEPTS OF MARKET
PRODUCTION CONCEPT – “consumers will favor products that
are available and highly affordable
PRODUCT CONCEPT - focuses on making continuous product
improvements.
SELLING CONCEPT – focuses on creating sales transactions
rather than building long-term profitable customer relationships
MARKETING CONCEPT – the job is not to find right customers
for your product but to find the right products for your
customers
SOCIAL MARKETING CONCEPT – puts human welfare on top
before profits and satisfying the wants.
WHO ARE THE PLAYERS
IN THE MARKET?
CUSTOMERS
Includes both current and potential
customers
MAJOR CUSTOMERS – needs careful
attention and may have relationship
managers assigned to them
MINOR CUSTOMERS – buy less, but
nevertheless useful as in aggregate they may
buy quiet a lot
SUPPLIERS
May sell directly in market, but largely, they
need to be kept aligned to your strategy
COMPLEMENTORS
Those who sell non-competing products and
which generally helps your sales.
COMPETITORS
Who have products and services that are
similar to you and where customers who are
buying something will compare your
offerings and prices directly, weighing one
up against the other.
SUBSTITUTORS
Are like competitors but their products are
not the same
REGULATORS
It can be an important part of marketing to
demonstrate conformance to regulations.
INFLUENCER
Will seek to promote their own agendas by
influencing players within the marketplace.
WHAT IS A PRODUCT?
PRODUCT
Is anything that can be offered in a market
for attention, acquisition, use, or
consumption that may satisfy a need or
want.
TYPES OF CONSUMER
PRODUCTS
TYPES OF CONSUMER
PRODUCTS
CONVENIENCE PRODUCTS – bought frequently, immediately,
and within minimum comparison and buying effort.
Examples: newspaper, candy, fast-food
SHOPPING PRODUCTS – customer compares carefully on
suitability, quality, price, and style
Examples: car, furniture
SPECIALTY PRODUCTS – has unique characteristics and brand
identification for which a significant group of buyers is willing to
make a special purchase effort.
Examples: hospital, clothing brand, computer
TYPES OF CONSUMER
PRODUCTS
UNSOUGHT PRODUCTS – consumer that not know or does not normally think
about
Examples: life insurance, funeral service
INDUSTRIAL PRODUCTS – purchased for further processing or for use in
conducting a business.
Examples: wood, capital
MATERIALS AND PARTS include raw material and manufactured materials and
parts usually sold directly to industrial users.
Examples: rice, wood, steel, cement
CAPITAL ITEMS – are industrial products that aid in buyer’s production or
operations.
Examples: building, computer
APPLYING
APPROPRIATE
SEALANT/ADHESIVE
WHAT IS AN ADHESIVE?
ADHESIVE
A material that joints two surface together
by bonding them.
TWO FACTORS TO MEET
THE PERFORMANCE:
1. ADHESION
The adhesion must bond with each substrate
so they can be held together.
2. COHESION
The adhesive must have internal strength so
that it holds together and does not break
within the film of adhesive when force is
applied to pull the two surfaces apart.
WHAT IS A SEALANT?
SEALANT
A material designed only to fill up spaces.
SEALANT FORM A SEAL
AGAINST THE ENTRY OF
SEALANT FORM A SEAL
AGAINST THE ENTRY OF
LIQUIDS – rain or water
GASES – wind or air
SOLIDS – dust or dirt
FACTORS FOR
SUCCESSFUL SEALANT
FACTORS FOR SUCCESSFUL
SEALANT
IMPERMEABILITY – air and water must not
go through sealant
FLEXIBILITY – the cured sealant must be
ELASTIC enough to maintain the tight seal
even if the is movement of the substrates
STABILITY – should not change between the
time it is manufactured and the time it
applied.
TYPES OF GASKET
SEALANT
FLEXIBLE SEALANT
Most often used on threads of bolt that go
into fluid passage.
SILICON FORMED-IN-PLACE
SEALANTS
Can be used to replace conventional paper,
cork and rubber gaskets.
Generally used in oil pans, valve covers
thermostat housing, timing covers, water
pumps
ANAEROBIC FORMED-IN-
PLACE SEALANTS
Used for thread locking as well as gasket.
Mostly used to hold sleeves, bearing and
locking screw nuts in place where there is a
high exposure on vibration.
HYLOMAR
Stands for high temperature (hy), low
temperature (lo), and Martson (mar) product.
Because it never hardens or cures, the center
remains soft and pliable-like armor-plated
sponge.
As a sealing supplement, Hylomar sticks to any
surface, resists all fluid (including gasoline) and
has temperature range of 50°- >600°F
ANTISEIZE COMPOUNDS
Prevent dissimilar metal from reacting with
one another and seizing.
TYPES OF SEALANTS
HARDENING TYPES
Can be divided into two types:
1. RIGID – which cure or set up firm
2. FLEXIBLE – which remain flexible after cure
NON-HARDENING TYPES
This soft-setting sealants stays wet after
application and never truly dry
TAPES
Joints to which sealant can be applied
depend to a great extent on type of sealant.
Lap joints can be most easily sealed with
tapes
5S
WHAT IS 5S?
5S
Has the intent to improve efficiency by
eliminating waste, improving flow and
reducing process unreasonableness.
Its for improvement of working
environment.
WHAT DO YOU MEAN BY
5S?
5S MEANING
Seiri – SORT
Seiton- STRAIGHTEN; SET
Seiso – SHINE; SWEEP
Seiketsu – STANDARDIZE
Shitsuke – SUSTAIN
SORT (SEIRI)
Remove items that are no longer needed
STRAIGHTEN; SET (SEITON)
Organize the items to optimize efficiency
and flow.
SHINE; SWEEP (SEISO)
Create a clean worksite without garbage ,
dirt, and dust. So problems can easily be
identified.
STANDARDIZE (SEIKETSU)
Implement color coding and labels to stay
consistent with other areas.
SUSTAIN (SHITSUKE)
Develop behaviors that keep the workplace
organized over the long term.