ENTREPRENEURSHIP

THE 4Ms of OPERATION

OF OPERATION
OBJECTIVES:

At the end of the lesson the learners

should:
1. Define the 4Ms of operations
2. Describe the 4Ms of operation its
relation to the business opportunity.
4PICS ONE WORD 1. M _ _ P _ W _ R
2. M _ _ H_ N_
M_TH_ D_
M_T__I__S
The process is what we called the

OPERATIONS
 MANPOWER
 MATERIALS
 MACHINES OUTPUT
 METHODS
The 4Ms of Operations in relations to
business opportunity means that the
attributes manpower, methods,
machines and materials should work
together in the process of executing
the business.
 JUMBLED WORDS
• 1. T D O M H E - The manner or the system of
transforming raw materials in the finished product.
• 2. P M N O E A W R - This refers to the human
workforce involved in themaking of products.
• 3.TLEMASIRA -mainly form part of the finished product.
• 4.CIMEHAN - refer to the device and equipment used to
perform specific type of work .

• yt
MANPOWER
This refers to the human workforce
involved in the making of products.
it does not only include labor but creativity, intellect
and other abilities of individuals that can contribute
to the production.
It is considered as the most significant factor of
production, thus it is the job of the entrepreneur to
determine, hire and match the most competent
worker with the jobs at the most appropriate time.
• Entrepreneur’s most highly considered criteria in Hiring
1. Educational Qualifications
2. Status of employment, whether permament or temporary
3. number of workers required for the job
5. Skills and expertise for the job
6. Appropriate time the worker is needed
7.Conduct the background checking
8.Amount of salary, and mandatory benefits
9. Availability of potentioal workers in the community
METHOD
• Method - It refers to the system and step by step process in
the business, set of procedures and instructions which
you must follow in order to achieve your goal.
• A set of procedures and instructions. - Plans, Policies, and
Procedures.
- The manner or system of transforming raw materials into
finished product is called METHOD.
MATERIALS
Companies are involved in turning raw
materials into physical products, which
are then sold to consumers.
It is important to source quality raw
materials from credible suppliers.
-locating the business nearby to the
availability of it is an advantage
Machines -refer to the device and equipment used to
perform specific type of work and usually uses energy
(electricity) to perform a task.

Machine plays a vital part in operating a business.

aside from manpower the use of machinery is
important nowadays to make the process of
production more effective and efficient
Selecting the type of equipment to purchase,
theentrepreneur may consider

• 1. types of products to be produced

• 2. cost of the equipment,
• 4. capacity of the equipment,
• 5. availability of spare parts in the local market,
 Entrepreneurship is a process of
giving and receiving goods and
services in exchange of
money or other valuable things.
Entrepreneurship is also
about the ability to create
something from nothing.
Entrepreneurship is also
about the ability to create
something from nothing.
 Core Competencies in
• .
Entrepreneurship
• 1. Risk and Uncertainty
• 2.Communication-wherein the
entrepreneur can listen, ask question, and
convey thoughts. It will help the
entrepreneur to
• assess the needs of the consumer.
• 3. Economic Activity- provides job
• opportunities to other people
•4. Leadership -entrepreneur should be
able to direct and give instruction to
his/her subordinates.
•5. Innovation-Entrepreneurship involves
a continuous searching and creating new
ideas to offer in the market.
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Reason why people become an
entrepreneur:
1. Flexible and freedom of work
hours.
2. Your passion is your source of
income.
3. You are your own boss.
4. People will work for you.
• What is entrepreneurship?
Explain your answer briefly

• What are the different core

competencies of
entrepreneurship?
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