Entrep (1st sem) (Pre-lims) Flashcards
Controls the implementation of the business plan
Operation management
4m’s of production +1
A
Method
Manpower
Machine
MAterial
money
Suggest the process of combining raw material sand how these are going to be transformed using the other factors input of production
Method
Right human resources who will handle certain business opentation
manpower
Used in efficiently operating the business known as the best friend of man power
Machine
used in creating a product or performing a service, which include supply chain management
materials
materials requisitioning (3)
Manufacturing own product
out sourcing
Purchasing product or service from present suppliesr
Right to protect the entrepreneur regarding the product of service
Patent
Sign or symbol that helps to distinguish the product from others
Trademark
States the third party will be given full access to any confidential information provided that it shouldn’t be disclosed to anyone else
Nondisclosure agreement
Financial resources used to purchase all the resources needed by the firm for its operation
Money
One of the most important aspect of selling, you have to visualize what your target market will patronize and would like to have
product description
An initial creation of a product that shows the basic of what product will look like, what it will do and how it will work
prototype
process in which business receive raw maternals, (add value) to them
through producion and other process to create finished product.
- and sell finished product to customers
Value Chain
Process of Value chain (Double Check)
RESOURCES -› MANUFACTURING -> TRANSPORTATION -> CONSUMER
the Steps it takes to get the product on service to the customer
often dealing with manufacturer
and aftermath parts
SUPPLY CHAIN
Process of Supply chain (Double Check)
RAW MATERIAL -> SUPPLIER
-› MANUFACTURER
-) DISTRIBUTION
-) CUSTOMER -) CONSUMER
GUIDE HOW COMPANY SELECTS RIGHT HUMANS RESOURCES AND W
HANDLE OPERATIONS.
LA Job Description
LB. Employee Qualifications
Lc. preparatory Selection of job applicant
D. Selection of Job Applicants
E. Job Offer
F. Employment Development
Strat FOR Employee MANAGEMENT
competitive salary package
Non monetary benefits
additional benefits
STEP BY SIEP APPROACH for picking supply chain (5)
1.Thinking StrategicallY when selecting suppliers
2: What you should look for In a supplier
3. Identifying potential suppliers through variety of channels
4. Choosing a supplier
5. Getting the right supplier for your business by knowing your needs
What are needed when choosing a supplier (5)
-are they financially secured?
- How long have they been established?
- can these suppliers deliver what you want, when you want it?
-do you Know anyone who has used to and can recommend
-are they on any approved Supplier lists from
What is included in a job description
Duties and responsibilities
salary
Work schedule
Rules and regulations
Included in Employee Qualification
Education
Special Skills
Attitude
Training tools for employee
-Employee orientation
- On the Job training (OJT)
-Buddy system
-Mentor-mentee program
- Succession program
- Further training
- Online learning programs
- Internal training program
- international or local symposia, seminar, etc
strategy for employee management
competitive salary package
non-monetary benefit
Additional benefits
