Entrepreneurship

EXERCISE
YOUR MIND
M_N_O_E_
 EXERCISE
YOUR MIND
M_C_ _ _E
 EXERCISE
YOUR MIND
M_T_R _A _S
EXERCISE YOUR MIND

M_TH_DS
Quarter 4 Week 1
Learning Objectives:

• Demonstrate understanding of the 4M’s of operation

in the environment and market in one’s locality/town.

• Describe the 4M’s (Manpower, Method, Machine,

Materials) of operations in relation to the business
opportunity.
4M’s of Operations
- used to make product design and quality defect
prevention to identify potential factors on cause
and overall effect.
- used to apply on production control, improvement,
overall efficiency measurement, processes, and
design in manufacturing industries.
4 Major Domains of 4M’s of Operations
• Manpower
• Machine
• Material and
• Method
Method
- is a detailed procedure for accomplishing something.
- is a systematic way of doing a particular job.
- used in business when developing or innovating a new
products or services, expanding business enterprise,
searching for skilled workers to include in the workforce,
and for improving the efficiency of its process.
In analyzing method, an entrepreneur must do the
following steps:

1. Identify the operation to analyzed.

2. Gather all relevant information about the
operation, including tools, materials, and
procedures.
3. Talk to employees who use the operation or have
used similar operations. They may have suggestion
for improving it.
In analyzing method, an entrepreneur must do the
following steps:
4. Chart the operation, whether you are analyzing an
existing operation or a new operation.
5. Evaluate each step in the existing operation or
proposed new operation.
Does the step add value? Does it only add cost?
6. Revise the existing or new operation as needed.
Manpower
- these are EMPLOYEES that processes and give insights
on how to reduce cost, increase productivity to achieve a
better business result.
Qualifications of the right employee:
1. Skilled
2. Well qualified and well verse in business
3. Responsible
4. Dedicated and committed to work
5. Honest and with integrity
6. Able to attain targets and set goals
7. Not indulge in wasteful expenditure
8. Loyal
9. Team player
How to maximize the staff contribution to work?

• Motivate the staff. It helps to improve their morale.

• Make sure they are comfortable in their workplace.
They must be provided with the required amenities
so that their work does not appear burdensome.
How to maximize the staff contribution to work?

• Staff should be provided with necessary benefits.

They must feel that their work is worth performing.
Not only the entrepreneur should gain, but also the
employee should benefit.
• Self-respect is very essential. The employee should
be treated well. He must not be treated as a slave.
How to maximize the staff contribution to work?

• The staff should also share in the profits if possible.

Yearly bonus apart from his or her salary is added
income for him or her.
• Appreciation. Hard work and dedicated effort
should be appreciated.
How to maximize the staff contribution to work?

• Leisure time should be provided for extra-

curricular activities. He or she should also be given
time to take off from work so that he or she can go
on a holiday. A change of scene refreshes the mind.
• One must listen to the woes of the employees.
Understanding their difficulties in performing the
task is essential.
Machine
- is a mechanical structure that uses power to apply
forces and control movement to perform intended
action.
- is controlled by people or a machine itself to
produce the necessary or required number of
productions needed.
Material
- used to make new products. Businessman would
want to have the cheapest possible at the highest
quality.

Purchasing (or procurement) – is the process

of acquiring the materials and services to be used in
production.
Considerations when selecting a supplier:
• Can the vendor supply the needed quantity of materials
at a reasonable price?
• Is the quality good?
• Is the vendor have a favorable reputation?
• Is the company easy to work with?

Getting the answers to above questions and making the

right choices is a process known as supplier selection.
E-Purchasing
- (or e-procurement), companies use the Internet to
interact with suppliers.
Inventory Control
- is the process of striking the balance between two
threats to productivity: losing production time
because they’ve run out of materials and wasting
money because they’re carrying too much
inventory.
Just-in-Time Production (JIT)
- is the method in which the manufacturer
arranges for materials to arrive at production
facilities just in time to enter manufacturing
process.
Material Requirements Planning
- relies on a computerized program both to calculate
the quantity of materials needed for production and
to determine when they should be ordered or made.

Manufacturing Resource Planning (MRP) –

more sophisticated system that goes beyond material
planning to help monitor resources in all areas of the
company.
 End of Lesson

Activities:

1. Written Exam (May 3, 2023)

2. Performance Task (May 5, 2023)
 Performance Task

Form a group of 8-10 and conceptualize

for a play or a skit. Show how a company
use the 4M’s in their business operation.
The rubric will be used in assessing your
performance.
Performance Task
Rubrics for Scoring the Output
Category 10 8 7 6
Content Great job! Your role-play The role-play The role-
You offered is on-topic, is somewhat play is
creative new but it is off-topic. completely
insights on missing some Pay more off-topic, as
the topic! creativity and attention to if your
insight. the directions group did
next time! not even
read the
directions.
Performance Task
Rubrics for Scoring the Output
Category 10 8 7 6
Roles Excellent work! Everyone in your For the most Your group
Every member group stayed in part, your failed to stay
of your group character, but group stayed in in character,
stayed in some members character. Next and it looked
character, and didn't seem to time, spend like you had
it was clear you really be "into" more time not
took your roles what they were preparing for prepared for
seriously. doing. how the how the
characters characters
might think or might think or
act. act.
Performance Task
Rubrics for Scoring the Output
Category 10 8 7 6
Preparation Your group did Your group Your group It seems that
an excellent job obviously spent needs to spend your group
preparing and some time more time used the
rehearsing your preparing for preparing for preparation
role-play, and it the role-play, but the role-play. time for
shows - some Reading lines something
everything went rehearsal might from a script is else.
very smoothly. have helped a sure sign
things run more you're not
smoothly. prepared.
Performance Task
Rubrics for Scoring the Output
Category 10 8 7 6
Overall Excellent! Your Good! Your Keep working! Argh! I
Impression presentation presentation, Don't forget expect much
was while it was fun that, though better work
entertaining to watch, could the process is from you
and have been more entertaining, next time.
informative! informative. you're also
supposed to
learn
something
from it.