Entrepreneurship: Quarter 2: Module 1
Entrepreneurship: Quarter 2: Module 1
Entrepreneurship: Quarter 2: Module 1
Entrepreneurship
Quarter 2: Module 1
0
Entrepreneurship
Grade 11/12: Quarter 2: Module 1
First Edition, 2020
Copyright © 2020
La Union Schools Division
Region I
All rights reserved. No part of this module may be reproduced in any form without
written permission from the copyright owners.
Management Team:
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Entrepreneurship
Quarter 2: Module 1
2
Target
file:///C:/Users/ASUS/Documents/Introduction%20about%204Ms.html
In your previous lesson, in the first quarter, you are already done with
recognizing the potential market and recognizing the importance of
marketing mix in the development of marketing strategy.
This learner material will provide you with information and activities
that will help you more understand about operating a business.
After going through this learner material, you are expected to:
1. demonstrate understanding of the 4M’s of operation in the environment
and market in one’s locality/town, and
2. describe the 4M’s (Manpower, Method, Machine, Materials) of operations
in relation to the business opportunity. (TLE_ICTAN11/12EM-Ia-2)
Jumpstart
Activity 1
Direction: Choose your answer from the given choices. Write your answer in a
separate sheet of paper. Write the letter only.
T S F I R P T Y R Q R
U R M N N E R O S U R
P T I A E E R Y T A S
T S O C V S U C O L D
U R A I E K U T C I F
O L L G Z D E T K T I
P E O M O T I O N Y N
D W P R I C E X H N P
L N P O S I T I I M U
W D F L M K L P D S T
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Discover
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Does the step add value? Does it only add cost?
6. Revise the existing or new operation as needed.
ADDITIONAL INFORMATION:
Method - refers to the system and step by step process in the business.
Without a scalable process, it would be difficult to expand the business. This
means that the methods used in the main branch must be documented and
must be replicated as well in other branches. If it is difficult to implement at
another site, find what needs to be improved.
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
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Self-respect is very essential. The employee should be treated well. He must
not be treated as a slave.
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.
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 n performing the task is essential.
ADDITIONAL INFORMATION:
Manpower - this is the worker. When setting up a business, finding honest and
capable people is always a challenge. In my experience, people can be honest but
may not be capable or competent and some are capable but not honest. It is a rare
find to find someone with all the ideal qualities. So for a businessman, they must
be able to treasure their employees who are both capable and honest as they are
integral to the growth of the business
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. A machine is a mechanical structure that uses power to
apply forces and control movement to perform an intended action. It is controlled by
people or a machine itself to produce the necessary or required number of
productions needed. You may be able to use the manpower to do a particular
job but it is usually more efficient if machines are able to automate the work. The
right machine equipment can improve your processes, productivity, and capacity to
innovate. Not only will you save time and resources, but you’ll also avoid costly
quick fixes.
8. Keep it green. When purchasing equipment, be sure that it’s energy efficient. Not
only to save money, but also by contributing to the health of the planet. Research the
environmental impact of your new equipment and find out how to dispose of your existing
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equipment in a way that minimizes its impact on the environment.
ADDITIONAL INFORMATION:
Machines - machinery is also important. Without the proper equipment, you
will not be able to perform the needed tasks efficiently. You may be able to
use the manpower to do it but it is usually more efficient if machines are
able to automate the work.
In manufacturing industry, companies are involved in turning raw materials
into physical products, which are then sold to consumers. One of the things that a
manufacturing company can do to achieve efficiency is to source quality raw
materials from credible suppliers. For perishable and edible products, the business
should investigate how raw materials are stored, processed, and shipped to
consumers. Do you have the materials needed to perform all parts of your
production? Are they conveniently located to minimize waste?
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E-Purchasing
Technology is changing the way businesses buy things. Through e-
purchasing (or e- procurement), companies use the Internet to interact with
suppliers. The process is similar to the one you’d use to find a consumer
good—say, a forty-two-inch LCD high-definition TV— over the Internet. You
might start by browsing the Web sites of TV manufacturers, such as Sony,
Samsung, TCL, or Skyworth. To gather comparative prices, you might go to a
comparison-shopping Web site, such as Lazada or Shopee. Once you’ve
decided where to buy your TV, you’d complete your transaction online, even
paying for it electronically.
Inventory Control
If a manufacturer runs out of the materials it needs for production,
then production stops. In the past, many companies guarded against this
possibility by keeping large inventories of materials on hand. It seemed like
the thing to do at the time, but it often introduced a new problem—wasting
money. Companies were paying for parts and other materials that they
wouldn’t use for weeks or even months, and in the meantime, they were
running up substantial storage and insurance costs.
Most manufacturers have since learned that to remain competitive, they
need to manage inventories more efficiently. This task requires that they
strike a 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. The process of striking this balance is called
inventory control, and companies now regularly rely on a variety of
inventory-control methods.
Just-in-Time Production
One method is called just-in-time (JIT) production: the manufacturer
arranges for materials to arrive at production facilities just in time to enter
the manufacturing process. Parts and materials don’t sit unused for long
periods, and the costs of “holding” inventory are significantly cut. JIT,
however, requires considerable communication and cooperation between the
manufacturer and the supplier. The manufacturer has to know what it needs,
and when. The supplier has to commit to supplying the right materials, of the
right quality, at exactly the right time.
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fund-raising dinner for the local animal shelter. First, you estimate how
many people will attend—say, fifty. Next, you plan the menu—lasagna, garlic
bread, salad, and cookies. Then, you determine what ingredients you’ll need
to make the food. Next, you have to decide when you’ll need your
ingredients. You don’t want to make everything on the afternoon of the
dinner; some things—like the lasagna and cookies—can be made ahead of
time. Nor do you want to buy all your ingredients at the same time; in
particular, the salad ingredients would go bad if purchased too far in
advance. Once you’ve made all these calculations and decisions, you work
out a schedule for the production of your dinner that indicates the order and
timing of every activity involved. With your schedule in hand, you can
determine when to buy each ingredient. Finally, you do your shopping.
Though the production process at most manufacturing companies is a
lot more complex than planning a dinner (even for fifty), an MRP system is
designed to handle similar problems. The program generates a production
schedule based on estimated output (your food-preparation timetable for fifty
guests), prepares a list of needed materials (your shopping list), and orders
the materials (goes shopping).
The basic MRP focuses on material planning, but there’s a more
sophisticated system— called manufacturing resource planning (MRP II)—
that goes beyond material planning to help monitor resources in all areas of
the company. Such a program can, for instance, coordinate the production
schedule with HR managers’ forecasts for needed labor.
Work Scheduling
As we’ve seen, manufacturers make profits by transforming inputs
(materials and other resources) into outputs (finished goods). We know, too,
that production activities, like all business activities, have to be controlled:
they have to be monitored to ensure that actual performance satisfies
planned performance. In production, the control process starts when
operations managers decide not only which goods and how many will be
produced, but when. This detailed information goes into a master production
schedule (MPS). To draw up an MPS, managers need to know where
materials are located and headed at every step in the production process. For
this purpose, they determine the routing of all materials—that is, the
workflow of each item based on the sequence of operations in which it will be
use
ADDITIONAL INFORMATION:
Materials - sourcing raw materials is critical in any business endeavor as
the businessman would want to have the cheapest possible at the highest
quality.
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IMPORTANT:
Running a business is a complex process and all of these elements interplay.
It is not just one machine for example but many. Manpower issues could
also arise, which would challenge the method that has been set up. It is up
to the businessman to identify and solve these issues.
Explore
Direction: Fill up the table A by filling the missing words in the table B
based on your understanding on what you have read above. Write answers
on a separate sheet of paper.
A B
.1. It is a detailed procedure for -
accomplishing something.
2. These are employees that processes -
and give insights on how to reduce cost,
increase productivity to achieve a better
business result.
-
3. the manufacturer arranges for
materials to arrive at production
facilities just in time to enter the
manufacturing process.
4. The process of acquiring the -
materials and services to be used in
production.
5. Plays a vital part in operating a
business -
6. It is important nowadays to make the
process of production more effective and
efficient. -
7.Another method that 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.
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Assessment 1
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b.Method
c.Machine
d. Material
Enhancement Activity 2
Direction: Answer the following what is being asked. Write all answers in a
separate sheet of paper.
1. Based on what you have read about the 4M’s of operations.List down on
your separate sheet of paper the Steps in analyzing the METHOD.(in
order). Then choose one and explain.
2. What are the ways to look for the right employee for the business
operation, Write the following kind of staff one should have. Then choose two
ways and explain.
Assessment 2
Enhancement Activity 3
Directions: Match Column A to Column B. Write the letter of the correct
answer in a seoarate sheet of paper,
Column A Column B
1. It is changing the way businesses buy things A. purchasing
2. The process of acquiring the materials and services B. technology
3. It is a systematic way of doing a particular job. C.manpower
4. These are employees that processes and give insights D. method
5. It is a mechanical structure that uses power E. Machine
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Deepen
Activity 1:
Direction: Form a group of 4 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.
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social media access with your classmate and ,you choose your leader and
send all your part or task to the leader for compilation in one file. Make
sure that the four member will have a different task or choose one M using
the MACHINE, METHOD, MANPOWER, MATERIALS. You take a video of
yourself using the M given to you..How are these M’ performed in the
business industries. The leader will compile it in one file and send to the
teacher.
Activity 2
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Gauge
Multiple Choice
Direction: Read carefully each item. Use separate sheet for your answers.
Write only the letter of the best answer for each item.
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I. True or False
Direction: On your answer sheet, write T if the statement is true, and
F if otherwise.
11. All operations managers must therefore, begin with the customer’s
wants and desires in mind
12. Manpower was used in business when developing or innovating a
new products or services, expanding your business enterprise,
searching for skilled workers to include in the workforce, and for
improving the efficiency of its process.
13. Manpower is controlled by people or a machine itself to produce
the necessary or required number of productions needed
14 Material Requirements Planning is the manufacturer arranges for
materials to arrive at production facilities just in time to enter the
manufacturing process.
15. The methods used in the main branch must be documented and
must be replicated as well in other branches. If it is difficult to
implement at another site, find what needs to be improved.
II. Enumeration
Direction: Enumerate the following in your answer sheet.
16-24= Give the kind of staff to look for the right employee for the
business operation
25-27= Classification of outcome expectation.
28-30= What comprises the EDS?
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Key Answers
Jumpstart
1. B 2. C 3. A 4. C 5. B
T S F I R P T Y R Q R
U R M N N E R O S U R
P T I A E E R Y T A S
T S O C V S U C O L D
U R A I E K U T C I F
O L L G Z D E T K T I
P E O M O T I O N Y N
D W P R I C E X H N P
L N P O S I T I I M U
W D F L M K L P D S T
Explore
Enhancement Activity 1:
1. Method
2. Manpower
3. JIT Production
4. Purchasing (Procurement)
5. Machine
6. Machine/Machinery
Assessment 1
1. A 2. D 3. C 4. B 5. A
Enhancement Activity 2 :
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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.
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.
****Other answers may vary.
2. To look for the right employee for the business operation, the following are the kind of
staff one should have:
Skilled/Well qualified and well verse in business/Responsible/ Dedicated and committed to
work/Honest and with integrity/Able to attain targets and set goal/Not indulge in wasteful
expenditure Loyal/Team player
***Other answers may vary.
Assessment 2: Complete me
1. Materials 2. Efficient 3. Machine 4.Healthy and 4. Super
Safe selection
Enhancement Activity 3: Match me
1. B 2. A 3. D 4. C 5. E
Deepen
S S E C O R P S D G H J G S N
W R T Y O U T R U P G L O O N
S D F G H R R S F G P A L G M
E S A H C E U P L U R A L F K
Q U M E T H O D S N I P U G D
U O T A T E A C H R C G A J O
A H M A C H I N E S E N T K P
L A E A S E A T U O T U P L E
I P U R C H A S E P L E S U R
T I H G D M N L K J G E E O A
Y P P A H P L E S E I N P U T
E M A N P O W E R O U R J P I
E R A S D E E O U T P U T Y O
Y R E V I L E D E T U P L E N
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Gauge
I. Multiple Choice
1. B 5. B 9. B
2. A 6. B 10. A
3. C 7. A
4. A 8. B
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References:
Printed Materials
Website:
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