Entrep

Cards (25)

  • Organizational Plan
    Covers the organizational structure, job description, and proposed salary. This plan gives a detailed information of various job positions with description. This gives members of the organization the idea on how the work process flow works.
  • Managerial Skills
    • Conceptual Skills
    • Human Relations Skills
    • Technical Skills
  • Conceptual Skills

    Ability to solve long-term problems and view the total organization as an interactive system
  • Human Relations Skills
    Ability to work effectively, lead and assure harmonious interpersonal relations
  • Technical Skills
    Ability to use tools, apply specialized knowledge, and manage processes and techniques
  • Forms of business organization
    • Sole proprietorship
    • Partnership
    • Corporation
  • Organizational Structure
    Shows and defines the hierarchy of the different positions in the organization and the interrelationships of the different offices or departments
  • Simple Organizational Structure
    • The most basic structure and is applicable to small businesses where majority of the power and decision-making rests on the owner
  • Functional Grouping
    • An organizational design that groups similar or related occupational specialties together
  • Roles and responsibilities
    Must be clearly defined in order to minimize and avoid misunderstanding and overlapping of functions
  • Salary requirements
    The organizational plan must show the total estimated monthly and annual salary requirements of the business
  • The production plan presents or describes activities related to the production of goods. Even how small businesses are, they follow a production process.
  • Production Schedule
    • Presents the total number of goods to be produced and the expected time to produce them
  • Production Process
    The different processes or stages involved in the production of goods such as the exact processing procedure, materials, parts, or ingredients required and expected time to process the product
  • Equipment Required

    • Describes the manufacturing plant, the machinery and equipment, and the various tools to be used in production of goods
  • Sources of Materials
    • The quality of raw materials plays a very significant role in the production of quality products. That is why most businesses get their materials from reliable and reputable suppliers.
  • Estimated Production Cost
    • Must show the estimated cost of production. The three elements of cost, namely labor, direct materials, and factory overhead must be properly described and accounted for.
  • The operation plan maps out the day-to-day tasks required to run a business
  • Evaluation of Suppliers (INPUT)

    • It is used to be a common practice that a business starts to implement its control system upon receipts of materials.
  • Purchase Procedure (PROCESS)

    The procedure in purchasing raw materials and other manufacturing supplies and receiving them must be explained in the operation plan.
  • Storage and Inventory Control System (OUTPUT)
    • The operation plan describes how the business stores the finished goods and protects its inventory against possible damages and losses.
  • Distribution
    • This section of the operation plan must show the sales procedure. The proper operation plan on the delivery system must be clearly defined.
  • Ingredients needed to make a hamburger
    • Ingredients not provided
  • Steps for cooking your hamburger
    Steps not provided
  • How much will you sell your hamburger? State your reason.