ENTREP 4

• Business model


  Describes the factors of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts
• Business model innovation


  The development of business model construction and variation, forms part of a business plan
• Business model


  A company's plan on how it will make revenues and make a profit. It describes what products or services the business plans to manufacture and market, and how it plans to do so, as well as what expenses it will incur
• Business plan


  A plan that entrepreneurs who plan to enter any business endeavor must have to guide them throughout the process
• Business plan


  • Written prior to setting up an enterprise
  • Similar to a prefeasibility study and a feasibility study
  • Many new enterprises need to convince prospective business investors about the soundness and potential of their business
• Business plan


  • Focused on bringing the enterprise to a higher level of growth
  • Where the enterprise has already reached its peak and would want to enter into another endeavor by creating and re-establishing itself
• Business plan


  • Serves the entrepreneur who must set a navigational course
  • Serves investors and cautious financers
  • Serves managers and staff of the organization so that they will know the strategies and programs of the enterprise
• Introduction


  Discusses what the business plan is all about
• Executive Summary


  The first to be presented but the last to be made
• Management Section


  Shows how you will manage your business and the people you need to help you in your operations
• Marketing Section


  Shows the design of your product/service; pricing, where you will sell and how you will introduce your product/service to your market
• 4 Ms of Production

  • Manpower
  • Method
  • Machine
  • Materials
• Marketing


  Creating and accumulating customers. Marketing plans are intended to capture a market portion and to setback competitors.
• Brand name


  A name, symbol, or other feature that distinguishes a seller's goods or services in the marketplace. Your brand is one of the greatest assets because your brand is your customers' over-all experience of your business.
• Experts believe that a good brand can result in better loyalty for its customers, a better corporate image and a more relevant identity.
• An entrepreneurial venture may either be a sole proprietorship, a partnership, or a corporation, engaged in merchandising, manufacturing, or service. Nevertheless, whatever type and nature of business ventures is opened to exploit different business opportunities, innovation or creativity defines the distinction between an entrepreneur and an ordinary business person.
• The input includes the following:

  • Manpower
  • Materials
  • Machine
  • Design
  • Instructions
• Production process


  The stage of production where the materials are transformed into the final product with the aid of manpower and machine.
• Output


  The final product from the production process and distributed to the customers.
• Manpower


  The human labor force involved in the manufacture of products, measured as the most serious and main factor of production
• Materials


  The raw materials necessary in the production of a product, which mainly form part of the finished product.
• Machine


  Manufacturing equipment used in the production of goods or delivery of services.
• Method


  The process or way of transforming raw materials to finished products. The resources undergo some stages before it is finalized and become set for delivery to the target buyers.
• Product


  The physical output of the whole production process, which should be valuable and beneficial to the consumers and should satisfy their basic needs and wants. Can be heterogeneous or homogeneous.
• Heterogeneous Product


  Has dissimilar characteristics, parts, and physical appearance. It can be easily identified from other products.
• Homogeneous Product


  Has a physical appearance, taste, or chemical content that can hardly be distinguished from that of the other products
• Product Description


  Promotes and explains what a product is and why it's worth buying. The purpose of a product description is to provide customers with details around the features and benefits of the product so they're obliged to buy.
• Prototype


  A duplication of a product as it will be produced, which may contain such details as color, graphics, packaging and directions. Created before the massive production of such product.
• Supplier


  Plays a vital role in a manufacturing venture. They are your business partners, without them your business will not live. You need them as much as you need your customers to be satisfied.
• Supply chain management systems


  Automate the flow of information among members of the supply chain so that they can use it to make better decisions about when and how much to purchase, produce, or ship.
• Value chain


  A method or activities by which a company adds value to an item, with production, marketing, and the provision of after-sales service.
• Value chains help increase a business's efficiency so the business can deliver the most value for the least possible cost. The end goal of a value chain is to create a competitive advantage for a company by increasing productivity while keeping costs reasonable.
• Supply chain


  A structure of organizations, people, activities, data, and resources involved in moving a product or service from supplier to customer.
• Supply chain management decreases purchasing cost. Retailors depend on supply chains to quickly distribute costly products to avoid sitting on expensive inventories. Any delay in production can cost a company tens of thousands of pesos. This factor makes supply chain management ever more important.
• product


  the physical output of the whole production process should be valuable and beneficial to the consumers and should satisfy their basic needs and wants Can be heterogeneous or homogeneous
• Prototype


  In a manufacturing venture, the supplier plays a vital role. They are your business partners, without them your business will not live. You need them as much as you need your customers to be satisfied
• intoduction 


  This part discusses what is the business plan all about
• management section


  This part shows how you will manage your business and the people you need to help you in your operations.
• executive summary


  This part is the first to be presented but the last to be made.
• Organizational Chart 


  This is the diagram showing graphically the relation of one official to another, or others of a company.