MODULE 6

• FOUR M

  Man power

  method

  machine

  materials
• • human labor forced involved in the manufactur of products
  • it is measured as the most serious and main factor of production the entrepreneur must determine attain and much the most competitive and skilled employee with the jobs at the most appropriate time period

  MAN POWER
• raw materials necessary in the production of a product

  Materials
• discusses about manufacturing equipment used in the production of goods or delivery services

  MACHINE
• discusses the processes or way of transforming raw materials to finish product the resources undergo some stages before it is finalized and become set of delivery to the target buyer

  method
• provide customers with details around the futures and benefits of the product so they are obligated to buy

  Product description
• a duplication of a product as it will be produced which may contain such details as color graphics packaging and direction one of the necessary early steps in the inventing method is creating a

  PROTOTYPING
• Are your business partner, without them your business will not live

  SUPPLIER
• a method or activities by which a company adds value to an item, with production, marketing and the provision of after sales services.

  Value chain
• a structure of organization, people, activities,date, and resources involve in moving a product or service from supplier to customer

  Supply chain
• describes the reasons how an organization creates, delivers, and capturws value in economics, social, cultural, or other context.

  Business Model
• an important tool for you to have idea about the future of your business

  business plan
• this part discusses what is the business plan all about

  Introduction
• is a part of the business plan which is the first to be presented but the last to be made

  Executive summary
• shows how will you manage your business and the people you need to help you in your operation

  management section
• shows the design of your product/service; pricing,where you will sell and how you will introduce your product/service to your market

  Marketing section
• shows the. money needed for the business how much you will take in and how much you will pay out

  Financual Section
• shows the are, equipment, and materials needed for the business

  Production Section
• is the strategy where you identify major competitors and research their products,sales and marketing strategies

  Competitive analysis
• the person who will but the product or services

  Market
• is the diagram showing graphically the relation of one official to another or others of a company

  Organizational chart