4M’S OF BUSINESS OPERATION entreprenuership.pptx

Entreprenuership

1. 4M’S OF BUSINESS OPERATION 20XX PRESENTATION TITLE 1

2. BUSINESS OPERATION 20XX PRESENTATION TITLE 2 refer to activities that businesses engage in a daily basis to increase the value of the enterprise and earn a profit

3. BUSINESS OPERATION 20XX PRESENTATION TITLE 3 refer to activities that businesses engage in a daily basis to increase the value of the enterprise and earn a profit The activities can be optimized to generate sufficient revenues to cover the expenses and earn a profit for the owners of the business Employees help accomplish the business goals by performing certain functions such as marketing, accounting, manufacturing, etc.

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12. The most critical issues in production system are the inputs and the transformation process. Their quality determines the quality of out put . The factors involved in the input and the production process are usually referred to as a 4Ms of production which are …..

13. 20XX PRESENTATION TITLE 13 P roduct refers to the economic process of converting raw materials into products suitable for exchange Production

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15. PRIMARY GOALS Annual revenue growth

16. QUARTERLY PERFORMANCE 20XX PRESENTATION TITLE 16

17. AREAS OF GROWTH ​ CATEGORY 1 CATEGORY 2 CATEGORY 3 ​ CATEGORY 4​ Q1 4.5 ​ 2.3 ​ 1.7 ​ 5 ​.0 Q2 3.2 ​ 5.1 ​ 4.4 ​ 3 ​.0 Q3 2.1 ​ 1.7 ​ 2.5 ​ 2.8 ​ Q4 4.5 ​ 2.2 ​ 1.7 ​ 7.0 20XX PRESENTATION TITLE 17

18. BUSINESS OPPORTUNITIES ARE LIKE BUSES. THERE'S ALWAYS ANOTHER ONE COMING.​ 20XX PRESENTATION TITLE 18

19. TAKUMA HAYASHI President MIRJAM NILSSON Chief Executive Officer RAJESH SANTOSHI Chief Operations Officer RAJESH SANTOSHI VP Marketing GRAHAM BARNES VP Product ROWAN MURPHY SEO Strategist ELIZABETH MOORE Product Designer ROBIN KLINE Content Developer

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21. MEET OUR TEAM TAKUMA HAYASHI President MIRJAM NILSSON Chief Executive Officer RAJESH SANTOSHI Chief Operations Officer RAJESH SANTOSHI VP Marketing GRAHAM BARNES VP Product ROWAN MURPHY SEO Strategist ELIZABETH MOORE Product Designer ROBIN KLINE Content Developer

22. 20XX PRESENTATION TITLE 22 The Fishbone Diagram , also known as the Ishikawa Diagram or Cause-and-Effect Diagram , is a visual tool used in business operations and quality management to systematically identify and analyze the root causes of a specific problem or issue. It is shaped like a fish skeleton, with the problem or effect as the "head" and potential causes arranged along the "bones." the Fishbone Diagram is a powerful tool in business operations for identifying, analyzing, and solving problems, especially in areas like process improvement, quality control, and risk management.

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25. 20XX PRESENTATION TITLE 25 Homogeneous Products Definition : Homogeneous products are goods that are identical or very similar in nature, with little to no differentiation between them. Key Characteristics : Standardized : Every unit of the product is essentially the same regardless of who produces it. Price-driven competition : Since products are identical, consumers often choose based on price rather than brand or quality.

26. 20XX PRESENTATION TITLE 26 Homogeneous Products Examples : Commodities like crude oil, sugar, wheat, rice, and salt. In these cases, one unit of the product is virtually indistinguishable from another. Market Impact : In markets for homogeneous products, competition is usually based on price, as there's little room for differentiating based on features, branding, or quality. Sellers are price takers, meaning they have to accept the market price.

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28. 20XX PRESENTATION TITLE 28 Heterogeneous Products Definition : Heterogeneous products are goods that are different in quality, features, or branding, making them distinguishable from one another. Key Characteristics : Varied : Products have differences in design, features, quality, and brand identity. Non-price factors : Consumers make purchasing decisions based on factors like quality, brand, design, or added features, not just price.

29. 20XX PRESENTATION TITLE 29 Examples : Smartphones, cars, clothing, and furniture. These products can vary widely in features and branding, even if they serve the same purpose. Market Impact : In markets for heterogeneous products, companies compete on factors such as branding, innovation, quality, and customer service. This allows for more differentiation and often leads to customer loyalty to certain brands.

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37. 20XX PRESENTATION TITLE 37 Short Answer: 11. Homogeneous products are identical or very similar, with little to no differentiation (e.g., crude oil), while heterogeneous products have distinct features, branding, or quality differences (e.g., smartphones). 12. The Fishbone Diagram helps businesses identify and analyze the root causes of problems, leading to more targeted solutions and improvements in areas like process efficiency and quality control. 13. An example of Machinery impacting operations is how outdated equipment can slow down production, while modern, automated machinery can increase efficiency and reduce labor costs. 14. Analyzing Method is crucial because inefficient or outdated processes can lead to higher costs, delays, and quality issues, whereas streamlined methods improve overall productivity. 15. The 4Ms (Manpower, Machinery, Materials, Method) are critical components in optimizing operations, reducing costs, and increasing productivity, all of which contribute to profitability.

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39. 20XX PRESENTATION TITLE 39 Presentations (15 minutes) Each group will present their business and explain how you used the 4Ms to structure their operations. Discuss how these factors will help you operate efficiently and succeed in your industry.

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41. THANK YOU!!!