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    Mari An Darasin Daguinod
    The document discusses the 4Ms of operations - Manpower, Method, Machine, and Materials - which are important factors for any business to consider. It explains each of the 4Ms in detail, noting that Manpower refers to hiring capable and honest employees, Method is the system and processes used, Materials are the raw inputs sourced, and Machines help automate tasks efficiently. Managing all these interrelated elements effectively is key to running a successful business.

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    My Analysis

    Uploaded by

    Mari An Darasin Daguinod
    105 views2 pages
    The document discusses the 4Ms of operations - Manpower, Method, Machine, and Materials - which are important factors for any business to consider. It explains each of the 4Ms in detail, noting that Manpower refers to hiring capable and honest employees, Method is the system and processes used, Materials are the raw inputs sourced, and Machines help automate tasks efficiently. Managing all these interrelated elements effectively is key to running a successful business.

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    The document discusses the 4Ms of operations - Manpower, Method, Machine, and Materials - which are important factors for any business to consider. It explains each of the 4Ms in detail, noting that Manpower refers to hiring capable and honest employees, Method is the system and processes used, Materials are the raw inputs sourced, and Machines help automate tasks efficiently. Managing all these interrelated elements effectively is key to running a successful business.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    105 views2 pages

    My Analysis

    Uploaded by

    Mari An Darasin Daguinod
    The document discusses the 4Ms of operations - Manpower, Method, Machine, and Materials - which are important factors for any business to consider. It explains each of the 4Ms in detail, noting that Manpower refers to hiring capable and honest employees, Method is the system and processes used, Materials are the raw inputs sourced, and Machines help automate tasks efficiently. Managing all these interrelated elements effectively is key to running a successful business.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    is very important for a service or product to be effective and efficient and also it can

    significantly affect profitability in any kind of organisation: small or large, manufacture


    or service, public or private, profit or not-for-profit.
    The 4Ms of Operations This refers to the workforce, whom will help a business to
    produce more products. An entrepreneur needs to hire good and competent people to
    produce quality products.
    https://prezi.com/p/sh0af2m5a51h/the-4ms-of-operations/

    Describe the 4Ms (Manpower, Method, Machine, Materials) of operations in relation to


    the business opportunity: Give at least 5 positive effects of applying 4 Ms of production
    using the fish structure below

    The 4Ms of operation in relations to business opportunity means that


    the four critical domains, usually attributed to manufacturing, those are:
    man, machine, material and method work together. These four critical
    domains are also applicable to business opportunities since business is in
    essence tied to manufacturing as well. When putting up a business,
    manpower is critical as well as the other elements. The businessman must
    take all of those into account. Let us look at each one in detail.
    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.  
    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
    Materials - sourcing raw materials is critical in any business endeavor as the
    businessman would want to have the cheapest possible at the highest quality.
    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.
    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.

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