Entreprenuership Module-5
Entreprenuership Module-5
ENTREPRENEURSHIP
Quarter 1 – Module 5
Module Describe
5: the 4Ms (Manpower, Method,
Materials)
f operations in relation
Machine, thebusiness
to
opportunities
o
.
This method has been used for a long time, especially in the root cause
analysis which many entrepreneurs believe that in manufacturing
environment, people are very friendly on how to apply this method in
business. However, per observations of other industries such as service,
healthcare, etc., even in non – production function/departments of a
manufacturer, 4Ms are not well-understood and applied effectively. Hence,
the target in this module is to present a comprehensive discussion of the
4Ms.
Learning Competency
The 4Ms (Manpower, Method, Machine, Materials) of
operations in relation to the business opportunities.
Code: CS_EP11/12ENTREP-0h-j-12
Learning Objectives:
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WHAT I NOW
Task 1
-2
-
WHAT’S IN
Task 2
Manpower Method
Business
Opportunities
Machine
Materials
WHAT’S NEW
Task 3
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1.
2. .
3.
4.
5.
WHAT IS IT
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The 4M’s of operation in relation to business opportunity means that
the four critical domains, usually attributed to manufacturing are: man,
machine, material and method should work together. These four critical
domains are also applicable to business opportunities since business in
essence is 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 these into account. Let us look at each one in detail.
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Source: https://www.linkedin.com/pulse/introduction -4ms-long-bao/
Source: https://www.linkedin.com/pulse/introduction-4ms-long-bao/
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But is 4Ms only for process improvement?
Not yet. Of course 4Ms is a powerful method for process improvement, but
it’s also the most important method you should apply during the process
design and/or product design phase, and in daily operation
management.
Source: https://www.linkedin.com/pulse/introduction-4ms-long-bao/
WHAT’S MORE
Task 4
DIRECTIONS:
Accomplished what are asked on the table
4Ms Brief Description Example
Manpower
Materials
Machines
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Methods
WHAT I HAVE
LEARNED
Task 5
https://www.culinaryhill.com/homemade-peanut-butter/
All it takes is a few minutes, some peanuts, and a food processor to make
all-natural Homemade Peanut Butter that’s better than any you’ve ever
had, anywhere.
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Task 6
1.
2.
3.
4.
ASSESSMEN
T
Task 7
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4. They are protected by consumer protection laws.
A. Businesses and customers
B. Just customers
C. Just businesses
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C. Has no promotional mix
12. The marketing mix which concerns on how much a customer pays for
the goods or services being offered.
A. Product
B. Price
C. Place
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Methods- the process to be followed in effectively manufacturing or
delivering a product or service. It is the day-to-day operations of a
business. Internally, the process must abide with industry standards and
policies (ex. ISO
Certification).
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