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Entrepreneurship 4M'S of Production and Business Model

The document discusses the 4 M's of production - Manpower, Materials, Machines, and Methods. It explains that these are the key elements in any production system and outlines the inputs, processes, and outputs involved. The 4 M's framework can help entrepreneurs effectively structure their business operations and production model. The document also covers related topics like different types of products, value chains, supply chains, and business models.

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MariaAngelaAdanEvangelista
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114 views

Entrepreneurship 4M'S of Production and Business Model

The document discusses the 4 M's of production - Manpower, Materials, Machines, and Methods. It explains that these are the key elements in any production system and outlines the inputs, processes, and outputs involved. The 4 M's framework can help entrepreneurs effectively structure their business operations and production model. The document also covers related topics like different types of products, value chains, supply chains, and business models.

Uploaded by

MariaAngelaAdanEvangelista
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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ENTREPRENEURSHIP

4M’S OF PRODUCTION AND BUSINESS


MODEL
LEARNING OBJECTIVES

Describe the 4M’s of operations in


relation to the business opportunity
Appreciate the importance of production
process, business model and business plan
Apply the concept of 4M’s of production
in a small manufacturing business
4 PICS 1 WORD
MANPOWER
4 PICS 1 WORD
MACHINE
4 PICS 1 WORD
MATERIALS
THE THREE IMPORTANT ELEMENTS IN THE
PRODUCTION SYSTEM

PRODUCTION
INPUT PROCESS
OUTPUT

1. Manpower 1. Product
2. Materials a. Heterogeneous
3. Machine Product
4. Design b. Homogeneous
Product
5. Instructions
FOUR M’S IN THE PRODUCTION
SYSTEM
PRODUCT

The product is the physical output of the whole


production process. It should be valuable and beneficial to
the consumers and should satisfy their basic needs and
wants. A product can be heterogeneous or homogeneous
Heterogeneous Product - has dissimilar characteristics,
parts, and physical appearance.
Homogeneous Product - has a physical appearance, taste,
or chemical content that can hardly be distinguished from
that of the other products.
HOMOGENEOUS OR HETEROGENEOUS
HOMOGENEOUS OR HETEROGENEOUS
HOMOGENEOUS OR HETEROGENEOUS
HOMOGENEOUS OR HETEROGENEOUS
HOMOGENEOUS OR HETEROGENEOUS
PRODUCT
PRODUCT DESCRIPTION promotes and
explains what a product is and why it’s
worth buying.
Prototype is created before the massive
production of such product; an
entrepreneur must consider prototyping.
SUPPLIER - business partners
VALUE CHAIN VS. SUPPLY
CHAIN
Value chain is a method or activities by which a
company adds value to an item, with
production, marketing, and the provision of
after-sales service.
A supply chain is a structure of organizations,
people, activities, data, and resources involved
in moving a product or service from supplier to
customer.
VALUE CHAIN OR SUPPLY CHAIN
VALUE CHAIN OR SUPPLY CHAIN
VALUE CHAIN OR SUPPLY CHAIN
BUSINESS MODEL

Core
Values
Competencies
Distribution
Product
Cost Business
Model Partner and
Target Network
Customer

Management Services Marketing


BUSINESS MODEL

 Business model describes the factors of how an


organization creates, delivers, and captures value
in economic, social, cultural or other contexts.
The development of business model construction
and variation is also called business model
innovation and forms part of a business plan.

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