Bus ethics q3 mod7 Ways to Improve Business Practices Guided by the Philosophies, Belief System or Filipino Values final PDF

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Business Ethics andSocial ResponsibilityQuarter 3 – Module 7: Ways toImprove Business PracticesGuided by the Philosophies,Belief System or Filipino ValuesBusiness Ethics and Social Responsibility – Grade 12 Alternative Delivery Mode Quarter 3 – Module 7: Ways to Improve Business Practices Guided by ...

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Business Ethics and Social Responsibility Quarter 3 – Module 7: Ways to Improve Business Practices Guided by the Philosophies, Belief System or Filipino Values

Business Ethics and Social Responsibility – Grade 12 Alternative Delivery Mode Quarter 3 – Module 7: Ways to Improve Business Practices Guided by the Philosophies, Belief System or Filipino Values First Edition, 2020 Republic Act 8293, section 176 states that: No copyright shall subsist in any work of the Government of the Philippines. However, prior approval of the government agency or office wherein the work is created shall be necessary for exploitation of such work for profit. Such agency or office may, among other things, impose as a condition the payment of royalties. Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names, trademarks, etc.) included in this module are owned by their respective copyright holders. Every effort has been exerted to locate and seek permission to use these materials from their respective copyright owners. The publisher and authors do not represent nor claim ownership over them. Published by the Department of Education Secretary: Leonor Magtolis Briones Undersecretary: Diosdado M. San Antonio

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Business Ethics and Social Responsibility Quarter 3 – Module 7: Ways to Improve Business Practices Guided by the Philosophies, Belief System or Filipino Values

Introductory Message This Self-Learning Module (SLM) is prepared so that you, our dear learners, can continue your studies and learn while at home. Activities, questions, directions, exercises, and discussions are carefully stated for you to understand each lesson. Each SLM is composed of different parts. Each part shall guide you step-bystep as you discover and understand the lesson prepared for you. Pre-tests are provided to measure your prior knowledge on lessons in each SLM. This will tell you if you need to proceed on completing this module or if you need to ask your facilitator or your teacher’s assistance for better understanding of the lesson. At the end of each module, you need to answer the post-test to selfcheck your learning. Answer keys are provided for each activity and test. We trust that you will be honest in using these. In addition to the material in the main text, Notes to the Teacher are also provided to our facilitators and parents for strategies and reminders on how they can best help you on your home-based learning. Please use this module with care. Do not put unnecessary marks on any part of this SLM. Use a separate sheet of paper in answering the exercises and tests. And read the instructions carefully before performing each task. If you have any questions in using this SLM or any difficulty in answering the tasks in this module, do not hesitate to consult your teacher or facilitator. Thank you.

What I Need to Know

Socio-economic challenges in the Philippines develop a sustainable business. From the past modules, you have learned about Philosophies, Belief Systems, and Filipino Value System Influencing Our Business Practices. As you go through this module, you will learn about ways to improve business practices guided by philosophies, belief systems, or Filipino values. You are expected to: 1. enumerate ways to improve business practices; 2. explain how philosophies, Filipino belief systems, and values contribute to the improvement of business; and 3. describe how the Filipino value system affects the attitudes of business constituents.

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What I Know Directions: Given the position of a manager in a restaurant, you were assigned to make your plan regarding “New Normal” set up. Consider the aspects below and write in one to two sentences on a separate sheet of paper. A. Safety Protocols B. Dine-in Meals C. Pricelist D. Events E. Take-out Meals F. Method of Payment

Rubrics: Unity of ideas Clarity of explanation Mechanics

2 points 2 points 1 point 5 points

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Lesson

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Ways to Improve Business Practices Guided by the Philosophies, Belief System, or Filipino Values

What’s In Directions: Given the Filipino value systems that you have learned, choose five from the box and define briefly. Write your answers on a separate sheet of paper. A. Bahala na B. Utang-na-loob C. Ningas-cogon D. Padrino system E. Amor propio/ self-respect F. Maňana habit G. Delicadeza H. Hiya

I. Pakikisama/pakikipagkapwa-tao J. Family orientation K. Suki system L. Bayanihan/team spirit M. Palabra de honor N. Lakas ng loob O. Pakikipagsapalaran P. Frugality/pagtitipid

1. ___________________________________________________________________________ ___________________________________________________________________________ 2. ___________________________________________________________________________ ___________________________________________________________________________ 3. ___________________________________________________________________________ ___________________________________________________________________________ 4. ___________________________________________________________________________ __________________________________________________________________________ 5. ___________________________________________________________________________ __________________________________________________________________________

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What’s New

Directions: Assuming that you are a proprietor of a car company, what are the strategies/ways to make your business unique from other car companies? How can you be a S.M.A.R.T. proprietor? Write your answers on a separate sheet of paper. __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________

Rubrics: Unity of ideas Clarity of explanation Mechanics

2 points 2 points 1 point 5 points

Notes to the Teacher / Facilitator This module aims to emphasize the philosophies, belief systems, or Filipino values to improve business practices. Students are expected to give their own strategies.

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What is It

As a business owner, you are probably aware of where your business could improve. Sometimes business owners want to improve their business but are not sure how to begin. This is an overview of some key steps you can take to start improving your business. Assess your situation Before you start making changes, it is a good idea to make sure you have a full understanding of the factors affecting your business success. These may include your current business practices, market trends, or changes to the wider environment in which you operate. Tools that can help you assess your business' situation include: • SWOT-analysis — helps you identify your business' strengths, weaknesses, opportunities, and threats. • Benchmarking — measures your business’ performance against similarsized businesses in your industry. • Market research — investigates your business' market and industry to identify trends, changes, and customer or client demands. • Trend analysis — uses business data collected over time to identify consistent results or trends. • Webinars (web-based seminars) — provide useful information to help develop your business skills. Set clear goals Business goals can be as broad or as specific as you want them to be. Writing down your goals clearly will make it easier for you to achieve them. Make sure your goals are S.M.A.R.T.: • Specific — state clearly what you want to achieve. • Measurable — make sure you can evaluate the success. • Achievable — check if your objective is something you have the time and resources to meet. • Relevant — make sure your objectives improve profit drivers and improve some part of your business. • Timely — set a specific date for completion. Once you have written down your goals, you should prioritize them to decide which ones to focus on first. Some goals may need to be more urgent than others. It is also important to recognize that some goals will need to be addressed with a long-term strategy as you will not be able to meet them immediately because of resources, finances, or time.

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Identify strategies for achieving your goals Review your goals and list the factors you think are creating your current circumstances. Think about what strategy you could use to improve the situation. Depending on the goals you are trying to meet, you may want to think about using the services of a business professional such as a professional trainer, contractor, or business adviser. Think realistically about what you can do yourself and where you may benefit from some support. Develop a plan for implementing your strategies To achieve your goals, you need to work out how to implement your strategies. Strategies often include several specific actions or tasks. It is a good idea to develop a plan on how you will do this. Write your plan in a format that suits you. It should include: • a time frame — how long a task will take to complete as well as the start and finish dates. • actions — state the individual actions as precisely as you can. • responsibilities — assign accountability for each action so everyone knows precisely what you expect from them and who is responsible for ensuring the work is done. • resources — list budget, staff, or supplies needed to complete each action. • a desired outcome — state how you will know that the action has been completed. When you have developed your plan, you might want to also update your overall business plan. Measure the results Establishing how you will measure the results that you want to achieve may be as simple as checking what you have completed. With larger goals, you may have to establish a more complex measurement process like increasing profit by a set percentage, or gaining a particular number of new clients. With these types of goals, it can also be useful to set points to measure their success as you are working on them. This will help you keep your plan on track. Consider how often you want to measure your business achievements. This can also help you set new goals regularly. Learn more about measuring the success of your innovation.

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What’s More

Directions: Match the terms in Column A to their corresponding definition/description in Column B. Write the letter of your answer on a separate sheet of paper. A

B A. investigates your business' market and industry to identify trends, changes, and customer or client demands

1.

Specific

2.

SWOT-analysis

B. measures your business' performance against similar sized businesses in your industry

3. 4.

Timely Trend analysis

C. states clearly what you want to achieve D. check if your objective is something you have the time and resources to meet

5.

Market research

E. uses business data collected over time to identify consistent results or trends

6.

Relevant

F. provide useful information to help develop your business skills

7. 8.

Achievable Benchmarking

G. set a specific date for completion H. helps you identify your business' strengths, weaknesses, opportunities, and threats

9.

Webinars

I. make sure you can evaluate success

10. Measurable

J. make sure your objectives improve profit drivers and improve some part of your business

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What I Have Learned

Directions: Complete the sentence below and write your answers on a separate sheet of paper. I have learned that in order to improve business practices, the key steps are _____ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ _________________________________________________________________________________.

What I Can Do

Directions: Assuming that you are a seller in a famous e-commerce platform in the Philippines, think of at least one way to improve your business guided by philosophies and Filipino belief system or values. Write your answers on a separate sheet of paper. __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________

Rubrics: Clarity of explanation Unity of ideas Mechanics

5 points 3 points 2 points 10 points

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Assessment

Directions: Based on the steps/ways of improving business practices. Write ten (10) ways to improve business practices in your own words on a separate sheet of paper.

1. _____________________________________________________________________ 2. _____________________________________________________________________ 3. _____________________________________________________________________ 4. _____________________________________________________________________ 5. _____________________________________________________________________ 6. _____________________________________________________________________ 7. _____________________________________________________________________ 8. _____________________________________________________________________ 9. _____________________________________________________________________ 10. ____________________________________________________________________ Rubrics: Clarity of explanation Unity of ideas Grammar/ spelling

5 points 3 points 2 point 10 points

Directions: Write True if the idea is correct and False if it is not. Write your answers on a separate sheet of paper. 11. Business goals can be as broad or as specific as you want them to be. 12. Think realistically sometimes about what you can do yourself and where you may benefit from some support. 13. To achieve your goals, you need to work out how to implement your strategies. 14. Before you start making changes, it is a good idea not to make sure you have a full understanding of the factors affecting your business success. 15. Consider how often you want to measure your business achievements - this can also help you set new goals regularly.

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Additional Activities

Directions: Given a chance to be a businessman, make a business plan and strategy you may use to have a successful business. Write your answers on a separate sheet of paper. Rubrics: Unity of ideas Clarity of explanation Mechanics

2 points 2 points 1 point 5 points

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11 What I Know Answers may vary

What’s In Answers may vary

What’s New Answers may vary

What’s More 1. c 2. h 3. g 4. e 5. a 6. j 7. d 8. b 9. f 10. i

What I Have Learned Answers may vary

What I Can Do Answers may vary

Additional Activities Answers may vary

Answer Key

Assessment 1-10 – Answers may vary 11. TRUE 12. FALSE 13. TRUE 14. FALSE 15. TRUE

References Manongdo, Ping. 2017. 3 Ways to Jumpstart Sustainable Business in the Philippines. Eco-Business. Retrieved from https://www.ecobusiness.com/news/3-ways-to-jumpstart-sustainable-business-in-thephilippines/ Queensland Government. 2020 Tips for Improving Your Business. Retrieved from https://www.business.qld.gov.au/running-business/growing-business/tipsimproving

Rodriguez, Jeorge. 2013. 10 Ways to Improve Your Business Operations. PowerhomeBiz.com. Retrieved from https://www.powerhomebiz.com/managing-and-growing/managing/10ways-to-improve-your-business-operations.htm

Wolf, Carolina. 2008. Understanding Our Filipino Values System. The Filipino Mind. Retrieved from https://www.thefilipinomind.com/2008/01/chapter-viunderstanding-filipino-value.html

Zahorsky, Darrell. 2020. 10 Straightforward Ways to Improve Your Small Business. Retrieve from https://www.thebalancesmb.com/improve-your-smallbusiness-2951413

2018.

Understanding Business Culture in the Philippines. Retrieved from https://emerhub.com/philippines/understanding-business-culture-in-thephilippines

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For inquiries or feedback, please write or call: Department of Education – Region III, Schools Division of Bataan - Curriculum Implementation Division Learning Resources Management and Development Section (LRMDS) Provincial Capitol Compound, Balanga City, Bataan Telefax: (047) 237-2102 Email Address: [email protected]...