Business Enterprise Simulation - Management Study PDF

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Business Enterprise SimulationQuarter 3 - Module 5:Preparation of a Strategic Plan:Lesson 3 - Management StudySenior High SchoolWriter:ELSA A. LAQUINDANUMMaster Teacher-I San Isidro HSBacolor SouthEditors: JANE P. VALENCIA, EdD – Math/ABM Supervisor CHAIRMAN SHEILA MARIE ANN M. GALURA – Teacher II S...

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Senior High School

Business Enterprise Simulation Quarter 3 - Module 5: Preparation of a Strategic Plan: Lesson 3 - Management Study

Writer:

ELSA A. LAQUINDANUM Master Teacher-I San Isidro HS Bacolor South Editors: JANE P. VALENCIA, EdD – Math/ABM Supervisor CHAIRMAN SHEILA MARIE ANN M. GALURA – Teacher II SHARINETTE R. CORONEL – Teacher II

What I Need to Know This module was designed and written with you in mind. It is here to help you master the crafting of Enterprise Business Plan. The scope of this module permits it to be used in many different learning situations. The language used recognizes the diverse vocabulary level of students. The lessons are arranged to follow the standard sequence of the course. But the order in which you read them can be changed to correspond with the textbook you are now using. This Module 5 titled “Preparation of a Strategic Plan” is divided into three lessons, namely: •

Lesson 1 – Strategic Planning

•

Lesson 2 – Environmental Analysis

•

Lesson 3 – Management Study

After going through this module, you are expected to: 1. prepare a strategic plan outlining the competitive environment; 2. prepare a strategic plan focusing on the appropriate competition strategy; 3. conduct an environmental analysis; and 4. conduct a management study

What I Know

Multiple Choice. Encircle the letter of the correct answer. 1. _______________ exist because people working together can achieve more than a person working alone. A. Enterprise

C. Organization

B. Business Venture

D. Marketplace

2. This section should not only describe who's on the management team but how each person's skill set will contribute to the organizational goals and objectives. A. Management Planning

C. Strategic Planning

B. Market Planning

D. Financial Planning

3. The Enterprise Business Plan section that includes business name registration A. Enterprise study

C. Management study

B. Financial study

D. Marketing study 2

4. It is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors A. Sole Proprietorship

C. Limited-liability company

B. Business partnership

D. Corporation

5. These companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. A. Sole Proprietorship

C. Limited-liability company

B. Business partnership

D. Corporation

6. Organizations exist because people _________________ can achieve more than a person working alone. A. Eating together

C. Working together

B. Standing together

D. Sitting together

7. Management study section should not only describe who's on the management team but how each ___________________ set will contribute to the organizational goals and objectives. A. Person’s skill

C. Person’s personality

B. Person’s attitude

D. Person’s characteristics

8. Management study is the Enterprise Business Plan section that includes ________________________. A. Income statement

C. Organizational chart

B. Projected volume

D. Start-up Expenses

9. It is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors A. Sole Proprietorship

C. Limited-liability company

B. Business partnership

D. Corporation

10. These companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. A. Sole Proprietorship

C. Limited-liability company

B. Business partnership

D. Corporation

11. The first step in building an investor-ready personnel plan is: A. Describe the organizational structure B. Describe the team C. Explain the gaps D. Forecast personnel cost 12. These three group of individuals can play a key role in setting business strategy namely, EXCEPT; A. Advisors B. Board members C. Consultants D. Shareholders 3

13. In explaining the gap within the hired personnel from a certain period from startup you need to figure out the following, EXCEPT; A. Who you need to hire B. When you need to hire them C. What are your plans to correct problems D. Explain where your team is strong 14. In forecasting personnel cost, you must include the following expenses, EXCEPT; A. Salaries and wages B. Benefits like SSS, Philhealth and Pag-ibig Fund C. Taxes D. Representation 15. The 'management study section' describes the following, EXCEPT; A. management team B. staff and resources C. how the business ownership is structured D. target market Hooray! You have completed the Pre-Assessment Test. Now, let us get ready for the activities as we review your previous lessons.

Lesson Management Study 3 As you proceed to this module, you will understand the third section of an enterprise business plan. Do you see yourself managing your own dream business? If given such opportunity to do so, how are you going to accomplish it

A management plan describes how an organization or business is run. The 'management study section' describes the management team, staff, resources, and how the business ownership is structured; not only describe who's on the management team but how each person's skill set will contribute to the organizational goals and objectives.

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Let us recall and freshen up your memory by identifying the strengths, weaknesses, opportunities and threats that surround your business. Grab a pen and let’s begin!

What’s In

Let us recall back and freshen up your thinking by doing a SWOT analysis of your dream business based on our previous lesson. SWOT ANALYSIS Strengths

Weaknesses

Opportunities

Threats

Notes to the Teacher The teacher must consider the prerequisite skills needed in the development of this competency including the schema or background knowledge which may reinforce learning. This module will help the learners bridge the gap of learning to attain mastery of the lesson in its spiral progression.

As a facilitator you are expected to orient the learners on how to use this module. You also need to keep track of the learner’s progress while allowing them to manage their own learning. Furthermore, you are expected encourage and assist the learners as they do the tasks included in the module.

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What’s New

Have you ever wondered how an organizational chart was made? Let’s try to elevate your planning skills by filling out the table below. Grab a pen and let’s begin!

RAISE YOUR LEVEL OF MANAGEMENT SKILLS If you are managing your own business, therefore there are people under you. Let’s try to identify the people in your business and their role and responsibilities. Put inside the box the name of the person you wish to employ.

Owner/Manager Elisha Mae Laquindanum

Cashier

Sales Clerk 1

Sales Clerk 2

What is It

MANAGEMENT STUDY Enterprise Business Plan

As you can see on your Organizational chart, being an owner of a business is an advantage, it can make you the manager of your own organization. In your previous lesson, we have learned that in order to manage a dream business, you need to hire people who will help you run the business. In so doing, do you know that you are already forming an organization, particularly a business organization. In the formation of an organization, you need personnel. Would you like to become a best manager for your organization? If so, you must know first the 5 Key steps in building an investor-ready personnel plan. And that’s not all, you must know also what are the basic forms of business organization, as well as the additional types. Have I enlightened you somehow of what’s waiting for you in this lesson 3 of module 5? Let’s now take a peek of all of these.

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ORGANIZATION

PERSONNEL PLAN Personnel

Salaries and Benefits

Skills

Roles

Responsibilities

Cashier

₱ 6,000

Must know manual computations SHS graduate

Responsible for the cashiering system

Sales Clerk 1

₱ 4,500

Must know how to be charming with customers SHS graduate

To receive and give exact change to customers To assist customer’s needs

Owner/Manager

₱ 9,000

To purchase all supplies needed To oversee inventory system

Responsible for the whole operation of the store

Employee Benefits

₱

300

5 KEY STEPS TO AN INVESTOR-READY PERSONNEL PLAN

Describe the team

Forecast personne l cost

INVESTORREADY PERSONNEL PLAN

List advisors, consultants and board members

Describe the organizati onal structure

Explain the gaps

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Responsible for the customer’s care

BASIC FORMS OF BUSINESS ORGANIZATIONS

Hey buddy! More activities are waiting for you. It’s okay to take a break, but only for a while. Then go back to learning. Ready?

What’s More

Analyze carefully those ideas that can be interchange with your own ideas of the dream business venture you have in mind by filling the blanks. Copy the activities below in your paper and fill out the blanks with necessary data from your business. MANAGEMENT PLANS Independent Activity 1: Crafting the Management Study Elisha Mae A. Laquindanum having an extensive experience in finance and administrative aspect of a business shall handle the part, as for the part of management and marketing it will be tasked to staff, she will be hiring and trained. The company intends to hire ________________________ and __________________________ to handle _________________ and _____________________. 8

Independent Activity 2: Crafting the Personnel Plan As the personnel plan shows, _______________________________________________ expects to make _______________________ in ___________________________________. Personnel Personnel Plan Cashier

Skills

Roles

Responsibilities

Must know manual computations SHS graduate

To receive and give exact change to customers

Responsible for the cashiering system

Total People Total Payroll

Enterprise Form The enterprise is owned by _______________ taking the ____________________ form. Independent Activity 4: Describing the 5 Key steps of an Investor-ready Personnel Plan. Write your description below the steps in a separate sheet of paper. Describe the team it shall be composed of 3 personnel; the owner who act as manager, 1 cashier and 1 sales clerk

Describe the organizational structure

Forecast personnel cost

INVESTOR-READY PERSONNEL PLAN

List advisors, consultants and board members

Explain the gaps

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Independent Activity 5: Filling out of the Organizational Chart

Elisha Mae Laquindanum

Owner/Proprietor Name

Cashier Name Sales Clerk 1 Independent Activity 6: Crafting of the Personnel Duties and Responsibilities in the Business POSITIONS 1. Owner/Proprietor

DUTIES AND RESPONSIBILITIES Responsible for the over-all operations of the business

2. Cashier

Responsible for __________________________

3. Sales Clerk 1

Responsible for __________________________

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