Products and Services Available in the Market PDF

Products and Services Available in the Market Lesson 1: Value/Supply Chain in Relation to the Business Enterprise Lesson 2: Recruit the Qualified People for one’s Business Enterprise Lesson 3: Developing the Business Model Come, Holy Spirit, Divine Creator, true source of light and f...

Products and Services Available in the Market Lesson 1: Value/Supply Chain in Relation to the Business Enterprise Lesson 2: Recruit the Qualified People for one’s Business Enterprise Lesson 3: Developing the Business Model Come, Holy Spirit, Divine Creator, true source of light and fountain of wisdom! Pour forth your brilliance upon my dense intellect, dissipate the darkness which covers me, that of sin and of ignorance. Grant me a penetrating mind to understand, a retentive memory, method and ease in learning, the lucidity to comprehend, and abundant grace in expressing myself. Guide the beginning of my work, direct its progress, and bring it to successful completion. This I ask through Jesus Christ, true God and true man, living and reigning  Specific Objectives: 1. Differentiate value chain from supply chain. 2. Enumerate and discuss the steps in the value chain and functions in the supply chain. 3. Define and discuss recruitment process. 4. Develop a business model. Lesson 1: Value/Supply Chain in Relation to the Business Enterprise  Value Chain refers to the method within which business receive raw materials, add value to them through production, manufacturing, and other processes to form a finished product, and so sell the finished product to consumers.  Supply Chain comprises the flow of all information, products, materials, and funds between different stages of making and selling a product to the end-user.  Five steps in the value chain process: 1. Inbound Logistics: Receiving, warehousing, and internal control. 2. Operations: Value-creating activities that transform inputs into products, like assembly and manufacturing. 3. Outbound Logistics: Activities required to urge a finished product to a customer. These include warehousing, inventory management, order fulfillment, and shipping. 4. Marketing and Sales: Activities related to getting a buyer to buy a product. 5. Service: Activities that maintain and enhance a product's value, like customer support and warranty service.  Functions of a Supply Chain: Purchasing b. Sales & Operations Planning/ Marketing c. Production d. Distribution e. Finance f. Resource Management g. Information Workflow Lesson 2: Recruit the Qualified People for one’s Business Enterprise  RECRUITMENT is the process of finding and hiring the most effective and most qualified candidate for employment opening, in an exceedingly timely and cost-effective manner.  Reasons why a recruitment process is important: 1. To ensure proper alignment of skill sets to organizational goals. Through recruitment, organizations ensure that the skill sets of the staff or manpower of the corporate remains aligned to its initiatives and goals.  Reasons why a recruitment process is important: 2. To ensure effective and efficient recruiting. Effective recruiting implies that the person employed for the duty is that the very best candidate for it, with all the desired skills, talents, and qualifications of the duty. Efficient recruiting, on the opposite hand, implies that the method has been distributed without incurring lots of costs on the part of the organization.  Reasons why a recruitment process is important: 3. To ensure compliance with policies and laws. There are various rules, laws, and regulations that organizations must adhere to when it involves its human resources management. civil rights employment and non-discrimination in hiring are two of them.  The Recruitment Process Step 1: Conduct of a job analysis Basically, this step will allow the human resources manager, hiring manager, and other members of management on what the new employee are required to try and do within the position that is currently open for filling up. According to human resource managers, the position or job description is that the “core of a successful recruitment process”. After all, it's the most tool employed in developing assessment tests and interview questions for the applicants.  The Recruitment Process What does this stage entail? a. Build a job description which includes: Title and other general information about the position Purpose of the position within the unit, department, an organization as whole Essential functions of the duty or position Minimum requirements or basic qualifications b. Review the job description. c. Set minimum qualifications for the employee who will do the job. d. Define a salary range.  The Recruitment Process Step 2: Sourcing of talent This is the stage where the organization will let or not it's known to everyone that there's an open position, which they're trying to find someone to fill it up.  The Recruitment Process Step 3: Screening of applicants This is where the applicants’ skills and personalities are going to be tested and evaluated, to determine whether they are a decent fit the work and its description. It involves the following activities: Preliminary screening Initial interview Conduct of various tests for recruitment Final interview Selection.  The Recruitment Process Step 4: Finalization of the job offer The last step of the previous phase involves the choice of the simplest candidate out of the pool of applicants. it's now time for the organization to supply the work to the chosen applicant.  The Recruitment Process Step 5: Introduction and induction of the new employee The induction process will now begin. Usually, the start of the induction process is marked by the signing of the employment contract, along with a welcome package given to the new employee. The date for the primary day that the worker will should report for work and begin working within the company are determined and communicated to the newly hired employee.  THE 7 C'S: HOW TO FIND AND HIRE GREAT EMPLOYEES 1. COMPETENT 2. CAPABLE 3. COMPATIBLE 4. COMMITMENT 5. CHARACTER 6. CULTURE 7. COMPENSATION Lesson 3: Developing the Business Model  Developing the Business Model A business model describes how an organization creates, delivers, and captures value.  THE 9 BUILDING BLOCKS OF A BUSINESS MODEL CANVASS The Business Model Canvas categorizes the processes and internal activities of a business into 9 separate categories, each representing a building block within the creation of the merchandise or service. These categories represent the four major aspects of a business; customers, offer, infrastructure, additionally as financial viability.  THE 9 BUILDING BLOCKS OF A BUSINESS MODEL CANVASS 1. Customer Segments - is an essential a part of an organization’s business model and is essential to making sure that the merchandise features are aligned with the segment’s characteristics and needs. 2. Value Propositions - is the combination of products and services it provides to its customers. 3. Channels - he medium through which a corporation provides its value proposition to its customer segment.  THE 9 BUILDING BLOCKS OF A BUSINESS MODEL CANVASS 4. Customer Relationships An organization must select the type of relationship it will have with its customer segment to make financial success and sustainability. 5. Revenue Streams - is the methodology a corporation follows to induce its customer segments to buy its product or service. 6. Key Resources These are the assets of the organization fundamental to how it provides value to its customers. Resources may be categorized as human, financial, physical, and intellectual.  THE 9 BUILDING BLOCKS OF A BUSINESS MODEL CANVASS 7. Key Activities Activities that are key to producing the company’s value proposition. An entrepreneur must start by listing the key activities relevant to his/her business. 8. Key Partnerships - are the network of suppliers and partners who complement one another in helping the company create its value proposition. 9. Cost Structure - this defines the price of running a business per a selected model.  Performance 2.3 “Build your Future” Create a Flyers or leaflets of your own business that you want to put in the future. Do this in an Oslo paper. A. Innovated Product B. Hiring/Recruitment process. Rubrics: Content 10 Creativity 10 Neatness 5 Total 25