Industries-Last-lesson Industries PowerPoint PDF

Type of Industri es  Objective  identify the different types of industries;  distinguish the different products and services of the business industries.  discuss industry and environmental analysis as a tool in evaluating business opportunities;  apply SWOT analy...

Type of Industri es  Objective  identify the different types of industries;  distinguish the different products and services of the business industries.  discuss industry and environmental analysis as a tool in evaluating business opportunities;  apply SWOT analysis as a tool in evaluating a business opportunity.  select business opportunities appropriate in your locality.  Types of Industries  This lesson will focus on industries, although many school textbooks list only three levels, more advanced books classify industry into five levels. The terms for each level originate from Latin words referring to the numbers one to five.  Classification of Industries Primary Working with or e.g. mining extraction of raw activities, fishing materials/natural forestry and resources agriculture Secondary Making or converting e.g. car raw materials into manufacturing, usable products bakeries through processing and manufacturing. Tertiary Service industries or transportation, providing essential finance, utilities, services and support retail, housing, to allow other levels banking, and other of industry to services function. Quaternary Dramatic growth ICT industries, R of this new sector. & D industries- Working with eg.Synergy, creation and Lexmark R & D, transfer of STRAND information (ICT, media sharing) including research and development. As well as knowledge based services like consultation. Quinary control the industrial Eg. Government and government Owned Controlled decision-making Corporation processes includes Executives, industry executives  In the Philippines, we use the Philippine Standard Industrial Classification (PSIC). The PSIC is a detailed classification of industries prevailing in the country according to the kind of productive activities undertaken by establishments. The 2009 PSIC was patterned after the UN International Standard Industrial Classification (ISIC) Rev. 4, but with some modifications to reflect national situation and requirements.  The following are major industries in the Philippines:  Agribusiness - a business that earns most or all of its revenues from agriculture. An agribusiness tends to be large scale operations and deals with farming, processing and manufacturing, packaging and distributing agricultural products.  List of Agribusiness in the Philippines Name of Agribusiness Description Hog/Pig Raising Swine raising is raising and breeding of domestic pigs as livestock. Poultry Farming Raising of domesticated birds such as chickens, ducks, turkeys and geese to produce meat or eggs for food Cattle Raising Raising of cattle for milk, beef, and hides. Goat Raising Raising goat for milk and meat Rice Farming Planting rice for rice production Vegetable Farming Planting veggies is an agribusiness specially learn how to plant off – season varieties. Fish Pens Raising fish in a pen such as catfish, oyster, prawns, pangasius, bangus or tilapia is fun and exciting business, each species needs different environment to  These are list of some profitable agribusiness out there these are processed fruits and vegetable, seaweeds, tropical fruit purees and juices, fresh tropical fruits, sugar, bio ethanol and others.  Manufacturing  The process of converting raw materials, components, or parts into finished goods that meet a customer’s expectations or specifications. There are many laws and regulations that govern the manufacturing industry. The business will be require to conform to all the licensing bodies may it be the government or the local authority’s requirements.  Some of the best small manufacturing businesses that can be carried out at your residence are: 1. Furniture Making – make or create furniture such as lockers, bookshelves, showcases, chairs, tables, etc. 2. Drinking Water Business- Business that sell drinking water package in a plastic bottles or container. 3. Soap Manufacturing business- business that produce different soap products. 4. Commercial Bread Making- bread making is easy and simple business that can be done at home  Retail and Services  Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit and usually it’s done directly to its final consumer. Retailing includes subordinated services, such as delivery. The term “retailer” is also applied where a service provider services the small orders of a large number of individuals. Recently, online retailing, a type of electronic commerce used for business – to – consumer (B2C) transactions and mail order, are forms of non – shop retailing.  Types of Retail Products: 1. Food products – typically require cold storage facilities. 2. Hard goods or durable goods – these are automobiles, appliances, electronics, furniture, sporting goods, lumber, etc., and parts for them. Goods that do not quickly wear out and provide utility over time. 3. Soft goods or consumables – clothing, other fabrics, footwear, cosmetics, medicines and stationery. Goods that are consumed after one use or have limited period (typically under three years) in which you may use them. 4. Arts – Contemporary art galleries, Bookstores, Handicrafts, Musical instruments, Gift shops, and supplies for them.  On the other hand, The typical service business provides intangible products, such as accounting, banking, consulting, cleaning, landscaping, education, insurance, treatment, and transportation services.  International Trade  International trade is the exchange of capital, goods, and services across international borders or territories, significant share of gross domestic product (GDP). While international trade has been present throughout much of history its economic, social, and political importance has been on the rise in recent countries. It is the presupposition of international trade that a sufficient level of geopolitical peace and stability are prevailing in order to allow for the peaceful exchange of trade and commerce to take place between nations.  Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found on international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting, and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Import and exports are accounted for in a country’s current amount in the balance of payments. ACTIVITY  Recommend a manufacturing ideas/products that are profitable and trendy this days. At least 100 words. PRINCIPLES IN CREATING A BUSINESS LESSON 3-FINALS  Principles in Creating a Business  1. Scalability- A business must be scalable for it to be successful. Scalability is the capability of a company to sustain or improve its performance in terms of profitability or efficiency when its sales volume increases.  2. Big Ideas- A business is no more effective than the idea upon which it is built. Business creates its own plan to expand its economic growth.  3. Systems- A business is a system in which all parts contribute to the success or failure of the whole. In this system, everything must work together from employee to president; from equipment to resources.  4. Sustainability- A business must be dynamic- able to thrive through all economic conditions, in all markets, providing meaningful highly differentiated results to all of its customers. Such differentiation is the key to survival.  5.Growth- Growth is essential in business. Without continued growth, operations will stagnate. This can result in lowered standards of quality for products or services, decreased customer service, and poor employee morale.  6. Vision- A business must manifest the higher purpose upon which it was seeded, the vision it was meant to exemplify, the mission it was intended to fulfil.  7. Purpose- A business is the fruit of a Higher Aim in the mind of the person who conceived it.  8. Autonomy- A business is not part of the owner's life, but is, in fact, its own entity.  9. Profitability- A business is an economic entity, driving an economic reality, creating an economic certainty for the communities in which it thrives.  10. Standards- A business creates a standard against which all businesses are measured as either successful, or not. ACTIVITY  Name a company that you want to work with in the future. Using the difficult person test, how are you going to become an asset to the company. Example:  Company Name:  Result of DPT:  Tools in evaluating the business  1. Use technology to speed up workflow  Businessesshould be looking to innovations in technology to solve day-to-day inconveniences and to increase efficiency. 2. Shorter meetings fuel efficiency  Hold a brief meeting standing up, every morning, where each person explains what they are going to work on that day to ensure everyone is on the right track and not wasting time on non- urgent tasks.  3. Smart office space pays  Office space can involve a big outlay for SMEs, but it is also an area where some smarter thinking can make a real difference. 4. Advertisement  Advertisingkeeps your business top of mind so consumers think of it when they require or need a service or product.  5. Small changes, big savings  One way of improving efficiency is for business owners to make small changes to the way they handle their company's expenses. 6. Keep a firm grip on cash flow  -"Cash is King not profit”. Ensure the right management of your inflow and outflow of cash.  7. Stay connected on the move  The growing trend towards mobile and flexible working means that employees are permanently connected and on the go. 8. Use time more efficiently  Being more efficient is more about being than doing. It's probably 90% mindset, (Allan, 2013). In addition, “The shorter the amount of time you allow yourself, the more you will get done”.  9. Get the best deal on insurance  Businesses need insurance because it helps cover the costs associated with property damage and liability claims.  10. Don't be lax with the legal  In the hectic process of starting up a business, the founders often put off sorting out the legal matters until later, or not at all.