M10-Management Plan

MANAGEMENT
ASPECT FOR
ENTREPRENEURS
WEEK 10 - MODULE 10
LEARNING OUTCOMES:
TOPIC 1: OPERATIONAL PLAN
Describe what is the operational plan in the business plan.

Identify the equipment and facilities that the business needs and how to acquire these.
Prepare an operational plan
TOPIC 2: MANAGEMENT PLAN
Identify the concept of management

Describe the nature and scope of management
Enumerate the primary forms of management in entrepreneurship
Recognize the various levels of management
Identify and classify the different government agencies and areas for registration
OPERATIONS PLAN
The operations plan describes how you will make your product or carry out the
service. It also provides details on the physical location, facilities, and equipment
that would be needed to produce the product or deliver the service.
Operations plan presents how the business will ensure product or service quality
and productivity and safety of the whole operations.
Physical resources include land, building and other structures, machinery, and
equipment. These are the tangible assets that the cooperative will use to
produce the product or deliver the service.
Work Process and System. This part of the Operations Plan will describe how the
business will be operated from sourcing of inputs to after sales services. The
process will vary depending on your business. You will also need to show how you
will ensure product or service quality and the health and safety of workers.
MANAGEMENT The Management Plan section describes how the
cooperative business will be structured. It also
PLAN identifies the human resources and skills that

the business will need to meet the demands of
customers.
The organization chart is a diagram showing the

structure of the business. It is drawn using
boxes for the job titles or functions and
vertical lines to demonstrate the reporting
relationships of supervisors and their reporting
staff.
DEFINITIONS OF MANAGEMENT
The coordination and William Spriegal, Basically, management It involves coordinating
administration of Management is that is the process of the efforts of people
tasks to attain a function of an enterprise planning, organizing, to accomplish
goal is referred to as which concerns itself leading, and controlling objectives and make
management. with direction and an organization's the best use of
control of the various resources to achieve available resources.
The seniority activities to attain its goals efficiently and
structure of business objectives. effectively.
employees inside a
company is also
referred to as
management.
NATURE OF Universal: Management principles are
applicable to all types of organizations.
MANAGEMENT
Continuous Process: Management is an ongoing
activity involving planning, organizing, leading,
and controlling.
Goal-Oriented: Management aims to achieve

the organization's objectives
Authority System: A command and control

system hierarchy is represented by
management at various levels.
1. Financial Management: Involves managing
financial resources, budgeting, and financial SCOPE OF
decision-making.
2. Human Resource Management: Focuses on
hiring, training, motivating, and retaining
MANAGEMENT
employees.
3. Marketing Management: Concentrates on
product promotion, sales, and market
research.
4. Operations Management: Ensures efficient
production and delivery of products or
services.
5. Strategic Management: Concerned with long-
term planning and overall direction of the
organization.
MANAGEMENT
PLANNING. Is the most basic and prevalent. It is about understanding
what is to be done, how to do it in order to complete the task, and
when it must be completed.
FUNCTIONS OR Setting organizational goals and determining the best course of

action to achieve them.
MANAGEMENT ORGANIZING. The basic process of combining and integrating human,

physical, and financial resources in order to achieve company
PROCESS objectives to implement the plans effectively.
It entails creating a framework that helps employees know their

roles, responsibilities, and how they fit into the larger picture.
Organizing ensures that resources are allocated effectively and

that the organization's efforts are coordinated for maximum
productivity.
It's about creating order and clarity in the workplace, which can
lead to smoother operations and better results.
STAFFING. Hiring suitable personnel to carry out the tasks after
determining objectives, formulating strategies, policies, programs,
procedures, rules to achieve them, and so on.
MANAGEMENT
The process of acquiring, developing, and retaining the right people
with the necessary skills, knowledge, and abilities to fulfill the FUNCTIONS OR
organization's objectives.
This function ensures that the organization has the appropriate
workforce in terms of both quantity and quality. MANAGEMENT
Identifying competent and trained people
Efficiency and success of an organization are significantly
dependent on the quality of its workers PROCESS
No organization can ever be better than its people, and managers
must treat hiring as seriously as any other function.
DIRECTING. Is the process of motivating people to do their best work

and contribute their full potential to the attainment of the company’s
objectives.
The jobs of the subordinates must be explained and defined and must
be coached in work performance
Subordinates must be inspired to put up their best efforts with
passion and motivation.
MANAGEMENT COORDINATING. The process of connecting all of the organization‘s
decisions, operations, and activities, and efforts in order to achieve
FUNCTIONS OR organizational goals through unity and action.
It's about ensuring that everyone is on the same page,

MANAGEMENT communicating well, and that the pieces of the puzzle fit together
smoothly to achieve the desired results.
PROCESS In essence, coordinating is the act of keeping everything in sync to

make the organization run effectively and efficiently.
CONTROLLING. Ensures that divisional, departmental, sectional, and

individual results are in line with predetermined goals and objectives.
Monitoring and evaluating performance to ensure goals are met.

1. TOP MANAGEMENT. Is the ultimate source of
LEVELS OF
authority, and sets the company’s goals, rules,
and plans.
MANAGEMENT
It is also known as the policy-making body in
charge of the company’s overall direction and
success.
Consists of owners/shareholders, Board of
Directors, its Chairman, Managing Director, or
the Chief Executive, or the General Manager
or Executive Committee having key officers.
2. MIDDLE MANAGEMENT. Its job is to put top LEVELS OF
management’s policies and plans into actions.
It acts as a vital link between top-
management and lower-level management.
MANAGEMENT
They dedicate more time to the management
duties of organization and motivation.
Consists of functional department heads,
such as the purchasing manager, production
manager, marketing manager, financial
controller, and divisional and sectional
officers.
3. Lower Level or Operative Management. This LEVELS OF
level of management as at the bottom of the
management structure, and is responsible for
real operations.
MANAGEMENT
They have direct contact with the
workers and invest more time in
overseeing the staff and day-to-day
operations.
Is made up of superintendents, foreman,
supervisors, team leader, sales officers,
accounts officers, and others make up this
group.
DIFFERENT GOVERNMENT
AGENCIES AND AREAS FOR
REGISTRATION
REGISTRATION
REGISTRATION
REGISTRATION
THANK YOU FOR
YOUR ATTENTION!

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MANAGEMENT

Describe what is the operational plan in the business plan.

TOPIC 2: MANAGEMENT PLAN

Identify the concept of management

PLAN identifies the human resources and skills that

The organization chart is a diagram showing the

Goal-Oriented: Management aims to achieve

Authority System: A command and control

FUNCTIONS OR Setting organizational goals and determining the best course of

MANAGEMENT ORGANIZING. The basic process of combining and integrating human,

It entails creating a framework that helps employees know their

Organizing ensures that resources are allocated effectively and

DIRECTING. Is the process of motivating people to do their best work

FUNCTIONS OR organizational goals through unity and action.

It's about ensuring that everyone is on the same page,

PROCESS In essence, coordinating is the act of keeping everything in sync to

CONTROLLING. Ensures that divisional, departmental, sectional, and

Monitoring and evaluating performance to ensure goals are met.

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