4M’s of Production and Business Model

Manpower

talks about the human labor force involved in the manufacture of products.

Manpower

educational qualifications and experience, status of employment, numbers of workers required, skills and expertise required for the job.

Material

talks about raw materials necessary in the production of a product. It is mainly form part of the finished product.

Machine

discusses about manufacturing equipment used in the production of goods or delivery of services.

Method

production _ discusses the process or way of transforming raw materials to finished products. The resources undergo some stages before it is finalized and becomes set for delivery to the target buyers.

Product Description

is the promotion that explains what a product is and why it’s worth buying?

Supplier

an entity that offers goods and services to another business. This entity is part of the supply chain of a business, which may offer the main part of the value contained within its products.

Prototyping

a duplication of a product as it will be produced, which may contain such details as color, graphics, packaging and directions.

Value Chain

it is a method or activities by which a company adds value to an item, with production, marketing, and the provision of after-sales service.

Supply Chain

it is a structure of organizations, people, activities, data, and resources involved in moving a product or service from supplier to customer.

Business Model

describes the reasons of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts.

Identifying the specific audience.

Establishing business process.

Recording a business resources.

Developing strong value proposition.

Determining key business partners.

Creating a demand for today’s generation strategy

Important Phases in Developing a Business Model

Business Plan

it is an important tool for you to have an idea about the future of your business.

Introduction

Executive Summary

Management Section

Marketing Section

Financial Section

Production Section

Competitive Analysis

Market

Organizational Chart

Components of a Business Plan