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Business implementations

are the driving force behind all activities striving to accomplish one or more objectives in a business plan

strategic plan

A _______ is essential for a business as it provides a clear direction to follow, ensuring the attainment of goals, providing value to customers, and, ultimately, achieving sucess

Forecasting

carefully assess the expected daily, monthly, and annual revenue. g past and present data and patterns to make predictions or estimates about future events or trends

Competition, macroeconomics, events, laws, season, employees

8 factors in sales forecasting

Cost per unit x Desired Markup

Markup =

Cost Per Unit x Markup Price

Selling Price =

Selling Price x Volume of Items Sold

Projected Daily Revenue =

Items Sold Daily x 30 Days

Projected Items Sold Monthly =

Selling Price x Projected Items Sold Monthly

Projected Monthly Revenue =

Items Sold Monthly x 365 Days

Projected Items Sold Annually =

Selling Price x Projected Items Sold Annually

Projected Annual Revenue =

financial ratio

______ compares two (2) numbers from a company's financial statements to show their relationship.

Profitability Ratio

It refers to a financial metric used to assess a company's profitability and ability to generate shareholder returns. I

return on equity (R0E)

The return on investments (ROI) is also called ____

operating income ratio

The ______ shows the percentage of profit a company can generate from each peso of its investment.

Return on Assets

is a measure of how well a company has used its asset

debt ratio

The _____ is a way to compare a company's total debt to its assets. It helps creditors and investors understand how much debt a company use

debt-to-equity ratio

The ______ shows how much of a company's balance sheet is financed by suppliers, lenders, creditors, and obligors compared to what shareholders have invested

Liquidity Ratio.

It refers to the company’s ability to pay its short-term obligations or liabilities.

Acid-Test Ratio

Quick ratio is also known as

Quick ratio

measures a company's short-term liquidity and ability to meet obligations with liquid asset

current ratio

The ______ shows a company's ability to pay short-term bills and debts.

value chain

The ______ represents a firm's internal activities when transforming inputs into outputs.

Value Chain Analysis (VCA)

is a process that involves identifying the primary and support activities of a particular organization or industry and capitalizing on these activities to reduce costs or increase differentiation.

Inbound logistics, operations, outbound logistics, marketing and sales, service.

Primary activities

Firm Infrastructure, Human resource management, technology development, procurement.

Secondary Activities

Inbound logistics

it involves raw materials handling and warehousing

Operations

It involves machining, assembling, and testing.

Outbound logistics

It involves warehousing and distribution of finished products

Marketing and sales

It involves advertising, promotion, and pricing channel relations

Service

It involves installation, repair, and parts

Firm infrastructure

It involves general management, accounting, finance, and strategic planning.

Human resource management

it involves recruiting, training, and development

Technology development

it involves research and development and product or process improvement.

Procurement

It involves purchasing raw materials, machines, and supplies

people strategy

A ______ is the organization’s prioritized people plan that enables a business to be successful by attracting, developing, retaining, and inspiring the workforce.

Recruiting, routing, retaining, resonating, reviewing, rewarding, retooling, recycling.

8Rs of HR

Recruiting

is the process of finding and attracting potential resources for filling up vacant positions in an organization.

Routing

When people are hired, their potential must be assessed regarding their ability to contribute to the organization in various functions and responsibilities several years late

Retaining

is holding on to people, provided that a company wants to keep them in the first place.

Resonating

Emphasizes that employees must embrace and internalize the company's goals to achieve these goals efficiently.

Reviewing

Measuring and evaluating their performance with the organizational goals in mind.

Rewarding

Concerned with compensating, giving incentives, and recognizing employees for their work, loyalty, and accomplishment, which can be monetary or non-monetary.

Retooling

This means re-orienting employees to the new directions of the enterprise, such as giving updates about the performance of an organization in a quarter or a year.

Recycling

This allows employees to change jobs or even careers.

Business Management Canvas

business model canvas, sometimes called a "______"

Business Modeling Canvas

merely a plan that outlines a company's financial goals. It explains who your customer base is, how a business provides value to them, and the specifics of financing that go along with it.

Customer Segment

These are the various groups of people or organizations that an enterprise aims to reach and serve.

Customer Relationship

Relationships can be personal or automated, transactional or long-term, and the goal can be to get new customers, keep existing ones, or increase sales.

Channels

These are ways a company reaches out to specific customer groups

revenue streams

this is where a business can verify the business model's profitability.

Key Activities

A business must take these most crucial actions to run smoothly

Key Resources

Necessary for each business model. A company can reach markets, maintain relationships with customer segments, and generate revenue thanks to its resources.

Key Partners

Relationships a business has with other people or organizations that make the business model work, such as suppliers, manufacturers, or advisors.

cost structure

is to help figure out how to focus on innovation and developing a value proposition

Value Proposition

Customers choose a business over others because of its ____, which meets their needs or solves the customers' problems.

Bureau of Internal Revenue Tax Identification Number.

To acquire all the necessary permits and licenses for your business, you must have a tax identification (TIN) number

Barangay clearance

certifies that your business complies with the requirements
of the barangay where it is situated

Department of Trade and Industry (DTI).

Business Name Registration Certificate You need to obtain a registration certificate

Mayor’s Permit/ Business Permit.

Getting a _____ from the mayor’s office ensures your business is safe under your city or town’s ordinance.

Securities & Exchange Commission (SEC) Registration Certificate.

You must secure this if your business falls under the corporation or partnership categories

Social Security System (SSS).

Employer's Registration will ensure employees are covered with insurance benefits like sickness, disability, maternity, and death per Republic Act No. 8282.

Philippine Health Insurance Corporation (PhilHealth)

Employer’s Registration will cover their employees’ health insurance.

Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno (Pag-IBIG)

Employer's Registration will benefit employees who intend to apply for housing loans