4Ms of Operation

1. 4MS OF OPERATIONS
•Manpower, Materials, Machine and
Method are the Four Ms, the traditional
framework for viewing the resources
available to a business, which can be
useful when designing a business plan.

3. PRODUCT PROTOTYPE
• Prototype is a preview
or early sample of a
product or idea you
plan to invest in and
eventually reproduce
in large quantities.
Whenever there ..

4. •A prototype is a functional, not final version
of a product or service that businesses can
use for testing, to solicit feedback, and to
introduce to investors before officially
launching to a wider market. Prototypes are
used to determine whether a design will work
and to make any necessary adjustments
before spending your valuable budget on
mass production.

5. BUSINESS MODEL
•A business model describes how an
organization creates, delivers, and
captures value, in economic, social,
cultural or other contexts. The process of
business model construction and
modification is also called business model
innovation and forms a part of business
strategy. Wikipedia

8. It is used because of
its pricing
structure, in which
a business will
charge customers a
recurring fee to
access their product
or service.

9. It should be adopted
by companies
This model is preferred
because everybody
likes free stuff, and
nobody wants to pay
money for something
they’re not sure will
work for them.

10. It should be
adopted when the
survival of a
company depends
on its ability to have
one or a few key
distribution
channels to connect
to its final user or
customer.

11. Consulting business
models as they don’t
have either the time or
expertise to do specific
tasks. This business
model should be
followed by those
companies whose
unique value
proposition is based on
the knowledge and
expertise of its people.

12. When it comes to
the small business
model, the direct
sales business
model involves
selling a product
directly to the
targeted customer.

13. KNOWLEDGE
CHECK!

14. Directions: Identify what is being asked in the following
statement.
1. It is a preview or early sample of a product or idea you plan to invest in and
eventually reproduce in large quantities.
2. This business model should be followed by those companies whose unique value
proposition is based on the knowledge and expertise of its people.
3. This model is preferred because everybody likes free stuff, and nobody wants to
pay money for something they’re not sure will work for them.
4. It describes how an organization creates, delivers, and captures value, in economic,
social, cultural or other contexts.
5. This business model involves selling a product directly to the targeted customer.
6. You don’t need to manufacture products of your own, you can comfortably engage
in this business model.
7. It is used because of its pricing structure, in which a business will charge customers
a recurring fee to access their product or service.