lOMoARcPSD|32862729 Q2-Entrepreneurship Module-1 Business Administration (Tarlac State University) Studocu is not sponsored or endorsed by any college or university Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 Senior High School Entrepreneurship Quarter 2 – Module 1- Lesson 2: The Supply Chain and the Recruitment Process in Relation to the Business Enterprise Writer: LOVE JOY C. OCAMPO T-II – DIOSDADO MACAPAGAL MEMORIAL HS Editors: JANE P. VALENCIA, EdD – Math/ABM Supervisor CHAIRMAN ` Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 What I Need to Know This module was designed and written with you in mind. It is here to help you to describe the The Supply Chain and the Recruitment Process in Relation to the Business Enterprise. The scope of this module permits it to be used in many different learning situations. The language used recognizes the diverse vocabulary level of students. The lessons are arranged to follow the standard sequence of the course. But the order in which you read them can be changed to correspond with the textbook you are now using. The module is composed of one lesson and sub-topics, namely: Lesson 2 – The Supply Chain and the Recruitment Process in Relation to the Business Enterprise After going through this module, you are expected to: 1. Select potential suppliers of raw materials and other inputs necessary for the production of the product or service. 2. Discuss the Supply chain in relation to the business enterprise 3. Know the process on how to recruit qualified people for one’s business enterprise. What I Know Hi! Good job on your progress, we are now moving forward to our next lesson. As our practice we will have first our diagnostic test to check your prior knowledge about the current lesson . If you got a perfect score, you can skip this lesson and proceed to the next module, but if you didn’t get a perfect score, you don’t have to worry because this module will help and guide you to understand the topic Are you ready? Let’s start. Directions: Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 1. Which of the following is not a characteristic that makes information useful? a. It is inexpensive c. It is reliable b. It is relevant d. It is timely 2. In the value chain concept, upgrading IT is considerd what kind of activity? a. Primary Activity c. Structured Activity b. Service Activity d. Support Activity 1 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 3. A firm, its suppliers, and it's customers collectively from which of the following? a. Recruitment c. Supply Chain b. Selection d. Value Chain 4. The process involved in recruiting, hiring, training, evaluating, compensating, and laying off people is called: a. Human Resource Management c. Recruiting b. Human Resource Planning d. Selection 5. Which term describes a study of what is done by employees who hold various job titles? a. Inventory c. Job Description b. Job Analysis d. Job Specification 6. A job __________ is a summary of the objectives of the job, the type of work to be done, the responsibilities and duties, the working conditions, and the relationships of the job to other functions. a. Analysis c. Design b. Description d. Specification 7. All of the following are sources of internal recruiting except for: a. Advertisements c. Retained Employees b. Promotions d. Transfers 8. Which is not a step in the selection process? a. filling out an application. c. taking an employment test. b. taking a physical exam d. none of the above 9. The activity that orients new employees to the organization, to fellow employees, to their supervisors, and to the policies of the company is called: a. employee orientation c. networking b. on-the-job training. d. off-the-job training 10. A work schedule that gives employees some freedom to adjust when they work is called: a. compressed workweek b. core time. c. flextime plans. d. none of the above. Lesson The Supply Chain and the Recruitment Process in Relation to the Business Enterprise 1 In the previous modules, we have discussed about the 4Ms of Production and how one can make a prototype of your product. Let us have our review of what we 2 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 have learned before we proceed with the supply chain and the recruitment process in relation to the business enterprise. What’s In Activity: In your own words describe each of the 4+1 Ms of Production and how are they important in a business enterprise operations. 1. __________________________________________________________________________ __________________________________________________________________________ 2. __________________________________________________________________________ __________________________________________________________________________ 3. __________________________________________________________________________ __________________________________________________________________________ 4. __________________________________________________________________________ __________________________________________________________________________ 5. __________________________________________________________________________ __________________________________________________________________________ Notes to the Teacher This module contains helpful tips and strategies that will help you in guiding the learners. It is important to review learners to gauge what they have learned before proceeding with a new lesson What’s New This activity will give you an overview of what we will discussed in this lesson. Activity: Fill out the blank bio-data form below. We will use this for our next activity before this lesson ends. Answer it on a separate sheet of paper. 3 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 What is It Parts of the 4Ms of Production is the Methods and Manpower. In this lesson we will dig deeper what are the process that are included in the manufacturing flow by learning on how to select a potential supplier of the company’s raw materials and differentiating value chain from the supply chain in relation to the business enterprise. We will also talk about the recruitment process a business enterprise apply to be able to hire the qualified manpower. Why do we need to know how to select a potential supplier? This is actually crucial when it comes to business, because choosing the right supplier involves much 4 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 more than scanning scanning a series of price list. There are a lot of factors to consider such as value for money, reliability and service. How you weigh up the importance of these different factors will be based on your business' priorities and strategy. A strategic approach to choosing suppliers can also help you to understand how your own potential customers weigh up their purchasing decisions. This guide illustrates a step-by-step approach you can follow that should help you make the right choices. It will help you decide what you need in a supplier, identify potential suppliers and choose your supplier. 1. Thinking strategically when selecting suppliers. Have a supplier that can match your business needs or much better exceeds it. It is also better to have a choice of sources so when one lets you down you can have a back up. 2. What you should look for in a supplier. Your supplier should be reliable, consistent with the quality of supplies, value for money, have strong service and communication, financially secured, and have a strong partnership approach. 3. Identifying potential suppliers through variety of channels. It is best to build a shortlist of possible suppliers through; a)recommendations; b)directories; c) trade associations; d) business advisors; e)exhibitions; and f)trade press 4. Choosing a supplier. When considering the firms on your shortlist, ask yourself the following questions: Can these suppliers deliver what you want, when you want it? Are they financially secure? How long have they been established? Do you know anyone who has used and can recommend them? Are they on any approved supplier lists from trade associations or government? Do some research and try to slim your list down to no more than four or five candidates. It's a waste of time for you and the potential supplier if you approach them when there's little chance of them fulfilling your requirements. 5. Getting the right supplier for your business by knowing your needs. Get a quotation, and compare them between potential suppliers. Remember that price isn’t everything. Spend time on research and ask around about them, if it isn’t too much you can also do credit check. Make sure you agree on service levels before you start and don’t buy from too many suppliers, but don’t have just a single one. Now that we have selected our suppliers, we can now go to the distribution process. Every business organization is part of at least one supply chain. This time we will differentiate the value chain from the supply chain. The term value chain refers to the process in which businesses receive raw materials, add value to them through production, manufacturing, and other processes to create a finished product, and then sell the finished product to consumers. A supply chain represents the steps it takes to get the product or service to the customer, often dealing with manufacturer and aftermarket parts. While a supply chain involves all parties in fulfilling a customer request and leading to customer satisfaction, a value chain is a set of interrelated activities a company uses to create a competitive advantage. 5 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 Thus, both are important in a business enterprise setting for it to be successful. Supply chains are sometimes referred to as value chains because they reflect the concept that value is added as goods and services progress through the chain. As the business grows, the entrepreneurs should hire a qualified employees that can handle operational functions, so that he or she will be free from daily activities and thus can focus on the strategic and management functions of the business. The following our guide on how company selects the right human resources who will handle certain business operations. A. Job Description – enumerates the duties and responsibilities of the potential employee, including the scope, limitations and terms and conditions of employment. Parts of the job description includes: Job title, Compensation and benefits, Duties, Responsibilities and accountabilities and Work schedules. B. Employee Qualification – this includes the criteria of the company to hire a particular person, such as: Educational background, Work experience, Specific skill or knowledge and Work attitude C. Preparatory Selection of Job Applicants – After the job description and employee qualifications are finalized by the entrepreneur, he or she now preselects a set of candidates for the position required. However, once the business is already sizeable and established the entrepreneur can hire a Human Resource Department (HRD) that will handle the selection. D. Selection of Job Applicants – Screening and picking the most qualified and most suited candidate for the job. The preliminary screening is through qualifications. Usually they conduct qualifying exams in Math, English and Logic, Qualitative Exams or Psychology test and an interview for the short listed candidates. Remember that in an interview the entrepreneur promotes the business to the candidate while the candidate sells himself or herself by citing his or her work experience or educational background. E. Job Offer – Once the entrepreneur has been convinced already of the job credentials and the interview answers of the candidate, the job contract is now prepared. A Job contract generally summarizes the terms and conditions of the candidate’s employment with the business. F. Employment Development – Training people is one of the biggest investments of an entrepreneur or a businessman. Entrepreneurs should devise a strategies on how to keep employees satisfied working in the company. Training tools for employees 1. 2. 3. 4. 5. Employee Orientation On-the-Job Training (OJT) Buddy System Mentor-Mentee Program Succession Plan 6. 7. 8. 9. Further Training Online Learning Programs Internal Training Programs International or Local Symposia, seminnars, etc. 6 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 Strategies for Employee Management 1. Competitive Salary Package – includes guaranteed bonuses, performance bonuses, commissions and other monetary incentives. 2. Non-monetary benefits – medical coverage, leave credits, decent job titles, flexible work schedules, awards and recognitions, transparency and fairness in performance evaluation, channels where employees can provide constructive feedback without the risk of being fired. 3. Additional benefits – annual trips, work from home opportunities, scholarships, transportation and communication allowances, free meals and drinks, fitness programs, sports programs, and other work life balance programs. Employee training and development is a major thrust of every entrepreneur because employees are the best assets of a business enterprise. What’s More Did you enjoy the mini-lesson of the module? To better understand it, let’s have another activity. Enjoy! Activity: Solve the crossword puzzle. Identify which are being described below. What I Have Learned Good job you are almost done, did you enjoy the activity? Now it’s time for us to check what we have learned by listing down the important facts that we have understand about supply/value chain and the overall recruitment and selection process. 7 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 Activity: : Write down below your the key takeaways on the topic that we have discussed above. Make your own generalization. 1. ______________________________________________________________ ______________________________________________________________ 2. ______________________________________________________________ ______________________________________________________________ 3. ______________________________________________________________ ______________________________________________________________ 4. ______________________________________________________________ ______________________________________________________________ 5. ______________________________________________________________ ______________________________________________________________ What I Can Do Congratulations! You are now ready to apply what you have learned about Production. Time for us to exercise our brains. Activity: A. Draw a supply chain based on what we have discussed and describe their functions. B. As a future business owner how will you recruit your manpower and select the best candidate? Write down your company’s recruitment process. _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ Assessment In the beginning of this module we have our pre-test. Now, this will serve as your post-test. This will test you if you were able to understand the lesson well. God Bless! 8 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 Multiple Choice. Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 1. The Kitchen Therapy wanted to choose their supplier for their restaurant, the following are to be considered except for one. a. Consistency c. Reliability b. Lazy d. Value for money 2. _____ them a. b. is the process of searching for prospective employees and stimulating to apply for jobs in the organization. Advertising c. Recruitment Networking d. Selection 3. _______ is concerned with the problem of introducing or orienting a new employee to the organization. a. Induction c. Recruitment b. Interviewing d. Selection 4. The process of eliminating unsuitable candidates is called _________. a. Induction c. Recruitment b. Interviewing d. Selection 5. Which of the following helps the managers with the information required to make good human resources decisions? a. Industrial relations c. Recruitment b. Performance Appraisal d. Selection 6. The process of selection of employees is usually influenced by _______. a. Principles and programs c. Strategies and objectives b. Rules and regulations d. None of the above 7. Which of the following is used to measure the various characteristics of the candidate? a. Attitude test c. Proficiency test b. Physical test d. Psychological test 8. When the candidate is put to hardship during interview, it is called_____. a. In-depth interview c. Preliminary interview b. Patterned interview d. Stress interview 9. Which of the following orders is followed in a typical selection process? a. Application form, test and/or interview, reference check and physical examination b. Physical examination, test and/or interview, application form and reference check c. Reference check, application form, test and/or interview and physical examination d. Test and/or interview, application form, reference check and physical examination 9 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 10. Identify the test that acts as an instrument to discover the inherent ability of a candidate. a. Aptitude c. Physical b. Attitude d. Proficiency True or False. Write TRUE if the statement is correct and FALSE if it is wrong ____________ 11. A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users. ____________12. In supply chain organizations, functions must operate independently of each other. ____________ 13. Every business organization is part of at least one supply chain. ____________ 14. The materials in the supply chain flow toward the end of the chain, while the information and the pesos move toward the beginning of the chain. ____________ 15. Supply chains are sometimes referred to as value chains because they reflect the concept that value is added as goods and services progress through the chain. Additional Activities Can we now practice what we have learned? Activity: A. Answer the following questions briefly. 1. Write the recruitment and selection process in correct order: ______________________________________________________________________________ ________________________________________________________________________ 2. What is job description? ___________________________________________________ ___________________________________________________________________________ 3. What is supply chain and value chain? ____________________________________ ___________________________________________________________________________ 4. Explain why business shortlist before they interview? ______________________ ___________________________________________________________________________ ___________________________________________________________________________ 10 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 B. Going back on o n our activity on page 4. We will do a role playing of the recruitment and selection process. Hand over your Personal data sheet or bio-data that you have written in a separate piece of paper. You are to apply as an Accountant, suppose that I am asking you the following questions during an interview. Answer them briefly as you would during your interview. You can use a separate sheet of paper. 1. Tell me about yourself? _______________________________________________. _________________________________________________________________________ _________________________________________________________________________ 2. What is your greatest strength/weakness?_____________________________ _________________________________________________________________________ _________________________________________________________________________ 3. Why do you want this job? ____________________________________________ _________________________________________________________________________ _________________________________________________________________________ 4. Why should we hire you? _____________________________________________ _________________________________________________________________________ _________________________________________________________________________ 5. What are your goals for the future? ___________________________________ _________________________________________________________________________ _________________________________________________________________________ 11 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 Answer Key What's New Bio-Data (Fill-in) (Rubrics provided) What's In Answers vary (Rubrics provided) What I know 1. A 6. B 2. D 7. A 3. C 8. D 4. C 9. A 5. B 10. C What's more 1. entrepreneur 2. candidate 3. value chain 4. supply chain 5. reliable 6. qualifications 7. leave credits Assesment 1. B 2. C 3. A 4. D 5. B 6. C 7. D 8. D 9. A 10. A 11. True 12. False 13. True 14. False 15. True Rubrics for the Activities Areas of Assessment Ideas 4 3 2 1 Presents ideas in an Presents ideas in Ideas are too Ideas are vague original manner a consistent general or unclear manner Understanding Writing shows Writing shows a Writing shows Writing shows strong clear adequate little understanding understanding understanding understanding Word Choice Sophisticated use of Nouns and verbs Needs more nouns Little or no use nouns and verbs make essay and verbs of nouns and make the essay very informative verbs informative Sentence Sentence structure Sentence Sentence No sense of Structure enhances meaning; structure is structure is sentence flows throughout evident; sentences limited; sentences structure or flow the piece mostly flow need to flow Mechanics Few (if any) errors Few errors Several errors Numerous errors 12 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com) lOMoARcPSD|32862729 Development Team of the Module Writer: Editor: Reviewer: LOVE JOY C. OCAMPO – T-II Diosdado Macapagal Memorial HS JANE P. VALENCIA, EdD – EPS – Mathematics JANE P. VALENCIA, EdD – EPS – Mathematics Illustrator: Layout Artist: Language Reviewer: Management Team ZENIA G. MOSTOLES, EdD, CESO V, Schools Division Superintendent LEONARDO C. CANLAS, EdD, CESE. Asst. Schools Division Superintendent ROWENA T. QUIAMBAO, CESE, Asst. Schools Division Superintendent CELIA R. LACNALALE, PhD, CID Chief JANE P. VALENCIA, EdD, Education Program Supervisor, Mathematics JUNE E. CUNANAN, Education Program Supervisor/ Language Editor RUBY M. JIMENEZ, PhD., Education Program Supervisor, LRMDS 13 Downloaded by Rostan S. Bellen (bellenrostan@gmail.com)