Science, Technology, Engineering, and Mathematics
Entrepreneurship
REVIEWER
12 - EDT/SCP| S.Y. 24 - 25 1st SEMESTER | 2nd QUARTER | BY Yzhie & Angelo
4. Work Attitude - This focuses on workers’ integrity and
1ENTREPRENEURSHIP interpersonal skills, including how they interact with co-
workers, supervisors, and customers; key work attitudes
Guided Outline include strong communication, leadership, relationship
skills, and team spirit.
I. MANAGEMENT PLANNING
II. PRODUCTION PLANNING PREPARATORY SELECTION OF JOB APPLICANTS
III. FINANCIAL PLANNING ● Head Hunting - asking somebody to find a set of people
suited for the requirements for a fee.
Reference: Powerpoint Presentation and Sir LAM
I. MANAGEMENT PLANNING ● Manpower Agency - company which is recruiting
Manpower temporary employees under a short contract, usually in a
refers to the skilled employees responsible for managing six- month period
operational functions, with roles defined in the organizational
chart according to the business’s objectives and needs, alongside ● Magazine or Publication - this can be done through the
clear job descriptions and qualifications. specific industry where the prospects belong.
Job Description ● Recommendations and Referrals - this could be trough
outlines the duties and responsibilities of potential friends, relatives, or business partners with an untainted
employees, detailing the scope, limitations, and terms and reputation
conditions of their employment.
● Business Network - consist of people the entrepreneurs
● Job Title - the heading of the job description which is have previously worked with, offering a more reliable
the summary of what the employees will do. way to preselect employees than traditional interviews, as
the entrepreneur is already familiar with their work ethics
● Compensation and Benefit Range - details the potential and qualifications
salary and benefits that the employees will get.
● Digital - revolutionary ways of preselecting potential
● Job Specification - clearly describes the job that the employees; posting job vacancies through the social
employee will assume with allowance for flexibility; they media accounts, Web site, e-mails, etc.
are usually high level descriptions only.
JOB OFFER
● Responsibilities and Accountabilities - are detailed job Job contract - summarizes the terms and conditions of
descriptions specifying exact tasks to be performed and employment, including the candidate’s position, responsibilities,
the individuals or roles to whom employees are salary and benefits, probationary period, qualifications for regular
accountable. employment, contract duration, and resignation procedure.
● Work Schedules - the specific days and working hours EMPLOYMENT DEVELOPMENT
which are highly driven by business requirements. ● Training employees - is a significant investment for the
business, requiring strategies to ensure employee
EMPLOYEE QUALIFICATIONS satisfaction and retention.
1. Educational Background - assesses the candidate’s
foundational knowledge and understanding of essential ● Employee orientation - is a one-to-two-day session
concepts relevant to the job. introducing the business's history, vision, mission,
policies, culture, workplace, and team members, while
2. Work Experience - This evaluates applicants' past covering daily responsibilities, KPIs (Key Performance
positions and experiences to gauge their expected Indicator), and KRAs (Key Result Areas) as performance
contributions to the business and identify any training benchmarks.
they may need.
● On-the-job training - is a practical approach to
3. Specific skill or Knowledge - An important factor in employee development, conducted under the guidance of
selection, especially for technical jobs, is ensuring a team leader or manager.
candidates have high proficiency and expertise
https://by-yzhie.carrd.co/
, Talipan National High School
Science, Technology, Engineering, and Mathematics
Entrepreneurship
REVIEWER
12 - EDT/SCP| S.Y. 24 - 25 1st SEMESTER | 2nd QUARTER | BY Yzhie & Angelo
● The buddy system - is a training program where an land where their office, plant, and equipment are located, must fall
experienced team member is assigned to mentor and within the following categories:
assist a new employee in their role.
Micro-business : less than P 50,000
● The mentor-mentee program - is a training initiative Cottage Business : P 50,001 - P 500,000
where supervisors are guided and mentored by senior Small Business : P 500,001 - P 5,000,000
executives or senior officers of the business. Medium Business : P 5,000,001 - P 20,000,000
● Succession plan – ensures that the business operations
still continue even in their absence or the absence of key
employees, or when they decide to resign or retire.
FORMS OF BUSINESS ORGANIZATION
● Sole proprietorship – business owned and operated by
only one person. (should be self explanatory)
● Partnership - owned by two or more persons
● Corporation - a business whose capital is divided into
shares of stock, which are owned by multiple individuals
known as shareholders or stockholders.
● Cooperative - a business owned and operated by
multiple individuals, known as members, who contribute
capital and share in its benefits.
TYPES OF ORGANIZATIONAL CHART
KINDS OF SMALL BUSINESS’
1. Micro-business - a very small business where the owner
is the main worker and employs one or more assistants.
2. Bigger small business - the owner mainly directs the
work of the employees. (slave owners be like)
The characteristics of a small business include being privately
owned, having few or no layers of management, and lacking
sufficient resources to dominate its field of business.
RA 6977 (The Magna Carta for Small Enterprise) defines small
and medium enterprises (SMEs) as any business involved in
industry, agribusiness, or services, whether a sole proprietorship,
partnership, corporation, or cooperative. The total assets of these
businesses, including those from loans but excluding the value of
https://by-yzhie.carrd.co/