Fnal - Module 2 Performing Duties and Functions of an Enterprise Owner

Unit of Competency : Recall the Duties and Functions of Enterprise Owner

Module No. 2 Module Title : Recalling the Duties and Functions of Enterprise Owner

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Republic of the PhilippinesDepartment of Education

PUBLIC TECHNICAL -VOCATIONALHIGH SCHOOLS

HOW TO USE THIS MODULE

Welcome to the Module “Recalling the Duties and Functions of Enterprise Owner”. This module contains instructional materials and activities for you to complete.

The unit of competency “Recall the Duties and Functions of Enterprise Owner contains the knowledge, skills and attitudes required for the course Entrepreneurship.

You are required to go through a series of learning activities in order to complete each of the learning outcomes of the module. Follow these activities on your own and answer the Self-Check at the end of each learning activity.

If you have questions, don’t hesitate to ask your teacher for assistance.

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COURSE : ENTREPRENEURSHIP IV

UNIT OF COMPETENCY : Recall the Duties and Functionsof Enterprise Owner

MODULE TITLE : Recalling the Duties and Functions of an Enterprise Owner

MODULE DESCRIPTION : This module covers the knowledge, skills and attitudesrequired in recalling the duties and functions of an enterprise owner.

SUGGESTED DURATION : 10 Hours

SUMMARY OF LEARNING OUTCOMES:

Upon completion of the module the students should be able to:

LO1 Recall the duties and functions of an enterprise owner.

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WHAT WILL YOU LEARN?

At the end of this module, you are expected to recall the duties and functions of an enterprise owner.

WHAT DO YOU ALREADY KNOW?PRE TEST

Let us find out how much you already know about the duties and functions of an enterprise owner. Answer the

questions below honestly. Write the letter only of your chosen answer in your activity notebook:

1. The management approach that supports the principle of putting the right person in the right job is called___________.

a. behavioral approachb. contingency approachc. scientific management approachd. systems approach

2. The diagram that shows the position of a person in the company and the corresponding authorities, responsibilities and accountabilities of such position is called a ___________.

a. accountability diagramb. conduct job analysisc. organizational diagramd. status symbol

3. This is one of the steps in learning your personnel requirements.a. assess the strength and weaknesses of the present

employeesb. conduct job analysisc. determine the workload in the companyd. all of the above

4. One way to meet extreme needs is through_________.a. insurance plansb. promotionc. rest periodd. water to drink

5. A grievance system is a form of which type of communication?a. Downward communicationb. Upward communicationc. Lateral communication

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d. Horizontal communication

6. A leadership skill that refers to the ability to grasp the relationship of different parts into an integrated whole and to analyze data is called____________.

a. conceptual skillb. human relations skillc. technical skilld. all of the above

7. This type of leader leaves his subordinates alone to establish their goals and solve their problems.

a. autocratic leaderb. democratic leaderc. people – oriented leaderd. task – oriented leader

8. They represent the needs towards which all organizational efforts are directed.

a. budgetb. objectivesc. policiesd. rules

9. In Maslow’s Model of Hierarchy of Needs, the level that refers to the need to develop one’s potential and creation to the fullest is called __________.

a. esteem needsb. securityc. self – realizationd. social needs

10. The term that refers to the evaluation of the overall performanceof the firm is called______________.

a. employees evaluationb. operational controlc. organizational controld. qualify control

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LESSON 1

DUTIES AND FUNCTIONS OF AN ENTERPRISE OWNER

WHAT IS THIS LESSON ALL ABOUT?

This lessons the recalls the duties and functions of an enterprise owner.

WHAT WILL YOU LEARN?

At the end of this module you shall be able to:

1. Recall the duties and functions of an enterprise owner

LET US STUDY:

As you have previously learned, entrepreneurs plan and organize resources and run the business. This denotes ownership of the

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WORDS TO STUDYPlanning is thinking before a particular task is done.

Organizing means assembling the essential resources to execute the developed plans.

Directing involves the guiding, leading and supervision of the employees for the achievement of organizational goals

Staffing is the proper and effective selection, appraisal and development of personnel to do the jobs and fulfill the roles in the structure.

Controlling means making sure that activities done in the enterprise are in conformity with what has been planned.

enterprise. Managers may or may not be necessarily the owners of the company although they run it. They can be just mere employees.

The functions of management are uniquely described as manager’s job. Managerial functions are the same for all organizations regardless of size or type. The only difference is the amount of emphasis given to each staffing, directing and controlling.

PLANNING

This is the function of management that involves setting of objectives and determining the course of action for achieving these objectives.

ORGANIZING

The task of organizing involves defining the specific activities necessary to achieve the enterprise goals, clustering the activities into departments or job positions and designating the personnel to head and compose each department.

A diagram showing the organizational relationships of the position and their corresponding authority, responsibility and accountability is called the organizational chart.

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PLANNING

1. Environmental scanning2. Establishing objectives3. Identifying alternative courses of

action4. Evaluating various alternatives.5. Making decisions about the best

course of action.

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Authority is the right that a manager has to require a subordinate to accomplish something. Authority can be delegated.

Responsibility is the duty of the manager that one has to fulfill in connection with the performance of his job. Responsibility cannot be delegated.

Accountability, like responsibility cannot be delegated. This is the situation of being answerable to higher authorities.

TYPES OF ORGANIZATION

Line OrganizationDirect command of superiors over workers who accomplish the task. The officers of the operating units receive orders from their higher authority and relay to their subordinates.

Example:

Line and StaffThe president hires to handle specialized activities which a line officer can not handle the legal counsel helps and advise the president and does not have authority over the line employee.

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MANAGER

SUPERVISOR

WORKERS

FOREMAN

PRESIDENT

LEGAL OFFICER

ADMINISTRATIVE OFFICER

PRODUCTION OFFICER

MARKETING MANAGER

FUNCTIONAL TYPE

This structure focuses on the functions or types of activities in each unit. It is expected that the worker has one or more immediate supervisor

Example:

Committee Type

This form of organization represents a group of persons who may fulfill functional staff or line duties, as contrasted with a one – man performer who runs the organization single – handedly. An example is an executive committee which is tasked to plan and formulate decisions in a company.

STAFFING

The organizational framework needs to be flashed out by people who will man the positions.

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MANAGER

Supervisor

Leadman

WORKERS

PRODUCTION MANAGER

QUALITY CONTROL OFFICER

WORKERS WORKERS

FOUR ESSENTIAL STEPS

DIRECTING

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Workload Assessment

Quantity and Quality of Personnel Needed

Job Analysis

Workers vs. Required Skills and Abilities

Examine Present Personnel

Assessment of Workers’ skills, strengths, weaknesses, potentials

Design an Improvement Plan

Recruitment Training and Development

Directing involves putting your plans into effect.

CONTROLLING

Making sure that what is done in the enterprise conforms with what has been planned.

CHARACTERISTICS OF CONTROLLING

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MOTIVATION

BEHAVIORAL APPROACH (Ex. Maslow’s Hierarchy of Needs)

LEADERSHIP SKILL

Communication

Proper Activities Timely Cost – effective Accurate

Compare Performanc

Measure Actual

Set Performance

upward

lateral

downward

ACTIVITY:Fill in the diagram with the five (5) basic functions of an

enterprise owner.

LET US REMEMBER

In a business enterprise, it is important to have an organizational structure because it determines the level of

authority, duties and functions of each manager and worker.

LET US APPLY WHAT YOU HAVE LEARNEDGiven your knowledge of the duties and functions of an entrepreneur, put a check mark in YES if you are

appropriately doing your part as an entrepreneur. Put a cross markIn NO if you do not do your duties functions.

DUTIES AND FUNCTIONS YES NO1. PlanningDo you have a clear plan on what is to be done, when, how and by whom it should be done?2. OrganizingAre your specific activities well defined?3. StaffingDo you have proper and effective selection, appraisal and development of personnel to do the job?

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Establish Standard

ENTERPRISE OWNER

1.2.3.4.5.

X

4. DirectingCan you communicate well with your clients?5. ControllingAre you well aware of the quantity of your products or services number of customers or clients and quality of products or services?

HOW MUCH HAVE YOU LEARNED FROM THIS MODULE?

POST TEST

Multiple Choice: Direction: Answer the questions below honestly. Write the

letter of the correct answer in your quiz notebook.

1. The management approach that supports the principle of putting the right person in the right job is called.

e. behavioral approachf. contingency approachg. scientific management approachh. systems approach

2. The diagram that shows the position of a person in the company and the corresponding authorities responsibilities and accountabilities of such position is called a ___________.

a. accountability diagramb. conduct job analysisc. organizational diagramd. status symbol

3. This is one of the steps in learning your personnel requirements.a. Assess the strength and weaknesses of the present

employeesb. Conduct job analysisc. Determine the workload in the companyd. All of the above

4. One way to meet extreme needs id through_________.a. Insurance plansb. Promotionc. Rest periodd. Water to drink

5. A grievance system is a form of which type of communication?

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a. downwardb. upwardc. laterald. horizontal

6. A leadership skill that refers to the ability to grasp the relationship of different parts into an integrated whole and to analyze data is called____________.

a. conceptual skillb. human relation skillc. technical skilld. all of the above

7. This type of leader leaves his subordinates alone to establish their goals and solve their problems.

a. autocratic leaderb. democratic leaderc. people – oriented leaderd. task – oriented leader

8. They represent the needs towards which all organizational efforts are directed.

a. budgetb. objectivesc. policiesd. rules

9. In Maslow’s Model of Hierarchy of Needs, the level that refers to the need to develop one’s potential and creation to the fullest is called __________.

a. esteem needsb. securityc. self – realizationd. social needs

10. The term that refers to the evaluation of the overall performanceOf the firm is called______________.

e. employees evaluationf. operational controlg. organizational controlh. qualify control

RESOURCES:

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- Assessment tools- Learning guide- Business planning

REFERENCES:

- Anderson, P. and Pulich “Managerial Competencies Necessary in Today’s Dynamic Health Care Environment. Heath Care Manager 21, no.2 (2002)

- Carrol, Stephen J., and Dennis J. Guillen. “Are the Classical Management functions useful in Describing managerial Work?”; Academy of Management review 12 no.1 (1980:38-51)

- SEDP Book

- www.coolclips.com

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KEY TO CORRECTION

1. C2. C3. D4. D5. B

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ACKNOWLEDGMENT

Copyright Department of Education 2009

This module was based on the Writeshop on the Development of the Competency-Based Curriculum (CBC) for Entrepreneurship for Technical Vocational High School conducted at Marikina Hotel Marikina City, May 25 – 30, 2009

This learning instrument was developed by the following personnel:

Dr. Reynaldo M. ValdezJones Rural SchoolGroup Leader

Dr. Celedonia T. TenezaBenigno Aquino High School

Mr. Gilbert CamayangCabrroguiz National School of Arts and Trade

Mr. Alfonso P. Rodriguez Jr.Muntinlupa Business High School

Mr. Fernando C. AgustinBukig National Arts and Trade School

Mrs. Leona M. TomasSan Pedro National High School

Writer/Facilitator:

Mr. Rene G. DelfinoMuntinlupa Business High School

Editor: Dr. Estrellita Evangelista

Encoder: Mrs. Marisol E. Saldivar

Funding: Department of Education

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ACKNOWLEDGMENT

Copyright Department of Education 2009

This module was based on the Writeshop on the Development of the Competency-Based Curriculum (CBC) for Entrepreneurship for Technical Vocational High School conducted at Marikina Hotel Marikina City, June 5 -7, 2009

This learning instrument was developed by the following personnel:

Dr. Reynaldo M. ValdezJones Rural SchoolGroup Leader

Dr. Celedonia T. TenezaBenigno Aquino High School

Mr. Alfonso P. Rodriguez Jr.Muntinlupa Business High School

Writer/Facilitator:Mr. Rene G. DelfinoMuntinlupa Business High School

Editor: Dr. Estrellita Evangelista

Encoder: Mrs. Marisol E. Saldivar

Funding: Department of Education

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ACKNOWLEDGMENT

Copyright Department of Education 2009

This module was based on the Writeshop on the Development of the Competency-Based Curriculum (CBC) for Entrepreneurship for Technical Vocational High School conducted at Marikina Hotel Marikina City, July 1to 5, 2009

This learning instrument was developed by the following personnel:

Dr. Reynaldo M. ValdezJones Rural SchoolGroup Leader

Dr. Celedonia T. TenezaBenigno Aquino High School

Writer/Facilitator:

Mr. Rene G. DelfinoMuntinlupa Business High School

Editor: Carolina F. Chavez, Aida T. Galuran, Beatriz A. Adriano & Dr. Corazon C. Echano

Encoder: Mrs. Marisol E. Saldivar

Funding: Department of Education

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TABLE OF CONTENTS

Module Title: Familiarizing Learners with the Page

Duties and Functions of EnterpriseOwner

How to Use This Module . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Summary of Learning Outcome . . . . . . . . . . . . . . . . . . . . . . . . . 2

What Will You Learn What Do You Already Know Pre – Test . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Lesson 1: Duties and Functions of an EnterpriseOwner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

What is this Lesson About What Will You Learn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Let Us Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Activity Let Us RememberLet Us Apply What You Have Learned . . . . . . . . . . . . . . . . . . . . 11

Post Test

How Much Have You Learned . . . . . . . . . . . . . . . . . . . . . . . . . . 12Post Test

Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Key to Correction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Acknowledgement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

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