How Production Management Helps in Establishing a New...

When someone speaks of entrepreneurship, it would really make you think what it is and what does this word mean. Well, entrepreneur is an individual who owns a business or is pursuing a business venture and responsible for its development. It was established in the 1700’s Entrepreneurship is the practice of creating a new business or rejuvenating and existing business it involves a person who is willing to take risk to make a profit. Every person who chooses to take a chance to go out and following their dreams and tale a great chance to start their own business always is not successful but in entrepreneurship that risk will always be present. In dealing with entrepreneurship it always involves an uncertain future in a new or†¦show more content†¦Production control focuses on the application of the plan which results from the production planning. (Bnet). Computerized techniques, such as material requirements planning and optimized production technology, combine elements of planning and control It is used in industries of services and manufacturing and it includes the materials, money, methods, machines and men and women. Implementation is the carrying out, execution, or practice of a plan, a method, or any design for doing something. As such, implementation is the action that must follow any preliminary thinking in order for something to actually happen. In an information technology context, implementation encompasses all the processes involved in getting new software or hardware operating properly in its environment, including installation, configuration. (techtarget.com). There are three factors of production, which are land, labor and capital and they play a major role in the production of goods. (jacobs) If I were to start a business it would be a printing business titled LaZareiah’s printing. This business had really been a dream of mine every since high school. I really am good at creating programs such as religious, weddi ng, and birthday, bridal and baby showers. I want to get more into printing professional flyers for parties, school, retirements and company events. Since I am haveShow MoreRelated SDI Case Study Essay examples1591 Words   |  7 Pagesyou need strong vision and mission statements to help consumers better understand your business and where you intend on being in the future. After reading the case, I found many issues that management must address in order to sustain a profitable business. The first problem that needs to be addressed is the development of a vision and objectives. 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