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Business Ethics

The document outlines steps for business owners to improve their practices by assessing their situation through SWOT analysis, benchmarking, market research, trend analysis, and webinars. It emphasizes the importance of setting clear, SMART goals and developing a plan for implementing strategies to achieve those goals. Additionally, it highlights the need to measure results and adjust strategies accordingly for continuous improvement.

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laquipsharlene
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4 views39 pages

Business Ethics

The document outlines steps for business owners to improve their practices by assessing their situation through SWOT analysis, benchmarking, market research, trend analysis, and webinars. It emphasizes the importance of setting clear, SMART goals and developing a plan for implementing strategies to achieve those goals. Additionally, it highlights the need to measure results and adjust strategies accordingly for continuous improvement.

Uploaded by

laquipsharlene
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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WAYS TO IMPROVE

BUSINESS
PRACTICES GUIDED
BY THE
PHILOSOPHIES,
BELIEF SYSTEM OR
FILIPINO VALUES
PRESENTED BY: Group 4
LESSON OVERVIEW
As a business owner, you are probably
aware of where your business could
improve. Sometimes business owners
want to improve their business but are
not sure how to begin. This is an
overview of some key steps you can
take start improving your business.
ASSESS YOUR
SITUATION
Swot- Benchmar
analysis king
Market
Research
Trend Webinars
Analysis
FIRST
ASSESS YOUR
SITUATION
Before you start making
changes, it is a good idea to
make sure you have a full
understanding of the factors
affecting your business success.
These may include your current
business practices, market
trends, or changes FIRST
to the wider
SWOT-ANALYSIS
Helps you identify
your business
strengths,
weaknesses,
opportunities,
FIRSTand
BENCHMARKING
Measures your
business
performance
against similar-sized
businesses in your
FIRST
MARKET
RESEARCH
Investigate your
business’ market
and industry to
identify trends,
changes, and
FIRST
TREND ANALYSIS
Uses business data
collected over time
to identify
consistent results or
trendsFIRST
WEBINARS
(web-based seminars)

provide useful
information to help
develop your
business skills
FIRST
SET CLEAR GOALS
Specific Measurabl
e

SECOND
Achievable

Relevant Timely
SET CLEAR GOALS
Business goals can be as
broad or as specific as you

SECOND
want them to be. Writing
down your goals clearly
will make it easier for you
to achieve them. Make
sure your goals are
SPECIFIC

SECOND
state clearly what
you want to
achieve
MEASURABLE

SECOND
make sure you can
evaluate the
success
ACHIEVABLE

SECOND
check if your
objective is
something you have
the time and
RELEVANT
make sure your

SECOND
objective improve
profit drivers and
improve some part
of your business
TIMELY

SECOND
set a specific date
for completion
IDENTIFY
STRATEGIES FOR
ACHIEVING YOUR
GOALS
Review your goals and list the
factors you think are creating
your current circumstances. Think
realistically about what you can
do yourself and where you may
benefit from some support
DEVELOP A PLAN FOR
IMPLEMENTING YOUR
STRATEGIES
FOURTH

To achieve your goals, you


need to work out how to
implement your strategies.
Strategies often include
several specific actions or
tasks. It is a good idea to
TIME FRAME

How long a task will


FOURTH

take to complete as
well as the start and
finish dates
ACTIONS
assign accountability
FOURTH

for each so everyone


knows precisely what
you expect from them
and who is
RESPONSIBILITIES
FOURTH

state the individual


actions as precisely
as you can.
RESOURCES
FOURTH

list budget, staff, or


supplies needed to
complete each
action.
DESIRED OUTCOME
FOURTH

state how you will


know that the
action has been
completed.
MEASURE THE
RESULTS
Establishing how you will measure the results
that you want to achieve may be as simple
as checking what you have completed.
Consider how often you want to measure
your business achievements. This can also
help you set new goals regularly. Learn more
about measuring the success of your
innovation.
FIFTH
TIME FOR
QUESTIONS
!
1. STATES
CLEARLY
WHAT YOU
WANT TO
ACHIEVE
2. IT HELPS YOU TO
IDENTIFY YOUR
BUSINESS’ STRENGTHS,
WEAKNESSES,
OPPORTUNITIES AND
THREATS
3. SET A
SPECIFIC
DATE FOR
COMPLETIO
N
4. USES BUSINESS
DATA COLLECTED
OVER TIME TO
IDENTIFY
CONSISTENT
RESULTS OR
5. INVESTIGATE YOUR
BUSINESS MARKET AND
INDUSTRY TO IDENTIFY
TRENDS, CHANGES, AND
CUSTOMER OR CLIENT
DEMANDS
6. MAKE SURE
YOU CAN
EVALUATE THE
SUCCESS
7. PROVIDE
USEFUL
INFORMATION
TO HELP
DEVELOP YOUR
BUSINESS
8. MAKE SURE YOUR
OBJECTIVES
IMPROVE PROFIT
DRIVERS AND
IMPROVE SOME
PART OF YOUR
9-12. WHAT IS SMART?
13. BUSINESS
GOALS CAN BE
AS BROAD OR
AS SPECIFIC
AS YOU WANT
TO BE. (TRUE OR
14. TO ACHIEVE
YOUR GOALS, YOU
NEED TO WORK
OUT HOW TO
IMPLEMENT YOUR
STRATEGIES. (TRUE OR
15. THINK
REALISTICALLY
SOMETIMES ABOUT
WHAT YOU CAN DO
YOURSELF AND WHERE
YOU MAY BENEFIT FROM
ANSWER KEY
1. SPECIFIC 9.
MEASURABLE
2. SWOT-ANALYSIS 10.
ACHIEVABLE
3. TIMELY 11. RELEVANT
4. TREND ANALYSIS 12. TIMELY
5. MARKET RESEARCH 13. TRUE
6. MEASURABLE 14. TRUE
7. RELEVANT 15. FALSE
THANK
YOU FOR
LISTENING

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