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Applied Business Tools Module (Midterm) (No Self Activity)
Applied Business Tools Module (Midterm) (No Self Activity)
City of Taguig
Taguig City University
Gen. Santos Avenue, Central Bicutan, Taguig City
1
COURSE MODULE
2
COURSE OUTLINE
This module composed of two areas – MIDTERM and FINALS, and it has 7 Lessons.
Each Lesson has the following:
• Course/Subject
• Introduction
• Learning Objectives
• Lesson Proper
• Self-Progress Activity
• Summary of the Lesson
• Supplementary Materials/Resources
• References
LESSON DETAILS
1. Course/Subject - this section shows the subject focus of the module. (e.g.
Multicultural Diversity in Workplace for Tourism Professionals)
2. Introduction – this section of the lesson will give you a brief description and details
about the course. It will provide you a glimpse of the topics that will be discuss and
an overview about the things that the learners will anticipate from the beginning
until the end of the lesson.
3. Learning Objectives – are brief statements that describe what the learners will
be expected to learn by the end of the lesson. It is focused in KSA or the
Knowledge, Skills, and Attitude.
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6. Summary of the Lesson – this section shows the consolidation of all important
key indicators or terminologies or phrases in the lesson. This will give you more
emphasis on the main points of the lesson.
8. Resources – this is the section of the lesson where you can see the sources of all
the lesson that was presented on the lesson.
MIDTERM PERIOD
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For you to understand the Module, You need to do the Following:
1) To start in the module, you have to start reading the course outline for course
orientation and the coverage of the module. These tell you what should know and
be able to do at the end of the module.
2) After reading the course outline, you have to start the Module 1 – Midterm Period
which composed of 7 Lessons.
3) Each lesson has the outline which was discussed at the first part of the outline.
You have the Learning Objectives, Introduction, Lesson Proper, Self-
Progress Activity, and References as major key points to focus on each lesson.
4) There are lists of pre-tests before the lesson to assess your basic understanding
about the lesson. It’s like a brainstorming or ice breaker portion in face to face set-
up.
5) Read thoroughly the Topic as it shows the content of the lesson. The content of
the lesson is direct to the point and understandable as a learner.
5
LESSON 1
BUSINESS TOOL TERMINOLOGIES
Introduction
A business tool can be considered as an asset that helps or assists the organization to
achieve its stated aims or objectives. There are various types of tools that may be used
in a business varying in size, complexity, danger, and importance to the business
operation. There are large, heavy tools such as stoves, refrigerators, cars, or freezers.
This unit aims to consider the items that are portable and valuable, and by their very
nature present unique management challenges to the business. Various considerations
relate to the management of these items that are not applicable when considering their
other cousins. For example, it is very easy to misplace a mobile telephone, but very
difficult to misplace a freezer. The cost of using a mobile phone can vary significantly; the
cost to the business of the mobile can be reasonable or exorbitant depending on use. It
is also a challenge to misuse a freezer.
However, there have been several cases where the misuse of a telephone has had
significant implications for employees and the business.
Modern managers must be able to manage these tools to ensure that they are available
when required, are in a usable and operating condition, and that the user is sufficiently
trained to use the device efficiently. A mobile phone must have a sufficiently charged
battery, a mobile service, and a user who is sufficiently trained or experienced to be able
to use the tool efficiently and productively.
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Learning Objectives:
Lesson Proper
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instruments without any modification, contributing to any predictable situation. Tools for
business, management should be carefully chosen and then tailored to the requirements
of the company and not the other way around.
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The following table shows a classification of software tools according to function, this
table lists some different types of tools and specific examples,
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Business Tool Considerations
• Customer Preference Tool - If the IT employees are already familiar with the
method of load testing, it is important to consider the instruments they have used in
the past and the ones they prefer. Familiarity is crucial and can reduce the learning
curve required to introduce the instrument on the platforms of your organization
significantly. Elements such as ease of use of the GUI and available plugins for
analysis are relevant here.
• Additional Protocol Support - For your business, a tool that can support a wide
variety of protocols is more beneficial than one with a more restricted reach. For
instance, protocols that are currently used may not be suitable for your current
setting, or changes to the infrastructure may change which protocols are supported.
Being able to support extra protocols provides flexibility to the instruments to retain
support across adjustments to the platform.
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• License cost - Another substantial factor is the expense of using this tool Not all
instruments are equally produced, nor do they share the same pr ice tag. The cost of
the license needs to fit into the IT budget of your companY' while providing your
employees with the necessary capabilities to conduct reliable load tests on your
system. Keeping ease of use in mind is also important: one tool might be cheaper,
but if it takes your workers more to study, implement and use, you may incur
additional costs.
• The efficiency of Tool - The efficiency Of a testing tool refers to how many current
virtual users it can produce on a single test operating system for a test. To create a
larger-scale virtual test, a more powerful tool ensures that the organization can
needless testing devices.
• User Options for Testing- Different tools provide different performance testing user
choices, the tool your organization uses should include the ones that fit your needs
best. These options will vary from the maximum volume of virtual users to the
required local performance changes to Workaround issues that inhibit the accuracy
of the test.
• Vendor Support- In certain cases, the people behind the instrument are as critical
as the instrument itself. As with every big purchase that your company will rely on in
the long run, the company needs to inquire if the manufacturer will fund the
instrument when you need it. Other factors are important, such as aid during the
setup process and support for troubleshooting.
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Uses of Business Tools
➢ Strategic planning
➢ Customer relationship management
➢ Employee engagement survey
➢ Benchmarking
➢ Balanced scorecard
➢ Core competency
➢ Outsourcing
➢ Change management program
➢ Supply change management
➢ Mission statement and vision statement
➢ Market segmentation
➢ Total quality management
Now that you know some of the advantages of incorporating BI instruments in the
organization, you might be wondering how to do so. To get started, consider these
general recommendations by experts at Datapine, based on their Il-Step BI Roadmap:
✓ Define Your Objectives: You need to deme your priorities before deciding what
BI resources to use. Then think about what exactly you want.
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✓ Assess the current situation: Figure out what works, what does not and be
completely aware of operating procedures.
✓ Clean Up Your Data: The realization of actionable knowledge requires clean data
So, make sure you spend some time tidying up all the details that you have on
hand.
✓ Employ Additional Support (if required): Often, you can not be able to navigate
the complexities of BI resources on your effectively. Consider hiring a Chief Data
Oficer in the event that you are strugghng. And a small team that concenfrate
primarily on data And market intelligence.
✓ Select the right tools: Take some time to fry free trials, interview different
providers of BI and analytics and consider creaång a custom application. Consider
factors such as the ability to scale up and whether t.he instruments should cloud-
based or on-site. Don't hurry through this stage, The more work you put into
choosing the right instrument* the better the results are going to be.
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TO BE POSTED IN
YOUR LMS AFTER
DISCUSSION
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Answer to Self-Progress Test/ Comments
TOTAL 50 POINTS
Focus & Details The main ideas The main ideas The main ideas are The topic and main
are clear and are are clear but are somewhat clear. ideas are not clear.
well supported not well
by detailed and supported by
accurate detailed
information. information.
15
Summary of the Lesson
Each business will need to develop criteria to identify which tools are to be monitored and
therefore controlled to ensure that time and effort are devoted to managing the proper
and important tools.
Several criteria may be used to identify and classify a business tool, and most businesses
will use a combination of these criteria to establish the classification of an individual tool.
Once identified, the tools need to be considered as a group and it is logical to provide a
name for the list that recognizes the importance of the group.
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LESSON 2
BUSINESS TECHNOLOGY
Introduction
Learning Objectives:
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I. Hardware
A. Computer Equipment
B. Digital Cameras
Digital cameras are used to capture photographs and videos independently, Later,
these photo and video files can be transferred to a computer by connecting directly
with a cable, removing the memory card, and slotting it into the computer, or through
wireless data transfer methods such as Bluetooth. Once the photos are on the
computer, they can be saved, edited, emailed, or printed.
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C. Security surveillance technology
Businesses use different surveillance types to protect their employees, assets, and
property from criminal elements and other malicious breaches of security. Business
owners invest time and money in their businesses and use the various technologies
available to protect this investment, The type of business and nature of protected
information and assets should dictate the type and extent of surveillance used.
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monitoring system. Managers or company owners study client conversations and
give staff advice and training.
• Counter surveillance - It sounds like a spy novel, but as business becomes more
data-oriented and information-oriented, the need for countersurveillance
inspections and devices increases. Compeütive espionage, while illegal, occurs in
large and small businesses. It includes audio jammers, noise generators, and bug
sweep machines. The first two mask regular speech, reducing bugging device or
secret recorder effectiveness. Bug sweeping systems use radio transmitting
technology for secret recording
E. Communication systems
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Two types of communication, external and internal have different objecüves;
• External communication reaches out to the customer to make him or her aware of
your product or service and provide a reason to buy. Brochures, advertising, contact
letters/direct mail, telephone calls, business cards, blogs, and everything else that
makes the public aware of what you do are part of this communication
• Mail - Even with all modern communication techniques, daily postal mail still
a powerful tool for a business. It provides a personal touch and is also used
to deliver protected documents and contracts and to provide consumers with
purchased goods.
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• Landline - The telephone system that uses a physical cable for transmission is
the landline. In your home, your office, or at a public phone spot, you may have
a landline. You will still be able to use your landline if the internet is unstable
since it depends on a different networking technology
• SMS Messaging and Texting - Although not all cell phones are smartphones
capable of videos and pictures, SMS (short message service), messages can
be received by almost all mobile phones. These are texts of less than 160
characters, consisting solely of letters, numbers, and symbols, An effective way
to connect is SMS messaging, and texting in general.
• Video and Web Conferencing - Video -conferencing offers away without the
cost of travel to hold face-to-face meetings. It offers a more intimate way of
communicating both internally with clients and associates and internally with
team members or workers who might work outside the office.
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Il. Software applications
• Microsoft Word - Word regularly wins the title of the most commonly used word
processing application worldwide as part Of the Microsoft Office suite, Word 2007
features tools that offer a lot of versatility to the software, for example, Word also has
desktop publishing capabilities besides simple word processing functions. Built-in
templates allow users to produce complex output quickly, such as brochures, schedules,
and reports of expenses
Many of the systems in Microsoft Office can work together, An Excel worksheet, for
instance, can exist inside a Word document. Word can combine mail with Excel lists or
from an Access database file quickly.
B. Spreadsheet Packages
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measure values using mathematical formulas and data in cells is what makes a
spreadsheet software program unique. An example of. how a spreadsheet can be used
is to construct a summary of the balance of your bank.
Microsoft Excel - Excel is convenient that can be used to store Several data sets and
arrange them. You may also use the tool 'to make sense of your data using its
characteristics and formulas, you might use a spreadsheet to track data and show
averages and totals of sums automatically.
C. Accounting packages
Accounting software is a computer program that helps monitor end report tire financial
transaction of a company to bookkeepers and accountants, Accounting software's
design varies from product to product,
• Sage One - Sage One is an accounting, and payroll software focused on the
cloud, Sage's UK goods are designed exclusively for small businesses and have
a range of features that keep you in line with UK laws, legislation, and taxes,
• AccountEdge Pro- AccountEdge is a complete solution for Mac users in small
business accounting and management, 'It will assist with sales and acquisitions,
payroll, inventory, invoices, and contacts management
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• Free Agent - Free Agent offers an online accounting program to UK freelancers
and small business owners that brings together everything from invoice and
expense control to the filing of VAT, payroll, and self-assessment tax returns,
• FreshBooks - Small business owners can monitor time, record expenses, and
customers with FreshBooks, and is accessible from any computer (desktop,
iPhone, iPad, and Android),
• Harvest - Harvest works on your laptop, iPhone, and Android, claiming to “make
time tracking easy (and almost fun)." It analyzes dau, sets budgets, monitors the
progress of your project, fracks billable and non-billable time, and runs reports.
D. Database packages
Functions of a DBMS
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E. Presentation Packages
F. Internet Browser
To present and explore content on the World Wide Web, a browser is a software program.
These pieces of content are linked using hyperlinks, including photographs, videos, and
web pages, and classified with URIS (Uniform Resource Identifiers)
This page is an example Of a web page that a browser can be used to view.
There have been several different web browsers that, over the years, have come and
gone. In Tim Berners-Lee invented the first one, called WorldWideWeb (later modified
to Nexus), NCSA Mosaic was, however, the first graphical browser and commonly used
browser that helped bring attention to the Internet.
• Google Chrome
• Microsoft Edge
• Microsoft Internet Explorer
• Opera
• Apple Safari
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Work Task
1. Processing Reservations
A consumer can put a hold on things that are not accessible at present. If the
reservation request for an item has already been made by others, the reservation is
placed on the waiting list that determines the order in which people made a reservation
for the item.
2. Undertaking Stocktakes
Stocktaking (or stock counting) is when all the inventory that your company currently
has on hand is manually checked and registered. It is an important part of your
inventory management since it can impact your buying, manufacturing, and sales.
Any product-based business will need to ensure that their levels are 100% accurate
from time to time as a part of their inventory control.
a. See how well you're tracking inventory - If you aren't tracking your goods as
well as you thought, then it may be a sign that you have poor inventory control.
b. Discover stock issues - Using a stocktake to detect issues that could have
been missing from the inventory management system, such as faulty goods,
missing orders, inadequate control, or theft.
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c. Ensure your business is meeting targets - You will start to refine your processes
and strategies to improve productivity and increase margins until you know exactly
how your inventory management is doing.
• Reduce the amount of safety stock you keep on hand in case of an emergency or
surge in demand
• Change up you’re pricing to ensure all your products are selling quickly
The one business area that all companies have in common is accounting You need to
know what your financial status is regularly, no matter what your company is, and you
need to satisfy your financial responsibilities to local city, state, and federal tax authorities.
a. Knowing your financial Situation You need to 'know where your business is situated
on a regular, weekly, yearly, quarterly and annual basis. Do you make money, do you
increase or decrease your client base, do you have enough money in the bank to fulfill
your commitments, do you fulfill the goals you set .for your business? You have little or
no influence over your organization without this information. When you need to buy, you
need to know how much inventory you have on hand, how much you need to order, the
credit termS provided by your suppliers, the balance of your bank account to fund your
company operating payments such as rent, electricity, office equipment inventory,
salaries of workers, and payroll taxes.
b. Meeting your tax obligations - You are responsible for meeüng the federal state and
city tax commitments weekly, quarterly and yearly. These responsibilities include payroll
taxes, state and municipal sales taxes, local business taxes, employee withholdings and
employer portion in federal income tax, social security, and Medicare, and permits and
fees to do business in the jurisdiction of your company.
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4. Producing Documentation
As your business grows, so does its complexity, there are more steps, more people,
and more things involved that may not always be arranged most efficiently.
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TO BE POSTED IN
YOUR LMS AFTER
DISCUSSION
30
Answer to Self-Progress Test/ Comments
TOTAL 50 POINTS
Focus & Details The main ideas The main ideas The main ideas are The topic and main
are clear and are are clear but are somewhat clear. ideas are not clear.
well supported not well
by detailed and supported by
accurate detailed
information. information.
31
Summary of the Lesson
Many modern business tools have wide applications in a business where they can assist
the business in meeting its objectives. Many business tools also present a possible non-
business use that should be considered when allowing access. The simplest example is
a telephone. Business calls to suppliers and customers are part of the job of many people.
Just as a telephone call to a relative in another country is not. The number, cost, and
nature of personal access have been a challenge for businesses for many years, but as
the range of tools with this issue has increased so has the range of challenges.
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LESSON 3
Introduction
Ethics is a system of moral principles, They affect how people make decisions and lead
their lives. It is concerned with what is good for individuals and society and is also
described as moral philosophy. The term is derived from the Greek word ethos which can
mean custom, habit, character, or disposition
Legal Behavior follows the dictates of laws, which are written down and interpreted by
the courts. In decision making, determining the legality of a course is facilitated by the
existence of statutes, regulations, and codes.
Learning Objectives:
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Business Ethics Laws and Regulations
This means more than just following the letter of the law since laws can still be
amended, but also following the codes of behavior created by the religious values
philosophies, and even the special requirements of a particular occupation of society.
Ethics is a reflection of the belief held by most people that, regardless of whether an act
of thinking is always good or always evil, or whether, depending on a situation, they are
relative, we must behave in a way that is right as human beings.
To better allow the organization to achieve its ethical objectives, a consistent ethics plan
is required.
The ethical standards of an organization need to be clearly defined by the values and
laws, including the code of ethics and policies. They should describe the behavioral
standards desired, which should be into appropriate and unacceptable behaviors in the
company codes of ethics and supporting policies.
The power of leaders is even more important because they are such good role
models-the way they implement the values in practice By values they convey, by what
they say, and by what they do, the organization's ethical standards are effectively set
and ingrained
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2. Forming an Ethics Committee
The Companies Act now demands that most companies form social and ethics
committees (except small businesses). Yet, especially in the absence of legislation, an
ethics committee can be a valuable facet of an ethics policy.the value of this
committee's contribution will depend on its composition: members need to be sufficiently
senior to be able to make decisions and to support acts. However, the ethics committee
does not assume the role of sole custodian of the ethics of the workplace. Instead,
every member of the organization should consider their role and devotion to the
company's ethical status, and the committee's effectiveness will depend on the degree
to which they achieve this buy-in.
So, too, a high degree of ethical awareness in the workplace understands the same
impact of mitigating wrongdoing.
Ethical consciousness can also promote ethical behavior by providing a daily reminder
of what is proper behavior inside the organization, this is especially productive if the
tangible examples are derived from the positive actions of the members of the
organization.
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4. Measuring and monitoring the ethical status
Measuring and monitoring a company's ethical status is also a vital part of good s&ateu
on ethics. When you can't measure something, the dictum that you can't regulate it
applies to ethics, as well as any other part of an organization posiffve ethical status, has
many benefits, including customer retention, corporate reputation, and brand image,
although, on many fronts, a negative status can be very detrimental.
CONSUMER PROTECTION
Republic Act No. Consumer Act of the Philippines of 1991
7394
DOJ Advisory Opinion Advisory on Plagiarism if committed under certain
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DATA PRIVACY & SECURITY
Republic Act No. 9173 Data Privacy Act of 2012 — An Act Protecting Individual
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TO BE POSTED IN
YOUR LMS AFTER
DISCUSSION
38
Answer to Self-Progress Test/ Comments
TOTAL 50 POINTS
Focus & Details The main ideas The main ideas The main ideas are The topic and main
are clear and are are clear but are somewhat clear. ideas are not clear.
well supported not well
by detailed and supported by
accurate detailed
information. information.
39
Summary of the Lesson
Ethics is a system of moral principles; they affect how people make decisions and lead
their lives. It is concerned with what is good for individuals and society and is also
described as moral philosophy. The term is derived from the Greek word ethos which can
mean custom, habit, character, or disposition
Legal Behavior follows the dictates of laws, which are written down and interpreted by the
courts. In decision making, determining the legality of a course is facilitated by the
existence of statutes, regulations, and codes.
Ethical business practice is concerned with society's duties and responsibilities to uphold
moral values and to live up to the aspirations Of stakeholders, the public, government
institutions, and society, These principles include fairness and integ•igr standards,
understandings of right and wrong, and responsiveness and transparency expectations,
In both formalized agreement* such as taxes and salaries to workers, and the tacit
understandings •that determine the position of the corporation within society, the ethical
principles that corporations must live up to exist
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LESSON 4
Introduction
What does it take to run a successful business? Some people tell you it’s the art of
identifying and seizing an opportunity—the union of preparation and luck. Some say
preparation and education best prepare people for the rigors of the business world. Still,
others claim it’s all about connections. But none of them offer the whole story.
There’s one major element that’s essential: effective communication. Indeed, strong
communication, more than any other factor, maybe the leading predictor of business
success. In some way or another, communication contributes to all those other factors.
Communication helps us learn about new opportunities, manage our education, and
ultimately maintain and cultivate important connections. But it also helps within a
business; with employees, customers, and shareholders; and in virtually every other
aspect of a business.
Learning Objectives:
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I. Business languages and terminologies
Business plan. A business pian is, as the name implies, a document used explain the
strategy of an organization, set growth for the next three to five years, and identify
information needed to achieve those goals, such as target market, unique selling points,
marketing goals, etc. it can also highlight strengths, weaknesses, opportunities, and
threats (also known by the abbreviation SWOT). Business plans are important for forming
or starting a company and would be needed to receive funding from banks, the
government, or investors
Balance sheet. A balance sheet details company finances for a certain moment in time
(often the end of the financial year), This lists the company's asset values (things that
belong to it), liabilities (what it owes), and equity of ownership (what is left after liabilities),
A review of how the organization is doing financially should be presented, which can then
be compared with the objectives outlined in the business plan.
Start-up process. The term "start-up is used to describe a brand new company, usually,
in ifs few months or years of trading, The definition has connotations Of entrepreneurship,
and the implication is often that the organization will significantly grow in scale. It is often
associated with the industry since the word was commonly used during the dot com
period, but it can refer to any new business. Start-ups, often in unorthodox offices with a
friendly environment, ate generally thought of as forward-thinking.
Forecast. Just as a weather forecast forecasts what the weather Would do based on its
current state, external circumstances, new products, marketing, and so on, a business
forecast predicts various aspects of a company’s future movement. The timeframes are
usually much longer than those involved in weather with previews being popular for
three to five years. Sales, profit and loss, and cash flow are types of company forecast;
the latter allows business owners to assess when money is going to run out.
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Marketing. Marketing refers to the commercialization of a product or service. It can take
many forms, including advertising, emailing customer, sending out leaflets or brochures,
communicating With potential Customers through social media, and so on.
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5. Introduce others. No one wants to stand with a group of people who
uncomfortably have no idea who they are and what they doing there, It is
unpleasant. If you are starting a conversation with someone and are with a
person they have .not yet met, it is respectful to make an introduction,
7. Proofread emails for grammar and typo mistakes. If you're like most
professionals, you can connect a lot by email Every message sent reflects on
you, so you need to ensure that they are well-written and professional. You
shouldn't have typos in emails. It just takes a few seconds to proofread your
emails before clicking send.
10. Dress appropriately. Dress codes have been a lot more relaxed in recent just
because no rule says you can't show up for work in a hoodie, sweatpants, and
flip-flops, that doesn't mean you should.
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III. Conflict Resolution Techniques
To help resolve conflicts in your workplace, consider the following strategies for
conflict resolution:
• Listen, Talk Out Then. Believe it or not, just listening to the issue of an employee
is the first and most important step in dispute resolution. You should listen to all
parties involved to better grasp the nature of conflicts and then start
troubleshooting solutions.
• Collect a party. As a chief, you'll need to organize a meeting with all parties
involved to tackle the problem. *Give everybody a chance to talk; it's a good
opportunity to hear from both sides and get a better picture of the conflict By
conducting a community meeting, an arrangement that will satisfy everyone may
also be expedited.
• Be ImpartiaL Don't take any sides! In a leadership position that favors one person
over another, you should not demonstrate any sort of opinion. If you're biased
against one person, fry accessing the situation from both sides to come up with a
reasonable and logical solution.
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IV. Business Documents
Business documents are materials that represent you, your department, and/or your
corporation, whether they are external parties or other stakeholders in your organization.
It is a form of organized document that is used for business purposes to keep things
systematic.
Digital communication involves the use of electronic tools to send messages common
ways of communicating digitally include:
➢ Email
➢ Text messages
➢ Video conferencing
➢ Social media
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Importance of Communication
✓ Access to a wider audience - Businesses will now have far better access to a
larger audience. When targeting clients with marketing materials, this can be
helpful. However, this can also be useful for the human resources feature, as they
may want to draw a large pool of candidates for a work vacancy.
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correspond, compose, or have a conversation on the Internet, except that the
dialogue takes over a network
Texting- t is helpful for brief exchanges and is a convenient way to remain with
others when it would be cumbersome to communicate on the phone. For long or
complex texts, texting is not beneficial, and the audience should be given due
consideration.
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TO BE POSTED IN
YOUR LMS AFTER
DISCUSSION
49
Answer to Self-Progress Test/ Comments
TOTAL 50 POINTS
Focus & Details The main ideas The main ideas The main ideas are The topic and main
are clear and are are clear but are somewhat clear. ideas are not clear.
well supported not well
by detailed and supported by
accurate detailed
information. information.
50
Summary of the Lesson
Good communicators are vital to a business's profit margin and reputation. Employees
who communicate well and understand the company's vision help make the company
successful. Using effective communication skills can benefit a business and its
employees in a variety of ways, including:
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