6M Simulation

Course Contents

  • Establishment of an organisation
  • Sources of initial funds
  • Utilising funds
  • Buyers and the market
  • Price and the market
  • Competition
  • Aspects that influence costs
  • Profit and sharing
  • Work efficiently
  • Training
  • Effective use of materials, machines, equipment
  • Role of human resources
  • Role of management
  • Rules and regulations

Course Modules

MODULE I: INTRODUCTION

  • Resources
  • Goods/Products
  • The 6M’s
  • Output costs
  • Input costs
  • Price, Profit, Loss

MODULE II: BUSINESS ORGANISATIONS

• Funds to start a business
• Shareholding
• Profit sharing
• Competition and opposition
• Consequences of high production costs
• Setting of goals

MODULE III: BASIC ACCOUNTING

  • Need for calculators
  • Calculation of figures
  • Add, subtract, multiply and divide
  • Calculation of percentages

MODULE IV: PRODUCTIVITY VERSUS PAYMENT

  • Introduction to productivity
  • Specific resource productivity
  • Total resource productivity
  • Productivity and remuneration
  • Production targets