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Assessing Your Business Management Skills

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   Assessing your Business Management Skills (4 th  Year Business/HTM Students) Part I  –   Student Profile Course _____ BSA _____ BSBA-MM ____ BSBA-FM _____ BSHRM _____ BS TOURSIM  A)    Age _________ B)   Gender  _______ Male  _______ Female Family Monthly Income  ______ below 20,000  ______ 21,000  –  35,000  ______ 36,000 - 55,000  ______ 56, 0000 Above Instructions: This is to assess your management skills based on what you learned and developed in the institution. Please evaluate honestly your skill and ability based on the following rating scale. 1   - Unsatisfactory (UN) 2   - Weak (WK) 3   - Average (AV) 4   - Good (GD) 5   - Exceptional (EX) (80%-100% when the criteria Personal ttitude Management Skills Indicators 1 (UN) 2 (WK) 3 (AV) 4 (GD) 5 (EX) 1 Communicate with others about problems until asolution is reached. 2 Consider the views of others 3 Use clear, direct, specific, accurate and honest communication 4 Recognize barriers in daily life, and develop strategies to overcome those barriers. 5 Creatively approach in solving problems in life. 6 Accept change as a normal part of life. 7 Make a plan for difficult situations and follow through 8 Recognize and make a change as needed. 9 Recognize and accept responsibility for actions and behavior. 10 Meet challenges head on. 11 Understand how risk and reward are related. 12 Recognize that risk taking is sometimes necessary. General Management Indicators 1 (UN) 2 (WK) 3 (AV) 4 (GD) 5 (EX) 1 Understand the practice of win/win negotiations with customers, lenders, and suppliers. 2 Develop pricing strategies and document pricingperformance. 3 Develop positive relationships with buyers and sellers. 4 Create an effective merchandising and procurementsystem. 5 Create effective strategies to obtain access to markets forboth inputs and products. 6 Understand principles of delegation of authority and responsibility to others.  7 Learn how to help employees develop their skills and abilities. 8 Recognize the value and the role human resources that it’s a vital to the success of business. 9 Known the effectively to search out changes occurring in the industry and develop strategies to use these changes for personalgain. 10 Recognize how everyday operating decisions affect theachievement of long-range business goals. 11 Search for new and better ways of doing things rather than following the old adage, “if it ain’t   broke, don’t fix it.”  12 Clearly identify the source(s) of the business competitiveadvantage. 13 Seek out others to provide opinions about your ideas and plans. 14 Continue development of leadership skills. Production Management Skills Indicators 1 (UN) 2 (WK) 3 (AV) 4 (GD) 5 (EX) 1 Design and complete product/services in a timely manner. 2 Utilized the technology that provides the most efficient use of resources. 3 Use the least cost mix of inputs for the quantity of output produced 4 Establish appropriate production benchmarks for evaluating product and services delivery. 5 Understand on how to achieve levels of production higher than established benchmarks. 6 Quickly identify problems in production performance and take corrective action. 7 Learn how to evaluate alternative methods of acquiring production skills, including consultants and technology/ seminars and workshops. 8 Effectively utilize production technical consultants, such as engineers, lawyers and accountants. 9 Identify influence of production practices on quality and level of production. 10 Apply on closely monitor the product inventories to be sure that quality is maintained. Financial Management Skills Indicators 1 (UN) 2 (WK) 3 (AV) 4 (GD) 5 (EX) 1 Effectively manage financial and operating risk. 2 Achieve performance above profitabilitybenchmarks. 3 Achieve performance above liquidity and solvencybenchmarks. 4 Achieve performance above financial efficiencybenchmarks. 5 Negotiate competitive interest rates, loan repaymentterms, and collateral requirements. 6 Make effective use of various sources of debt, equity,and leased capital. 7 Maintain a positive relationship with lenders andother stakeholders who contribute capital to thebusiness. 8 Develop and maintain n an effective financialaccounting system. 9 Use capital budgeting procedures to evaluate capitalinvestments. 10 Effectively manage income taxes over time. 11 Use leasing and other asset-control strategies whereappropriate. 12 Establish appropriate control procedures for cashexpenditures. 13 Develop an effective management succession andestate  transfer plan. Marketing Management Skills Indicators 1 (UN) 2 (WK) 3 (AV) 4 (GD) 5 (EX) 1 Create ideas on how to capture market share through market analysis. 2 Execute the marketing plans and research development of product and services. 3 Utilized marketing strategies on advertising, flyers and development of brochures. 4 Understand the consumers behavior towards the product and services based on need, wants and demands. 5 Understand the value of developing good customer relationship. 6 Developed promotional strategies such as sales discount, raffle draw, and product permutation. 7 Understand the importance of location site of the business. 8 Used effective communication and good salesmanship. 9 Analyzed and benchmark those direct and indirect competitors on products and services. 10 Understand the application of or distribution/chain management of the product. 11 Learn the value of service after sales such guaranties and warranties of products or defects of products and services. 12 Understand the application of advertising strategies such ….   A)   TV Ads B)   Print Ads (newspapers, magazines and ect) C)   Outdoor Ads (Billboards, signage and etc.) D)   Internet (Web Site, search engine, net browser) E)   Celebrity Endorsement F)   Social Media (face book, twitter..and the like) Business Research Skills Indicators 1 (UN) 2 (WK) 3 (AV) 4 (GD) 5 (EX) 1 Understand the concepts, principles applications of research in business industry. 2 Ability to create, develop and identify the research problem 3 Capability in conducts research interviews 4 Understand on how to identify random sampling tools and interpretation 5 Ability to communicate effectively the different kinds customers, stakeholder and respondents. 6 Ability to use different/variety of statistical instruments Understand effective the development of questionnaires and survey. 7 Knowledgeable in manipulation of statistical software (SPSS, Strata, MS Excel and etc. 8 Has the ability to present, tables and interpretation of data. 9 Understand the analysis, implication and collaboration of the finding of the study 10 Ability to differentiate statistical instruments 11 Knowledgeable on use of word processing, editing and printing of documents 12 Understand the rules of writing research such as margin, tabulation, paging and formats. 13 Ability to develop a summary of findings, draw a conclusion and recommendation of the research.  14 Ability to depend and respond to question on the result of the study 15 Develop a confidence in communicating the ideas, hypothesis, assumptions of the study. vi The Researcher

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