Business As a System

Presented By: Raghvir Kaur

Business As a System
A system is assemblage or combination of things or parts forming a unitary whole. Cleland and King
A business organization is viewed as a system which is created to satisfy societys needs and desires by the production and distribution of goods and services undertaken with a view to earn profits .

Sub-systems
Production Marketing Finance Personnel Research and development Legal and Management

Business as an Open System

External Environment
The Organization And E Managerial Process

Inputs

Outputs
Goods

Labour Raw Material Technology Information

and Services

Feed Back

Characteristics Of Business System

Goal Oriented

Creative Open and Adaptive Psycho-social Sub-systems Environment Feed back Control Mechanism

Socio- Economic System

Business System -Industry -Commerce (Business Firms)
Production Marketing Finance Personnel R & D Accounting

Network of Systems

Problems in incorporation/Incorporation
Different orientations of Heads

Different Objectives
Lack of cooperation

Conflict between individuals and Business Goals

Working as Firm Compartments