What Is a Business?

A business is defined as an organization or enterprising entity engaged in commercial,

industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations
that operate to fulfill a charitable mission or further a social cause. The term business also refers to
the organized efforts and activities of individuals to produce and sell goods and services for profit.
Businesses range in scale from a sole proprietorship to an international corporation. Several lines of
theory are engaged with understanding business administration including organizational behavior,
organization theory, and strategic management.

What is Sales Talk?

A verbal presentation often accompanied by demonstration (personal or media) used to
persuade others to buy a product or service or to accept an idea or proposal.

The Importance of Communication Skills in Business

Communication skills help to plan, manage, organize, promote, innovate various marketing,
management, development, construction processes, and systems. Communication skills are
important to market and promote the business. Communication skills help to build and inspire people
to work towards organizational goals and communication skills are the method that a business can
use to provide great customer experience. Communication skills are important to remove the
communication gap between employer and employees. Communication skills help to reduce stress
and improve productivity. This is the way that inspires everyone to achieve the organizational goals
effectively and happily. That’s why communication skills are very important in business management
and organizations.

Organizational Management

Organization management refers to the art of getting people together on a common

platform to make them work towards a common goal.

Organization management enables the optimum use of resources through meticulous planning and
control at the workplace.

Organization management gives a sense of direction to the employees. The individuals are well aware
of their roles and responsibilities and know what they are supposed to do in the organization.

An effective management ensures profitability for the organization. In a layman’s language

organization management refers to efficient handling of the organization as well as its employees.
Parts of a Business Proposal
Chapter I

 Business Plan Product Name

 Executive Summary (Answering/Discussing WH-questions)
 Group/Company Description (Mission, Vision, Objectives, and Keynotes to Success)
 The Product (Product Name, Product Composition, Product Features:Price and Variations)
 Product Sourcing (Suppliers)
 Product Costing (Resources)
 Feasibility (How it is done, to whom, to where, and why)

Chapter II

 Organizational Group Structure (Job Description Chart)

 Market Analysis (Target Market, Market Laws and Policies, Competitors, and Distribution)
 Sales Strategies (Methods of Advertising: Manual and Media Based)
 Sanitary Procedures (Raw Materials-Processing and Production-Selling)
 Product Analysis (Product Related Supply and Demand)

Chapter III

 Capital, Earning, Return of Investment (CE-ROI)

 Financial Statement

Chapter IV

 Documentation
 Profile

Schedule:

Business Presentation: October 2, 2019 (8:00AM-11:ooAM)

Business Application: October 4-11, 2019
Business Output Final Touch: October 14-17
Final Submission (Ring Bound): October 18, 2019

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