Scribd Logo
Upload

Welcome to Scribd!

  • An Introduction To Business Management: International Baccalaureate Diploma Program

    Uploaded by

    Troy Holidaya
    5 views9 pages
    This document provides an introduction to business management. It defines a business as a decision-making organization that uses inputs like raw materials, equipment, and labor to produce goods and services. The main functions of a business are human resources, finance and accounts, marketing, and operations. Businesses operate within sectors like primary production, secondary manufacturing, tertiary services, and quaternary professional services. The document also distinguishes between entrepreneurs who own organizations and take on substantial risk, and intrapreneurs who are innovative employees within companies. It lists reasons for starting a business like growth, earnings, inheritance, and autonomy, and outlines steps like writing a business plan and obtaining registration and capital. Finally, potential obstacles

    Original Description:

    BM Unit 1.1

    Original Title

    1.1 Ppt

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides an introduction to business management. It defines a business as a decision-making organization that uses inputs like raw materials, equipment, and labor to produce goods and services. The main functions of a business are human resources, finance and accounts, marketing, and operations. Businesses operate within sectors like primary production, secondary manufacturing, tertiary services, and quaternary professional services. The document also distinguishes between entrepreneurs who own organizations and take on substantial risk, and intrapreneurs who are innovative employees within companies. It lists reasons for starting a business like growth, earnings, inheritance, and autonomy, and outlines steps like writing a business plan and obtaining registration and capital. Finally, potential obstacles

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views9 pages

    An Introduction To Business Management: International Baccalaureate Diploma Program

    Uploaded by

    Troy Holidaya
    This document provides an introduction to business management. It defines a business as a decision-making organization that uses inputs like raw materials, equipment, and labor to produce goods and services. The main functions of a business are human resources, finance and accounts, marketing, and operations. Businesses operate within sectors like primary production, secondary manufacturing, tertiary services, and quaternary professional services. The document also distinguishes between entrepreneurs who own organizations and take on substantial risk, and intrapreneurs who are innovative employees within companies. It lists reasons for starting a business like growth, earnings, inheritance, and autonomy, and outlines steps like writing a business plan and obtaining registration and capital. Finally, potential obstacles

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    AN INTRODUCTION TO

    BUSINESS MANAGEMENT
    INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM
    WHAT IS A BUSINESS?
    • Business is a decision-making organization involved in the process of using
    inputs to produce goods and/or provide services.
    •,
    INPU PROCESSE OUTPUT
    Goods  tangible T S
    Raw
    (Consumer &Capital goods) Turning
    materials, Final
    inputs into
    Services  Intangible materials, products or
    goods or
    equipment services
    services
    Needs? and labour

    Wants?
    MAIN FUNCTIONS OF A BUSINESS
    1. HUMAN RESOURCES
    2. FINANCE AND ACCOUNTS
    3. MARKETING
    4. OPERATIONS
    BUSINESS SECTORS
    • PRIMARY SECTOR (Production)
    • SECONDARY SECTOR (Manufacturing)
    • TERTIARY SECTOR (Services and products)
    • QUATERNARY SECTOR (Professional services)
    INTRAPRENEUR VS ENTREPRENEUR
    ENTREPRENEURS INTRAPRENEURS

    OWNERS OF ORGANIZATION EMPLOYEES

    SUBSTANTIAL RISK MEDIUM TO HIGH RISK

    VISIONARY INNOVATIVE

    PROFIT REMUNERATION

    RESPONSIBILITY OF WORKFORCE RESPONSIBILITY TO OWNER

    FAILURE  PERSONAL COSTS FAILURE  COMPANY’S LOSS


    WHY START A BUSINESS?
    • GROWTH
    • EARNINGS
    • TRANSFERENCE AND INHERITANCE
    • CHALLENGE
    • AUTONOMY
    • SECURITY
    • HOBBIES
    STEPS TO START
    1. WRITE A BUSINESS PLAN
    2. OBTAIN CAPITAL
    3. OBTAIN REGISTRATION
    4. OPEN A BUSINESS BANK ACCOUNT
    5. MARKETING
    POSSIBLE OBSTACLES

    • LACK OF FINANCE
    • CASH FLOW PROBLEM • LEGALITIES
    • MARKETING PROBLEM • PRODUCTION PROBLEMS
    • UNESTABLISHED • HIGH COST
    CUSTOMER BASE • POOR LOCATION
    • PEOPLE MANAGEMENT • EXTERNAL INFLUENCES
    PROBLEM
    REVIEW QUESTIONS P.13

    You might also like