MANAGEMENT

( 17601)
(SEMISTER 6)

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Examination Scheme :-

 Objective Paper:- 1 Hr 30 Min

 Max- 50 Min- 20
Course Outcome.
 C601.1-Describes the importance of
Management Process in Business activities.
1. OVERVIEW OF BUSINESS
( 04 marks)

 1.1 Types of Business

 1.2 Introduction to Industrial Sectors
 1.3 Globalization
What do mean by Business?
 An organization or economic system where
goods and services are exchanged for one
another or for money.
 Every business requires some form of

investment and enough customers to whom its

output can be sold on a consistent basis in
order to make a profit.
 Businesses can be privately owned, not-for-

profit or state-owned.
Types of Business

Service

Manufacturing Trade
1.1. Types of Business

1.1.1. Service Industry:
a) Transportation
b) Education
c) Tele-Communication(eg. BPO)
d) Health
e) Real Estate
f) Travel Toursim
g) Social and Personal Services
1.1.2 Manufacturing Business
a) Steel
b) Leather
c) Mining
d) Fertilizers
e) Consumables
f) Automobile Sector
g) Furniture
h) Cellphones
1.2 Industrial Sector
Types of Industrial Sectors:-
1. Cement Industry
2. Iron and Steel Industry
3. Automobile Industry
4. Paper Industry
5. Textile Industry
6. Jute Industry
Trade
 This sector are basically concerned with the
distribution of products i.e sale, transfer or exchange of
goods to the consumers.
 They are found in operating in the form of:-

a) Wholesale
b) Retail
c) Import and export
d) Investment Trusts
1.3 Globalization
 What do you mean by Globalization ?
 What is LPG ?
 General Agreement on Tariff And

Trade( GATT)
 WTO
GATT AND WTO
 General Agreement on Tariffs and Trade (GATT) was
a multilateral agreement regulating international trade.
 Purpose was the "substantial reduction of tariffs and
other trade barriers and the elimination of preferences.”
 It was signed by 23 nations in Geneva(Switzerland i.e
HQ ) on October 30, 1947 and took effect on January 1,
1948.
 It lasted until the signature by 123 nations in Marrakesh
on April 14, 1994 of the Uruguay Round Agreements,
which established the World Trade Organization (WTO)
on January 1, 1995
WORLD TRADE ORGANIZATION
(WTO)
 WTO is the only global international
organization dealing with the rules of trade
between nations.
 The goal is to help producers of goods and

services, exporters, and importers conduct

their business.
 Globalization
 Globalization is the process of transformation
of a regional phenomenon into a global one.

 It is a process by which the people of entire

world are unified into a single society and
function together.

 The process of integrating national economics

into international economy through trade,
foreign investment, migration and spread of
technology.
Advantages of Globalization
 Market size is increased
 Employment opportunities
 Conquering foreign markets
 Collaboration and Business Merging
 Increase in FDI
 Identity in Global Market
 Overall Economic Development
Disadvantages of Globalization
 Increase in Competition
 Extreme Industrialization and effects on

pollution
 More automation reduced work force
 Cheap foreign products available
 Multinational are making Indian people

habitial of using their products

Intellectual Property Rights (IPR)
 Intellectual property (IP) is a legal concept which
refers to creations of the mind for which
exclusive rights are recognized.

 Common types of intellectual property rights include

copyright, trademarks, patents, industrial design rights,
trade dress, and in some jurisdictions trade secrets.
Disinvestment
 It is the action of an organization or government selling
or liquidating an asset.

 The primary objective is to maximize the

return on investment (ROI) on expenditures related to
capital goods, labor and infrastructure.
THE END…!

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