Your SlideShare is downloading. ×

28ff business 2

426

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
426
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1.  Business refers to commercial activities relating to production & distribution of goods & services for economic gain. i.e. profit. is a group effort of PRODUCERS, DISTRIBUTORS (like banks, insurance companies) etc. To satisfy human wants Not only profit is the motive but also social interest and customer satisfaction.
  • 2. Includes distinct features which are as follows: Organized activity creativity Profit motive Nature of Social responsibility Degree of scale business Societal interest Regularity in dealings Risks & uncertainties
  • 3. Organized activity : Identify customer problems or needs. Produce/supply goods & services. Monitor customer satisfaction.Profit motive: It’s the primary objective of any business. It’s reward for the risks undertaken by the business firm. Firm must utilize its net profits for growth & expansion.
  • 4. Regularity in dealings: Firm should engaged in business activity on a regular basis. A single or rare act of buying & selling can’t be called as business activity. For ex: a construction firm may take fairly a long time to construct and sell buildings or flats, as compared to a retailer who may buy & sell goods everyday. Both these activities can be termed as business.
  • 5. Risks & uncertainties : Business is subject to risk & uncertainties. It may earn profit or may also occur loss due to riskFor ex: change in fashion, tastes of customers, change in govt. policies, recession, change in technology, damage to goods/property due to fire, natural calamities, riots etc.
  • 6. ConsumerProfits + satisfaction Public interests +
  • 7. Social responsibilities: Firms try to fulfill their social responsibility towards various groups such as: EMPLOYEES : by providing better wages, working conditions ,welfare facilities etc. CUSTOMERS: better quality of goods & services at right prices. GOVERNMENT: Paying proper taxes & duties. SHAREHOLDERS: Enhancing their value, payments of dividends etc. COMPETITORS: adopting fair business activities. SOCIETY: sponsoring education, sports, culture etc.
  • 8. Creative & dynamic:◦ Modern business is creative in nature.◦ Firms must come up with innovative ideas toproduce & distribute consumer goods & services.◦ No business can say that they provide 100% thereis always a scope for improvement.Government control:Business firms are subject to government control in the form of rules & regulations. For ex: laws like 1. Indian Companies Act ,1956 2. Foreign Exchange Management Act , 1999 3. The Competition Act , 2002
  • 9. REGULAR SUPPLY OF GOODS OF SERVICES:We can’t produce goods on our own.It helps in promoting welfare & development of the society.GENERATING EMPLOYMENT OPPORTUNITIES:It generates employment for people.Provides direct employment related to the production, marketing, & service sectors like transport, communications, banking etc.REVENUE TO GOVERNMENT:In the form of taxes & duties payments.Uses this revenue for development of railways, roadways, irrigation, rural development, etc.
  • 10. SOCIAL WELFARE: It leads to prosperity & happiness Business is connected to almost every area of our social & personal life. For ex: participating in activities like sports, education, donations etc.FACILITATES ECONOMIC GROWTH, CREATION OF RICH & DEVELOPED COUNTRY : Economy National Economic income growth income Also earn foreign exchange
  • 11. CAPITAL FORMATION: It facilitates capital formation in the country. It takes place because of savings & investments.
  • 12. Business objectives Organic Economic Social Human Nationalobjectives objectives objectives objectives objectives
  • 13. ESSENTIAL PILLARS OF BUSINESS Survival growth prestige
  • 14. Economic objectives: Its related to the profit or monetary term. To earn profit Creation of customer Innovation in products Optimum utilization of resources. Creation wealth in form of goods & services.
  • 15. SOCIAL OBJECTIVES: Responsibility towards: government customers shareholders Suppliers, Socialemployees dealers, objectives competitors
  • 16. HUMAN OBJECTIVES: is related with the workers who provide their services for the efficient working of the business. To ensure following things:- Working Fair wages conditionsEqual work Equal pay
  • 17. NATIONAL OBJECTIVE: SOCIAL JUSTICE:- means providing equal opportunities to all, protecting interest of neglected, prevention of any sort of exploitation. For ex: a business unit should do justice to their handicapped workers, & women employees.PRODUCTION AS PER NATIONAL PRIORITIES: Analyze the taste, interest, and also The population then accordingly produce goods.
  • 18. SELF SUFFICIENCY: Make use of available natural resources & manpower for economic development. Should reduce dependence on foreign countries by producing goods or increasing exports and reducing imports.SOCIAL WELFARE: Adopting schools in backward areas, Funds for rural development, irrigation etc. Health camps. In December 2010, Azim Premji, the chairman of Wipro ltd transferred 213million shares valued at rs.8,846cr. Held by him in Wipro Ltd. To a trust as an endowment to fund social development activities( health, education, etc.)
  • 19. Important things:
  • 20. Sectors Description examplesPRIMARY AGRICULTURE, ANIMAL COTTON, WHEAT, RICE HUSBANDRY ETC.(AMUL)EXTRACTIVE FROM NATURE DIAMOND, COAL, GOLD, SILVER ETCGENETIC BREEDING POULTRY FARMINGSECONDARY PRODUCTION OF MANUFACTURING, FINISHED GOODS & FOOD PROCESSING, COMPONENTS. RAW MATERIALS INTO GOODS.TERTIARY PROVIDES SERVICES TEACHERS, LAWYERS, BANKERS.IT SOFTWARES & SATYAM, INFOSYS HARDWARES ETC.
  • 21. Mr. Anil Ambani Mr. LaxmiMittal
  • 22. Mr. Azim Premji Mr. Ratan Tata you
  • 23. Thank you !

×