Business and management chapter 1

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Business and management chapter 1

  1. 1. BUSINESS MANAGEMENT AND ORGANIZATION
  2. 2. COURSE SCHEDULE  CHAPTER 1: BUSINESS MANAGEMENT AND ORGANIZATION  CHAPTER 2: OBJECTIVES, STAKEHOLDERS AND THE EXTERNAL ENVIRONMENT  CHAPTER 3: ORGANIZATIONAL PLANNING AND DECISION MAKING  CHAPTER 4: GROWTH AND THE IMPACT OF GLOBALIZATION
  3. 3. Business Management and Organization Chapter 1
  4. 4. Nature of a business organization What is business? The nature of business activity inevitably varies from country to country and reflects the needs and resources of the local environment. Factors of production Labour Capital Land Enterprise
  5. 5. Business functions Businesses have four main functions: 1. Finance 2. Marketing 3. Human Resources 4. Operations Among these functions it is essential to have very good communication between workers and established team spirit.
  6. 6. Primary, secondary and tertiary sectors Primary Sector Business activity that involves extraction of raw materials. (mining, fishing , agriculture) Secondary Sector Business activity that creates finished or useable products. (manufacturing) Tertiary Sector Business activity that covers the services to businesses and individuals (transportation, distribution)
  7. 7. Business Organizations Public controlled and overseen by governments (covers sectors like health, education, just ice, police) Private owned by individuals with an objective of making profits (except charites and foundations) Public and Private Listed companies
  8. 8. Possible problems faced by start-ups Finance Poor cash flow The personality of entrepreneurs Location Developing a customer base HR management skills
  9. 9. Types of businesses Profit based organizations Non-profit and non-governmental-organizations NPOs Charities (TEV – Turkish Education Foundation) NGOs The Foundation of Anatolian Folklore and Culture Sole traders (Sole proprietors) Business where individual is the owner. Partnerships Two or more individuals work as co-owners Companies or corporations Separation in ownership and management
  10. 10. Public and private enterprise Public Private Partnerships (PPP) – 3P Collaboration between public bodies, such as local authorities or central government and private companies forming partnerships. Private Finance Initiative (PFI) Government and local authorities paying private contractors to build roads, schools, prisons and hospitals.
  11. 11. What are the advantages and disadvantages of PPP (Public Private Partnerships)?

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