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Indutrial management)
1. SHREE RAMKRISHNA INSTITUTE OF
SCIENCE & TECH.
PRESENTEDBY:~
Abhinandan kumar
Dept- Mechanical eng.
Semester- 6th
Roll- 12
Section- A
Topic- Overview of Business
2. What is business?And typesof business.
Business is an economic activity involving the regular production or
distribution of goods and serviceswith the objective of earning
profits through the satisfaction of human wants.
Service industry is the major type of business running in India.
Examples – entertainment, consultancy, banking,
telecommunication, call centres, KPO, etc.Service is different
from manufacturing and trading of goods.
In manufacturing, the items are produced using raw materials
with the help of different engineering process and
technologies.Other business depend on manufacturing. Hence
it is very important. Example- machines, automobiles,
stationary, etc.
These enterprises are concerned with the distribution of
products i.e. sale of products , distribution, transfer, exchange
of goods to business houses as well as consumers.Trading
enterprises may be found operating in form of Wholesale,
Retail, Import and export, Investment trusts, etc.
SERVICE
MANUFACTURING
TRADE
3. INDUSTRIALSECTOR.
Engineering industry mainly deals with:- Design, Manufacture,
Operations of structures, machines, or devices.
Eng.Industry
Process Industry
The process industries do different processes on the raw material to
produce the final product.The process could be either continuous or occur
on a batch of materials.Examples:- Paper,Coal, Rubber, Plastics, etc.
Textile industry deals with design and manufacturing of clothing
products.Indian textile industries are one of the leading in the world.It
includes following sectors:- Cotton, Jute, Sericulture,
TextileIndustry
Chemical Industry
This industry includes wholesale distributors of chemicals and allied
products. Chemical industry products include acids, industrial and heavy
chemicals, dyestuffs
It deals with supply, processing and distribution of farm products. It also
includes post harvest activities like large-scale production, processing
and packaging of food etc.
Agro.Industry
4. Higher Standards of Living Across the Globe.
Consumers to get much wider variety of products to choose from.
Businesses and investors get much wider opportunities for
investment.
Lack of local businesses.
Developedcountries can stifle developmentof undeveloped
and under-developedcountries.
It can increase spread of communicablediseases.
GLOBALIZATION.
Globalization”is the process by which businessesor other organizations
develop internationalinfluence or start operating on an internationalscale.
Advantage
Disadvantage
•Along with positive impact, there is negative too. Globalization bringsfear as
well.
•Mentalpressure on companiesthat causesmany people to loose their jobs
Negative
Impact
•A better economy –it introducesrapid developmentof the capitalmarket
•The new scientific research patternsare allresults of globalization.
Positive
Impact
5. Intellectual
Property
Industrial
Property
Inventions
(Patent)
Trademark
Industroal
Design
Trade
Securets
Copyright
INTELLECTUAL PROPERTY RIGHTS(IPR)
Intellectual property rights are legal rights that provide
creators protection for original works, inventions, or the
appearance of products, artistic works, scientific
developments, and so on.
They are five types
1. Copyright – It is a term to describe the rights that creator have
over their literacy and work.
2. Patents - It is an exclusive rights granted for and invention.
3. Trademarks - It is a sign capable of distinguish the goods or
services of one enterprise from those of other enterprises.
4. Industrial designs -It is the constitutes the ornaments or
aesthetics of an article. It consists 3D design features.
5.Trade Secrets - It is an confidential information which may be
solid or licensed.