BUSINESS MANAGEMENT

1. Prepared by
BINDU .M.K. ASSISTANT PROFESSOR
INTRODUCTION TO
BUSINESS SYSTEM

2. Business systems are a set of repetitive
processes that aim to achieve a specific
objective. Benefits of business systems
include greater efficiency, productivity,
clarity, consistency

3. Objectives of Business System:
1. To meet the user and customer needs.
2. To cut down the operating costs and
increase savings.
3. To smooth the flow data through various
levels of the organization.
4. To handle data efficiently and provide
timely information to the management.
5. To speed up the execution of results with
the reliable data available in a system.

4. OVER VIEW OF
BUSINESS SYSTEM

5. BUSINESS ENVIRONMENTAL
FACTORS

6. THE COMBINATION OF INTERNAL AND
EXTERNAL FACTORS THAT INFLUENCE A
COMPANY’S OPERATING SITUATION.

7. External Factors.
Every business has a number of
external factors that either directly or
indirectly affect it. These factors can
range from individuals, government
regulations, environmental concerns, to
other organizations and businesses.

8. Internal Environment Factors:
The forces present within a business
organization define its characteristics.
These include the work culture, the
level of machinery used, the
management process, etc.

10. INPUTS ARE ANY RESOURCES USED TO CREATE
GOODS AND SERVICES.
EXAMPLES OF INPUTS INCLUDE LABOR
(WORKERS’ TIME), FUEL, MATERIALS, BUILDINGS,
AND EQUIPMENT. LABOR INPUT IS THE TIME
PEOPLE SPEND WORKING TO PRODUCE GOODS
AND SERVICES.

11. TRANSFORMATIONAL PROCESS
AND OUTPUT

12. THE TRANSFORMATION PROCESS
IN OPERATIONS MANAGEMENT IS
ALL ABOUT CONVERTING INPUTS
INTO OUTPUTS.

13. OBJECTIVES OF BUSINESS
SYSTEM

14. 1. To meet the user and customer needs.
2. To cut down the operating costs and
increase savings.
3. To smooth the flow data through various
levels of the organization.
4. To speed up the execution of results with the
reliable data available in a system.
5. To provide timely information to the
management

15. SYSTEM MODEL OF
BUSINESS MANAGEMENT

16. THE SYSTEM INCLUDES GUIDELINES
AND PROCESSES FOR DEVELOPING
BUSINESS MANAGEMENT PLANS.

17. Business Management System is a
multilevel hierarchy of business solutions
that represent how a profit-oriented
organization will carry out different
functions (like Sales, Purchasing,
Marketing, Staffing) to accomplish a task
and achieve a goal successfully

19. MANAGEMENT

20. MANAGEMENT IS THE
PROCESS OF GETTING
THINGS DONE THROUGH
OTHER PEOPLE

21. BUSINESS
MANAGEMENT

22. Business management is how a
business manages itself and its
operations to achieve its goals.
For example, business management
includes the management of inventory,
production of goods, planning business
activities, managing human resources, and
so on.

23. FUNCTION OF
MANAGEMENT

24. Henry Fayol, the father of principles
of management, has classified
managerial functions as follows:
(a) Planning, (b) Organizing, (c)
staffing, (d) Directing, and (e)
Controlling.

26. WHAT IS THE SYSTEM MODEL?
IN THE SYSTEM MODEL, THE
ORGANIZATION LOOKS AT THE
OVERALL STRUCTURE AND TEAM
ENVIRONMENT, AND CONSIDERS
THAT INDIVIDUALS HAVE DIFFERENT
GOALS, TALENTS AND POTENTIAL.

27. THE “SYSTEM”
THE WORD “SYSTEM” COMES FROM
THIS VIEW THAT THE MANAGER IS
RESPONSIBLE TO HOLD TOGETHER
THE TEAM –
JUST LIKE ONE SYSTEM – CONNECTED
WITH EACH OTHER THROUGH THE
FEELINGS OF MUTUAL RESPECT AND
FROM BEING AN INTEGRATED
OVERALL PROCESS.