What is Agri Business? What is Agri Business Management? Importance of Agri business Management

1. PBG 2015-19
B.Sc. (Hons.) Agriculture
College of Agriculture
BZU Bahadur Sub Campus Layyah1

2. PBG 2015-19
Outline
Introduction
Importance
Conclusion
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3. PBG 2015-19
What is Agri Business…?
• Agribusiness is the business of agricultural production.
It includes
Agrichemicals
Breeding
Crop production
Distribution
Farm machinery
Marketing
Processing
Seed supply 3

4. PBG 2015-19
What is Management…?
• Process of various functions.
• Planning, Organizing, Leading and Controlling.
• Control business, to achieve the objectives.
• Includes all activities from planning to its actual
existence.
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5. PBG 2015-19
What is Agri-Business Management…?
• The making of business decisions
• For agricultural production
• That tend to maximize net income
• Match with the operator’s objectives.
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6. PBG 2015-19
Importance of Agri-Business Management
Helps in
Achieving
Group Goals
Helps in
Achieving
Personal
Objectives
Reduces
Costs
Increases
Efficiency
Optimum
Utilization of
Resources
Establishes
Sound
Organization
Establishes
Equilibrium
Essential for
Prosperity of
Society
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7. PBG 2015-19
Helps in Achieving
Group Goals
• Assemble and organize the resources.
• Join in the resources in effective manner to
achieve goals.
• By defining objective, there would be no
wastage of time, money and effort.
• It converts disorganized resources of men,
machines, money etc. into useful creativity.7

8. PBG 2015-19
Helps in Achieving Personal Objectives
• Management not only helps in achieving the organizational
objectives but also the personal objectives of the employees.
• Helps individuals to develop spirit of cooperation,
commitment and team spirit etc.
• It helps them to achieve their personal goals as well.
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9. PBG 2015-19
Reduces Costs
• We can get maximum results through minimum inputs.
• Uses physical, human and financial resources in such a manner which
results in best combination.
• It helps in cost reduction.
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10. PBG 2015-19
Increases Efficiency
• Efficiency increases when we use fewer resources (i.e. inputs) and achieve
more benefit or output.
• In any organization, input resources are men, money, material and
machinery.
• Management uses these inputs efficiently by properly allocating them to
reduce the wastage which ultimately decreases cost and thus leads to higher
profits.
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Optimum Utilization of Resources
• It utilizes all the physical & human resources productively.
• It leads to efficacy in management and all the operations.
• It makes use of experts, professional and these services leads to use of
their skills, knowledge, and proper utilization and avoids wastage.
• If employees and machines are producing its maximum there is no
under employment of any resources.
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12. PBG 2015-19
Establishes Sound Organization
• It establishes effective authority & responsibility relationship
• i.e. who is accountable to whom, who can give instructions to whom,
who are superiors & who are subordinates...?
• Management fills up various positions with right persons, having right
skills, training and qualification.
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Establishes Equilibrium
It enables the organization to survive in changing
environment.
It adapts organization to changing demand of market /
changing needs of societies.
It is responsible for growth and survival of organization.
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Essential for Prosperity of Society
• Efficient management leads to better economical production which helps in turn to
increase the welfare of people.
• It improves standard of living.
• Providing better quality goods and services, generating employment opportunities,
increasing the wealth of the nation, providing fair wages to the workers etc.
• Organization comes with new products and researches, beneficial for society.
• Effective management helps the organization in fulfilling all these obligations.
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15. PBG 2015-19
Conclusion
Management of agri-business makes good
profit for organization as well as it helps
achieving objectives of the organization and
ensures the well being of society.
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