1. Nature of Business
1
Dr. R. PREMA
Assistant Professor in
Commerce
Business Organisation and
Office Management
2.
3.
4. “The State of being Busy”
“Satisfaction of Human wants”
Barter System
Introduction
5. A business entity is an organization that
needs fund, labour, machines or inputs to
provide goods or services to the customers
with the transactions through the medium
of money or in monetary terms. But such
an organization can take many forms.
Introduction
6. Dicksee (1980), “Business refers to a form
of activity conducted with an objective of
earning. profits for the benefit of those on
whose behalf the activity is conducted.”
Definition - Business
7. Characteristics of Business
Sale, transfer or exchange of
gods and services for value
Continuity of dealings
Profit motive
Uncertainty and risk
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9. Business and Profession
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Business - Earn Profit by supplying goods
and Services
Profession – An advice or service rendered by
one or a group of persons which does not
include manufacturing or selling of goods.
14. Secondary Objectives
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Economic
• Creation of
customers
• Innovating
new
commodities
Social
• Supply of
good quality
at fair prices
• Employment
Opportunitie
• Fair returns
to Investors
Human
• Fair deal to
employees
• Developing
Human
Resources
• Job
satisfaction
employees
15. Principles of Organisation
1. Clear definition of objectives and policies
2. Division of labour
3. Supervision and control
4. Expansion
5. Standardization
6. Simplicity
7. Recurring the personnel
8. Duties and Responsibilities
9. Financial Incentives
16. Essentials of a Successful Business
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Planning
Objectives
Research
Location
& Size
Sound
Organisation
Adequate
Finance
Effective
Managemen
t
Effective
Distribution
System
17. Qualities of Successful Businessman
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Determination and will power
Accuracy
Capacity to take quick decisions
Alertness
Honesty
18. Qualities of Successful Businessman
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Co-operative attitude
Leadership
Training
Energy
Other qualities
19. Business Ethics
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Concerned with moral values or acts
Application of general principles
Growing awareness of public
Render justice to various parties