3. Introduction to Company
• A company, abbreviated as co., is a legal entity made up of an association
of people, be they natural, legal, or a mixture of both, for carrying on a
commercial or industrial enterprise
• Company is meant an association of many persons who contribute
money or money’s worth to a common stock and employ it in some trade
or business, and who share the profit and loss (as the case may be) arising
there from
• It is different from organization and cooperation
• Companies are commercialized and business oriented
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4. Prerequisites of a Company
• Be Fully Committed
• Not accepting failure and consistently doing the same thing over and over again
• Network with Buyers
• One should get to know as many people as possible
• Create a Supply Chain
• Finding the right supply chain for business, and not limiting opportunities to selling direct
• Capitalize Your Business
• Having proper amount of cash to make business through the sales cycle
• Articulate your Value
• Speaking confidently makes one's product more special
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5. My role as a Manager
• Interpersonal Role
• Figurehead − Has social, ceremonial and legal responsibilities.
• Leader − Provides leadership and direction.
• Liaison − Networks and communicates with internal and external contacts.
• Informational Role
• Monitor − Seeks out information related to your organization and industry,
and monitors internal teams in terms of both their productivity and well-
being.
• Disseminator − Communicates potentially useful information internally.
• Spokesperson − Represents and speaks for the organization and transmits
information about the organization and its goals to the people outside it.
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6. My role as a Manager (contd..)
Decisional Role
• Entrepreneur − Creates and controls change within the organization - solving
problems, generating new ideas, and implementing them.
• Disturbance Handler − Resolves and manages unexpected roadblocks.
• Resource Allocator − Allocates funds, assigning staff and other organizational
resources.
• Negotiator − Involved in direct important negotiations within the team,
department, or organization.
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