2. "Business indicates towards all those functions, which run the
business successfully and create the organisational relationship
amongst men, machine, and materials to achieve the objectives of a
business".
3. CONCEPT OF BUSINESS DEVELOPMENT
"Concept is an intangible thought which is
generalised by basic idea or imagination"
4. CATEGORIES OF
CONCEPT
Old Concept
According to this concept, business development is all related to
the traditional method only economic activity only and business
done offline. The sole objective of a business is to maximise profit
and concentration of financial power by hook and crook. At that
time the profiteering activation were considered to be of prime
importance
5. Modern Concept
According to this approach the final goal of
business is not making money but it has
covered customer satisfaction must.
Today, all business is going on online, if you
want to bring your business online, then you
should look at the concept of Website Design
Silverdale, Usability defines the success or
failure of a website and the development of
the business from the website.
6. Goal Determination
Goal or objectives (the two terms are used interchangeably) are the
end result of the business organisation's operations. Unless there is an
objective, organisation operations cannot be ensued. Identification of
organisational goals is, in fact, the first step of the overall planning
process.
7. Project Proposal
A project is a confination of interrelated activities with well
defined objective to be completed in a specific time
period.
The activities are to be performed in a specified are to be
performed in a specified sequence or order and require
resources such as money materials facilities and space.
'A project typically has a distinct mission and a clear
termination point'
- William H.Newmann
8. Steps of project planning process
The ideas generated at the
first stage are examined to
eliminate those which have
no potential or which are
capable of making any
significant contribution to the
project.
On this stage project idea
convert into actions i.e. Idea
which is on paper changed in
physical form research and
development also helped in
the task of development.
This is the last stage of project
planning porcess in this step
task of project are completed
and evaluation process
started and objective of
project is recognised in this
stage.
Development
Screening Introduction
9. FINANCIAL
MANAGEMENT
Financial planning is the process of estimating
the capital required & determining its
competition. It is the process of farming
financial policies in relation to procurement,
investment and administration of funds of an
business.
10. PRODUCTION
MANAGEMENT
Production management and control is an important task. production is
related to the conversion of raw material into finished goods.
This process involves number of steps such as deciding What to produce,
How to produce, When to produce etc. It is necessary to produce quality
goods at reasonable price and in a most systematic manner. So that
products are manufactured in a best way and conform to a planned
schedule and are of a right quality and quantity.
11. MARKETING
MANAGEMENT
Marketing is the performance of
business activities that directs the
flow of goods from producers to
consumers.
Management as-
"It is the process of planning &
executing the concertion pricing
promotion and ditribution of
goods and services and ideas to
create exchange with target group
that satisfy cutomer and
organisational goal."
12. "Good Sales Man are Born and not made"
The role of sales person is more important for success in sales.
It is a fact that sales function is similar to life blood in an econom
It is through selling that all business activities are based.
In the words of - Theodore Levitt,"It is the salesmen who keep the selling system
in beautiful and good shape.
13. Here are a few tips for business development:
Focus On Efforts That Offer the Best Chance of Success
Keep Efforts Organized
Do a Little Bit Every Day
Make Action a Priority
Keep Efforts Organized
Build Your Business Development Skills
Business Development
tips
14. "The main function of Business
organisation and management is
planning, relation and motivation& to
control and cordinate the work
performed by others to achieve a
specific objective ."
-James Lundy
