Business organisation and its stakeholders

1. GA 2: DIMENSIONS OF
BUSINESS
1.BUSINESS
ORGANISATIONS AND ITS
STAKEHOLDERS

2. Business:
The term business
encompasses all those
economic activities related to
production and exchange of
goods or services for money
or an economic return.

3. Characteristics of Business:
Profit Motive
Exchange of goods or
services for income
Recurring activities
Risks

4. Dimensions of Business
 Production and Operations
 Marketing
 Human Resources
 Finance
 IT/Systems
 Research and Development..

5. Dimensions of business:

6. Business environment
 Internal environment
 External environment
 SWOT analysis(Strengths, Weakness,
Opportunities, Threats)
 PESTLE analysis
(Political, Economic, Social, Technological, Legal,
Environmental factors)

7. Dynamics of modern business:
 Strategic Orientation
 Global Orientation
 Professionalisation
 Fast changes
 Use of technology
 Diversification and restructuring
 Coexistence of different sectors
 Customisation

8. VUCA

9. Types of Business
Organisations
 Sole trader
 Partnership
 Company
 Cooperatives
 Non Profit

10. Stakeholders of Business:
The word “stakeholders”
describes such constituents of
an organisation – the
individuals, groups or other
organisations which are
affected by, or can affect the
organisation in pursuit of its

11. Stakeholders:

12. Other stakeholders
 Trade Unions
 Local Communities
 Competitors

13. Stakeholder Management

14. CSR

15. Conflicts within stakeholders
Conflict: A serious
disagreement or a clash of
interest

16. Overcoming Conflicts

17. Win-Win

18. Owner Vs Manager
 In a company form of business
organisation, there is a separation of
ownership and management.
 Shareholders are the owners to the
extent of their shareholding.. They
appoint Board of Directors for day to
day management of company affairs.