The document is from Chanderprabhu Jain College and discusses various topics related to business studies. It covers definitions of business and what businesses do, different business objectives, the scope of business, and forms of business organization. It also discusses entrepreneurship and the entrepreneurial process, characteristics of entrepreneurs, and sources of business finance. The document appears to be course materials for a second semester business studies class covering various foundational business concepts.
Business environment means all of the internal and external factors that affect how the company functions including employees, customers, management, supply and demand and business regulations. An example of a part of a business environment is how well customers' expectations are met.
Strategic Management
A set of managerial decisions and actions that determines the long-run performance of a corporation. Includes: Internal and external environment scanning Strategy formulation Strategy implementation Evaluation and control.
Business Environment and Ethical Practices (BBA LLB 213 )cpjcollege
The objective of the course is to familiarize students with the different aspects of business environment and ethical practices to be adopted by organizations in conducting their business.
The objective of the course is to familiarize students with the different aspects of managing Human Resources in the organization through the phases of acquisition, development and retention
Strategic Management
A set of managerial decisions and actions that determines the long-run performance of a corporation. Includes: Internal and external environment scanning Strategy formulation Strategy implementation Evaluation and control.
Business environment means all of the internal and external factors that affect how the company functions including employees, customers, management, supply and demand and business regulations. An example of a part of a business environment is how well customers' expectations are met.
Strategic Management
A set of managerial decisions and actions that determines the long-run performance of a corporation. Includes: Internal and external environment scanning Strategy formulation Strategy implementation Evaluation and control.
Business Environment and Ethical Practices (BBA LLB 213 )cpjcollege
The objective of the course is to familiarize students with the different aspects of business environment and ethical practices to be adopted by organizations in conducting their business.
The objective of the course is to familiarize students with the different aspects of managing Human Resources in the organization through the phases of acquisition, development and retention
Strategic Management
A set of managerial decisions and actions that determines the long-run performance of a corporation. Includes: Internal and external environment scanning Strategy formulation Strategy implementation Evaluation and control.
Management The process of getting things done, effectively and efficiently, through and with other people.
Efficiency Means doing the thing correctly; refers to the relationship between inputs and outputs; seeks to minimize resource costs.
Effectiveness Means doing the right things; goal attainment.
Service Marketing Environment All organizations operate within the marketing environment. The marketing environment is made up of two parts – • Macro environment • Micro environment
Marketing Environment is the combination of external and internal factors and forces which affect the company's ability to establish a relationship and serve its customers. The marketing environment of a business consists of an internal and an external environment.
Scope of business economics, no uniformity of views exists among various authors. However, the following aspects are said to generally fall under business economics.
1. Demand Analysis and Forecasting
2. Cost and production Analysis.
3. Pricing Decisions, policies and practices.
4. Profit Management.
5. Capital Management.
Operations Management • Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. Operations management teams attempt to balance costs with revenue to achieve the highest net operating profit possible.
Human resource management (HRM or HR) is the strategic approach to the effective management of organization workers so that they help the business gain a competitive advantage, Commonly known as the HR Department, it is designed to maximize employee performance in service of an employer's strategic objectives.
Define HRM
According to the British Institute of Personnel Management : “Personnel Management can be defined as “that part of management which is concerned with people at work and with their relationship within an organization.”
Business Economics
• According to Mc Nair and Meriam, Business economic consists of the use of economic modes of thought to analyse business situations. • Siegel man has defined business economic (or business economic) as the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by management.
Business Economics
• According to Mc Nair and Meriam, Business economic consists of the use of economic modes of thought to analyse business situations. • Siegel man has defined business economic (or business economic) as the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by management.
Human Capital Management is defined as the process of acquiring, training, managing, retaining employees for them to contributeeffectivelyintheprocessesoftheorganization. Human capital management (HCM) is an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment.
Cost and management accounting• Provides management with costs for products, inventories, operations or functions and compares actual to predetermined data • It also provides a variety of data for many day-to-day decision as well as essential information for long-range decisions
Human Capital Management is defined as the process of acquiring, training, managing, retaining employees for them to contribute effectively in the processes of the organization. Human capital management (HCM) is an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment.
Meaning of Financial Management
• Managerial activities which deals with planning and controlling of firms and financial sources. • Financial management is an area of financial decision making, harmonising individual motives and enterprise goals.
Management The process of getting things done, effectively and efficiently, through and with other people.
Efficiency Means doing the thing correctly; refers to the relationship between inputs and outputs; seeks to minimize resource costs.
Effectiveness Means doing the right things; goal attainment.
Service Marketing Environment All organizations operate within the marketing environment. The marketing environment is made up of two parts – • Macro environment • Micro environment
Marketing Environment is the combination of external and internal factors and forces which affect the company's ability to establish a relationship and serve its customers. The marketing environment of a business consists of an internal and an external environment.
Scope of business economics, no uniformity of views exists among various authors. However, the following aspects are said to generally fall under business economics.
1. Demand Analysis and Forecasting
2. Cost and production Analysis.
3. Pricing Decisions, policies and practices.
4. Profit Management.
5. Capital Management.
Operations Management • Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. Operations management teams attempt to balance costs with revenue to achieve the highest net operating profit possible.
Human resource management (HRM or HR) is the strategic approach to the effective management of organization workers so that they help the business gain a competitive advantage, Commonly known as the HR Department, it is designed to maximize employee performance in service of an employer's strategic objectives.
Define HRM
According to the British Institute of Personnel Management : “Personnel Management can be defined as “that part of management which is concerned with people at work and with their relationship within an organization.”
Business Economics
• According to Mc Nair and Meriam, Business economic consists of the use of economic modes of thought to analyse business situations. • Siegel man has defined business economic (or business economic) as the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by management.
Business Economics
• According to Mc Nair and Meriam, Business economic consists of the use of economic modes of thought to analyse business situations. • Siegel man has defined business economic (or business economic) as the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by management.
Human Capital Management is defined as the process of acquiring, training, managing, retaining employees for them to contributeeffectivelyintheprocessesoftheorganization. Human capital management (HCM) is an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment.
Cost and management accounting• Provides management with costs for products, inventories, operations or functions and compares actual to predetermined data • It also provides a variety of data for many day-to-day decision as well as essential information for long-range decisions
Human Capital Management is defined as the process of acquiring, training, managing, retaining employees for them to contribute effectively in the processes of the organization. Human capital management (HCM) is an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment.
Meaning of Financial Management
• Managerial activities which deals with planning and controlling of firms and financial sources. • Financial management is an area of financial decision making, harmonising individual motives and enterprise goals.
Business is influenced not only by what decisions are taken within the firm but also by the general business environment. General decisions are based on two factors : • External Factors : This includes all those factors which are outside the control of business. The firm can only make timely adjustment to these external factors. • Internal Factors : This includes all those factors which are within the control.
WHAT IS A SERVICE • It is the part of the product or the full product for which the customer is willing to see value and pay for it. • It is intangible. • It does not result in ownership. • It may or may not be attached with a physical product
WHAT IS A SERVICE • It is the part of the product or the full product for which the customer is willing to see value and pay for it. • It is intangible. • It does not result in ownership. • It may or may not be attached with a physical product • Health Care – hospital, medical practice, dentistry, eye care • Professional Services – accounting, legal, architectural • Financial Services – banking, investment advising, insurance • Hospitality – restaurant, hotel/motel, bed & breakfast • Travel – airline, travel agency, theme park
Business Economics
• According to Mc Nair and Meriam, Business economic consists of the use of economic modes of thought to analyse business situations. • Siegel man has defined business economic (or business economic) as the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by management
Organizational behavior (OB) is the study of the way people interact within groups. Normally this study is applied in an attempt to create more efficient business organizations. The central idea of the study of organizational behavior is that a scientific approach can be applied to the management of workers.
Organizational behavior (OB) A field of study that investigates the impact of individuals, groups in the organizational setting for the purpose of applying such knowledge toward improving an organization’s effectiveness and achieving organizational goal.
Management The process of getting things done, effectively and efficiently, through and with other people Efficiency Means doing the thing correctly; refers to the relationship between inputs and outputs; seeks to minimize resource costs Effectiveness Means doing the right things; goal attainment
Marketing Environment
Philip Kotler : “A company marketing environment consists of the factors and forces that affect the company’s ability to develop and maintain successful transactions and relationships with its target customers”.
Definition of Values
• They are the ideas and beliefs about life that guide us to do what we do and be what we are… • They can be about: – Politics Family – Sex Friends – Religion Dishonesty – Being of service Taking Risks – Education Respect – Money Leisure
Business Ethics And Corporate Social Responsibility cpjcollege
Definition of Values • They are the ideas and beliefs about life that guide us to do what we do and be what we are… • They can be about: – Politics Family – Sex Friends – Religion Dishonesty – Being of service Taking Risks – Education Respect – Money Leisure
Business Ethics And Corporate Social Responsibility cpjcollege
Different kinds of Values • Moral Values: – Values you hold for yourself but don’t force on others such as right vs. wrong, honesty vs. dishonesty, being of service to others • Aesthetic Values: – Personal standards of beauty as seen in nature, art, music, personal appearance • Performance Values: – Benchmarks you set for yourself such as accuracy, speed, reward for achievement, self-discipline and overall accomplishment
Capital Investment
• Capital investment refers to funds invested in a firm or enterprise for the purpose of furthering its business objectives. Capital investment may also refer to a firm's acquisition of capital assets or fixed assets such as manufacturing plants and machinery that is expected to be productive over many years. Sources of capital investment are manifold and can include equity investors, banks, financial institutions, venture capital and angel investors.
Definition of Globalization
The broadening set of interdependent relationships among people from different parts of a world that happens to be divided into nations.
Management
• The act, art, or manner of managing, handling, controlling directing, etc. • Origin: to train (a horse) in his paces; cause to do exercises of the manage • To control the movement or behavior of; handle; manipulate • To have charge of; direct; conduct; administer • To get (a person) to do what one wishes
To understand the concept of Taxation, heads of income, including foreign income assessment procedures, adjudication and settlement of tax disputes are the focus points of study
in this paper.
Socio-Legal Dimensions of Gender (LLB-507 & 509 )cpjcollege
This paper intends to sensitize the students about the changing
dimensions of gender and also familiarizes them with the subtle manifestations of inequality rooted in our society.
The objective of the paper is to apprise the students with the laws relating to marriage, dissolution, matrimonial remedies, adoption, contemporary trends in family institutions in India, in particular the Hindus and Muslims.
Alternative Dispute Resolution (ADR) [LLB -309] cpjcollege
Alternative Dispute Resolution has become the primary means by which cases are resolved now days, especially commercial, business disputes. It has emerged as the preferred method for resolving civil cases, with litigation as a last resort. Alternative Dispute Resolution provides an overview of the statutory, procedural, and case law underlining these processes and their interplay with litigation. A significant theme is the evolving role of
professional ethics for attorneys operating in non-adversarial settings. Clients and courts increasingly express a preference for attorneys who are skilled not only in litigation but in problem-solving, which costs the clients less in terms of time, money and relationship. The law of ADR also provides an introduction to negotiation and mediation theory.
Environmental Studies and Environmental Laws (: LLB -301)cpjcollege
The objective of this paper is to acquaint the students with the environmental issues and the measures taken for its protection along with the norms prevailing at international and national
level
The paper will focus on the civil procedures followed in instituting a suit. The students will be familiarised with certain important concepts and practical skill development activity will provide insights into the actual working of the court procedures.
The objective of this paper is to provide an understanding of basic concepts of Indian Constitution and various organs created by the Constitution and their functions.
The paper needs to be taught in light of the New Companies Amendment Act 2013. The Companies act 1956 has not been repealed. The New Act of 2013 is made applicable by notifications as to particular sections by the Ministry of Company Affairs. The
notified sections which replace the provisions of Companies Act 1956 will be highlighted
It is an indispensable complementary part of our legal system without the study of which no advocate is suitably equipped with the basic requisites required to go to the court.
This paper focuses on understanding the forms that governments acquire along with nature and conflicts encountered by different forms of governments. Students would get trained to look into center-state conflicts and legislature-executive –judiciary conflicts.
The design is to look into how emerging issues in international relations become important in the legal context and prepare the students to understand International Law.
This paper focuses on various aspects of health care law including the constitutional perspective, obligations, and negligence of medical professionals and remedies available to
consumers of health care.
The object of this paper is to focus on land reforms in India, Constitutional provisions related to land reforms, Land Acquisition, Rehabilitation, and Resettlement Act,2013, Urban Real Estate Development Laws and the Provisions of the Rent Laws under the
Delhi Rent Control Act, 1958.
The objective of the seminar paper is to introduce the students to a holistic understanding of crime. PSDA in this seminar paper will include seminar presentation, debates and group discussions, critical review of existing laws in India and a comparison with
other countries. The paper seeks to explore the possible practical applications of the various theories that have been formulated so far. It will also require the students to look up the international cases where these theories have been applied. The students who opt for this paper will also visit the prisons/ juvenile homes/ juvenile courts / rehabilitation centre etc. and make an assessment of the current situation.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
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Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
1. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Semester: BCOM Second Semester
Name of the Subject:
Business Studies
Unit-1
2. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
3. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
What is Business
• A business is usually defined as a commercial enterprise
• Some are run by only one person who carry out all of the
required functions
• Others employ thousands of people and provide goods and
services to people all over the world
• Each business can be defined or described by its type of
ownership, the goods produced or services offered,
the types of jobs provided, or the functions
it performs in a community
4. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
What do Businesses do?
• Businesses are started by entrepreneurs who see a need,
recognize the opportunity, and go into business to meet that
need
• Business and people need each other – there are many
stakeholders – we depend on businesses for products and
services, but also for employment
• Buy inputs – raw materials, labour, machinery and
equipment, and land
• Produce outputs – goods and services
• Focus on efficient use of resources
5. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Business Objectives
• Profit Earning
• Production of goods
• Creating Markets
• Technological improvement
6. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Scope of business.
• Entrepreneur
• Economic activities
• Deals In Goods And Services
• Risk
• Profit
• Production
• Sales
7. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
• “ A company’s micro environment consists of elements that
directly affect the company such as competitors, customers and
suppliers.”
• Thus, Micro Environment consists of all those factors which directly
affect its functioning. It includes :
1. Suppliers
2. Competitors
3. Laborers
4. Business Associates
5. Customers
8. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
• Macro Environment includes all those factors which indirectly
influence the business.
• It includes :
1. Economic Environment
2. Political Environment
3. Socio-Cultural Environment
4. Demographic Environment
5. Natural Environment
6. Technological Environment
7. International Environment
9. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
BUSINESS ENVIRONMENT
• Environment refers to all external factors which have a
bearing on the functioning of the business.
• It refers to those aspects of the surroundings of business
enterprise and circumstances of business unit which affect or
influence its activities and operations and decides its
effectiveness.
10. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
COMPONENTS OF THE BUSINESS
ENVIRONMENT
• Different environmental variables exist internally and externally to the
business enterprise
• Environmental variables have a positive or negative influence on the
enterprise
• Business environment consists of two sub-environments:
– Internal (micro) environment
– External environment
• Market environment
• Macro environment
• Mutual relationships exist between these environments
11. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
ENVIRONMENTAL SCANNING
• Identification and forecasting phenomena in the environment
• Ongoing environmental scanning is essential for strategy formulation
• Enterprises continuously engage in identifying and forecasting
opportunities and threats
• Enterprises need to proactively or reactively respond to changing
conditions in the environment
• Various sources of information are available to assist with scanning
12. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
ANALYSIS OF THE BUSINESS
ENVIRONMENT
• SWOTs analysis
• Environmental conditions may be favourable or unfavourable:
– Opportunity
Represents favourable (positive) conditions in
micro, market, macro environments
Advantageous to firm
13. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
ANALYSIS OF THE BUSINESS ENVIRONMENT
SWOTs
• Threat
Represents unfavourable (negative) conditions in
micro, market, macro environments
Detrimental to firm
14. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Business Ethics and Social Responsibility
The standards of conduct and moral values governing actions and decisions in
the work environment.
– Social responsibility.
– Balance between what’s right and what’s profitable.
– Often no clear-cut choices.
– Often shaped by the organization’s ethical climate.
15. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Semester: BCOM Second Semester
Name of the Subject:
Business Studies
Unit-2
16. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
• Process through which entrepreneurs create
and grow enterprises
Entrepreneurship
17. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Entrepreneurship is a mindset
–Opportunity-focused
–Innovative
–Growth-oriented
Can you add additional
Characteristics and/or Attributes…
18. The Entrepreneurial Process
Opportunity Resources
Team
Communication
Business Plan
Fits and Gaps
Creativity
Leadership
Capital Market ForcesUncertainty
Ambiguity
Exogenous Forces
Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
19. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Characteristics of Entrepreneurs
persistent
creative
responsible
inquisitive
independent
self-demanding
self-confident
risk-taking
restless
action-oriented
enthusiastic
goal-oriented
20. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Major Forms of Business
Organization
21. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Sole Proprietorship
• Business Owned by One Person
22. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Partnership
• Business owned and managed by a
small group, often not more than
two or three people, who become
partners.
23. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Franchise
• Written contract granting
permission to sell someone else’s
product or service in a prescribed
manner over a certain period of
time and in a specified territory.
24. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Non-Profit Organizations
• Examples:
• Towns or Municipal Corporations
• Private Colleges and Universities
• American Red Cross
• Future Business Leaders of America
25. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Labor Unions
• Work for its members’ interests in various
employment matters.
• Use collective bargaining – negotiating for
benefits, working conditions, etc. between
management and labor representatives.
26. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Labor Unions
• Work for its members’ interests in various
employment matters.
• Use collective bargaining – negotiating for
benefits, working conditions, etc. between
management and labor representatives.
27. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Government
• Link between consumers and resources.
• Directly produce and distribute certain goods and
services to consumers.
– Tennessee Valley Authority
– National Defense
• Indirectly acts as regulator with things such as public
utilities, Social Security, etc.
28. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Startups
• startup company ("startup"): A company, partnership, or temporary
organization designed to search for a repeatable and scalable business
model.
– became very popular during dot-com bubble
– often a company poised for rapid growth
• must be able to reach many people, and make money from them
– a new/small company != a startup, ... but most are
– often based on technology
• low cost to enter market
• easy to reach many people
• high risk, high reward
29. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Venture capital
• venture capital ("VC"): Financial
resources given to early-stage companies.
– given to startups by VC firms (groups)
– VC firm gets % of profits or equity (stock)
– different from bank loans; does not need to be paid back
• stages of VC financing:
– seed funding: initial minimal funds; often given by angels
– start-up: early funds from VC firm for marketing/dev
– growth ("series A"): large investment ($1-2M) for preferred stock
– second round: company is successful, but not profiting
– expansion ("mezzanine"): $ given to a newly profitable company
– exit/bridge: VC firm sells stock once company matures
30. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Semester: BCOM Second Semester
Name of the Subject:
Business Studies
Unit-3
31. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Financial Planning
Financial Planning is an ongoing process
to help you make sensible decisions
about money that can help you
achieve your goals in life
32. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
It’s a six step process…
1. Establish
your goals
2. Gather
data
2. Evaluate
your
current
position
4. Develop
a plan
5.
Implement
your plan
6. Monitor
and
regularly
review
33. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
SOURCES OF FINANCE
• Different ways a business can
obtain money
34. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Sources of Finance
• Sources of finance can be classified into:
– Internal sources (raised from within the
organisation)
– External (raised from an outside source)
35. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Internal Sources
• There are five internal sources of finance:
– Owner’s investment (start up or additional capital)
– Retained profits
– Sale of stock
– Sale of fixed assets
– Debt collection
36. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
External Sources
• There are five internal sources of finance:
– Bank Loan or Overdraft
– Additional Partners
– Share Issue
– Leasing
– Hire Purchase
– Mortgage
– Trade Credit
– Government Grants
37. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Money Markets
The trade in short-term loans
between banks and other financial
institutions
38. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Money Market Instruments
•Treasury Bills
•Commercial Paper
•Bankers Acceptances
•Certificates of Deposit
•Federal Funds
•Repurchase Agreements
39. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
CAPITAL MARKET
The market where investment instruments
like bonds, equities and mortgages are
traded is known as the capital market.
The primal role of this market is to make
investment from investors who have
surplus funds to the ones who are running
a deficit.
40. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)Slide 40
Capital Market Instruments
• Stocks
• Equity claims
• Represent ownership of net income and assets of corporation
• Preferred stock
– Pays fixed dividend; in event of bankruptcy, preferred stock
owners entitled to be paid first
• Common stock
– Pays variable dividend depending on profits left over after
» preferred stockholders have been paid
» retained earnings set aside
41. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Capital Structure
• The value of a firm is defined to be the sum of
the value of the firm’s debt and the firm’s
equity.
• V = B + S
42. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Factors Affecting Capital
Structure:
• Business Risk
• Debt’s tax deductibility
• Ability to raise capital under adverse terms
• Managerial decisions:
– Conservative vs. Aggressive
– Minimize WACC
• Lowering risk
• Increasing CFs
• Maximize Op. Profits
• Growth Business
• Reduce Taxes
43. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Securities and Exchange Board of India
• Securities and exchange Board of India (SEBI) was first established in the
year 1988 AQF as a non-statutory body for regulating the, securities
market. It became an autonomous body by The Government of India on
12 May 1992 and given statutory powers in 1992 with SEBI Act 1992 being
passed by the Indian Parliament. SEBI has its headquarters at the business
district of Bandra Kurla Complexin Mumbai, and has Northern, Eastern,
Southern and Western Regional Offices in New
Delhi, Kolkata, Chennai and Ahmedabadrespectively. It has opened local
offices at Jaipur and Bangalore and is planning to open offices
at Guwahati, Bhubaneswar, Patna, Kochi and Chandigarh in Financial Year
2013 - 2014.
44. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Private Equity
• Private equity is capital that is not listed on a public exchange.
Private equity is composed of funds and investors that directly
invest in private companies, or that engage in buyouts of
public companies, resulting in the delisting of public equity.
Institutional and retail investors provide the capital for private
equity, and the capital can be utilized to fundnew technology,
make acquisitions, expand working capital, and to bolster and
solidify a balance sheet.
45. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Loan Syndication
• Loan syndication is the process of involving several
different lenders in providing various portions of a
loan. Loan syndication most often occurs in
situations where a borrower requires a large sum of
capital that may be too much for a single lender to
provide or outside the scope of a lender's risk
exposure levels. Thus, multiple lenders work
together to provide the borrower with the capital
needed.
46. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Semester: : BCOM Second Semester
Name of the Subject:
Business Studies
Unit-4
47. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
• Small Business
– A company that is independently owned and
operated, is not dominant in its field, and
employs fewer than 500 people (although this
number varies by industry)
48. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Government policies in business
• From the technical perspective, the following
policies of a government can impact business
directly or indirectly: (a) taxation, (b)
subsidies, (c) interest rates, (d) exchange
rates, and (e) public-private partnerships. The
government policy of a country depends upon
its political culture.
49. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Small Industries Development Bank of India
• Small Industries Development Bank of India (SIDBI) is a
financial institution which is headquartered in Lucknow, India.
It was established in 1990 on April the 2nd and is mainly
responsible for promotion and development of micro, small
and medium-scale enterprises (MSMEs). These small
enterprises contribute about 45% to manufacturing output
and about 40% to total exports, directly and indirectly. SIDBI
started as a wholly owned subsidiary of Industrial
Development Bank of India (IDBI) & is currently owned by 33
different institutions which are either controlled or owned by
government of India. Its official website is www.sidbi.in
50. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Multinational Corporation
• An enterprise operating in several countries
but managed from one (home) country.
Generally, any company or group that derives
a quarter of its revenue from operations
outside of its home country is considered a
multinational corporation.
51. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Transportation network company
• A transportation network company (TNC),
sometimes known as a mobility service
provider (MSP), is an organization that
pairs passengers via websites and mobile
apps with drivers who provide such services.
Transportation network companies are examples of
the sharing economy and shared mobility.
52. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
International business risk
• It is the possibility of loss due to same
uncertain future occurrence. International
business risk may be defined as the possibility
of loss caused by some unfavourable or
undesirable event in international
business operations
53. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Federation of Indian Chambers of
Commerce & Industry
• The Federation of Indian Chambers of Commerce and
Industry (FICCI) is an association of business organisations
in India. Established in 1927, on the advice of Mahatma
Gandhi by GD Birla and Purushottam Das Thakurdas, it is the
largest, oldest and the apex business organisation in India.[1] It
is a non-government, not-for-profit organisation. FICCI draws
its membership from the corporate sector, both private and
public, including SMEs and MNCs. The chamber has an
indirect membership of over 250,000 companies from various
regional chambers of commerce.
54. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
Confederation of Indian Industry
• The Confederation of Indian Industry (CII) is a
business association in India.
• CII is a non-government, not-for-profit, industry-led
and industry-managed organization. Founded in
1895, it has over 9,000 members, from the private as
well as public sectors, including SMEs and MNCs, and
an indirect membership of over 300,000 enterprises
from around 265 national and regional sectoral
industry bodies
55. Chanderprabhu Jain College of Higher Studies & School of Law
Plot No. OCF, Sector A-8, Narela, New Delhi – 110040
(Affiliated to Guru Gobind Singh Indraprastha University and Approved by Govt of NCT of Delhi & Bar Council of India)
ASSOCHAM
• The Associated Chambers of Commerce and
Industry of India (ASSOCHAM) is one of the
apex trade associations of India. The organisation
represents the interests of trade and commerce in
India, and acts as an interface be issues and
initiatives. The goal of this organisation is to promote
both domestic and international trade, and
reduce trade barriers while fostering conducive
environment for the growth of trade and industry of
India.