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Introduction to business
management
1.1
Session 1
• Role of the business
• Needs and wants/ goods and services
• Business activity (inputs – outputs)
• Resources inputs
The Role of business
• Business aim to meet the needs and want of individuals or
organizations through creating a product or providing a service.
• What is the difference between goods and services?
Write a list by things you wish to have soon
Needs Wants
Food Phones
Shelter Fancy car
Self esteem Shoes
What do you need to start your business?
What did you need to start your business?
Sort your needs into these 4 resources
Human
Physical
Enterprise
Financial
investopedia.com/terms/
f/factors-production.asp
Business activity
inputs – production – output
Human
Physical
Enterprise
Financial
Questions
1- services are tangible products.
2- the company that ship your order provides a good.
3- the business idea is considered as an enterprise resource.
4- real states companies provide a need.
5- the word product refers to goods only.
6- the call center agent provides a service.
Session 2
• Business functions
• Business sectors
Group work
• Discuss what are the functions needed to run your business and achieve the
business goal
Business functions
• Human resources
• Recruit people, train them at times dismiss them and determine appropriate
compensation.
• Finance and accounts
• Forecast requirements, keep accurate records, procure financial resources from
various providers and ensure proper payment for goods and services.
• Marketing
• Use appropriate strategies to promote the goods and services.
• Operation management
• Control the quantity and flow of stock, determine appropriate methods of
production, and ways to produce the good or service more efficiently
Identify the goods and services provided by each of
the following and identify the common between
them
‫الشجيع‬ ‫مزارع‬
Business sectors
• Primary
• Secondary
• Tertiary
• quaternary
https://www.youtube.com/watch?v=8KDxAWfMwf4
Create a definition for each one based on your
understanding
• Primary sector
all raw material are required, can be by extraction, mining, fishing, hunting or trapping
• Secondary sector
• In this sector raw materials raw materials are processed, the goods can take many forms durable,
non-durable, consumer goods, and capital goods.
• Tertiary sector
• All services are provided in this sector, sometimes using manufactured products, can be financial,
leisure, healthcare, education, transport and security.
• Quaternary sector
• A sub group of the tertiary sector, provides services that especially focused on knowledge, e-
service, media, IT, and web based services.
Questions
• Any business that provides service is considered as tertiary.
• Secondary sector is a sub group of the tertiary sector.
• Its impossible to use manufactured products in the tertiary sector.
• Hunting and fishing are under the primary sector.
• The operations team Recruit people, train them at times dismiss them
and determine appropriate compensation.
• Marketing department Use appropriate strategies to promote the
goods and services.
Session 3
• Entrepreneurship and intrapreneurship
• Reasons for starting up a business
• Discussing steps of starting a new business
• Highlighting the problems that might face any new business
• Mentioning the elements of the business plan
Entrepreneur Intrapreneur
https://www.youtube.com/watch?v=92ZmzD70sOU
Entrepreneur and intrapreneur
• The term intrapreneurship refers to a system that allows an
employee to act like an entrepreneur within a company or other
organization
• Entrepreneur: is someone who is self employed
• Both want to create a start up, either for a new product or for a
whole new business.
• Innovation comes in one of three forms
1- market reading
2- need seeking
3- Technology driving
• What do u prefer more; starting your own business or work for
someone’s business?
Reasons for starting a business
Group activity
open the book page 11.12.13
Problems of starting a new business
Competition time
speed game (yes or no)
Questions
• The first step to start a business is raising finance.
• The launch of the business happens in the 3rd stage (planning the
business)
• The market research helps in refining the business
Elements and purpose of a business plan
Summary
Human
Physical
Enterprise
Financial
Resources functions Sectors
Summary
• Role of the business
• Needs and wants/ goods and services
• Business activity (inputs – outputs)
• Resources inputs
• Business functions
• Business sectors
• Entrepreneurship and intrapreneurship
• Reasons for starting up a business
• Discussing steps of starting a new business
• Highlighting the problems that might face any new business
• Mentioning the elements of the business plan
Questions
Introduction to business

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Introduction to business

  • 2. Session 1 • Role of the business • Needs and wants/ goods and services • Business activity (inputs – outputs) • Resources inputs
  • 3. The Role of business • Business aim to meet the needs and want of individuals or organizations through creating a product or providing a service. • What is the difference between goods and services?
  • 4. Write a list by things you wish to have soon Needs Wants Food Phones Shelter Fancy car Self esteem Shoes
  • 5. What do you need to start your business?
  • 6. What did you need to start your business? Sort your needs into these 4 resources Human Physical Enterprise Financial investopedia.com/terms/ f/factors-production.asp
  • 7. Business activity inputs – production – output Human Physical Enterprise Financial
  • 8. Questions 1- services are tangible products. 2- the company that ship your order provides a good. 3- the business idea is considered as an enterprise resource. 4- real states companies provide a need. 5- the word product refers to goods only. 6- the call center agent provides a service.
  • 9. Session 2 • Business functions • Business sectors
  • 10. Group work • Discuss what are the functions needed to run your business and achieve the business goal
  • 11. Business functions • Human resources • Recruit people, train them at times dismiss them and determine appropriate compensation. • Finance and accounts • Forecast requirements, keep accurate records, procure financial resources from various providers and ensure proper payment for goods and services. • Marketing • Use appropriate strategies to promote the goods and services. • Operation management • Control the quantity and flow of stock, determine appropriate methods of production, and ways to produce the good or service more efficiently
  • 12. Identify the goods and services provided by each of the following and identify the common between them ‫الشجيع‬ ‫مزارع‬
  • 13. Business sectors • Primary • Secondary • Tertiary • quaternary https://www.youtube.com/watch?v=8KDxAWfMwf4
  • 14. Create a definition for each one based on your understanding • Primary sector all raw material are required, can be by extraction, mining, fishing, hunting or trapping • Secondary sector • In this sector raw materials raw materials are processed, the goods can take many forms durable, non-durable, consumer goods, and capital goods. • Tertiary sector • All services are provided in this sector, sometimes using manufactured products, can be financial, leisure, healthcare, education, transport and security. • Quaternary sector • A sub group of the tertiary sector, provides services that especially focused on knowledge, e- service, media, IT, and web based services.
  • 15. Questions • Any business that provides service is considered as tertiary. • Secondary sector is a sub group of the tertiary sector. • Its impossible to use manufactured products in the tertiary sector. • Hunting and fishing are under the primary sector. • The operations team Recruit people, train them at times dismiss them and determine appropriate compensation. • Marketing department Use appropriate strategies to promote the goods and services.
  • 16. Session 3 • Entrepreneurship and intrapreneurship • Reasons for starting up a business • Discussing steps of starting a new business • Highlighting the problems that might face any new business • Mentioning the elements of the business plan
  • 18. Entrepreneur and intrapreneur • The term intrapreneurship refers to a system that allows an employee to act like an entrepreneur within a company or other organization • Entrepreneur: is someone who is self employed • Both want to create a start up, either for a new product or for a whole new business. • Innovation comes in one of three forms 1- market reading 2- need seeking 3- Technology driving
  • 19. • What do u prefer more; starting your own business or work for someone’s business?
  • 20. Reasons for starting a business
  • 21.
  • 22. Group activity open the book page 11.12.13
  • 23. Problems of starting a new business
  • 25. Questions • The first step to start a business is raising finance. • The launch of the business happens in the 3rd stage (planning the business) • The market research helps in refining the business
  • 26. Elements and purpose of a business plan
  • 28. Summary • Role of the business • Needs and wants/ goods and services • Business activity (inputs – outputs) • Resources inputs • Business functions • Business sectors • Entrepreneurship and intrapreneurship • Reasons for starting up a business • Discussing steps of starting a new business • Highlighting the problems that might face any new business • Mentioning the elements of the business plan