INTRODUCTION TO BUSINESS: WHAT IS BUSINESS? Class 1 September 10, 2009 Bishop Kearney High School.

Slides:

Advertisements

Similar presentations

What is Marketing. The process of planning and

Advertisements

Slides have references to related pages in the Guide

Business Essentials: Unit 3 The U.S. Business Environment

The Management Process

What Is Business?.. What is Business Continued… Business is the production of goods and services Business is the production of goods and services Producers.

What is Business? © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin Introduction to Business Chapter One.

The Strategy of International Business

ORGANIZATIONS & COMMUNITY CORPORATE and COMMUNITY Chapter 4 Lecture 2 What is the purpose of corporations? What activities do they then pursue in communities?

Chapter One What is Business? © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin Introduction to Business.

INTRODUCTION TO BUSINESS CHAPTER 1 Functions of a Business.

D ELEGATION H UMAN RESOURCE. H UMAN RESOURCE In a business environment, the basic resource of any organization made up of people and their ability,

March 3, ORGANIZING TO MAKE A PROFIT OBJECTIVES By the end of the session, participants should be able to: Appreciate the need for planning before.

© 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin ORGANIZATIONAL MARKETS AND BUYER BEHAVIOR.

WHAT IS ENTREPRENEURSHIP? UNIT 1 ENTREPRENEURSHIP AND THE ECONOMY.

Chapter 1 INTRODUCTIONINTRODUCTION By :Nasser A. Kadasah.

Economic Systems Section 2.2 Scarcity of economic resources forces every country to develop an economic system that determines how resources will be used.

All About Entrepreneurship CTAE-FS-11: Entrepreneurship - Learners demonstrate understanding of concepts, processes, and behaviors associated with entrepreneurial.

The Management Process Today

The Management Process Today Chapter One Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

The Importance of Trade. Merchant 1. One whose occupation is the wholesale purchase and retail sale of goods for profit. 2. One who runs a retail business;

Chapter 1 Introduction Managers and Managing.

Marketing in Today’s World

What is Business? Chapter One.

مفاهیم کلیدی مدیریت. Management Key Concepts Organizations: People working together and coordinating their actions to achieve specific goals. Goal: A.

 What is conflict of interest and how can it be avoided  What factors should be considered when determining a “ fair wage “

Principles of Management

Emad ud Din Malik Introduction to Business BUS101.

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues Chapter 6.

7 Chapter Organizational Structures pp

TOS VARNSDORF Cashflow is the key. 1.Have you ever earned some money at home or elsewhere? What did you do to earn it? What did you do with the money?

Business Organization Intro to Business Chapter 5.

Manufacturing Systems What is Manufacturing?  Manufacturing is the making of parts and putting the parts together to make a product.  Imagine your.

International Business Part I BCS-BE-8: The student analyzes how international business impacts business.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 1-1 Organizational Theory, Design, and Change Sixth Edition Gareth R. Jones Chapter.

The American Private Enterprise System. Part II Our Economy- How It Works, What It Provides.

An Introduction Business Environment

DEFINITION OF MANAGEMENT INTRODUCTION TO MANAGEMENT AND ORGANIZATIONS.

Introduction to Engineering and Technology Concepts Unit Six Chapter Three – Organizing Technological Enterprises.

Households What are “Households” in terms of the Circular Flow of the Economy? PEOPLE Workers Land Owners Investors Renters Home Owners Families You &

Bell Ringer Activity Which economic system does the United States have? (Command, Market, or Mixed) Why do you think that?

Chapter One What is Business? © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin Introduction to Business.

Personal Finance A. Banking- one of the most important components of personal financial planning is managing your finances 1. Today, there are more than.

An Overview of Financial Management. An Overview of Financial Management Objectives What is finance Duties of a financial staff person Forms of business.

The business environments has two aspects: The internal environment also known as the micro-environment and The external environment, which is made up.

What is a Business..?. Business : An economic system in which goods and services are exchanged for one another or money, on the basis of their perceived.

What do you think of when you hear the word business? What do you think of when you hear the word free enterprise? What do you think of when you hear the.

Basic Economics.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 1-1 Organizational Theory, Design, and Change Sixth Edition Gareth R. Jones Chapter.

Introduction to Business Concept of business. DEFINITION  “ Every human activity which is engaged in for the sake of earning profit may be called business.

Lesson 2 Functions of Business Unit 1. Although we come into contact with business regularly, we often do not think about what goes on behind the scenes.

Introduction to Economics Mr. Knight. Definition of Economics The study of choices that people make to satisfy their needs and wants.

PRINCIPLES OF MANAGEMENT – DDPQ2532 INTRODUCTION.

Management Functions. Planning The planning function of management controls all the planning that allows the organization to run smoothly. Planning involves.

NEXT Economic Systems Trade Barriers Factors that influence economic growth All Mixed Up Economies of nations

Marketing Management Introduction. Today’s Agenda Let’s Know Each Other Discuss on the course profile What is Marketing to you? Some Marketing Concepts.

OPERATIONS MANAGEMENT STRATEGY 1. PRODUCT CHOICE 2. PROCESS CHOICE 3. FACILITIES CHOICE 4. QUALITY CHOICE.

1-1 BBA 121 Principles of Management. 1-2 Lecture 1 The Management Process Today.

©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Section 1.1 Marketing and the Marketing Concept Chapter 1 marketing is all around us Section 1.2 The Importance of Marketing Section 1.3 Fundamentals of.

University of Bahrain College of Business Administration Management & Marketing Department Essentials of Contemporary Management Jones/George Chapter One:

Lecture on Organizational Markets and Buyer Behavior

Introduction to management

The Management Process

MANAGING HUMAN RESOURCES

International Market Entry Modes

Introduction to Entrepreneurship

The Management Process Today

Chapter 1 INTRODUCTION By :Nasser A. Kadasah.

© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.

The Structure and Culture of a Business Organization

Presentation transcript:

INTRODUCTION TO BUSINESS: WHAT IS BUSINESS? Class 1 September 10, 2009 Bishop Kearney High School

Brainstorming Activity  10 minutes  What is business?  What does it mean to do business?  Why is it important to understand business?

Definition  Business is:  A commercial or industrial enterprise and the people who make up that enterprise  What is a commercial enterprise:  the activity of providing goods and services involving financial and commercial aspects

Commercial Enterprises  What is a commercial enterprise?  A business that is owned and run by people who produce goods or sell services to make a profit from them They are commercial because they sell to anyone who can afford them They are industrial when they sell items to businesses and resellers (i.e. big machinery)

Three Meanings of Business  Business as Commerce  Business as an Occupation  Business as an Organization

Commerce  Definition:  The buying and selling of goods  Do you engage in commerce? How? When? Where? Why?

Occupation  Definition  An activity that serves as one's regular source of livelihood; a vocation.  Types  How would business as an occupation affect you?

Business as an Occupation  What is business occupation?  The acquired set of skills that enable a person to create valuable goods and services that can be traded at a profit  People choose occupations to pursue in a self-interested way based on how much money they wish to earn; profitable occupations depend on your human capital Human capital – your knowledge, skills, experience, judgment, personality, and abilities What is the most valuable resource you bring to an organization?

Business as an Organization  Definition:  A tool that allows people to shape and control the behaviors of employees to produce goods and services  Organizational structure – the framework of tasks and leadership relationships that coordinate people so they can work together towards a common goal

In Class Assignment – 10 Minutes  List 5 places that you pass every day (either on your way to school, home, or while you are out with your family).  Did these places sell goods or products or provide services?  What types of business is it? Retail or Service ?  How and why do companies provide goods and services for customers?