1. Strictly Business
Business Activities
Economics LAP 19

2. Replace when cover is approved A
Strictly Business
Business Activities
Replace when cover is approved A
Discuss types of business activities. B
Explain how business activities are interrelated.
Economics LAP 19

3. A
Discuss types of business activities.

4. Every business must accomplish certain things.
Or, no one would have a job!

5. Business Goals To produce and/or distribute goods and services
May be for profit
May be nonprofit

6. Primary Business Activities
Financial analysis
Human-resources management
Information management
Marketing
Operations
Strategic management

7. Financial Analysis
The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources

8. Financial Analysis Businesses get financing from:
Venture capital
Debt
Equity
Businesses rely on solid accounting.

9. Human-Resources Management
The process of planning, staffing, leading, and organizing employees
Makes the business a fair and inviting place to work!

10. Information Management
The process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data

11. Information Management
Businesses must have systems for:
Identifying necessary information
Determining how that information should be presented, viewed, or accessed
Providing appropriate access to the information

12. Marketing
The process of creating, communi- cating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large

13. Marketing Activities include attention to: Product Price Promotion
Place

14. Operations
The day-to-day activities required for continued business functioning
Includes production, quality control, purchasing, and inventory management

15. Strategic Management
The process of planning, controlling, and organizing an organization or department
Involves:
Creating the mission and vision of the business
Determining goals
Selecting strategies to support goals

16. B
Explain how business activities are interrelated.

17. Interrelation of Business Activities
If one business activity changes, all other activities must adjust.
Example—finance shortage may mean human resources cutbacks

18. Special Situations Requiring Adjustment
Mergers
Outsourcing
Virtual services

19. Your school’s business activities
Effect on education?

20. Offshoring
Is it ethical?

21. Acknowledgments Original Developers:
Sarah Bartlett Borich and Lelia Ventling, MBAResearch
Version 2.0
Copyright © 2013
MBA Research and Curriculum Center

22. Digital-based photography sources:
ThinkStock Photography
Various images used in this presentation are ©2013 Thinkstockphotos. All rights reserved

23. Copyright:
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