Description
I want your feedback on this ppt so that i can make it more interesting.
Shashank.S. ? Karan.M. ? Justin.S. ? Praveen.S. ? Amit.G. ? Sourabh.P.
?
44 17 47 48 08
?
Keith Davis says “Business is an organized effort by individuals to produce goods & services in a market place & to reap some reward for this effort.” It is a social institution forming an integral part of the society. In present times, Business is a purposeful, economic & social activity.
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“Environment of the business means the aggregate of all conditions, events & influences that surround & affect it.” says Keith Davis. It refers to all the Internal & External factors that affect the working of the Business. It is the total situation created by different environmental factors together.
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?
?
Business plays an important role in the development of an economy & society. It benefits many sections of the society.
?
?
It may be classified into three groups:
1. Towards Business Firms. 2. Towards Consumers.
3. Towards Society.
Achievement of Objectives.
›
The firm increases its sales by providing goods and services that satisfy needs of the customers. Increase in sales leads to increase in Profit. PROFIT is one of the objectives of a business. A business can achieve its other objectives through fair business practices. Increase in market share, prestige, growth & expansion, etc. are some of the firm’s other objectives.
›
›
›
Increases Knowledge and Skills
›
For being competent in handling the business, the businessman must have some knowledge of the business & proper skills to conduct business activities smoothly.
›
To survive the competition he must increase his knowledge & skill.
Thus there is development in the personality of the businessman that helps in the efficient running of the business.
›
Product Development
› ›
Business helps in developing quality product. Market research helps to identify the needs & problems of the customers.
›
Product research & development teams use this information to introduce new products. This helps in satisfying the customers & in turn increases the profits for the firm.
›
Development of Good Relations
›
It develops good relations with different parts of the society. The survival & success of the firm depends on the relations it maintains. Fair business practices help the firms in developing & maintaining good relations with various sections of the society.
›
›
Good Corporate Image
› Corporate image means the image of the firm. › Fair business practices help in developing &
maintaining good corporate image for the business in the minds of the current & potential (future) customers, public, employees, etc.
› It is important for the firm as it helps in developing
marketing, financial & social value of the firm.
Optimum Utilization of Resources
› Optimum use of resources means making the best
use of resources without much wastage.
› Business helps in making the best use of its
physical, natural, financial & human resources.
› Optimum use of resources takes place when the
demand for its products are upto its maximum production capacity.
Expansion of Business
› Sound business practices help in expanding the
business. Eg: Launching new & improved products.
› Proper marketing can help in the expansion of the
business from the Local to Regional, Regional to National & from National to Global Levels.
Social Status & Prestige
› It is the rank that a firm can attain in a society. › Business helps a firm to enjoy a better status in the
society.
› The social status encourages the firm to practice
proper and sound business policies.
Provides Quality Goods & Services
› Business provides goods and services to the
consumers as per the needs of the consumer.
› It tries to improve the quality of the products so as
to survive the competition.
Provides Goods at Good Prices
› Business provides goods and services to the
consumers at fair prices.
› Modern businesses give more importance to the
buyers needs.
› It gives value for money.
› It does not try to exploit its customers by charging
higher prices.
Higher Standard of Living
› Today’s business is consumer oriented, so
importance is given to consumer satisfaction.
› If the customer is satisfied only then d firm shall
survive and prosper.
› For satisfying a consumer the firm may have to
give added benefits like free gifts, vouchers, etc.
› This helps in maintaining the existing customers
and making new ones.
Better Facilities & Services
› Business help in providing better facilities & services
to the consumers.
› Due to competition, the firms give the customers
good after sales-services, EMI system, etc.
› This helps in increasing the number of customers
the firm has.
Economic Growth
› Economic Growth takes place when the national
income rises.
› National Income rises when there is growth in
various sectors like agriculture, industries and services sector.
› The service sector grows when there is a good
performance of the agricultural industry.
› The growth of all sectors leads to growth of the
nation.
Regional Development
› It means the business helps in developing the
different sectors of the society, especially the backward ones.
› Business firms set up industries in backward areas. › This not only helps the society but also the
businessmen as the government provides many incentives for setting up a business in such areas.
Social Welfare
› Business helps in the welfare of the society. › Firms participate in many social development
programs like sports, education, free medical camps, etc. by giving donations, sponsorships, etc.
Employment Opportunities
› An important role played by business is that it
creates employment opportunities.
› It provides direct employment in production
based activities & indirect employment in government departments and other areas.
Revenue to the Government
› Business provides revenue to the government by
way of taxes, duties, etc.
› The government gets a good amount of revenue
by way of direct & indirect taxes, duties & fees.
› The government then uses the collected tax for
the development of the nation.
Capital Formation
› Business helps in capital formation in the country. › Capital formation takes place because of saving
and investment.
› All the people save some part of their income ,
which they may later invest.
› Thus business helps in savings & investment.
International Relations
› Business helps in maintaining & developing
international relations.
› Due to foreign trade, countries depend on each
other & hence they maintain good relations with each other.
› One of the main reasons that the countries of the
world are so close to each other is Business.
doc_952544754.pptx
I want your feedback on this ppt so that i can make it more interesting.
Shashank.S. ? Karan.M. ? Justin.S. ? Praveen.S. ? Amit.G. ? Sourabh.P.
?
44 17 47 48 08
?
Keith Davis says “Business is an organized effort by individuals to produce goods & services in a market place & to reap some reward for this effort.” It is a social institution forming an integral part of the society. In present times, Business is a purposeful, economic & social activity.
?
?
?
“Environment of the business means the aggregate of all conditions, events & influences that surround & affect it.” says Keith Davis. It refers to all the Internal & External factors that affect the working of the Business. It is the total situation created by different environmental factors together.
?
?
?
Business plays an important role in the development of an economy & society. It benefits many sections of the society.
?
?
It may be classified into three groups:
1. Towards Business Firms. 2. Towards Consumers.
3. Towards Society.
Achievement of Objectives.
›
The firm increases its sales by providing goods and services that satisfy needs of the customers. Increase in sales leads to increase in Profit. PROFIT is one of the objectives of a business. A business can achieve its other objectives through fair business practices. Increase in market share, prestige, growth & expansion, etc. are some of the firm’s other objectives.
›
›
›
Increases Knowledge and Skills
›
For being competent in handling the business, the businessman must have some knowledge of the business & proper skills to conduct business activities smoothly.
›
To survive the competition he must increase his knowledge & skill.
Thus there is development in the personality of the businessman that helps in the efficient running of the business.
›
Product Development
› ›
Business helps in developing quality product. Market research helps to identify the needs & problems of the customers.
›
Product research & development teams use this information to introduce new products. This helps in satisfying the customers & in turn increases the profits for the firm.
›
Development of Good Relations
›
It develops good relations with different parts of the society. The survival & success of the firm depends on the relations it maintains. Fair business practices help the firms in developing & maintaining good relations with various sections of the society.
›
›
Good Corporate Image
› Corporate image means the image of the firm. › Fair business practices help in developing &
maintaining good corporate image for the business in the minds of the current & potential (future) customers, public, employees, etc.
› It is important for the firm as it helps in developing
marketing, financial & social value of the firm.
Optimum Utilization of Resources
› Optimum use of resources means making the best
use of resources without much wastage.
› Business helps in making the best use of its
physical, natural, financial & human resources.
› Optimum use of resources takes place when the
demand for its products are upto its maximum production capacity.
Expansion of Business
› Sound business practices help in expanding the
business. Eg: Launching new & improved products.
› Proper marketing can help in the expansion of the
business from the Local to Regional, Regional to National & from National to Global Levels.
Social Status & Prestige
› It is the rank that a firm can attain in a society. › Business helps a firm to enjoy a better status in the
society.
› The social status encourages the firm to practice
proper and sound business policies.
Provides Quality Goods & Services
› Business provides goods and services to the
consumers as per the needs of the consumer.
› It tries to improve the quality of the products so as
to survive the competition.
Provides Goods at Good Prices
› Business provides goods and services to the
consumers at fair prices.
› Modern businesses give more importance to the
buyers needs.
› It gives value for money.
› It does not try to exploit its customers by charging
higher prices.
Higher Standard of Living
› Today’s business is consumer oriented, so
importance is given to consumer satisfaction.
› If the customer is satisfied only then d firm shall
survive and prosper.
› For satisfying a consumer the firm may have to
give added benefits like free gifts, vouchers, etc.
› This helps in maintaining the existing customers
and making new ones.
Better Facilities & Services
› Business help in providing better facilities & services
to the consumers.
› Due to competition, the firms give the customers
good after sales-services, EMI system, etc.
› This helps in increasing the number of customers
the firm has.
Economic Growth
› Economic Growth takes place when the national
income rises.
› National Income rises when there is growth in
various sectors like agriculture, industries and services sector.
› The service sector grows when there is a good
performance of the agricultural industry.
› The growth of all sectors leads to growth of the
nation.
Regional Development
› It means the business helps in developing the
different sectors of the society, especially the backward ones.
› Business firms set up industries in backward areas. › This not only helps the society but also the
businessmen as the government provides many incentives for setting up a business in such areas.
Social Welfare
› Business helps in the welfare of the society. › Firms participate in many social development
programs like sports, education, free medical camps, etc. by giving donations, sponsorships, etc.
Employment Opportunities
› An important role played by business is that it
creates employment opportunities.
› It provides direct employment in production
based activities & indirect employment in government departments and other areas.
Revenue to the Government
› Business provides revenue to the government by
way of taxes, duties, etc.
› The government gets a good amount of revenue
by way of direct & indirect taxes, duties & fees.
› The government then uses the collected tax for
the development of the nation.
Capital Formation
› Business helps in capital formation in the country. › Capital formation takes place because of saving
and investment.
› All the people save some part of their income ,
which they may later invest.
› Thus business helps in savings & investment.
International Relations
› Business helps in maintaining & developing
international relations.
› Due to foreign trade, countries depend on each
other & hence they maintain good relations with each other.
› One of the main reasons that the countries of the
world are so close to each other is Business.
doc_952544754.pptx