Introduction to Business

Name: Nicole
Nim: 20220050204
Class: SI22I
 CONTEXTS
● Business Definition
● Business Purposes
● Business Elements
● Business risk Factors
● Business Benefits
● Business Characteristics
What is business?

A business is defined as an organization or enterprising entity

engaged in commercial, industrial, or professional activities.
Business can be for profit entities or non profit organizations.
Business types range from limited liability companies to sole
proprietorships, corporations, and partnerships.
Examples of Business
What are the Business Purposes?

● First, start by researching your industry

● Then, consider why you started the company
● Then, consider how the business will operate
● Consider your daily responsibilities
● Use the mission statement for inspiration
● Enlist the help of friends or a co worker
● Finally write your statement in a way that is concise and
clear
What are the Business Elements?

● Product
● Customer Service
● Systems
● Time Management
● Team Management
● Marketing
● Finances
● Leadership
● Forecasting
● Visions
What are the Business risk factors?

● Competitive environment
● New Business development
● Potential impact of currency fluctuation and business
performance
● Concentration of management resources
● Risks associated with overseas business development
● Risks associated with legal restraints and litigation
What are the Business benefits?

● Health Insurance
● Paid time off (PTO)
● Retirement plan benefits
● Flexible work schedule
● Dental Insurance
● Vision Insurance
● Life Insurance
● Paid family leave
What are the Business characteristics?

● Economic Activity
● Buying and Selling
● Continuous Process
● Profit Motive
● Risk and Uncertainties
● Creative and Dynamic
● Customer Satisfaction
● Social Activity
● Government Control
THANK YOU
THE END