MANAGEMENT

Introduction to Business
Part 1 of 2

Mya Myo Chel

MBA (YIE),
Adv; Dip; in Business Management (ABE, UK)
What is Organization? - Unit
- Structure
A social unit of people that is structured and - Need
managed to meet a need or to pursue collective goals. - Goals
- Management
All organizations have a management structure that - Relationship
- Activities
determines relationships between the different
- Members
activities and the members, and subdivides and - Assign
assigns roles, responsibilities, and authority to carry - Roles
- Responsibilities
out different tasks. - Authority
- Tasks
Organizations are open systems--they affect and are - Open systems
affected by their environment. - Environment
Organization Structure

Divisional Structure
Teamwork Approach

Matrix Structure
Network Structure
 BUSINESS
A business (also known as

enterprise or firm) is an

organization involved in the trade of

goods, services, or both to

consumers with profits.

 Types of Business Organization
Economy

Private Sector Public Sector

Public Local Government

Non-Corporate corporations Authorities Agencies
Corporate Organizations
Organizations

Private Limited Public Limited

Sole Traders Partnerships
Company (Ltd.) Company (Plc.)
 Business Objectives

Corporate
Level

Business Level

Operation Level
SMART objectives

State exactly what is to be achieved.

Capable of measurement – so that it is possible to

determine whether (or how far) it has been achieved

Relevant to the people responsible for achieving them

Realistic given the circumstances in which it is set and the

resources available to the business.

Set with a time-frame in mind. These deadlines also need

to be realistic
Resources
1. Land – Natural Resources
(Space, metal ores, coal & oil)
- Limited amount
- Over-exploitation or over-usage
- Great competition to access strategic
location

2. Labor– Human Resources

- Age range, gender, number
- Skills
- Availability
- Geographical location

3. Capital – Capital Resources

- Real Capital (Equipment, HR, Building)
- Financial Capital (Fund – Money)

4. Management Skill – Entrepreneurship

Business Environment
SWOT Analysis
 A person, group or organization that has interest
Stakeholders  or concern in an organization.
THANK YOU!