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    The document discusses the key concepts of business including: 1. Businesses take various resources as inputs, process them through a predictable, repeatable, and measurable system, and produce outputs in the form of quality products, price, service, and speed for markets and customers. 2. The core functions of a business include production, HR, finance, marketing, IT, R&D, and business development. 3. Businesses must balance the expectations of various stakeholders including employees, shareholders, customers, suppliers, government, and society. 4. Businesses operate within an environment that includes internal factors like employees as well as external micro and macro factors related to competitors, politics, economics, society

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    The document discusses the key concepts of business including: 1. Businesses take various resources as inputs, process them through a predictable, repeatable, and measurable system, and produce outputs in the form of quality products, price, service, and speed for markets and customers. 2. The core functions of a business include production, HR, finance, marketing, IT, R&D, and business development. 3. Businesses must balance the expectations of various stakeholders including employees, shareholders, customers, suppliers, government, and society. 4. Businesses operate within an environment that includes internal factors like employees as well as external micro and macro factors related to competitors, politics, economics, society

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    The document discusses the key concepts of business including: 1. Businesses take various resources as inputs, process them through a predictable, repeatable, and measurable system, and produce outputs in the form of quality products, price, service, and speed for markets and customers. 2. The core functions of a business include production, HR, finance, marketing, IT, R&D, and business development. 3. Businesses must balance the expectations of various stakeholders including employees, shareholders, customers, suppliers, government, and society. 4. Businesses operate within an environment that includes internal factors like employees as well as external micro and macro factors related to competitors, politics, economics, society

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    2 views21 pages

    Sess 1 2

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    Parth More
    The document discusses the key concepts of business including: 1. Businesses take various resources as inputs, process them through a predictable, repeatable, and measurable system, and produce outputs in the form of quality products, price, service, and speed for markets and customers. 2. The core functions of a business include production, HR, finance, marketing, IT, R&D, and business development. 3. Businesses must balance the expectations of various stakeholders including employees, shareholders, customers, suppliers, government, and society. 4. Businesses operate within an environment that includes internal factors like employees as well as external micro and macro factors related to competitors, politics, economics, society

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    of 21

    Perspective Management

    Prof Bharat Nadkarni


    What is Business?
    What is Business?

    Input Process Output


    I--------------------------------------I
    What is Business?

    Input Process Output


    I--------------------------------------I
    Resources (5 M)
    1. Money
    2. Manpower
    3. Materials
    4. Machine
    (Technology)
    5. Management
    What is Business?

    Input Process Output


    I--------------------------------------I
    1. Predictable
    Resources (5 M)
    1. Money 2. Repeatable
    2. Manpower
    3. Materials 3. Measurable
    4. Machine
    (Technology)
    5. Management
    What is Business?

    Input Process Output


    I--------------------------------------I
    1. Predictable
    Resources (5 M)
    Markets
    1. Money 2. Repeatable and
    2. Manpower
    Customers
    3. Materials 3. Measurable
    4. Machine
    (Technology)
    5. Management
    What is Business?

    Input Process Output


    I--------------------------------------I
    1. Predictable 1. Quality
    Resources (5 M) 2. Price Markets
    1. Money 2. Repeatable 3. Service and
    2. Manpower 4. Speed Customers
    3. Materials 3. Measurable (Q P S S)
    4. Machine
    (Technology)
    5. Management
    What is Business?

    Input Process Output


    I--------------------------------------I
    1. Predictable 1. Quality
    Resources (5 M) 2. Price Markets
    1. Money 2. Repeatable 3. Service and
    2. Manpower 4. Speed Customers
    3. Materials 3. Measurable (Q P S S)
    4. Machine
    (Technology)
    5. Management

    Money = C + P
    What is Organisational Structure?

    Input Process Output


    I--------------------------------------I
    Production HR Finance Marketing

    IT

    R&D Business Dev.


    Developing Employees

    •Personal Efficacy
    Internality, Self Management, Optimism, Trust, Collaboration

    •Openness – Sharing of Knowledge and


    Information

    •Innovation

    •Competitiveness
    Internal Factor Evaluation

    Continuous Improvement for Sustainable Business


    • Product Quality
    • Technology
    • Productivity
    • Processes
    • Organizational Culture
    • Leadership
    • Safety

    Approach towards Market Maximisation


    Business Environment

    Internal External

    Input --- Process --- Output


    Employees
    (Internal Stakeholder)

    Micro Macro

    PESTEL
    •Political
    Competitors
    External Stakeholders •Economical
    •Shareholders •Social
    •Customers •Technological
    •Suppliers
    •Government
    •Environmental
    •Society •Legal
    Business Environment

    Internal External

    Input --- Process --- Output


    Employees
    (Internal Stakeholder)

    Micro Macro

    PESTEL
    •Political
    Competitors
    External Stakeholders •Economical
    •Shareholders •Social
    •Customers •Technological
    •Suppliers
    •Government
    •Environmental
    •Society •Legal
    Who are the Stakeholders
    of Business?
    Who are the Stakeholders of Business?

    •Employees (Internal Stakeholder)

    •Shareholders

    •Customers

    •Suppliers

    •Government

    •Society
    Balancing and exceeding
    their expectations,
    consistently
    Competition

    • Product quality

    • Price

    • Customer servce

    • Speed

    • Technological superiority

    • Financial strength

    • Advertising effectiveness

    • Dealer relationship
    Strategic Management

    Key Macro Environmental factors : P E S T E L

    1. Political and Government factors

    2. Economic factors

    3. Social & Cultural include Demographic factors

    4. Technological factors

    5. Environmental incl Natural Factors

    6. Legal incl International trading factors

    Create a SWOT
    SWOT Analysis
    •Organisational Appraisal : S & W

    •Environmental Appraisal : O & T


    TWO’s Analysis

    Strength Weakness

    Opportunity Maxi Maxi Mini Maxi

    Maxi Mini Mini Mini


    Threat
    Thank you

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