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Contents overviewContents overview
What is BusinessWhat is Business What are profit and non profit activitiesWhat are profit and non profit activities
Social and economic roles of businessSocial and economic roles of business
Qualities of a good business manQualities of a good business man
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NATURE OF BUSINESSNATURE OF BUSINESS
Meaning of BusinessMeaning of BusinessLiterally :Literally : State of being busyState of being busy..
Technically:Technically: All the human economic activities related to productionAll the human economic activities related to productionand distribution of goods and services to earn profitand distribution of goods and services to earn profit
e.g.e.g. Activities performed by farmer, manufacturer,Activities performed by farmer, manufacturer,
transporters, bankers, doctors, lawyers etc.transporters, bankers, doctors, lawyers etc.
DefinitionDefinitionAll Profit seeking activities and enterprises that provide goods andAll Profit seeking activities and enterprises that provide goods and
services necessary to an economic system.services necessary to an economic system.
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Human Economic Activity
Production and Distribution
Goods and Services
Profit Purpose
BUSINESS..?
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Not for Profit organizationsNot for Profit organizations
Social Service Activities.Social Service Activities. Edhi TrustEdhi Trust
Shaukat Khanam MemorialShaukat Khanam Memorial
Cancer Hospital &Cancer Hospital &
Research Center.Research Center.
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Not for Profit organizationsNot for Profit organizations
Social Service Activities:Social Service Activities:
Setting up Free HospitalSetting up Free Hospital
Religious ActivitiesReligious Activitiesoffering prayer etcoffering prayer etc..
Personal consumption activitiesPersonal consumption activities
Illegal ActivitiesIllegal Activities Gambling, Smuggling etc.Gambling, Smuggling etc.
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Not for Profit organizationsNot for Profit organizations
Social activities:Social activities: All the activities which are done to facilitate theAll the activities which are done to facilitate thesociety not for the motive of profit are called social activities. E.g: setting up a Freesociety not for the motive of profit are called social activities. E.g: setting up a Free
educational complex, setting up a Free hospitaleducational complex, setting up a Free hospital
Religious Activities:Religious Activities: All the activities which are performed toAll the activities which are performed toPlease the God or to promote the religion are called religious activities. E.g: BuildingPlease the God or to promote the religion are called religious activities. E.g: Building
a mosque, offering Pilgrimage or the prayers.a mosque, offering Pilgrimage or the prayers.
Personal consumption activitiesPersonal consumption activities: All the activities: All the activitieswhich are performed to satisfy the personal needs. Such activities are not performedwhich are performed to satisfy the personal needs. Such activities are not performed
to earn profit. Like, Sewing the clothes for him/herself, Farming for his/herself.to earn profit. Like, Sewing the clothes for him/herself, Farming for his/herself.
Illegal Activities:Illegal Activities: all the activities which are against the Law of thatall the activities which are against the Law of thatcountry or the Region are called illegal activities. Like; Smuggling and Gambling.country or the Region are called illegal activities. Like; Smuggling and Gambling.
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Responsibility to satisfy societyResponsibility to satisfy society
Responsibilities to general PublicResponsibilities to general Public Protecting the environmentProtecting the environment
Developing the Quality of the workforceDeveloping the Quality of the workforceResponsibilities to customersResponsibilities to customers The right to be safeThe right to be safe
The right to be informedThe right to be informed The right to chooseThe right to choose
The right to be heardThe right to be heard
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Cont.Cont.
Responsibilities to employeesResponsibilities to employees Workplace safetyWorkplace safety
Quality of life issuesQuality of life issues
Ensuring equal opportunity on the jobEnsuring equal opportunity on the job
Age discriminationAge discrimination
Responsibilities to investors and theResponsibilities to investors and the
financial communityfinancial community
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VisionaryVisionary
QUALITIES OF A GOODQUALITIES OF A GOOD
BUSINESSMANBUSINESSMAN
Critical Thinking AndCritical Thinking And
CreativityCreativity
Steadfast andSteadfast andcourageouscourageous
Ability to steer changeAbility to steer change
Initiative and creativityInitiative and creativity
Ethical standardEthical standard
Ability to planAbility to plan
Knowledge of businessKnowledge of business
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You can be anything
you want, if you are
willing to pay theprice.
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