Matakuliah : J0084 / Introduction to Management and Business Tahun : 2007 Versi :1/3 Pertemuan 15 (Fifteenth Meeting) Motive & Function of Business Halaman 1 Learning Outcomes Student should be able to implement ethical & responsible business decision making -> C3 Halaman 2 Learning Outline • The Objective of Business • Resources Used to Produce Products and Services • The Stakeholders in Business • The Environment of Business • The Main Types of Business Decision Halaman 3 1. Main Objective of Business a. Where does Profit Come From Profit = Income - Cost a. Demand Three conditions: b. Customer c. Efficient Halaman 4 b. Profit as Motive to Understand Business: 1) You’ll find better job if you have strong business skill 2) You’ll discover that your job is enjoyable if you understand the relation between your job and your company & industry 3) Your performance will be better, so that you’ll be in the more satisfy career track 4) If you’ll invest later, you can identify type of prospective business Halaman 5 c. How profit influenced by the government 1) In the United States and most other countries free to start the business 2) In the socialist countries like Sovyet Union business belongs to governments and not profit oriented d. Non profit organization Halaman 6 2. Resources Used to Produce Product and Services a. Natural Resources b. Human Resources c. Capital d. Enterpreneurship Halaman 7 3. Stakeholders a. b. c. d. e. Proprietor Creditor Employee Supplier Customer Halaman 8 Interaction among stakeholders Proprietor Creditor Company managed by employees Customer Supplier Halaman 9 4. Business Environment a. Social Environment b. Industry Environment c. Economic Environment d. Global Environment Halaman 10 5. Main Business Decision a. Management Decision 1) Equipment 2) Employees b. Marketing Decision 1) 2) 3) 4) Products/Services Price Distribution Promotion Halaman 11 c. Finance Decision 1) Stock / liabilities 2) Long term / short term liabilities 3) Broadening investment Halaman 12 How some Business Functions Increase the decision Making Business Decision relies on 1) Accountancy 2) Information System Halaman 13