DISSCUSSION
ABOUT BUSINESS DISCCUSSION
OBJECTIVES
THE NATURE OF BUSINESS
THE MAIN GOAL IS TO EARN FOR PROFIT
SATISFY PEOPLES NEEDS AND WANTS
PRODUCTS
TANGIBLE OR SERVICES PRODUCTS
GOAL OF THE ORGANIZATION
THE MANAGEMENT SKILLS-TO PLAN AND ORGANIZE
MARKETING EXPERTISE- TO LEARN CUNSOMERS NEEED AND WANTS AND TO DEVELOP,MANUFACTURE
PRICE,PROMOTE AND DISTRIBUTE
FINANCIAL RESOURCES- (FUNDS FOR THE OPERATION) (INVESTMENT FOR THE BENEFIT OF THE
ORGANIZATION)
INVOLVE IN THE ENVIRONMENT OF ORGANIZATION
ECONOMY
INFORMATION TECHNOLOGY
LEGAL POLITICAL AND REGULATORY FORCES
COMPETITION
SOCIAL RESPONSIBILITY AND ETHICS
FINANCE
MANAGEMENT
MARKETING
OWNER,EMPLOYEE,CONSUMERS
REASONS WHY WE NEED TO STUDY A BUSINESS
OPTIONS OF ORGANIZING A BUSINESS( BUSINESS FORMATION)
SOLE PROPRIETORSHIP
CORPORATION( 5-15 PERSONS)
COOPERATIVE(OWNED AND OPERATED DEMOCRATICALLY
PARTNERSHIP
LIMITED LIABILITY COMPANY-HYBRID CORPORSTION AMD PARTNERSHIP
CORPORATION-
IMPORTANCE OF MANAGEMENT
MANAGEMENT IS A PROCESS DESIGNED TO ACHIEVE AN ORGANIZATIONS OBJECTIVES BY USING ITS
RESOURCES EFFECTIVELY AND EFFICIENTLY IN A CHANIGING WORLD
SMART-SIMPLE,MEASURABLE,ATTAINANBLE,TIME BOUND
EFFICIENTLY-MEANS ACCOMPLISHING THE OBJECTIVES WITH A MINIMUM RESOURCWS
EFFECTIVELY-MEANS HAVING THE INTENDED RESULTS.
FAYOL’S FIVE FUNCTIONS OF MANAGEMENT
1. PLANNING-EXAMINE THE FUTURE,DECIDE WHAT NEEDS TO BE ACHIEVED,DEVELOP PLAN
2. ORGANIZING-PROVIDE RESOURCES,DIVIDE THE WORK INTO TASK AND PROJECTS,BUILD
STRUCTURE TO CARRY OUT ACTIVITIES
3. COMMANDING-GIVE INSTRUCTIONS TO SUBORDINATES TO CARRY OUT THE TASK,MAINTAIN
PERSONNEL TASK,GET RESULTS FROM EMPLOYEES
4. COORDINATING/DIRECTING-UNITY AND HARMONIZE ALL ACTIVITIES AND EFFORTS,ENSURE ALL
STAFF ARE WORKING TOWARDS COMMON GOALS
5. CONTROLLING-VERIFY EVERYTHING TO WORKED ACCORDING TO PLANS,INSTRUCTIONS AND
COMMAND
LEVEL OF MANAGEMENT
UPPER MANAGEMENT-CEO,COO,
MIDDLE MANAGEMENTLOWER-LEVEL MANAGEMENT-ASST MANAGER,TEAM LEADER
AREAS OF MANAGEMENT
SKILLS NEEDS OF MANAGERS
LEADERSHIP
HUMAN RELATION SKILLS
ANALYTICAL SKILLS
TECHNICAL EXPERTISE
CONCEPTUAL SKILLL
TOPIC 2
BUSINESS ANALYSIS
Is a set of activities performed to identify business needs and recommend relevant solutions and to elicit
document and manage requirement?
Who will perform business analysis?
Business analysis may be performed by any individual who is responsible for performing the work
regardless of the person’s title.
Skills and expertise needed for the business analysis role.
Analytical skills
Leadership skills
Problem solving
Technical skills
Decision making
Business and industry knowledge
Relationship between the project manager business analyst and other roles.
The project manager and business analyst serve
The need to Build the relationship
-by providing the industry with a greater understanding of the work performed within business analysis
and explaining how it is essential
Definition of Requirement
-requirement are specified for the purpose of clarifying and communicating a business need or required
capability.
Requirement Types
Business requirement-describe higher levels need of the organization as a whole
Stakeholders requirement-describe the needs of a stakeholder or stakeholder group
Solution Requirement-describe the features
Functional Requirements
Nonfunctional requirements
Transitional requirement
-- Structures of Business Analysis
Needs Assessment ( mission, vision ,goals and objectives) internal and external
Business Analysis Planning
Requirements Elicitation and Analysis
Traceability and Monitoring
Solution Evolution