Первый слайд презентации: Introduction to business Third/ Fourth meeting
Слайд 2: Outlines
Internal organi z ation of the firm Business plan Entrepreneurship
Слайд 3: Structure
The structure of an organization refers to the way in which its activities are grouped or arranged. It is a hierarchical concept of subordination of entities (employees). It depend on: Size and number of employees Whether it is in the manufacturing or service sector Whether it is a local, national or international organization The type of work with which it is involved
Слайд 4: Structure
The structure of the firm is usually shown on an organi z ation chart. It usually provides us with the job titles of employees (or sections) and their relationship with each other. Various forms in practice. There is no right or wrong structure, provided that it reflect the needs of company and allows to communicate and work effectively and achieve business objectives.
Слайд 5: Managerial structure
Chairman of the Board – most responsible for firm’s strategic policies Compensation Committee – nonemployee directors setting the remuneration package for management Chief Executive Officer (CEO) – head of management team Chief Financial Officer (CFO) – r esponsible for: accounting, raising capital, evaluation of effectiveness of operation and investment. Chief Operating Officer (COO) – production and often sa les.
Слайд 7: U-form
One in which the central organi z ation of the the firm (CEO or management board) is responsible both for the firm’s day-to-day operations and for formulating its business strategy. Communication relies on the central part. Often inefficient as problems with bounded rationality – limits in ability to absorb and process information by management.
Слайд 9: M-form
One in which the business is organized into separate departments, such that responsibility for the day-to-day management is separated from the formulation of business’s strategic plan. Medium to large firms Advantages: Reduced lenght of information flows CEO can concentrate on overall planning Enhanced level of control – each divison may become „mini-firm” competing with other – when introducing properly designed budgeting and controlling procedures
Слайд 10: Flat organisation
One in which technology enables senior managers to communicate directly with those lower in the organizational struture. Middle managers are bypassed. Problems similar as with U-form: Communication cost (now lower) Misinterpretation of information or decisions Managers may focus on their own departmental goals rather than overall goals of the company.
Слайд 11: Mutlinationals
H-form (or holding company) – variation of M-structure. Parent company holds interest in a number of other companies or subsidiaries. These subsidiaries can in turn control other companies. Integrated international ent e rprise – international company pursues a single business strategy – coordinates activit i es of various other subsidiaries accros different countries.
Слайд 13: Transnational associations
A form of business in which the subsidiaries (often with little investment from the parent company) are contractually bound to the parent company to provide output to or receive inputs from other subsidiaries. Global sourcing – company uses production sites in different part of the world to provide particular component for a final product.
Слайд 14: Businessplan
Wikipedia : A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. No strict rules on how to organise /design However, some issues are indispensable!
Слайд 15: What must to be included ?
Goals/vision Market/competition Product Marketing/sales Operations Financials Often opening page: executive summary
Последний слайд презентации: Introduction to business Third/ Fourth meeting: Paper for next week!!
Find an example of financial statements of any company. Describe briefly th is company. Present most important figures and explain how these relate to selected company’s activities, sector in which it operates and its performance.