2. COURSE SCHEDULE
CHAPTER 1: BUSINESS MANAGEMENT AND ORGANIZATION
CHAPTER 2: OBJECTIVES, STAKEHOLDERS AND THE EXTERNAL
ENVIRONMENT
CHAPTER 3: ORGANIZATIONAL PLANNING AND DECISION
MAKING
CHAPTER 4: GROWTH AND THE IMPACT OF GLOBALIZATION
4. Nature of a business organization
What is business?
The nature of business activity inevitably varies
from country to country and reflects the needs
and resources of the local environment.
Factors of production
Labour
Capital
Land
Enterprise
5. Business functions
Businesses have four main functions:
1. Finance
2. Marketing
3. Human Resources
4. Operations
Among these functions it is essential to have
very good communication between workers
and established team spirit.
6. Primary, secondary and
tertiary sectors
Primary Sector
Business
activity that
involves
extraction of
raw materials.
(mining,
fishing,
agriculture)
Secondary
Sector Business
activity that
creates finished
or useable
products.
(manufacturing)
Tertiary Sector
Business
activity that
covers the
services to
businesses and
individuals
(transportation,
distribution)
7. Business Organizations
Public
controlled and
overseen by
governments (covers
sectors like health,
education, justice,
police)
Private
owned by
individuals with an
objective of making
profits (except
charites and
foundations)
Public
and
Private
Listed
companies
8. Possible problems faced by
start-ups
Finance
Poor cash flow
The personality of
entrepreneurs Location
Developing a customer
base
HR management skills
9. Types of businesses
Profit based organizations Non-profit and
non-governmental-organizations
NPOs
Charities (TEV – Turkish
Education Foundation)
NGOs
The Foundation of
Anatolian Folklore and
Culture
Sole traders (Sole
proprietors)
Business where individual is
the owner.
Partnerships
Two or more individuals
work as co-owners
Companies or corporations
Separation in ownership
and management
10. Public and private enterprise
Public Private Partnerships (PPP) – 3P
Collaboration between public bodies,
such as local authorities or central
government and private companies
forming partnerships.
Private Finance Initiative (PFI)
Government and local authorities paying
private contractors to build roads,
schools, prisons and hospitals.
11.
12. What are the advantages and
disadvantages of PPP (Public
Private Partnerships)?
