Copyright © 2007 South-Western. All rights reserved. Chapter 1 Motives and Functions of a Business
Copyright © 2007 South-Western. All rights reserved.1 Learning Objectives Motives & Functions Of a Business GoalsResources Stakeholders Environment Decisions
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.2 The Key Decisions in Running A Business
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.3 Lower PriceOpportunity Goals of a Business Goals Resources Stakeholders Environment Decisions Needs Consumer Profit Owner
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.4 Where Profits Come From Goals Resources Stakeholders Environment Decisions Revenue - (Expense) Profits Demand Attract Expense
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.5 Free Markets Government & Nonprofits Goals Resources Stakeholders Environment Decisions Nonprofit
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.6 Factors of Production Goals Resources Stakeholders Environment Decisions Natural ResourcesHuman Resources CapitalEntrepreneurship
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.7 Technology Goals Resources Stakeholders Environment Decisions Information Technology Electronic Business
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.8 Entrepreneurship Goals Resources Stakeholders Environment Decisions RISKIDEAS CreatesAccepts
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.9 Stakeholders Goals Resources Stakeholders Environment Decisions OwnersCreditors EmployeesSuppliersCustomers
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.10 Owners Goals Resources Stakeholders Environment Decisions EntrepreneurStockholder
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.11 Owner Profiles Goals Resources Stakeholders Environment Decisions
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.12 Creditors Goals Resources Stakeholders Environment Decisions Loans
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.13 People in Business Goals Resources Stakeholders Environment Decisions Customers Employees Suppliers
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.14 People in Business Goals Resources Stakeholders Environment Decisions
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.15 Business Environment Goals Resources Stakeholders Environment Decisions SocialIndustry EconomicGlobal
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.16 Business Decisions Goals Resources Stakeholders Environment Decisions
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.17 Decisions and Performance Goals Resources Stakeholders Environment Decisions
Motives and Functions of a Business Copyright © 2007 South-Western. All rights reserved.18 Decision-Making Focus Goals Resources Stakeholders Environment Decisions