lOMoAR cPSD| 23167418
Introduction TO Business
Management
1
, lOMoAR cPSD| 23167418
INTRODUCTION TO BUSINESS MANAGEMENT
THE BUSINESS WORLD AND THE COMMUNITY
The business world: is a process that uses the means of production of a country to produce products
and services to satisfy the needs of the people.
The primary purpose of the business: is to make profit while satisfying the needs of the people. The
business is the economic pulse of a nation and means through which the living of standard can be
improved.
Market system free economy system: is a system in which individual decide what to produce, how to
produce and what price to sell the product.
COMPOSITION OF SOUTH AFRICA BUSINESS WORLD 1997
(See file 3 )
• It consist of : 75 (1%) Holding companies, 642 Listed companies
• 195 000 Unlisted register companies, 374 000 Close corporates
• 473 000 One man business & partners, 3 800 000 Informal business sector(micro business)
The informal sector is regarded as not a part of the formal business economy, because people in this
business exist primalary for survival basis. They also place pressure on the infrastructure og the city as
they don’t pay taxes in the operation of their business.
NB: Business create wealth and economic growth and is responsible for high living standard in
economically successful countries.
JOB OPPORTUNITIES AND CONTRIBUTION TO GPD IN SOUTH AFRICA 1997
(See file 4)
Enterpreneuor or Businessperson: is someone who in the pursuit of profit and at risk, comine the
expertise and resources of the community in different way to produce product and service for the
market.
The business world is under pressure to consider its role in the society, with regards to the following
factors.
1. Social responsibilities: poor working conditions, pollution, abuse of the people saving
by firms, marketing of unsafe products. The business should be a good corrparate
citizen, make profit for its owner, make safe product and combat pollution.
2. Business ethics as a concept: the behaviors of individuals in the business world.
Managers and enterpreneurs level of integrit as well as the degree to which their
decisions conform to the norm and value of the society.
3. Affivimative action(equity): equal employment opportunities by ensuring that the
workforce are composed roughly the same proportion as the population.
4. Environmental damage: business are frequently responsible for air, water and soil
polution.
Introduction TO Business
Management
1
, lOMoAR cPSD| 23167418
INTRODUCTION TO BUSINESS MANAGEMENT
THE BUSINESS WORLD AND THE COMMUNITY
The business world: is a process that uses the means of production of a country to produce products
and services to satisfy the needs of the people.
The primary purpose of the business: is to make profit while satisfying the needs of the people. The
business is the economic pulse of a nation and means through which the living of standard can be
improved.
Market system free economy system: is a system in which individual decide what to produce, how to
produce and what price to sell the product.
COMPOSITION OF SOUTH AFRICA BUSINESS WORLD 1997
(See file 3 )
• It consist of : 75 (1%) Holding companies, 642 Listed companies
• 195 000 Unlisted register companies, 374 000 Close corporates
• 473 000 One man business & partners, 3 800 000 Informal business sector(micro business)
The informal sector is regarded as not a part of the formal business economy, because people in this
business exist primalary for survival basis. They also place pressure on the infrastructure og the city as
they don’t pay taxes in the operation of their business.
NB: Business create wealth and economic growth and is responsible for high living standard in
economically successful countries.
JOB OPPORTUNITIES AND CONTRIBUTION TO GPD IN SOUTH AFRICA 1997
(See file 4)
Enterpreneuor or Businessperson: is someone who in the pursuit of profit and at risk, comine the
expertise and resources of the community in different way to produce product and service for the
market.
The business world is under pressure to consider its role in the society, with regards to the following
factors.
1. Social responsibilities: poor working conditions, pollution, abuse of the people saving
by firms, marketing of unsafe products. The business should be a good corrparate
citizen, make profit for its owner, make safe product and combat pollution.
2. Business ethics as a concept: the behaviors of individuals in the business world.
Managers and enterpreneurs level of integrit as well as the degree to which their
decisions conform to the norm and value of the society.
3. Affivimative action(equity): equal employment opportunities by ensuring that the
workforce are composed roughly the same proportion as the population.
4. Environmental damage: business are frequently responsible for air, water and soil
polution.
