Introduction
History of business
- Trading empires
- Early industrials
- Trusts
- The professional management era
- The shareholder
- New era every 50 years
Nowdays business
Future business
1. What is business? When is it considered a business?
- A business is any organization that uses resources to produce products and services to meet the needs of
customers.
Management = the conducting or supervising of something.
Four different sectors:
- Planning and organizing
- Staffing
- Leading
- Controlling
Always think from a management point of view (profit, better reputation, attract customers)
We stand on a management level and learn about how to successfully run a business organization.
Example 1:
Discuss: Should NTI gymnasium increase the salary for the teachers?
- Think first from a teacher’s pov.
- Then from a student’s pov.
- Then from the principles or community’s pov.
For Against
- Higher motivation, better quality - Not enough budget
- Attract more customer, higher profit - Lower profit
- Attract teachers from other schools - Limit the expenses on other important things
(school trips, materials)
- Loyal customers - Material creates more competition.
Students happier Lower quality of teachers
Better reputation Mirrored on the students’
Attract more students performance
Better exam results
Eventually the profit will increase
Example 2:
Discuss: Should Kate the beekeeper lowers the price of her honey products?
Concept study: In order to help you develop a deeper, more holistic, and more integrates understanding of
business management in a global context, six concepts have been identified. We call it: CUEGIS.
History of business
- Trading empires
- Early industrials
- Trusts
- The professional management era
- The shareholder
- New era every 50 years
Nowdays business
Future business
1. What is business? When is it considered a business?
- A business is any organization that uses resources to produce products and services to meet the needs of
customers.
Management = the conducting or supervising of something.
Four different sectors:
- Planning and organizing
- Staffing
- Leading
- Controlling
Always think from a management point of view (profit, better reputation, attract customers)
We stand on a management level and learn about how to successfully run a business organization.
Example 1:
Discuss: Should NTI gymnasium increase the salary for the teachers?
- Think first from a teacher’s pov.
- Then from a student’s pov.
- Then from the principles or community’s pov.
For Against
- Higher motivation, better quality - Not enough budget
- Attract more customer, higher profit - Lower profit
- Attract teachers from other schools - Limit the expenses on other important things
(school trips, materials)
- Loyal customers - Material creates more competition.
Students happier Lower quality of teachers
Better reputation Mirrored on the students’
Attract more students performance
Better exam results
Eventually the profit will increase
Example 2:
Discuss: Should Kate the beekeeper lowers the price of her honey products?
Concept study: In order to help you develop a deeper, more holistic, and more integrates understanding of
business management in a global context, six concepts have been identified. We call it: CUEGIS.
