siir rafeeq i2b lecture 1

8/14/2019 Siir Rafeeq i2b lecture 1

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22superior.edu.pksuperior.edu.pk

Contents overviewContents overview

What is BusinessWhat is Business What are profit and non profit activitiesWhat are profit and non profit activities

Social and economic roles of businessSocial and economic roles of business

Qualities of a good business manQualities of a good business man


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NATURE OF BUSINESSNATURE OF BUSINESS

Meaning of BusinessMeaning of BusinessLiterally :Literally : State of being busyState of being busy..

Technically:Technically: All the human economic activities related to productionAll the human economic activities related to productionand distribution of goods and services to earn profitand distribution of goods and services to earn profit

e.g.e.g. Activities performed by farmer, manufacturer,Activities performed by farmer, manufacturer,

transporters, bankers, doctors, lawyers etc.transporters, bankers, doctors, lawyers etc.

DefinitionDefinitionAll Profit seeking activities and enterprises that provide goods andAll Profit seeking activities and enterprises that provide goods and

services necessary to an economic system.services necessary to an economic system.


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Human Economic Activity

Production and Distribution

Goods and Services

Profit Purpose

BUSINESS..?


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Not for Profit organizationsNot for Profit organizations

Social Service Activities.Social Service Activities. Edhi TrustEdhi Trust

Shaukat Khanam MemorialShaukat Khanam Memorial

Cancer Hospital &Cancer Hospital &

Research Center.Research Center.


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Social Service Activities:Social Service Activities:

Setting up Free HospitalSetting up Free Hospital

Religious ActivitiesReligious Activitiesoffering prayer etcoffering prayer etc..

Personal consumption activitiesPersonal consumption activities

Illegal ActivitiesIllegal Activities Gambling, Smuggling etc.Gambling, Smuggling etc.


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Social activities:Social activities: All the activities which are done to facilitate theAll the activities which are done to facilitate thesociety not for the motive of profit are called social activities. E.g: setting up a Freesociety not for the motive of profit are called social activities. E.g: setting up a Free

educational complex, setting up a Free hospitaleducational complex, setting up a Free hospital

Religious Activities:Religious Activities: All the activities which are performed toAll the activities which are performed toPlease the God or to promote the religion are called religious activities. E.g: BuildingPlease the God or to promote the religion are called religious activities. E.g: Building

a mosque, offering Pilgrimage or the prayers.a mosque, offering Pilgrimage or the prayers.

Personal consumption activitiesPersonal consumption activities: All the activities: All the activitieswhich are performed to satisfy the personal needs. Such activities are not performedwhich are performed to satisfy the personal needs. Such activities are not performed

to earn profit. Like, Sewing the clothes for him/herself, Farming for his/herself.to earn profit. Like, Sewing the clothes for him/herself, Farming for his/herself.

Illegal Activities:Illegal Activities: all the activities which are against the Law of thatall the activities which are against the Law of thatcountry or the Region are called illegal activities. Like; Smuggling and Gambling.country or the Region are called illegal activities. Like; Smuggling and Gambling.


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Responsibility to satisfy societyResponsibility to satisfy society

Responsibilities to general PublicResponsibilities to general Public Protecting the environmentProtecting the environment

Developing the Quality of the workforceDeveloping the Quality of the workforceResponsibilities to customersResponsibilities to customers The right to be safeThe right to be safe

The right to be informedThe right to be informed The right to chooseThe right to choose

The right to be heardThe right to be heard


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Cont.Cont.

Responsibilities to employeesResponsibilities to employees Workplace safetyWorkplace safety

Quality of life issuesQuality of life issues

Ensuring equal opportunity on the jobEnsuring equal opportunity on the job

Age discriminationAge discrimination

Responsibilities to investors and theResponsibilities to investors and the

financial communityfinancial community


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VisionaryVisionary

QUALITIES OF A GOODQUALITIES OF A GOOD

BUSINESSMANBUSINESSMAN

Critical Thinking AndCritical Thinking And

CreativityCreativity

Steadfast andSteadfast andcourageouscourageous

Ability to steer changeAbility to steer change

Initiative and creativityInitiative and creativity

Ethical standardEthical standard

Ability to planAbility to plan

Knowledge of businessKnowledge of business


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You can be anything

you want, if you are

willing to pay theprice.

siir rafeeq i2b lecture 1

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