SUMMARY ORAL PRESENTATION 11° AEB-B.pptx

Presentacion de Gestion Empresarial en ingles

1. ROLE OF BUSINESS TEAM #1

2. The purpose of the company What is the purpose of a company? Depending on the company, its purpose will be different, but it will always focus on its customers to offer them a better service or product. What does my company do? Its objective is to produce something or provide a service that meets a need and for which profits are obtained. Why does a company exist? A company exists to offer services and products to obtain profit or monetary benefit and to satisfy the demands and needs of the It can be to earn money, to help others, or to have a meeting market. Why do you start a company? g point where to have fun, deep down various reasons can coexist, some on an economic or non-profit basis, ethical and others not so much.

3. Enterprise A enterprise is an entity that is dedicated to carrying out economic Activities in order to produce goods or services to satisfy the needs of society , with the aim of obtaining economic benefits . Types of companies according to different criteria According to your economic activit .

4. There are three main types of business opportunity:​ Spotting a gap in the market​ Improving an existing product or service.​ Producing an existing product or service more cheaply.

5. The idea of entrepreneurship is understood as the economic activities carried out by different actors, with the purpose of introducing a new product or service in the market that allows the development and economic growth of the region. Entrepreneurship

6. Business Planning  

7. Finance Department What is financial planning for a company?  Financial planning for a company is a business process that involves identifying, organizing, and efficiently managing financial resources to achieve organizational objectives. It is a proactive approach that helps companies anticipate their financial needs, manage their assets and liabilities, and ensure their viability and sustainable growth.

8. Human Resources Department The Human Resources, department of a company is responsible for managing employee talent and well-being. Its functions include hiring, training, performance evaluation, and benefits administration. It works to ensure a positive work environment and promote professional development. Additionally, it handles compliance with labor laws and the company's internal policies.

9. Marketing Department Marketing analyzes, plans, executes and controls exchanges to satisfy the server and achieve the company's objectives. It is a tool that serves as a basis for functional plans and other functional plans of the company (production or financial plan). It assigns responsibilities, allows periodic reviews and controls to solve problems and take advantage of opportunities in advance .

10. Purchase planning is the process of determining the material needs to produce products during a determined period of time, as well as the means for its supply..The functions of the purchasing department in a company are essential for all the other areas of the company to be able to do their job. Purchasing Department

11. OWNERSHIP SOLE-TRADER Team 3

12. Ownership is the legal right to use, possess , and give away a thing. Ownership can be tangible such as personal property and land, or it can be of intangible things such as intellectual property rights. E. g. When you buy a book, you own it. Add the suffix ship to owner, and now you have ownership of that lovely book. If you buy a house, you have ownership of it. (Vocabulary.com, s.f. ) Meaning of Ownership

13. Self-employment is earning income without being employed and paid by someone else. Self-employed persons may be involved in a variety of occupations but generally are highly skilled at a particular kind of work. Sole Employee

14. A "sole trader" is a term used in the business context to refer to an individual who runs a business alone, without partners. In this model, the individual is responsible for all business decisions and all financial and legal obligations of the business. It's a common way to structure small businesses, especially in areas like consulting, retail, professional services, and similar fields. Sole Trader

15. The tax benefits. With a sole proprietorship, you do not need to fill out a tremendous amount of paperwork, such as registering with your state. Advantages Disadvantages It can be difficult to get capital funding Pros Cons Low fees and costs Pass-through tax advantage Easier banking Unlimited liability goes from business to owner Difficulty in raising capital. (Investopedia, s.f.)

16. Limited liability is a legal protection that shields business owners' personal wealth. It separates the company's finances from the owners' and limits their liability to their investment. This encourages investment and facilitates business growth. In contrast, sole proprietors and general partners have unlimited liability for their businesses' debts. Limited liability

17. A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. More partners can bring their experience and new perspectives to the firm. (Kopp, 2014) Partnership

18. Ownership-Partnership Grupo #4

19. Ownership : “Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties.” ( Investopedia, 2024) Partnership : " A partnership is a kind of business where a formal agreement between two or more people is made who agree to be the co-owners, distribute responsibilities for managing an organization and communicate the income or failures that the firm creates.” ( Investopedia, 2024) Advantages of Partnership :   Extra set of hands   Additional   knowledge   Less financial burden   Less paperwork   Fewer tax forms   Disadvantages of Partnership :   No solo decision-making   Disagreements   Shared profits   Not a separate legal entity   Individually taxed   Ownership-Partnership

20. Keywords of Partnership : Sole Trader : “ A sole trader keeps all of the company's profits after tax has been paid on them, rather than having to share profits with a partner or shareholders. They also accept sole liability for paying tax on their profits. Unlike incorporated companies, sole traders do not pay corporation tax. Instead, they pay income tax.” ( Square, s.f. ) Public Limited : “A publ ic limited company is made up of shareholders. It will have 2 or more owners and will  have limited liabilty. The shareholders owns it. The profits and losses are shared between the shareholders.” ( Square, s.f. ) Private Limited : “ A private limited company is a privately held business entity held by private stakeholders. The liability arrangement, in this case, is that of a limited partnership, wherein the liability of a shareholder extends only up to the number of shares held by them.” ( Square, s.f. )

21. Types of partnership Partnership can be classified on two bases: Duration and Liability.( Geeksforgeeks , 2023) On the Basis of Duration 1.  Partnership at Will 2. Partnership for a Fixed Term (Partnership by Shares) 3. Particular Partnership (Simple Commandite Partnership) On the Basis of Liability of Partners 1. General Partnership  2. Limited Partnership 3. Limited Liability Partnership

22. Types of Partner in the Partnership Partner   A partner is an individual who jointly with other people (partners) agrees to set up a business firm and provide goods and services through it. ( Geeksforgeeks , 2023) Types of partners    1. Active Partner . A partner who actively participates in the management of an organization is known as an Active Partner. An active partner has unlimited liability. ( Geeksforgeeks , 2023) 2. Sleeping or Dormant Partner. As the name suggests, a partner who does not participate in the management of a company is known as a Sleeping or Dormant Partner. The sleeping partners are bound by the activities performed by the active partners and have unlimited liability .( Geeksforgeeks , 2023) 3. Secret Partner . A partner whose association with the firm is kept a secret or is unknown to outsiders is known as a Secret Partner . ( Geeksforgeeks , 2023) 4. Nominal Partners. “ The partners who are not real partners of a firm are known as Nominal Partners. They do not contribute capital, do not have unlimited liability, do not participate in the management of the firm, and do not get any share in the profit or loss of the company.   Nominal Partners are of two types: i ) Nominal Partner by Estoppel ii) Nominal Partner by Holding Out. ”( Geeksforgeeks , 2023)

23. AIMS & OBJECTIVES group #5

24. BUSINESS AIMS AND OBJECTIVES Business aims  are the broad, general goals that summarize what a company wants to achieve, while  business objectives  are specific, measurable targets that help a company achieve its aims. Together, business aims and objectives provide a clear direction for the company and help in setting priorities and goals, as well as making informed decisions. ( StudySmarter , 2024)

25. Types of aims and OBJECTIVES 25 FINANCIAL Survival Financial Security Sales & Profit Market Share NON-FINANCIAL Social Concerns Personal Satisfaction Challenge Independence and Control There are two types of aims and objectives :

26. Types of objectives Profit Growth Gain Market Share Survival Provide a Service 26

27. Mission and vision 27 Your mission statement is your purpose, declared, defining exactly what your company is doing now. It’s an embodiment of what you stand for, who you’re doing it for, and how you’re accomplishing it. A vision statement focuses on describing your company's desired future state, even more bold and high-reaching than the mission statement, highlighting the grand value or change you hope to drive in the world. (Vision vs Mission Statements - What’s the Difference?, 2024)

28. STAKEHOLDERS 28

29. What Is a Stakeholder ?  A stakeholder is a person, group or organization with a vested interest, or stake, in the decision-making and activities of a business, organization or project. Stakeholders can be members of the organization they have a stake in, or they can have no official affiliation. Stakeholders can have a direct or indirect influence on the activities or projects of an organization. Their support is often required for business and project success. stakeholders are important because they can have a positive or negative influence on the project with their decisions. There are also critical or key stakeholders, whose support is needed for the project to exist. 29

30. Stakeholders Categories Internal stakeholder : Internal stakeholders are those within a company whose interest stems from direct employment , ownership or investment . Internal stakeholders of a company or project can include employees ,  project managers, boards of directors , donors and investors . External Stakeholder :  An external stakeholder is a person or organization who has an interest in the success or failure of a project , business , or organization but is not directly involved in its operations .  30

31. How  Do Stakeholders   Affect   Businesses ? Competitors * Market Position * Strategic Decisions Owners / Shareholders * Influence on Decisions * Financial Expectations 31