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Business As A System

A business organization is a system comprised of interrelated sub-systems like production, marketing, finance, personnel, research and development, and legal/management that work together to satisfy society's needs through the production and distribution of goods and services for profit. The business system takes various inputs from the external environment like labor, materials, technology, and information and transforms them through managerial processes to produce outputs of goods and services for society.

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Varun Garg
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44 views6 pages

Business As A System

A business organization is a system comprised of interrelated sub-systems like production, marketing, finance, personnel, research and development, and legal/management that work together to satisfy society's needs through the production and distribution of goods and services for profit. The business system takes various inputs from the external environment like labor, materials, technology, and information and transforms them through managerial processes to produce outputs of goods and services for society.

Uploaded by

Varun Garg
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Business As a System

Presented By: Raghvir Kaur

Business As a System
A system is assemblage or combination of things or parts forming a unitary whole. Cleland and King
A business organization is viewed as a system which is created to satisfy societys needs and desires by the production and distribution of goods and services undertaken with a view to earn profits .

Sub-systems
Production Marketing Finance Personnel Research and development Legal and Management

Business as an Open System

External Environment
The Organization And E Managerial Process

Inputs

Outputs
Goods

Labour Raw Material Technology Information

and Services

Feed Back

Characteristics Of Business System


Goal Oriented

Creative Open and Adaptive Psycho-social Sub-systems Environment Feed back Control Mechanism

Socio- Economic System


Business System -Industry -Commerce (Business Firms)
Production Marketing Finance Personnel R & D Accounting

Network of Systems

Problems in incorporation/Incorporation
Different orientations of Heads

Different Objectives
Lack of cooperation

Conflict between individuals and Business Goals


Working as Firm Compartments

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