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Intro to Business Chapter 5 Business Organization

Intro to Business Chapter 5 Business Organization. 5-1 Business in the U.S. Economy 5-2 Forms of Business Ownership 5-3 Organizational Structure for Businesses. 5-1 Business in the U.S. Economy. Employment data: In 20____, ___________ people held jobs in the U.S.

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Intro to Business Chapter 5 Business Organization

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  1. Intro to BusinessChapter 5Business Organization 5-1 Business in the U.S. Economy 5-2 Forms of Business Ownership 5-3 Organizational Structure for Businesses

  2. 5-1 Business in the U.S. Economy • Employment data: • In 20____, ___________ people held jobs in the U.S. • Currently there is a higher growth rate for _____, __________, and _________________workers. • White Non-Hispanic workers make up _____ of the labor force • By 2014, nearly one half of all jobs will be held by _________.

  3. 5-1 Business in the U.S. Economy • Pressures on Employees • Economic stress can lead to ______________ • _______________can help or hurt employees • Work/Life balance (family) • Additional _____________ requirements • Added ______________ • Contingent worker –

  4. 5-1 Business in the U.S. Economy • Businesses and the Economy • In 20___, all businesses worldwide produced more than __________ of goods and services; U.S. businesses accounted for ____ of that production • Roles of Business • Most U.S. businesses are quite _________

  5. Percent of Businesses by Employee Size

  6. 5-1 Business in the U.S. Economy • Business Activities • Generating Ideas • Raising Capital • Employing and Training ____________ • Buying ________ and _________ • ___________ Goods and Services • Maintaining Business Records

  7. 5-1 Business in the U.S. Economy • Types of Businesses • Producers – • __________ – takes resources from nature • __________ – cultivate land or raise livestock • ________________ – get supplies from other producers and convert them into products • Intermediaries – • Service Businesses–

  8. 5-2 Forms of Business Ownership • 3 Major Forms of Business Ownership • Proprietorship – • Partnership • Corporation –

  9. 5-2 Forms of Business Ownership Proprietorship Pros Proprietorship Cons

  10. 5-2 Forms of Business Ownership • Partnerships • Partnership agreement – • Business name, investments, how profits and losses will be shared, responsibilities of each person, how partnership can be dissolved • Most states require that partnership _________ a business name as well as the name of each person in the partnership

  11. 5-2 Forms of Business Ownership Partnership Pros Partnership Cons

  12. 5-2 Forms of Business Ownership • Corporations • Articles of Incorporation – • Must create corporate _______ and name a ______ of ________ • Issues shares of ________to investors • Most popular form of ownership for _______ businesses

  13. 5-2 Forms of Business Ownership Corporation Pros Corporation Cons

  14. 5-2 Forms of Business Ownership • Other Forms of Ownership • Limited Liability Partnership • Joint Venture (two or more businesses unite) • S-Corporation • Limited Liability Company (LLC) • Nonprofit Corporation • Cooperative • Franchise –

  15. 5-3 Organizational Structure for Businesses • Many new businesses _____ in the first years • The direction for the business comes from its mission statement – • Businesses must create: • _________ – results the business expects to achieve • _________– guidelines for decision-making • _________ – descriptions of the way work is done

  16. 5-3 Organizational Structure for Businesses • Principles of Effective Organization • Responsibility, Authority and Accountability • Unity of Command • Span of Control

  17. 5-3 Organizational Structure for Businesses • Organizational Structures • Organization chart – • Functional organizational structure – • Matrix organizational structure –

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