itb chap 05
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Introduction to Business© Thomson South-Western
ChapterChapterChapterChapter
Business Organization
5-15-1 Business in the U.S. Economy
5-25-2 Forms of Business Ownership
5-35-3 Organizational Structure for Businesses
55
Introduction to Business© Thomson South-Western
Chapter 5
Slide 2
LESSON 5-1LESSON 5-1
Business in the U.S. Economy
Goals Describe the changing status of U.S.
employment. Discuss the role of business in the U.S.
economy. Describe three major types of
businesses.
Introduction to Business© Thomson South-Western
Chapter 5
Slide 3
Key Terms
contingent worker producer intermediary service business
Introduction to Business© Thomson South-Western
Chapter 5
Slide 4
THE CHANGING U.S. JOB MARKET Employment data Pressures on employees
Introduction to Business© Thomson South-Western
Chapter 5
Slide 5
>> C H E C K P O I N T
List several groups that will increase as a percentage of the total U.S. workforce in the next decade.
Introduction to Business© Thomson South-Western
Chapter 5
Slide 6
BUSINESS AND THE ECONOMY Size of businesses Roles of business Impact on a community
Introduction to Business© Thomson South-Western
Chapter 5
Slide 7
NUMBER OF EMPLOYEES IN U.S. BUSINESSES
Introduction to Business© Thomson South-Western
Chapter 5
Slide 8
BUSINESS ACTIVITIES
Generating ideas Raising capital Employing and training personnel Buying goods and services Marketing goods and services Maintaining business records
Introduction to Business© Thomson South-Western
Chapter 5
Slide 9
>> C H E C K P O I N T
What are the six basic activities completed by all businesses?
Introduction to Business© Thomson South-Western
Chapter 5
Slide 10
TYPES OF BUSINESSES
Producers Intermediaries Service businesses
Introduction to Business© Thomson South-Western
Chapter 5
Slide 11
>> C H E C K P O I N T
How does a manufacturer differ from an extractor?
Introduction to Business© Thomson South-Western
Chapter 5
Slide 12
LESSON 5-2LESSON 5-2
Forms of Business OwnershipGoals Understand the three major forms of
business ownership. Determine when each form of business
ownership is most appropriate. Recognize other specialized business
ownership forms.
Introduction to Business© Thomson South-Western
Chapter 5
Slide 13
Key Terms
proprietorship partnership corporation partnership agreement articles of incorporation franchise
Introduction to Business© Thomson South-Western
Chapter 5
Slide 14
BUSINESS OWNERSHIP
Proprietorship Partnership Corporation
Introduction to Business© Thomson South-Western
Chapter 5
Slide 15
FORMS OF OWNERSHIP
Introduction to Business© Thomson South-Western
Chapter 5
Slide 16
>> C H E C K P O I N T
What are the differences between the three main forms of business ownership?
Introduction to Business© Thomson South-Western
Chapter 5
Slide 17
CHOOSING A FORM OF BUSINESS OWNERSHIP Choosing a proprietorship Choosing a partnership Choosing a corporation
Introduction to Business© Thomson South-Western
Chapter 5
Slide 18
>> C H E C K P O I N T
Which form of business ownership is the most complex and difficult to form?
Introduction to Business© Thomson South-Western
Chapter 5
Slide 19
OTHER FORMS OF OWNERSHIP Specialized partnerships and
corporations Cooperatives and franchises
Introduction to Business© Thomson South-Western
Chapter 5
Slide 20
>> C H E C K P O I N T
What are the other specialized forms of business ownership?
Introduction to Business© Thomson South-Western
Chapter 5
Slide 21
LESSON 5-3LESSON 5-3
Organizational Structure for Businesses
Goals Understand important principles in
designing an effective organization. Compare alternative organizational
structures for businesses.
Introduction to Business© Thomson South-Western
Chapter 5
Slide 22
Key Terms
mission statement goal policies procedures organization chart
Introduction to Business© Thomson South-Western
Chapter 5
Slide 23
DESIGNING AN EFFECTIVE BUSINESS ORGANIZATION Setting direction Principles of effective organization
Responsibility, authority, and accountability
Unity of command Span of control
Introduction to Business© Thomson South-Western
Chapter 5
Slide 24
>> C H E C K P O I N T
What is the difference between a mission statement and a goal?
Introduction to Business© Thomson South-Western
Chapter 5
Slide 25
TYPES OF ORGANIZATIONAL STRUCTURES Functional organization structure Matrix organizational structure
Introduction to Business© Thomson South-Western
Chapter 5
Slide 26
BUSINESS ORGANIZATION CHART
Introduction to Business© Thomson South-Western
Chapter 5
Slide 27
>> C H E C K P O I N T
What problems can result from the use of a functional organizational structure?
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