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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
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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.
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 3
Key Terms
contingent worker producer intermediary service business
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 4
THE CHANGING U.S. JOB MARKET Employment data Pressures on employees
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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.
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 6
BUSINESS AND THE ECONOMY Size of businesses Roles of business Impact on a community
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 7
NUMBER OF EMPLOYEES IN U.S. BUSINESSES
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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
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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?
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 10
TYPES OF BUSINESSES
Producers Intermediaries Service businesses
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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?
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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.
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 13
Key Terms
proprietorship partnership corporation partnership agreement articles of incorporation franchise
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 14
BUSINESS OWNERSHIP
Proprietorship Partnership Corporation
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 15
FORMS OF OWNERSHIP
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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?
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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
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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?
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 19
OTHER FORMS OF OWNERSHIP Specialized partnerships and
corporations Cooperatives and franchises
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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?
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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.
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 22
Key Terms
mission statement goal policies procedures organization chart
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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
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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?
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 25
TYPES OF ORGANIZATIONAL STRUCTURES Functional organization structure Matrix organizational structure
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Introduction to Business© Thomson South-Western
Chapter 5
Slide 26
BUSINESS ORGANIZATION CHART
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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?