Business Management
Intel Corporation
1.
The Role of Business
The Art of Change
The world of business today can be summed up in a single word: change”.
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(1.3: Getting Down to Business, 2021)
- Linda Williams
“
Intel Changed Computer Processing
Smaller
Faster
More Efficient
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Change Has Its Risk
The “$15 million watch”.
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(“Long Before Most, Intel Chased The Smart Watch,” n.d.)
2. Factors of Production
The Four Factors That Effect Business
Land
10 Locations
31 Million sq. ft.
Factors of Production
Labor
Over 110,000 Employees
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https://craft.co/intel
(Intel Statistics - Intel Facts, Stats, Trends & Data (2022) | WallStreetZen, n.d.)
Capital
Over 70 Billion Annual Revenue
Factors of Production
Entrepreneurship
Began with $2.5 Million Venture Capitalist Investment
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(Intel Revenue 2006-2020 | INTC, n.d.)
(Thoughtcodotcom, 2019)
3.
Stakeholders
(Alva, 2019)
Stakeholders
Employees
Provide labor
Board of Directors
Elected decision makers
Managers
Oversee daily operations
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Clients/Customers
Those who purchase products and services
Investors/Shareholders
Those who have a financial stake in the company
Suppliers
Provides the materials for goods sold
4.
Functional Components of Business
Components of Business
Marketing
The story of your product or service. The way in which you get attention.
Accountants
Help managers make decisions about budgeting, resource allocation, and performance evaluation
Finance
Oversee raising funds, monitoring cash flow, and assessing the company's debt.
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5.
International Business Environmental Factors
International Business
our office
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(Building the Supply Chain of the Future, n.d.)
Intel works with more than 9,000 tier 1 suppliers in 89 countries
7.
Forms of Business Ownership
Forms of Ownership
Sole Proprietor
A sole proprietorship is a type of unincorporated entity that is owned by one individual only.
Partnership
A partnership is made of two or more persons who share ownership and administration of the company.
Corporation
A corporation is a distinct legal entity that exists independently from the owners of the business.
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LLC
Like a corporation, a limited liability company is a separate legal entity.
S Corp
An S Corporation is meant for smaller businesses. Profits are reported according to ownership shares, and much like in a partnership or a limited liability company, there is no double taxation
B Corp
A Benefit Corporation is a for-profit company that must both benefit the community and generate a profit. Shareholders keep this corporation responsible and help influence its actions.
8. Entrepreneurship
What Is An Entrepreneur?
Creators/Inventors
Produce goods & services
Can be risky
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Risk
Too busy to maintain relationships
Requires constant innovation
Can only blame yourself
Entrepreneur
Opportunity
Unlimited earning potential
Autonomy
Controll the work that you do
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(F.I.R.S.T. Institute, 2016).