Business Management
Nikki Olu
Intel2.pptxIntel Corporation
1.
Human Resource Theory
Cost Objectives of Human Resource Management
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(HR Theories, n.d.).
HR departments can help businesses manage costs by measuring the effectiveness of benefits, training, and employee turnover.
Human resource management is the practice of finding and employing new people to fill positions in a company.
Human Resource Management focuses on how to make sure that employees aren't overloaded while still giving them enough to do.
HRM (Leveraging Potential)
HR must balance the needs of employees with those of the employer. Overworking employees can lead to burnout and absenteeism.
Human resource departments develop policies governing the employment of new personnel.
The ability of a corporation to manage its people is the most crucial part of its operation.
4
(HR Theories, n.d.).
2. Human Resource Management
Staffing
Hiring staff is an important part of human resources management. This includes developing a staffing plan, developing policies to encourage diversity, and recruiting new employees.
Human Resource Management
Workplace Policies
Every organization has policies to ensure fair treatment and continuity within the organization. These policies include the employee handbook, benefits, compensation, diversity, etc.
6
(Chai, 2020)
Compensation & Benefits
Compensation covers everything an employee gets for his or her work, including salary, benefits, bonuses, stock options, etc.
Employee Retention
Retention is important because employee turnover costs companies millions every year. Managers should focus on retaining their best employees by making sure they feel valued, appreciated, and challenged.
Hiring
Employees are hired based on their qualifications and prior work experience.
Human Resource Management
The Goal
The ability of a corporation to manage its people is the most crucial part of its operation. This involves everything from hiring new staff to training them, keeping them satisfied, and terminating them as required.
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(Chai, 2020).
3.
Marketing
Marketing
Activities
Marketing is comprised of the activities of advertising, selling, and delivering things to clients and a marketing campaign is a coordinated effort to promote the sale of a product or service
Process
Marketing is the process of promoting a product or service using various communication channels.
Relationships
Marketing is establishing relationships with prospective or existing clients, writing thank-you notes, responding to phone calls and emails quickly, and meeting with clients over coffee or lunch to discuss business.
9
(Twin, 2021).
4.
The Four P’s of Marketing
Four P’s of Marketing
Product
Refers to an item or service that a corporation intends to provide for sale to customers.
Price
Relates to the amount of money it will be sold for.
Place
Referred to as its distribution location.
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Promotion
An action that is intended to raise awareness of a particular brand, product, service, or idea through increased public exposure.
(Twin, 2021).
5.
Importance of Technology In Business
Technology In Business
Connect
Businesses can connect with their clients more efficiently and effectively thanks to technological advancements.
Methods
Businesses interact with their consumers in a variety of ways including email, video conferencing, texts, and websites.
Safety
Technology may be utilized to protect corporate data, financial information, and the secrecy of company choices in a safe and secure environment.
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(Importance of Technology in Business, 2020).
6.
Business Accounting
What they do
Accountants are responsible for the processing of bills, the preparation of checks, and the recording of transactions.
Business Accounting
Qualifications
Before being able to practice, a management accountant must complete a certification examination. Accountants can be classified into three categories: certified internal auditors, certified management accountants, and certified public accountants (CPAs).
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(Tuovila, 2020)
What they do
Accountants also conduct audits of businesses and government organizations to ensure that everything is in compliance with the law.
Business Accounting
How they help
Assist consumers in completing their tax returns and provide advice on how to save money.
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(Tuovila, 2020)
7. Stocks, Securities, Bonds, and the risks.
Stocks
“Share" refers to a unit of stock.
Stock can be defined as equity and is a financial instrument that reflects ownership of a portion of a company.
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(Downie, 2021)
The Risk
Bonds are not insured by the United States government, and as a result, they entail a higher level of risk than stocks.
Bonds
The Reward
A callable bond allows investors to purchase them at a discount and subsequently sell them at a higher price before the bond's maturity date
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(Curtis, 2017)
What Is It?
Security futures contracts are agreements to acquire or sell assets at a future date.
Securities
Equity Securities
Represent ownership interests held by shareholders in an enterprise. Equity securities include shares of both common and preferred stock.
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(Kenton, 2019)
Debt Security
Represents borrowed money.
Hybrid securities
combine some of the characteristics of both debt and equity securities, such as options and warrants.
Risks
Compound positions can be just as risky as a single long position in the stock market. Computer system failures can result in trading halts, and news regarding the company that issues the stock can generate large movements in the price of the stock, among other things.
(Security Futures..., n.d.)
Works Cited
HR Theories. (HR Theories, n.d.). Peoplehum. https://www.peoplehum.com/glossary/hr-theories
Chai, W. (Chai, 2020). What is Human Resource Management (HRM)? https://www.techtarget.com/searchhrsoftware/definition/human-resource-management-HRM
University of Minnesota (University of Minnesota, 2016) 1.1 What Is Human Resources? Umn.edu; https://open.lib.umn.edu/humanresourcemanagement/chapter/1-1-what-is-human-resources/
Twin, A. (Twin, 2021). Marketing. Investopedia. https://www.investopedia.com/terms/m/marketing.asp
Importance of Technology in Business. (Importance of Technology in Business, 2020). Market Business News. https://marketbusinessnews.com/importance-of-technology-in-business/241669/
Tuovila, A. (Tuovila, 2020). Accounting. Investopedia. https://www.investopedia.com/terms/a/accounting.asp
Downie, R. (Downie, 2021). 4 Real Risks of Investing (and What to Do About Them). The Motley Fool. https://www.fool.com/investing/2021/08/07/4-real-risks-of-investing-and-what-to-do-about-the/
Curtis, G. (Curtis, 2017). Six biggest bond risks. Investopedia. https://www.investopedia.com/articles/bonds/08/bond-risks.asp
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Works Cited
Kenton, W. (2019). Security. Investopedia. (Kenton, 2019) https://www.investopedia.com/terms/s/security.asp
Security Futures—Know Your Risks, or Risk Your Future | FINRA.org. (Security Futures..., n.d.). https://www.finra.org/investors/learn-to-invest/types-investments/security-futures
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