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Lesson 1

Lesson 1. Understanding the Organization of an Agribusiness. Next Generation/Common Core Standards Addressed.

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Lesson 1

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  1. Lesson 1 Understanding the Organization of an Agribusiness

  2. Next Generation/Common Core Standards Addressed • CCSS.ELA Literacy.RST.9‐10.8 Assess the extent to which the reasoning and evidence in a text support the author’s claim or a recommendation for solving a scientific or technical problem. • CCSS.ELA Literacy. RST.11‐12.9 Synthesize information from a range of sources (e.g., texts, experiments, simulations) into a coherent understanding of a process, phenomenon, or concept, resolving conflicting information when possible

  3. Agriculture, Food and Natural Resource Standards Addressed! • CRP.01.02 Evaluate and consider the near-term and long-term impacts of personal and professional decisions on employers and community before taking action. • CRP.01.02.02.a. Classify professional decisions by their near- and long-term impact on employers and community (e.g., decisions involving: financials, business goals, processes, customer satisfaction, corporate image, etc.).

  4. Bell Work - Student Objectives • Define organizing, organization, and organizational structure. • Identify the basic principles of good business organization. • Identify the three functions of management in a business. • Describe a business organizational chart.

  5. Compensation Conglomerate organization Finance Horizontal integration Marketing Organization Organizational chart Organizational structure Organizing Resources Vertical integration Vocabulary

  6. Interest Approach • Bring two students to the front of the room. • Ask each of them which stack they’d like to refile. Why? Explain • Ask students to consider what would happen if a business were as unorganized as that stack of units. • How much work would they get done? • Discuss the importance of an organized locker, book bag, or desk.

  7. Organizing • One of the main components of management. • Without it a business will have difficulty carrying out its mission and plans.

  8. The Organizing Process • Combining people and resources to accomplish a business’s plans.

  9. Five Main Concerns with organizational structure • Division of labor • Delegation of authority • Departmentalization • Span of control • Coordination

  10. Organization • A group of people working together to accomplish specific goals • They may work in a formal structure, such as a scheduled meeting • Or informally, such as before or after work • Both of which are meant to accomplish the same goals

  11. What are the basic principles of a good business organization? • Resources must be available for the business such as: • Facilities • Labor • Equipment • Capital

  12. Efficient Business Operation • The manager is responsible for motivating their employees to work efficiently and use the business’s resources wisely • Employee compensation should be equitable and provide incentives for productivity

  13. Compensation • Compensation is wages or remuneration for work done. • Satisfied employees will provide better service than unhappy employees

  14. Functions of Management • There are three functions of management within any agribusiness • Finance • Operations • Marketing

  15. Finance • Finance is the management of all fiscal transactions within a business. • Fiscal operations include inventory and credit policies that affect the business’s capital requirements

  16. Operations • Operations refer to the products or services a business offers. • The function of the manager is to improve operations by making production more efficient.

  17. Marketing • Marketing includes the distribution, pricing, and advertising of goods and services. • A successful business manager is aware ofwhat the consumer wants.

  18. What is a business organizational chart? • Conceptual presentation of the areas of responsibility and channels of communication within a business.

  19. Ways for a Business to be Organized or Expanded • Federated or centralized • Vertically or horizontally integrated • Conglomerate

  20. Federated and Centralized • Federated and centralized organizations both consist of a company headquarters withseveral local organizations. • Policies and specialized operations are handled by the parent company. • Operating policies are handled by the local organization.

  21. Vertical Integration • Method of business expansion. • Performance of two or more steps in the marketing function by one business

  22. Horizontal Integration • May include many businesses, each of which performs similar marketing functions over a wide area.

  23. Conglomerate Organization • Includes a number of unrelated activities as a means of entering a number of markets.

  24. Review/Summary • Define the following terms • Organizing • Organization • Organizational structure • What are the basic principles of good business organization? • What are the three functions of management in a business? • Describe a business organizational chart.

  25. The End!

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