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Importance of
Management in
Agribusiness
01
A PRESENTATION ON
2
1
• Sudipta Karmaker
• ID: 21280105
Ex-Professor
Dept. of Agribusiness and Marketing
Bangladesh Agricultural University
2
Agribusiness Management
Course title: ADS 505
Institute of Agribusiness and Development Studies
Bangladesh Agricultural University (BAU)
Presented By, Presented To,
1.Introduction
2.Importance
3.Conclusion
Outline
Agribusiness and
Management
Introduction
4
Definition
Agribusiness is the
business of
agricultural Product
Agribusiness Includes
Breeding Distribution Seed supply
Agrichemicals Processing
Crop
production
Marketing
Farm
machinery
What is Managemnt..?
Process of various function
Planning, Organizing,
Leading and Controlling
7
Control businss to
achieve the objectives.
Includes all activities from
planning to its actual
existence.
8
What is Agri-Business
Managemnt..?
The making of Business Deicssions
For agricultural production
That tend to maximize net income
Match with the operator’s objectives.
9
Importance of
Agribusiness
Mangement
Helps in Achieving Group
Goals
11
Assemble and organize the resources.
Join in the resources in effective manner to achieve
goals.
By defining objective, there would be no wastage of
time, money and effort.
It converts disorganized resources of men,
machines, money etc. into useful creativity.
12
Helps in Achieving Personal
Objectives.
Management not only helps in achieving the organizational
objectives, but also the personal objectives of the employee.
Helps individual to develop spirit of cooperation, commitment,
and team spirit etc.
It helps them to achieve their personal goals as well.
13
Reduces Costs
We can get maximum results through minimum input.
Uses physical, human, and financial resources in such
a manner whose readers in best combination
It helps in cost reduction.
14
Increases Efficiency
Efficiency, increase time. We use fewer resources
(i.e.: inputs) and a few more benefits or Output.
In any organization, import creatures are men,
money, materials, and machinery.
Management uses their inputs efficiently by properly allocating them to
reduce the wastage which and ultimately decrease cost and thus leads to
higher profits.
Optimum Utilization of Resources
15
It utilize all the physical and human resource
productively.
Heat leads to efficacy in management and all the
operations.
It makes use of experts, professionals and these
services leads to use of their skills, knowledges and
proper utilization and avoids wastage.
If employees and machines are producing its
maximum, there is no underemployment of any
resources.
16
Establishes Sound Organization
It establishes effective authority and
responsibility relationship.
Example: who is accountable to whom? Who can
give instruction to whom? Who are superior and
who are subordinates….?
Management fills up various positions with right persons, having right skills,
training, and qualification.
Establishes Equilibrium
2
1 It enables the organization to survive in changing environment.
17
3
It adapts organization to changing demand of market/
changing needs of societies.
It is responsible for growth and survival of organization.
Essential for
Prosperity of Society
18
Efficient management leads to better economical
production, which helps in turn to increase the welfare of
people.
It improves standard of living.
Providing better quality goods and services, generating
employment opportunities, increasing the wealth of the
nation, providing fair wages to the workers, etc.
Organization comes with new products and resources,
beneficial for society.
Effective management helps the organization in fulfilling all
these obligations.
Conclusion
Management of Agri-business makes good profit for
organization as well as it helps achieving objectives of
the organization and ensured the well being of
society.
19
Thank you!
20

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ImportanceofManagementinAgribusiness.pptx

  • 2. A PRESENTATION ON 2 1 • Sudipta Karmaker • ID: 21280105 Ex-Professor Dept. of Agribusiness and Marketing Bangladesh Agricultural University 2 Agribusiness Management Course title: ADS 505 Institute of Agribusiness and Development Studies Bangladesh Agricultural University (BAU) Presented By, Presented To,
  • 5. Definition Agribusiness is the business of agricultural Product
  • 6. Agribusiness Includes Breeding Distribution Seed supply Agrichemicals Processing Crop production Marketing Farm machinery
  • 7. What is Managemnt..? Process of various function Planning, Organizing, Leading and Controlling 7 Control businss to achieve the objectives. Includes all activities from planning to its actual existence.
  • 8. 8 What is Agri-Business Managemnt..? The making of Business Deicssions For agricultural production That tend to maximize net income Match with the operator’s objectives.
  • 10.
  • 11. Helps in Achieving Group Goals 11 Assemble and organize the resources. Join in the resources in effective manner to achieve goals. By defining objective, there would be no wastage of time, money and effort. It converts disorganized resources of men, machines, money etc. into useful creativity.
  • 12. 12 Helps in Achieving Personal Objectives. Management not only helps in achieving the organizational objectives, but also the personal objectives of the employee. Helps individual to develop spirit of cooperation, commitment, and team spirit etc. It helps them to achieve their personal goals as well.
  • 13. 13 Reduces Costs We can get maximum results through minimum input. Uses physical, human, and financial resources in such a manner whose readers in best combination It helps in cost reduction.
  • 14. 14 Increases Efficiency Efficiency, increase time. We use fewer resources (i.e.: inputs) and a few more benefits or Output. In any organization, import creatures are men, money, materials, and machinery. Management uses their inputs efficiently by properly allocating them to reduce the wastage which and ultimately decrease cost and thus leads to higher profits.
  • 15. Optimum Utilization of Resources 15 It utilize all the physical and human resource productively. Heat leads to efficacy in management and all the operations. It makes use of experts, professionals and these services leads to use of their skills, knowledges and proper utilization and avoids wastage. If employees and machines are producing its maximum, there is no underemployment of any resources.
  • 16. 16 Establishes Sound Organization It establishes effective authority and responsibility relationship. Example: who is accountable to whom? Who can give instruction to whom? Who are superior and who are subordinates….? Management fills up various positions with right persons, having right skills, training, and qualification.
  • 17. Establishes Equilibrium 2 1 It enables the organization to survive in changing environment. 17 3 It adapts organization to changing demand of market/ changing needs of societies. It is responsible for growth and survival of organization.
  • 18. Essential for Prosperity of Society 18 Efficient management leads to better economical production, which helps in turn to increase the welfare of people. It improves standard of living. Providing better quality goods and services, generating employment opportunities, increasing the wealth of the nation, providing fair wages to the workers, etc. Organization comes with new products and resources, beneficial for society. Effective management helps the organization in fulfilling all these obligations.
  • 19. Conclusion Management of Agri-business makes good profit for organization as well as it helps achieving objectives of the organization and ensured the well being of society. 19