On the other hand, the set of resources used in a business activity is known as elements of the organization, entity or institution.
The most important elements that make up a company are classified into specific categories to facilitate the production or exchange of goods and services, these are:
Organizational and strategic
Materials
Intangible
Let's learn more about each of them.
Organizational and strategic elements
This group includes various components number database essential to the operation and management of the company, which go beyond individual personnel and skills. It includes:
Organizational chart : graphic diagram that represents the structure of the company.
Mission : the company's reason for being.
Vision : future direction and desired perception of the company.
Human capital : skills, productivity, experience and staff training.
CEO (Chief Executive Officer) : executive director with the highest responsibility in a company.
Profitability : the ability of a company to generate sufficient profit or gain.
Organizational culture : set of ideas, practices and values that govern the organization.
Planning : forecasting and projection of the company, based on previous experience and data.
Decision making : process of selecting the best alternative to achieve a company's objectives .
Management control : procedures and techniques, especially quantitative, to verify activities and make corrections to improve efficiency.
Evaluation : systems to measure and analyze job performance.
Material elements
These are the visible and tangible resources that occupy a physical space within the company. They include all the goods and equipment that are essential to daily operations:
Raw materials : materials extracted and transformed for the production of other products that become consumer goods.
Movable and immovable property : movable property is property that can be moved from one place to another; immovable property remains in a fixed location.
Products : Goods or services created or produced by the company. In early stages, this may include the minimum viable product (MVP) , designed to minimize the risk of investing in a business idea that is still in the testing phase.
Intangible elements
These elements are neither visible nor tangible, and their existence is based on their legal recognition. The main intangible assets of a company:
Clients : consumers, suppliers or any other third party with whom the company conducts business operations.
Intellectual property rights : patents, trademarks and industrial designs.
Copyright : protects literary, artistic and musical works.