The workplace comprises of several components which all the workers in the company draw from. These components are the building blocks that make the business a going concern and as a body worth its salt. If any or all of these components are missing, the ability of the business to deliver on its mandate will be greatly flawed. These components include the following:
1) Vision or business idea: Every business was developed out of an idea which could have arisen from a passion to create and/or offer a product or a service in a way that is different from all other competitors to a select group of people called customers at some benefit to all parties.
2) Visioner (Management): The proponents or the promoters of the business vision are known as the visioner(s) or the management. They have the responsibility of translating the business vision to reality by using all available resources of the organization to meet stated goals. In some cases, the visioner is also the owner of the business while in others; they simply carry out the vision of the owners of the business.
3) Personnel (Workforce): These are employees hired by the organization with definite roles and responsibilities to assist the business owners to fulfill the core mandate of the firm.
4) Time: This involves the normal working hours for which the business will be in operation and for which its workforce will be remunerated for services carried out in order to advance the purpose of the business.
5) Capital: This is equity and debt injection into the company to create liquidity and acquire other resources that will promote the capacity of the business to realize its objectives and goals.
6) Products/Services: These are what the business offer to its customers and partners for which it exist in order to serve their interests.
7) Customers: The different categories of individuals, businesses and organizations who patronize and consume their products/services for mutually beneficial exchange.
8) Relationship/Functions/Roles/Suppliers/Polices: These are defined guidelines drawn to support and create a healthy working relationship in the workplace.
9) Culture: The defined and acceptable way of transacting business, moderating behavior and organizational representation code with various stakeholders.
10) Raw Materials (stores). .
11) Delivery channels.
12) Loan/external financing.
13) Work in process, Etc.