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Preliminary Business Studies / Topic : Business Management

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Yr 11 Preliminary Business Studies / Topic : Business Management / Revision Summary Notes

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28 Pages Complete Study Notes < 1 Year old
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Topics this document covers:
Management Business Economy Structure Performance management Organizing Telecommuting Human resources Time management Change management Industrial and organizational psychology Organizational ethics
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Management Business Economy Structure Performance management Organizing Telecommuting Human resources Time management Change management Industrial and organizational psychology Organizational ethics
Sample Text:
In the world of business, just as in your personal life, management is a fundamental activity It is what makes the business function Traditional definition Management (traditional) is the process of coordinating a business’s resources to achieve its goals - Human resources o Employees o Employees are an important asset to the business - Information resources o Knowledge and data required by the business ▪ Market research ▪ Sales report ▪ Economic forecasts ▪ Technical material ▪ Legal advice - Physical resources o Equipment o Machinery o Buildings o Raw materials - Financial resources o Funds a business uses to meet its obligations to various creditors Manager is someone who coordinates the business’s limited resources to achieve speci...
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