BUSINESS MANAGEMENT

Business Management

Business Management

Introduction

The study of the principle of management course has been a real insight to understanding different aspects related to business and how to manage to them to the optimal use. It can easily be said it this stage that students can easily be able to;

- Argue the roles of business in the economy and society

- Comprehend basic business principles, theories and philosophies

- Confer some of the major issues related to business practices such as accounting, finance, marketing, international business and management

- Recognize trends in business (the growth of international business, the significance of small business, the significance of information technology, and the significance of growth in service sectors)

- Make out the significance of ethics and social responsibility for business industries

- Expand decision making skills and motivation techniques in managerial practice

- Add to business communication skills through written projects and oral presentation

Familiarity with a general background and characteristics of business enterprise, atmosphere in which one can relate personal business experience and philosophies, differentiation of many aspects of business functions such as management, organization, personnel, marketing, finance, and ethic are also the in-depth lessons learned in this course.

The essence of learning a business course is to be able to clarify the role of profits in an economic system and realize that what measure can be taken to increase the profits and help strengthening the national wealth.

And yes, it also expanded and enriched my business vocabulary.

Principles of management also created an awareness of the varied career opportunities in business and aid in selecting a vocation or enhance the vocation already selected and the methods and procedures used by people in business to arrive at effective decisions.

With this course, one is able to gain an introduction to the field of management, and to know of sources of information about the field, general characteristics of managers, how their tasks differ, and which factors can lead to success in a management occupation. One can differentiate between entrepreneurial and management tasks.

The most interesting lessons is to be get to know about motivation and how good managers can use motivation theory with a view toward managerial effectiveness and be able to understand how work groups function, and why and how these groups can help or work against the manager, identify some of the factors involved in leadership, leadership styles, and how to use these different styles effectively.

The course also helped me to understand;

- Ways and methods to build effective relationships with superiors and colleagues

- Various kinds of communication that can be used in managing effectively and how to improve communications

- Importance of good planning, the planning process, and some techniques used for effective planning

- How job design and organization can affect both productivity and employee satisfaction

- Certain principles and techniques that can be used to coordinate and supervise work groups effectively

- Passable controls, not only over human, but also the material resources utilized in an enterprise.

Precisely saying the course helps us to be able specify factual knowledge, recall, and general understanding of purposes, functions, ...