Management

Business Fundamentals
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Principles of Management
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Topic 1

Read Business Fundamentals, Chapters 1 and 2

Read Principles of Management, Chapter 1

Supplemental Videos

Questions to consider

  • Consider how the significance of the Business Eco-System Wheel is an important part of the business while emphasizing the impacts of each the nine spokes.
  • Take the Entrepreneur assessment survey and score it. What are your findings?
  • Consider the difference between a manager and leader. Can you give an example of each?

Topic 2

Read Business Fundamentals, Chapters 10 and 14

Read Principles of Management, Chapter 3

Supplemental Videos

Questions to consider

  • What are the benefits and risks of IS?
  • How do globalisation opportunities and threats help to develop a country’s business?
  • Relate the P-O-L-C Framework to globalisation.

Topic 3

Read Principles of Management, Chapters 4, 5, and 6

Read Business Fundamentals, Chapters 6, 11, and 13

Supplemental Videos

Questions to consider

  • How do vision and mission statements affect the creation of goals and objectives of a business?
  • How do passion and values coincide?
  • What are Porter’s five forces and the analysis of competitors?
  • How is the understanding of the global market playing an active role in production and services?

Topic 4

Read Business Fundamentals, Chapter 4

Read Principles of Management, Chapters 7 and 8

Supplemental Videos

Questions to consider

  • What is the difference between a flat versus tall organisation?
  • Can you describe the levels of organisational culture?
  • Compare and contrast how leaders and managers influence employees resistant to change.

Topic 5

Read Business Fundamentals, Chapters 5 and 8

Read Principles of Management, Chapters 2, 9, 10, and 16

Supplemental Videos

Questions to consider

  • How does developing the right relationships depend on implementing explicit strategies?
  • Mangers are responsible for establishing the type of relationship that is appropriate for each situation. You are the manager: how do you ensure the right relationships?
  • Can you list three different social networks and their advantages?
  • What are the key elements of SHRM?
  • Use the Big Five Personality Traits to explain how a leader would evaluate a candidate for a position at their company.

Topic 6

Read Business Fundamentals, Chapters 3

Read Principles of Management, Chapter 11

Supplemental Videos

Questions to consider

  • Can you explain the difference between the consumer marketing model and business-to-business market model?
  • Compare and contrast individual and group decision making.
  • How can decision making influence the marketing model?

Topic 7

Read Business Fundamentals, Chapter 7

Read Principles of Management, Chapter 12 and 13

Supplemental Videos

Questions to consider

  • Explain the difference of managing a group versus managing a team.
  • Name three different types of communication and what influence each has on management.
  • What is the significance of the input/output transformation model on operations management?

Topic 8

Read Principles of Management, Chapters 14 and 15

Supplemental Videos

Questions to consider

  • Using Maslow’s Hierarchy of Needs, how would you as a manager motivate employees?
  • List three types of control and give an example of when to use each.

Topic 9

Read Business Fundamentals, Chapters 9 and 12

Supplemental Videos

Questions to consider

  • How does financial and managerial accounting influence an organisation?
  • Explain how ethics can affect business.

Topic 10

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