Business Management Essentials

Business management is 'controlling the coordination and structure of corporate activity'. Though this seems simple, a business is a multi-faceted venture that includes organising, planning, monitoring, controlling resources and motivating employees to meet objectives and goals. The management's primary function is to secure a profit, create valuable and innovative products reasonably cheaply and provide employment opportunities. Business management focuses on satisfying stakeholders, employees and consumers. Every type of business needs managers or leaders; it is a rewarding career. Are you looking to develop your business management skills? This course will introduce you to the different aspects of business management and show you how organisations operate, what they do, how they develop business strategies and why it's essential.

First, we will introduce you to the core concepts of business management and the responsibilities of business owners. You'll learn the difference between an entrepreneur, a business owner and a freelancer. We'll demonstrate how operations managers with strategic, tactical, and operational management help an organisation achieve its objectives. After that, you'll learn about the ten General Accepted Accounting Principles (GAAP) and balance sheet equations corporations use to account for their liabilities, assets, expenses and revenue. We'll explore how performance management can create an atmosphere where employees can perform to their full potential and deliver the highest-quality work most efficiently and effectively. You'll learn how strategy plan pyramid, SWOT analysis and minimum viable product (MVP) assist business managers in setting realistic goals and growing the company's market share and profitability.

Next, we'll delve into the basics of business development and the benefits of creating strategic business alliances. You'll learn about succession planning and how it secures business continuity after key employees retire. All business organisations, big or small, depend on talented business managers. To be a successful business manager, you must have the skills of effective communication, organisation, negotiation, conflict management, time management, knowledge of business ethics and customer service. You will learn these management skills and more. Are you planning to start your own company and become an entrepreneur? Do you want to gain knowledge and confidence to implement new strategies within an established company? Whether new to management or a seasoned manager, this course will help you create, develop, lead and make businesses flourish. So, what are you waiting for? Start now!