Business Management Introduction

Studying business and management allows you to build up a good understanding of business organizations and give you the knowledge of the subject-specific areas such as customers, markets, operations, finance, information, communication, technology, business policy, and strategy.

Business Management does not show its concern only to improve the individual activities and their performance but it deals with the management of the entire chains of activities, events, and decisions which are benefited for a company and its consumers.

The unit provides a broad overview of understanding that what is the business management and how is it helpful in the progress of a business. It also describes the differences among the business owner, entrepreneur, and freelancer.

On the completion of this unit, learners will be equipped to identify how to design an organizational structure and what should be the organizational structure for a small business.