Online Class: Business Management
with CEU Certificate*
have taken this course
We begin by examining the various disciplines and levels in business management and give you hints on how to get a management job in your company. In lesson 2 we cover areas of financial management such as types of capital, debt and equity financing alternatives, a business plan and a budget. Lesson 3 deals with legal and regulatory compliance issues. Human resources and personnel issues are discussed in Lesson 4.
Sales management fundamentals – the sales cycle, customer relationships and pricing – make up lesson 5. We examine the marketing functions (lesson 6) right after sales functions because the two disciplines work hand-in-hand to drive business. Lesson 7 covers some key accounting principles and practices. Inventory control techniques make up Lesson 8, focusing on the role of inventory control, the processes involved and control mechanisms used.
What is Business Management?
What is business management? Generally speaking, the act of managing a commercial enterprise involves the planning, organizing, coordination, control, and leadership of resources toward the goal of fulfilling a need in exchange for compensation. Whether the company consists of many workers or simply the owner, effective management of the business is necessary for success. The disciplines that are common among most companies include the following:
· financial management;
· sales and marketing functions;
· fulfillment and logistics (how the company completes its obligation to its customers);
· customer satisfaction and problem-solving;
· legal and regulatory compliance;
· communication functions;
· technology management.
Companies with employees also require:
· hiring procedures;
· personnel management;
· employer regulatory obligations.
Managers at the top of the company organization, usually known as senior management or upper management, are involved in directing the business. These positions require good leadership skills, along with extensive knowledge of the industry. Navigating the company through changing regulations, complicated labor issues, or increased competition is the primary focus of these individuals. Responsibilities typically include developing strategies, policies, and rules. Senior managers are involved in creating the company's mission, objectives and vision. Activities also include forecasting and planning. Depending on the size of the company, upper management may be responsible for designing the implementation of the policies, practices, and programs of the business.
The next layer of management in sizable companies consists of middle management positions. The primary role for these employees is to lead, control, and motivate divisions of the company and report to upper management. Because their function is more limited in scope within the company, they are not responsible for making broad, directional decisions similar to that of senior management. Middle managers make sure the directions coming from top management are implemented within their divisions.
Below the middle managers on the organizational chart are the department heads or supervisors. Their chief responsibility is to make sure company policies, procedures, and job functions are being followed by frontline workers, who perform the labor activity for the company. This level of management is fairly limited. Typically, they report to middle management and usually perform employee interviews, training, scheduling, discipline, and other responsibilities.
Careers in Management
From accounting to customer service to shipping, businesses are multidisciplinary entities offering a variety of opportunities for management. Most management positions require specialized knowledge, skills, and experience. The right personality characteristics are important as well. For example, an accounting manager should have a good eye for detail. Good managers have two things in common: 1) the ability to get productivity out of their subordinates, or those responsible for the output of company operations; and 2) the ability to manage the demands of those they are responsible to.
A college education is important when applying for a management position. Most corporations require at least a bachelor's degree when considering candidates. Upper level managers regularly hold an advanced degree, such as a master's or other graduate degree. Students can focus on a specific industry and management position as graduate students. Specialized knowledge in business function processes, compliance with regulatory requirements, and industry standards and protocols are all part of most of the business management degree programs.
Landing Your First Management Job
Experts advise those aspiring to become business executives to keep in mind what management actually includes. As mentioned earlier, business management requires skills in five key areas:
- Planning: You must be able to forecast conditions, scenarios, and outcomes and create plans to achieve the goals necessary for success.
- Organizing: You must be able to bring resources together, including personnel, materials, and equipment.
- Motivating: You must be able to encourage employees, provide feedback and support, and increase productivity.
- Control: You must be able to manage processes, monitor productivity, correct deficiencies and problems, report employee productivity, and handle emergencies.
- Leadership: You must be able to develop strategies, share the company's vision, and convince employees to follow your direction.
In light of that, how do you show your company that you are management material?
The first step is to make sure that, whatever job you are performing, you do it well. A command of your responsibilities will show upper management that you can be trusted to execute tasks that are handed to you. A good job performance is critical in rising through the ranks to management.
The next factor will be to demonstrate your ability to plan. Can you look forward, uncover opportunities, and create a plan to meet future objectives? Look at your position and develop ideas to make your job more efficient, or ways to increase the company's value to its customers. Create a formal outline that lists the challenge, the solution, the resources necessary to accomplish the goal, and a timeline for implementing the solution.
Another element for success will be displaying your ability to create effective solutions to workplace challenges. How would you cope with decreased productivity, inefficient systems, or low employee morale? Can you develop systems that increase production or value to the company? Look for opportunities to provide suggestions to management. Make this a key strength when promotions become available.
Finally, you must show that others will follow your lead. Become an example of a valuable employee and an effective team leader. Search for ways to increase your influence on employee output or find opportunities to help in other areas of the business. Increased visibility within the company will elevate your status; other employees will recognize your efforts and respect your work ethic. Once you are respected among your company peers, you will appear to be a good management fit to upper management.
- Completely Online
- Printable Lessons
- Full HD Video
- 6 Months to Complete
- 24/7 Availability
- Start Anytime
- PC & Mac Compatible
- Android & iOS Friendly
- Accredited CEUs
Lesson 1 : Business Basics
Your Career Path, Self-Employment or Employee, Large vs. Small, The Independent Contractor, Internet Opportunities
Opening Your Doors: Startup Needs, Your Storefront, Now You Need Customers 16 Total Points
- Lesson 1 Video
- Lesson discussions: Reasons for Taking this Course
- Complete Assignment: An Introduction
- Complete Assignment: Lesson 1: Basics of Business Management
- Assessment: Quiz for Lesson 1 : Business Basics
Lesson 2 : Financial Management
Borrowing Money: Debt, Equity
Pricing: Setting Price, Discounts / Returns
Budgeting: Fixed Costs, Operating Costs 15 Total Points
- Lesson 2 Video
- Lesson discussions: Financing and Business Planning
- Complete Assignment: Lesson 2: Financing and Significance of Business Planning
- Assessment: Quiz for Lesson 2 : Financial Management
Lesson 3 : Legal and Regulatory Compliance
Compliance Issues: Safety, Discrimination
Regulatory Bodies: Federal Agencies, Interstate / International Regulation 9 Total Points
- Lesson 3 Video
- Lesson discussions: Regulations and Legal Obligations
- Assessment: Quiz for Lesson 3 : Legal / Regulatory Compliance
Lesson 4 : Personnel Management
Pre-Hire, The Interview, Hired – Now What?
Management: Wages, Schedules, Benefits, Personality Differences
Discipline: Warnings, Suspension, Reporting Offenses
Encouragement: Praise, 15 Total Points
- Lesson 4 Video
- Complete Assignment: Lesson 4: Basics of Human Resources Management
- Assessment: Quiz for Lesson 4 : Personnel Management
Lesson 5 : Sales Management
- Lesson 5 Video
- Assessment: Quiz for Lesson 5 : Sales Management
Lesson 6 : Marketing Practices
- Lesson 6 Video
- Complete Assignment: Lesson 6: Marketing a Product
- Assessment: Quiz for Lesson 6 : Marketing Practices
Lesson 7 : Accounting Principles
- Lesson 7 Video
- Complete Assignment: Lesson 7: Accounting or Record Keeping
- Assessment: Quiz for Lesson 7 : Accounting Principles
Lesson 8 : Inventory Control
- Lesson 8 Video
- Assessment: Quiz for Lesson 8 : Inventory Control
Lesson 9 : Taxes and Your Business Organization
- Lesson 9 Video
- Complete Assignment: Lesson 9: Taxes and Organizational Structure
- Assessment: Quiz for Lesson 9 : Taxes and Your Business Organization
Lesson 10 : Fulfillment
- Lesson 10 Video
- Assessment: Quiz for Lesson 10 : Fulfillment
Lesson 11 : Information Technology
- Lesson 11 Video
- Lesson discussions: Course Curriculum; Program Evaluation Follow-up Survey (End of Course); Course Comments
- Assessment: Quiz for Lesson 11 : Information Technology
- Assessment: The Final Exam
- Describe the basic functions needed to run a business.
- Describe financial management systems within a business.
- Describe personnel management within a business.
- Summarize sales management within a business.
- Describe common marketing practices within a business.
- Describe the accounting principles of a business.
- Describe inventory control, fulfillment, taxes, and organization of a business.
- Describe the critical role of Information Technology in a business.
- Demonstrate mastery of lesson content at levels of 70% or higher.
Additional Course Information
- Document Your Lifelong Learning Achievements
- Earn an Official Certificate Documenting Course Hours and CEUs
- Verify Your Certificate with a Unique Serial Number Online
- View and Share Your Certificate Online or Download/Print as PDF
- Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
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|Time to complete||6 months|
|No. of courses||1 course|
Certificate & CEUs
This course only
|Time to complete||6 months|
|No. of courses||1 course|
Certificates & CEUs
Includes all 600+ courses
|Time to complete||12 Months|
|No. of courses||600+|
Certificates & CEUs
Includes all 600+ courses
|Time to complete||24 Months|
|No. of courses||600+|
- "Instructor was very helpful in notifying of us of our grade immedietly after completing, this let me know how I was doing and what progress I was making." -- Robert B.
- "Very good instructor, thank you." -- David H.
- "All parts were helpful because they pertain to my job and what am currently doing. It has motivated me and improved my working skills." -- Geoffrey C.
- "I enjoyed doing this course." -- Adriana T.
- "All parts were well covered." -- Jerotich S.
- "All parts helped me understand Business Management." -- Dawn C.
- "It is a really good introduction course...It gives you good insights about general business management." -- Gokce C.
- "I enjoyed taking the class. The instructor graded lessons quick, and was always available." -- Darnell B.
- "All of this course was helpful to me, it added to my knowledge." -- Gakunga G.
- "Very cooperative and friendly!" -- Jobharrison M.
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