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Course Syllabus: Business Management

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Course Description

Introduction to Fundamentals of Business Management

The world of business management offers an array of career opportunities unparalleled among income earning possibilities. Industries from mining to waste disposal have management-level positions in many companies. Business management requires a combination of skills and knowledge, coupled with good judgment and leadership qualities. There are several fundamental aspects of operating a business – whether you run your own small business or hold a management position in a national corporation – that a manager should be aware of.  Our course takes you through some of the various requirements you may encounter while managing a business.

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.

Lesson 9 "Taxes and Your Business Organization" delves into types of organization and some key business tax requirements. Order fulfillment follows the purchase from sales inquiry to delivery in Lesson 10, and explains how fulfillment is important to customer relationships.  We finish with lesson 11 explaining the importance and function of information technology. Once completed, you will have a basic understanding of how to manage a business.

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Goals

  • Lesson 1 : Business Basics
  • Lesson 2 : Financial Management
  • Lesson 3 : Legal / Regulatory Compliance
  • Lesson 4 : Personnel Management
  • Lesson 5 : Sales Management
  • Lesson 6 : Marketing Practices
  • Lesson 7 : Accounting Principles
  • Lesson 8 : Inventory Control
  • Lesson 9 : Taxes and Your Business Organization
  • Lesson 10 : Fulfillment
  • Lesson 11 : Information Technology

Course Materials

All course material will be provided in the lessons and netlinks. There are no required materials to purchase before taking the class.

Grading Policy

Each lesson will include a lesson review quiz along with one or two assignments. Students will successfully complete this course with 70% or better.

Learning Outcomes

By successfully completing this course, students will be able to:
  • 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, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Assessment Guide

An IntroductionAssignment1
Lesson 1: Basics of Business ManagementAssignment25
Quiz for Lesson 1 : Business BasicsExam10
Lesson 2: Financing and Significance of Business PlanningAssignment25
Quiz for Lesson 2 : Financial ManagementExam10
Lesson 3: Regulations and Legal Obligations for a Business Firm.Assignment25
Quiz for Lesson 3 : Legal / Regulatory ComplianceExam9
Lesson 4: Basics of Human Resources ManagementAssignment25
Quiz for Lesson 4 : Personnel ManagementExam10
Lesson 5: Overview of Sales ManagementAssignment25
Quiz for Lesson 5 : Sales ManagementExam10
Lesson 6: Marketing a ProductAssignment25
Quiz for Lesson 6 : Marketing PracticesExam9
Lesson 7: Accounting or Record KeepingAssignment25
Quiz for Lesson 7 : Accounting PrinciplesExam10
Lesson 8: Role of Inventory ManagementAssignment25
Quiz for Lesson 8 : Inventory ControlExam5
Lesson 9: Taxes and Organizational StructureAssignment25
Quiz for Lesson 9 : Taxes and Your Business OrganizationExam9
Lesson 10: Filling an OrderAssignment25
Quiz for Lesson 10 : FulfillmentExam10
Lesson 11: Role of IT in ManagementAssignment25
Quiz for Lesson 11 : Information TechnologyExam9
The Final ExamExam52
Total Points:429
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