RNCP 37849 · Business Management

Course Description

Introduction to Business is a course that offers essential information related to the business landscape and business functions (Operations & Production, Marketing, Finance & Accounting, Human Resourced Management, IT). The course has been designed in such a way that it provides to the students the updated information on the business reality which changes very rapidly. At the same time, it provides the necessary information for more advanced courses related to the aforementioned business functions. Through real life examples and case studies, both national and international; the content of this course has been aligned with the contemporary developments in the field of business, and aims to provide the basics for the understanding of business organizations and people who operate them.

Course Objectives

Gain an understanding of the global business environment and the context in which a business operates. Learn about the different types of business, such as entrepreneurship, new ventures, and other types of ownership. Identify the four basic functions of the management process and describe the basic roles and skills managers require. Provide basic knowledge about the main business functions such as management, operations, human resources, marketing, accounting, IT, and finance.

Key Concepts

1. Business Enivronment
2. Business Ethics
3. Corporate Social Responsibility
4. Leadership
5. Management
6. Human Resources
7. Finance
8. Marketing
9. Business structure
10. Organizing

Course Outline

Learning Outcomes

1. Discuss business ideas and findings clearly, both in writing and orally, to diverse audiences.
2. Demonstrate the ability to assess both internal and external business environments, identifying key factors that impact organizational decision-making.
3. Describe and compare various types of business organizations, such as sole proprietorships, partnerships, corporations, and franchises.
4. Identify entrepreneurial opportunities, recognize the challenges of starting a business, and evaluate the resources required for launching a new venture.
5. Develop the ability to define and explain core business concepts, including management, operations, human resources, marketing, accounting, and finance.
6. Gain knowledge of management functions—planning, organizing, leading, and controlling—and apply them to real-life business scenarios.
7. Outline fundamental marketing concepts and develop basic marketing strategies for products or services.
8. Understand financial statements, including balance sheets and income statements, and apply basic financial analysis to assess business performance.
9. Understand business ethics and social responsibility and analyze how companies address these areas in their strategies and operations.
10. Explore the global aspects of business, understanding how international trade, cultural differences, and global markets influence business operations.