Business Fundamentals are the core principles that form the foundation of any business operation. These include essential concepts related to management, organizational behavior, and corporate ethics.
1. Principles of Management
- Involves planning, organizing, leading, and controlling business activities.
- Helps in setting business goals, making decisions, and improving efficiency.
- Covers management styles, leadership skills, and strategic planning.
- Studies how individuals and groups behave within a business.
- Focuses on motivation, teamwork, leadership, and communication.
- Helps improve workplace productivity and employee satisfaction.
- Business ethics refers to moral principles in decision-making and business operations.
- Corporate governance ensures businesses operate transparently and responsibly.
- Includes topics like social responsibility, legal compliance, and ethical leadership.