THIS PROGRAM TEACHES ABOUT ALL ASPECTS OF BUSINESS, AND PROVIDES THE SKILLS AND KNOWLEDGE NEEDED TO ENSURE MANAGERIAL AND ADMINISTRATIVE EFFICIENCY IN BUSINESS, AND THE COMPETENCE TO OPERATE PROFITABILITY IN THE MODERN INDUSTRIAL AND COMMERCIAL BUSINESS WORLD.
Success in business today depends on much more than just the ability to produce or sell products. A modern business manager or administrator must also be proficient in managing finance, business resources, accounts, human resource, purchasing, marketing, stock control, office organisation and control, computerisation, communications, and very much more. This Program is designed to train existing, new and future managers to run businesses successfully, and provides the foundation for any successful career involving business, management or administration; it is essential for anyone seeking administrative or managerial posts, and for people running businesses or in management positions.
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Module 1 - Planning and Forecasting
- Business objectives, planning and forecasting in business, policies, profit
- The business plan; competition, location, knowledge, skills, market potential.
- The business environment, public, private and trading enterprises, types of businesses, brands
- Sole-proprietor businesses, partnership firms, limited liability companies, directors
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Module 2 - Capital & the Financing of Businesses
- Common financial terms, the meaning of capital, funds forecasts
- Raising capital for sole-proprietor businesses, partnerships and companies, shares
- Income, expenditure, overheads, depreciation, cash and funds flows
- Control by management over working capital, cash, debtors, stocks, creditors, liquidity
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Module 3 - Factors to be Considered in Starting a Business
- Initial capital needed, reserves, capital and the ownership of a business
- Assessing market potential, market research, test marketing, competition
- Using knowledge and experience, location of businesses, products and customers, special facilities
- Factors in taking over a business, its real value, goodwill, sale agreement, renting premises, leases
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Module 4 - Business Organisation & Communication in Business Management
- Delegation of responsibility, benefits of delegation, business expansion, re-organising the business Spans of control, types of organisational structure, organisation charts
- Internal, external, vertical and horizontal communications, communication channels, two-way flow
- Effect of good communications on employees, managers and customers, effective communication
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Module 5 - Budgets, Budgeting & Pricing Policy
- Budgeting, budgetary control, purposes and importance, preparation, limiting factors
- Sales budgets, production budgets, other sub-budgets, the master budget
- Pricing policy and factors effecting prices set, costs, demand, competitors, buyers, the product
- Standards in business, how and why they are set, ideal and attainable standards