Explain the concept of business. List and explain the four factors of production required to sustain a business. (main point 1)
Identify business stakeholders and describe their relationship with business organizations.
Identify the external forces that shape the business environment ( main point 2)
Identify the primary functional areas within a business, identify key people and explain the activities within each functional area ( main point 3) understand how the global business environment operates, explain how business and nations trade( main point 4)
Understand how the global business environment operates, examine why businesses and nations trade, identify the internal and external forces that makes up the global marketplace (main point5)
Understand what SWOT Analysis is, learn how SWOT Analysis can help organizations and individuals, and its limitations. Understand the different legal forms of business, explore the factors associated with selecting the various forms of business ownership( main point 6)
Define small businesses and entrepreneurship, provide perspective on the opportunity and the risks., learn the steps involved in creating a “ business plan”( main point 7)
Describe the roles and responsibilities of management at different levels, and associate various management skills.
Identify three primary categories of management skills- technical, conceptual, and human. Be familiar with the implications of trends that affect management ranks and globalization. Understand the basis for motivation and learn how motivational approaches work in the business environment (main point 8).
Conclusion- summarize the highlight of your essay using scholarly I text citations of research materials.
