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Summary - Business Studies

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Comprehensive Grade 12 IEB General Management and Corpprate Governance notes, written by a top-achieving matriculant who scored above 90%. These clear, concise, and well-structured notes cover all key concepts to help you excel in your studies and exams. Perfect for mastering the IEB syllabus with ...

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  • January 15, 2025
  • 5
  • 2023/2024
  • Summary
  • 200
avatar-seller
allwithin
overseeing coordinating activities anorganisationtoensurethatitoperatesefficientlyandeffectively
entrepreneurcombines of
factors production raw
capital to
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business
General CEO
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identifies
of
risk starting by
business investing make
c apitalto profit
pop
term
tacticalmedium MIDDLE FunctionalManager intrapreneur inside
e ntrepreneur


LOWER
works within
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usesentrepreneurialqualities to
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Floormanager operational day
day new profitableideas
implements withapprovalof m anagers




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ability

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1 Planningensuresactionsaregearedtowardsdesiredoutcome flexible adaptable contingency
plans


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receive topmanagersduringplanning implementation also
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used
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goal

, organisation arrangeactivitiesso
allresourcescontributetobusiness
of
factors production andworkingcapital raw
e mployees materials inventory
3Leadingensureguidancesupportisgiventoemployees guidedtocheivegoalsofbusinessaswellaspersonalgoals
allfunctional are
tasks interdependent goodleadermaintains balance
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being andpeopleorienteduseappropriateleadershipmanagementstyle
oriented
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functional receives
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i nstructions more onesupervisor
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subordinates provide acceptanceco
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ormanager mayleadtoconfusion conflict respects supports
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recogniseemployees criticism
constructive privately




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step7set so
standards expectations are clear thateverybodyworks
ensures towards common created
goal synergy i ndividualsteams departments
between

step2 actual is
performance measured

steps ifdeviation
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must
they
standards

6 communication ensurescoordinationbylettingworkersknowexactlywhatisexpectedfromthem
2waycommunicationbuilds can
relationships workers informmanagementabout eideas
problems

deegating reduceworkloadofsenioremployees propercommunicationimprovesoverallp erformance.ie evantpeopleinformedaboutfactsifandwhentheyneedthe information
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