Summary
Grade 11 Business notes/summary on management and entrepreneurship
Detailed business notes/summary on management and entrepreneurship based on textbooks and extra notes taken during class
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Managementand entrepreneurship
Management
Definition: process of accepting accountability for the innovative
application of recourses in order to achieve the businesses goal
Directing a business
Using resources to achieve a business goal
Ensuring business is sustainable
Decisions to survive everchanging environments
Levels of management
Top
Strategic decisions (for future)
Conceptual skills
Integrating different groups
demands
Responsibility for overall
business results and
performance
Middle
Tactical decision (medium
term)
Interpersonal skills
Interoperate top decisions and
the impact it will have on the
departments
Lower
Day to day decisions
(operations)
Technical skills
Ensures following of policies
and procedures
Management tasks
Planning
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