Online Class: Business Management

A comprehensive guide to the essentials of business management, this course delves into financial, legal, and personnel strategies, preparing students for the challenges of modern enterprises. It combines theoretical knowledge with hands-on practices, fostering skills necessary for career success in diverse industries.

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$120.00
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$120.00 (with CEU Certificate)
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  • 11
    Lessons
  • 19
    Exams &
    Assignments
  • 78
    Students
    have taken this course
  • 9
    Hours
    average time
  • 0.9
    CEUs
 
 
 

Course Description

Introduction to Business Management

In today's rapidly evolving global economy, the field of business management presents an expansive and dynamic spectrum of career possibilities. Ranging from the depths of the mining industry to the intricate processes of waste disposal, nearly every sector demands proficient managers to oversee operations, ensuring profitability and growth.

Business management isn't just about overseeing tasks—it's an intricate dance of marrying analytical prowess with people skills, of understanding numbers as well as narratives. It's about leading teams with vision, making informed decisions, and navigating the challenges that come with running a venture, be it a small startup or a sprawling multinational corporation. Our course is meticulously designed to give you insights into the multifaceted world of business management, empowering you to stand out and succeed.

Course Overview:

  1. Business Basics (Lesson 1): Dive into the foundational elements of business. Understand the broader ecosystem, identify key players, and grasp the nuances of what makes a business tick.

  2. Financial Management (Lesson 2): Explore the heartbeat of any business—the finances. Discover the distinction between various forms of capital, learn the intricacies of debt versus equity financing, and grasp the importance of a well-structured business plan and a meticulously prepared budget.

  3. Legal and Regulatory Compliance (Lesson 3): In a world where businesses operate within legal frameworks, it's crucial to be aware of regulatory mandates. This lesson will guide you through essential legal considerations, ensuring that your venture remains compliant and protected.

  4. Personnel Management (Lesson 4): People are the lifeblood of any organization. Understand human resource strategies, the art of hiring, training, and retaining talent, and cultivate an environment that fosters growth and productivity.

  5. Sales Management (Lesson 5): Sales are the pillars of revenue. Delve into the sales cycle, nurture customer relationships, and master the art of pricing to drive profitability.

  6. Marketing Practices (Lesson 6): In the digital age, marketing has taken center stage. Grasp how sales and marketing functions synergize, learn contemporary marketing strategies, and engage customers like never before.

  7. Accounting Principles (Lesson 7): Financial accountability is paramount. Get acquainted with key accounting practices, financial statements, and tools that will ensure your business's fiscal health.

  8. Inventory Control (Lesson 8): Inventory management can make or break a business. Learn about inventory processes, effective control mechanisms, and ensure that supply meets demand.

  9. Taxes and Your Business Organization (Lesson 9): Taxation, often seen as intricate, is demystified in this lesson. Understand various business organizational structures and navigate tax requirements efficiently.

  10. Fulfillment (Lesson 10): Every sale is a promise. Learn the process from sales inquiry to delivery, ensuring customer satisfaction and building lasting relationships.

  11. Information Technology (Lesson 11): In our interconnected world, IT is the backbone of modern business. Grasp the significance of IT, its applications in business, and stay ahead in this digital era.

Additional Features: Each lesson comes equipped with assignments, exams, netlinks, and documents, ensuring a comprehensive learning experience. Engage with polls and surveys to provide feedback, aiding in continuous improvement of our curriculum.

By the culmination of this course, you'll not just have a theoretical understanding, but a practical grip on the essentials of business management. Enroll now and take a leap into the fascinating world of business, equipped with knowledge, skills, and confidence!

  • Completely Online
  • Self-Paced
  • Printable Lessons
  • Full HD Video  
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 
 

Course Lessons

Average Lesson Rating:
4.48 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(2,489 votes)

Lesson 1. Crafting Future Leaders: The Essentials of Business Management

Business management requires a combination of leadership, planning, organizing, and problem-solving skills to steer companies towards success. From small businesses to large enterprises, management is vital for coordinating resources and maximizing productivity, with roles varying across different organizational levels. 16 Total Points
  • Lesson 1 Video
  • Lesson discussions: Reasons for Taking this Course
  • Complete Assignment: An Introduction
  • Complete Assignment: Lesson 1: Basics of Business Management
  • Assessment: Quiz for Lesson 1 : Business Basics

Lesson 2. Capital Exploration: From Start-up to Growth

Creating a detailed business plan is a strategic roadmap that highlights the company's objectives, financial health, and operational blueprint, helping to attract investors and secure necessary funding. With a focus on sustainability, the plan should address both immediate and long-term financial needs to ensure the company's ability to cover debt obligations through fluctuating periods. 15 Total Points
  • Lesson 2 Video
  • Lesson discussions: Financing and Business Planning
  • Complete Assignment: Lesson 2: Financing and Significance of Business Planning
  • Assessment: Quiz for Lesson 2 : Financial Management

Lesson 3. Business Compliance Essentials

Business managers must navigate a complex legal landscape, including compliance with various laws affecting employment, environmental practices, and contracts to operate ethically and successfully. Knowledge of these laws, alongside expert legal counsel, is crucial for effective management and mitigating risks. 9 Total Points
  • Lesson 3 Video
  • Lesson discussions: Regulations and Legal Obligations
  • Assessment: Quiz for Lesson 3 : Legal / Regulatory Compliance

Lesson 4. Efficient HR Practices

Effective personnel management is essential for businesses with more than one employee, entailing tasks like scheduling, payroll, and compliance with employment laws. Companies, large and small, must address hiring, orientation, and employee management while navigating federal and local regulations. 15 Total Points
  • Lesson 4 Video
  • Complete Assignment: Lesson 4: Basics of Human Resources Management
  • Assessment: Quiz for Lesson 4 : Personnel Management

Lesson 5. Mastering the Art and Science of Sales Management

Sales management is crucial for business survival, treating sales as both an art and science, with managers ensuring their teams excel in various sales techniques across B2B and B2C landscapes. Effective use of data analysis and customer relationship management supports the development of long-term customer relationships and increases sales efficiency. 10 Total Points
  • Lesson 5 Video
  • Assessment: Quiz for Lesson 5 : Sales Management

Lesson 6. Niche Marketing Secrets: Connecting with Specific Audiences

Marketing serves to attract new customers, boost purchase amounts, and increase purchase frequency by embedding solid research into campaign strategies. Customer loyalty programs, such as memberships and incentives, help businesses achieve sustainable growth. 14 Total Points
  • Lesson 6 Video
  • Complete Assignment: Lesson 6: Marketing a Product
  • Assessment: Quiz for Lesson 6 : Marketing Practices

Lesson 7. Mastering Financial Statements

Financial accounting is guided by principles like GAAP and involves creating key documents that assess a company's financial well-being. Accurate record-keeping through balance sheets and cash flow statements helps business managers make informed decisions and maintain transparency with stakeholders. 15 Total Points
  • Lesson 7 Video
  • Complete Assignment: Lesson 7: Accounting or Record Keeping
  • Assessment: Quiz for Lesson 7 : Accounting Principles

Lesson 8. The Crucial Balance: Managing Inventory to Minimize Costs and Improve Efficiency

Effective inventory management is the backbone of any product-based business, ensuring timely delivery, cost efficiency, and adequate stock levels to meet customer demands. By employing techniques like MRP and styles like FIFO and LIFO, businesses can optimize their storage processes and improve profitability while mitigating risks of being understocked or overstocked. 5 Total Points
  • Lesson 8 Video
  • Assessment: Quiz for Lesson 8 : Inventory Control

Lesson 9. Choosing the Right Tax Structure for Your Business

Various business organizations have different tax advantages, liabilities, and structures, including sole proprietorships, partnerships, corporations, and nonprofits, each suited for different legal and business requirements. The lesson advises that tax topics like payroll and capital asset management demand professional help due to their intricate nature and constantly evolving regulations. 14 Total Points
  • Lesson 9 Video
  • Complete Assignment: Lesson 9: Taxes and Organizational Structure
  • Assessment: Quiz for Lesson 9 : Taxes and Your Business Organization

Lesson 10. Navigating the Fulfillment Process: From Order to Delivery

Order fulfillment is a multifaceted journey from customer inquiry to delivery, fundamentally shaping customer experiences and satisfaction. Companies aim to automate and perfect this process to enhance customer loyalty and operational success. 10 Total Points
  • Lesson 10 Video
  • Assessment: Quiz for Lesson 10 : Fulfillment

Lesson 11. Maximizing Business Efficiency through Information Technology and Automation

Enterprise operations hinge on robust IT systems that unify disparate functions through networks like LAN, WAN, and WLAN, supporting both internal processes and customer interactions. Through network-connected terminals and databases, businesses achieve streamlined information-sharing and decision-making. 61 Total Points
  • Lesson 11 Video
  • Lesson discussions: Course Curriculum; Program Evaluation Follow-up Survey (End of Course); Course Comments
  • Assessment: Quiz for Lesson 11 : Information Technology
  • Assessment: The Final Exam
184
Total Course Points
 

Learning Outcomes

By successfully completing this course, students will be able to:
  • Describe the basic functions needed to run a business.
  • Describe financial management systems within a business.
  • Describe personnel management within a business.
  • Summarize sales management within a business.
  • Describe common marketing practices within a business.
  • Describe the accounting principles of a business.
  • Describe inventory control, fulfillment, taxes, and organization of a business.
  • Describe the critical role of Information Technology in a business.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
 
Course Title: Business Management
Course Number: 7550322
Lessons Rating: 4.48 / 5 Stars (2,489 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: This course is offered online and is accessible in every state across the U.S., including California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. Learners in English-speaking countries like Canada, Australia, the United Kingdom, and South Africa can also enroll.
Last Updated: December 2023
Course Type: Self-Paced, Online Class
CEU Value: 0.9 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Syllabus: View Syllabus
Course Fee: $120.00 U.S. dollars

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Student Testimonials

  • "Instructor was very helpful in notifying of us of our grade immedietly after completing, this let me know how I was doing and what progress I was making." -- Robert B.
  • "Very good instructor, thank you." -- David H.
  • "All parts were helpful because they pertain to my job and what am currently doing. It has motivated me and improved my working skills." -- Geoffrey C.
  • "I enjoyed doing this course." -- Adriana T.
  • "All parts were well covered." -- Jerotich S.
  • "All parts helped me understand Business Management." -- Dawn C.
  • "It is a really good introduction course...It gives you good insights about general business management." -- Gokce C.
  • "I enjoyed taking the class. The instructor graded lessons quick, and was always available." -- Darnell B.
  • "All of this course was helpful to me, it added to my knowledge." -- Gakunga G.
  • "Very cooperative and friendly!" -- Jobharrison M.
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