Foreign Educator Teaching System

Category: Business Studies

  • Why business needs funds?

    Why a business needs funds To commence business activities To expand business To help survive a loss making business

  • Effective communication

    Effective communication When both sender and receiver know that the information has been conveyed and understood   Consequences of a breakdown in effective communications Frustration Wrong decision implemented  

  • Overcome barriers of communication

    How to overcome the barriers Choosing the suitable medium Keep the message simple and precise Always ask for feedback Positive attitude by both sender and receiver Message should be given in a place where there is no noise

  • Barriers to effective communication

    Barriers to effective communication Physical Noise Attitude Disinterest of either the sender or receiver Technical knowledge The receiver might not understand it Language Might not know the language

  • How Communication takes place?

    How communication takes place Sender Message Medium Receiver Feedback

  • Means of communication

    Different means of communication Internal communication External communication   Concept of communication The exchange of information between people is called communication The exchange of information can be on individual or organizational level   Importance of communication To motivate employees To get the decisions implemented To get feedback

  • Ownership and Control

    Ownership and control In a limited company ownership and control are divided The shareholders own the company The directors and managers control the company Directors have to safeguard the interests of shareholders

  • Functions of Management

    Functions of management Planning Organizing Staffing Directing Controlling

  • Role of Entrepreneur

    Role and function of Entrepreneurship The role of function of entrepreneur is to combine all resources in an effort to make profit A person incurring loss in business is also called a entrepreneur   Risk The entrepreneur takes the risk of his money and time to provide goods and services with the aim of earning…

  • Control, Responsibility, Span of control,Scalar chain and Delegation

    Control and responsibility The organisational structure defines the roles and responsibilities of the people in a company It also shows who has to report to whom   Span of control Span of control is the number of employees who directly report to their superior The number of people a manager directly controls   Scalar chain…