1.1 INTRODUCTION
What is the key focus of business management? The answer to this question in
South Africa is embedded in the free-market system principle. In countries that
function according to the free-market system, business plays a key role in the
satisfaction of our multiple human needs. Management – or the entrepreneur in
the case of a small business – must combine the correct portions of the factors of
production (entrepreneurship, natural resources, labour and capital) available
to them to ensure the effectiveness and efficiency of the business, to make a profit
and to satisfy society’s multiple needs.
1.2 THE SCIENTIFIC FRAMEWORK OF BUSINESS MANAGEMENT
Business management is a particular form of science. Any science must have
an object of research in the prescientifc environment. This object of research is
a precondition for the systematisation of scientific insights. In this regard, two
questions arise. The first question addresses what is to be observed and studied;
the second, from which viewpoint the observation and study will be done. The
problem statement of business management is to maximise productivity. The
business, therefore, is the study object of business management research, which
means that business management is a systematic assimilation of scientific insight
with the objective of maximising rate of return.
Business management can be described as a science that concerns itself with our
profit-oriented market system by studying what a business is, how to establish
the business, and how to manage it in an effective and efficient way to ensure
the highest profit for the business.
Hello, I want you to know about me like, drink alcohol, don't go out at night, I go to a restaurant the day the evening go exercise. Then go home every day. I live in a small town, quiet, comfortable. I want you to know me more. But I can't speak to you. My sister doesn't believe you will love me? Just talk to thank you, still have us to get to know each other better, and be happy.
©2014 Baidu ข้อตกลงแปลภาษา|ส่งข้อเสนอแนะและความคิดเห็น|ความช่วยเหลือ