It unites the efforts of the members in the group and directs them towards attainment of a common objective.Ī Dynamic Function: The business policies and practices of the organization needs to be changed according to the business environment which consists of various social, economic and political factors. The activities include functions like planning, organizing, directing, staffing and controlling.Ī Group Activity: Management is a group activity as it is concerned with the efforts of a group of individuals. These functions should be performed in a systematic and orderly manner and in a proper sequence.
#BUSINESS STUDIES A LEVEL NOTES PDF SERIES#
Management of operations: Every enterprise has some basic product or service to deliver which requires a production process, and a set of operations where the inputs are converted to final product, this is management of operations.Ĭontinuous Process: Management is a continuous process as it consists of a series of interrelated activities. The task of a management is to get things done by individuals as well as groups of people. Human resource or manpower is said to be the biggest asset of an organization.
Management of people: Management unites the efforts of the group of individuals working in the enterprise so that they can work together as a team. A super market exists for the fulfillment of day to day demands of people. For example: A hospital operates for the treatment of patients. Management converts the work to be performed in terms of goals and helps in achieving them. The major purpose is performance of certain works for accomplishment of end results. Management of work: Every enterprise has a purpose behind its existence. Multidimensional: Management has three important dimensions. Its just that the methodology differs but the basics and foundation remains the same. The five activities of management are the same for all the organizations irrespective of economic, social or political boundaries.
It is necessary in all types of organization whether big or small and is performed at every level of authority top, middle or lower. It is fruitless to operate if an organization doesn't have a set goal.Īll Pervasive : Management is a universal process. Hence, we can say management is a goal oriented process. It is through management that the efforts of the people working in the organization are directed towards accomplishment of these objectives. Goal Oriented Process : Every organization has its own set of objectives to achieve as an end result. Optimum use of resources and at minimum cost. It refers to completing the assigned task with minimum wastage and at a minimum cost. To know even further details about Cambridge International AS and A Level Business, Click Here.It refers to the process of completing the assigned task within the given time frame. PastPapers.Co only has past papers available to give you clean and smooth experience for browsing past papers. Check out : Cambridge International AS and A Level Business Past Papers. If you don’t want to mess around here between notes, slides, ebooks etc and just want to have past papers of Cambridge International AS and A Level Business - 9609.
Learners examine the management of organisations and, in particular, the process of decision-making in a dynamic external environment.įrom the 2016 examination series, this syllabus will replace Cambridge International AS and A Level Business Studies (9707). The syllabus covers economic, environmental, ethical, governmental, legal, social and technological issues, and encourages a critical understanding of organisations, the markets they serve and the process of adding value. The Business syllabus enables learners to understand and appreciate the nature and scope of business, and the role it plays in society. Cambridge International AS and A Level Business - 9609 Notes
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