BUSINESS MANAGEMENT 1A MODULE GUIDE 2014 (First …

IIE Module Guide

BMNG5111

BUSINESS MANAGEMENT 1A MODULE GUIDE 2014 (First Edition: 2012)

This manual enjoys copyright under the Berne Convention. In terms of the Copyright Act, no 98 of 1978, no part of this manual may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any other information storage and retrieval system without permission in writing from the proprietor.

The Independent Institute of Education (Pty) Ltd is registered with the Department of Higher Education and Training as a private further and higher education and training institution under the Further Education and Training Colleges Act, 2006 (reg. no. 2009/FE07/003, prov. to 31/12/2014) and the Higher Education Act, 1997 (reg. no. 2007/HE07/002).

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DID YOU KNOW?

Student Portal

The full-service Student Portal provides you with access to your academic administrative information, including: an online calendar, timetable, academic results, module content, financial account, and so much more!

Module Guides or Module Manuals

When you log into the Student Portal, the `Module Information' page displays the `Module Purpose' and `Textbook Information' including the online `Module Guides or `Module Manuals' and assignments for each module for which you are registered.

Supplementary Materials

For certain modules, electronic supplementary material is available to you via the `Supplementary Module Material' link.

Module Discussion Forum

The `Module Discussion Forum' may be used by your lecturer to discuss any topics with you related to any supplementary materials and activities such as ICE, etc.

To view, print and annotate these related PDF documents, download Adobe Reader at following link below:

products/reader.html

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IIE Library Online Databases

The following Library Online Databases are available to you. Please contact your librarian if you are unable to access any of these.

EBSCOhost

This database contains full text online articles. User name and password: Please ask the librarian

Inmagic

The Online Public Access Catalogue. Here you will be able to search for books that are available in all the IIE campus libraries. No password required

SABINET

This database will provide you with books available in other libraries across South Africa. User name and password: Please ask the librarian

e-Brary

This database provides access to full text online books, some of which form part of the IIE recommended reading lists. Password: Use your Student Number

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Table of Contents

DID YOU KNOW? ..................................................................................................... 2 Using this Guide ........................................................................................................ 6 Introduction ............................................................................................................... 7 Module Resources .................................................................................................... 8 Module Purpose ........................................................................................................ 8 Module Outcomes ..................................................................................................... 8 Module Pacer ............................................................................................................ 9 Assessments........................................................................................................... 15 Glossary of Key Terms for this Module .................................................................... 17 Learning Unit 1: The Business World and Business Management........................... 27 1 Key Concepts Covered in this Learning Unit .................................................... 27 2 Recommended Additional Reading .................................................................. 33 3 Recommended Digital Engagement and Activities ........................................... 33 4 Interactive Work Space .................................................................................... 33 Learning Unit 2: Entrepreneurship ........................................................................... 36 1 Key Concepts Covered in this Learning Unit .................................................... 36 2 Recommended Additional Reading .................................................................. 46 3 Recommended Digital Engagement and Activities ........................................... 47 4 Interactive Work Space .................................................................................... 48 Learning Unit 3: Establishing a Business................................................................. 50 1 Key Concepts Covered in this Learning Unit .................................................... 50 2 Recommended Additional Reading .................................................................. 59 3 Recommended Digital Engagement and Activities ........................................... 60 4 Interactive Work Space .................................................................................... 60 Learning Unit 4: The Business Environment............................................................ 63 1 Key Concepts Covered in this Learning Unit .................................................... 63 2 Recommended Additional Reading .................................................................. 73 3 Recommended Digital Engagement and Activities ........................................... 73 4 Interactive Work Space .................................................................................... 74 Learning Unit 5: Corporate Social Responsibility ..................................................... 76 1 Key Concepts Covered in this Learning Unit .................................................... 76 2 Recommended Additional Reading .................................................................. 83 3 Recommended Digital Engagement and Activities ........................................... 83 4 Interactive Work Space .................................................................................... 83 Learning Unit 6: Introduction to General Management ............................................ 86 1 Key Concepts Covered in this Learning Unit .................................................... 86 2 Recommended Additional Reading .................................................................. 89 3 Recommended Digital Engagement and Activities ........................................... 90 4 Interactive Work Space .................................................................................... 90 Learning Unit 7: Planning ........................................................................................ 92 1 Key Concepts Covered in this Learning Unit .................................................... 92 2 Recommended Additional Reading .................................................................. 99 3 Recommended Digital Engagement and Activities ..........................................100 4 Interactive Work Space ...................................................................................100 Learning Unit 8: Organising ....................................................................................103

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1 Key Concepts Covered in this Learning Unit ...................................................103 2 Recommended Additional Reading .................................................................108 3 Recommended Digital Engagement and Activities ..........................................108 4 Interactive Work Space ...................................................................................109 Learning Unit 9: Leading ........................................................................................111 1 Key Concepts Covered in this Learning Unit ...................................................111 2 Recommended Additional Reading .................................................................117 3 Recommended Digital Engagement and Activities ..........................................117 4 Interactive Work Space ...................................................................................118 Learning Unit 10: Controlling ..................................................................................120 1 Key Concepts Covered in this Learning Unit ...................................................120 2 Recommended Additional Reading .................................................................123 3 Recommended Digital Engagement and Activities ..........................................124 4 Interactive Work Space ...................................................................................124 Bibliography ...........................................................................................................126 Plagiarism ..............................................................................................................127

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