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IIE Module GuideBMNG5111BUSINESS MANAGEMENT 1AMODULE GUIDE 2014(First Edition: 2012)This manual enjoys copyright under the Berne Convention. In terms of the CopyrightAct, no 98 of 1978, no part of this manual may be reproduced or transmitted in anyform or by any means, electronic or mechanical, including photocopying, recording orby any other information storage and retrieval system without permission in writingfrom the proprietor.The Independent Institute of Education (Pty) Ltd isregistered with the Department of Higher Education andTraining as a private further and higher education andtraining 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). The Independent Institute of Education (Pty) Ltd 2014 - Page 1 of 130
IIE Module GuideBMNG5111DID YOU KNOW?Student PortalThe full-service Student Portal provides you with access to your academicadministrative information, including: an online calendar, timetable, academic results, module content, financial account, and so much more!Module Guides or Module ManualsWhen 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 MaterialsFor certain modules, electronic supplementary material is available to you via the‘Supplementary Module Material’ link.Module Discussion ForumThe ‘Module Discussion Forum’ may be used by your lecturer to discuss any topicswith you related to any supplementary materials and activities such as ICE, etc.To view, print and annotate these related PDF documents, download AdobeReader at following link below:www.adobe.com/products/reader.html The Independent Institute of Education (Pty) Ltd 2014 - Page 2 of 130
IIE Module GuideBMNG5111IIE Library Online DatabasesThe following Library Online Databases are available to you. Please contact yourlibrarian if you are unable to access any of these.EBSCOhostThis database contains full text online articles.http://search.ebscohost.com/User name and password: Please ask the librarianInmagicThe Online Public Access Catalogue. Here you will be able tosearch for books that are available in all the IIE campus pac.aspxNo password requiredSABINETThis database will provide you with books available in otherlibraries across South Africa.http://reference.sabinet.co.za/sacatUser name and password: Please ask the librariane-BraryThis database provides access to full text online books, some ofwhich form part of the IIE recommended reading lists.http://site.ebrary.com/lib/iiezaPassword: Use your Student Number The Independent Institute of Education (Pty) Ltd 2014 - Page 3 of 130
IIE Module GuideBMNG5111Table of ContentsDID YOU KNOW? . 2Using this Guide . 6Introduction . 7Module Resources . 8Module Purpose . 8Module Outcomes . 8Module Pacer . 9Assessments . 15Glossary of Key Terms for this Module . 17Learning Unit 1: The Business World and Business Management. 271 Key Concepts Covered in this Learning Unit . 272 Recommended Additional Reading . 333 Recommended Digital Engagement and Activities . 334 Interactive Work Space . 33Learning Unit 2: Entrepreneurship . 361 Key Concepts Covered in this Learning Unit . 362 Recommended Additional Reading . 463 Recommended Digital Engagement and Activities . 474 Interactive Work Space . 48Learning Unit 3: Establishing a Business. 501 Key Concepts Covered in this Learning Unit . 502 Recommended Additional Reading . 593 Recommended Digital Engagement and Activities . 604 Interactive Work Space . 60Learning Unit 4: The Business Environment . 631 Key Concepts Covered in this Learning Unit . 632 Recommended Additional Reading . 733 Recommended Digital Engagement and Activities . 734 Interactive Work Space . 74Learning Unit 5: Corporate Social Responsibility . 761 Key Concepts Covered in this Learning Unit . 762 Recommended Additional Reading . 833 Recommended Digital Engagement and Activities . 834 Interactive Work Space . 83Learning Unit 6: Introduction to General Management . 861 Key Concepts Covered in this Learning Unit . 862 Recommended Additional Reading . 893 Recommended Digital Engagement and Activities . 904 Interactive Work Space . 90Learning Unit 7: Planning . 921 Key Concepts Covered in this Learning Unit . 922 Recommended Additional Reading . 993 Recommended Digital Engagement and Activities .1004 Interactive Work Space .100Learning Unit 8: Organising .103 The Independent Institute of Education (Pty) Ltd 2014 - Page 4 of 130
IIE Module GuideBMNG51111 Key Concepts Covered in this Learning Unit .1032 Recommended Additional Reading .1083 Recommended Digital Engagement and Activities .1084 Interactive Work Space .109Learning Unit 9: Leading .1111 Key Concepts Covered in this Learning Unit .1112 Recommended Additional Reading .1173 Recommended Digital Engagement and Activities .1174 Interactive Work Space .118Learning Unit 10: Controlling .1201 Key Concepts Covered in this Learning Unit .1202 Recommended Additional Reading .1233 Recommended Digital Engagement and Activities .1244 Interactive Work Space .124Bibliography .126Plagiarism .127 The Independent Institute of Education (Pty) Ltd 2014 - Page 5 of 130
IIE Module GuideBMNG5111Using this GuideThis guide has been developed to support your use of the textbook prescribed forthis module. There may be occasions when the textbook does not provide sufficientdetail regarding a particular idea or principle. In such instances, there may beconsiderable additional detail included in the guide. However, this guide should notbe used as a stand-alone textbook, as the bulk of the information that you will needto engage with will be covered in the prescribed textbook.In addition, each Learning Unit in this guide could contain three (3) different types ofengagement, referred to as Interactive Work Spaces, as listed below:1.Izimvo Exchange – Izimvo is an isiXhosa word for ideas and so this is theexchanging or sharing of ideas. These are in-class debates or discussionslinked to the subject matter and/ or current affairs.2.Activities – These are varied interactions in which you can engage with thesubject matter.3.Revision Exercises – These are questions/ tasks based on theory.The purpose of the Interactive Work Space is to provide opportunities for you toengage with the subject matter in the Learning Unit both in and outside theclassroom in preparation for assessments. In different modules there would be moreor less emphasis on the different types of engagement, depending on the nature andobjectives of the particular module. The Independent Institute of Education (Pty) Ltd 2014 - Page 6 of 130
IIE Module GuideBMNG5111IntroductionThis module will introduce you to the field of business management. The rapidlychanging and competitive context within which a business operates will be examinedand the purpose of a business in society discussed. The exciting field ofentrepreneurship will be investigated and the decisions relating to starting a businessexplored. You will also learn about the contemporary issues relating to corporatesocial responsibility.Learning Units 6–10 focus on the primary functions of management. You will discussvarious management processes and principles which will lay a foundation forunderstanding what managers do and why it is so important. The success ofbusiness organisations relies on how well management is able to use resourceseffectively and adapt to changes in the business environment. This module willprepare you for your journey to becoming a successful business manager.This module guide has been structured in such a way as to guide you through yourprescribed textbook, draw attention to important information and explain keyconcepts. Activities are provided for you to engage with the material.Please note that you are expected to read and research beyond your prescribedtextbook and this module guide. This is necessary to enhance your own learning andunderstanding. Useful references are provided to assist you in developing a deeperunderstanding of the content. The Independent Institute of Education (Pty) Ltd 2014 - Page 7 of 130
IIE Module GuideBMNG5111Module ResourcesPrescribed Book forthis ModuleRecommendedAdditional ReadingDigital and WebResourcesErasmus, BJ, Strydom, JW and Rudansky-Kloppers, S. 2013.Introduction to business management. 9th edition. Cape Town:Oxford University Press.Please note that this Module Guide is intended to support yourlearning – the content of this module is in the prescribedtextbook. You will not succeed in this module if you focus onthis Module Guide only.You will be referred to additional reading in your Module Guide.Access to the Internet will be a requirement for this module.This module has additional digital resources available – log onto the Student Portal, and follow the links to SupplementaryDigital MaterialOther Web Resources and Web links you could access areprovided throughout this module guide.Students should however be keeping up to date with businessnews through websites such as: Bloomberg. 2013. [Online] Available at:http://www.bloomberg.com/ [Accessed 11 December2013].; Business Day. s.a. [Online] Available at:http://www.bdlive.co.za/ [Accessed 11 December 2013].; Fin24. 2013. [Online] Available at: http://www.fin24.com/[Accessed 11 December 2013].; Moneyweb. 2013. [Online] Available at:http://www.moneyweb.co.za [Accessed 11 December2013].Module PurposeThe purpose of this module is to provide students with a broad introduction to thefield of business management and the business environment. Students will developan understan
and on-going management of a business. Module Outcomes MO1 Demonstrate knowledge and understanding of the concepts, principles and practices of management in the business world. MO2 Apply knowledge of management activities in a business context. MO3 Evaluate the impact that different business environments have on the business and managerial roles.File Size: 1MBPage Count: 130People also search forchapter 5-6 study guide buissness manag BUSINESS MANAGEMENTBUSINESS MANAGEMENT EUROPEAN/ business management module 1 exam 3 a intro to business management text bookbusiness management textbook pdf
