Category Business Operation
Business Operation is one of the four main topics of Business Studies, in the South African FET Phase Curriculum. It counts for 25% of the content you will learn each year. The other topics are Business Role, Business Environment and Business Venture.
The sub-topics of Business Operation are:
- Business functions
- Quality of performance
Using the Snowstorm to Apply the Concepts In the following video, we explore the five key aspects of risk management using the real-life example of the South African snowstorm that occurred in September 2024, affecting areas in KZN, Gauteng, and… Continue Reading →
What is Risk Management? In the last video, I explained the four main functions of management according to popular management theory, which are: planning, organizing, leading, and controlling. For clarity, I used the example of a CEO aiming to grow… Continue Reading →
Management Tasks In business, there are FOUR common management tasks, or functions. They are different from Business Functions as they apply mostly to management, whereas business functions refer to whole areas or departments of a business. The Four Management Tasks are:… Continue Reading →
Levels Of Management In business, there are generally three levels of management: Top, Middle, and Lower. Top Management This is the highest level of management, consisting of senior executives like the CEO and directors. They make strategic decisions. Roles: Give… Continue Reading →
Introduction to Business Functions Business functions are the main activities that businesses need to perform in order to operate successfully. In a large company, each function may have its own department (such as the HR, Finance, or Marketing departments), but… Continue Reading →