Study Guide

Teaching methods

Course description (contents):
- Business and the society, the business environment, stakeholders.
- Entrepreneurship, and the legal forms of business
- Principles of management and organization structure.
- Management functions.
- Business functions
- Business plan
- Business Model Canvas.

Course objectives:
After completing the course, the student is able to:
- Define what is business and explain its role in the society
- Explain and differentiate between the different legal forms of business
- Have a good understanding of principles of management
- Identify and explain the role of each function of management
- Explain the role and importance of each business function
- Have good knowledge of the business plan and its role, structure and contents
- Become familiar with the Business Model Canvas (BMC).

Student evaluation and grading: Evaluation will be 100% on final examination.

Materials

Understanding Business 12th ed. (Nickels; McHugh; McHugh) McGraw-Hill.