High Impact Young Manager

Module 1  |  Module 2  |  Module 3  |  Module 4  |  Module 5

Module 5 - Managing Business

Introduction

Managing a business requires specific management skills together with the knowledge of key business practices.

In this workshop, you'll learn about business leadership, decision-making skills, and how to manage your resources including your employees.

As the manager, you will have to set goals, determine how to reach those goals and make all the necessary decisions. Secondly, one must have to purchase or make your product, price it, advertise it and sell it. Thirdly, you would need to keep records, and determine costs. The next step in tandem has to be controlling inventory, make the right buying decisions and keep costs down. And finally, you would have to hire, train and motivate employees now or as you grow.

You will learn how to how to plan, execute it in order to build, sustain and grow the business.

Designed For

This workshop is intended for those who manage their business or for those wanting to try their hand in entrepreneurship.

Competencies Addressed

• Achievement orientation
• Business Savvy

Workshop Objectives

On completion of this workshop, participants will be able to manage a business and demonstrate accountability for the profit and loss of the business entity.

Model Reference

Management by Objectives (Peter Drucker)

Learning Approach

The session will involve short lecturettes, case studies and videos. The key emphasis is on learning HOW to manage a business.

Durations

2 Days

Course Outline

• Introduction to Business Management
• The PODC cycle - Planning, Organising, Directing and Control
• Management Functions
  - Resources Planning
  - Finance
  - Marketing
• Business Problem Solving & decision making
• Business Leadership