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Ch 1: Business Management Basics

About This Chapter

Enhance your study of business management basics with the video lessons and quizzes included in this chapter. Examine subjects ranging from managerial roles and functions to methods for motivating employees and managing change.

Business Management Basics Chapter Summary

Take a closer look at a wide range of business management topics with the video lessons found in this chapter. Topics of study include:

  • The functions of management
  • Managerial decision making
  • Organizational change
  • Management theory
  • Workplace motivation

These lessons are designed to bolster your understanding of relevant vocabulary terms and help you study topics of interest in greater detail. Whether you access instruction in the form of transcripts or short videos, our instructors employ a teaching style that makes the material engaging and easy to understand.

How to Use this Chapter

These lessons could be used to supplement topics of discussion in your own high school or college business course. Video illustrations can help improve your recall of the material, and the self-assessment quizzes are useful for checking your grasp of the main ideas. You might also match up these lessons with others included in our comprehensive collection of business courses, which are listed below:

28 Lessons in Chapter 1: Business Management Basics
Matrix Organizational Structure: Advantages, Disadvantages & Examples

1. Matrix Organizational Structure: Advantages, Disadvantages & Examples

A matrix organizational structure is one of the most complicated reporting structures a company can implement. Read on to learn why a company might implement a matrix structure and the advantages and disadvantages for both company and staff.

Interpersonal Roles in Management: Types & Definition

2. Interpersonal Roles in Management: Types & Definition

In this lesson, we'll look specifically at the three interpersonal management roles and consider how you might respond when working within each of these roles.

Functional Structure of an Organization: Advantages, Disadvantages & Example

3. Functional Structure of an Organization: Advantages, Disadvantages & Example

A functional organizational structure is one of several reporting structures a company could implement. Read on to learn why a company might implement a functional structure and the advantages and disadvantages for both company and staff.

Bureaucratic Management Theory: Definition & Examples

4. Bureaucratic Management Theory: Definition & Examples

In this lesson, we'll discuss bureaucratic management theory. This theory proposes that an ideally run organization consists of a group of people organized into a hierarchical structure and governed by rational-legal decision-making rules.

What Is Administrative Management Theory? - Definition & Functions

5. What Is Administrative Management Theory? - Definition & Functions

Administrative management is concerned with the design and management of an organization. In this lesson, you'll learn what administrative management theory is as well as its key components.

What Is Motivation In Management? - Definition, Process & Types

6. What Is Motivation In Management? - Definition, Process & Types

Motivation in management describes ways in which managers promote productivity in their employees. Learn about this topic, several theories of management, and ways in which this applies to the workplace. Use quiz questions to test your knowledge.

Upward Communication: Definition, Advantages, Disadvantages & Examples

7. Upward Communication: Definition, Advantages, Disadvantages & Examples

In this lesson, we will discuss what upward communication is and how it's used in the workplace. We'll also go over the advantages and disadvantages of upward communication.

Frederick Taylor: Theories, Principles & Contributions to Management

8. Frederick Taylor: Theories, Principles & Contributions to Management

Frederick Taylor was an inventor, an engineer, and the father of scientific management theory. You will learn about Frederick Taylor, scientific management, and its effects on industrial management in this lesson.

Contingency Approach of Management: Definition & Example

9. Contingency Approach of Management: Definition & Example

The contingency approach to management holds that management techniques should be dependent upon the circumstances. In this lesson, you will learn what the contingency approach to management is and the key elements of contingency management.

What Is a Team Leader? - Description, Role &  Responsibilities

10. What Is a Team Leader? - Description, Role & Responsibilities

Are you interested in becoming a team leader or need to find one for your organization? Read on to learn more about what a team leader is and the various roles and responsibilities that comes with this position.

Oral Communication: Definition, Types & Advantages

11. Oral Communication: Definition, Types & Advantages

Oral communication is the process of expressing information or ideas by word of mouth. Learn more about the types and benefits of oral communication, and find out how you can improve your own oral communication abilities.

What Are Conceptual Skills in Management? - Definition & Examples

12. What Are Conceptual Skills in Management? - Definition & Examples

You know what a concept is, but what are conceptual skills and who uses them? After this lesson, you'll be able to identify conceptual managerial skills and understand how managers at various levels use these skills.

Horizontal Communication: Definition, Advantages, Disadvantages & Examples

13. Horizontal Communication: Definition, Advantages, Disadvantages & Examples

Horizontal communication is an important means of organizational communication. In this lesson, you'll learn about its advantages and disadvantages. You'll also have a chance to take a short quiz after the lesson.

Scientific Management: Theories, Principles & Definition

14. Scientific Management: Theories, Principles & Definition

Scientific management theory was developed in the early 20th century by Frederick W. Taylor. We will be exploring the primary principles of scientific management and some of its key contributors. You will also be given a chance to reinforce your knowledge with a short quiz.

Downward Communication: Definition, Advantages & Disadvantages

15. Downward Communication: Definition, Advantages & Disadvantages

Communication can flow down, up and laterally in an organization. In this lesson, you'll learn about downward communication, including some of its advantages and disadvantages. A short quiz follows the lesson.

What Is Democratic Leadership? - Definition, Advantages & Disadvantages

16. What Is Democratic Leadership? - Definition, Advantages & Disadvantages

Democratic leadership is a style of leadership found in human resources theory and participative management. In this lesson, you will learn what democratic leadership is and some of its advantages and disadvantages. You will have the opportunity to reinforce your knowledge with a brief quiz after the lesson.

Participative Leadership Style: Definition, Theory & Examples

17. Participative Leadership Style: Definition, Theory & Examples

Participatory leadership style attempts to add a democratic dimension to modern management, which has generally been top-down and hierarchical in nature. In this lesson, we will provide a definition of participatory leadership, discuss some of its theoretical principles and provide a few examples.

Channel of Communication: Types & Definition

18. Channel of Communication: Types & Definition

In this lesson, we'll discuss what communication channels are and why we use them. We'll also cover the different groups of communication channels and some examples of each group.

Elton Mayo's Theory of Motivations & Contributions to Management Theory

19. Elton Mayo's Theory of Motivations & Contributions to Management Theory

Elton Mayo was a philosopher, author, Harvard professor, and designer of the 'Hawthorne Experiments,' which significantly changed management science thinking. Read on to learn what he discovered and how it still impacts management practices today.

External Recruitment: Advantages, Disadvantages & Methods

20. External Recruitment: Advantages, Disadvantages & Methods

Do you have a job vacancy and want to learn more about external recruiting? Read on to find out the advantages and disadvantages of this type of recruiting process, as well as the different methods that are used to find potential employees outside of an organization.

Job Rotation: Definition, Advantages, Disadvantages & Examples

21. Job Rotation: Definition, Advantages, Disadvantages & Examples

In this lesson, you will learn about job rotation, including its advantages and disadvantages. Examples will also be provided. You can reinforce your knowledge with a short quiz after the lesson.

Profitability Ratio: Definition, Formula, Analysis & Example

22. Profitability Ratio: Definition, Formula, Analysis & Example

How do you know if a company is performing well? In this lesson, you'll learn about various profitability ratios, including what they mean, their formulas and examples illustrating them. A short quiz follows the lesson.

Accounting Cycle: Definition, Steps & Process

23. Accounting Cycle: Definition, Steps & Process

Accounting isn't just about working with numbers. It is about following guidelines to get the job done. In this lesson, you will learn what the accounting cycle is and the steps to complete it.

Departmentalization in Management: Definition, Types & Advantages

24. Departmentalization in Management: Definition, Types & Advantages

Organizing an organization through departmentalization is common. In this lesson, you'll learn what departmentalization is, some types of departmentalization, and its advantages. A short quiz follows the lesson.

Job Enrichment: Definition, Advantages, Disadvantages & Examples

25. Job Enrichment: Definition, Advantages, Disadvantages & Examples

What is job enrichment? What are the benefits of a job enrichment program? Are there disadvantages to enriching jobs? In this lesson we'll discuss what job enrichment is, how to do it, and the good and bad of modifying jobs in your organization.

How to Start a Web Design Business

26. How to Start a Web Design Business

Thinking about starting a web design business? Wondering what steps you need to take? In this lesson, you'll learn more about the important points to consider when beginning a new web design venture.

What is Remuneration? - Definition & Examples

27. What is Remuneration? - Definition & Examples

Remuneration or renumeration? Which one is it? In this lesson you'll learn the difference between these terms and also see examples of forms of remuneration.

Remuneration Packages: Definition & Examples

28. Remuneration Packages: Definition & Examples

In this lesson, you will explore the definition of remuneration packages and the various types of remuneration packages in relation to employment. In addition, you will learn about remuneration packages you can receive in civil lawsuits.

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