Principles of Business Management Study Guide 1
Authored by Tamu Petra Browne
This comprehensive study guide is ideal for any student studying introductory Business and Management courses.
The guide is divided into three main modules; Business and its Environment, Management of People and Business Finance and Accounting.
Key topics such as motivation, the evolution of management theories, organization structures, types of businesses, stock valuation and investment appraisals are included.
Authored by Tamu Petra Browne
This study guide is quite comprehensive and a great companion to Principle of Business Management Study Guide 1. This text covers the modules of Production and Operations Management, Marketing and Small Business Management.
Multiple choice and extended response questions are included in each module. There are also scores of Internet resources listed for students to undertake further reading.
Tamu Petra Browne is a tertiary level educator and Founder of Innovative Education and Training Solutions. an online tutoring company. Tamu has authored a number of other guides including Principles of Business Management Study Guide 1 and The information Technology Workbook.
You do not have to work at a Fortune 500 company or a Silicon Valley super company to practice intrapreneurship – which is basically entrepreneurship in the confines of the firm. Although many companies like Google, Microsoft and scores of others have implemented systems, policies and allocated a budget to institutionalize innovation – anyone can be an intrapreneur. Even you.
Think about the many times you have identified areas for improvement at your company– you know those areas you moan about and lament about and wonder why no one makes some changes. Well can’t that someone be you? Now, let us get it clear, I am not saying that you march into your boss’ office demanding change. There are some steps though that you can take to let your inner innovative alter ego out and make yourself a more valuable team member in the eyes of your superiors.
Identify a process for improvement that is within your current job role, function, area of expertise or department. Why? Well you are most likely to persevere through the inevitable challenges, if the outcome will ultimately benefit you. Additionally, it is easier to build a coalition of supporters and champions for change amongst those who you have worked with more closely and those who know your passion for innovation. Finally, and perhaps most importantly, is the fact that you will be the most effective and successful if you tackle a project that is in the sphere of your expertise and experience.
Create a plan. How will you effect this change? What resources will you need? A tip – make sure the resources that you need already exist – perhaps heavy on the human resource side and light on the budget side. Most bosses will approve a project where the resources to tackle it are well within the means of the company or department, and have little capital outlay. You must then be able to articulate the outcomes. Who will it benefit? This is extremely important . Your higher ups will NOT give you an ear if the project you wish to tackle is your pet peeve or the pet peeve of just a few. Your initial project must result in significant increases in efficiency and effectiveness for it to be considered. It would be wise to create a brief electronic presentation that can be downloaded or printed and given to your boss during the meeting. Which brings us to our final step.
Ask for a meeting – yes a face to face meeting. If your company has an open door policy – great. If not request one by email. Your email should be formal, brief and provide a concise outline of the problem and your idea for a solution. When you do meet (if not possible lay out your plan in email) outline why the issue identified is a problem – indicate how it reduces, productivity, morale and the bottom line. Indicate your willingness to work with a team to get it resolved and the benefits to resolution. Never mention increased compensation or remuneration. THIS IS NOT YOUR GOAL. Your goal is to flex your entrepreneurial muscles and build your skills and value and worth to the firm.
P.S. Once you have successfully completed your project add it to you resume!
Until next time. Do become a subscriber to get email updates on new blog posts and coaching specials and entrepreneurship events.
I am so excited to offer Free Business Strategy Sessions for a limited time. . I am really excited about helping new entrepreneurs, small business owners and those with just a business idea grow. For a limited time you can book a free online business strategy session with me. Do book. I am eager to help! Visit my appointments page and select Free Coaching and come away with an action plan to grow your business and see your ideas come to fruition.
I came across this blog post by Kajabi about overcoming resistance as an entrepreneur. Okay I know you are thinking – well nothing new about that! What was new was the idea that the resistance came from yourself. So true.
I know that this has been an issue from me – doubt, fear, uncertainty. All are resistance builders, creativity killers, happiness drainers. Even as I have taken the bold move to grow my business coaching business by putting it online at www.tamucoaching.com. I too faced resistance from myself.
I have found three steps to overcome internal resistance:
- Focus on the outcome – your ultimate goal. Bask in it. Envision it. Affirm it. Write it down. Keeping it as your carrot and not a stick will keep you going and banish all resistance to achieve it.
- Create a schedule – Get a calendar out. Plan out your week. I find that this exercise provides you with an action plan. The action plan removes the uncertainty because now you know what your day will look like.
- Keep your goals private – yep! Much of the reason why you are facing resistance is because you are fearing the opinions and criticisms of others. So simply don’t divulge or if you do, do so only to those who you are POSITIVE will support you.
Here is a link to the Kajabi blog that inspired this post: http://blog.kajabi.com/post/89167940209/kajabi-chalk-talk-episode-14-how-to-overcome#.U6JkKgokmWc.twitter
There are two variables that are essential for success – DESIRE and Talent/Skill. Everything else is optional. Read More to view the video.