1.1 Introduction to Business Management

Assessment Objectives
Businesses’ role in combining human, physical and financial resources to create goods and services	AO2
The main business functions and their roles: Human Resources, Finance and Accounts, Marketing, Operations	AO2
The role of the different business departments in overall business activity	AO2
Primary, secondary, tertiary and quaternary sectors	AO2
The nature of business activity in each sector and the impact of sectoral change on business activity	AO2

Business Functions and Sectors

• Relentless Learning: A New Definition of Business Success for the 21st Century – a video from Big Think.

• Rethinking the Function of Business Functions – an article from the Harvard Business Review.

• Functions in a Business – an explanation of different business functions.

• What is a Business?

• The 5 Sectors of the Economy – an explanation of primary, secondary, tertiary, and quaternary sectors.

• Business Sectors – a video showing the first three sectors of a business.

Assessment Objectives
Entrepreneurship (and entrepreneur) and intrapreneurship (and intrapreneur)	AO3
The reasons for starting up a business or an enterprise	AO2
The process of starting up a business or an enterprise	AO2
The problems that a new business or enterprise may face	AO2

Starting a Business

• Start-up stories

• Forget about generating billions: Why entrepreneurs should create $1,000 startups

• 10 steps to start your business – resources on how to start a business in the US.

• Business Ideas – articles from Entrepreneur magazine showcasing the latest business ideas.

Entrepreneurship

• Gayle Tzemach Lemmon: Women entrepreneurs, example not exception – an inspirational TED talk on entrepreneurship including examples of women entrepreneurs.

• Success Stories – relevant articles from Entrepreneur magazine showcasing success stories.

• Les misérables – an article from July 2012 on challenges facing entrepreneurs in Europe.

• 10 Burning Questions About Why Some Entrepreneurs Fail And Others Succeed – a summary of a Harvard Business School working paper.

• Rich Barton’s Glassdoor venture – the story of entrepreneur Rich Barton, King of Travel and Real Estate.

• The LEGO® Story

• The Global Entrepreneurship Monitor (GEM) project – an annual assessment of the entrepreneurial activity, aspirations and attitudes of individuals across a wide range of countries.

• Rock Center – a Harvard Business School collection of resources on entrepreneurship.

• Where Entrepreneurs Find Inspiration – Stanford University’s Entrepreneurship Corner offers free videos and podcasts, featuring entrepreneurship and innovation thought leaders.

Intrapreneurship

• Move Over Entrepreneurs, Here Come The Intrapreneurs – a Forbes article defining intrapreneurship.

• 3 Things You Don't Know About Intrapreneurship – three surprising facts about intrapreneurs from the author and founder of Millennial Branding.

Assessment Objectives
The elements of a business plan	AO2

Business Plans

• Essential Elements of a Good Business Plan – US Small Business Administration outlines the elements of a business plan.

• Starting a Business: Contents of a Startup Business Plan – an article that outlines what goes into a start-up business plan.

• Stakeholders – an article explaining the roles of each stakeholder and what impact they have on business.

• Doing business in Ethiopia: Ethiopia trade and export guide – government explanation of trade and export in Ethiopia.