Successful firms need employees with business management abilities to reach organizational goals and objectives. All business processes, such as marketing, human resources, operations, management, leadership, and supply chain, will become crystal plain to you.
In this course, you'll also learn about how organizations function in dynamic situations, emphasizing current management trends, corporate structures, planning, work procedures, and practices. With a hands-on, skilled-based approach, this business management course will assist you on your path to achieving your goals and making a difference in businesses.
Week 1: The fundamentals of Management and Supply Chain
This class is designed to assist new managers in developing the skill set necessary to successfully lead their division or organization and assist current managers who wish to enhance their abilities. In this class, we will also focus more on the main distinctions between management and individual roles, establishing personal leadership styles, and different management styles for the organizations and their effectiveness and efficiency.
Week 2: Understanding the Role of a Manager
Managers are essential contributors to every firm. Their primary responsibility is ensuring that a specific aspect of the business runs well. Moreover, they are the marketers, producers, coordinators, and planners. As business operations are becoming more complex in the twenty-first century, the role of managers is more levant and challenging than ever.
Weeks 3 and 4: Business, Finance, and Marketing challenges in Modern Businesses
Success can be attained, but maintaining it is another matter. The potential issues in your company must be constantly identified. Before taking action, it's important to take the time to recognize and address opportunities and problems. By doing this, you will frequently be able to offer a solution tailored specifically to the organization's requirements, saving valuable time, money, and resources. Companies are facing top financial challenges, such as a lack of capital, unexpected expenses, hiring and retaining skilled staff, and a lack of cash flows. Hence, finance is becoming the backbone of the organization. In terms of marketing challenges, understanding the customer's need is challenging as it frequently changes, keeping the existing customers and attracting new customers. Moreover, the company needs diversification to sustain itself in the market for a long time.
Week 5: Controlling the Inventory
Organizations should have adequate inventory to fulfill client orders and proper warning of a shortfall. The way an inventory is managed may make or break a company. Inventory problems can result in losses or even business failure. The amount of merchandise coming in and leaving is balanced by good inventory management. It manages the time and costs of stock items and non-capitalized assets, enabling a company to operate profitably. In this class, we will discuss more the types of inventory and their impact.
Week 6: How to Handle Workplace Harassment and Customers' Concern
Employers must deal with harassment in a proper manner to protect themselves from legal liability. There are repercussions for failing to create a safe workplace and safeguard the health and well-being of employees. Thus, employers are obligated to take all reasonable measures to do so. A fantastic job can be ruined by workplace harassment, and a business can become poisonous and unproductive as a result. Additionally, failing to handle a problem appropriately can result in an employer being found legally responsible and having to pay hefty fines. In this class, we will analyze the types of harassment in organizations and how to prevent them.
Week 7: Product Innovation and Sustainable Management
Many people believe that you don't need to innovate if you already have a successful firm. But this is simply untrue. Product innovation helps you enter a new market and sustain in the market for a long time. As competitors are increasing, market challenges are growing, and technology advances, a marketer must innovate the product to capture more customers' need, want, and demand.
Week 8: How to Manage Stress in the Workplace, Face Global Challenges, and Manage Stakeholders' Interests
Your overall health is in danger if you are under a lot of stress every day. Both your physical and mental well-being is negatively impacted by stress. It limits your capacity for clear thinking, successful functioning, and enjoyment of life. This class will focus on tips and techniques to manage stress in the workplace.
The world is vast, and everyone is connected regarding business. Whether or not your company exports its goods, doing multinational business impacts all industries. In this class, we will discuss global challenges, such as language and culture barriers, currency exchange and inflation, etc. Stakeholders can participate in decision-making and impact organizational behavior that benefits the project management team. We will discuss who could be the stakeholders for your business and how they play an essential role.