Business Management

Also on the syllabus · lessons in preparation

• 02Forms of Business OrganisationSole proprietorship, partnership, limited liability companies, cooperatives, and public enterprises compared.
• 03Formation and Dissolution of BusinessesProcedures for forming each type of business, legal requirements, and how businesses are dissolved or liquidated.

• 01PlanningThe planning process, types of plans, setting objectives, and the importance of planning in business.
• 02OrganisingOrganisational structure, span of control, delegation, authority and responsibility, and types of organisations.
• 03StaffingRecruitment, selection, training, performance appraisal, and managing employee relations.
• 04Directing and LeadershipLeadership styles, qualities of a good leader, and how managers direct and supervise their teams.
• 05ControllingThe control process, types of control, setting standards, measuring performance, and corrective action.
• 06Decision-MakingThe decision-making process, types of decisions, and the tools managers use to make better decisions.
• 07MotivationTheories of motivation — Maslow, Herzberg, McGregor — and how managers motivate their staff.
• 08Communication and CoordinationTypes of communication, communication barriers, and how coordination keeps an organisation working together.

• 01Business ContractsElements of a valid contract, types of contracts, breach of contract, and remedies available.
• 02Sale of Goods, Hire Purchase, and AgencySale of Goods Act, hire purchase agreements, and the principles of agency in business law.
• 03Negotiable InstrumentsCheques, bills of exchange, and promissory notes — their features and how they are used in business.
• 04Sources of Business FinanceShort-term and long-term sources of finance, owner's equity, debt finance, and choosing the right source.
• 05Working Capital and InvestmentManaging working capital, investment decisions, and the principles of investment appraisal.

• 01Marketing and the Marketing MixMarketing concept, market segmentation, market research, and the four Ps — product, price, place, promotion.
• 02Advertising and Sales PromotionTypes of advertising, advertising media, sales promotion techniques, and the role of public relations.

• 01Government Policies and BusinessFiscal policy, monetary policy, regulations, and how government policies affect business activity.
• 02Public Enterprises and PrivatizationFeatures and problems of public enterprises, and the reasons for and effects of privatization.
• 03International Trade and Foreign ExchangeImports and exports, foreign exchange markets, exchange rates, and balance of payments basics.
• 04Globalization and Economic IntegrationWhat globalization is, its effects on business, ECOWAS, and other forms of economic integration.

• 01EntrepreneurshipWho is an entrepreneur, qualities of successful entrepreneurs, and the role of entrepreneurs in development.
• 02Small Business Management and the Business PlanStarting a small business, writing a business plan, and managing the challenges small businesses face.
• 03ICT in Business ManagementHow information and communication technology supports planning, decision-making, and modern business operations.