Introduction to Business - Managing a business

Managing a business

The Management Process

1. Plan 
2. Organize
3. Lead
4. Control

Plan

Planning is an act of:

• Creating a goal
• Writing a blueprint for that goal. 

Process of planning

1. Set a goal
2. Develop strategies
3. Determine tactics

Class activity

We are told to form a group and discuss about our plans and the ways to achieve it. We started by planning to collect Rm 100 within a month, The strategy will be saving money and the tactics will be spending less than Rm10 a day.