Attending this module is basically a fairly good experience. During the participation of this subject, I learned some basics about business. One of the important lessons I learnt in this module is the different types of businesses. Business are categories into 2 main categories which is the the goods producing business and service business. Besides that, there are also business which are not earning profit such as WWF. We also learned that there were a few factors that affects the operations. The external part which affects the operation will be the environment of the business. the environment includes domestic business environment, global environment, technology, economic environment, sociocultural environment and the politic and legal environment. The internal factors which affects the operation is the management process. The management process includes 4 components which is plan, organize, lead and control. The planning is to create a goal and preparing strategies and tactics to reach the goal. Organize is to classify the business into sub-groups with specific purposes. Lead is to inspire and guide the employees to rach the business goal. Lastly, control is to monitor the performance of the business. Another important lesson I learned was the functions and goals of a business. The function of a business is to proovide goods and services, employment, pays tax to the government and provide opportunities for other businesses to serve as its suppliers. During the classes I understands about the ethical and social responsibility issues faced by businesses. This involves the environment, customers, employees and the investors. Businesses will normally have an organizational structure to organize the working departments. Besides that, marketing is also a fator which is important to a business. There are 5Ps in marketing which is the price, product,place, packaging, and promotion. The last topic in this class is the accounting. Accounting is to record all the transactions of a business for decision making purpose.In the final assignment which is the charity drive, I took up the role as the project manager. My job is to search the products at Tao Bao and make comparisons between the products and choose the best out of them. Besides that I'm also helping out Kuai Bing in doing the sales. We walked around the campus to get donations and promote our products. Although it was an tiring thing to walk the whole campus. We had fun and eventually got closer to each other. Besides that we also help out each other in preparing the orders.These lessons are important as we are going to work in a company or even start our own business in the future. Moreover, I also learned to approach people and socialize with them.
The topic I like the most will be organize. As I am a messy person in organizing my thoughts, I learned how to apply the organizing skills to organize my thoughts. The subject I dislike the most will be accounting as I dun like to deal with numbers. Joining the course made me realize alot of realistic sides of the working world and it also thought me to socialize better.
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