Business Principles

Whether you plan to operate a business of your own, move into a top management position in a large company, or work as a valuable and valued employee for a company, you benefit from being well informed about the production, marketing, and financial activities of the business. As an owner, you must have a complete understanding of all phases of business operations, including employee relations and government regulations. This knowledge will also give you many advantages as an employee in organizations that empower their personnel to take greater responsibility for managing their own work and participating in employee teams.

Moreover, if you expect to become a supervisor or an executive of a company, you must fully grasp how the activities of all departments are coordinated in a smoothly operating business. Even organizations that are not profit-making businesses, such as the government and charitable organizations, operate in a manner similar to businesses. Business knowledge will help you contribute as an employee or as a manager in these organizations as well.