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hello everyone welcome to basom 5111 unit one lesson one introduction to business management I am Mr Duma lecture of business management with the iiee roseburn college in this lesson we will explore the fundamental concepts and principles of business management whether you are an aspiring entrepreneur or simply are interested in understanding how business operates this lesson will provide you with a solid foundation in the world of business management let's get started before we dive into the specifics let's begin by understanding what a business and business management is all about a business is an organization or economic system where goods and services are exchanged for one another or for money business management therefore involves the process of planning organizing leading and controlling resources to achieve organizational goals it involves a wide range of activities businesses come in all shapes and sizes ranging from small startups to multinational businesses fr

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