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Bab 2.1 DFT30103 Cyberpreneurship

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CHAPTER 2

BUSINESS MANAGEMENT
AND ACCOUNTING BASICS
by Rasmaliza Bt Rashid

DFC30103 – CYBERPRENEURSHIP

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Woot! Woot! SYNOPSIS

CYBERPRENEURSHIP course provides a broad overview of the role


of entrepreneurial thinking and innovation in advancing IT-
focused businesses. This student will examine how these skills can
be leveraged to create new IT-driven businesses as well as to
create competitive advantage for existing businesses via new IT
products and services.

Students will be introduced to concepts, tools, and principles of


business management including business strategy, finance,
RASMALIZA RASHID marketing, human resources, and leadership within the context of
IT business models.
LECTURER

Hi Everyone, you are in CYBERPRENEURHIP – DFT30103 class!


CONTINUOUS ASSESSMENT 2 / 7 / 8

QUIZ 2 BMC BMC Pitching

10% 10% 5%
MARKS MARKS MARKS

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TOPIC OUTLINES
At the end of this chapter, students should
be able to :
2.1 Understand the management in business.

2.2 Propose the formation of a new business.

2.3 Explain the business support systems.

2.4 Understand accounting basic


COURSE LEARNING OUTCOMES (CLO)

Upon completing this course, students


should be able to :
CLO1: Discover the basics of cyberpreneural management, financing and marketing in various social
media mix used in order to be a successful cyberpreneur (C2, PLO1)
PLO1 : Practice Information and Communication Technology (ICT) skill in performing diagnostic and
documenting processes in ICT related fields.

CLO2: Practice good leadership and management skills in delivering business plan for future
expansion (A2, PLO5)
PLO5 : Demonstrate social skills and responsibilities by taking alternate role as a leader or member
of a diverse team.
2.1
UNDERSTAND THE MANAGEMENT
IN BUSINESS
2.1.1

Management Function
Definition Of Management
According to Certo (1997) Management is defined as a process to
accomplish organisational goals by working with humans and other
organisational recources.

Management can be defined as a


# Planning
set of functions and activities that
must be accomplished by managers # Organizing
in order to achieve organizational # Leading
goal effectively through the four
#Controlling
basic functions of management:

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Process Of Management
Resources
PLANNING
• People (knowledge, skills,
abilities, experience)
Organizational Goals
• Technology
• Good
• Facilities and equipment CONTROLLING ORGANIZING • Services
• Information
• Performances
• Machinery
• Financial capital
LEADING
(money)

INPUT MANAGEMENT PROCESS OUTPUT

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PLANNING
Definition :

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Planning is the process for doing a plan for
something and deciding in advance what to do,
how to do and who is to do it.

The function of management of systematically


decisions about goals to be achieved and
activities or actions needed to achieve those
goals that an individual, a group, a work unit, or
the overall organization will pursue in the future.

Consider, for example the mission statement of Tenaga Nasional


Berhad (TNB), the largest electricity utility company in Malaysia:
We are Committed to Excellence in our Product and Services
ORGANIZING
Definition :
It is a process of creating an organization structure
with the view that what is done, who is doing them,

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where the reports are collected and who makes
the decisions

The management functions of assembling and


coordinating human, financial, physical,
information and other resources needed to
achieve organizational goals

Its activities include :


• Specifying job responsibilities
• Grouping jobs into work units
• Resource allocation
LEADING
Definition :
It is a process of motivating and communicating
with the organizations, human resources to ensure

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goals are attained

The management function that involves the


manager’s effort to stimulate high performance
by employees and includes directing, motivating
and communicating with the employees,
individually and in groups.

Its activities include :


• Directing the workforce
• Motivating your subordinates
• Communicating with employees
CONTROLLING
Definition :
Controlling is the process to control and monitor all
the activities and makes the corrections.

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The function of management are monitoring
progress and making needed changes to make
sure that the organizational goals are achieved.

Its activities include :


• Setting performance standards that indicate
progress toward long-term goals
• Monitoring staff performance through
performance data evaluation
• Identifying performance problems by comparing
performance data against standards and take
corrective actions
Activity

Let’s
Do

You and your partner, want to


open one groceries shop.
Identify a few factor to help
your planning.

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Activity

Let’s
Do

In most organizations, there are


typically three managerial
levels. Explain the types of
manager found in each management
level

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Activity

Let’s
Do

Explain the meaning of business


vision, mission, values and
objective

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Thank you

Q&A

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