P2.3 Management Process

Here is where we start to build the foundation for the HSC course - work hard here! 

There is a lot of overlap in the concepts and terminology in this topic that is repeated in more detail in the HSC course.

This topic centres upon what managers do - the processes they undertake in the management of a firm.

These are the 4 Key Business Functions.

Remember: These functions must work together coherently in the organic 'whole' of a business. The lines drawn between these functions in the course are an arbitrary boundary in the real-life functioning of a business.

There are 4 key business functions: