Introduction to Business - Introduction

During my second semester in Taylor University Lakeside Campus, I have learned a lot of business skills through the subject Introduction to Business by the lecturer Mr. Chang Jau Ho. Also, I understand what is a business after studying this subject, and I have learned how to start a business in many ways and how to manage a business and the employees in our life. Besides that, I also understand the development of the marketing strategies through this subject.

In this subject, the subject include 6 lecture topics which is Topic 1-Introduction to Business, Topic 2- Starting a Small Business, Topic 3-Business Ethics and Social Responsibility, Topic 4-Managing a Business, Topic 5-Managing Employees and Topic 6-Developing Marketing Strategies. From the 6 chapters of the subject Introduction to Business, my favorite chapter might be the forth topic, which is Managing a Business. This topic is about how to manage a business, explaining the management process of a business, how to run a business and how to achieve our goal in business. The reason I like this topic is because it teach me how to achieve a goal and how to avoid failure in business. For an example, the subtopic which is the management process, it shows the management process of a business has 4 components which is Plan, Organize, Lead and Control. The components in the management process of a business is very important, because if we are fail to plan on something, then we are planning to fail. Besides that, I also learned the different types of organizational structure of a business, it help us to manage a business more easily and effectively. Moreover, I also learned how to lead a group of peoples to achieve our goal and how to control our own business.

After all, the least favorite topic in the subject is the first topic, Introduction to Business. This topic is about the explanation of a business such as the types of business, capitalism/free market, functions of a business, major forms of business and how the environmental factors affecting a business. The reason why this topic is least favorite for me is because the topic just explaining what is a business and the types of business, but anyway, I also improved my knowledge about business through this topic.

In conclusion, the most useful topic for me is the second topic, starting a small business. The reason I say this topic is useful is because it teach us how to start a business in our future. Without this topic, I have no idea how to start a business if I wanted to start a business in my future. Even though this topic is not my most favorite topic, but it is the most useful topic in this subject.