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Management, Structure, and Sources of Finance are essential elements that determine how a business is organized, directed, and funded. Management involves planning, organizing, leading, and controlling business activities to achieve organizational goals efficiently. Business structure refers to the arrangement of roles, responsibilities, and authority within an organization, ensuring effective communication and coordination among employees and departments. Sources of finance are the various ways a business obtains funds to start, operate, and expand its activities, including internal sources such as retained earnings and external sources such as loans, investors, and share capital. Understanding these concepts helps explain how businesses make decisions, allocate resources, and maintain long-term growth and sustainability.
This lecture is part of BUA 101 Foundation and Scope of Business in the Business Administration department. The course has 14 recorded lectures across 5 series, all free to watch. Read or download the BUA 101 lecture note to study alongside the video.