Business Perspective - UIS

 

1st MBA Portfolio Blog:

This is the first blog for my Journey to MBA at University of Illinois Springfield. I learned lot of new things this week which include navigating through Canvas to Discussion board, course, modules, etc.

Module 1 explains business fundamental concept, Business Goals, Vision, Ethics and leadership

Below is short and simple explanation of basic Business fundamental concepts:

• Business Goal - First purpose of business is to maximize profit. However it is also important for business to maintain high level of social responsibility and contribute to the well-being of the communities they serve 

• Business Vision - A good business leader is able to see the big picture and has a clear vision of where the company is headed, and is able to communicate this vision to others.

• Business Mission is a statement that outlines the purpose, goals, and values of a company. It communicates the company's reason for existing, and serves as a guide for all decision-making and actions.

• Business Values: The company's core beliefs and principles, such as honesty, integrity, and innovation.

• Business Leadership: Business leadership refers to the ability to guide and manage a company or organization in order to achieve its goal and objectives. It involves achieving organization's goal to meet business vision, mission, value and ethics

In conclusion, business fundamentals are essentials to the success of any organization. By focusing on these principles and practices, companies can build a solid foundation for growth and success in longer term.