This clip talks about the final management function, known as controlling. This is the measurement/feedback process that enables managers to determine if the goals established during the planning process are being achieved.
This clip looks at the role of the Federal Trade Commission in monitoring and regulating pricing, as well as labeling, marketing, and advertising. The clip notes that the FTC is also involved in regulating warranties.
This clip talks about the importance of an efficient purchasing and inventory control system. It also explores the relationship between entrepreneurs and suppliers, noting that there are several ways a supplier can help a new business owner, includi...
This clip profiles "The Little Red Schoolhouse" and the efforts of its owner to improve conditions in the school's community.
This clip looks at the fundamental financial documents every company needs, including the balance sheet, income statement and statement of cash flow.
This clip explores the management function known as planning. The clip explains that it is important to establish clear goals and forecast trends and events in order to make good decisions. Nonetheless, the clip notes, planning is often neglected in...
Former Secretary of Labor and university professor Robert Reich talks about the tendency of competent people in Cabinet departments to over-manage the time of the individual who heads the department. "You have got to assert yourself...you are in cha...
This clip notes that, while the business owner obviously has a vested interest in keeping track of the company's finances, there are other parties who may also need to know about the firm's financial condition. Examples include banks, vendors, suppl...
This clip focuses on capital budgeting, which is the process by which the long-term investment of available capital funds is planned.
This clip explores the different types of insurance available to help protect against risks and liability.