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Updated A.Y. 2022-2023

The purpose of the course is to provide a basic knowledge about the fundamentals of business, in particular students will:

  • Familiarize with the language of business;
  • Know and understand the concepts of the administration of a busi-ness, the characteristics of management processes (strategy and planning, organizational structure, human resource management, decision making, monitoring and reporting, etc..) and management functions (Marketing, Operations, Human Resource function, Finance and Accounting Function);
  • Understand the organizations’ existence, what is their role in society, what are their responsibilities and how and for whom they create value;
  • Know the differences between a small business (e.g. a small family firm) and a big business conducted by multinational corporations all around the world (e.g. Apple, Coca Cola, Facebook, Google);
  • Be able to apply knowledge and to draw original conclusions (critical thinking), by using management tools and techniques and by making judg-ments about the cost-effectiveness of management;
  • Improve their communication skills, using an appropriate language during the presentation of management issues;
  • Enhance their learning ability as well as time management capacity, with the analysis of real situations and case studies;
  • Give a complete framework for the other courses on business (e.g. management and organization; business strategies; financial accounting; business law; marketing).


  • Economic problem, economic activities and different types of organization;
  • Value creation and sustainability in business and non-business entities, in national and global context;
  • Organizational structure;
  • Strategies;
  • Introduction to management control;
  • Introduction to financial accounting;
  • Conflict of interests, corruption and lobbying.

There are four ways to learn in this course (HOW to learn):

1) Attend the lectures and study these teaching notes;
2) Watch/study the YouTube videos;
3) Read the Project Works discussed in previous years;
4) Complete the assignments.

Teaching methods
- Lecture by teacher
- Slides projected during the course
- Teaching notes
- Class discussion conducted by teacher
- Discussion groups project work
- Textbook and case studies assignments

Teaching materials

- Teaching notes of the course (available on-line)
- Slides projected during the course
- Suggested articles

Suggested book:

Mike Smith - Fundamentals of Management - McGraw-Hill Education

mandatory readings: cap 1 (sez. 1.2 -1.3); cap 2 (sez. 2.1 - 2.2 -2.3); cap 4 (sez. 4.1 - 4.2 - 4.3); cap 5; cap 8 (sez. 8.1 - 8.2 - 8.3 - 8.4); cap 12 (sez 12.5); cap 14( sez. 14.4); cap 17 (sez 17.5); cap 20 (pp 500-502).

suggested readings: other parts