This new, completely revised edition incorporates the many changes and reforms in South Africa with a direct impact on business management. The book centres on three major themes: What is a business enterprise? How is a business enterprise established? How is it managed?

This new edition meets the needs of tertiary academic institutions for an introductory work on the structure and principles of business management. At the same time it serves as a reference for training in other disciplines. The book also offers background and practical guidelines for practicing business people, business leaders and entrepreneurs on how to manage their enterprises successfully.