Among the basic functions covered are staffing which is choosing the right people for the right job; directing which is figuring out what course of action and who should be responsible for it within the organisation; planning which is producing successful strategies to direct the business into the future; organising which is understanding how to group various resources in order to implement the plans; and controlling which is the following-up on the progress of the execution of plans and making the necessary modifications to guarantee the ultimate success of a business. For those who seek a degree in business management, their ultimate goal should be to learn the necessary leadership principles that make them unique among the many applicants in today’s job market.
Here are a list of subjects you can pursue in the Business course:
- Human Resources
- Logistics & Supply Chain
What Will You Be Studying?
The skills and knowledge gained from your business degree will be an admirable base for many careers. For one, you will have an improved critical and creative thinking. You will be able to develop thinking skills and an enquiring mind. At the end of the course, you should be able to analyse problems and evaluate solutions, use your judgment and make decisions as well as engage in reflective and creative thinking. Another set of skills you should be able to gain is research and analysis. You will be able to recognise the time for information, accompanied by the capacity to locate, evaluate and use this
information effectively through the use of analytical and search skills, business models and frameworks, data analysis and information technologies. Of course, communication skills are also crucial in this field as you will need to communicate knowledge, ideas, recommendations and decisions effectively. You should develop sound oral and written communication skills, including the ability to make professional presentations, develop coherent and justified arguments, strengthen interpersonal communication skills including the ability to work in teams, learn to effectively consult and negotiate, and not forgetting to resourcefully use modern communication technologies. Personal development is also an important aspect in any career or course you are in. After completing the course, you should possess an understanding of values and attitudes consistent with your role as a citizen and member of your professional community equipped with the capacity to identify and deal with ethical issues, interact effectively with and show sensitivity towards others, exercise leadership in local, national, global and professional communities as well as to adapt to uncertainty, complexity and ambiguity.
For employers to consider you and not cast your resume aside, try to build a resume that speaks directly to your skills. Although both business administration and business management degrees lead to the same types of career, employer can be influenced by the language of the programme. That is why some institution prefers the label business management over business administration.
Among the jobs that you can tap into include accountant, advertising accountant executive, banker, banking manager, buyer, company secretary, commodity broker, distribution or logistics manager, insurance underwriter, management consultant, marketing executive, market research executive, human resources manager, public relations account executive, recruitment manager, sales executive, stockbroker and system analyst or IT consultant.
In fact, the list is endless as every business sector requires someone who excels in business management skills. The differences between a business management degree and a business administration degree are usually very few. Although that is the case, the difference varies between the institutions. So, you should look deeper beyond the name and understand what the course is offering and how it will affect your job candidacy.
Master of Business Administration (MBA)
Thought to be one of the most prestigious and sought-after degrees in the world, MBA is a postgraduate degree awarded to students who have mastered the study of business. Since the main reason to attend school is to increase your salary potential and advance your career, MBA is sought after due to the fact that MBA holders are given an advantage to jobs that do not consider high-school diploma holders. Therefore, an MBA degree is almost a necessity in today’s business world.
To apply for an executive and senior management positions, an MBA degree is required in most cases. There are even cases where an organisation will only consider applicants who have an MBA qualifi cation. Therefore, an MBA degree holder will no doubt face a smoother path with many different types of employment opportunities.
Here are a list of subjects you can pursue in the MBA course: