why choose business management essay

why choose business management essay

The Benefits and Importance of Studying Business Management

1. Introduction to Business Management

The field of business management provides a range of career opportunities for those who are interested in working with a corporate and who want to learn the fundamental principles about how to successfully manage and lead an organization. Of course, upper management positions are the most highly prized, often given to individuals who have gained experience, in-depth understanding of the internal operations of the firm, and completed graduate degree work in business management. But even positions like those held by CEOs and COOs are only speculation, as many individuals with university, two, or four-year degrees can effectively start a lucrative career in business management immediately after graduation. The benefits of a business management education extend across multiple levels of the business world, as the management curricula provide both undergraduate students and graduate students with lifelong skills, knowledge, and practices that serve as the building blocks for a lifetime of opportunity and effectiveness.

One discipline meeting this need is business management. Business management includes any range of activities associated with running a business. These activities include acquisitions, creation of a corporate vision or strategy, making decisions about where to invest corporate resources, hiring and developing employees, engaging in negotiations, motivating employees and strategic partners, and ensuring that legal obligations are met, among others. Sometimes having a definitive set of management practices carried out by individuals who are trained to perform a unique set of management functions is important. Since the 1930s and 1940s when the management disciplines and functions emerged, business management has been uniquely defined as an integrating discipline. It continues to bring together a wide range of academic and applied disciplines including operations, marketing, finance, strategic management, human relations, etc., and leverages these disciplines to enable success and profitability for modern corporate organizations. Furthermore, managers today are involved in both the day-to-day management of an organization and leading an organization into the future through strategic thinking, strategic vision, burdenship, entrepreneurship, and other knowledge, skills, and practices associated with how wealth is created and how business operates successfully.

2. Key Concepts and Theories in Business Management

A variety of key concepts are fundamental to a successful business environment, including marketing, organizational behavior, and decision-making. The application of these principles is equally important. While it’s good to understand the pros and cons of different types of hierarchical structures within organizations, for example, understanding how a vertical business structure might be best applied to a new business in terms of effective production and delegation of responsibility can be a vital ingredient of good business management training. Different industries might also require different applications of key concepts from business management – is one job production appropriate across the board, or do small businesses perform best when using mass production methods? These are all important considerations in any business management training course.

By understanding the importance of concepts like ambition, innovation, and decision-making in business management, an entrepreneur can set their new business within the framework of established success and growth practices. Equally, understanding the theory and concepts behind effective management in business can give a business owner a fantastic strategic advantage, allowing them to understand and optimize the systems and environment they are setting up. By using best practices and not just hoping for the best, small business owners can avoid common mistakes and pitfalls, allowing them to establish and maintain a successful and well-functioning business from the beginning. As such, business management training courses are invaluable for small business owners, cultivating an understanding of relevant business principles and helping them to apply these.

3. Practical Applications and Case Studies

These case studies are suitable as general reading matter for all management professionals, but they have been included for a specific purpose in this book. First, each case illustrates the subject under study and discusses its practical application to a real business. Second, each case has been carefully selected to portray a diverse range of businesses in varied contexts, providing material for business management students holding basic qualifications and business executives. No matter how low or high students’ qualifications may be, these case studies will be of substantial benefit to them since they cover most common subjects in business. Third, business objectives, financial management, and business functions can sometimes be rather dry subjects. This book contains additional practical, more lively material that will prove valuable to students and professionals.

This section provides a selection of business management case studies and their practical applications to help the reader understand and better relate to the subject of business management. The case studies include a broad spectrum of businesses in varied contexts, providing material for business management students and professionals. Each case illustrates the subject and discusses its practical application to a wide range of businesses. Some suggested answers and detailed teaching notes are provided in case the individual using these case studies is involved in teaching business management.

4. Career Opportunities in Business Management

After students have completed their degree programs, they will be able to find many different types of jobs, such as working as an accounting clerk, bookkeeper, accountant, records manager, administrative assistant, purchasing agent, or budget analyst, all of which would help to keep a business running smoothly.

This can be very beneficial in the sense that students may obtain training in such things as sales, purchasing, marketing, accounting, administrative techniques, and management as it applies to many different types of companies and organizations. Students learn these important business aspects of a business, which will help increase their chances of obtaining a job and advancing in their career.

Business Management programs are designed to introduce students to the various aspects of business. They are also designed to give students a fundamental knowledge of how organizations operate and in order to help understand and manage the administrative functions that are related to their position of work.

There are a number of individuals who have found that a degree in Business Management is exactly what they want in order to move forward in their career. In fact, you may be currently employed in some area of business where you feel that you can learn more and better techniques to be more efficient or possibly you would like to move into a different area of business.

5. Conclusion and Future Trends

Business management is the combination of activities that contribute to applying knowledge, experience, skills, and talents to contribute to the well-being of organizations, related people, and society. Business management seeks to make resources, which include facilities, personnel, technologies, and any other kind of information, as productive as possible, with the goal of contributing positively to the well-being of organizations, the people who work in them and cohabit with them, and society in general. With the increase in the number of people graduating in the field, there is a greater concern for the development of people, companies, and society. Studies are expected to be disseminated with approaches other than positivist, with a good number of surveys. Thus, there is a need for the convergence of interpretative, critical, and scientifically designed studies. Companies demand managers specialized in problem-solving and constant concern for quality. Therefore, the study of business management is essential for graduates who are able to honorably fulfill their professional qualification.