Importance of Studying Business Management. This article explains the importance of studying Business Management as a student and the courses under the scope of Business Management. It further explains how Business Management helps businesses grow in society.
WHAT IS BUSINESS ADMINISTRATION?
Business administration focuses on the organizing, planning, and analyzing of business activities that are required to efficiently manage and run a business.
business administration degrees have become an increasingly popular choice for students and professionals who want to take their careers to the next level. The course aims to develop a strong foundational knowledge of the business world and complex management theories.
WHAT IS THE HND IN BUSINESS MANAGEMENT
The Higher National Diploma (HND) in business management is a globally recognized course that helps students kick-start their business career, covering areas such as:
- Understanding the business environment
- Management and operations
- Human resource management
- Management Accounting
- Business law
- Project management and organizational behavior
- Business strategy
- Team development
- Entry requirements
- IELTS score of 5.5 or above
GCSE Advanced level profile demonstrating strong performance in a relevant subject
An Access to Higher Education Certificate offered by a recognized institution 2 years of relevant work experience
WHY STUDY A BUSINESS MANAGEMENT COURSE
HIGH DEMAND: Management roles are present in all sectors, irrespective of the industry. This means there is a high demand for experienced graduates to fill managerial positions. Pursuing a course in business management can provide you with a competitive advantage in the job market.
WIDE RANGE OF SUBJECTS: During this course, you will be able to specialize in various subjects such as event management, luxury management, human resource management, or sports management. You will also have the option to pursue subjects that are not included in the course structure such as finance and entrepreneurship.
NETWORKING: When studying for your business management degree, you will have the opportunity to interact with like-minded people, listen to their ideas and share yours. This will also help you understand the business world from other people’s perspectives.
INSIGHTS INTO THE BUSINESS WORLD: During the course of your study, you will become familiar with the way businesses work. The course will help you become understand the functioning of businesses at a global level and equip you with skills that will come in handy in your professional growth.
TRANSFERABLE SKILLS: Since this course is a stepping stone towards entering the business world, the knowledge you will acquire will be applicable to all types of businesses. It also helps you to learn practical, transferable skills which can be applied to the workplace.
ENTREPRENEURIAL OPPORTUNITIES AFTER PURSUING AN HND IN BUSINESS ADMINISTRATION.
BUSINESS DEVELOPMENT MANAGER: The role of business development managers requires them to design growth strategies and plans, have deep insights about products and services, identify business strengths and potential customers, understand customers’ needs, and analyze areas that need improvement.
TEAM SUPERVISOR OR TEAM LEADER: If you take up this role, you will be expected to: supervise a team of subordinates, provide constructive feedback based on their performance, identify the strengths and weaknesses of each team member, set goals for each individual and encourage and guide them to achieve those goals. A team leader, on average, earns about £24,210 per year.
BUSINESS CONSULTANT: As a business consultant, you will be responsible for assessing the areas of improvement for a particular business and helping the company overcome them by providing effective solutions. Business consultants could work in areas ranging from marketing to accounting.
PROJECT MANAGER: The job responsibilities of a project manager include developing, executing, and managing projects, budgeting and devising communication plans, and allocating goals and tasks to subordinates.
MARKETING CONSULTANT: Marketing consultants can work independently or as part of a consultancy firm. As a marketing consultant, you will need to track sales, develop marketing tracking methods, devise new marketing strategies, and improve the existing ones.
Business administration professionals are generally well-paid. However, their salary range largely depends on their area of expertise and the industry they work in.