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Tag: Business Management Certification

Which Sectors Could Have Half A Million Job Openings For Beginners And Older Workers?

Posted on by Imarticus Learning

Introduction

In today’s apprehensive era, employment is changing its dimensions like never before. There create uncertainty and panic. A gap between the demand for jobs and skills required for it is quite evident. A lot of sectors are going through ambiguity as to what will happen next, in terms of demand, supply, distribution, hiring, and much more. So, the question that arises is what is the scope of business management in a VUCA environment? Which sectors will contribute heavily in generating job and income opportunities?

The sectors which will see growth in hiring

Technology: With the advent of new technologies, there is an increasing blend of life and work for a new reality. We are ever so connected at a global scale which has evolved the job scenario, mindsets and skills. Tech companies are hiring exponentially as they move to capitalize on a world shifting increasingly to digital as a result of the coronavirus.

Technology in Business ManagementDespite mass lay-offs elsewhere and growing concerns over plummeting global markets, Technology companies like Amazon hired more than 100,000 people. Working seamlessly from home and learning on the go has already been a known corner in the technology space. These days, as other sectors are still accepting the shift, the tech companies are way ahead of it.

Banking & Finance: In a disruptive and technological time, banking and finance professionals will emerge as the innovators, pivoting on data to direct businesses into the future. These businesses will also serve customers on a global scale. A good understanding of disruptive technology such as blockchain, cryptocurrencies and digital reality will be required to lead the banking and finance sector into the new age.

Banking and Finance Future banking professionals should be skilled at not only theory or practical aspects of banking but should also have an edge in technological skills. Job profiles such as financial analysts, risk managers, financial forecasts etc are very lucrative and promise overall career growth and development.

Communications: With every passing day we realise how communication plays a very important role. It is indispensable and pretty many drives the free flow of information in the economy. Automation, digital platforms, and other innovations in all our life dimensions are changing the fundamentals of work. This has put a greater emphasis on the importance of strong communication skills.

 The capability to articulate our point of view to influence and engage the stakeholders will be vital, whether it’s customers, media, employees, shareholders, community groups, government or regulators. It is imperative to communicate effectively if we want to establish valuable partnerships. This is where the role of communication professionals comes into play. Content creation, PR and Branding management etc are rising opportunities.

Market Research: With the broadening scope of business management, a lot of new avenues are being discovered. Businesses are exploring and scrutinizing these areas with comprehensive research to assess the feasibility for the same. At such a time the demand for professional researchers has increased.

Business ManagementResearchers who are an expert with statistical tools, data analysis and techniques, observations etc are growing in leaps and bounds. These researchers are also hired to solve various kinds of problems that an organisation faces and are paid heavily for it. A Business Management training will give you better insights.

Website development: Due to the online shift, all businesses are investing in developing their online presence. The first way to grab a consumer’s attention, online, is through a strategically designed and developed website. Owing to such scenarios, website designing becomes very crucial. User interaction and User experience have been the buzz of the digital town.

A good website is not only the one which has an interactive design but which is also intuitive is by nature. With website development, comes a lot of interconnected technological profiles such as that of an SEO manager, SEM specialist, graphic designer and much more.

What is Business Management Program?

Posted on by Imarticus Learning

Businesses have grown very dynamic over the past few decades with improvement in technology and the evolution of business processes. This evolution has made businesses and organizations more customer-oriented by leveraging cutting edge technology to address traditional problems. There are a lot of variables that affect the functioning of a business enterprise today. This dynamic adoption of new technology and processes has made businesses more complex than ever.

Understanding Business Management

There is a growing need for superior businesses management professionals who can handle and manage this complexity and run the business efficiently. Business Management programs can be defined as an educational discipline that imparts relevant knowledge and training related to planning, analysis, supervision and execution of a business organization. A business management course helps to provide a holistic understanding of businesses in general.

This is designed to provide in-depth knowledge about any business including company establishment, production, marketing, sales, human resource, finances, etc. The roles and responsibilities for business management professionals include managing administrative tasks, assisting in marketing endeavours, performing budget analysis, suggesting cost-cutting strategies, accounting and financial analysis, etc.

Since you will be working in the capacity of a manager you are responsible for overviewing all major operations of the business by supervising the respective teams to achieve their goals. The exact roles and responsibilities of a business management professional might differ depending upon the nature of the business and the industry that your business operates in.

You will need to oversee the business operations and identify any existing discrepancies. In addition to this, you will have to review contracts and help employees boost their productivity by managing the day to day receivables from the teams working under you. At times you can be called for supervising or training recruits, planning important events for the company and other important decision making tasks.

Skills Required for Business Management

The roles and responsibilities of a business management professional are very diverse and require you to overview a majority of business functions related to sales, marketing, finance, etc. This requires you to have a range of skills to succeed as a business manager. The first and foremost in the list is strong analytical abilities; you will need to perform complex business analysis and forecast the future demand for the products or services sold by your business.

The second most important skill in the list is a soft one and doesn’t have to do with the technical aspect of managing a business. You need to be a team player and have leadership acumen at the same time. Since you are responsible for managing teams across multiple segments, you need to keep them motivated and should be able to help them achieve high productivity levels. In short, you should be able to inspire and motivate your employees so that they don’t lose sight of their goals.

Scope of Business Management Program

The scope of a business management degree is enormous, the reason being that it has a broader perspective. It teaches you skills that you can use for businesses in multiple industries and doesn’t limit you to a specific sector or business. The exact set of opportunities you have will differ as per your qualification.

If you have completed a business management program for your under-graduation by completing your BBA or BBM then you will have access to entry-level jobs in the industry. In case you have completed your master’s in business management, you will have access to all managerial level jobs depending upon the specialization.

The specific roles and responsibilities of your job will also vary depending upon your specialization for the business management program. There are various specializations for undergraduate and postgraduate business management programs including finance, marketing & sales, human resource, digital marketing, international business, foreign trade, banking & insurance, etc. The scope for business management programs is huge!

Feasibility Study: Types and Importance in Business Management!

Posted on by Imarticus Learning

Feasibility study, as the name indicates, is an analysis of the feasibility of a project both technically and legally and if it is economically justifiable. This helps an organization from making the wrong investment. A project can be unreasonable for many reasons. Some might require too many resources that would keep them from doing other tasks.

This might eventually cost the company more than what they have invested in the projects.  A good feasibility study covers key areas like the details of the services or products related to the project, account statements, legal obligations, tax requirements, financial data, and policies. Some projects might require additional investment in technology and for implementation of the project. Feasibility study finds relevant in the current-day business landscape which is severely affected by the COVID-19 pandemic.

Many organizations prefer to ensure the feasibility of a project before investing in that. This makes it an excellent career choice more than ever. To pursue this career, you may enrol in a Business Management Course.

Different Kinds of Feasibility Studies

Depending upon the type of project evaluated, feasibility studies can of different types. Some important types are:

Business Management CourseTechnical Feasibility Study 

In this type of project assessment, the focus is on technical resources in a company, and if their technical team is skilful and capable of converting the concepts and ideas into practical working models. The person is also responsible to evaluate the technical requirements including software, hardware, and other components.

Economic Feasibility Study

As the title suggests, the role deals with the cost factor. This role is designed to help the organization to decide if a project is viable and economically feasible, after evaluating various factors. This is done before allocating the financial resources needed for a project. Assessing a project independently also helps enhance the credibility of that project, and to evaluate the economic benefits the proposed project brings to the organization.

Legal Feasibility Study

While finalizing and approving a project, it is important to make sure that it does not conflict with the legal aspects about the subject – data protection rules, social media regulations or zoning laws.

Business Management CourseFor example, if an organization is planning to build a new office or moving to new premises, the legal feasibility manager is responsible for making sure that that kind of business is allowed in that location, and that locality is not part of any special zone with restrictions to certain businesses.

Operational Feasibility Study

Operational feasibility assessment involves a thorough analysis of a project and its outcome to determine if that project can satisfy the needs of the organization. Mostly requirement analysis is done while the system development is in progress, and while doing a feasibility study, the capability of the project to satisfy the needs identified during requirement analysis.

Scheduling Feasibility Study

For any project, the timeline is important. A project will not be able to deliver the expected result if not completed on time. Scheduling feasibility is concerned with estimating how much time would it take to finish.

The Relevance of the Feasibility Study

Organizations need to invest in the right project. So before committing, organizations prefer to analyse the project in terms of resources, budget, and time. Sometime, feasibility studies could help to unearth a new idea or scope. Also, conducting a feasibility study is important for the stakeholders to get a clear picture of the project. Conducting such a feasibility study has many other benefits including:

  • Helps in decision-making (about the project).
  • Improves the success rate by assessing multiple factors.
  • Identifies and establishes a strong reason to take on the project.
  • Recognizes new opportunities for improvement.
  • Identifies flaws and unreasonable grounds to call off a project.
  • Improves the focus of the project team.

You now know the importance of feasibility studies. If you want to pursue a business management career, enrol in a good course offered by a reputed organization like Imarticus Learning.

Not only you get business management training from good faculties, but also get to build your network and secure a good job. Imarticus has partnered with many leading organizations to get a good launching pad for their students. After all, what could be a better beginning than working with a market leader!