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Tag: Business Management Course

MBA degrees over the years and how to choose the right one

Posted on by Imarticus Learning

Traditionally, an MBA degree is offered as an on-campus option, where a student has to pause their career and cede their salary for it. But, in recent years, technology has shaped course delivery methods considerably, and most of the leading business schools are now offering part-time and online MBA courses. 

Due to the COVID-19 pandemic, a vast shift towards remote studies made aspirants opt for the online mode of education. Few of the world’s leading business schools have recently shifted to a complete online course curriculum. But, how do choose the right one? Here are the tips for settling on the right MBA course.

Tips to Choose a Right MBA Program 

Tip 1: Know Your Purpose  

While opting for an MBA program, it is vital to know the goals beforehand. Some aspirants wish to pursue the MBA to get a promotion, while others want to excel and get started in the business genre. For people who don’t want to leave their current job but want the degree to reach heights, an online MBA course will be perfect as physical meetings with new people, networking with industry experts, and reaching different companies might not be the primary priority. 

But, for a student who wants to get started in the business sector, physically meeting people is the primary criteria; hence, a traditional on-campus course will be ideal for them. 

Tip 2: Budget

While considering a business management course, budget is one of the primary deciding factors. While it is quite common to notice that on-campus courses are relatively costlier than digital MBA courses, it is essential to choose the suitable one.  

Few business programs also provide scholarships for deserving students. Hence, students who have a tight budget or are meritorious can check out the institution providing financial aids.   

Tip 3: Employability and Competition of Admission 

Institutions providing the best online MBA courses have a high employability rate. This factor is beneficial for students looking for a course that will provide them significant opportunities but within a limited budget. These online courses will groom them with all the amenities with options of industrial connection and a virtual networking ecosystem. The employability rate of a particular university is provided on the website itself, or it can be found on the internet if researched well. 

Additionally, an online business management course will give candidates options to study from their residence, with a minimum computer and fast internet connection requirement. Although most of the on-campus leading MBA courses have a high competition to get into due to their limited seat availability, these online programs have relatively more seats for students as institutions do not need to accommodate them on-campus. Hence, the competition to get into an online MBA degree course is somewhat easier for aspirants. 

It is easy to get lost in the different university prospectus when choosing an MBA program. Apart from these primary pointers, you can check – 

 

  • Class Profiles – 

 

Look at the profile of previously passed out candidates, where they are now, what positions are they serving, and others. This will provide you with the necessary idea of how the alumni have performed and your chances of success. 

 

  • Institution’s Reputation- 

 

Lastly, know about the national and international reputation of the university. A highly reputed institution will let its students connect with a large alumni base, thus widening the scope of employability and further studies. 

Hence, before choosing an MBA course, check out every above-mentioned factor to settle for an ideal one. Candidates should remember that both the digital and physical MBA’s have their pros and cons; hence it is crucial to choose accordingly. Imarticus offers some of the best management programs from some of the world’s renowned universities that one can choose from.

7 Factors to keep in mind while selecting an Online MBA program

Posted on by Imarticus Learning

Like any other study program, online MBA courses represent an investment of time and resources that will pay off by providing you with knowledge in diverse areas of management and business administration.

In order to make an informed decision when selecting the track that you want to follow with your online MBA course, it is strongly suggested to conduct a research process, whose complexity and duration are entirely up to you, with the objective of finding the program that suits your interests best.

Similar to what would happen if you were to invest in stocks or bonds, your research will result in a series of factors to take into consideration. This article intends to be an asset for you during this process and help you decide when choosing your distance learning MBA program. Among the factors to take into account, we would like to mention:

  1. Duration of the MBA program:

Considering the duration of the MBA program that you will be enrolling for, typically of one or two years, is key when making your decision, as this will have a significant impact on your experience. Besides having your diploma sooner or later depending on your choice, there are other elements to consider.

For instance, it is common to find younger people with less work experience in two-year MBA programs, as people that already have a solid, longer track in the labor market tend to be less willing to put a stop to their careers for longer periods, which is why one-year programs are usually their go-to. Also, two-year programs generally offer a more immersive experience, with tighter bonds and a better-established network.

  1. Cost of the program:

It goes without saying that the program fees must fit into your budget in order to pursue it, however, student loans are always an option for people willing to enroll in an MBA program. Even if the cost seems a little high to you, do not rule it out before knocking on all doors, loans included.

  1. Specializations offered:

Among the specializations currently in high demand, we find general management, marketing, and finance.

Lucky for you, Imarticus offers related MBA online distance learning programs in the areas of New Age Banking and Finance and Fintech.

This is merely a reference, but it is essential to keep in mind that one of the first things to consider when choosing a program is the possibility of pursuing a specialization that you like.

  1. Profile affinity:

Not all distance learning MBA programs have the same profile in terms of students’ backgrounds, post-graduation prospects, class composition, or culture in general. Make sure to find one that fits your profile.

  1. Program prestige:

Prestige is oftentimes overrated, but it certainly adds value to your diploma, hence to you. Do not make this your top priority, but acknowledge its importance and keep it in mind, since it does have an impact on your experience.

  1. Alumni feedback:

This is a great tool to obtain first-hand information about the reality of the program. Not all MBA online distance learning experiences are the same, and knowing the pros and cons in advance is advantageous.

  1. Your plans after finishing the MBA program:

Knowing what your goals are after obtaining your diploma will help you elucidate which program suits your motivations best. Whether you cannot wait to start your entrepreneurial project, or you are just looking for a way to increase your net worth after graduation, while exploring different career tracks, clarifying your objectives is a necessary step.

What job Can I Get With A Degree In Business Management?

Posted on by Imarticus Learning

Introduction

 The corporate structure has changed drastically in recent times. This has brought in the need for understanding the business better. Also, this has given rise to different job titles and functions and you have to be qualified enough to apply for these jobs. A business management degree would bring you in a position where you will be considered as an ideal candidate for the job.

 What is business management?

 Business Management refers to the act of managing all the functions and operations of the business to get productive results. People are entrusted with a different set of responsibilities and are held accountable for those activities. It also involves coordination with the other departments and also the delegation of responsibility.

Business Management is an integration of money, production of goods, machines, and innovation. Then the products manufactured are brought to the consumer with the help of sales and marketing functions.

Functions of Business Management

 Business Managers are at the helm of affairs at any kind of organization. Therefore, they are obliged to perform several functions. Some of these functions are:

  1. Planning includes both regular and strategic plans
  2. Building hierarchy and proper organizational structure
  3. Staffing
  4. Directing
  5. Taking control measures

Business Managers make use of different tools from the business management system to make decisions. A Business Management degree will give you a better insight into things that are important while managing or leading a business.

Jobs with a degree in business management

 A degree in business management will open the gate for a plethora of opportunities. A business management degree will enable you to look for opportunities in different domains including finance, marketing, etc.

A degree in business management gives you a holistic approach to how things work in the business world. Some of the popular jobs in this field are:

  1. Marketing Manager

Business management courseThe job of a marketing manager is to prepare a proper marketing strategy to bring the product and service offerings to potential customers.

With a degree in business management, you can apply for the position of marketing manager in different industries.

The job also includes identifying potential job markets for the organization.

  1. Business Analyst

Business Management Course

This job role is increasingly becoming popular in all kinds of organizations. Their job is data-oriented as they have to analyze huge sets of data to come to different conclusions.

These conclusions are then translated into business decisions. Data collection is also a part of the business analyst’s job.

  1. Investment banker

Investment banking is one of the highest paying industries. With a business management degree and a specialization in finance, you can easily become an investment banker. Investment bankers manage financial securities. Also, they lead to different mergers and acquisitions deals. This role is quite challenging but is equally rewarding.

  1. Sales Manager

Sales managers set goals in terms of revenues and the quantity sold. They strategize and formulate a way to achieve these goals. Also, sales managers contribute towards the preparation of budgets. They are equally involved in demand forecasting activities. Sales managers take care of different sales territories.

  1. Account Manager

Business Management CourseThis role comes into the picture in an organization that deals with different clients regularly. Account managers represent the entire company in front of the client. They are responsible for building relationships with clients. Also, they act as the face of the organization as they become the pivot of the two-way interaction.

This is not an exhaustive list. People with a degree in business management have experience in different domains.

This enables them to try their hands in different departments, functions, and organizations. Both junior and senior level positions are available for these degree holders.

Cultural-adaptation of internet and mobile-based interventions for Online MBA

Posted on by Imarticus Learning

The internet is now the primary source of information for many people. The Web has created a new way to live, work, and communicate. With this type of technology comes an increased need for cultural adaptation efforts to provide appropriate and helpful content to all cultures.

This blog post will explore how MBA students can serve by cultural adaptation methods to increase their understanding of various topics, such as globalization, business management course, and leadership styles.

business management courseWhat do you mean by cultural adaptations of the internet?

An example of a cultural adaptation of an internet resource would be an international business management course by Columbia University. To make the global content relevant to students, professors adapted parts of the system using examples from their home country.

For instance, Wu et al. (2001) mentioned that this type of adaptation could involve omitting specific material, changing the sequencing of topics, or inserting new examples to demonstrate the impact of different cultural beliefs.

How do culture and society influence the best online MBA courses?

The culture in which someone lives influences how they interpret their environment.  Therefore, international educators creating content for their target audience must clearly understand the target population’s values, beliefs, and customs.

For example, in Chinese culture, individuals value saving face and not embarrassing themselves or others. Therefore, if an international educator creates a distance learning MBA course based on western-culture assumptions, there is a risk that students from eastern cultures may misunderstand it.

distance learning MBAAdditionally, society can influence online education in those different societies to have different rules about the role of technology.

For example, internet access is available in Germany at most public places, and school-age children can use mobile phones in class under certain conditions. By contrast, Italy has strict laws against internet piracy.

What are the main challenges in designing mobile-based interventions for international online MBAs?

There are many challenges when creating mobile-based interventions to accompany an existing e-learning course. The expensive cost of developing these tools may lead some professors to avoid using them altogether.

Additionally, there is challenging to determine which devices to use to ensure that most students can freely access the content. Finally, for these mobile-based interventions to be genuinely accessible and helpful, online educators must understand how culture and society influence international students’ engagement with technology.

Why Enrol in MBA Course at Imarticus Learning

The world of finance is changing at a breakneck pace, thanks mainly to disruptive, cutting-edge FinTech technologies. The widespread adoption of financial technology has dramatically altered the global economy’s dynamics, leading to a surge in the need for skilled FinTech specialists.

The best online MBA courses combine hands-on instruction with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data to cover every key area of FinTech. The FinTech learning experience allows the student to apply what you have learned to real-world business problems and circumstances.

Some course USP:

  • The course lets the students learn job-relevant skills that prepare them for an exciting MBA career.
  • Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions. It will help students understand the practical implementation with real industry projects and assignments.

Contact us through the live chat support system or schedule a visit to training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, and Gurgaon.

How Is Digital Technology Changing Management Education?

Posted on by Imarticus Learning

Education, like practically every other facet of life today, has been touched by technology. For one thing, technological advancements have considerably increased educational opportunities in the management field of studies.

Learning spaces are being redesigned around the country to support this new form of education, such as online distance MBA, stimulating greater contact, and employing technology as a facilitator.

Digital Technology Changing Management Education

The application of the digital era is imposing on content, methodology, channels, and even the role of the teacher/trainer in management programs, and look at the face-to-face/online dichotomy including Personalised mentoring from any part of the world.

Technology has also increased communication and collaboration opportunities. Classrooms have traditionally been rather isolated, with collaboration limited to individuals in the same classroom or building. Technology now allows for types of communication and collaboration that were before unimaginable by introducing an online MBA course

Imarticus Learning Adopting Digital Technology For Management Education

Business Management CourseImarticus Learning utilizes technology to replace previous paradigms of standardized, rote learning and provide students with more individualized, self-directed learning experiences to aid them to become business management experts in the future. Within and outside of the classroom, there is increased encouragement for virtual dialogues.

Imarticus online distance MBA program assists you in developing critical thinking skills while learning about frameworks and models that will help you think critically about emerging business technology and become a business management expert. Their online MBA course includes live global classrooms through video conferencing, collaborative projects, and personal connections with teachers during virtual office hours.

Best Online MBA Courses Offered by Imarticus

They concluded that organizational and pedagogical interventions interacted to affect changes in student learning. Imarticus presented a novel school community model that focuses on the development of three key components, as fundamental to the progress of educational innovation related to the diverse use of digital technology are:

  1. Students’ Learning and Learning Environments
  2. Instructors’ Professionalism,
  3. Leadership, and Partnerships

Imarticus online Master of Digital Education Management program is meant to help students improve their leadership and management skills while also presenting them with the most up-to-date tools and educational technologies. Imarticus students will study the foundations of educational administration and online course creation, digital marketing, and the psychology behind new product development as part of their degree.

Business Management CourseAll registered students will be asked to study an entire online course and undertake an organizational analysis, a case study, or original research on a specific topic of interest in addition to their study load.

The finest MBA correspondence courses offered by Imarticus Learning are listed below:

  • MBA In Fintech (JAIN Online, Deemed-To-Be-University)

·         MBA In Investment Banking & Equity Research (JAIN Online, Deemed-To-Be-University)

·         Banking And Finance Management Program

Program Highlights

  • UGC approved
  • Extensive career support
  • Convenient weekend batches
  • Flexible hours

They’ve earned a spate of awards for their unique, cutting-edge tech-based teaching methodologies. They are firm believers in hands-on learning and go to great lengths to ensure that their students have a solid understanding of the skills that businesses want.

Take Away

Imarticus Learning has developed trustworthy relationships with global experts in Higher Professional Education to provide digital technology-based learning, deliver world-class training, and offer internationally recognized best online MBA Courses.

The Comprehensive Guide to A Business Management Career Path!

Posted on by Imarticus Learning

For a business to grow, it needs to have watertight processes and teams that function seamlessly towards common goals. However, that’s easier said than done– the numerous departments, teams, and procedures are entangled in a complex web that only an expert can navigate. This is where a business manager comes in.

Who is a business manager?

Business Management CareerA business manager is essential to the smooth functioning of any organization. A business management career involves supervising and leading a company’s operations and sets of employees.

It requires designing and implementing business strategies, maximizing employee productivity and identifying opportunities for business growth. In short, it’s an all-hands-on-deck career path. Here is a comprehensive guide to paving a business management career path for yourself:

  • Education

To become a business manager, hopeful candidates will need a Bachelor’s degree in business management at the very least. One can choose either an Arts degree or a Science one; although the approaches are different, both degrees prep students for similar roles.

With a successful business management undergraduate degree, candidates can jump straight into work or continue to pursue an MBA or a Master’s degree in business management.

  • Learning at work

The next step in the path to a successful business management career is learning the ins and outs of your managerial job. Plenty of learning in the world of business happens on the floor and with all hands on deck, rather than behind a desk in the classroom.

Familiarization stage: In this stage, a business manager will be expected to learn their key roles and responsibilities, whether that’s employee- or business-facing. They will also be assigned smaller tasks and projects to work on alone or with a team, depending on how big the organization is.

Task stage: The mentored experience gathered from the previous stage is critical to success in this level of your career. Business managers will now be expected to manage their tasks and supervise their teams on their own, without anyone monitoring. Naturally, this stage involves creative problem-solving, fast decision-making and putting analytical skills and business knowledge to use.

Strategy stage: Once business managers have shown themselves as adept at handling multiple tasks, they’re ready for the strategy stage. This is a critical stage that heavily impacts the inner workings of a business, from the way it’s organized to the way it meets company goals. Business managers at this level will be expected to make tough decisions while keeping several factors in mind, including business models, employee strengths, USPs, market outlook and industrial environments.

  • Upskilling

Business Management CareerSeveral business managers choose to work and study at the same time, by signing up for a business management course, certification or a diploma from highly-ranked institutions. These add weight to their CV and allow them to look at more avenues for innovation and exploration.

Upskilling is a great way to stay relevant, hone much-needed skills and keep up with a dynamic market, especially if technology is involved. It also enables business managers to apply for higher-ranking roles within the same organization, or develop the skills needed to shift tracks to another company.

Roles in a Business Management Career

A person with a business management degree need not strictly become a business manager. The knowledge gained in this field lends itself well to several other domains which intersect, including data science, HR and sales. Other than becoming a business manager, candidates with such a degree can look at the following roles:

  • Sales associates and managers

Business knowledge proves invaluable when marketing products and services to clients and increase brand awareness and loyalty.

  • Marketing manager

These roles involve promoting the business across channels and working with diverse teams to establish the company’s brand name and image.

  • Business analysts

People in these roles evaluate business data, spot anomalies and create actionable insights to improve business functioning.

The final word

Business management is a vast and complex field, and everyone experiences it differently. A determined attitude, razor-sharp wits and honed skills will help you stand your ground.

What is The Growth Potential in Choosing To Become a Business Development Manager as a Career Path?

Posted on by Imarticus Learning

What is the role of a Business Development Manager?

A person working as a business development manager has the key role of identifying sales targets or prospects in the market and with the help of his acumen, chasing the targets and converting them into customers of the business. The role of a business development manager is significant as he is the one having direct contact with the customers.

The person at this position must have prowess in certain fields especially in communication. A saying, ‘a person without a smiling face must never open a shop’ righteously concurs with a fact that the person presenting the offerings of the business must have a delightful personality suitable to persuade the buyers. Along with this, a business development manager must be well aware of every element of the business.

How business development management is evolving in the current scenario

Business Management CourseConsidering the present times of Covid-19, most of the businesses have been relocated to online platforms which have surged the workload of business development managers.

Now, the clients have to be pitched telephonically or by the way of using online social media platforms.

 Growth potential in business development management as a career path

Following points can help to elucidate the fact that how vast and resourceful the career path of being a business development manager can turn out to be.

  1. Field Options

Any individual from varying work fields like sales, marketing or even with a technical background can excel as a business development manager. This is a great speciality of this career. Along with business acumen and fair dedication, a great deal of personal insight is required to become a business development manager.

This also comes with experience. This blend of some knowledge of your field with experience can make you stand out in this particular career.

  1. Promotions

Working as a BDM can land you in a very good position. Any BDM who has a great experience of 5-7 years can be promoted as a strategic planner who has a great experience in designing the advertising and publicity programs and formats of any company. It is a great leap from a job that involved public dealing with a position where you have to assign work to the business development managers working under you.

With some recognizable experience as a business development manager, an individual can also secure the position of an Account Executive. This position requires a comprehensive set of skills as it does not only involve talking to prospects but it gives your company different clients.

The role of a BDM provides a lucrative pay-scale involving a greater proportion of incentives.

Business Management CourseFor professional assistance or to kick-start your career in business management, you can always rely on learning institutes like Imarticus which are always ready to provide you with various courses and placement opportunities in fields like these.

Business management aspirants must check the Business Management course and contact Imarticus and sharpen their skills before others do.

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.

The Top Tips to Become A Pro Business Development Manager!

Posted on by Imarticus Learning

In a strategic role in a successful organization, the ultimate goal of a Business Development Manager is to generate revenue and steer the company towards growth. The role is built on the fundamental responsibility of identifying new markets and exploring new ways to improve the business footprint in the current markets.

A business development manager is also responsible for identifying new qualified business opportunities, working on new partnerships, and ideating new products or services to cater to the changing needs of the clients and the market. Along with these responsibilities, a business development manager is also responsible for maintaining good relationships.

Business Management CoursesThe current COVID-19 situation has emphasized the importance of investing and relying more on digital transformation, with more emphasis on artificial intelligence and machine learning. Thus, the pandemic has reinforced the relevance of a business development manager and underscores the importance of focusing more on expanding the capabilities of this role to accommodate the digitalization of the business.

What Does a Business Development Manager Do?

While the basic responsibility of a business development manager is to grow a business, the actual job role and workflow will be different for different industries.  However, generally, the roles and responsibilities include:

Cold Calls: Though this is mostly done by a salesperson, business development managers might be asked to do cold calls as part of their job. However, in large organizations, this could be delegated to the marketing team or the sales team.

Generating Leads: Business development managers need to collaborate with other teams to generate qualified leads. For this, they might need to actively involve in developing growth strategies and business plans.

Customer Relations: Developing and nurturing customer relations is an important responsibility for a business development manager. This involves ensuring all concerns of the clients are addressed timely and satisfactorily.

Product Specialization: Business development managers should be able to provide specialist advice to clients. This requires an in-depth understanding of the product and/or services and value proposition of the company they are working for.

Other important responsibilities of a business developing manager include:

  • Identifying business strength and mapping the needs of clients.
  • Writing proposals and drafting/renewing business contracts.
  • Stay updated with the local and international industry trends
  • Negotiating with stakeholders

Tips to Become a Pro-Business Development Manager

Enroll in a Good Course: A good Business Management Course is the ideal place to start your career.  It gives you better subject-specific knowledge regarding customers, markets, finance, communication, business operations, etc.

Set Realistic Business Goals: There is nothing wrong with being ambitious. However, it is always better to set realistic and achievable business targets and work on strategies to achieve them. A clear goal with a deadline and a good strategy would help you perform well in this job.

Identify Your Strength: Identifying your strength is important to build confidence and to perform well in this role. You can work on your capabilities to crack a deal.

Find a Mentor: No one can guide you better than an experienced person with a wealth of knowledge in this role, who has been doing this for many years. A guide could help you handle the most difficult client and crack a tough deal.

Build Your Network: Attending career-related events will help you develop a network among professionals in the same field. Interacting with experienced people will help you gather insights and learn more about the profession.

It takes skills and qualifications to become a business management manager.  Learning from a good place like Imarticus Learning is beneficial not only in gaining the relevant qualification but also in building skills.  Projects and case studies are designed to help the students be market-ready when they complete the course. Also, tie-ups with the market leaders and placement services help you start your career from a prestigious organization right after completing your course.

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!