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Tag: Career in Business Management

Decoding success in the world of Online Business courses

Posted on by Imarticus Learning

Business courses are often beneficial to people who are interested in the fields of finance and business administration. An additional degree helps such candidates to build a network with industry professionals. With the rapid digitization of the education sector, online courses have been instrumental in helping students get jobs. Online BBA courses prepare students to pace themselves and focus on projects that will help them in the industry.

Can you find jobs after completing an online business course? 

To succeed in the field of business, a bachelor’s degree is a must. An online BBA course in India usually includes specializations like accounting, banking, or finance. This allows students to find their areas of interest and get the best education. 

BBA online courses Online degrees have grown in popularity as they are convenient and flexible. There is a common misconception that online degrees often miss out on having a holistic approach towards education.

Since business is a field that is constantly evolving, online degrees allow the addition of several programs tailored to fit the needs of students.

As a working professional, you can still apply for a degree in any business course. This is something that very few residential, full-time courses offer. 

If you focus on a business management course from a reputable institute, you can apply for jobs at top companies. Online business courses are ideal for students to build specific soft skills. These skills make candidates valuable employees and are a major factor in students getting the best jobs. 

  • Self Discipline and Improvement

Students who focus on online education, have to rely on themselves to communicate and interact with professors and students. While course materials are provided, students have to set their study time aside and prepare for tests and assignments on their own. This helps them to reflect on their abilities and improve themselves. 

  • Professional Experience

Online business courses are often designed by industry professionals. They guide students and help them complete projects that are based on actual case studies. Students can apply for internships and gain more experience. 

  • Schedule Management

In an online course, students are in charge of their schedules. They have to manage all commitments and make time to study and complete assignments. This helps them learn the basics of preparing and managing a schedule. Such a skill is essential in the business sector. 

  • Communication 

Potential employees are expected to communicate with each other and their team leaders. In an online course, students are encouraged to participate in interactive sessions and communicate with their peers. This helps them develop the necessary communication skills. 

  • Teamwork

Teamwork is important in business management and administration. Online business courses often require students to work in teams. They communicate with other teams and ensure the best outcomes in a project. This prepares them for the industry. 

How to ensure a successful career in business management?

To start a successful career in business management, aspiring candidates should focus on completing a business degree. BBA in Banking and Finance from Imarticus Learning is one of the best business courses. The curriculum is based on unique and holistic finance and includes practical applications of the subject. This is a full-time online course of 3 years and is ideal for students who wish to have a great career in finance and banking.  

BBA online coursesStudents are taught to use new-age software like machine learning, blockchain, AI, cloud computing, and IoT for business. Imarticus Learning provides an immersive educational experience for all students and supports them in finding suitable careers.  

Imarticus Learning’s top online BBA course in India includes industry partnerships that help students become specialists in finance and banking. The Placement Team at Imarticus Learning will also help boost your career. 

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.

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.

Top Business Management Questions and Answers!

Posted on by Imarticus Learning

“Management is the art of knowing what needs to be done, and doing it in the best possible way.”

-F.W. Taylor

From the above definition, we can absorb the basic principles behind any form of management; planning and its implementation. Building on these lines business management is scientific as well as the artistic process by which an organization plans, organizes, directs and controls its workings to maximize its profits.

Business management is often regarded as a lucrative career choice offering a wide range of roles from office managers and product managers to chief executive officers.  This is also a reason why there has been a sudden upsurge in the demand for business management courses like MBA.

A business manager usually needs to take key decisions about the operations of the business which directly affects its profitability. These decisions are usually domain-specific; financing, marketing, operations and human-resource-management, which maps the overall present and future trajectories of a business.

The relevance of business management in this era cannot be overstated as a business manager acts as the policymaker for organizations

What are some common business management questions and answers

  1. How businesses contribute to economic development?

The economic development of a country is measured by the growth in the gross domestic product of a country.

Business ManagementWhen business enterprises are doing well, they directly increase the GDP of an economy (profitably) leading to an increase in the country’s overall wealth.

Moreover, it also generates employment in a nation and increases the standard of living of the people. Therefore, business is the most important contributor to economic development.

  1. What is a SWOT analysis?

SWOT is the acronym for strengths, weaknesses, opportunities and threats.

Business ManagementThe strengths and weaknesses analyse the internal environmental attributes of a business which are under the control of the organization, whereas, opportunities and threats examine the external environment of the business which the organizations cannot control.

A SWOT analysis is an important tool for managerial decision making and is widely used across multiple business functions.

  1. How can one ensure that a business remains relevant and competitive?

To ensure that the business is competitive and relevant, one can develop the following strategies:

  • Spot emerging trends and developments pro-actively
  • Devise a strategy to expand and diversify operations
  • Make sure that the company can attract and retain good talent
  • Utilize scarcely available resources judiciously
  • Keep innovating and satisfying all its stakeholders
  1. Is management a science or art?

Management is an amalgamation of art and science, containing attributes of both. While on one hand it is based on certain principles, practically conceptualized, through a continuous process of experimentation, on the other, it leverages the creativity of personnel, based on one’s experience and knowledge to achieve desired objectives.

  1. Business ManagementHow could one get better results from its subordinates?

Management is the art of getting things done, by people or things. To achieve better results from subordinates one can either delegate authority and responsibility or arrange for employee training.

  • In delegation, a manager provides certain operational authority and responsibility to its subordinates, which builds a mutual relationship of trust, thus boosting employee morale and productivity.
  • A manager can also enhance the skillset of its employees by various training exercises like mentorship, coaching, seminars and so on.
  1. What is the difference between pro-active and Reactive decision making?

A pro-active decision constitutes making decisions in advance to plan for future contingencies so that risks are being dealt with even before they crop up.

Business ManagementA reactive decision making, on the other hand, is one where situations and risks are dealt with, as and when they occur. A reactive decision is taken for emergencies whereas a pro-active decision tries to deal with situational risks through predicting them in advance.

  1. Which approach of decision making is more appropriate – centralization or decentralization?

The choice approach completely depends upon the nature of the decision to be made.

When the decision has to be regarding the overall policies of the organization then a concentrated decision taken by a small group of people makes more sense as it ensures coordination throughout the length and breadth of an organization.

Conversely, when a decision on a particular function has to be made, a decentralized decision making allows the organization to leverage the benefits of specialized knowledge of the functional managers.

Therefore, for a decision regarding the debt-equity ratio in the company balance sheet, the company CFO would be more preferable compared to the board of directors who are more likely to take more centralized decisions, like the percentage of shareholder dividend.

  1. What is BPM life-cycle?

BPM stands for business process management. BPM life-cycle is for continuous business process improvement. It captures the entire business process in a structured way, then monitors and optimizes the process. This cycle of process improvement repeats continuously throughout the life of the processes.

Business Process ManagementA Business Management course from Imarticus learning will help you master the art of answering different questions from the business domain.