Four Degrees You May Interest In
Management is the management of an organization, be it a private firm, a public organization, or even a government agency. The term also covers the supervision of individuals assigned to management. There are many levels in-between managers and directors, such as managers, principal officers, deputy prime ministers, and even cabinet members. The key function of management is to manage and direct the work of all the people involved in the organization. There are five crucial functions that all managers must fulfill:
Strategic Direction. Good managers think strategically and determine the best ways to maximize organizational resources. They analyze organizational situations, market trends, and competitor trends to develop strategies for conducting business. Strategic management is especially important in any venture-oriented business. It can be used to develop a marketing plan, operational plan, and business model to effectively promote and market a business.
Sales and Marketing. Good business management degree holders identify the target customers and target sales representatives. Good managers also set sales goals, create profit goals, and measure progress toward these goals. Good managers build sales teams by developing effective selling programs.
Financial Services. A financial manager analyzes and establishes financial plans, budgets, and policies. Good managers are also skilled at risk management, budgeting, investment, and lending. To become a financial manager, you need a bachelor’s degree in accounting. Some bachelor degree programs require a specialty in finance, business administration, or economics.
Engineering and Science. Engineers create the physical products we depend on every day. Good managers often have degrees in engineering, science, and technology. They use these degrees to improve the quality of products and to reduce the risk of designing the wrong product. Good engineers may also work in research and development, which utilize a variety of scientific and technological principles to solve problems.
Organizational and Human Resources Management. Managers may be involved with many aspects of employee relations, including recruitment, employee performance management, and performance appraisal. A business manager’s degree focuses on teaching you how to recruit and hire people effectively. You may also need to learn about benefits, wages, and other employee-employer relationships.
Accounting and Finance. Business management degree students study accounting and find out how to manage financial transactions, including invoicing, billing, and payroll. They may also learn about complex investment options, such as derivatives, options, and stocks. Graduates may also get jobs in banking, insurance, retail, and technology.
The majority of bachelor business management degree holders typically continue on to become accountants or human resources managers. However, many business managers choose to further their education and go on to obtain master’s degrees or PhDs in different areas. A master’s degree may be necessary if you want to teach management and research your chosen career.
Marketing. As a business management student, you will study marketing. A degree in marketing allows you to specialize in a particular area, such as strategic planning, advertising, customer service, and sales and marketing. If you want to open your own business, obtaining a marketing degree can help. Many graduates go on to become directors of advertising agencies, executives, and salespeople.
Finance. Business management bachelor degree holders typically specialize in accounting. A finance degree prepares you for senior positions, including CFO (Chief Financial Officer) and COO (Chief Operating Officer). Finance students learn about investing, management, and business finance. Graduates with a degree in accounting, however, generally have more job stability than those with a bachelor’s degree in business management.
Human Resources. This is one of the fastest growing fields in today’s corporate world. A job in human resources involves working with employees to build an organization’s best practices. The degree includes interning in an administrative position and training staff to handle employee benefits. Graduates with an HR degree earn jobs like recruiter, HR managers, and HR officers.
Sales representative. An associate’s degree in business management allows graduates to pursue career positions as a sales representative or marketing associate in a corporation or sales office. If you’re interested in becoming a sales representative, you’ll need a sales management bachelor’s degree, plus at least 3 years of experience as a sales representative or marketing associate in a corporation.