The branch of education that deals with a corporation’s planning, execution, oversight, and analysis are known as business management. This field of study covers the foundation of a corporation or an organisation and several functional levels such as production, finance, administrative, human resources, sales & marketing, and others.
Business Management Courses
Business Management is a broad diaspora in the academic world, encompassing a dynamic range of business management functions. Students can take up business management in their undergraduate (BBA/BMS), postgraduate (MBA/PGDM), and doctoral studies at numerous universities across the country, both in online and offline modes. The subjects covered in undergraduate courses are fundamentals of the domain, whereas the PG or doctoral levels focus more on advanced studies with specialisation subjects.
- Courses such as Integrated MBA, Bachelors of Business Management (BBA), and Bachelor of Management Studies (BMS) are available at the undergraduate level.
- Courses like Masters in Business Management (MBA) and Post Graduate Diploma in Management are available at the postgraduate level (PGDM).
Business management courses are open to students from all academic disciplines. After finishing this course, students are well equipped for careers in marketing, education, finance, sales, and government.
Most business management roles are well-paying jobs with plenty of scope for career growth. Hence, it has become increasingly popular among students and working professionals aspiring to take on management roles in top companies.
Business Management Course Curriculum
Business Management programmes cover advanced corporate ethics, leadership, and decision-making concepts. Essentially, it prepares students to be efficient leaders, managers, and entrepreneurs. Human resource management, economics, sales, and information technology are just a few specialisations available in business management courses.
What subjects are covered in business management?
A business management course curriculum gives students advanced business knowledge and skills while also introducing them to modern business practices. The following is the list of topics covered in the curriculum:
- Finance accounting
- Operational and information management
- Human resource management
- An introduction to marketing
- Microeconomics
- Business law
- Organisational behaviour
- Organisational strategy
An in-depth look at the different subjects of a Business Management course
The main subjects taught in Business management courses are –
1. Introduction to Management
It gives you a short overview of the basic management skills needed to organise, structure, regulate, and lead a company. It teaches learners the foundation for understanding how to manage and be managed. Consequently, they are better equipped to take vital business decisions. This subject aims to prepare students to identify and offer solutions for various administrative and organisational issues.
2. Human Resource Management
This subject focuses on effective leadership and management principles in modern organisations. Students learn about HR policies, international HRM, employment laws, team relations, etc.
3. Organisational Behaviour
It combines classic ideas with recent empirical debates about organisational structure. It introduces theoretical and practical research on individual, interpersonal, and group performance in the workplace. Training covers decision-making, motivation, leadership, teamwork, and corporate culture. The learning technique relies on using the human side of management through role-play exercises and group projects.
4. Managerial Economics
The course aims to demonstrate how economic theory applies to managerial decision-making and how resources are distributed and coordinated to achieve the organisation’s ultimate goal. It focuses on microeconomics principles and models to solve problems and identify the basic economic concepts and models. It includes:
- Consumer theory
- Production and applications to the labour market
- Market structures
- Product differentiation
- Decision analysis
- Pricing
- Asymmetric information
4. Business Laws and Policies
The primary purpose of the course is to familiarise students with the basic legal concepts and rules regulating commercial operations. It seeks to help students grasp how business policies are directly linked to the natural world.
5. Organisational Planning
One part of this subject focuses on strategic circumstances and how to use analytical techniques to assess a company’s competitive position. Students learn about real-world challenges and develop appropriate action plans using game theory. The second part of this subject looks at the evidence of various management styles and their effects on firm processes, organisational change, and corporate culture in today’s collaborative business contexts.
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6. Finance Management
One of the key subjects you must learn as part of your MBA degree in financial management. This course will show you how to compute financial measures such as profitability, liquidity, and efficiency. You’ll also learn how to use market ratios, debt ratios, and capital budgeting ratios if you study financial management. Thus, you get in-depth knowledge about budgeting and using business resources.
7. Human Resource Management
This subject teaches you how to manage a company’s workforce. You will have a better understanding of contemporary labour policies that protect both the worker’s and the company’s welfare. Human resource management seeks to enhance recruitment practices, employee retention, upskilling, etc.
8. Customer Relationship Management
Without efficient and effective customer relationship management, no organisation can compete in today’s market. This business management subject teaches you how to develop brand loyalty while optimising customer satisfaction. You’ll also learn new tactics to attract potential customers.
9. Marketing Analysis Research
Marketers must conduct marketing research before they introduce a new product or service. This specialisation teaches how to perform market research to gather relevant information from potential customers/clients and use this data in crucial decision-making processes.
10. Operations Management
Operations management is a crucial MBA subject. It teaches you how to deal with challenges such as quality, productivity, capacity, and supply chain management in business operations.
Extra Subjects Covered in Business Management Courses
Here are some additional subjects that many leading institutes offer in business management courses along with the core specialisation subjects:
- Business fundamentals
Generally spread across five parts, this addresses the fundamentals of corporate management and the background of establishing the business.
- International Scope of Business Development
This subject includes both business and non-profit consultancy assignments.
- Business Discovery Expedition
It focuses on the impact of political and cultural barriers on a country’s social, economic, and business environment.
- Futuristic Business Strategies
This business management module teaches you to evaluate critical global trends and their potential implications on market evolution, business models, and stakeholder interests.
- Executive management abilities
This module is about the difficulties and dilemmas faced by leaders.
Conclusion
In this era of startup culture, business management is instrumental for aspiring entrepreneurs. It covers all the essentials of business administration, management, and leadership. Organisations readily hire qualified and skilled MBA graduates from top colleges by paying hefty annual packages.
If you, too, wish to land a high-paying job profile, check out our Global Doctor of Business Management program. This 36-month curriculum is designed for working professionals with one-on-one thesis assistance and global research options.
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