what does business studies entail

what does business studies entail


What does business studies entail?







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What does business studies entail?






What is the business studies?





<b>Business Studies</b> is a broad subject in the Social Sciences, allowing the in-depth study of a range of

specialities such as accountancy, finance, organisation and marketing.




Its study combines elements of <b>accountancy</b>, <b>finance</b>, <b>marketing</b>, organizational studies and

<b>economics</b>. Business Studies is a broad subject in the Social Sciences, allowing the in-depth study of a range

of specialties such as <b>accountancy</b>, <b>finance</b>, organisation, human resources <b>management</b> and










What are the different types of business degrees?






<b>Here’s a sampling of the majors covered:</b>

* Accounting.

* Finance.

* Business Administration and Management.

* Marketing.

* International Business.

* Business Communications.

* Real Estate.

* Human Resources Management.









What does business studies entail?





Studying for a business and management studies degree allows you to develop a broad understanding of business

organisations and provides you with subject-specific knowledge in areas <b>such</b> as markets, customers, finance,

operations, communication, information technology and business policy and strategy.




Who is known as the father of Business Studies?





This lesson examines the life and works of <b>Peter F. Drucker</b>, who is considered the Father of management theory.

It looks at his life, his books on business processes and his ability to predict management trends.











How long does it take to get a degree in business?





Depending upon your level of dedication, a business administration major can take the following time to complete:

Associate’s degree programs, which provide entry-level opportunity, usually take <b>two years</b>.


A bachelor’s degree program takes <b>four years</b>. Master’s degree programs and MBAs generally require <b>one to two








Why do some businesses fail?





Reasons. <b>Businesses can fail</b> as a result of wars, recessions, high taxation, high interest rates, excessive

regulations, poor management decisions, insufficient marketing, inability to compete with other similar

<b>businesses</b>, or a lack of interest from the public in the <b>business’s</b> offerings. … poor inventory



















How many subjects are there in business management?





You’ll study <b>12 subjects</b> across 18 months, including core, foundation and elective or specialism modules. Study

topics include management, marketing, strategy and finance.




What is the importance of business studies?





The <b>Importance</b> of <b>Business Studies</b>. Posted on February 3, 2017 by mariamavromichalos. <b>Business</b>

activity affects the daily lives of all people, as they work, spend, save, invest, travel, and play. <b>Business</b>

influences jobs, incomes, and opportunities for personal enterprise and development.











What jobs you can get with a finance degree?






<b>Here are some options to consider as you explore careers related to a finance degree.</b>

* Financial Planner. …

* Financial Analyst. …

* Investor Relations Associate. …

* Budget Analyst. …

* Actuary. …

* Accountant. …

* Credit Analyst. …

* Attorney.








What does a career in finance do?





Most people who earn a bachelor’s in <b>finance</b> work in areas including commercial banking, <b>financial</b>

planning, investment banking, money managing, insurance and real estate.


Other areas of interest are <b>finance</b> include private equity, commercial lending and sales and trading.











What kind of jobs are there in business?






<b>Career Field – Business</b>

* Career Information & Resources.

* Career Guides: Multiple Fields.

* Accounting.

* Consulting.

* Entrepreneurship / Small Business.

* Finance.

* Human Resources.

* Leadership Development Programs (or Management/ Training/ Rotational Programs)














What is the importance of the business?





<b>Business</b> is extremely <b>important</b> to a country’s economy because <b>businesses</b> provide both goods and

services and jobs. … <b>Businesses</b> are also the means by which many people get their jobs. <b>Businesses</b>

create job opportunities because they need people to produce and sell their goods and services to consumers.





What is the average salary of a business major?





Though salaries for engineers didn’t increase as much as salaries for other specialties, engineering is still the

top-earning degree, with an average 2013 starting salary of <b>$63,000</b>. That’s up 4% from 2012. Computer science

majors come in second. Business majors make the third-highest salaries at <b>$54,000</b>.



















What are the most common causes of small business failure?





The most common reasons for business to underperform (low productivity, low profits) or fail (<b>bankrupt</b>, cease

being) are as follows:


Poor cash flow management. Absence of performance monitoring. Lack of understanding or use of performance monitoring







<b>10 Common Pitfalls of New Entrepreneurs and How to Avoid Them</b>

  1. Use a contract. …
  2. Create agile business systems. …
  3. Understand your payment terms. …
  4. Cover your legal bases. …
  5. Know the difference between employee and independent contractor. …
  6. Have legal agreements handy. …
  7. Don’t do joint ventures without an agreement. …
  8. Define your banking boundaries








Who is the mother of management?






Lillian Gilbreth





<b>Lillian Gilbreth</b> was the mother of modern management. Together with her husband Frank, she pioneered industrial

management techniques still in use today. She was one of the first “superwomen” to combine a career with her home life.







Who is known as the father of management?






Peter F. Drucker





<b>Peter F. Drucker</b>, father of modern management, dies at 95. <b>Peter F. Drucker</b>, revered as the father of

modern management for his numerous books and articles stressing innovation, entrepreneurship and strategies for

dealing with a changing world, has died.









What is a BBM degree?





Bachelor of Business Management (<b>BBM</b>), sometimes known as a Bachelor of Management Studies, is an undergraduate

program of three years. The <b>BBM degree</b> is designed to teach students the skills necessary to perform leadership

roles in the business and corporate world.








What are the 14 principles of management?






<b>Henri Fayol was able to synthesize 14 principles of management after years of study, namely:</b>

* Division of Work. …

* Authority and Responsibility. …

* Discipline. …

* Unity of Command. …

* Unity of Direction. …

* Subordination of Individual Interest. …

* Remuneration. …

* The Degree of Centralization.








What are the major causes of business failure?






<b>Six Reasons Businesses Fail:</b>

* Leadership Failure. Your business can fail if you exhibit poor management skills, which can be evident in many

forms. …

* Lacking Uniqueness and Value. …

* Not in Touch with Customer Needs. …

* Unprofitable Business Model. …

* Poor Financial Management. …

* Rapid Growth and Over-expansion.










What skills do you need to study business?






<b>The skills gained from a business degree are likely to include:</b>

* An understanding of how organizations operate.

* Strong communication skills (oral and written)

* Analytical and critical thinking.

* Problem solving.

* Decision making.

* Logical thinking.

* Presentation and report writing skills.



What kind of jobs can you get with a business management degree?






<b>Jobs where your degree would be useful include:</b>

* Construction manager.

* Human resources officer.

* Logistics and distribution manager.

* Marketing executive.

* Retail manager.

* Sales executive.

* Systems analyst.

* UX analyst.

















Why business is so important?





<b>Business</b> is extremely <b>important</b> to a country’s economy because <b>businesses</b> provide both goods and

services and jobs.



<b>Businesses</b> are also the means by which many people get their jobs.



<b>Businesses</b> create job opportunities because they need people to produce and sell their goods and services to










What are some careers in finance?





Some typical arenas for working in finance include in <b>actuary</b> (<b>insurance</b>), <b>corporate finance</b> or

<b>real estate</b>, financial planning, <b>investment banking</b> and money <b>management</b>.









Why would you start a business?






<b>But if you’re considering becoming an entrepreneur, don’t forget all the benefits that go along with it:</b>

* Flexibility. Work your own hours.

* More spare time (eventually). …

* Call the shots. …

* Set your own deadlines. …

* Sell how you want to sell. …

* Create your own environment. …

* Pursue your passion. …

* Create something from scratch



How much money can you make with a degree in finance?





A master’s degree in finance commands an even higher starting salary than a bachelor’s.


According to NACE, those graduating with a master’s in finance earned an average of <b>$73,000</b> per year to start

in 2012.










The median-earning half of graduates with a master’s in finance made between <b>$58,600</b> and <b>$83,900</b> out of

the gate






What are the different jobs in finance?




<b>Below are some common career paths in the financial-services industry.</b>

* Corporate Finance. …

* Commercial Banking. …

* Investment Banking. …

* Hedge Funds. …

* Private Equity and Venture Capital. …

* Financial Planning. …

* Insurance. …

* Public Accounting.

















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