by Jeff Jones
Running a business, either as an owner or a manager, has never been easy. But things have gotten tougher these days, particularly because businesses are forced to employ staff members with very high academic qualifications and skill sets. It’s hard for a company to run efficiently without a strong finance department led by someone with at least a degree in finance, an IT department led by an IT graduate, or an HR department headed by a qualified manager.
Now imagine being the boss of these professionals but having lower academic qualifications than them. It might not be easy! The stakes are too high for any business and for that, you need to study business management from a recognized institution if you want to succeed at your job.
Here are Six Reasons Why it’s Worth Studying Business Management
Reason #1 Why It’s Worth Studying Business Management: Business landscapes are constantly changing
Even as we acknowledge the importance of having hands-on, real-world experience, sometimes it’s not enough for a modern-day business manager. Experience means that you understand how business processes work and probably how the process will change in the future. But you may not have the necessary knowledge to predict long-term business changes. Now that’s where a management degree comes in. Advancing your knowledge opens up your mind to future shifts in business and prepares you to tackle those shifts when they eventually take hold. You need to know where the world is headed in terms of technological advancement and in all other aspects. Otherwise, you might be left behind.
Reason #2 Why It’s Worth Studying Business Management: It makes you marketable
A business management course equips you with invaluable skills, just like our Management 3.0 workshops do. New businesses are emerging daily and they need to hire professionals with skills. If you don’t have a job, you can rest assured that you’ll have one by the end of your course. If you are already in the job market, you will stand a better chance of getting improved employment terms once you graduate with a business degree.
Reason #3 Why It’s Worth Studying Business Management: It is globally relevant
Business is a global industry. Pursuing it as a college program and later as a career, gives you a global perspective. You can work anywhere, which increases your chances of getting employed. You’ll also stand a good chance of receiving international scholarships if you excel in your undergraduate studies. Going abroad is a great way to make human connections with international students, gain massive multicultural experiences and understand the world in a better way.
Reason #4 Why It’s Worth Studying Business Management: It gives you peers to consult with
Being knowledgeable is one thing, having someone to consult when stuck is another. Even the most experienced or educated person can face challenges. Often they can only be tackled with the help of your peers where you brainstorm ideas together and eventually find a solution.
Reason #5 Why It’s Worth Studying Business Management: Diverse knowledge and flexible career
A business management course, unlike others, has diverse options. You can graduate with a business degree but minor in human resource management, event management, supply chain management, and business consultancy, among other fields. This diverse knowledge breaks career barriers and allows for much-needed career flexibility.
Reason #6 Why It’s Worth Studying Business Management: It incorporates many transferable skills
Transferable skills help both in career and personal life. They include skills such as problem-solving, critical thinking, conflict resolution, motivation, speaking, report writing, and resource management among other areas.
Ultimately what you need is a skill-set that enables you to lead a more fulfilling life. Your staff look up to you for inspiration and leadership. It helps you understand people from different perspectives and solve their problems in a professional and satisfactory way.