As per the rating agency Moody, economic growth is estimated to grow up to 9.5% from 7% for the fiscal year 2022 during pandemic situations. The economy of any country or global economy depends on businesses. So as per the economic reports, businesses are to prosper, and for the smoother functioning of any business process, you need business management professionals to make things happen. So, there is a growing requirement for business management professionals.
The demand for business management studies is overwhelmingly rising globally. Moreover, according to the study revealed by Statista, the industry revenue of business schools, management institutes, and computer training schools in the US has reached $12.67 billion in 2020 from $9.89 billion in 2012. This is a spectacle of a 28% growth leap within a very short period.
Be a Seasoned Business Manager
Importance Of Business Management Study
Skills & Expertise Gained From A Business Course
Careers /Jobs After A Business Degree
Salary Expectations With A Business Management Degree
Top Universities Offering Business Management Degree
Key Highlights
As per the news article BusinessToday.in i.e. "India's B-school market is maturing", India has 4000 B-schools that up make one-fourth of 15000 global B-schools.
Experts in the US estimate that the business management education industry will earn more than $14.1 billion in 2024.
Pandemic has not affected the placements of IIM qualified business managers, and the demand for tech-savvy managers is surging.
Importance Of Business Management Study
The management body of any organisation remains responsible for sustained monitoring, direction, and implementation of planned strategies and resource distribution to achieve organisational goals and meet company objectives. There are several roles that form the core of business management. These include finance, human resource, marketing, communication, strategy, etc. And so, without proper or efficient management, no process, whether in political affairs or at home can work out.
Similarly, business managers are entitled to play the pivotal role of keeping every process working seamlessly within the framework for businesses and companies. Thereby, professional training from a renowned management institute can be the turning point of your early or mid-career.
A professional management course prepares the students for business challenges and teaches the latest management concepts. Leveraging the industry expertise and learning the key skill sets that let them thrive in the corporate world helps them sustain their success in the professional world in the long run.
Skills & Expertise Gained From A Business Course
In your early or mid-career, you need a powerful thrust to gear up your professional life and accept higher challenges and career roles. To go up the ladder in the business management profession, you not only need knowledge but also skills. An executive programme in business management grooms and polishes your understanding and potential in the right direction and dimension with requisite skills.
People Management: When working in an organisation, one has to certainly strive for professional excellence, but as a leading manager, one must be able to work cohesively as a team. Business management professionals need to communicate, manage, motivate, and lead teams and employees at the workplace and manage other collaborates.
Management of resources to materials, and deliveries to fund sources requires excruciating skills in people management. Business management programmes over a detailed insight into strategies required for motivating and driving employees to an organisational goal, monitoring personnel, team management, resource handling, etc.
Management & Leadership: Management inevitably involves effective leadership and management skills. The role of a good and effective leader cannot be undermined in the organisational context; leading organisations like Amazon believe that a candidate who positively influences the people they work with is the strength of an organisation. As per Deloitte's 2016 Global Human Capital Trends report, 86% of 3,300 business and HR leaders considered leadership to be very important for the organisation's growth.
Leadership primarily refers to projecting an idolising work role model in the workplace, motivating team members, innovative and progressive thinking, inspiring and directing them to achieve targets. Management stands for logical and priority-based supervision and controlling of processes and workstreams. And hence nurturing leadership quality has become a significant part of most of the executive management courses like the executive program in business management by IIM Bodhgaya.
Organisation & Planning: No business or company can prosper without organisation-oriented analytical planning. Planning helps to systematically organise workflow, achieve targets, manage goals, and aspire for future goals. Business management studies help to acquire the right understanding of planning.
Operation Management: Streamlined business operations ensure that businesses are functioning well and productivity is not affected. In a business, every different operation or process has importance. Co-operation and coordination among operations require modest management, yet another skill you can learn from business management programmes.
Consumer-Focused Decision Making: Customer satisfaction is the core of any business. It plays an integral role in gaining more market share and easily facing the competitive market. Hence, every company strives to create a consumer-focused strategy.
Strategic decision-making based on market analysis, consumer requirements, surveys, and feedback, plays a vital role in business success. An executive programme in business management helps you to achieve an understanding of the market study, consumer survey processes, understanding market rivalry, and so on; to plan business development accordingly.
Design Thinking & Innovation: Innovation and creative thinking pave the way to building a brand and standing out in the crowd. Business management encompasses the study and evaluation of innovation and design implementation in product and service management in every business.
Digitalisation and AI: Technological interventions have brought a paradigm change in the global forum, and it has streamlined business processes. By 2027, around 80% of the retail companies will adopt AI, powered intelligent automation. E-commerce to digital payment, shopping apps to digital marketing, business in this century indistinctly co-relates to the use of AI and digitalisation in small-scale to large scale businesses. At IIM Bodh Gaya programmes designed for business management professionals, one gets to learn Digitalisation and AI for competitive advantage.
Careers /Jobs After A Business Degree
Business management studies open your career profile to a wide variety of job opportunities. Most highly acclaimed job roles after pursuing a business management degree include general business management, financial analysis manager, process manager, strategy development manager, product development manager, retail manager, data analytics manager, etc. you can aspire for a career in different industries like retail, e-commerce, banking, products, and services, etc.
Salary Expectations With A Business Management Degree
Managers with a professional understanding and executive certificate in Business Management can earn better than those without any specialised qualification. If you are already holding a job in a business management profile, you can boost your career scope to the top 10% of employees in the market who fetch almost as high as ₹28.0 lakhs per year, according to Ambitionbox. However, the salary range is ₹ 2.7 Lakhs to ₹ 28.0 Lakhs. As per PayScale, the average salary of a business manager is ₹873,354 per annum.
Top Universities Offering Business Management Degree
Many institutes in India offer business management courses. Here are the five leading Universities offering business management courses for professionals.
IIM Ahmedabad - Indian Institute of Management, Ahmedabad is a well-known institute that offers elaborate post-graduation level management study courses. Some are ePGD in Advanced Business Analytics, Executive Programme In Business Finance, Senior Management Programme, etc.
FMS Delhi – One of the founder members of the AMDISA, it has been a top management university in the country for over 70 years. Courses are designed for professionals , and the institute is accredited by National Assessment and Accreditation Council (NAAC).
DMS IIT Delhi – Established in 1997, within a few years Department of Management Studies, Indian Institute of Technology, Delhi has bagged a lot of acknowledgement and appreciation. It offers affordable and convenient management programmes and is a co-educational government college.
MDI Gurgaon – Recognised and accredited by AICTE, Management Development Institute Gurgaon came into operation in 1972. Currently, it ranks 11th as per NIRF Ranking 2021.
Indian Institute of Management Bodh Gaya offers an Executive Certification Programme in Business Management for professionals. It covers several advanced modules and concepts like Economic Environment and Managerial Economics, Group Dynamics, Team Management and Leadership, Operations and Supply Chain Management, Marketing and Consumer Decision Making, Financial Management and Forecasting, Strategic Management, IT and Analytics, Design Thinking and New Venture Development, Management Consulting, etc.
So, if you are looking for a professional and career-oriented management course, IIM Bodh Gaya programme nails your search down to a stop.
To know more: https://timestsw.com/course/general-management/iim-bodh-gaya-executive-certificate-programme-in-business-management/
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