What Is Business Management? And Why It Can Be a Great Career Choice

What is Business management

What is Business Management?

Business management is the process of planning, organizing, directing, and controlling the activities of a business or organization to achieve its goals and objectives. It involves overseeing all aspects of a business, from finance and operations to marketing and human resources. Business managers must be skilled in leadership, communication, and problem-solving and must be able to make strategic decisions that drive the success of the organization.

Every Organization Needs Leaders

Not everyone can be a leader or manager at work, and many people don’t want the responsibilities of overseeing employees and processes. Fortunately, others feel called to work in management roles and want to make a meaningful impact on their teams and their employers.

Some managers go through company training to learn the skills they need. Others who are new to management “learn by doing,” having to figure things out as they go. Some entry-level managers start the job with formal management education under their belts, which helps them be more confident in their supervisory roles.

Executive Program in Business Management at IIM Visakhapatnam

Elevate your career by mastering leadership principles, strategic thinking, and management at one of India’s premier business schools, IIM Visakhapatnam. Attain Executive Alumni status and enhance your professional journey.

Program Curriculum

  • Module 1: Fundamentals of Business Management
  • Module 2: Marketing Management
  • Module 3: Finance and Accounting
  • Module 4: Operations and Supply Chain Management
  • Module 5: Human Resource Management & OB
  • Module 6: Leadership Fundamentals
  • Module 7: Strategic Management
  • Module 8: Enterprise Risk Management
  • Module 9: Business Analytics and Data-Driven Decision Making
  • Module 10: Digital Transformation
  • Module 11: Artificial Intelligence for Leaders
  • Module 12: Capstone Project

Program Strengths at a Glance

1. Completion Certificate

Receive a prestigious completion certificate, validating your mastery and commitment to excellence.

2. Campus Immersion

Experience a transformative learning journey on campus with insights from industry professionals.

3. Engaging Simulations

Participate in immersive simulations for strategic thinking in a dynamic, risk-free environment.

4. Exclusive Merchandise

Enjoy IIMV’s exclusive merchandise kit, a meticulously curated gift to enrich participants’ experience.

Earn a Recognized Certification to Boost Your Career

  • Worldwide Recognition:

Acquire a globally recognized certification, opening doors to opportunities worldwide.

  • Top College Endorsement:

Earn a prestigious certification from a top-tier college, validating your expertise.

  • Lifetime Validity Assurance:

Enjoy the assurance of lifetime validity with your esteemed college certification, ensuring your achievements stand the test of time.

Managers Are in Demand Today

The Bureau of Labor Statistics (BLS) expects employment in management occupations to grow 8% between 2022 to 2032, faster than the average for all occupations. With a projected 1.1 million openings each year, the opportunities for you to work in management are broad.

Career Opportunities in Business Management

If you do some research online, you’ll see a variety of entry-level manager positions, including positions like these:

Position Job Summary 2023 Median Pay (INR)
First-Line Supervisors of Retail Sales Workers Supervisors coordinate the activities of retail sales workers in a store or department. Responsibilities may involve managerial tasks like purchasing, budgeting, accounting, and personnel management. ₹4,20,000
Property, Real Estate, and Community Association Managers Property, real estate, and community association managers take care of various aspects of residential, commercial, or industrial properties. They handle tasks like maintenance, renting, and community management. ₹6,20,000
Food Service Managers Food service managers oversee the day-to-day running of restaurants or similar places where food and drinks are prepared and served. ₹5,50,000
Lodging Managers Lodging managers ensure guests enjoy their stay at accommodation facilities like a hotel or inn. They also organize and oversee tasks to ensure smooth operations and profitability. ₹6,00,000
Entertainment and Recreation Managers Entertainment and recreation managers organize and oversee activities and operations related to fitness and leisure. They plan and direct various events and programs to ensure people have fun and stay active. ₹7,00,000
Social and Community Service Managers Social and community service managers coordinate and supervise initiatives aimed at supporting public well-being and individuals in need. ₹7,50,000
Farmers, Ranchers, and Other Agricultural Managers Farmers, ranchers, and other agricultural managers oversee operations that involve growing crops, raising livestock, and producing dairy products. ₹8,00,000
Administrative Services and Facilities Managers Administrative services and facilities managers are in charge of planning, directing, and coordinating activities that ensure an organization runs smoothly. ₹9,00,000

Ready to Grow Your Management Expertise?

A career in business management can offer a range of opportunities for personal and professional growth. With the right education and experience, individuals can develop the skills needed to succeed in this challenging and rewarding field. From leading teams and making strategic decisions to navigating complex business environments, business management requires a diverse set of skills and a commitment to lifelong learning.

Pursuing a degree in business management can be a great way to kickstart your career or take your next step in leadership. Whether you aspire to be an entrepreneur, a corporate executive, or a community leader, an associate degree in business management can help you achieve your goals and make a positive impact on the world around you.

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