Best Courses in Business And Administration
- August 31, 2018
- Posted by: Subash Chandran
One of the most common postgraduate programmes nowadays is MBA. MBA stands for master or masters of business administration. Any business requires an efficient and smooth flow of its operations for survival. As the competition is getting more intensive day by day, the challenge to run business operations efficiently has only become tougher than ever before.
What is required to achieve this is a dedicated workforce which not only works but also thinks in line with the ultimate goal of a business organization, i.e., to earn the profit. If it would have been possible to just read a book and establish a business then even a pilots manual would have been more than enough to fly a plane. The need of the hour is to develop skills in accordance with the business and market scenario in order to survive in today’s cut-throat competition. This is where the role of an MBA course becomes a necessity instead of an option. Business administration and management is the need of the hour for any sort of business or organization.
As the name suggests MBA stands for :
MASTER – A professional in
BUSINESS – providing value or services in order to derive profit
ADMINISTRATION – managing people and assets efficiently
A full-time MBA course generally has a duration of 2 years. Whereas in the case of an executive MBA programme the duration increases to 3 years as the course is mostly designed for working professionals who cannot afford to leave their jobs for a full-time MBA course. There is an option to go for a correspondence course also but it doesn’t have that much value in the job market and is often not even recognized by many recruiters.
There are various streams of MBA course available as options. Generally, the first two semesters are common for all and the remaining two are as per the specialization opted by the candidate. The various options available for specialization are :
Known to be the lifeline of any business product, this stream concentrates basically on the importance of customer reach of any product that is launched or manufactured by the concerned business. Marketing is the lifeline of the existence of any product and neglecting it can prove to be a very costly affair for any product.
This stream basically deals with the financial aspect of the business. It has many subcategories. Basically, it involves all the economic, mathematical and financial figures of the business and those people who liked to study money should definitely opt for this stream.
Any business cannot survive without efficient operations. This where business process management or operations management comes into the picture. It is the study of planning, organizing, directing, coordinating, analyzing and improving the business process in order to achieve the ultimate profit goal of an organization.
Human Resource Management:
Any organization needs management of its staff and providing the staff the required motivation and support so that their morale is always positive towards the organization. All the business processes require their employees to be well trained and administered. This is where the role of human resource management comes into the picture. This stream has become one of the most popular streams of MBA in recent times.
This stream is meant for employees working in multinational companies which involve international operations. The requirements of a multinational company are very different from a domestic one as the operations are more diversified due to their international presence in many countries. As the economies are very different in nature the international business stream involves a strict adherence to the bye-laws of the particular economy.
Although the IT part of any organization dealt mainly by IT engineers but in order to really understand the business requirement with reference to the real need of any software or hardware for any business, we need to think more in line with what is exactly needed by the organization rather than only technical knowledge. This is where MBA in information technology comes into place. Although anyone can opt for it it is better suited for students who already have a background in IT stream.
Business Office administration is another stream which can be opted. This stream focuses mainly on training the students with front end office work. Communication skills play a very important role in handling the front end of an organization. Other skills which are focused here are planning and problem-solving.
These are the most common streams of MBA course and apart from this new streams like Rural management, healthcare management, Agribusiness management, family business management are also being opted by students. Marketing and finance still remain most opted streams out of all the streams available. Many universities now have also started online business administration associates degree. MBAs are required across all sectors be it public or private. Jobs you can get with a masters in business administration are numerous, you just have to have an open eye for the openings where you think that you will fit the best. Both passion and subject knowledge plays an important role.
To conclude, we would mention that in order to choose the right course for yourself it would be best if you get in touch with a professionally run institute like us. This will save you lots of time and provide you with the right guidance.
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