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Widening horizons by studying Business Management

Posted on June 05, 2020 by Srishti Luthra  | Academics | Blog

What is Business Management?

 Business Management as a concept  is easy to understand but difficult to define. The term Management can be, and often is used in different ways. Numerous factors need to be kept in mind while handling a business along with expertise to handle problems and finding key solutions for the same. In a country like India where many start-ups dwell but are never able to sustain themselves in the market, one of the major reasons for the downfall of many companies can be a failure in the administration of the business and its activities.The dynamics and success factors are extremely difficult to understand according to the different markets, where the frequency of the changing market demands is very high.s

 Why Business Management?

 Businesses are designed to utilise the unique set of skills, knowledge and ideas of their owners to sell products and services. Education and work experience vary greatly from one entrepreneur to another, and different types of businesses require different sets of skills and expertise to succeed. While no formal business training is required to start a successful business, studying business management can be beneficial to entrepreneurs and those they hire.

A Business management degree enables one to have broad understanding of specific business-related aspects such as customers, marketing plans and strategies, account management and business plans and strategies. In terms of income as well, business management is a great option to explore.

 Some of the key roles of Business Management include:

Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in an effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. 

Optimum Utilization of Resources - Management utilizes all the physical & human resources productively. This leads to efficacy in management. Management provides maximum utilization of scarce resources by selecting its best possible alternate use in industry from out of various uses. 

Cost Reduction - It gets maximum results through minimum input by proper planning and by using minimum input & getting maximum output. 

Smooth functioning of the Organization - To establish sound organizational structure is one of the objective of management which is in tune with objective of organization and for fulfillment of this, it establishes effective authority & responsibility relationship i.e. who is accountable to whom, who can give instructions to whom, who are superiors & who are subordinates. 

Establishes Equilibrium - It enables the organization to survive in a constantly  evolving environment. The environment of organization changes due to external complexities and hence management deals with such changes in order for the organization to operate smoothly.

Prosperity of Society as a whole- Efficient management leads to better economical production which helps in turn to increase the welfare of people. 

Kingston University BSc Business Management Programme at ISBF

 The Business Management BSc (Hons) programme offers students the best of both worlds. Some of the unique features of the programme include:

  • Students undertake the first 2 years of this degree in India at ISBF. After a successful completion of these 2 years, all students go to Kingston University, London to complete their 3rd year.

  • The programme curriculum and the  degree awarded are validated by Kingston University.

  • The entire batch is transferred to Kingston University after 2nd year and students are exempt from appearing for IELTS. 

  • The programme is also offered as a four-year version which allows students to do a work placement in the UK or India in their last year, giving them the opportunity to smoothly adapt into the working culture.

  • The UK government recently announced a two-year post-study work visa for all international students will allow graduates of this programme to work in any career or position of their choice for two years after completing their studies in the UK. Thus students enjoy the same work and visa-related benefits as international students who completed all three years in the UK, but at less than half the cost. 

Why opt for a Kingston Business School degree?

  • Kingston University is awarded a Business Accreditation by the Association to Advance Collegiate Schools of Business (AACSB), given to a mere 5% of business schools in the world

  • It is one of the top 100 institutions in Europe for Business and Management (QS 2017)

  • Ranked among top 50 UK institutions by The Guardian University Guide 2020

  • Awarded with numerous other international accreditations, including EFMD Programme Accreditation System (EPAS) and the Association of MBAs (AMBA)

 

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