Business studies as a line of study is growing in popularity every day. From the time when it was just a few who joined management school to pursue this line of study, business colleges are now becoming a favored destination for students.
What Does This Line of Study Teach?
As you go through the tenure of a course in business studies, you will be exposed to every aspect of the corporate world. The course will start with teaching you the main functions of a company. These include financial planning, marketing, management, and human resource development.
Financial planning will then introduce concepts such as cost cutting, taxation, internal auditing, financial planning and budgeting. The course will also teach you to deal with banks, financial institutions, and other creditors as well as debtors and shareholders. It will teach you about inventory management as well as balance sheet management.
Marketing studies work at training students in all aspects of this very vast field. Starting with inventory management, moving on to dealer and channel management, distribution network development and management and advertising and promotion, this branch of business studies gets a student completely ready to step into the marketing division of a company.
Human resource development is another very important function of a company. From imparting basic knowledge of the documentation and statutory requirements of this key function, it also teaches students how to deal with different types of behavior displayed by individuals at the workplace. It often happens that an individual might behave in a completely different manner when he or she is part of a group as compared to his or her normal individual behavior. These studies teach students specializing in this line of management how to interpret behavioral patterns displayed by individuals in the organization in group situations and in crisis situations, as well as in the normal day-to-day workplace environment.
Why do we say that business studies are important to achieve success? This is because there is practically no other line of studies which has a curriculum with such an extensive all-around development agenda. Apart from knowledge, the course also imparts presentation skills and teaches students how to work on their personalities so that they can be effective in their interaction with their seniors, juniors and peers, as well as those with whom they come in contact during the normal course of their job. It is this focus on all-around development that makes business studies an important step in the path to success for any individual.