A Career in Management

If you wish to be in a career where you are making decisions, shaping company policies, setting new growth records and making your firm a Fortune 500 company, then business management is the track you should be on. Although many students opt for management courses after graduation, their reasons for doing so vary considerably. Some do it because all their friends plan to, others in anticipation of a good job on completion of the management course.

The MBA(Master of Business Administration) is the most popular business qualification in the world. Most prospective students regard the MBA as an adjunct to their career. They believe that the MBA is about success in the corporate world in terms of both promotion and salary. It is a broadening process, designed to introduce the student to all the main management functions. Accountancy, Economics, Finance, Human Resource Management, Information Management, Marketing, Production and Operations Management, Business Policy, Bovernment and the International Economy, Organisational behaviour, Quantitative methods, would be the core of a serious management programme. Most management programmes allow the students to pick out a stream to specialise in during their second year of the MBA programme, building upon their first year grounding. The MBA also seeks to improve effectiveness. It is designed like a physical fitness regime. Not only are broad management functions introduced, students are drilled in them so that they respond swiftly, almost automatically. The case method of teaching in which real-life corporate problems are analysed, is a classic way of doing this.

What does it involve?
Management of a business is the process of planning, organisation, leading and controlling efforts of members of an organisation and using the available resources of the organisation to achieve the organisational goals. When the process of planning, organising, leading and controlling is applied to business organisations, it is called business management. The current trend of thought regarding management is that it is both an art and a science. The element of science is present in the theory of management while the ability to apply it correctly represents the art element.