What is a Business Management Degree?
Understanding Business Management Fundamentals
There's a good chance you know or work with someone with a business degree. In fact, the business administration degree is the most popular choice in the U.S. as nineteen percent of college graduates are business majors.*
And there are good reasons why.
You might imagine business majors working in an office setting in mid-to large for-profit companies, but business administration professionals can be found in many settings including healthcare, the sports industry, hospitality, construction management, non-profit organizations and small businesses. Whatever you have a passion for, chances are, you'll find business management opportunities in that industry.
Whether you are contemplating a career shift, or hoping to better your skills in the business sector, understanding the basic principles of business management is a vital prerequisite.
The business administration degree is the most popular degree in the U.S. 19% of college graduates are business majors.
Types of Business Management Degrees
Business is one of the most versatile career paths, offering opportunities across nearly every industry. A business management degree equips professionals with the leadership, analytical, and problem-solving skills needed to drive organizational success. Depending on your interests, you can specialize in different areas of business management, including:
Operations Management
Planning, organizing, and controlling of the processes and resources used to produce and deliver goods and services. Operations focuses on optimizing efficiency, quality, and productivity.
Human Resource Management
Managing the organization's workforce, including recruitment, selection, training, performance management, compensation, and employee relations. Effective human resource management ensures the right people are in the right positions, fostering employee satisfaction and productivity.
I looked at options that would work for my life. Bellevue University gave me some experiential learning credits and transferred all of my other credits in. I liked the cohort style and was able to complete my bachelor's degree in management of human resources.
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Marketing Management
Identifying audiences, attracting and satisfying customers to achieve the organization's marketing goals. Marketing involves analyzing market trends, conducting market research, developing marketing strategies, and implementing promotional activities.
[The core business topics of communications, human resources, marketing, economics, finance, accounting and management] provide an important base of knowledge that will help students excel in virtually any business setting.
Bellevue University's Bachelor of Science in Business teaches practical skills through applied learning experiences which establish a strong foundation for the world of business. Read more
Business Analysis and Management
Evaluates business processes, identifying opportunities for improvement, and implementing data-driven strategies to enhance efficiency and profitability.
Project Management
Plans, coordinates, and executes business initiatives, ensuring they meet goals, budgets, and timelines.
Supply Chain & Logistics Management
Coordinates sourcing, production, and distribution to keep operations running smoothly.
Business Management & Leadership
Develops strategic decision-making, team leadership, and organizational management skills to drive business growth and innovation.
Dive into the Fundamentals of Business Management
Business management is the bedrock of any organization, involving a mix of strategies and activities aimed at achieving corporate goals. The basics encompass planning, organizing, leading, and controlling resources to facilitate effective and efficient operations. If you're eyeing a management role, gaining a firm grasp of these principles is crucial.
Here are some key concepts that form the backbone of business management:
- Planning: This involves setting goals, determining strategies and outlining the steps needed to achieve them.
- Organizing: This refers to distributing resources including people and tasks and responsibilities to ensure smooth workflow, collaboration and optimal productivity
- Leading: This is the ability to inspire and motivate employees, foster a positive work environment and move them toward achieving organizational goals.
- Controlling: This involves monitoring organizational performance, comparing it to set standards, and taking action when necessary to ensure goals are met.
By understanding the significance, key principles and roles of business management, you can contribute to the success of your organization and lay a solid foundation for your future career.
Essential Skills for Future Business Managers
To excel as a business manager, you need to possess a strong foundation of essential skills. There are three critical skill areas to explore: leadership and communication, problem-solving and decision making, and strategic planning and goal setting.
- Leadership and Communication: Learning to inspire and guide teams will foster motivation, boost collaboration, and ensure effective communication throughout the organization.
- Problem-Solving and Decision-Making: Developing sharp problem-solving and decision-making abilities will empower you to analyze complex situations, identify innovative solutions, and confidently overcome obstacles.
- Strategic Planning and Goal Setting: Develop long-term strategies and set measurable short-term goals to align teams with the company's vision and optimize resource allocation.
The degree I completed has been helpful to me every day. I have been able to apply my knowledge with my team and ensure they are receiving resources and coaching that leads them to succeed in their roles. I always encourage people to attend Bellevue University should they be considering it because I had only positive experiences with the professors and coursework.
What Can I Do With a Degree in Management?
A management degree provides you with the expertise to lead teams, streamline operations, and drive business success. Graduates can explore careers in operations, marketing, finance, and project management, with many job opportunities across a wide range of industries, including:
- Financial Analyst and Roles in Finance and Banking
- Healthcare Administrator and Management Roles
- Technology and Project Management Roles
- Retail Management and Supply Chain Roles
- Consulting and Strategic Advisor Roles
- Hospitality and Operation Roles
Get A Business Management Degree at Bellevue University
Remember, a solid understanding of business management fundamentals is a stepping stone towards a rewarding career in business. Whether you're planning to become a small business owner, an accountant, finance expert, HR manager, marketer, communication specialist or business analyst, setting your sights on these basic business principles will pave the way for your future success in any business.
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