Management and Business Resources

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What do you look to gain from studying a business and management degree? In this article, we shall explore different aspects of business and management with a view of establishing the available prospects if you choose to take that career path.

What are Business and Management?

Business can be described as any form of trade where there is an exchange of goods and services with a view of making a profit. Business is a study that is closely intertwined with other disciplines such as law, economics, and ethics. Management, on the other hand, can be defined as the act of setting up goals and strategies for an organization and then using available resources to rally the human resource towards achieving this.

What Entails Business and Management Studies?

So what aspects of study make up a business and management degree? In business school, a business degree will normally cover a very wide area of study as well as a broad range of subjects such as entrepreneurial skills, economics, and accounting. A management degree typically starts out by introducing the student to general management theory so that there are no gaps when starting a career. Further, on more specialized subjects specific to the field of study are introduced for example research methods, human resource management or strategic management.

In the rapidly globalizing world, the ability to appreciate different cultures and speak other languages over and above the English language is very important.

More and more universities and business school are realizing this and giving their students the option of one year abroad placement opportunities.

Entry Requirements for Studying Business and Management.

If are looking to venture into a career in business and management, it is important for you to start academic preparations early prior to joining the university.

While not mandatory most high school offer students the opportunities to take related subjects such as business studies.

The admission team, however, have to look at your performance in the traditional subjects such as language, mathematics, and physics before they can approve your request to join a business and management degree. Math is important because you will need to scrutinise financial statements while language makes it possible to debate and craft a professional persona effectively.

What Next After a Degree in Business and Management?

With trade and finances being the lifeblood of the global economy a degree in the fields of business and management offers almost endless career possibilities.

A career in the stock market, banking, it industry, and real estate industry includes some of the more lucrative choices one can opt to venture into. Other sectors such as security, health, and education also offer good options worth considering.

Business and management studies offer transferable skills such as understanding how an organisation operates, communication, self-reliance, initiative and the ability to manage time – just to name a few. These can be effectively leveraged by the more entrepreneurial of the students to come up with successful businesses from scratch

Check our useful sources for Business and Management subject:

• • Useful gateways
    Academy of Management discussion lists

    http://www.aomonline.org/aom.asp?ID=203

    from general interest to highly specific areas of research and practice.

    Accounting Web

    http://www.accountingweb.co.uk/

    news and resources for the accounting industry.

    Birkbeck College: Department of Management

    http://www.bbk.ac.uk/management/

    web site.

    Biz/ed

    http://www.bized.co.uk/

    teaching and learning resources in business, economics, accounting, sport & leisure.

    Bookboon.com

    http://bookboon.com/uk

    free access to over 500 textbooks for Business, Economics and IT.

    Business Information Sources

    http://www.rba.co.uk/sources/index.htm

    consultancy company web site linking to key resources.

    Directory of Open Access Journals: Business and Management

    http://www.doaj.org/doaj?func=subject&cpid=18

    free, full text, online scholarly journals.

    EthicsWeb

    http://www.ethicsweb.ca/resources/

    applied ethics resources including business ethics and public sector ethics.

    Financial Times

    http://www.ft.com/home/uk/

    articles from the paper with market reports and analysis.

    GlobalEDGE

    http://globaledge.msu.edu/ibrd/ibrd.asp

    international business resources compiled by Michigan State University.

    Internet for Business and Management

    http://www.vts.intute.ac.uk/tutorial/business/

    online tutorial to help university students develop their Internet research skills.

    JISCmail

    http://www.jiscmail.ac.uk/mailinglists/category/Business_Studies.htm

    national electronic discussion lists for the UK academic community, including business and management.

    Management & Business Studies Portal

    http://www.mbsportal.bl.uk/

    explore the British Library collections for management research.

    Mondaq

    http://www.mondaq.com/about.asp?section_id=5&product_id=14

    legal, regulatory and financial business information.

    Nomis

    https://www.nomisweb.co.uk/

    official UK labour market statistics provided by the Office for National Statistics.

    OAIster

    http://www.oaister.org/

    search for academically-oriented digital resources from open-archive collections, including Birkbeck ePrints.

    Prospects

    http://www.prospects.ac.uk/cms/ShowPage/Home_page/p!eLaXi

    the UK’s official graduate careers web site.

    The Union Makes Us Strong: TUC History Online

    http://www.unionhistory.info/

    200 years of trade union history including full-text TUC reports from 1868-1968.

    Zanran

    http://www.zanran.com/

    search engine specifically for finding numerical data, graphs, tables and charts.
• • Useful organizations
    Academy of Management

    http://www.aomonline.org/

    leading professional association for advancing the scholarship and practice of management.

    Association of Chartered Certified Accountants

    http://www.accaglobal.com/

    (ACCA) global body for professional accountants.

    Chartered Management Institute

    http://www.managers.org.uk/

    (CMI) professional body dedicated to management and leadership.

    Chartered Institute of Management Accountants

    http://www.cimaglobal.com/

    (CIMA) professional body for management accountants.

    Chartered Institute of Personnel and Development

    http://www.cipd.co.uk/

    (CIPD) professional body for human resource managers.

    Companies House

    http://www.companies-house.gov.uk/

    information about companies including registration and insolvency.

    Competition Commission

    http://www.competition-commission.org.uk/

    regulatory body, formerly the Monopolies and Mergers Commission.

    Confederation of British Industry

    http://www.cbi.org.uk/ndbs/staticpages.nsf/StaticPages/home.html/?OpenDocument

    (CBI) lobbying organisation for UK business on national and international issues.

    Department for Business, Innovation and Skills

    http://www.bis.gov.uk/

    (BIS) government information covering business, employment, enterprise, higher education and science.

    European Corporate Governance Institute

    http://www.ecgi.org/

    (ECGI) established to improve corporate governance through independent research.

    European Industrial Relations Observatory

    http://www.eurofound.europa.eu/eiro/

    (EIRO) monitoring body with news and analysis on European industrial relations.

    Global Compact

    http://www.unglobalcompact.org/

    UN strategic policy initiative for businesses that are committed to universally accepted principles in areas of human rights, labour, environment and anti-corruption.

    Higher Education Academy: Business, Management, Accountancy and Finance Network

    http://www.business.heacademy.ac.uk/

    sharing good practice in teaching and learning.

    Higher Education Academy: Hospitality, Leisure, Sport and Tourism Network

    http://www.hlst.heacademy.ac.uk/

    sharing good practice in teaching and learning.

    Institute for Employment Studies

    http://www.employment-studies.co.uk/main/index.php

    (IES) research body for employment, labour market and HR policy and practice.

    Institute of Business Ethics

    http://www.ibe.org.uk/

    (IBE) aims to encourage high standards of business behaviour based on ethical values.

    Institute of Employment Rights

    http://www.ier.org.uk/

    (IER) independent organisation for the spread of new ideas in the field of labour law.

    International Labour Organization

    http://www.ilo.org/

    (ILO) UN agency which seeks the promotion of social justice and internationally recognized human and labour rights.

    International Labour Organisation (ILO) Key Indicators of the Labour Market

    http://www.ilo.org/empelm/what/lang–en/WCMS_114240/

    statistics for labour force participation, employment, unemployment, education, hours of work, wages, productivity, poverty and income distribution

    Organisation for Economic Co-operation and Development

    http://www.oecd.org/home/

    (OECD) with statistics, indicators, reports and working papers.

    Society for Business Ethics

    http://www.societyforbusinessethics.org/

    international organization for the academic study of business ethics.

    Survey Resources Network

    http://surveynet.ac.uk/

    good practice in survey research methods.

    Trades Union Congress

    http://www.tuc.org.uk/

    (TUC) trade union information, reports, employment law and links to the 58 affiliated trade unions.

    UK Trade & Investment

    http://www.ukti.gov.uk/home.html

    government organisation with information about international business practice.

    Work Foundation

    http://www.theworkfoundation.com/

    (formerly the Industrial Society) offers research and consultancy on improving the quality of working life.