Scope of management and career in business management

The article deals in varous branches iof business management. It states the future scope in business management. It guides the students about the career in business management. Also, it provides a complete detail of various branches of management like financial management, marketing management, office management, production management etc. It states the various institutions that offers courses in business management. It also tells the qualifications required for business management.

Branches of management

There are various branches of management that are listed in the lower parts of the article.

Production management

Production management implies planning,organization, directing and controlling the production function so as to produce the right goods, in right quantity, at the right time and at the right cost. Remember, there are various qualifications required for management courses. Production management includes the following activities:

  • Designing the product

  • Location and layout of plant and buildings.

  • Planning and control of factory operations.

  • Repairs and maintenance

  • Inventory control and quality control

  • Research and development.

    Marketing manager

    Marketing management refers to the identification of consumer's needs and supplying them to the goods and services which can satisfy their wants. Marketing management involves the following activities:

  • Marketing research to determine the needs and expectations of consumers.

  • Planning and developing suitable product.

  • Selecting the right channel of distribution.

  • Setting appropriate prices.

  • Promotional activities such as advertising and salesmanship to communicate with the consumers.

    Financial manager

    Financial management seeks to ensure the right amount and types of funds at the right time and at reasonable cost. One has a very bright career in financial management.Financial management comprises the following activities:

  • Estimating the volume of the funds required for both long term and short term needs of business.

  • Selecting the appropriate sources of funds.

  • Raising the required funds at the right time.

  • Ensuring proper utilization and allocation of proper funds so as to maintain safety and liquidity of funds and the credit-worthiness and profitability of business.

  • Administration of earnings.

    Personnel manager

    Work of personal manager is not a very easy one.Personnel manager involves planning, organizing and controlling the procurement, development, compensation and maintenance of integration of human resources of a firm. Personnel management consists of the following:

  • Manpower planning.

  • Recruitment

  • Selection

  • Training

  • Appraisal

  • Promotion and transfer

  • Compensation

  • Employee welfare services

  • Personnel records and research

    Purchasing manager

    Purchasing manager is concerned with the purchasing of raw materials, maintenance of purchase records, materials control, issuing materials etc. Aim of purchasing manager is to purchase the right quantity and quality of materials, at the right cost and at the right time from the right suppliers.

    Office manager

    Office management is concerned with planning, coordination and control of office activities. Control of from and stationary, filing and indexing, business correspondence, collection and dissemination of information are the main activities of an office manager. An office serves as the nerve of business activities.

    Name of institutions that offers management courses and courses offered

    I am no going to list various institutions that offers various courses in business management.

  • All India institution of career studies, Tamil Nadu
    Course offered: Diploma in business management, business organization, hospital administration, information system, marketing manager.

  • University of Delhi, New Delhi
    Courses offered: BBS and MBA in business studies, business management, health care administration, public system management.

  • Himachal Pradesh University
    Courses offered: BBA and MBA in business administration

  • Guru Nanak Dev University
    Courses offered: BBA, MBA, Diploma and PG program in business management, business administration and business policies.

  • Birla institute of technology and science, Rajasthan
    Courses offered: MBA in Management science.

  • Indian Institute of science and management, Bihar
    Courses offered: PG Diploma in business management

  • Goa university, Goa
    Courses offered:Diploma in business management

  • Chaudhary Charan Singh university
    Courses offered: BBA in business administration.

  • Devi Ahilya Vishwavidyalaya
    Courses offered: MBA in Hospital management and business administration

  • Alliance business academy, karnataka
    Courses offered: BBM and MBA in business administration and management.

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