Business management focuses on the art and science of running complex organizations and supervising others.(Getty s)
Someone who is determined to cultivate their leadership skills and who dreams of becoming a business executive should consider obtaining a degree in business management. There are undergraduate and graduate business schools, and many offer majors, specializations or concentrations in management while others simply provide a general management education.
Business management focuses on the art and science of running complex organizations and supervising others. Excellent business managers are versatile individuals with a wide range of skills, including the creativity necessary to dream up outstanding business ideas and the intuition required to foresee and prevent potential disasters for their companies. They need to be precise thinkers and communicators, and they must be able to lay out clear plans for their subordinates.
These individuals should also be strategic to avoid setting unrealistic goals and meticulous to avoid missing key details and making catastrophic decisions. The most effective business managers tend to be highly charismatic people who have a knack for inspiring others and generating goodwill.
Howard Yu, the LEGO Professor of Management and Innovation at IMD Business School in Switzerland, says the mission of a management program is to show students how to make smart decisions and to give them a “holistic point of view” that enables them to appreciate the multifaceted nature of a business enterprise. [
“You basically need to integrate all these disciplines to make wise choices as you lead a company,” he says.
Patrick Mulvihill, the chair of the management department at the Point Park University Rowland School of Business in Pennsylvania, says business management degree-holders have “the agility to enter a wide range of industries.”
“To highlight a few, graduates assume roles within the financial, marketing, supply chain, hospitality, tech, transportation, and energy fields,” Mulvihill wrote in an email. “We also find that many even pursue entrepreneurial options and create their own business or work for start-ups.”
5 Reasons Why You Shouldn’t Study Business Management Degree
Do you have people skills?
Being in a management position requires a strong focus on people skills. As a manager or entrepreneur, you’ll have constant interaction with customers, vendors and your workplace team to keep things running smoothly on a day-to-day basis. “You’ve got to be able to listen [to and] motivate people. Some need a firmer hand; other people need to be encouraged; others need to have incentives. That’s what we focus on in the courses: how to identify the person and the situation and then use the right tactics of the management skills for that particular situation,” Dr. Pettit says.
You love problem solving
Are you the type who can identify a problem, quickly see where the issues lie and correct a situation for the better—improve a recipe, revamp a schedule, tweak an instruction list? This also happens to be an excellent trait when it comes to business management.
“The whole premise of a business is solving a problem for people,” says Curt Flowers, owner of Coral Bean Café. “But within the business, there are always internal problems—employee problems, banking problems—to be solved in order to keep running.”
Finding solutions cannot always be on one person, so Flowers says the delegation of problem solving is crucial. “Solving problems costs resources, so another problem is balancing the resources you have,” Flowers adds. “It’s like a problem-inception, and you have to be able to manage that.”
You love learning, whether it’s in person or online
If you’re the type of person who enjoys the process of getting answers or doing research into topics that intrigue you, this love of learning will help in your career.
“Business management isn’t the kind of career where you can spend some time in school and have it mastered,” says Adrian Ridner, CEO and co-founder of Study.com. “While the principles of what makes a good manager might remain consistent, when you put them into practice with people—it can look different every time.” Ridner explains that managers need to be able to keep up with practice changes and care about refining their skills and approaches.
If you are a self-motivated learner who has other commitments that might get in the way of a traditional school schedule, online learning could be the perfect fit for you. A Business Management degree from Rasmussen University is an excellent choice for those interested in an online learning environment.
Is majoring in management a good idea?
How do I know if business management is right for me?
- You are a good listener. …
- You are resilient. …
- You love problem solving. …
- You like meeting new people. …
- You love learning, whether it’s in person or online. …
- You are naturally empathetic. …
- You want lots of options in your career path.
What should I major in to become a manager?
Is management a good field to study?