Why You Should Study Business Management

Studying Business Management is one of the best decisions that you can make. Business Management can open up a whole lot of career opportunities for you.

How to manage a business is an important function of any business. Here is why you should study Business Management:

  • Employability
  • Introduction to the business world
  • Develop management skills
  • Start your own business
  • Work anywhere
  • Work in any industry

Employability

Business Management is a scarce skill. With scarce skills, it will not take you a long time to secure employment. Remember that when a skill is scarce, the demand will be high. In addition, scarce skills jobs tend to pay above-average salaries. Furthermore, with a Business Management Qualification you have a wide range of career choices, some of which are the following:

Introduction To The Business World

Studying Business Management will introduce you to the business world. You will gain an in-depth understanding of business and management. It will give you an insight into the industrial, commercial and government markets and business trends.

Develop Management Skills

Studying Business Management can help you develop managerial skills. These skills can prepare you to become an effective Business Manager. An effective Business Manager will gain the confidence of his/her employers. 

Here are some of the critical management skills that you can gain when you study Business Management:

  • Strategic thinking skills
  • Communication skills
  • Problem-solving skills
  • Organisational skills
  • Presentation skills
  • Reporting skills
  • Leadership skills
  • Project Management skills

Start Your Own Business

When you study Business Management, you can start your own business. This is because you have the skills and knowledge of how to manage and run a business. The entrepreneurial skills that you will have gained can take you far in running your own business.

Work Anywhere

With a Business Management Qualification, you can work anywhere. Not only in South Africa, but anywhere in the world at large. This is because the ICB Business Management Programme is internationally recognised.

Work In Any Industry

Every business needs to be managed. It does not matter in which sector the business is. Even government departments and Not-for-Profit organisations also need to be managed. This means that your Business Management Qualification can give you a wide choice of the economic sector that you can work for.

What Does A Business Manager Do?

Here are some of the duties of a Business Manager: 

  • Developing goals and objectives that lead to growth and prosperity
  • Designing and implementing business plans and strategies 
  • Ensuring that the organisation has adequate and suitable resources 
  • Organise and coordinate operations to ensure maximum productivity
  • Supervise the work of employees 
  • Maintain relationships with partners, vendors and suppliers
  • Gather, analyse and interpret data 
  • Writing business reports
  • Assessing overall company performance
  • Representing the company in all events and conferences 
  • Ensure compliance with legal rules and guidelines

What Do You Study In Business Management?

Here is what you will study in NATED Business Management

Business Management: NATED N4 National Certificate

These are the subjects that you will study in this course:

  • Management Communication N4
  • Introductory Accounting N4
  • Entrepreneurship and Business Management N4
  • Computer Practices N4

Business Management: NATED N5 National Certificate

These are the subjects that you will study in this course:

  • Entrepreneurship and Business Management N5
  • Sales Management N5
  • Public Relations N5
  • Computer Practice N5

Business Management: NATED N6 National Certificate

These are the subjects that you will study in this course:

  • Entrepreneurship and Business Management N6
  • Sales Management N6
  • Cost and Management Accounting N5
  • Public Relations N6

Business Management: NATED N6 National Diploma

To be awarded the business Management: NATED N6 National Diploma, you must complete 18 months of work experience

Here is what you will study in ICB Business Management:

Small Business Financial Management: ICB National Certificate

These are the subjects that you will study in this course:

  • Business Management 1
  • Bookkeeping To Trial Balance
  • Business Literacy

Office Administration – Business Management: ICB Higher Certificate

These are the subjects that you will study in this course:

  • Office and Legal Practice 
  • Business Management 2 
  • Marketing Management and Public Relations 
  • Financial Statements 
  • Human Resources Management and Labour Relations

Financial Accounting – Business Management: ICB National Diploma

These are the subjects that you will study in this course:

  • Business Management 3
  • Financial Management and Control
  • Financial Reporting and Regulatory Frameworks
  • Research Theory and Practice

What Are The 7 Main Functions Of Management?

Here are the main functions of Business Management:
  1. Planning
  2. Organising
  3. Staffing
  4. Directing
  5. Controlling
  6. Co-ordinating
  7. Co-Operating

What Can I Do After Studying Business Management?

Here are your options after completing your Business Management Course:

Study Further

You can study further after completing your Business management course. Here is what you can study:

Look For Employment Opportunities

On completion of your Business Management Course, you can look for employment opportunities. Here are some career opportunities that you can consider: 

  • Administration
  • Assistant in Human Resource 
  • Customer Relations
  • Junior Analyst
  • Administrative Clerk
  • Branch Administrator
  • Buyers Assistant
  • Compliance Support Agent
  • Customer Service Manager
  • Labour Relations Manager
  • Office and Procurement Administrator
  • Public Relations Assistant
  • Management Intern
  • Sales Consultant
  • Retail Store Manager 
  • Sales and Marketing Assistant
  • Team Leader
  • Marketing Coordinator
  • Business Manager
  • Supply Chain Manager
  • Business Analyst
  • Payroll Administrator
  • Public Relations Manager

Start Your Own Business

As you will have been equipped with the skills and knowledge on how to run a business, you can start your own business after completing your course. Here are some of the things that you will need to consider:

  • Have a business objective
  • Write the business plan
  • Funding
  • Register your business
  • Build your team
  • Choose your suppliers and partners
  • Brand the business
  • Market the business
  • Grow the business

What Are The Types Of Business Management?

Here are some of the specific disciplines of Business Management:

  • Financial Management
  • Marketing Management
  • Sales Management
  • Human Resource Management
  • Strategic Management
  • Production Management
  • Programme and Project Management
  • Knowledge Management
  • Operations Management
  • Service Management
  • IT Management
  • Public Relations Management
  • Supply Chain Management
  • Procurement Management
  • Research and Development Management
  • Engineering management
  • Design Management
  • Risk Management
  • Change Management
  • Facility Management
  • Innovation Management

Start your career in Business Management with or without a Matric Qualification. If you want to get your Matric Certificate to gain entry to university, you can do so at Matric College. Here are all of your options:

Your options are endless at Matric College. Start today!

Author: Collin Wilbesi
Editor: Sive Ncanywa
Date: August 15, 2022