In today’s multicultural multi-faceted world of business, it’s essential for an individual to understand the essence of management at least in relative terms. The world has become so complex with time thatin absence of management it might not function at all. ‘Management’ is the soul of every business.
When discussing on business, we need to go back into the pages of history and look at the waytransaction was done in the medieval ages. Only the nature of doing business has changed. Doing business,or possessing the qualities of a businessman is an inborn skill. It was present even when our ancestors had laid down the bases of business by moving from hunter-gatherer to agricultural mode of survival, albeit on a smaller scale.
Nevertheless, the scenariohas changed with globalization and the increasing network of goods and services around us. With industrialization bringing the entire world under one network, the need for ‘managing’ such a huge and multidimensional world is felt.And, this can’t be done without proper guidance or training.With the need of upcoming markets and trends, ‘management education’ has spread all over the world and is helping the aspirant entrepreneur, or professionals, to develop their knowledge and skills as per expectations.
The education system in India is limited to theoretical knowledge which is confined to just some degrees. But ‘management education’ gives practical embossing over the theoretical approach. This gives a complete understanding of the activities of business, and the role required to be played by individuals at a later stage. It is not that business cannot be run without management education. But, with increasing competitiveness all over the world upcoming professionals need to possess the required qualities - the zest to innovate constantly and apply logical and analytical thinking. If properly inducted, ‘management education’ can add all these qualities to an individual’s personality.
So, it can be derived that business education is required to managework in office. Both “Management” and “Business”go hand in hand, and contribute to the growth of business on a global scale.
When discussing on business, we need to go back into the pages of history and look at the waytransaction was done in the medieval ages. Only the nature of doing business has changed. Doing business,or possessing the qualities of a businessman is an inborn skill. It was present even when our ancestors had laid down the bases of business by moving from hunter-gatherer to agricultural mode of survival, albeit on a smaller scale.
Nevertheless, the scenariohas changed with globalization and the increasing network of goods and services around us. With industrialization bringing the entire world under one network, the need for ‘managing’ such a huge and multidimensional world is felt.And, this can’t be done without proper guidance or training.With the need of upcoming markets and trends, ‘management education’ has spread all over the world and is helping the aspirant entrepreneur, or professionals, to develop their knowledge and skills as per expectations.
The education system in India is limited to theoretical knowledge which is confined to just some degrees. But ‘management education’ gives practical embossing over the theoretical approach. This gives a complete understanding of the activities of business, and the role required to be played by individuals at a later stage. It is not that business cannot be run without management education. But, with increasing competitiveness all over the world upcoming professionals need to possess the required qualities - the zest to innovate constantly and apply logical and analytical thinking. If properly inducted, ‘management education’ can add all these qualities to an individual’s personality.
So, it can be derived that business education is required to managework in office. Both “Management” and “Business”go hand in hand, and contribute to the growth of business on a global scale.