What is a PHD in Business & Management?
Business and Management is one of the most popular fields of study in the world, teaching you everything there is to know about running a successful business. Think in terms of developing the business sustainably, managing the resources and reducing unnecessary expenses, keeping your employees motivated and engaged, and communicating a clear vision for the company — one that can bring all departments and staff members together and give them a sense of purpose and fulfilment.
Business and Management includes subdisciplines like Project Management, Business Administration, Finance, Marketing, Human Resource Management (HRM), and others.
A Business degree, such as an MBA or a Master in Management (MIM) will cover all aspects related to conducting business. This includes managing and motivating your team, understanding the way the company makes money and how to reinvest it, advertising products and services, and helping the company grow both locally and internationally.
Business and Management teaches students how to improve and make enterprises more efficient. You will discover ways of increasing the revenue, hiring better people and knowing when to invest, and where. Your leadership skills will be highly valued, especially if your goal is to take on a management or administrative position after graduation.
The world of business is vast, and the tasks you will have while working for a company can vary a lot. You might need to help with marketing strategies or to analyse the budget and see if you can cut off some of the expenses. You’ll also be in charge of projects – making sure deadlines are met and evaluating results at the end.
Graduates of Business & Management can pick any career path they wish, but the most popular are: entrepreneurs, forensic accountants, project managers, bankers, international business specialists.
One thing is clear: you will have a lot of responsibilities on your shoulders. A career in management is great if you like challenges and enjoy pushing your limits. To succeed in Business & Management you’ll need a wide variety of interpersonal skills. Great leaders know how to manage teams, encourage people and help them develop.