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Management is one of the largest and

the most varied and most interesting areas of
work in the global economy. To state the
obvious, management is the process of
managing people and resources in businesses. In
companies large and small, ranging from
manufacturers to service providers, business
managers play a key role in contributing to an
organizations profitability and viability. The
role of a business manager can vary widely
depending on the industry and size of the
organization. As a companys needs change, its
business managers may be required to take on
additional responsibilities. The wide range of
business skills needed in this profession can be
acquired through a degree in business
administration program.
What is Management?
Management is the organizational
process that includes strategic planning, setting
objectives, managing resources, deploying the
human and financial assets needed to achieve
objectives, and measuring results. Management
also includes recording and storing facts and
information for later use or for others within the
organization. Management functions are not
limited to managers and supervisors. Every
member of the organization has some
management and reporting functions as part of
their job.
Business managers typically:
Assist companies in reaching goals and
objectives related to sales, productivity,
profitability and industry penetration,
among other areas
Direct the overall operations of
businesses
Analyze data
Make crucial business decisions
Hire, train and evaluate employees
Ensure that a company is on track to
meet financial goals
Develop and implement budgets
Prepare reports for senior management

Ensure the department complies with

company polices
Ensure workers have the resources to
complete their work
Assess the performance of the
department or company against goals and
plans
Perform human resource activities such
as performance evaluations, hiring and
discipline
Motivate workers through incentives and
positive feedback
Larger organizations often require
business managers to formulate policy, plan for
resource needs, set overall direction and
implement strategies. A manager might direct a
team or group of leaders who oversee the
scheduling and output of employees. In a
smaller organization, the manager may perform
those duties. Additionally, in smaller firms,
business managers may be responsible for dayto-day tasks like purchasing, hiring, training and
quality control.
Business managers can specialize in a
variety of areas, including: finance, accounting,
auditing, tax and budgeting; purchasing;
personnel; sales, marketing and public relations;
research, operations analysis, data processing,
mathematics, statistics and economics; and
production.
Most business managers work in
comfortable offices and generally have support
staff. Those employed by firms with multiple
locations may be required to pay regular visits to
various local, regional or international offices,
and many business managers travel to attend
conferences and meetings. Some business
managers may have opportunities for temporary
or permanent job transfers to different offices
around the country or overseas. Most
professionals in this role put in at least a 40-hour
week. Flexible hours and overtime are often
required to meet business demands, but in

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return, business managers typically enjoy high
salaries and excellent benefits.
A degree in business management and
operations can prepare individuals for a career as
a general or operations manager who oversees
general operations and ensures that departments
are working efficiently. Operations research
analysts, also known as operations research
managers or business analytics directors, help
organizations solve problems by analyzing
management techniques and practices. Using
models and evaluations, they determine how
various factors affect a company's operations.
They may also assist managers in making new
or better decisions about how a business should
operate. In 2013, it was reported that the average
salary of business managers in entry level range
from 3.5 to 5 lakhs (kellyservices.in). Kelly
services also projected an average job growth
for these professionals from 2013-2020 at a rate
of 15%.
Business Management Careers Path
To become a business manager, a
bachelors degree is the minimum. Depending
on the industry and specific functionality of the
management position, the degree may vary.
Business administration degrees are perhaps the
most versatile. Business managers hold a
Masters of Business Administration, or MBA,
degrees. When hiring or promoting business
managers, an MBA tells the hiring executives
that the candidate has had formal training in
addressing and coping with complex
administrative and managerial situations.
Moreover business managers may require some
Compatible Personality Traits too.
A key element of the MBA course is to
gain practical skills necessary to work efficiently
in a business environment. This requires a
thorough understanding of business analysis and
development, combined with understanding
business problems, writing business reports and

preparing for interviews. Strong leadership

qualities, very strong interpersonal skills and the
ability to work easily with a wide range of
people, analytical, strong problem-solving skills,
ability to stay calm under pressure, ability to
multitask seamlessly are some of the skills that
are required for business managers and hence
preparation in academics and skills through
extra-curricular activities need to be developed.
The Learning Process
To prepare for a career in business you'll need to
assess case studies and develop your action plan
as though you are the leader dealing with that
particular business challenge. From there, you'll
need to test your ideas and strategies that will
emerge. This exercise builds confidence in your
decisions and prepares you to be a successful
business professional.
Goals and outcomes
The goal of MBA program should be to develop
well-rounded professionals who understand:

Economic, legal, political and strategic

factors of business

Concepts and processes in finance and

financial institutions, production, marketing
and distribution

Concepts and methods of accounting,

quantitative methods and information
systems

Organizational theory, interpersonal

relationships, leadership and motivational
strategies and communications

Administrative processes, integrative

strategies
and
management
policy
determination in challenging conditions

Ethical values and systems for decisionmaking

In an era where many of our ways of
doing things need to change and are going to
continue to change, MBA is eternal and still
evolving! MBA graduates give evidence of the
changing landscape brought on by globalization.
The MBA course is unique, inspiring and is

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more focused on what happens outside the
classroom.

Holy Grace Academy of Management Studies, Mala, Thrissur

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Admission for MBA Program:
Any student who has passed any degree
of the University of Calicut (including degree
programmes of SDE, University of Calicut) or
that of any other University or institute or
institution recognized by the UGC or AICTE.
Programmes of other Universities or institutions
shall be in 10+ 2+ 3 pattern (or 10+ 2+ 4) under
regular stream. In all the cases, the student
should have passed the bachelor degree
examination with not less than 50 % marks in
aggregate including the marks of languages if
any (without approximation, that is, 49.9999 %
is not eligible since it is less than 50%), is
eligible for admission. However, SC/ST, OBC,
and other eligible communities shall be given
relaxation as per University rules.
All
affiliated
management
colleges/institutes shall adopt the score of the
Common
Management
Aptitude
Test
(CMAT) conducted by the All India Council for
Technical Education (AICTE) as entrance test
for admission to both the merit and management
seats for the MBA Programme. While
submitting the application for admission, the
candidates shall have obtained his/her CMAT
Score and an attested copy of the score card
shall be submitted along with the application.
Attendance
A student shall attend at least a
minimum of 75 % of the number of classes
actually held for each of the courses in a
semester to be eligible for appearing for
university examination of that semester. If the
student has shortage of attendance in a semester,
he or she shall not be allowed to appear for
examination of that semester. However, the
University may condone shortage up to 10 % of
the maximum number of contact hours per
semester. If the candidate has shortage more
than this limit he/she has to compensate the
shortage of attendance of that semester along
with the next batch and appear for the university
examination of that semester.

Holy Grace Academy of Management Studies, Mala, Thrissur

Holy Grace Academy of Management Studies, Mala, Thrissur