Business studies definition
Understanding of the business world and its dynamics should be ventured by prospect business people as well as those who need to undertake business studies course. A business study by definition is the acquisition of knowledge on planning, organization and development of goods and services that are aimed at satisfying customers.
Business studies provides a holistic approach of understanding various economic dynamics like control of businesses within a particular area, patterns of manufacturing and distribution of goods as well as specialization and division of labor. The inception of business through generation and acquisition of business ideas, planning of the business and structuring as well as role assignation to various employees and other factors of production that push for establishment and functionality of business are aspects that are explored in business studies.
Types of business studies
The wide nature of the business field necessitates emergence of subjects of interest under business studies. When studying business therefore, students explore various types of business studies and study each subsection independently and at the end have a holistic coverage of business studies as a course.
Before performing an in-depth analysis of these components, there is need to understand that business studies is offered at different levels namely A-level or secondary education, associate degree in business, bachelor’s degree in business and Master’s degree in business. Progression in the level of education that is from secondary to university and even further studies respectively increase the depth in the business studies and also the coursework becomes more complex.
Basic types of business studies and the details of each component are explored herein;
Accounting is one of the component of business studies which is involved with effective running as well as longevity and expansion of the business. This type examines the financial aspect of the business and thus as the study of business progress, accounting becomes more complex. This can be attributed to the existence of programs with specialty in accounting like a bachelor’s degree in accounting and thus accountants as experts with accounting knowledge.Within the accounting field the students are treated to varying coursework depending on the institutions but in general, the studies base on bookkeeping which is involved with organizing the transactions performed on daily basis in the business in order to keep track of the activities and also to balance the various expenses with the revenues in the business. Financial accounting deals with development, balancing and analysis of different financial statements and other accounts like sales accounts, purchases accounts, and profit and loss accounts among others to ensure that every transaction can be accounted for.The completion of accounting can see students land to many specialized accounting jobs working as government accountants and auditors, management accountants for corporate and private companies, and public accountants working in businesses and non-governmental organizations as accountants, auditors or tax consultants.
This is another type of business studies which can land the students in various marketing positions. Marketing as a component of business studies analyses various dynamics of customer outreach mechanisms and the course work involves topics like trade, local, regional as well as international trade and different market dynamics. Advertising, branding and brand management, market research, sales management and even international marketing are the topics covered under this category of marketing.
3. Business administration
This is another component of business studies and in most cases exists separately and it is offered as a degree in business administration and management. Business administration and management entails functionality and routine operation of the business and thus there are topics uniquely covered in this section. Entrepreneurship is one of the topics covered and under this topic students learn about business ideas and sources of such ideas, factors of production, business planning and qualities of entrepreneurs.
Office layout and operation is also covered under business administration and it involves office planning and layout, types of offices for different businesses and office machines. Human resources management entails study of employment patterns, types and qualities of employees and employers, employees’ interactions at workplace, employees’ motivation as well as hiring and firing and discipline of workers and the whole labor force and labor patterns.
Economics is the last component of business studies and as a component there exists separate education offered as a degree in economics and as such there are various coursework topics covered under this section. Economics students are equipped with communication knowledge as well as computer proficiency which is also required in the other above discussed components. Successful completion of economics degree helps students land jobs in all business fields but will mostly work as educators, charged with providing information regarding economic situation of a particular place to clients. Other places of work include working as commercial brokers, government administrators or government economists, insurance risk managers and even as securities brokers.
Economics as a type of business studies covers some topics related to analysis of market projections together with the currency standings and stabilities. Economists also examine the labor markets to determine the number of job created in a particular country or area as well as the income earnings of different workers and the number of new businesses entering and those exiting markets notwithstanding the factors that can be attributed to such entrance or exit.
The in depth analysis can help to determine the current economy of an area, and by so doing predict the future growth or decline of the economy basing on observable factors either favoring or limiting economic growth. The same analysis can be performed in businesses to determine the business financial position and device ways of advancing the business.
Institution for business studies
Different institutions that provide business studies courses exist and as such the quality of education differs from institution to the other. Online as well as regular studies are also offered and among the top business studies institutions is the London School of Economics located in UK and is one of globally known business studies universities.
Business studies requires an in depth analysis and understanding of various components that make up the wide business studies discipline. The business studies forum empowers prospect students to understand the topics and make the right choice for a business studies course.
The New Real Estate Bachelor Of Science Degree
The real estate Bsc is a degree course that can be studies in the United Kingdom. Real Estate BSc Honours is offered in Marylebone University which is located in Central London, Oxford Brookes University, Birmingham City University, Kingston University, Northumbria University, and Royal Agricultural University.
This course will give you an understanding on aspects of real estate which include:
- Buying and selling of property
- Valuing property
- Developing property
- Managing property
- Investing in different property markets
After having been given an understanding in the following fields, the course will prepare you in your professional career directly to do the following jobs:
- Building surveyor
- Building control surveyor
- Commercial or residential surveyor
- Development and Planning surveyor
- Rural Practice surveyor
- Land surveyor
The course may also be useful in the following areas:
- Estate agents
- Historic building inspector
- Housing officer
- Facilities manager
- Town planner
- Landscape architect
- Nature conservation officer
This course exposes one to different areas and their subjects of study include:
- Property valuation and investment
- Legal studies
- Property economics
- Property markets and data
- Finance in property
- Building technology
- Valuation practice
- Sales and marketing practice
- Managing property business
- Residential property development
- Statutory valuation
- Investment and development appraisal
- Property management
The core courses of real estate include:
• Business management and organization
• Real estate market analysis
• Real estate principles
• Real estate taxation and accounting
• Real estate law
Real estate management course helps the student in developing any skills such as:
- Able to analyze complex data
- To manage complex data
- Effective communication
- Good presentation
- Team leadership
- Time management
- Able to apply your theory into practice
- Information Technology use
- Able to apply economic concepts
The course will only take one a period of four years in order to complete your BSc.
Real estate is a sector that is dynamic and is growing quiet fast. Real estate is also said to play an important role to the economic field through the business sector. Every other organization wants their property to be valued and managed as well so that accountability is at its best. All this done by real estate personnel.
Whether you want to be the most famous person or you want to be the model that everyone admires across the nation or in the world, owning property will be your pride. This property will need to be valued on and managed upon and all this can be done for you by a person who holds Real Estate BSc Honours.