The heart of any business success lies in its marketing techniques. The most perspective of our business depends on successful marketing. Marketing Management simplifies the activities and functions which are involved in the distribution of goods and services.
Marketing involves various functions/sub-functions like buying, selling, transport, warehousing, finance, risk management etc. Marketing is a great subject to study as if you are interested in consumer behavior.
Finance refers to sources of money for a business. Firms need finance to: start-up a business, e.g. pay for premises, new equipment and advertising. Run the business, e.g. having enough cash to pay staff wages and suppliers on time.
Proper use and allocation of funds leads to improve the operational efficiency of the business concern. When the finance manager uses the funds properly, they can reduce the cost of capital and increase the value of the firm. Financial management helps to take sound financial decision in the business concern.
Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. An MMS/MBA in operations management or a specialization in a related field such as logistics or supply chain management, should help students to enter the industry by developing the requisite skillset or to help those already in the industry to widen their knowledge and push on into a business leadership role.
Human Resource Management plays a strategic role in managing people and the workplace culture and environment. HRM deals with issues related to compensation, performance management, organization development, safety, wellness, benefits, employee motivation, competence, awareness, training and others.
The purpose of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees.
Systems management also knows as Information Technology (IT), is a comprehensive term that includes all types of technology used to exchange, store, used or create information.
The importance of systems in business – people in corporate sector use information technology in a number of different departments including human resource, finance, manufacturing and security using information technology, businesses have the ability to view changes in the global markets far faster than they usually do.
Information Technology (Systems) management careers include: