In simple terms, business management is the running of a business. Specifically, business management is the coordination of business activities to accomplish a stated goal. Managing entails staffing and directing a workforce, planning and implementing business activities, and allocating and supervising human, natural, technological and financial resources. A successful business is one that manages its resources at optimum levels or, at least, manages them more efficiently and effectively than its competitors.
Business management is among the most popular majors in higher education. Students entering a college or university business program will find that their classes are large and the competition strong. This is true for both traditional brick-and-mortar campuses and distance learning degree programs. Simply put, the business of America is business, and the business of America’s higher education system is to train its workforce.
Almost every major post-secondary school offers some form of undergraduate business management or administration program, as well as courses and degrees in related subjects such as finance and accounting. Online business management degree programs on all levels are readily available, and offered by both well-established institutions and quality fully-online schools. The following are the types of online business management degree options available:
There are two common types of bachelor’s degrees available in business management:
Students researching online business management programs should consider a number of factors before selecting a school. Common elements to weigh into the decision include the following:
The range of certifications available for business management professionals is as wide and varied as the profession itself. There are a number of organizations in business management and related fields offering reputable certification programs. The following is a list of respected business-related certifications:
Other certifications commonly held by business management professionals include:
Students seeking to earn a business management degree online need to determine the potential internship options available to them through the schools they are considering. An internship at a quality corporation or firm can mean the difference between landing a top-flight job upon graduation or not. Almost all large (and many small) companies, as well as government agencies and non-profit organizations, have extensive internship programs that they use to vet potential full-time employees, so it is crucial that your school is able to match you up with an internship at a business.
Requirements for internships in business management vary from company to company, but most have a few basic elements. These core requirements often mirror those of a college scholarship program and include a high GPA, extracurricular and volunteer activities, and prior work experience. Most internships in the business management field are awarded to undergraduate students. Given the current employment market, however, don’t be surprised if top companies and firms are considering MBA students, or even MBA degree holders with some full-time post-graduate employment experience.
Internships in business management are available during summer break and throughout the academic term. Internships may or may not be paid positions.
Offered as part of the Wharton Foundation Series, this course teaches students how to analyze and improve processes in services and manufacturing, improve productivity, provide more choice to customers, reduce response times, and improve quality. This eight-week course is taught by Professor Christian Terwiesch.
This course provides an overview of the process and tools used in design thinking, and an examination of their application in organizational institutions. Beginning with an extensive explanation of the concept of design thinking, the course then continues with discussions on how design thinking can be used to generate and test new ideas. Taught by Jeanne M. Liedtka, Professor of Management.
This 14-week course takes students through the theories of economics, and looks at the factors affecting economics and business decision-making. Included are discussions on micro-and macro-economics, as well as on how to develop a framework to inform managerial decision-making.
Through the stories of MIT entrepreneurs, students will learn how to go from an idea or technology to the necessary understanding of who will want to buy your product and why. Topics include how to identify prospective customers, interview them, and select the right ones for your business. Taught by Bill Aulet.
This course explores the underlying theory and frameworks that provide the foundations of a successful business strategy. Specific topics include; the concept of strategic analysis; the impact of competitive markets; firm capabilities; and competitive dynamics. This six-week course is taught by Professor Samuel L. Slover.
The focus of this five-week course is on the common growth challenges faced by existing businesses when they attempt substantial growth. Using a case-based format, the course covers topics such as "the truth about growth", "the four ways to grow a business", and "creating a growth plan." Taught by Edward D. Hess, Professor of Business Administration.
An Introduction to Marketing teaches the fundamentals of marketing by focusing on branding strategies, customer centricity, and new market entry. Taught by three top Wharton faculty members, the 12-week course features on-location videos and debates between the three professors.
This course is designed to provide students with key concepts and techniques for successfully managing projects from planning to completion. Students will learn to differentiate between projects and operations, identify the different phases of a project, develop strategies to effectively handle projects, and more. Taught by Sylvia Gurdian.
This course in entrepreneurship is designed to provide the student with the tools to vet his or her business ideas and to test them in the real world. The course's goal is to provide a practical framework for identifying a promising opportunity, assessing its impact, and developing it into a sustainable enterprise. Taught by Buck Goldstein and Holden Thorp.
AACE International is dedicated to the study of cost engineering and cost management. The organization awards competitive scholarships ranging from $2,000 to $8,000 to full-time students pursuing degrees in a number of fields, including business.
Sponsored by CEO.com, the CEO of Tomorrow Scholarship ($2,500) is awarded to a student interested in business leadership and/or entrepreneurship. Applicants must submit a 500-600 word essay on a given topic as part of the application process.
The GE LNESC National Scholarship Program awards $5,000 scholarships annually to qualified minority students enrolled in a business or engineering bachelor’s degree program at a US college or university. Applicants must be classified as sophomore students in the fall term.
The Mark Beaumont Scholarship Fund was established to support students who are pursuing careers in the business of interactive entertainment in areas such as executive leadership, law, marketing, public relations, and business development. Two awards of $2,500 are made annually.
Sponsored by the Daughters of the American Revolution, the Mary Elizabeth Lockwood Beneventi MBA Scholarship is a one-time $2,000 award given to a business administration student attending graduate school full-time at an accredited college or university.
The National Association for the Self Employed offers three scholarship programs aimed at prospective business students. Succeed Scholarships (up to $4,000) are for working NASE members who seek to return to school for additional business education. The NASE Future Entrepreneur Scholarship (up to $24,000 total) is awarded to one student annually who shows the characteristics of a future micro-business owner. NASE Scholarships ($4,000) are open to dependents of NASE members ages 16 to 24.
The National Black MBA Association awards scholarships on the undergraduate (up to $5,000) and graduate (up to $15,000) levels. The association's mission is to increase the pool of Black talent for business, and in the public, private, and non-profit sectors.
The National Business Association (NBA) Scholarship program is open to dependents of NBA members and awards $1,500 scholarships to college-bound high school students and college undergraduates.
The NFIB awards scholarships ranging from $1,000 to $10,000. These scholarships are open to any graduating high school senior that operates his or her own small business. Students must enter a two-or four-year university, college or vocational/technical institute in the United States.
The NSHMBA Foundation Scholarship Program ($2,500 to $10,000) is sponsored by the National Society of Hispanic MBAs. This scholarship is open to NSHMBA members of Hispanic heritage who are enrolled or are planning to enroll in an AACSB-accredited master’s degree program in management or business.
The Robert J. Yourzak Scholarship Award is a $2,000 scholarship open to any student enrolled in a degree-granting program of higher education in the project management field. The scholarship is sponsored by the Minnesota Chapter of the Project Management Institute.
Business Today is a non-profit student organization run by Princeton University undergraduates. Since its founding in 1968, Business Today's mission has been to create a dynamic forum for influential business leaders to interact with top undergraduate students on campuses worldwide. Business Today Magazine is the most widely distributed undergraduate publication in North America, with an annual readership topping 150,000.
A product of the University of Chicago Booth School of Business, Chicago Booth Magazine is published in print and online three times a year. It highlights Booth alumni accomplishments and faculty research, as well as a roundup of school news and activities.
First published in September of 2013, the Electronic Journal of Global Business, Management and Leadership is a product of the Virginia International University. The semi-annual EJGBML provides VIU students with the opportunity to publish research papers prepared in pursuit of their degrees.