Business Management And Administration Career Cluster Pathways – Business transactions have been a part of life for as long as people exchange goods and services for some form of payment. All businesses can be defined as organizations that provide goods and services to consumers. Most businesses strive to make a profit, that is, make more money than is necessary to run the business. However, some businesses struggle to make enough money to cover their operating costs. These businesses, often social service agencies, hospitals, foundations, or advocacy groups, are called non-profit or non-profit organizations.
Jobs in this cluster deal with all aspects of running a successful business, including developing business plans. obtain funds necessary for the operation of the business; hiring and developing staff; review the tender; Create and promote the business’ goals, identity and products; Take care of all administrative and informational needs of the business. In large companies, these functions are performed by hundreds of employees in different departments spread over different geographical areas. In small startups and some nonprofits, one or two people take on all these responsibilities. With skill development in many job categories in this cluster, the opportunities for advancement and growth are almost limitless.
Business Management And Administration Career Cluster Pathways
The six tracks in this cluster are Administrative and Information Support, Business Analysis, Financial Management and Business Accounting, Human Resources, Management and Marketing.
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Employees in this field are responsible for the day-to-day administrative tasks of a business. They ensure that information flows throughout the business in an efficient and timely manner. Typical responsibilities in this department include data entry, filing, word processing, answering and redirecting phone calls and emails, and health and recording of visitors and customer visits. This field includes customer service representatives, office managers, receptionists, secretaries, typists and word processors.
Those who work in this field solve problems. They analyze different types of data and based on their analyses, make recommendations on how the business should proceed to better achieve its goals. Among other things, people in business analytics help set prices, build budgets, improve communication systems, and determine which customers are most likely to buy a company’s products or services. This field includes credit analysts, financial analysts, management analysts and consultants.
Workers in this field create and use accounting systems that enable a business to track its profits, losses, and total expenses. People in this field are adept at working with numbers and are often responsible for highly sensitive financial information. This sector includes accountants, auditors, accountants, debt collectors and financial services brokers. Read more about accounting.
HR professionals are responsible for hiring and managing employees. They interview new applicants, design and implement employee training and development programs, manage and administer benefits programs, mediate workplace disputes and ensure company compliance with all applicable labor laws. HR professionals must be good communicators who enjoy working with people. This sector includes staffing specialists, event planners, recruiters and employment agencies.
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Employees in this broad category work at the highest levels of a company. They determine and hire new employee needs, monitor employee performance, evaluate a company’s workflow, communicate with customers and clients, and work with other departments and managers to ensure a company’s overall success. Operations managers, cost estimators and risk managers are included in this field.
Marketers are great communicators. They are responsible for getting the message about a company’s products and services to the right target audience. To do this, they conduct extensive research on current market trends and competitor strategies. Marketers are also responsible for a company’s internal communications, including ensuring that employees are informed of the company’s latest achievements and commitments. Marketing includes buyers, market researchers, media relations specialists, public relations specialists, and telemarketers.
To prepare for a business, take a comprehensive high school course, including humanities, science, and business electives. Most colleges and universities offer advanced business studies, including business administration, marketing/advertising, and human resources. Talk to your guidance counselor about how you can best structure your educational experience to prepare you for business.
Most jobs in business, management, and administration fields require a four-year bachelor’s degree. Some administrative or clerical positions, such as receptionists, records clerks, and customer service specialists, may require a high school diploma or two-year associate’s degree, but a bachelor’s degree is essential for advancement at most companies. A good way to gain exposure to different aspects of the business is to look for work during summer vacations and other breaks from school. If you have good computer skills, communication and other basic office skills, apply for a job through a staffing agency. This is a valuable way to gain experience in a wide variety of businesses and departments. This will help you decide which business path is right for you after you graduate.
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Changes in the economy affect almost every company. When the economy is booming, consumers have more money to spend, which means they buy more goods and services. When the economy goes into recession, almost all businesses are affected as consumers cut back on spending. During tough economic times, many companies lay off or lay off employees in order to stay afloat.
The economy is going through one of those bad times right now. Most companies are cautious and conservative when it comes to spending, hiring and expansion. Technology also affects business. On the one hand, the increased use of automation has reduced the number of workers needed in some sectors, but at the same time new workers are needed to purchase, monitor and analyze automation technology.
However, business, management, and administration remain one of the largest and highest-paying segments of the job market. The career outlook should remain good for workers who stay up-to-date on the latest developments in their field and are constantly looking for new ways to contribute to the success of their business.
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