What is Business Studies?

What is business studies? Business studies is the study of how businesses work. It is an umbrella term for a variety of subjects. Although the subjects may vary, they all have a common goal. To understand how businesses work, and how changes may affect them in the future.

Business studies is broken down into 2 categories. The first being management studies, which concerns itself with the management and running of businesses. The second is economic studies, which concerns itself with the study of economics.

Research

In order to gain a better understanding of business studies, and the issues it deals with, it is necessary to spend a significant amount of time studying.

There are several mediums in which a business studies student can find information for their research study. Books, books and articles are all common sources of research. There are also many different types of research which can be used.

Primary research

The primary type of research involves gathering information first hand. An example would be asking a member of your staff or someone else who works for your business. You are then able to look at the information for yourself and draw conclusions.

Secondary research

The second type of research involves gathering information from other people. Many different types of media are available for this such as books and the internet. Research can be filtered by topic or time frame. This can allow us to see the bigger picture and understand how things have been developing over time.

Analysis

Once all of the information has been gathered, it is time to analyse it. This analysis involves looking at the information, breaking it down into key terms or concepts and drawing conclusions.

Conclusion

The conclusions drawn from an analysis are what we put forward in a report. This can be a report card, a business case, or just a written report.

Throughout the course of studying, it is important to remain objective. It is important that your opinions, your beliefs and your values do not influence your analysis or conclusions.

In a nutshell, business studies is the study of how businesses work. It is an umbrella term for a variety of subjects. Although the subjects may vary, they all have one goal. To understand how businesses work, and how changes may affect them in the future.

The study of management involves looking at how businesses work. It concerns itself with the management and running of businesses.

The study of economics involves the study of money, value, and production. It is concerned with how money comes into existence, how it changes and how it affects the economy.

There are a host of other subjects, which fall under the umbrella of business studies, such as marketing, accounting, human resources and public services.

Business studies is a vitally important subject for entrepreneurs. It is required for those who go into business for themselves. It is also required for those who work in businesses that have a management or an economics element to their job.

Is business studies for you?

This may sound like a rather generic thing to say but yes, business studies is for everyone. There are many, many entry-level jobs available which do not require a degree in business studies. There are also a number of degrees available, which can be useful for those looking to start their own business.

However, there are plenty of other reasons to study business studies.

Business studies is rewarding. You will gain an in-depth knowledge of business, and will be able to apply this knowledge to many different jobs.

The skills and knowledge gained in studying business studies will help you in a multitude of ways. You will have a deeper understanding of economics, management, marketing, accounting and human resources. You will also have the ability and the understanding to carry out your own research.

The skill of analysing information is vital in any business. Being able to quickly analyse information and then draw conclusions is essential. It is also vital to be able to communicate your findings to others.

Careers in business studies

There are many careers in business studies. These jobs include:

1. Economist

The economist is responsible for studying the economy. They study economic trends, and the impact of them on businesses and industries.

2. Financial Analyst

The financial analyst is responsible for analysing and interpreting financial information.

3. Human Resources Manager

A human resources manager is responsible for managing people. They MBTI style, and are responsible for hiring, training and firing employees.