What is Applied Business Management?
Applied Business management refers to the examination of existing business management practices and the implementation of strategies to alter, improve or streamline them.
Applied Business management theory can involve the implementation of new hierarchical order, emerging technologies, or new decision-making styles.
What 3rd level courses are available?
Universities and colleges in Ireland are offering courses in Applied Business Management in the following subject areas:
- A Diploma in Applied Business Management – Gain an integrated and applied knowledge of the major aspects of business and the ability to relate these to practical issues of management.
- Diploma in Strategic Business Management – An introduction to a range of business management and leadership frameworks.
- Business Management & Marketing – This course is designed to provide the knowledge & personal skills required for a business career.
- Diploma in Business Management Level 3 – Understand key concepts, management procedures, and tools that can be applied in a real-world business management environment.
- Diploma in Business Management Level 4 – This course will teach learners leadership skills, finance management, administration, and communication. The course touches on topics such as business ethics and emotional intelligence.
- Advanced Business Management – Gain comprehensive skills in the management of people, resources, and activities.
Studying Applied Business Management in college
Many courses in Applied Business Management may take place over a few days, weeks, or even 1 year to 4 years depending on the course and modules selected. There are also part-time courses and night courses available so you can be sure to fit in your studies no matter what your schedule is like.
Courses will cover theory work through lectures, assignments, tutorials, and taught modules. Assessments will take place continuously with written examinations and practical assignments combined to achieve a qualification.
A business management qualification prepares you for a career in business, which can apply to any sector or industry. Try to decide on the area you want to work in and aim to get relevant work experience. Relevant work experience is also a good way of demonstrating a genuine interest in the field and is regarded favorably by employers.
Work Experience will not only allow you to obtain a deeper knowledge and understanding of the industry, but it will also give you a chance to do some essential networking with other industry professionals and gain valuable contacts for the future.
Career options
After completing an Applied Business Management course you will be able to get started in a career that uses specific knowledge of how management skills are used in a variety of businesses.
With an applied management qualification you could pursue a position as a manager, cost estimator, or trainer, to name a few. You can also consider careers in property management, health care management, food service management, and hospitality management. If you already have a background in another field such as health care, hospitality, retail, business, or several other areas, studying applied management can help you to advance your career to administrative roles.
You will need to demonstrate an excellent understanding of the way the organization works and the sector it operates in, as you’ll be helping the organization to develop its functions, services, and products to meet goals with internal and external stakeholders. You’ll also play a key role in communicating between internal departments and external parties, acting as a ‘translator’ where necessary.
Working hours will depend on whether you are self-employed, employed by a company with set business hours, or if you are contracted to various businesses or companies. Your working hours may vary, depending on whether you’re a permanent employee in which case you could expect to work full time, usually Monday to Friday with some weekend work or a contractor where you may work longer hours during the week and sometimes weekends to complete project-based work within a specific timeframe. You will need a flexible approach to working extra hours when the need arises.
Related jobs include:
- Actuarial analyst
- Arbitrator
- Business adviser
- Business analyst
- Business development manager
- Business architect
- Business systems analyst
- Enterprise analyst
- Process analyst
- Product manager
- Product owner
- Requirements engineer
- Systems analyst
- Chartered management accountant
- Corporate investment banker
- Data analyst
- Forensic accountant
- Insurance underwriter
- Management consultant
- Project manager
- Risk manager
- External auditor
Further study
After completing a course in Applied Business Management you may choose to pursue further study in a specialist field to increase your knowledge base and skill set. Postgraduate study can also be used as a means to change career focus or to gain professional qualifications required to practice in certain career areas such as change management, data analytics, communication, information systems, or project management.
FAQ
Difference between Business & Applied Management
Business management and applied business management are two similar concepts. Business management pertains to the coordination of personnel and finances to realize the mission of an organization while applied management refers to the procedures used to scrutinize, manipulate and revise business management strategies that are already in place.
What skills will I learn studying Applied Business Management?
Studying business management allows you to develop a broad understanding of business organizations and provides you with subject-specific knowledge in areas such as markets, customers, finance, operations, communication, information technology, and business policy and strategy.
You’ll gain several transferable skills through your studies, including an understanding of organizational behavior and structure, analytical and critical thinking, a creative approach to problem-solving, decision-making, persuasive written and oral communication, numeracy, and the ability to research, interpret and use business and financial data, self-reliance, initiative and the ability to manage time, projects and resources and an appreciation of the causes and effects of economic and other external changes.
Where can I study Applied Business Management?
Explore your options here
Did You Know?
· The Guinness Book of World Records has declared Tupperware as one of the greatest inventions of the 20th century.
· The McDonald’s outlet near Buckingham place is owned by the Queen of England.
· Google hired a camel called ‘Raffia’ to create a street view of the Liwa desert in the UAE.
· Coca-Cola has around 3500 beverages and 500 products under its catalog.
· Starbucks has added an average of two stores daily since 1987.
Comments