decisions Archives | business degree

Tag Archives: decisions

Making the right decision..

making the right decision
Making the right decision..

making the right decision
So many people are asking the same questions over and over: is a business degree eligible for the world today? do you think that it has a wide range of jobs? does it pay well or do I have to open my own business and pay a large capital in order to succeed as a business graduate ? Okay first I want you to chill, calm down, and take a breath, just from its name “business” you should know that its a pretty successful field, nothing in this world moves without it. Think for a second each company has an accountant, marketer, public relations department, human resource services, and management those are the major basics I didn’t even mention the types of managers the economist or the amount of accountants and marketers they need AM I RIGHT??

making the right decision

As a business graduate I have worked in so many fields, business is not just about accounting,marketing, or finance it also has a wide range of subjects in which you must engage in order to pass as a business administrator or anything else in the business world, your major studies of course are accounting,economics,marketing, and finance but there are other things like information technology, psychology, human resources, management,different languages and computer skills. If you ask me in my opinion a business degree is the only degree that you’ll benefit from and will open as many doors for job opportunities as can be. Based on personal experiences I would like to tell you I worked as a teacher, an accountant in a school district and in a small start-up company, as well as a computer translator for a small website company, and taught creative writing in two different languages if that isn’t a wide range field than what is ??

making the right decision

For the paying part just remember that no one starts big you must walk your way up the ladder but for the most part giving yourself a chance to work in so many different fields will help you reach a pretty satisfying salary at the end of the month, later after gaining enough experience and finally deciding that you have found what you’re really good at and what you mostly love to do then you will need to start emphasizing on that field of study getting yourself prepared for the process of specialization into business which is where you pick what your good at what you love doing and enhance it by making additional studies getting a job only prior to that field of interest. If you don’t think any field in business suits you best then open your own business you don’t need a huge capital there are so many types of businesses you could start like an online business, a craft type business, or if you could provide a good enough capital make a small restaurant, a shop, or supermarket.

making the right decision

In my opinion a business degree isn’t a waste of time or money, on the contrary its a chance for opportunity and change. My point is make the decision that suits you best don’t hesitate to take risks life is full of wrongs and rights, its not wrong to fail, its wrong to not try to succeed.

The Signs That Lead To Change

The Signs That Lead To Change

The Signs That Lead To Change

Do you ever get this feeling like you have a hunch on something and you want to explore more of it to make sure that your following the right track, or your just trying to figure out where it will take you sort of investigate, well the number one aspect to check out is how deep your understanding of the firm’s incentives. What are incentives you ask they play the most important role in your business/firm because they answer two main questions:

– how resources are utilized
– how hard individuals work

If you construct proper incentives that will help you enhance productivity and profitability, because its your firm’s base which should be done properly with the best managerial help. This usually provides profit signals it helps managers make a forecast for themselves, that if your product is expensive then it should fall in the highly valued society category which could help more and more industries start flowing in to that society.

As a manager who directs resources and designs incentive schemes you should be aware that there are many types of different profits such as Accounting profit it is considered the explicit cost of resources needed to produce goods and services which is the difference between sales and product cost which are always reported in the firm’s income statement,Economic profit which is the difference between revenues and opportunity cost, and by common sense opportunity cost is the cost of implicit and explicit resources that are foregone when a decision is made.

Managers have a very hard time drawing up economical perspectives such making goals depending on the countries economic status by trying to figure out what is available and what isn’t which is so confusing that’s where the science of managerial economics comes in, to be good at such a field you have so many preparations to make because managerial economics in brief is the study of how managers can achieve goals under a given set of constraints.

The majority of managerial positions is they always make the same mistake they look at the worldwide forecast hoping to change something in there strategy to fit with that when they could just make simple identifications of goals and constraints, to the types of decisions made in economics are sound decision meaning based on what you hear to decide upon what to maximize and minimize which always leads to making the right decisions, the other type is strive decision based upon ambition and willingness to achieve a goal , even when facing measure scarcity constraints.

Put in mind that Economics is used in every little inch in our lives and that you should try and tie with all the things you know because a business is nothing without a manger and definitely managerial economics.