Education. Business degree - Research Paper Example

Education Introduction Education is an important part of the lifetime of a human being. On that education entails the acquisition of knowledge from a media for instance print media or through the aid of a facilitator; a teacher in the case of elementary school and a lecturer in the case of institutions of higher learning. Furthermore, the primary goal of education is to enable one make wise decisions through facilitating and boosting the reasoning of an individual. Moreover, in the current dynamic world education has been used as a tool of earning a living. On a similar theme, education has enabled individuals to specialise in the various diverse fields available in the market for example individuals who specialise in medicine are able to treat people and in turn have been able to earn revenue that serves to improve the living standards. On the other hand, another essential goal that education is purposed to serve is to improve the lives of individuals. Apparently, education has been able to facilitate further research in various fields for instance agriculture which has consequently, led to increase in food production while simultaneously observing quality standards of the yields. On that note, in the field of business education has served to improve the quality of service delivery through the innovation of machines which improve the efficiency of the work. Furthermore, through education we are able to acknowledge the various business strategies and evaluate on the most appropriate one to employ in the various diverse businesses having different requirements. Moreover, education has also provided a means in which business structures can be comprehensively studied in a bid to expand the various business activities that exist in this dynamic world that is characterised with rapidly changing environment. However, in this paper we focus mainly on the higher education in the field of business. In addition to that, we are going to highlight some of the ways one can acquire a business degree, its advantages and its application to the current business endeavours. First and foremost, a business degree can acquire in a number of ways depending on the specific user needs. On a similar theme, the choice of the manner of study may vary with a number of factors, for instance the issue of geographical location of the individual with respect to the institution of learning. On that note, individuals who live far from the educational institution may consider studying online as way of acquiring a business degree. In addition to that, individuals who use this form of studying employ the use of computers; internet to acquire the required educational material for example books and other relevant literature and study online. On the contrary, another important factor that influences the manner in which one can acquire a business degree is the occupation of an individual. Apparently, individuals who have hectic schedules during the day may consider part time schooling as opposed full time since it may not interfere with the daily activities of an individual. In addition to that, this mode of studying entails evening classes and may take a longer period to acquire a business degree as compared to the full time mode of studying since in full time studying, an individual is subjected to longer studying hours as compared to the part time mode who may at time study during the weekends only. On the contrary, the duration of acquiring a business degree may vary depending on a number of factors for instance the mode of study of an individual. On the same note, individuals who use the full time mode of study may take a minimum of three years to attain a business degree. In addition to that, individuals who use the part time mode of studying may require a minimum of four to five years in order to achieve this important business degree. However, individuals using this form of studying may in other cases take longer to acquire this degree since some may decide to defer their studies in a bid to ease the daily schedule. Moreover, individuals who pursue this degree using the e learning method make take a minimum of two years depending on the individual. On a similar theme, this is the case here since individuals in this form of study depend on their own capabilities to cover the syllabus and thus cover it faster as compared to people in the other forms of education and as a result they may at times take shorter time to acquire a business as compared to the universal stipulated time for the acquisition of this important document. In addition to that, another crucial factor that determines the duration of acquisition of this important document is the state in which one decides to pursue this degree. On that note, different states have different duration for the acquisition of this important document. Apparently, in Kenya the stipulated time period for the acquisition of a business degree is a minimum of four year while the recognised time period for the acquiring of this degree in Uganda which is a neighbour state is a minimum of four years. However, there also exist some other countries that postulate different time periods for the acquisition of this important document. In simple terms, the choice of the state in which one pursues this business degree determines the duration in which one is required to study in order to achieve this goal. On a similar theme, there are some instances in which the duration of acquisition of a business degree is determined by the institution in which one decides to enrol in. However, in a bid to avert this controversial issue of the duration of the acquisition of this document, states have drafted laws and regulations that govern this exercise. Furthermore, in a bid to be able acquire this degree; one must enrol into a school of business or an institution of higher learning. On that note, an individual purposing to acquire this degree must satisfy a number of regulation and requirements stipulated by the institution one intends to enrol in. On a similar theme, some of the basic requirements that an individual is required to meet are; for instance one must have acquire the basic high school and education and passed appropriately as recommended by the examination board of the nation. In addition to that, one must meet the required pass mark as documented by the institutions board. Furthermore, in order to pursue a business degree, one must have studied the required subjects relative to the degree course for instance business studies in high school. Moreover, the most basic requirement for admission to pursue this degree is the availability of capital necessary to fund the process. Furthermore, the amount of money required in order to acquire this degree may vary with the institution of choice. On that note, the amount of money may also vary with the choice of the mode of study. Apparently, individuals who decide to use the online system of learning; e- learning may incur less cost as compared to the fulltime students and the part time students. This attributed to the fact that individuals pursuing this degree using the e-learning mode, only pay for examination expenditures only as opposed to the part time and full time students who pay for the cost studying; the facilitator who is mandated with the task of passing the knowledge. However, do the different currencies that exist in the world, the cost of acquiring this business degree may vary with the state it’s pursued in. In addition to that, since some of the currencies bear high cost as compared to others for instance the dollar and the shilling, it may be expensive for an individual in a country like Kenya to pursue a business degree course in a nation like Britain due to the difference in currency qualities. On the other hand, due to the rapid growth of the business sector, many people have delved in to trying to acquire a business degree in order to secure opportunities in this rapidly growing sector of the economy. In addition to that, individuals have also strived to acquire this document in a bid to boost and expand their businesses with respect to the dynamic nature of this important sector of the economy. On that note, a business degree is very significant to the rapidly dynamic world in the following ways. First and foremost, through the study of various business enterprises during the course of acquisition of a business degree, individuals have been able to be inspired to build their own business enterprises and this has consequently led to the growth of the business sector. On the same note, through the equipping of individuals of the failures of the past business enterprises, one is able to learn from the past mistakes and improve on the current business practices and this has in turn contributed to the generation of capital which has been used to improve the living standards of individuals thus achieving the universal goal of education which serve to better the living standards of people. Furthermore, through the study of this degree course, individuals have been able to appreciate the necessity of starting their own business enterprises as opposed to seeking white collar jobs. This analogy has served to ease of the unemployment rate in the globe since some of the graduates are able to start their own business therefore creating job opportunities in the business sector. In addition to that, individuals who have been successfully acquired this degree have also been able to use their knowledge in practical situations to solve the various business problems for instance in the case of manufacturing industries, through the incorporation of good marketing strategies taught in the institution of higher learning, huge profits have been recorded through the sales of their products using this marketing technics. Furthermore, graduates of this course have also played a major role in the growth and development of new products in the industrial world. Apparently, through the study of business individuals have been able to diversify the manufacturing industry to suit the new requirements that come about with the changes in the daily environment. For instance, in the textile industry, in places which experience winter conditions which are characterised by the cold weather, it is advisable to manufacture heavy clothing which are in accordance to the demand of the market. On the contrary, during summer conditions the same textile industry should be able to manufacture light clothing. As a result of this diversity of the market with respect to the market demand industries have been massively thrived. Furthermore, through the study of the technology with respect to the business world during the duration of acquisition of the business degree course, we have been able to appreciate the necessity of incorporation of new technology in the growth of the business sector. On that note, information technology has placed a major role in the thriving of the industrial market. For instance the incorporation of information systems for instance computer systems has served to store huge amounts of data regarding the organisation. This development has facilitated easier as efficient storage and retrieval of information and therefore fostered the growth of the industry. In addition to that, the introduction of information system has played a major role on the shaping of the management structure of companies. Apparently, through the incorporation of computer systems, the communication between the various organs within an organisation has boosted. Consequently, this has led to the rapid growth and improves efficiency in the service delivery in the business sector. Through the course of studying the various business enterprises candidates have are able to come with new innovative business strategies which are purposed to improve the business sector as a whole. For instance through the various trading practices, one be able to appreciate on the necessity of trade as an important economic activity and consequently, strive to improve the vice. On that note, graduates of the business degree course have strived to improve trade through the drafting of laws that enable and promote efficient and effective trading activities. For instance, in the eastern African region countries are striving to introduce a universal currency in a bid to boost trading activities in the region. In addition to that, these countries are working towards the eradication of some trade fees levied on foreign traders in a bid to foster trading activities within these counties. In addition to that, though the study of business one is able to acquire knowledge on how to generate capital with the available resources in the nation. For instance, countries that have minerals such as gold can be able to generate capital that is essential in the running of the nation. Furthermore, in the course of the study of business one can be able to conduct feasibility studies on projects for instance mining and determine the amount of profit in relation to the cost incurred in the project and consequently, draft appropriate and important proposals that can help in determining whether the project is profitable, thus engaged in or is none profitable and thus terminated. Furthermore, the study of business has also served to show people on manners of managing finances for instance revenues generated for business through the study of financial management. Apparently, finance is an essential part of any business but the management of capital important in the management of an enterprise and constitutes the core of the business. For instance poor management of finance may lead to the demise of the enterprise. On a similar theme, during the duration of acquisition of the business degree one acquires knowledge pertaining to the various methods of managing finances for example the need to save and comprehensive budget on expenditure in a bid to ensure accountability of the capital generated and thus estimate the profits. This has served to improve business enterprises which have in turn generated income for the individual and consequently, resulted to the growth of the economy of a nation. Moreover, through the study of the failures of the past business practices during the duration in the institution of higher learning, individuals have been able to work on correcting this wrong vices and recommending for changes where possible and this has led to the economic growth of the nation. In addition to that, though the study of the various structural diversities of different business enterprises, we have been able appreciate their existence and in turn tried to improve on them in a bid to ensure efficient service delivery. Furthermore, the study of this structural difference has also facilitated research in this area and as a result, other new and more efficient structural adjustments have been made in order to cope with the current environment. For instance, some of the business practices that exist were feasible before the advent of computer systems thus not relevant to the current world. Therefore, through the study of business one is able to see the need and consequently, advocate of the change in a bid to improve service delivery. Evidently, this has contributed to a massive business revolution from the traditional way of handling business to the modern way of transacting business which entails the use of technology such as information systems. Another vital application of the business degree is in the educational sector. On the same note, instead of using the knowledge acquired on business in the industrial world one may decide to venture into the teaching profession. In addition to that, this is a highly intellectual job description that requires the passage of the knowledge of business from one party to another. Furthermore, in a bid to achieve this goal, high level of research and reading is paramount in this particular job description. Apparently, it is in this line of work that new innovative ways of conducting business are developed and tested in a bid to determine their admissibility to the current dynamic world. On the contrary, some of the theories suggested in institutions of higher learning are termed as being relevant and applicable to the current world therefore the work of this job description cannot go unnoticed. However, some of these practitioners are highly diverse since they can fit in any business job categories that exist in the market. Furthermore, a business degree can help one secure a job as accounting since accounting is an important part of the business studies. Apparently, in this field of business, an individual is required to be highly knowledgeable in mathematical concepts which are employed in a bid to solve some business related arguments. On that note, people with this particular line of expertise can be used in the stock market to determine and estimate for instance the profit margins or the lose margins of a company. In addition to that, they are also mandated with the task of managing the capital for instance expenditure and drafting of budgets of a company. A business degree may also come in handy, in the field of marketing and sales of products and services. On that note, the profits generated for instance by a manufacturing industry depend mainly on the marketing strategies employed by that particular company. On a similar theme, it is evident that the role of marketing is essential thus the need for the incorporation of an individual in that area of expertise and that is one who has attained a business degree. In conclusion, it is evident that the business sector has grown spontaneously over the years. Apparently, this can be attributed to the fact that education is playing a major role in mainstreaming this sector. Notably, businesses run using the traditional methods are less productive as compared to the ones that have embraced the need to employ individuals with the required expertise in business; holders of a degree in business. Furthermore, it is worth noting, that since the incorporation of trained individuals in this sector new policies and business practices have been introduced and this has served to thrive the existing businesses while at the same time giving rise to other ones. Moreover, it is clear that technology has played a major role in the growth of this sector. For instance, since the advent of computer systems learning has been made easier through e-learning and people have been able to attain business degrees using this form of studying. To this end, it is clear that education is core in the development of new and successful enterprises. References ? Byrne, John A.. Business week's guide to the best business schools. New York: McGraw-Hill, 1990. Print. ? Montauk, Richard. How to get into the top MBA programs. Englewood Cliffs, NJ: Prentice Hall, 1997. Print. ? Moran, Jill S.. How to start a home-based event planning business. 3rd ed. Guilford, Conn.: Globe Pequot Press, 2010. Print. ? Witzel, Morgen. How to get an MBA. London: Routledge, 2000. Print. Read More