The Commercialization of Commerce
The economy solely relies on commerce and management which is why this area is perceived in a very imperative way in India as well as abroad. The smooth exchange of goods and services ensures that there is enormous profit adding to the economy. A management and commerce professional is offered a decent pay package and has plenty of job prospects to choose from. To look after any business, be it an own business or a company business, the concerned person has to be equipped with the expertise pertaining to the requirements of the business.
The beginning of trade took place with the practice of the barter system which has today grown into e-commerce. With the evolution of the internet, there is a rise in the e-commerce sector thereby increasing the demand for commerce and management graduates. Along with a commerce degree, an eye for detail, access to the latest information, and a widespread network are considered to be some of the added advantages.
The Indian economy has today gained an international stature as a result of the contribution of distinguished graduates from the management and commerce stream. We all have a natural instinct when it comes to earning profits for our own self. However, running a large business demands a professional approach which can only be gained by undertaking a suitable program under the School of Management and Commerce from a reputed university.
Why Management and Commerce Enrollments are Comparatively Higher?
Candidates get to develop and execute their management skills which they can use later on to establish their own business ventures. Every business has its own ups and downs and is filled with the criticalities of making tough decisions. A commerce student will have the problem-solving tact’s required in making the right choice at the right time. While working in a dynamic environment, employees are likely to find themselves in challenging circumstances every now and then. Pursuing a specialization in the field of commerce and management comes to the rescue when you begin working in a similar environment.
The study of Commerce and Management is not just restricted to following effective business practices but also provides an in-depth understanding of HR management and implementation of innovative ideas. Candidates also learn the importance of time management. A Commerce student is always taught how to value a customer and earn his trust thereby making a sale and also ensure future profits. Earning profits and providing consumer satisfaction are the main objectives of any business. The field of Commerce generates enormous business opportunities.
Nature of Management and Commerce
Any individual activity that involves the intent to make money or earn one’s bread and butter is considered as an economic activity. These activities include employment, profession or a private business all of which require a basic understanding of Management and Commerce.
Management is an essential factor to make people realize their roles and responsibilities while working towards a common goal collectively or individually. The following objectives are associated with the study of management:
• Maximum outcome with minimal efforts
• Increase efficiency and productivity
• Improve leadership qualities
At ISBM University the effective collaboration between students and teachers and wisely structured management courses that are tailor made as per the requirements of student’s altogether will ensure that the objectives of management and commerce are safeguarded and achieved after completion of the specific course.
The prime reason why students take up Management and Commerce education is to be effective and efficient in all the affairs and practices pertaining to their organization. A right candidate is able to cope with the technological inventions and also has the ability to train and guide people.