A degree in Business Administration can help develop the skills necessary to manufacture and sell products, motivate employees, and make impactful business decision. These programs develop the leadership and negotiation abilities necessary to manage a global fashion brand.
Fashion brands today are not just competing with each other. Fashion brands are now fighting for material and human resource, searching new markets at competitive prices and wages. These real-time decision-making processes require professional skills in planning and operations at the policy level. business management graduates are extremely useful in this situation. Let’s take a look at the topics covered by these programs.
Bachelor of Business Administration and Master of Business Administration Degrees
BBA and MBA are inter-disciplinary academic programs. The programs combine theoretical and practical knowledge in a variety of areas, such as accounting, HR management and finance, IT, and other operational areas. MBA is a professional degree that is mainly pursued by professionals. For clarity, let’s concentrate on BBA because it is offered at several American colleges.
How long is the course?
The majority of universities in the U.S. provide BBA as a four year bachelor’s program that consists of six semesters. Some intuitions offer part-time BBA, MBA, and correspondence programs. These programs can be tailored to suit your schedule and have a variety of fees.
The Key Subjects of a Business Administration Curriculum
The course structure for business administration is the same. The subjects can be divided in two categories: core (primary), and elective. Let’s look at some of the core courses.
Management Essentials
This subject teaches future leaders the essential functions of management. The subject emphasizes the importance of planning, organizing and controlling assets in an organization.
Human Resource Management
HR is vital to any business. HRM is a training program that helps trainees gain the skills necessary to manage human resources within an organization. The subject is comprehensive, covering everything from hiring to retention and ways to reduce employee attrition.
Corporate Finance
The financial aspect of business is introduced to students. The subject covers topics like budgeting, planning, forecasting and financial analysis. Students learn about the fundamentals of finance.
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Accounting
Accounting is a discipline that focuses on the recordkeeping and bookkeeping procedures necessary for the smooth operation of any business. It also teaches students about the importance of recording and retrieving data on financial transactions.
Business Economics
A business administrator must be able to analyze the quantitative as well as theoretical aspects of an organization. This skill is essential to tracking development and financial growth. Business economics includes the same.
Production and Material Management
A production manager oversees the entire process of converting raw materials into finished products. This module helps students to understand the planning, organization, and control of various production activities. This is often taught as a subtopic or part of the operational management.
Corporate Planning
Administrators are only able to plan long-term objectives and goals for an enterprise if they know the capabilities of that company. Corporate planning is a tool that helps administrators excel at this. This course is designed to improve one’s ability in assessing the strengths and weaknesses of a company so they can set future goals.
Supply chain management
The topic covers all aspects of the production process, from the acquisition of raw materials to their transport, storage, transformation into finished products, and delivery to the client.
Marketing Basics
Marketing is essential to create demand for products, and help them maintain relevance and reputation. The syllabus ensures that students are able to design and implement online/offline plans for promoting products or services.
Retailers
This module enables students to develop innovative business strategies that are vital to effectively presenting their products. The module covers topics such as customer demand analysis and forecasting sales, negotiating prices with suppliers, organizing trade events, and analyzing brand-boosting engagements.
Quick Overview of the Elective Subjects in Business Administration
Students are also asked to choose electives in addition to core subjects. They can select electives based on their specialization and area of interest. These are the most popular optional subjects for a Business Administration course.
- Inventory Management
- Labor legislation
- E-commerce
- Planning and purchasing merchandise
- Fashion product development
- Security Analysis
- Digital Marketing
- Data Analysis
- Brand building
- Contract law
- Entrepreneurship
Summarizing
In 2022, the global fashion industry will be worth over $1.7 trillion. By 2027 it will surpass the $2 trillion mark. The textile, clothing and fashion sector, according to rough estimates, provides direct and indirect jobs for more than 430,000,000 people. The degree in Business Administration develops creativity, business sense, communication and organizational skills. These skills are essential in the fashion industry.
Takeaways from
- Even small and medium-sized companies require business administrators who are competent.
- With a Business Administration degree, you can work as a brand manager, logistics manager, product development manager and wholesale account executive. You can also be an entrepreneur, ecommerce store owner, merchandiser or decision maker at your retail location.
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