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Group Project: Index 1-Description of the major 2-The skill 3-The kinds of jobs 4-The nature of the work 5-Relevant statistics The College of Business An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. An organization or enterprising entity engaged in commercial, industrial or professional activities. A business can be a for-profit entity, such as a publicly-traded corporation, or a non-profit organization engaged in business activities, such as an agricultural cooperative. What is Business A business study is an academic area of concentration within the business major that is taught at an institution of higher learning. There are many different subject areas within the business sector. Thus, there are several types of business studies. Business studies help train and prepare undergraduates and graduates for careers in the business world. In addition, business studies are among the most popular studies among college students. According to the National Center for Education Statistics, most of the degrees awarded to college graduates are business degrees. Business principles can serve as the backbone for economic, political and social systems at all levels. College of Business functions Business studies serve several functions. First of all, they allow the broad study of business to be broken down into more comprehensive subject areas that are easier to absorb and study. This categorization of studies allows for specialization as well. Rather than requiring each student to be proficient in the general category of business, business studies allow students to concentrate on one area and specialize in it to achieve expertise. Business studies more efficiently prepare students for business careers than a broad study of business would. Students can major in one of the following areas: Specialization in Accounting Specialization in Finance Specialization in Human Resource Management Specialization in Marketing and Entrepreneurship Accounting There are many business studies. The most common of these is accounting.If you like free enterprise, thank an accountant. No, really. While Accounting isn't exactly glamorous, it's absolutely central to any properly functioning free market system. In a nutshell, if you major in Accounting, you'll learn how to keep financial records of business transactions and how to prepare statements concerning assets, liabilities, and operating results. It's a fairly technical and very numbers- and detail-oriented field that involves economics, the interpretation of financial data, and management skills. It's also a rapidly growing profession, and that's not likely to change any time soon because monolithic corporations, governments, charities, labor unions, individuals, and pretty much all other kinds of entities need accountants. While it's possible to be a general accountant, specialization is a Big Thing in this field. Many accountants specialize in auditing, taxes, or consulting. There are also several professional designations within the field of Accounting. There's your garden-variety CPA (Certified Public Accountant) as well as your CMA (Certified Management Accountant) and your CIA (Certified Internal Auditor). Keep in mind that you've got to pass an extremely challenging exam after graduation in order to earn any one of these titles, though. Business often involves calculating numbers, whether it's sales figures, revenue, or expenditures. If you have a head for numbers, earning a bachelor's degree in accounting could add up to a positive experience for you. Workers who specialize in accounting help companies maximize profits by tracking finances, spending, and taxes. For example, forensic accountants are entrusted to examine white-collar crime and other illegal activity, according to the Department. Marketing If you think you might enjoy promoting products and services, earning a degree in marketing could help you learn to use advertising and branding techniques to tap into the needs and wants of consumers. Between us, Marketing is the art and the science of getting people to buy stuff. More formally, it is the study of how to determine consumer needs and translate those needs into products and services and selling them locally, nationally, and globally. Either way, Marketing is a practical, career-oriented, and solidly pre-professional major that requires analytical skills, logic and creativity. If you decide to major in Marketing, you'll learn about the distribution of goods and services, consumer behavior, pricing policies, channels of retail and wholesale distribution, advertising, sales, research, and management. Other topics you are likely to encounter include market segmentation and targeting, effective customer service, new product development, and logistics. Upon graduation, most Marketing majors usually find jobs in consulting, market research, and advertising. If you want to work in the Marketing department, though, you should expect to start in sales where you can really get to know a company's products and its customers. In fact, starting in sales is frequently the best (and sometimes the only) way to ultimately get one of those coveted (not to mention high-paying, low stress) jobs in the Marketing department. Human Resources Are you interested in helping companies maintain good relationships between employees and employers? A degree in human resources may be a good fit for you. The most important assets of any business are its employees. Employees who need to be kept happy, trained, enthusiastic, efficient, and maybe even out of trouble. As businesses grow, and as labor relationships grow increasingly complicated and demanding, more and more companies are turning to human resource managers to help them communicate with, reward, and enthuse their employees. If you’ve ever spent ten minutes by the proverbial office water cooler, then you can imagine just how demanding of a career this can be. It requires someone who has a clear knowledge of business management and administration, as well as someone who knows how to deal with people. As a Human Resources Management major you will learn about business administration, as well as gain an understanding of corporate and labor law, planning, and psychology. If there was ever a high-growth field, this is it. Human resources managers are needed in almost every sector, private and public, from Fortune 500 corporations to the next generation of start-ups. Finance Finance is a very professionally oriented major designed to prepare you for a career in financial management, which is the art and science of managing money or, if you like, the way people, institutions, markets, and countries generate and transfer wealth. It's a good major and potentially a very lucrative one because, these days, everybody - small businesses, monolithic corporations, charities, and governments - needs effective financial management. If you major in Finance, you'll study things like commercial and investment banking, forecasting and budgeting, and asset and liability management. You'll learn more than you may ever want to know about money, stocks and bonds, and how markets function. You'll learn how to determine what fraction of a firm's assets (or your own assets) to put into different kinds of investment vehicles in order to obtain the highest return for a justifiable level of risk. When you graduate, all those baffling indexes at the back of the Wall Street Journal will make sense to you. Upon graduation, your career can take many paths (naturally), but most Finance majors find jobs in the finance departments of firms; with banks, mutual funds, and other kinds of financial institutions; or in government or some kind of charitable organization. Some schools offer specialized areas of concentration within the Finance major as well - in insurance and real estate for example. SKILLS The list below includes the skills required by workers in this occupation; skills are what allow you to learn more quickly and improve your performance. Mathematics :Using mathematics to solve problems. Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. Speaking: Talking to others to convey information effectively. SKILLS Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one. Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. Benefits Business studies offer several benefits, both to individuals and the business marketplace as a whole. These studies allow students to receive a higher quality of education in their chosen profession that will better prepare them for their careers. This, consequently, affects the business world positively. When these students obtain their degrees in their specialized areas of concentration, they will bring a higher quality of knowledge to the business world that will reflect in their contributions to their places of employment, thereby raising business standards. Best Business Jobs Market Research Analyst Financial Advisor Accountant Compliance Officer Bookkeeping, Accounting, & Audit Clerk Financial Manager Insurance Agent Management Analyst Marketing Manager Executive Assistant The nature of the work Nature of accounting: Most accountants work in a typical office setting. Some may be able to do part of their work at home. There are instances you will be required to work and travel to multiple locations to perform your jobs in the branches or other facilities of the business and organization. Nature of Human resources: Human resources managers work in offices, and most work full time. Some managers, especially those working for organizations that have offices nationwide, must travel to visit other branches as well as to attend professional meetings or to recruit employees The nature of the work Nature of Marketing Nature of Finance http://www.ehow.com/about_5091435_definitionbusiness-study.html http://www.businessdictionary.com/definition/busi ness.html http://education.yahoo.net/articles/best_majors_f or_business_careers.htm http://www.cba.pitt.edu/academics/majors.php http://www.worldwidelearn.com/onlineeducation-guide/business/business-major.htm http://money.usnews.com/careers/bestjobs/rankings/best-business-jobs