A complete Guide of Writing an Essay About Business Management

Management plays a very important role in the economic life of every individual. Without management, you can’t achieve your personal and professional goals. In today’s blog, we are going to discuss how to write an essay about business management and what is the importance of business management.

The management of a business involves more than labor and supplies. In general terms, management of business includes managing the work of the whole organization to earn profit by maintaining good relations with different parties. In business management, an organization needs professional managers, accountants, line managers, and resources, etc. Therefore management is important for big organizations for their survival.

Every college follows a procedure to take admission of new students every year. Writing an essay is also a part of that admission process, along with the important documents. Many management Colleges have taken the test for students’ admission. When they take a management stream to study, they also have to write assignments, essays, etc. for example, an essay about financial planning, assignment on marketing, essay about business management, etc.

How to write an essay on the importance of business management?

Tons of students give the entrance exam for college admission, and an essay is also a part of it. While writing an essay for management colleges, you have to take care of the many things, like an outline, vocabulary, essay hook, and how to create an interest for the reader in the essay.

In this post, you will see the main ideas to write an admission essay for the colleges. Colleges can give any topic to write an essay. Some students do not write well because they have no idea how to write an essay.

Many times students fail in the exam because they have no proper knowledge of an essay about business management. So let’s understand the structure of writing it along with its basic concepts.

Create an Outline:

If you are writing an essay for college admission, then the topic may be assigned by the examiners. You just have to take care of the outline of your essay. Creating an outline is not a difficult task. If you want to get A+, then you have to craft an A+ worthy outline. With the help of the outline, you can write down your main ideas in the essay. Your research will look organized through the outline. 

What should be your Essay Outline: General

I. Introduction

a) Introduce your topic

b) Provide your thesis

II. Body. Paragraph-1

a) Compose a topic sentence 

b) Support this argument: data, facts, examples

c) Describe how they link via your thesis

III. Body. Paragraph-2

a) Compose another topic sentence (another argument for your thesis)

b) Support this argument: data, facts, examples

c) Explain how they relate to your thesis

IV. Body. Paragraph-3

a) Write a topic sentence 

b) Support this argument, or explain why the counterargument doesn’t work: data, facts, examples

c) Explain how they relate to your thesis

V. Conclusion

a) Conclude all main points

b) Redefine your thesis

c) Give a call to action

Give a Finishing touch:

After completing your conclusion, you might think you have completed your essay. But it is important to give a finishing touch to your essay. Just go through to your whole essay. Check all the main points in your essay. Review the instructions and thesis. Check the grammatical errors.

So while writing an essay about business management, you can follow the above framework.

Different concepts you can include in your essay about business management:

Business and Management both are the areas dedicated to analyzing, organizing, and planning different kinds of business procedures. And generally speaking, both are those fields that include a lot of ground!

                   Business + management= Business management

What is Business: 

Business means making money. Business grows with production, buying, and selling. Businesses can be small or large. Business can be grown by taking challenges, risks, or opportunities. Business Owners have taken responsibility in finance, debiting, accounting, investing, and other purposes. A business owner is also called an Entrepreneur. An entrepreneur is a person who takes risk, challenges for business.

What is management:

Management is the process of managing and controlling the organization’s affairs regardless of its origin, form, framework, and volume. It is an activity of establishing and sustaining a corporate atmosphere in which company leaders and its members can work together efficiently and effectively to achieve business goals. 

What is Business Management:

Business management is the process of managing, organizing, analyzing, and planning various types of business operations. Management means to achieve a goal or desired objectives. Business management is the term that manages the organization, planning, analyzing, and coordination of business activities. It includes also the production of material, money, marketing, and other business operations. 

Management activities you can include it in your essay about business management:

There are several types of Business management Activities that help you to achieve the goal of managing the business. Those activities involve

Accounting: 

Accounting is a systematic process of identifying, measuring, recording, Classifying, Summarizing, interpreting, Communicating financial information. It is called the language of business. Accounting divided into financial accounting, management accounting, external auditing, tax accounting, cost accounting, accounting information system.

The accounting process is very important for business because it keeps all the financial statements.

Commerce:

It is a term that refers to trade or exchange of goods and services. Commerce is a way that nations can import or export services with each other. 

In the economic sense, commerce is a component of trade, which refers to buying and selling. It includes Services 

  • Insurance: it is a claim of protection of goods.
  • Banking: it related to banking transaction like withdrawing, deposits   
  • Warehousing: Goods are kept in a safe place
  • Transportation: it is placed by the transportation of goods.

Finance:

It is the planning, raising, managing, controlling all the money used as a connection with a business. It is used for spending or investing money for the business. Finance has divided into three parts Corporate finance, personal finance, and Public finance. You can write an essay about business management by focusing on a finance topic on it.

Business Requires Finance for the following reason:

1 To start the business.

2. To buy fixed assets

3. To expand or grow business

Benefits of Adequate funds:

  1. Carry on business smoothly
  2. Adopt the latest technology easily
  3. Make use of the business opportunity
  4. Replace machinery and assets whenever necessary

Management Of the organization

Management is a process of getting things done to achieve goals “Effectively” and “Efficiently”.management means manage because It is necessary for all organizations. Many Student study management in colleges. You can choose one of the following course:

  • Management Degrees bachelor of Commerce(B.com) 
  • Business administration Bachelor degree
  • Master of business administration
  • Bachelor of Business Administration(BBA)
  • Master of business administration(MBA)
  • Master in management
  • Doctor of management

Conclusion:

Business can run by Accounting, commerce, Finance, Industrial relation, 

Management, marketing, manufacturing, marketing, research, and development. 

Hope you like this blog, if you have any problem in writing an essay about business management. So you can take our MBA essay writing service, Business essay help

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