What is the Importance of "Business Studies" For High School Students?

Importance of "business studies" for high school students always becomes a hot topic for discussion among students who wish to pursue higher studies. Joining a B-school has always been seen with high regards. Students of business schools are expected to have a kind of sophistication in them. After all, they are getting ready for the corporate world. No tackiness, no uncouthness. They are here to transform themselves into a completely professional being.

It is vital to discuss the importance of "business studies" for high school students. This is because the real world is different from that of theoretical. When you soak yourself purely with academics, you are more into a theoretical view of life and the world. But, B-schools cannot afford to have all theory and no practical. They have to make their students utilize their "bookish" knowledge in real life situations. Hence, you may find students subject to numerous case studies in their curriculum.

Swimming In Corporate Waters

The world of business is filled with tacts, tricks, and diplomacy. It is like swimming. As long as you remain above the swimming pool, you can never learn swimming. You need to plunge into the water to get the feel of this liquid against your body. You need to flap your hands and legs to prevent yourself from drowning. You get the "experience" and this is how you learn.

Business studies prepare students not just for their livelihood, but also for their life. The teachings imbibed through such B-schools help students in all aspects of their life and throughout. For example, when students learn about interpersonal skills, which are an important element of the corporate world, they can apply this knowledge in their personal relationships too. Thus, the learnings come to use not just to earn a fat pay, but also to expand your social circle.

The importance of "business studies" for high school students can be known from the fact that students do not simply learn subjects, but undergo a complete development of their personality by understanding them practically. Business studies are more than just mastering the art of doing business. They inculcate in you qualities like integrity, accountability, result-oriented outlook, business with social responsibility, meeting deadlines and working under pressure, keeping updated about the world around you, viewing people as your greatest resource, and doing everything with a dash of confidence and self-belief.

The importance of "business studies" for high school students can only be understood well by someone who has "been there and studied that the techniques".

The Importance of Business Studies As a Route to Success

Business studies as a line of study is growing in popularity every day. From the time when it was just a few who joined management school to pursue this line of study, business colleges are now becoming a favored destination for students.

What Does This Line of Study Teach?

As you go through the tenure of a course in business studies, you will be exposed to every aspect of the corporate world. The course will start with teaching you the main functions of a company. These include financial planning, marketing management and human resource development.

Financial planning will then introduce concepts such as cost cutting, taxation, internal auditing, financial planning and budgeting. The course will also teach you to deal with banks, financial institutions and other creditors as well as debtors and shareholders. It will teach you about inventory management as well as balance sheet management.

Marketing studies work at training students in all aspects of this very vast field. Starting with inventory management, moving on to dealer and channel management, distribution network development and management and advertising and promotion, this branch of business studies gets a student completely ready to step into the marketing division of a company.

Human resource development is another very important function of a company. From imparting basic knowledge of the documentation and statutory requirements of this key function, it also teaches students how to deal with different types of behavior displayed by individuals at the workplace. It often happens that an individual might behave in a completely different manner when he or she is part of a group as compared to his or her normal individual behavior. These studies teach students specializing in this line of management how to interpret behavioral patterns displayed by individuals in the organization in group situations and in crisis situations, as well as in the normal day-to-day workplace environment.

Why do we say that business studies are important to achieve success? This is because there is practically no other line of studies which has a curriculum with such an extensive all-around development agenda. Apart from knowledge, the course also imparts presentation skills and teaches students how to work on their personalities so that they can be effective in their interaction with their seniors, juniors and peers, as well as those with whom they come in contact during the normal course of their job. It is this focus on all-around development that makes business studies an important step in the path to success for any individual.

Introduction

Hello, this is a summary of IGCSE Business Studies, made by me, MrSpitfire to help you understand the concepts of Business Studies more easily. As a student, I would like to share with you my experience since I am studying this subject right now. I am not a professional so please feel free to add comments and suggestions on how I should improve.

This study guide is going to be about IGCSE Business Studies, Third Edition by Karen Borrington and Peter Stimpson. For more information, visit this page.

I hope you will enjoy this study guide and for me to be of help.

MrSpitfire