Business Management
As business becomes more complex, professionals are increasingly facing new challenges within their workplace environments. Firms rely increasingly on management analysts and consultants to help them remain competitive amidst these changes while these staff are required to analyse and propose ways to improve an organisation’s structure, efficiency, or profits.
In recent years, information technology and electronic commerce have provided new opportunities for management professionals. Companies depend on skilled people to maximise the competitive advantages available within this new electronic marketplace. While the areas of specialisations of these differ, in all cases professional analysts and consultants collect, review, and analyse information in order to make recommendations to managers.
After obtaining an assignment or contract, management analysts first define the nature and extent of the problem. During this phase, they analyse relevant data. This may include annual revenues, employment, or expenditures as well as interviewing managers and employees and observing operations. The analyst or consultant then develops solutions to the problem. While preparing their recommendations, they take into account the nature of the organisation, the relationship it has with others in the industry, and the internal organisational culture.
Once they have decided on a course of action, consultants report their findings and recommendations to the client. These suggestions usually are submitted in writing, but oral presentations regarding findings also are common. For some projects, management analysts are retained to help implement the suggestions they have made. Business professionals may be asked to manage contracts for a wide range of goods and services to ensure quality performance and to prevent cost overruns.
To equip people across a range of job roles with the knowledge and experience needed to meet the many demands made of them, Monash Professional has developed a range of short courses. These cover the areas of basic accounting, business planning, financial analysis, marketing, contract negotiation, creating Service Level Agreements (SLA’s), tendering and procurement, preparing feasibility studies, management, and resource management.
Business Management courses are grouped into: