an essay about business management

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Business Management Essay

Table of contents

Executive summary, introduction, the role played by business management, basic roles of the business management process:, business management issues, local business management issues, issues in the sadc region, security issues, global issues, cyber attacks on u.s. companies, impact of recession on businesses, business management professional, the taxonomic approach, the neo-weberian approach, effective business management.

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• Decisional Roles: Carried out by the company’s directors, the decisional roles are required for decision-making purposes.
• Interpersonal: These roles are necessary to effectively coordinate and interact with the employees. Interpersonal roles are used to bridge the gap between the businesses’ senior managers and their employees; they are also used to create a sense of uniformity and a team environment.
• Administration: These roles are implemented to handle, analyze and share information that is important to the business.
• Conceptual: These skills are required to effectively evaluate complex situations.
• Interpersonal: A series of skills needed to boost motivation and communication among the senior managers and employees of a company. Interpersonal skills are a fundamental aspect of the business management process because they allow executives to mentor employees and delegate tasks (A GUIDE TO BUSINESS MANAGEMENT, n.d.).
• Increasing levels of corporate taxation would have negative impacts on business
• Increasing levels of individual taxation could reduce consumer demand for goods and services.
• Public sector procurement will decline with implications for businesses that have significant public sector customers (Lowth, Prowle, & Zhang, 2010).
• 10 Companies Affected by Cyber Attacks. (2019, May 6). Villanova University. Retrieved July 21, 2019, from https://www.villanovau.com/resources/iss/companies-affected-by-cyber-attacks/
• A GUIDE TO BUSINESS MANAGEMENT. (n.d.). Retrieved from https://business.laws.com/business-management
• Acheampong, D., & Tseane-Gumbi, D. (2016). Tourism in the SADC region and challenges facing the youth market: the Mozambican experiences. African Journal of Hospitality, Tourism and Leisure, 5(4). Retrieved July 16, 2019, from http://www.ajhtl.com/uploads/7/1/6/3/7163688/article 19 vol 5 4 .pdf
• Cunningham, N. (Ed.). (2014). Rethink Growth and Learning through Coaching and Organisational Development. Randburg, Randburg, Republic of South Africa: Knowles Publishing (Pty) Ltd. Retrieved July 16, 2019
• DeMers, J. (2016, January 11). The 10 Golden Rules of Effective Management. Retrieved July 16, 2019, from https://www.entrepreneur.com/article/254547
• Gordon, J. (2018). TOP 10 QUALITIES OF AN EXCELLENT MANAGER. Retrieved from https://www.projectsmart.co.uk/top-10-qualities-of-an-excellent-manager.php
• Harare, T. F. (2019, May 06). Botswana to host elephant summit. THE NEWSPAPER FOR SOUTHERN AFRICA. Retrieved July 16, 2019, from https://southerntimesafrica.com/site/news/botswana-to-host-elephant-summit
• How to Manage a Business Effectively (7 Key Elements). (n.d.). EDUCBA. Retrieved July 16, 2019, from https://www.educba.com/how-to-manage-a-business-effectively/
• Lagace, M. (2019, June 07). Are You a Digital Manager? Retrieved July 16, 2019, from https://hbswk.hbs.edu/item/how-to-be-a-manager-in-the-digital-digital-age
• Landry, A. O. (2018, April 30). 5 issues facing business management. Business Report. Retrieved July 16, 2019, from https://www.businessreport.com/business/5-issues-business-management
• Lowth, G., Prowle, M., & Zhang, M. (2010, September). The impact of economic recession on business strategy planning in UK companies. 6(9). Retrieved July 21, 2019, from https://www.cimaglobal.com/Documents/Thought_leadership_docs/Research%20Funding/R268%20Economic%20recession%20final%20V2.pdf
• Manny, P. (2019, June 18). Oil Execs Explore Solutions to Africa's Security Threats. (M. V. Veazey, Interviewer) Nigeria: Rigzone Staff. Retrieved July 14, 2019
• Saks, M. (2012, May 06). Defining a Profession: The Role of Knowledge and Expertise. PROFESSIONS & PROFESSIONALISM, 2(1), 1-10. Retrieved July 16, 2019, from http://urn.nb.no/URN:NBN:no-30970
• Strydom, J. W. (2007). Basics of Business Communication (First ed.). Pretoria, Gauteng, South Africa: Red Pepper Books. Retrieved July 16, 2019
• Tebele, M. (2019, July 5). Bots to enact laws to root out corruption, and woo investors. Gaborone, Botswana: Southern Times. Retrieved from https://southerntimesafrica.com/site/news/bots-to-enact-law-to-root-out-corruption-woo-investors
• The Role of Management. (n.d.). Rice University. Retrieved July 16, 2019, from opentextbc.ca/businessopenstax/chapter/the-role-of-management/

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Essay on Management: Top 9 Essays

Here is a compilation of essays on ‘Management’ for class 9, 10, 11 and 12. Find paragraph, long and short essays on ‘Management’ especially written for school and college students.

Essay on Management

Essay Contents:

• Essay on the Importance of Management

1. Essay on the Introduction to Management :

Management is a vital aspect of the economic life of man, which is an organised group activity. It is considered as the indispensable institution in the modern social organisation marked by scientific thought and technological innovations. One or the other form of management is essential wherever human efforts are to be undertaken collectively to satisfy wants through some productive activity, occupation or profession.

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It is management that regulates man’s productive activities through co-ordinated use of material resources. Without the leadership provided by management, “the resources of production remain resources and never become production”.

In the words of Drucker manager is the life-giving dynamic element in every business. Productive resources-men, money, materials-are entrusted to the organising skill, administrative ability and enterprising initiative of the management.

Modern business is the complex scene of forces of change constantly at work. The size, strategy, structure, motivation of modern enterprises underline the need of creative touch in successfully piloting their affairs. New products, new methods and techniques appear day-after-day to cater to the ever-changing trends of consumers’ tastes and needs. The ceaseless competitive drive to capture markets necessitates intellectual handling of refined requirements of consumers.

Management today is not just an exercise of blind authority or bossism but it implies scientific thinking, accurate planning and meticulous control to ensure quick and better results. Management has become a profession in view of the modern business becoming more sophisticated.

As ownership gets divorced from management, specialisation in business operations becomes more marked. Proprietors, shareholders and even their directors remain comparatively in the background and experts specialising in delicate and intricate matters of industrial techniques play increasingly positive and prominent role in running the business. Professional experts like engineer, scientist, market surveyor, trained executive, researcher, technician, occupy important place in running the affairs of an enterprise today.

Management now a days, therefore, consists of cadre of experts who performs a profitable job to build-up the competitive strength of the firm and they strive to “develop and expand the assets and profits” of the proprietors. According to Drucker, “Management, which is the organ of society specially charged with making resources productive, that is, with the responsibility for organised economic advance, therefore, reflects the basic spirit of the modern age.”

2. Essay on the Meaning and Definition of Management:

It is not an easy job to give the exact meaning of management.

Different writers have used the term “Management” in different senses, which will be clear from the following discussion:

Management as a Process :

In the words of George R. Terry, “Management is a distinct process consisting of planning, organising actuating and controlling performed to determine and accomplish objectives by the use of human beings and other resources.” The elements of management are: planning, organising, actuating (directing) and controlling.

These are also called the functions of management. It is through the performance of these functions that management is able to effectively utilise manpower and physical resources such as capital, machines, material, etc. to produce goods and services required by the society.

This has been shown in Fig. 1:

Henri Fayol has defined management as a process consisting of five functions: “To manage is to forecast and plan, to organise, to command, to coordinate and to control.”

However, modern authors do not view coordination as a separate function of management. They consider it as the essence of managing. Koontz and O’Donnell have classified the functions of management as follows: planning, organising, staffing, directing and controlling. These functions are inter-dependent and interrelated. There is no fixed sequence of their performance. They are performed more or less simultaneously.

Management is regarded a process because it involves a series of functions as shown in:

It starts with planning and ends with controlling. But it does not mean that managerial functions are followed in a specific sequence. A manager performs all the managerial functions simultaneously. Moreover, Management is a never-ending process.

There are three features of management as a process:

(i) Management is a social process as it deals with human beings.

(ii) Management is an integrating process as it organises human resources for the efficient use of other resources like capital, materials, technology, machines, etc.

(iii) Management is a continuous process. It is always involved in identifying the organisation problems and solving them.

“Management is the technique of getting things done.”

“Management is the art of getting things done.”

Marry Parker Follet defined management as “an art of getting things done through others”. This is a traditional definition of management. It emphasises that management directs the workers for getting results from them and supervises their performance. The workers are treated merely as a factor of production like materials, machines and capital.

This definition is insufficient in the modern world because of the following reasons:

(i) The above definition is incomplete because workers are treated as a mere means to organisational goals.

(ii) The management tries to manipulate the behaviour of the workers.

(iii) The needs and aspirations of the workers are not considered.

People are not mere cogs in the wheel and so they should not be treated as commodity or mere means to certain ends. Needs and aspirations of the people working in an organisation should not be overlooked. They must be satisfied so as to obtain sustained and consistent effort towards organisational objectives.

Management may be defined as a technique of getting things done through others by satisfying their needs and providing them opportunity for growth and development. According to Harold Koontz, “Management is the art of getting things done through and with people in formally organised groups. It is the art of creating environment in which people can perform as individuals and yet cooperate towards attainment of group goals.”

In order to accomplish results, management must create opportunities, and encourage growth and development of employees and provide guidance and assistance, wherever necessary. All this demands skillful application of the basic principles of the science of management. Managers must have conceptual, technical and social skills in translating the abstract organisational philosophy into concrete action.

Management is the dynamic life-giving element in every organisation. It is the activating element that gets things done through people. It provides the force necessary to transform the resources of a business organisation into desired goods and services. The primary job of management is to convert the disorganised resources of men, machines and materials into a productive organisation.

Management as a Group :

In the words of sociologists, management is a group or a class who together carry out various managerial activities.” Thus, management refers to the group of people in an enterprise who are carrying out management functions.

In other words, all individuals occupying managerial positions are collectively known as management. A manager is a person who performs the managerial functions of planning, organising, staffing, directing and controlling.

Since a manager performs the managerial functions, he is a member of the management of the organisation. Used in this sense, management includes all those who manage the affairs of an organisation. But in practice, the term ‘management’ is used to indicate the top management consisting of chairman, managing director or chief executive and Board of Directors.

Management as a Discipline :

As a discipline, management refers to the body of knowledge and a separate field of study. Management is an organised body of knowledge which can be learnt through instructions and teaching. It entails the principles, practices, techniques and skills of management which help in achieving organisational objectives. This discipline is taught widely in schools and colleges in most of the countries of the world.

Management has acquired the status of a discipline because of the following two reasons:

(i) A lot of research is being carried out by the scholars in the field of management. The results of research will be useful for future managers.

(ii) It is a specialised body of knowledge, which is studied and practised in management institutions.

Management as an Activity :

Management is an activity concerned with getting things done through people and directing the efforts of individuals towards a common objective. In the words of Harold Koontz, “Management is the art of getting things done through and with people in formally organised groups.”

Management gets results from the people by satisfying their needs, and expectations, and providing them opportunity for their personal growth. Management is a distinct activity in any organisation which is necessary for the achievement of its objectives.

According to another functional classification management activities are classified as:

Classification of Management Activities

1. Informational Activities:

Management has to act as a communicative link between subordinates and superiors. On one hand management receives, requests explanations, statements and suggestions from their subordinates and on the other hand it also receives orders and instructions from superiors. In their informational role as managers the requisite information is passed on to both subordinates and superiors.

2. Decisional Activities:

Management being both administrative and executory has to take routine and strategic decisions regarding various operational activities so that the organisation work is executed smoothly. In their decisional role as managers, management can also be termed as innovators, resource allocators, negotiators and crisis managers.

3. Inter personal Activities:

Management being a team work and group activity requires cooperation, coordination and harmonious relationship between individuals and departments. In order to integrate and charrelise best efforts of individuals to attain predetermined objectives of the enterprise, managers in their interpersonal role act as a figure head of the enterprise, as a leader and as a liason.

Other Definitions of Management:

Various writers have given various definitions of the management.

The following are some of the important definition:

According to E.F.L. Brech, “Management is the process of planning and regulating the activities of an enterprise.”

According to Lawrence A. Appley, “Management is the development of people and not the direction of things management is personnel administration.”

According to Koontz and O’Donnell, “It is the task of manager to establish and maintain an internal environment in which people working together in groups can perform effectively and efficiently towards the attainment of group goals.”

According to Kimball and Kimball, “Management embraces all duties and functions that pertain to the initiation of an enterprise, its financing, the establishment of all major policies, the provision of all necessary equipment, the outlining of the general form of organisation under which the enterprise is to operate and the selection of the principal officers. The group of officials in primary control of an enterprise is referred to as “the management.”

According to William Spriegel, “Management is that function of an enterprise, which concerns itself with the direction and control of the various activities to attain the business objectives.”

According to Keith and Gubellini, “Management is the force that integrates men and physical plant into an effective operating unit.”

According to S. George, “Management consists of getting things done through others. Manager is one who accomplishes the objectives by directing the efforts of others.”

According to Newman, Summer, Warren, “The job of management is to make cooperative endeavour to function properly. A manager is one who gets things done by working with people and other resources in order to reach an objective.”

3. Essay on the Characteristics of Management:

The main characteristics of management are as follows:

(i) It is Goal-Oriented:

The important goal of all management activities to achieve the objectives of a business concern. The objectives of the business may be economic, social and humane.

(ii) It is a Process:

When it is used in the sense of a process, it refers to what management does. In other words, it refers to the process of managing, planning, organising, staffing, guiding, directing supervising and controlling.

(iii) It is a Group Activity:

For the success of a business, it is necessary that all human and physical resources are co-ordinated to achieve the maximum levels of productivity. We all know that the combined productivity of various resources will always be higher than the total productivity of each resources.

(iv) Management is Universal:

It is required in all types of organisations, e.g., family, club, university, government, army, business. The basic principles of management are applicable in business as well as in other organisations. However, these principles are flexible and they can be modified to suit different situations.

(v) It is an Art and Science:

It consists of both the elements of science and art. The science of management gives a body of principles or laws for guidance in the solution of specific management problems and objective evaluation of results. The management as an art consists of this use of skill and effort for producing desirable results or situations in specific cases.

(vi) It is a Factor of Production:

Not only the land, labour and capital are of effective use for the production of goods and services but the managerial skills are also used effectively for this purpose.

(vii) Management is Dynamic:

Management denotes is an ever-changing environment, It involves adoption of an organisation to changes in its environment, and modifying the environment for the benefit of the organisation. Therefore, management is a constantly growing process.

(viii) Management is a Profession:

Management is considered to be a profession as it possesses all the attributes of profession as:

(i) A systematic corpus of knowledge,

(ii) A period of apprenticeship, and

(iii) A code of conduct.

(ix) Management is an Important Organ of Society:

Management has become an important organ of society. Management of large scale undertakings influence the economic, social, moral, religious, political and institutional behaviour of the members of the society.

(x) It is a System of Authority:

In every organised group supreme authority must rest somewhere. There should be a clear line of authority from the supreme authority to every individual in the group.

4. Essay on the Nature of Management:

A study of literature of management often gives rise to a question as to whether management is a science or an art. The brief discussion which follows leads us to the conclusion that it is both a science and an art.

Management as a Science :

Science is by definition a body of knowledge gathered by experimentation and observation, artificially tested and expressed in the form of general principles.

Following are the essential features of science:-

1. Systematised Body of Knowledge:

Science being ‘systematic’ is based on cause and effect relationship. It consists of theories and principles which have the capacity to give reasons for past happenings and at the same time, can be used to predict the result of specification in future.

2. Scientific Methods being used:

Personal opinions and individual likes and dislikes don’t influence scientific principles. They are obtained through scientific investigation and reasoning. They are critically tested and can be scientifically proved at any time.

3. Principles based on Experiments:

Observation and testing the validity and truth through experimentation makes a statement, a principle.

4. Universally applicable:

Scientific princAples may be applied in all situations and at all times, exceptions though may be logically explained. These principles, under required given conditions never fail at any place or point of time.

The debate about whether or not managing is a science continues. The answer to this question depends largely on the degree to which the scientific method is used to determine managing principles and solve managing problems.

Management satisfies many of the scientific principles, for e.g.:

1. Management is a systematised body of knowledge. Its principles explaining cause and effect relationship between various variables, e.g., Principle of Unity of Command if not followed leads to inefficiency, confusion and duplication of work.

2. Management principles are evolved on the basis of observation and repeated experimentation. For instance, it is being observed through experiments that if stability in tenure of an employee is not there, his working efficiency decreases.

But, at the same time, there exists many scientific features which do not coincide with those of management.

Briefly, the method of science consists of the following steps:

1. Facts or data are collected in an objective manner.

2. These facts are classified in some way, usually on the basis of similarities or dissimilarities, in an attempt to make the data more meaningful.

3. From the classifications, hypotheses are formulated establishing cause and effect relationships between various given factors.

4. The hypotheses are then tested to determine their reliability and validity.

5. After the hypotheses are verified and if they stand the test of time, they then have interpretive or predictive value when applied to similar phenomena.

In referring to the hope of dream that a true science of management may someday be achieved. Professor Mee states, “This hope probably will be realized in another chapter in another book in another century.” Perhaps the best that can be said is that a science of management is just beginning to emerge.

It has often been stated that even when management attempts to use the method of science (from which managing principles are also derived), management is neither as precise nor as comprehensive as the natural and social sciences.

There are several reasons why this is true:

1. The rational approach and the application of the method of science are relatively new in business and industry. As a result, managing has not developed the comprehensiveness found in other disciplines that have used the scientific approach for a much longer time.

In fact, one of the more significant developments in the last seventy-five years in the field of management has been the tendency toward using the rational approach in solving management problems.

2. Relatively few managers are trained or experienced in using the method of science. Those who are trained may find it too time-consuming and, because of this as well as other limiting factors, seek other ways to reach decisions and to solve problems.

3. Precision measuring instruments and tools are not always available in management. A manager is forced to use relative measurement where absolute measurement is not possible or feasible. To evaluate the performance of a group of supervisors, for example, he may have to use a relative measuring device such as a carefully prepared rating scale. For his purposes, however, the relative measuring technique is just as useful and effective.

4. In the physical sciences, the researcher works with a single variable, holding all other factors constant. Managers can seldom do this. They almost always deal with people, the human element with all its weaknesses. The human element can never be treated as a constant; hence precision is less than in the physical sciences, though equal to that of the social sciences. Businessmen are always dealing with the unpredictable: people, governments and nature.

5. Most importantly, managerial decision-making, unlike problem solving in the sciences, stresses action rather than truth. A manager’s decisions must have practical application. Managers strive for reasonable results under uncertain conditions rather than for perfection. A method, technique, or device only has to be “good enough” to get the job done.

Management as an Art :

Art refers to the skill to put into action a systematized body of knowledge for the achievement of a given task. To get mastery in any skill it is necessary to have the thorough knowledge of the principles of doing the particular task. At the same time it is necessary to possess the tact, the care to be taken, the discretion and proper judgement in applying the principles involved.

Presence of mind, promptness to react to the given situation and correct response demanded by the prevailing condition are all essential to perform skillfully the task undertaken.

Experiences and judgement add to this skill. Management is also an art as it is necessary to apply the principles of management in planning, organising, staffing, directing and controlling the whole series of activities all through the managerial process.

Throughout the stages of the process of decision-making and execution of these decisions all the individuals occupying various positions at different levels of management need all the skills involved.

Briefly, these skills are called the planning skills, the organising skills, the staffing skills, the directing skills (how to motivate, to communicate, and to lead) and the controlling skills. Sometimes it is said that a good manager is born and not made. But it has been now established and accepted that it is through learning and training process that skilled managers are developed.

As Koontz and O’Donnell have rightly pointed out the work of managing a business or any group activity is an art. But for this the organised body of knowledge is required. It is certainly a science. Thus art and science are not exclusive terms but complementary ones.

Management as an art has the following features:

(a) Personal Skill:

Human beings apart, there are other factors which vary in their effect and role in the achievement of the managerial tasks. Managers have to apply their skill to deal with them.

(b) Practical Knowledge:

Business enterprises involve risks. Only those who have experience can deal effectively with such risks.

(c) Result Oriented Approach:

Management as an process aims at achieving concrete goals. It aims at utilising available resources optimally by creating a congenial atmosphere.

(d) Personal Judgement:

No doubt there are useful principles of management, but it needs individual judgement to apply them properly and at appropriate time. It means art is necessary.

(e) Continuous Practice:

The art of management is much older than the science of management which as an organised body of knowledge is hardly about ninety to hundred years old.

Management: Both Science and Art :

Management is a combination of an organised body of knowledge and skillful application of this knowledge. According to Brech, “A systematic body of knowledge underlies the competent practice of management”.

Much of this knowledge are to be found in various academic disciplines. Competent performance of various management functions necessarily needs an adequate basis of knowledge and a mature scientific approach.

Thus management is both a science and an art. It is a science because it uses certain principles. It is an art because it requires continuous practice to ensure the best possible result. Thus science and art in management are not mutually exclusive. Both of them exist together in every function of management.

Management as a Profession:

Profession is defined as a composite of intellectual and executive qualities applied to carry out successfully the specified activities for the benefit of others. It is an intellectual field. One enters into it to work without any expectation of a direct share in the profits earned out of the activities to carry out which one might be contributing his specialist knowledge or intellect.

According to George, “Profession is that which has a well-defined body of knowledge, which is learned, intellectual and organised, to which entry is restricted by examination, or education and which is primarily concerned with service to others above self-award.”

Features of Profession:

The above statement makes the following features of profession clear:

1. Existence of a body of knowledge, techniques, skills and specialised knowledge.

2. Formalised methods of acquired training and experience.

3. The establishment of a representative organisation with professionlisation as its goal.

4. The formation of an ethical code for the guidance of its conduct.

5. The charging of fees based on the nature of service extended.

In the light of what has been said above management can be said to be a profession.

The arguments in favour of this statement are given below:

1. Body of knowledge:

All over the world there is marked growth of an organised systematic body of knowledge about management as a process.

2. Formal methods of teaching:

The establishment of professional schools of management in which management as a body of knowledge can be taught is seen everywhere. India is no exception to it as is clear from the establishment of Indian Institutes of Management at Ahmedabad, Calcutta, Bangalore, Lucknow and Post­graduate Departments of Management as well as Institutes/Colleges of Management being established in different parts of the country.

3. Fee as remuneration:

The number of management consultants is increasing Even a large number of well reputed firms are establishing their consultancy agencies.

4. Existence of ethical code:

There is growing emphasis on the ethical basis of management behaviour.

5. Establishment of representative organizations:

Both at the national and international levels management associations have been formed with their membership rules, codes of conduct, etc. All India Management Association, New Delhi.

National Institute of Personnel Management, Calcutta, Institute of Marketing and Management, Institute of Chartered Accountants of India, New Delhi, Institute of Costs and Works Accountants of India, Calcutta are the well established associations in India. And many more organisations in the specialised fields/ branches of management are being organised.

Management as Profession: A Controversy :

However, there is no agreement on this point. Questions are asked: Is management a profession? Is it becoming a profession? As it is well known, a large number of business units are operating as sole traders and single entrepreneurship enterprises. By definition and in practice they are managed by proprietor-managers. So is the case with partnership firms and joint Hindu family firms.

But company form of business enterprises in India and corporate organisations in USA and other countries are even by definition the enterprises in which ownership is divorced from management. Even then question remains if all of them are managed by professional managers. As things stand, under law it is the shareholders who elect the Board of Directors from amongst themselves.

Thus the topmost group at the top level management of a company or corporate body are not professional managers. But all the big companies operating on large scale do appoint executives and managers on salary-cum-perks basis. Thus they are the professional managers.

In large companies even the Vice Presidents of marketing, finance, etc. who are on the Board of Directors are the professional managers. So are all those working at the middle level and lower level of management. In case of public undertakings management is in effect with the professional managers. Exceptions to it are Departmental Undertakings such as Railways. Posts & Telegraphs etc. which are controlled by the various departments of the Government.

But there also other than the Minister-in-charge all those looking after the management are professionals. A new trend is becoming more and more marked. Proprietary managers are becoming more interested in acquiring the latest knowledge and technique of management. They are sending their own sons, daughters and other close relatives abroad to acquire degrees and diplomas in management.

Others are joining short- term courses in management run by organisations like Administrative Staff College, Hyderabad. All India Management Association etc. Such persons are now occupying positions at the topmost layers of the managerial hierarchy.

Are these persons to be regarded as proprietary managers or professional managers ? No doubt all the features of profession are not applicable to them. But they do possess other features.

In conclusion, it may be said that all the requirements of profession are not satisfied by managers at the top. But management is, by and large, becoming professionalised, it is more so in the developed nations. But even in India large number of managerial cadres are getting professionalised.

This is applicable to both the public and private sectors. Even the case of smaller enterprises, which are run by proprietary managers, assistance of professionals such as chartered accountants, cost accountants and lawyers are being utilised to a great extent.

5. Essay on the Objectives of Management:

Objectives can be divided into three categories: Individual, Social and Organisational. Recognising the three categories and reacting appropriately to each is a challenge for all modern managers.

(I) Individual Objectives :

Individual objectives are the personal goals each organisation member would like to reach through activity within the organisation. These objectives might include high salary, personal growth and development, peer recognition, and societal recognition.

(II) Social Objectives :

Social objectives deal with the goals of an organisation toward society. Included are obligations to abide by requirements established by the community, such as those pertaining to health, safety, labour practices and price regulation.

Further, they include goals intended to further social and physical improvement of the community and to contribute to desirable civic activities.

It should be noted that most business houses in achieving their primary goals also contribute to their respective communities by creating needed economic wealth, employment and financial support to the community.

(III) Organisational Objectives:

Drucker indicates that the very survival of management may be endangered if managers emphasize only a profit objective. This single-objective emphasis encourages managers to take action that will make money today with little regard for how a profit will be made tomorrow.

In practice, managers should strive to develop and attain variety of objectives in all management areas where activity is critical to the operation and success of the system. Following are the eight key areas in which Drucker advises managers to set management objectives.

1. Market Standing:

Management should set objectives indicating where it would like to b£ in relation to its competitors.

2. Innovation:

Management should set objectives outlining its commitment to the development of new methods of operation.

3. Productivity:

Management should set objectives outlining the target levels of production.

4. Physical and Financial Resources:

Management should set objectives with regard to the use, acquisition and maintenance of capital and monetary resources.

5. Profitability:

Management should set objectives that specify the profit the company would like to generate.

6. Management Performance and Development:

Management should set objectives that specify rates and levels of managerial productivity and growth.

7. Worker Performance and Attitude:

Management should set objectives that specify rates of worker productivity as well as the attitudes workers possess.

8. Public Responsibility:

Management should set objectives that indicate the company’s responsibilities to its customers and society and the extent to which the company intends to live up to those responsibilities.

6. Essay on the Levels of Management:

More of the authors have conceived of three levels of management in any fairly-sized business undertaking.

These are as follows:

1. Top Level Management

2. Middle Level Management

3. Lower level Management

Management is considered as a Three-tier activity. The top tier centres round the determination .of objectives and policies, the middle tier concerned with implementation of policies through the assistance of lower tier of the organisation.

The various tasks in a business enterprise “become structured somewhat like a pyramid, with the highest level of management centred at its apex”.

The managerial set-up of any undertaking, therefore consists of three levels – Top Management, Middle Management and Operating Management or Lower Level Management.

The following chart illustrates Levels of Management in a company form of enterprise of fairly large size:

This gradation of level of management is not a watertight arrangement but represents a hierarchy of authority and responsibility designed to secure a systematic sequence of operations. Each level is blended into another through its functions and all the layers of authority constitute an integrated arrangement.

The demarcation of the levels is only to analyse the range of responsibility and span of control and it underlines the principle of specialisation in administrative executive processes.

A. Top Level Management:

Top level management is made up of Board of Directors, its Chairman, Managing Director or General Manager and other key officers responsible for smooth and systematic conduct of the affairs of the enterprise.

The top level management is a concept of functions concerning the manner in which the enterprise should be shaped.

In view of large size of modern companies, the key functions cannot be performed by a single person, and hence a compact group of elected office-bearers, experts and executives form the top management level of enterprises these days. Board of Directors is assisted by Managing Director, General Manger etc. in directing the company’s operations.

Top level management’s work is a creative process and it also involves commitments of high order of responsibility. As Allen observes “top-management work is a work which must be performed at the apex of the organisational pyramid because it cannot be carried out effectively at lower levels.”

Top management is also described “as the policy-making group responsible for the overall direction and success of all company activities.” It is a chief custodian of the property of the enterprise. It is the main mobiliser of resources in men and materials essential for the inception, maintenance, operations and expansion of the undertaking.

It is more basically a panel of planning the company’s operations and in due course shall develop into an evaluating and controlling medium for securing the maximum possible performance. It is concerned with the problems and policies of the entire enterprise.

The functions of top management include:

“Identifying key factors for the survival and growth of the company and devising basic objectives, policies and programmes for dealing with these factors: being sensitive to the inter-dependence of the numerous actions and maintaining a strategic balance in these actions; and keeping an eye on how current activities of the company will cutting with predicted changes-social, political, technological and competitive-and adopting company plans to the anticipated environment.”

Functions of the Managers at the Top Level Management :

The fundamental functions of mangers of the top management may be classified into the following categories:

(1) Determining the objectives.

(2) Framing the policies and making plans to carry out the objectives and policies.

(3) Setting up an organisational framework to conduct the operations as per plans.

(4) Assembling the resources needed to put the plans into operation.

(5) Controlling the operations through organisation.

1. Determining the Objectives :

Objectives are goals which every enterprise seeks to achieve. Most of the companies describe in detail the nature of their activities in the objects clause of their Memoranda of Association. But by and large the general objectives which top management should aim at are survival, profit, business growth, prestige or status and social acceptance.

Production of particular product of specific quality, satisfaction of customer’s needs, earning of profit by production and sales, looking out for expansion and diversification of business, building up an image or reputation of the company in the eyes or estimation of the society are the broad objectives set up by top management.

Objectives also may be specific. They relate to types of activities. Specialty in workmanship, competitive pricing, marketing method, widening the area of sales abroad, relations with the workers, customers, public, government, etc.

2. Framing of Policies :

The objectives are realised through policies framed by the management. Policies signify the decisions taken by the management on different strategic aspects of company’s operations or activities.

Production policy indicates the schedules of production to meet the market demand.

Product policy lays down the standards, specifications, size, design, colour shapes etc. of the product.

Marketing policy describes the channels of selling the product (direct sale or dealership, agency etc.), advertising and sales promotions techniques to be adopted, the sales targets to be attained etc.

Pricing policy emphasises the quality aspect of the product as well as the comparative competitive nature of the rates quoted, discounts allowed etc.

Personnel policy deals with recruitment, placement, training, remuneration, promotion, rewarding and regulating the productivity of the personnel.

Financial policy is concerned with procuring funds required for investment in fixed assets or required to be held over for working capital needs, sources of finance, e.g., borrowing, self-financing, issuing additional capital etc.

Top management has also to devise plans and schemes for precise execution of policies within a given time. Plans set out the course along which operations in different departments are to be conducted as per the criteria laid down in the respective policies.

production schedule, sales campaign, financial arrangements, personnel motivation have to be drawn as to focus and guide the activities of the company in the direction of the realisation of the basic objectives.

3. Organising:

Organisation means division of functions, allocation of duties to the personnel, fixation of range of their responsibility and the scope of their authority and co­ordination of the activities of the departments of the undertaking. Standardisation of administrative procedures is the main task of organising the enterprise.

Systems and procedures are the methods intended to govern the departmental activities of a company. Organisation ensures smooth flow of work from one stage to another, or from one department to another, so that the whole undertaking is enabled to achieve the targets to the benefit of the company and satisfaction of customers.

4. Assembling the Resources:

Prior to the launching of the plans, the resources of money, men and materials have to be assembled. Executives and operatives are appointed after careful selection on the basis of their merits and the nature of jobs to be handled.

Money capital has to be raised through issue of shares, debentures, etc. and arrangement for working capital has to be made through reserves, bank advance etc.

Then the physical resources-machinery, tools, furniture, buildings, water supply, power, other ancillary equipment-have to be collected as per estimated needs. The management has to find out the sources of finance for implementing the plans and programmes.

5. Controlling :

Top level management does not directly execute work. But the Chief Executive in the top management has the responsibility of exercising supervision over all the departments to make sure that the middle and lower managements are functioning as per the plans.

By controlling we mean instituting checks or comparisons of actual results with the planned targets. It implies evaluation or measurement of the work turned out in each section or department with reference to the goals envisaged in the basic plans and policies of the company.

The top level management lays down the standards of performance for the purpose of comparison of the actual results with the planned performance. Standard cost per unit, sales quotas, net profit per unit of sales are some of the reliable criteria for comparison.

Top level management finds out to what extent the performance has been upto the mark and identifies in the course the sources of strength and weakness in the different phases of organisation and operations.

Top level management has to act as coordinator and regulator of the activities of the undertaking in its different dimensions. It will call for reports, statistical data, special studies, accounting records to know the position of performance and to apply regulatory checks wherever and whenever necessary.

B. Middle Level Management:

Middle level management is concerned with the task of implementing the policies and plans chalked out by the top management. Middle management comprises departmental heads and other executive officers attached to different departments.

These departmental managers and officers are expected to take concrete steps for actual realisation of the objectives and operational results visualised in the plans finalised by the top officers of the organisation. “This group is responsible for the execution and interpretation of policies throughout the organisation and for the successful operation of assigned division or departments.”

Managers at the middle level management level exercise the usual functions of management in respect of their own departments. They have to plan the operations, issue instructions to their assistants, collect the resources required and control the work of the men under them and evaluate the results achieved by their department with reference to the plans formulated by the top management.

If the top management is endowed with the authority of policy-making, middle management is entrusted with the programming of efforts essential for implementing the basic pre-determined policies.

Functions of Managers at the Middle Level Management :

The functions of the managers at the middle level management can be broadly summarised as follows:

(i) Interpretation of policies framed by top level management.

(ii) Preparing the organisational set-up in their departments for fulfilling the objective implied in various business policies.

(iii) Finding out the suitable personnel and assigning duties and responsibilities to them for the execution of the plans of the concerned departments.

(iv) Compiling detailed instructions regarding operations and issuing them to the assistants and operatives to focus and guide their efforts accordingly.

(v) Motivating the personnel for higher productivity and rewarding them for their merit, capacity or calibre.

(vi) Cooperating with other departments so as to evolve a smoothly functioning organisation.

(vii) Collecting reports, statistical information and other records about the work turned out in respective departments and forwarding the same with their observations to the top level management.

(viii) Recommending to the top management, new or revised policies for their departments to secure better performance.

Middle level management managers are responsible for all the leading functions within each department. They provide “the guidance and the structure for a purposeful enterprise”.

The top management’s plans and ambitious expectations cannot be fruitfully realised without the key officers at the middle level management.

Managerial Structure at the Middle Level Management :

Generally the following functions at the middle level management are performed through the various departments under the departmental managers or heads.

1. Production department headed by works manager is concerned with the following functions:

(i) To collect the work orders and issue them to concerned sections.

(ii) To guide the foremen, and prescribe methods and process to be followed in execution of the work allotted.

(iii) To devise a system of inspection of factory functioning, the components, semi-finished and finished products.

(iv) Assembling the tools, equipment, plant, qualified personnel etc. to execute the production’s plan.

(v) Controlling the factory expenses.

2. Engineering Department headed by chief engineer has to perform the following functions:

(i) Production-planning, routing, scheduling.

(ii) Plant layout suited to the execution of production plans.

(iii) Designing the products, their specifications, standards, quality, workmanship etc.

(iv) Research in methodology of production for improving technical efficiency.

(v) Plant and tools maintenance and development of the full capacity of production.

(vi) Economy in production costs and resource consumption.

3. Personnel Department:

It is headed by the chief personnel officer, labour officer. He has to devise selection procedure and training schemes: he has to maintain service records of the staff and formulate methods of remuneration in conformity with the productivity and cost of living. He has to assure wholesome working conditions to the personnel and look after their social and economic security and welfare.

4. Stores Department headed by stores manager is concerned with systematic organisation of purchasing raw materials, stores articles, tools, equipment, spare parts, etc. and proper custody of the materials with the responsibility of issuing them to the requisitioning departments.

He has to sort and arrange neatly the stockpile of materials etc. and keep an up to date record of materials, stores, tools, etc. received, issued, consumed, balance held in stock, etc.

5. Office Manager is in-charge of secretarial work of correspondence, filing, indexing, use of office appliances, maintenance of records and reports pertaining to the different departments.

6. Accounts Department:

The chief Accountant is responsible for maintaining up-to-date accounts of financial transactions and recording sales, purchases, receipts and payments.

He is also required to compile periodically the Trading Account, Profit and Loss Account and Balance sheet of the firm.

He should ensure that monthly financial statements indicating the position of the firm are placed before the Board and other top management officials.

7. Costing Department:

In bigger enterprises a separate department for costing is constituted and cost accountant is appointed to administer the functions of the section.

Costing department is entrusted with the main functions of ascertaining the prime and supplementary costs and submission of cost-sheets to the top level management for appraisal.

Costing department keeps detailed records of costs of completed jobs in progress, costs of materials, labour, factory overhead costs and sales on cost. It helps the management to find out the disparity between estimated costs and actual costs and the reason thereof so that remedial measures can be adopted.

8. Sales Department:

This section is the life-blood of the enterprise because the sales are the barometer of business profits and reputations of the firm. The work of the department is to create demand for the goods for promoting maximum possible sales at quick pace in wider markets.

The vital functions of the department are as follows:

(i) Market research to find out the needs, tastes and buying habits of the consumers.

(ii) Looking out for new markets for the goods.

(iii) Organising advertisement campaigns and other sales promotion activities for creating, maintaining and expanding the demand.

(iv) Collecting orders from the customers through agents, dealers or salesmen.

(v) Executing the orders by timely despatch of goods.

(vi) Supervision of salesmen’s efforts, training and stimulation of salesmen.

(vii) Organising after-sale service and similar sales promotion efforts.

(viii) Looking after proper warehousing, packing and despatch of goods.

(ix) Attending to customers’ complaints and suggestions.

C. Lower Level Management (Operating Management) :

It is described as the lowest level in the administrative framework and actual operations are the responsibility of the rank and file constituting this level of management.

Foremen, supervisors and sub-departmental executives assisted by a number of workers, clerks etc. carry out the actual operations as per schedule. Their authority and responsibility is limited and they have to follow the lines drawn by the higher levels of management.

The plans and policies of the top level management will fail if the foremen and operatives do not fully realise the spirit of sustained work. The quality of the workmanship and quantity of output will depend on the hard labour, discipline and loyalty of the operating personnel. The foremen or supervisors are responsible for executing the work orders allotted to their respective sections.

They pass on the instructions of middle level management to the working force, procure the materials, tools etc. required for the jobs, assign specific duties to individual workmen and guide them in acting upon the instructions and handling the job on hand with ability and accuracy.

They seek to maintain precise standards of quality, prevent wastage of materials by negligent workmen, look to the safety of machines and equipment and ensure steady flow of output as per plans and programmes prescribed by the top level and middle level managements.

They are also responsible for maintaining discipline among the respective batches of workers, preserving and boosting their morale and fostering the team spirit in them.

7. Essay on Theo Haimann’s Three Notions about Management:

According to Theo Haimann management is used in three different senses:

(i) It is used as a noun. It refers to the group of managerial personnel of an enterprise.

(ii) It refers to the processes of managing, planning, organising, staffing, guiding, directing, supervising and controlling.

(iii) It is used apart from the above two—personnel and activity- but it describes the subject, the body of knowledge and the whole practice, the discipline.

I. Management is an art of getting things done through other people :

It is a process of activity consisting of some basic techniques for getting the objective of an enterprise fulfilled through the efforts of people. It is the activating element in any concern for getting things done through people. But today it is thought to be against humanity. At present: “It is the art of getting things done through and with the people informally organized groups.”

The job of management is to give active leadership that unites the productive but passive resources into a fruitful organization.

As per E. Peterson and E.G. Plowman:

“It is a technique by means of which the purposes and objectives of a particular human group are determined, clarified and effectuated.”

As per E.F.L. Breach it has been said as:

“A social process entailing responsibility for the effective of efficient planning and regulation of the operations of an enterprise, such responsibility involving a judgement and decision in determining plan and using data to control performances and progress against plans. The guidance, integration, inspiration and supervision of the personnel comprising enterprise and carrying out its operations.”

Breach signifies that it is not possible to take management in relation to things or mechanical operations of machines but only in relation to the people who are employed to operate or use such things.

As per Prof. Harold Koontz it is:

“The art of getting things done through and with people informally organized groups. It is the art of creating an environment in which people can perform as individuals and yet co-operate towards attainment of groups’ goals. It is art of removing blocks to such performance, a way of optimizing efficiency in reaching goals.”

II. Management is what management does:

The three functions of management are:

(i) Planning,

(ii) Implementing, and

(iii) Controlling.

Planning includes formation of policy and its translation into plans. Implementing includes the execution. Controlling means exercising administrative control over the plans.

In the words of Dr. James Lundy:

“Management is principally a task of planning, co-ordinating, motivating and controlling the efforts of others towards a specific objective. It involves the combining of the traditional factors of production (land, labour and capital) in an optimum manner, paying dues attention, of course, to the particular goals of the organization.”

This definition includes three major management activities of:

(1) Planning is the ascertainment of the course or objectives of a business, division or department to attain maximum profit effectiveness, the establishment of policies and continuous seeking and finding out new and better ways to do things.

(2) Implementing seeks to the doing phases, after preparation of plans, personnel attend their jobs with training of motivation not do rightly. Activities must run to the planning, supervision and direction of the subordinates and at the same time groups efforts are coordinated.

(3) Lastly, controlling seeks to evaluate acts of those who are responsible for executing the plans agreed upon. It consists of: (a) Controlling adherence to plans (b) appraising performance.

III. Management is the development of the people:

Business is not the management of things. As Appley Lowrence puts it: “The development of people and not the direction of things.” It is the selection, training supervision and development of people. These days most of the large as well as medium-sized enterprises are managed by the professional managers i.e., the managers who have got either little or no share in the ownership of the enterprise. They take management as a career.

Mcforland has noted following characteristics of a profession:

1. A body of principles, techniques, skills and specialised knowledge.

2. Formal methods of acquiring training.

3. Laying down of certain ethical codes of guidance of conduct.

4. Charging of fees according to the nature of services rendered.

And management is truly a profession in the sense that it fulfills all these conditions. Management these days is very much a systematised body of knowledge (science) and is an identifiable discipline. It has also developed a number of its tools and techniques.

In India, now there are a number of management institutes and university departments imparting formal management training. But management still, at last so in our country, does not fulfill the last time requirements of being a profession. There is, for example, still no unified ethical code of conduct for the managers as is there for the doctors and lawyers.

8. Essay on the Functions of Management:

Various authors have given various functions of management according to the time and development of the management science.

All these can be classified into the following categories:

(i) Planning

(ii) Organisation

(iii) Direction

(iv) Co-ordination

(v) Control.

These functions of management have been discussed in detail in the following paragraphs:

(i) Planning:

It is deciding in advance what is to be done, how it is to be done and when it is to be done. Planning involves projecting the future course of action for the business as a whole and also for the different sections within it. It helps in bridging the gap between the present and the future.

Planning is possible whenever there is a question of choosing and planning process is possible only when alternatives are there. In fact planning is an intellectual process. It signifies use of rational approach to the solution of problems. The important aspects of planning process are defining and establishing objectives, policies, procedures methods, rules, budgets, programmes and strategies.

(ii) Organisation:

Organisation is the structural relationship in an enterprise between the various factors i.e., men, material and management which combine to achieve the objectives set by the enterprise. In a dynamic society like ours, the organisation is not fixed. If it does not promote the objectives of the enterprise, it must be modified.

(iii) Direction:

Direction consists of command, execution, control, supervision and motivation i.e., achieving the good results. It is concerned with to use Lawrence H. Appley’s maxim “that management is essentially getting things done through the efforts of other people.”

It needs the personal touch. A good manager has to see that his orders are properly carried out and have achieved the desired results. It will need proper supervision by him and control of all the levels below him.

Moreover, his order must always create motivation among subordinates. It is only possible when his orders are of the right type and at the right moment. For it, more of initiative, sincere and tact is required than aggressiveness. A good executive must always be a good leader.

(iv) Co-Ordination:

Co-operation permeates all operating organisations and makes their entire structure more effective by harmonizing and property timing the various activities. It means synchronising the activities of all persons and functions in the enterprise and rooting out personal prestige and vested interests.

Proper co-ordination presupposes a number of conditions which can be summed up as:

(i) Fixed responsibility

(ii) Adequate authority at each executive level

(iii) Organisational structure facilitating

(iv) Co-ordination.

(v) Control:

This includes the setting of the targets or standards and comparing the actuals with standards in order to know the deviations, analysis and probing the reasons for such deviations, fixing of responsibility in terms of persons responsible for negative deviation, and correction of employees performance so that group goals, and plans devised to achieve them are accomplished.

9. Essay on the Importance of Management:

Management is absolutely essential if human efforts are to be effective to meet all round development of the society through productive activity, occupation or profession. It is essential in all organisations and at all levels of organisation in an enterprise. Without the enlightened guidance and leadership made available by management “the productive resources will remain resources and shall never become production”.

Management is a dynamic element which gives life to a business enterprise. The productive resources such as materials, men, and money are entrusted to the administrative ability, enterprising initiative and organising skill of management.

In short, management is important for the following reasons:

(i) Provides Effectiveness to Human Efforts:

It helps achieve better equipment, plants, offices, products, services, human relations. It keeps abreast of changing conditions, and it supplies foresight and imagination. Improvement and progress are its constant watch-words.

(ii) Critical Ingredient in Nation’s Growth:

An underdeveloped nation usually lacks adequate managerial know-how. National development is not solely one of transferring capital, technology, and education to citizens of an undeveloped nations. It is also supplying or developing management which provides the generation and direction of effective human energies. Management know-how utilizes the available resources effectively toward achievement of basic needs.

(iii) Brings Order to Endeavours:

By means of management, apparently isolated events or factual information or beliefs are brought together and significant relationships discerned. These relationships bear on the immediate problem, point out future hurdles to be overcome, and assist in determining a solution to the problem.

(iv) Provides Judgement and Courage:

To determine worthwhile goals, carefully select and utilize resources efficiently by means of applying planning, organising, directing and controlling require a high degree of judgement and the exercise of great courage.

From time to time, gadgets and aids are offered to replace management, but actually at best they assist and do not represent management. Serious consideration of such devices usually points out the need for more management judgement and courage to be used. Nothing takes the place of management.

(v) Helps in Achieving Group Goals:

Management touches and influences the life of nearly every human being. Management makes us aware of our potentials, shows the way toward better accomplishment, reduces obstacles, and causes us to achieve goals that we probably would not otherwise attain.

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Business Essay Examples

13 Business Essay Examples for Students

14 min read

Published on: May 1, 2023

Last updated on: Jan 30, 2024

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Are you struggling to figure out the structure, research, or data required to make your essay stand out? Or frustrated by the lack of inspiration and ideas for your essay?

But don't give up yet! We have a powerful solution that will make your essay writing a breeze. Our list of business essay examples is here to help! 

We have compiled expertly written business essay examples that will illustrate how to write a striking business essay.

With our examples, you'll be able to see how to structure your essay and generate creative ideas for your topic. And our tips will help you make the most of these examples.

So, let's dive in and get ready to learn!

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What is a Business Essay?

A business essay is a type of academic writing that focuses on business-related topics and issues. These essays can cover a wide range of topics such as marketing, finance, management, entrepreneurship, and more.

The importance of business essay lies in presenting a well-researched and informed analysis. To do this effectively, writers need to conduct extensive research and analysis on the topic at hand.

Referring to examples of business essays can help you gain insight into the structure, tone, and content of a well-written essay.

Business Essay Examples For Students

Here is a list of business writing examples

Business Essay Examples Pdf

Business Essay Example Grade 10

Business Essay Example Grade 11

A Level Business Essay Examples

University Business Essay Examples

International Business Essay Examples

Short Essay About Business

College Essay About Starting A Business

Types of Business Essay with Examples

When it comes to business essay writing, there are several different types that you might encounter. 

Here's a brief overview of each type, including their characteristics and an example of each.

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Case Studies

A case study is an in-depth analysis of a specific business situation or problem. It involves extensive research and data analysis to provide recommendations.

Case studies often showcase the application of theory to real-world business scenarios.

Research Papers

Research papers involve a more academic approach to business writing. They typically require an extensive literature review, data analysis, and original research. 

Business research papers aim to contribute new knowledge to the field of business. These often involve a hypothesis or research question.

Argumentative Essays

Argumentative business essays aim to persuade the reader to adopt a particular point of view or take a specific action. They present an argument and use evidence and logic to support their claims. 

Argumentative essays can address various business topics such as management practices, ethical issues, or market trends.

White Papers

A white paper is a document that provides a detailed explanation of a particular issue or problem, often with recommendations or solutions. 

White papers are typically used to educate stakeholders about a specific topic. These are often used in the business-to-business (B2B) context.

Comparative Essays 

Comparative business essays compare and contrast two or more topics or ideas. They typically analyze the similarities and differences between the topics to evaluate their pros and cons. 

Comparative essays can focus on various aspects such as products, companies, markets, or strategies.

How to Structure Your Business Essays

As you begin writing your business essay, it's important to structure it in a clear and organized way. 

Here's a step-by-step guide with business essay samples to help you do just that:

Executive Summary

The executive summary is a brief overview of your entire essay. It should summarize your main points and highlight your recommendations. 

This section should be written after completing the essay, as it gives a clear picture of what the essay covers. 

Here is how you start a business essay sample:

Introduction

The introduction sets the stage for the rest of the essay. It should introduce the topic, provide background information, and explain the purpose of the essay. 

Here is a business essay introduction example:

Industry Analysis

In this section, you'll conduct a thorough analysis of the industry in which the business operates. You should examine factors such as competition, market trends, and customer behavior. 

Here is a sample industry analysis

Key Issues or Problems

This section should identify the main issues or problems faced by the business. You should provide evidence to support your claims and analyze the impact of these issues. 

Here is an example paragraph:

Solutions or Recommendation

Here, you'll provide solutions or recommendations to address the issues identified in the previous section. Your solutions should be well-supported and feasible. 

For instance:

Implementation Plan

For this part, you'll outline a plan for implementing the solutions or recommendations you've proposed. This is sort of a description of the business model you suggest. 

This section should be detailed and include specific action steps. 

For example:

Finally, you'll wrap up your essay by summarizing your main points and reiterating your recommendations. 

This section should be clear, concise, and impactful. 

By following this structure, your business essay will be well-organized, coherent, and easy to follow for your readers.

Tips for Using Business Essay Examples Effectively

Now that you have quite a few business essay examples at hand, you should know how to use them effectively:

• Use them as a guide, not a template : While it's great to learn from examples, you should never copy them outright. Instead, use them as a starting point for your own research and writing.
• Analyze the strengths and weaknesses of the essay : Take note of what works well in the example essay, as well as any areas that could be improved. This will help you understand how to make your own essay even better.
• Use them to inform your own research and writing : Pay attention to the research methods, sources, and evidence used in the example essay. This can give you ideas for your own research and help you strengthen your arguments.
• Avoid plagiarism and ensure proper citation: Whenever you use ideas or information from an example, make sure to cite your sources. This will help you avoid plagiarism and maintain academic integrity.

You now have a plenty of business essay examples on different topics to help you get started!

By following our tips and studying the sample essays, you can confidently write your own essays that are clear, concise, and impactful. 

However, if you still find yourself struggling with your business essays, just reach out to our professional business essay writing service . 

We have the best online essay writing service and are ready to provide you a high-quality business. Our writing service has subject specialist writers who can tackle any business essay topic.  

So why wait? Contact us today and let our AI essay writer take your business essays to the next level!

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How to Write a Business Essay for Impactful Communication and Analysis

So, you've got a business essay coming up, and you're feeling a mix of excitement and a tad bit overwhelmed, right? Totally get it. Writing a business essay might sound boring, but trust me, it's a skill that's gonna come in handy when you're out there in the real world.

In this article, we're dishing out some awesome tips just for you if you have question on how to start a business essay. Think of it as your secret weapon to tackle those business essays like a pro. We'll keep it real, easy, and super practical – no fancy jargon or complicated theories. Let's dive into the world of business essay writing, where your words can make a big impact. In case you lack time or motivation to finish your assignment, use our business essay writing service to streamline the process.

What Is a Business Essay

Business essays are written pieces that explore and analyze various aspects of business-related topics, often focusing on management, marketing, finance, or entrepreneurship. They provide a platform for students and professionals to articulate their understanding of business concepts, theories, and real-world applications. Typically written in a formal and structured manner, a business essay requires critical thinking, research skills, and the ability to communicate ideas effectively. Whether delving into case studies, discussing industry trends, or evaluating business strategies, the essay aims to provide insights, draw conclusions, and contribute to a deeper understanding of the dynamic world of business.

How to Write an Introduction for a Business Essay

A business essay introduction sets the tone for the entire paper and captures the reader's attention. Here are some steps and tips to help you write an effective introduction for a business essay:

• Understand the Purpose of the Introduction

Clearly understand the purpose of your essay. Are you providing an overview of a business concept, analyzing a case study, or arguing a specific point? Tailor your introduction accordingly.

• Start with a Hook

Grab the reader's attention with a compelling hook. This could be a relevant quote, a surprising fact, a rhetorical question, or a thought-provoking statement. The goal is to make the reader want to continue reading.

• Provide Context

After the hook, provide some background or context related to the topic of your essay. Help the reader understand the significance and relevance of the subject matter in the business world.

• Thesis Statement

Clearly state your thesis or the main argument of your essay. This should be a concise and focused statement that outlines what the reader can expect from the rest of the essay. Make sure it is specific and reflects the purpose of your writing.

• Outline the Scope

Briefly outline the main points or areas that your essay will cover. This gives the reader a roadmap of what to expect and helps them understand the structure of your essay.

• Use Clear and Concise Language

Keep your introduction clear and concise. Avoid unnecessary jargon or complex language that might confuse the reader. Aim for clarity and precision.

• Be Relevant

Ensure that every sentence in your introduction is directly related to the topic of your essay. Avoid going off on tangents or providing excessive information that doesn't contribute to the main points.

• Consider the Tone

Choose a tone that is appropriate for your audience and the nature of your essay. Business essays can vary in tone, from formal and academic to more conversational, depending on the context.

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Business Essay Introduction Example

Here’s an example of an introduction for an essay titled “The Rise of E-commerce: Shaping the Future of Retail”:

The retail landscape is undergoing a seismic shift as e-commerce continues to redefine the way consumers shop. In this essay, we explore the profound implications of this digital transformation on traditional retail models and analyze the key strategies businesses are employing to thrive in this dynamic environment. From changing consumer behaviors to the strategic use of technology, the impact of e-commerce on the retail sector is undeniable, prompting businesses to adapt or face the risk of obsolescence.

How to Write a Business Essay

Working on a business essay might seem daunting, but it doesn't have to be. In this guide, we'll break down the process into simple steps to help you navigate through it smoothly. In this next section. We’ll be breaking down the essentials of drawing up a business essay from start to finish. From defining your main argument to structuring your points effectively, let's explore the key strategies that will set you on the path to success. 

Analyze the Prompt

Start by carefully reading and understanding the essay prompt. This involves breaking down the question to grasp what it's asking for, identifying the main topics, and recognizing any specific tasks or points to cover. This step helps you set the stage for a focused and relevant essay by ensuring you address all aspects mentioned in the prompt. You can hire a business essay writer to expedite the process if you want.

Think of a Thesis Statement

When writing a business essay, think of the thesis statement as the essay's compass. It should be a concise, strong sentence that lays out your main argument or viewpoint on the topic. Your thesis guides the entire essay, so make sure it's specific, debatable, and gives readers a clear idea of what to expect in your writing.

Create an Outline

We’ve already shared tips on how to write an introduction for a business essay, so let’s move on to the next stages. Organize your thoughts by outlining the main points and structure of your essay. This doesn't have to be too detailed; just a roadmap that helps you see how different ideas connect. An outline ensures a logical flow in your writing and prevents you from going off track. By the way, have you already picked business essay topics ? If not, here’s a list of great ideas you can use!

Provide Topic Background

Before diving into your main points, the business essay writing format implies giving your reader some context about the topic. Briefly introduce the key concepts, relevant facts, or historical background that will help readers understand the importance and relevance of your essay.

Write the Main Body

Start developing your essay by expanding on the main points outlined in your thesis. Each paragraph should focus on a specific idea or argument supported by evidence or examples. Be clear and concise, ensuring a smooth transition between paragraphs. It’s the most difficult part of the assignment, meaning you can use our college essay service to simplify it.

Write a Conclusion

Summarize your key points and conclusively restate your thesis. The conclusion should tie up the loose ends and leave a lasting impression on the reader. Avoid introducing new information but rather reinforce your main argument. For more details about how to write a conclusion for an essay , please refer to our guide.

Add a Bibliography

List all the sources you used in your research. Be meticulous about citing your references properly, following the chosen format (APA, MLA, etc.). This adds credibility to your essay and avoids plagiarism issues.

Edit and Proofread

As you’ve learned how to write a business essay, it’s time to master the art of self-revising. Review your essay for clarity, coherence, and grammatical errors. Editing ensures that your ideas flow smoothly, and proofreading catches any overlooked mistakes. It's a crucial step to polish your essay and present a professional piece of writing. Do you have another assignment on business management ? This guide will help you!

Choose the Writing Format

Reiterate the importance of selecting and adhering to the chosen writing format throughout the essay. Consistency in formatting, citations, and other style elements contributes to the overall professionalism of your work.

Business Essay Example

Business essay examples offer practical assistance to students tackling assignments by showcasing the application of essential writing principles in a real-world context. As a tangible reference, it demonstrates an effective essay structure and how to formulate a clear thesis statement and provide coherent arguments. By examining examples, students can glean insights into research techniques, proper citation practices, and overall essay organization, empowering them to approach their business assignments with increased confidence and proficiency.

Example 1: “The Impact of Technological Advancements on Modern Business Operations”

This essay explores the multifaceted impact of technology on operational efficiency, innovation, customer relations, and global connectivity. From integrating automation and artificial intelligence for streamlined processes to facilitating global expansion through digital platforms, technology emerges as a driving force shaping the success and sustainability of contemporary enterprises. While acknowledging the numerous benefits, the essay also highlights the challenges and ethical considerations inherent in adopting these technologies, emphasizing the need for businesses to navigate these complexities responsibly for long-term growth and competitiveness.

Example 2: “Sustainable Business Practices: A Strategic Imperative for Corporate Success”

This essay explores the pivotal role of sustainable business practices as a strategic imperative for corporate success in the contemporary entrepreneurship scene. Addressing environmental concerns, social consciousness, and economic viability, the essay delves into the multifaceted benefits of adopting sustainable approaches. It discusses how businesses can align profitability with responsible practices, emphasizing environmental stewardship, social impact, and community engagement. The essay underscores the importance of regulatory compliance and risk mitigation in business by examining the economic advantages and innovation opportunities arising from sustainable initiatives.

Final Considerations

Students engage in writing business essays to develop essential skills and knowledge crucial for success in the professional world. These essays serve as a platform for honing critical thinking, analytical, and communication skills, allowing students to articulate and analyze complex business concepts. Through the process of researching, organizing thoughts, and constructing coherent arguments, students gain a deeper understanding of business principles and practices. Business essays also cultivate the ability to synthesize information, evaluate various perspectives, and present well-reasoned conclusions. If you find with task troublesome, you can always tell us, ‘ write my research paper ,’ and one of our wordsmiths will fulfill the assignment quickly.

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How Many Paragraphs Does a Business Essay Have?

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specializes in creating authoritative content on marketing, business, and finance, with a versatile ability to handle any essay type and dissertations. With a Master’s degree in Business Administration and a passion for social issues, her writing not only educates but also inspires action. On EssayPro blog, Annie delivers detailed guides and thought-provoking discussions on pressing economic and social topics. When not writing, she’s a guest speaker at various business seminars.

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How to Write a Business Essay: an Ultimate Guide

Table of Contents

Writing an essay can be boring. A lot of essays are basically the same thing over and over again. You write an introduction, then you write your supporting paragraphs, and then you create a conclusion. Overall, the process is not a lot of fun, and you can often feel as though you are simply going through the motions for the sake of churning out extra work. But since you have to write an essay, it’s worth considering the many ways that you can make the process faster and easier. In this ultimate guide, we’ll discuss the best way to write a business essay so you can get through the process faster and with relatively little trouble.

It might seem obvious, but the first thing you need to do when you write an essay is to read the essay question. You need to be sure you understand each part of the essay question and how the parts of the question work together. You would be surprised how many students only glance at the question and then write a paper that only partially addresses the assignment. You don’t want to lose points because part of your paper isn’t on topic. If you find any parts of the paper that you don’t understand or that require explanation, be sure to contact your instructor for clarification before you start writing.

Read the essay rubric

These days, most essays have a grading rubric included with the question. A grading rubric is like a cheat sheet for writing your essay. When you review the essay rubric, you’ll see exactly how your instructor will grade your paper and what your instructor will be looking for. When you write your paper, you will therefore know exactly what to include and how to write about it in order to maximize your points—and you’ll also see what you can spend less time on because it won’t contribute to your overall grade.

Make friends with your library

Many students automatically turn to search engines like Google in order to research their papers, but this is not the most effective way to find high-quality business sources for your paper. Instead, take advantage of your library’s databases. Your college or university library will likely have dedicated business databases that collect high-quality academic articles on business topics. Using these resources in your paper will make your essay stronger and more effective, and it will put your paper on a solid academic footing.

Compile your sources before you write

Many students use the start-and-stop method to write their papers, composing a sentence or two and then stopping to look up more information in order to keep going. This, however, is an inefficient way to work. A better way is to read through your research sources before you start and copy into a separate file a series of quotations and facts that you might use in your paper, creating in-text citations and reference list entries for each before you start. Doing so will make sure that you don’t have to stop for research and have a ready bank of pre-cited material to work with as you write.

Outline before you write

Outlining is an important skill that will both save you time and improve the quality of your essay. Take time before you write to lay out your paper from beginning to end. Start with your thesis statement and carefully lay out the body paragraphs with a topic sentence, supporting details (including research, quotes, and citations ), and a closing paragraph . Plan your transitions to link paragraphs together. Any amount of outlining can be helpful, but the more effort that you put into outlining at this stage, the easier it will be to write your paper, and the less likely it will be that you get stuck in a tangent that goes nowhere or meander into a point that requires you to change your thesis and revise you whole essay.

Remember to revise and proofread

When you finish the draft of your paper, you aren’t done yet. The first draft is rarely the finished product. You should always set aside time to read your work back and to make revisions to make it clearer. You also need to carefully proofread for mechanical grammar, punctuation, and syntax issues to ensure that your paper is as close to perfect as possible. You don’t want to leave points on the table because your paper had easy to fix minor spelling or grammar errors.

Consider professional writing help

Another great way to get your paper done quickly is to seek out custom professional help from an essay writing service with academic experts. An online writing company such as this can create business papers for college students and deliver them fast. When you utilize professional writing assistance, you can receive a custom-written essay that can serve as a great model to help you understand how a professional would approach your business topic and organize and develop an essay to address your assignment. Using a model such as this can save you time and effort as you work on your own paper, allowing you to focus on the learning process more than the mechanics of academic essay writing.

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Business Essay and the Best Way of Its Writing

• Academic Writing Tips

• Social Science
• Political Science

Business is an essential aspect of today’s evolving world. It is a lucrative industry that impacts many sectors, including education. Business-related courses are popular as many students are pursuing the programs. There are many branches in the business field, from business management to finance. College tutors often give students different business papers to test their knowledge as part of the assessment.

A business essay is an academic assignment that involves writing a paper that responds with a strategic and analytical approach to specific situations occurring in the market. Each business essay has a different topic that students tackle. However, the primary purpose of such essays is to collect relevant facts that align with the research question and analyze the data to get solutions.

Writing a business essay might seem simple, but it requires impressive writing skills and extensive research. You must be familiar with the topic to know the paper’s direction. Topic selection is a tricky section that affects the entire writing process. It is essential to identify a relevant topic to assist you in crafting a remarkable paper. You have to write a well-structured and compelling paper to get good grades. Presenting accurate arguments with supporting examples from reliable sources is an essential research aspect. Thus, a business essay must follow the required academic standards and theoretical frameworks.

However, writing is not everyone’s cup of tea, and incorporating logical arguments can be challenging. If you are stuck, you can check any business essay example online to understand the format. You will know how to structure the paper and relate it to the relevant themes.

That is why our writing service is here to help needy students craft exceptional essays. We will connect with a proficient business essay writer to help with the research and writing process. Get flawless documents from us and earn the best score in your class.

Business Essay Format

Most learners often overlook the importance of having a business essay format. It is imperative to use a format to help you outline your work. Proper thought organization and articulation are essential aspects that translate into a well-written business essay.

Below is an example of the format:

• Introduction
• Background information
• Introduce main topics
• Thesis statement
• Topic sentence
• Research explanation
• Restate points
• Significance of the study

The above outline is a map that will guide you to know what to include in each section. In addition, you will understand what the assignment requires you to do from the introduction to the conclusion.

If you still find it challenging to get the proper format, you can study a relevant business essay example from our site and jumpstart your paper. Whether you need a business school essay or a business plan essay, we have you covered.

Write Business Essay In 5 Steps

While writing might seem challenging, with the proper format and topic familiarity, you are on the right track. It is imperative to understand the writing process before composing your business essay. You need to read the prompt carefully to know what you are supposed to research and write about.

Here is an overview of the writing process in 5 simple steps:

• Topic Selection

Choosing a good topic is mandatory in crafting an excellent paper. You must select a theme that aligns with the research question. Additionally, ensure you select a familiar topic you are passionate about to avoid writing mistakes and illogical paragraphs.

• Extensive Research

Conduct extensive research to get facts and supporting evidence. Narrow down your theme and include only good points. Avoid broad topics because you will waste time during research.

• Essay Outline

Make sure you use a proper outline to organize your thoughts and line of arguments. Follow the format essay

Start writing your paper while using the required academic format. Organize your work and include the introduction, main body paragraphs, or conclusion.

• Editing and Proofreading

Finally, edit and proofread your essay to eliminate grammatical and spelling mistakes.

The above steps will help you during business essay writing to craft remarkable papers. It would be best to plan your time adequately to avoid rushing through the process. However, you must select an appropriate topic for your paper. It could be a business management essay or a marketing paper. No matter the subject discipline, ensure you follow the correct procedure.

Business Essay Topics

Our experts have compiled a list of different business essay topics to inspire your writing:

• Discuss the importance of bookkeeping in a business.
• Evaluate the impact of value addition in products.
• An analysis of income and expenditure transactions.
• Analyze the supply-chain industry.
• The effects of product promotion in business growth.
• How to develop an effective marketing strategy.
• Impact of policymaking in enhancing company productivity.
• What is multilevel marketing?
• Impact of technology in the business world.
• Discuss the challenges affecting entrepreneurship.
• Significance of human resource management.
• Explore the importance of budget analysis.
• How does technology impact advertising?
• The importance of a financial strategy.
• How to start an online business.
• How can organizations profit from sustainable practices?
• How to develop a positive organizational culture.
• The importance of employee diversity in an organization.
• Effective ways of fraud prevention in a company.
• Explore the communication channels in an organization.

Let us look at interesting argumentative business essay topics

• Discuss the influence of cultural differences on international companies.
• A comprehensive analysis of cryptocurrencies.
• Discuss the ethical dilemmas in international organizations.
• The influence of globalization on the business community.
• Should large organizations have a social media presence?
• Causes and effects of economic recession.
• Impact of politics on business growth.
• Discuss the effective strategies of negotiating cross-cultural business deals.
• Explore the integrity of online entrepreneurship.
• The impact of corporate social responsibility in an organization.

The field is quite diverse with various course programs. You can derive different topics from these programs to get logical arguments. So, get inspiration from the compelling business school essay examples and craft exceptional papers.

How To Start A Business Essay

Knowing how to start a business essay is essential for academic writing. The first step entails topic selection because it will determine the essay’s direction. Identifying a relevant topic is vital, and you need to ensure you get the suitable theme. It will also help save you time during research and simplify the writing process.

When it comes to essay writing service , business papers are among the assignments that require extensive research and analysis. Read the essay prompt carefully to understand the tutor’s expectations. Then, make sure you conduct a comprehensive brainstorming session to get the major points for your paper. Having the right points will help you compose logical arguments in a flawless manner.

Moreover, it would help to read previous essays and publications from reliable essays widely. You will get essential data to support your arguments. Besides, the sources will help you cite your essay correctly.

Start your essay with an insightful introduction and include your perspective regarding the topic. Incorporate a powerful thesis statement that informs your readers of the paper’s direction and the major points you will discuss.

Proceed to write the body paragraphs with a topic sentence that captures all significant arguments. Each paragraph should have well-explained arguments that flow logically.

Finally, conclude your business essay by restating your main points and the significance of the study.

Still, need help with your paper? Worry no more. Our competent business essay writers are on standby, ready to assist you with any academic paper. Stop wasting time and reach out to us. We will help you score top-of-the-class grades within no time.

The paper “Enterprises Resource Planning Success and Failure” is an outstanding example of a business essay. An Enterprise resource planning (ERP) system according to Aslan et al. (2012, p.693) is a management system within an organization that has sets of connected inclusive software, which may be used when espoused and put into practice effectively, to oversee and connect every organizational function. Basically, ERP systems may be employed as a tool for helping to improve the supply chain network as well as the level of performance by helping in decreasing cycle times.

Besides that, ERP systems have been utilized routinely in capital-intensive industries like building, construction, manufacturing, as well as defence. Latterly, ERP systems have advanced further and nowadays they are prevalent in industries such as education, health care, finance, hospitality, and telecommunications. Fundamentally, the benefits of ERP systems are hard to realise not unless a strong disposition, as well as participation, is established within the organisation; so, the article seeks to critically analyse ERP success and failure experienced by organisations.

BodyAs mentioned by Hellens et al. (2005, p.283), ERP systems are built upon a single database and application, as well as a coordinate that is unified in the whole organization. For that reason, every application serving different departments such as HR, accounting, and supply chain are integrated firmly under a single ERP system. Al-as observed by Al-Masha et al. (2003, p.354), ERP systems are useful when successfully implemented because they accelerate the process of decision-making. So, the success of ERP systems depends on the ability of an organisation’s managers to efficiently oversee the operation of a business, given that ERP systems can help them reduces operation costs.

Success drivers of ERP systems can be categorised into two: operational and technological drivers. In this case, operational drivers are associated with ways of improving organisational performance, supporting business strategies, as well as cutting production costs. On the other hand, technological drivers are predominantly associated with compliance with existing rules and regulations. The notion of success varies as the process of implementation continues, in that for planning and implementation (the first two stages of the cycle) success is mainly rooted in completing the ERP project to the standards that are acceptable within the budget as well as a time limit.

As pointed out by Hanafizadeh et al. (2010), stabilization as well as Improvement (the last two stages of the cycle) success is founded on the seeming impact of the ERP system on the performance of the organization. As indicated in Hanafizadeh et al. (2010) study, there are scores of factors vital for the success of ERP systems; support is top management one of the factors, and it involves encouraging commitment, positivity, and support of top management in the ERP project. Another factor is the utilization of knowledge as well as experience of system and technology consultants.

Additionally, the balanced project team is crucial for the success of ERP systems because it includes the integration of employees and information technology with the broad knowledge of the processes in the organization. As evidenced in Hellens et al. (2005) study, the accuracy of the information is crucial to the success of ERP project, so, data loaded from accessible legacy systems must at all times be of high quality. ERP project cannot succeed if the project management teams do not have a well-defined, detailed project plan related to the goals of the project.

Change management is also a success factor in the implementation of ERP project; so, careful attention has to be offered to this, considering that several changes in business processes are experienced during ERP systems implementation. Training and education are also important given that technical expertise regarding the ERP system, its reference model, and facts regarding its working are useful in the process of implementation. Other factors crucial for success consists of, availability of experts who aside from being in top management will frequently help the organization realize ERP system benefits.

Failure of ERP projects has been prevalent, and this has continued to bite worldwide across all business platforms. As pointed out in Xue et al. (2005, p.279) study, ERP poise substantial benefits like improving customer service, reducing manufacturing costs and boosts productivity, but these benefits are only realised after successfully implementing the ERP systems. Nevertheless, statistics show that implementation of ERP systems is still a failure amongst scores of companies. Statistically, 90 per cent of ERP systems implementations in Asia countries, especially China are either completed late or use more money and resources than those stipulated in budget.

In Xue et al. (2005) study, where they differentiated implementation success of ERP system in China as well as western countries, they noted that China had a higher percentage of failure which was attributed mainly to lack of support from top management as well as data inaccuracy. Other factors that led to ERP failure include poor participation, education and training, insignificant time ensuing from a minimal understanding of cross-operational organisational processes (Dechow & Mouritsen, 2005, p.691). Furthermore, ERP systems are exceedingly expensive, and also the need for the organisation to hire consultants to assist in the configuration as well as implementation, results in further escalation of price; thus, creating a high possibility of failure.

The cost used on consultants is almost thrice the cost of an ERP system; this negatively affects the productivity of the company and can lead also to the failure of the ERP system. ConclusionIn conclusion, it has been argued that ERP systems are beneficial because they improve the flow of information between every function of the company and also manages the connections to external stakeholders. Currently, the key basis of competitive advantage is the capability of a business to improve the processes of the supply chain.

This necessity has created the need for more advanced information systems like ERP systems. The articles have heightened numerous factors critical to the success of ERP, and which have allowed companies to efficiently plan their resources resulting in business efficient functionality and increased productivity. Failures as discussed in the article are caused by lack of support from top management, data inaccuracy, and lack of sufficient education and training.

The paper “New iPhones Show a Hit For Apple as Quarterly Profit Fluctuate 13 Percent” is an outstanding example of a business literature review. Yao (2014) explains that China is expected to provide information about its weakest growth since the occurrence of the global financial crisis within the third quarter while the property downturn is assessed based on manufacturing and investment. As a result, more pressure has been put on Beijing to unveil new stimulus measures. According to Yao (2014), the market assumes that the Communist Party leader will be able to adjust to the gradual slowdown. This will happen only in circumstances where there are no possibilities of experiencing a potentially destabilizing fluctuation in unemployment. However, anything weaker would lead to more speculations of key stimulus measures, for instance, an interest rate cut. Although the leadership has consistently provided steady aid specifically to vulnerable sectors of the economy, it has been noted that several stimuli have been ignored because China is still struggling to pay a huge local government debt (Yao 2014).

Article 2: New iPhones show a hit for Apple as quarterly profit fluctuate 13 percent

Due to strong demand for APPLE’s new larger-screen iPhones released in September, its quarterly profit increased by 13 percent. This also enabled APPLE to overcome the sluggish iPad sales (Jones 2014). Despite the more intensifying competition felt by Samsung Electronics as APPLE’s leading Smartphone competitor, Jones (2014) points out that the iPhone is attracting more consumers who are also ready to pay high prices particularly for cutting-edge handsets. Through its latest phones, Apple is profitably catching with its major competitors, such as, Samsung that have from time to time managed to post attractive sales of larger phones. It has also been noted that the marketing strength that iPhone has gained stands in contrast to sluggish iPad sales and the issues affecting Samsung’s Smartphone business (Jones 2014).

Article 3: Coal not the solution for poverty

Couchi (2014) examines that cheap coal-fueled electricity is highly considered by miners and politicians as the best alternative way out of poverty, particularly for developing nations. However, Africa has not considered this. In the business report provided by Couchi (2014) about the U.S financial group Citi, it can be noted that the booming market for African electricity has been a result of the coal approach. In the attempt to reinforce coals bearish outlook, Couchi (2014) reports that Citi discovered that a new International Energy Agency (IEA) outlook on the commodity is in contrast with the idea of BHP, the US coal producer Peabody as well as the Minerals Council of Australia which maintains that coal would play an integral role in minimizing energy poverty, particularly for developing countries. Despite its metallurgical and thermal forms, coal is considered the second-biggest mineral exported from Australia after iron ore (Couchi 2014).

Article 4: Ebola could be in the headlines, but tobacco is yet another killer in Africa

Research conducted by The Guardian (2014) shows that although Ebola dominates the headlines, there is yet another killer pandemic of great importance that continues to kill many people in the African continent unnoticeably. It is has been noted that tobacco kills at least one between two long term smokers. Currently, it is anticipated to kill 1 billion people globally before 2100. This is relatively more compared to the current number of people who die of Ebola. The Guardian (2014) terms this global issue as injustice and inequality because Transnational Tobacco Companies (TTCs), such as UK-based British American Tobacco (BAT) earn humungous profits yet they cause economic damage worthy over half a trillion dollars each year. Besides, TTCs contribute more to environmental degradation and thus create risks that compromise the health as well as the sustainability of populations. To earn more profits, TTCs are currently shifting and expanding their business to untapped markets in regions with unrestricted opportunities for growth (The Guardian 2014).

Article 5: NAB, ANZ lead pack in building home-lending share

The home loan is still considered the major driving force in recovering credit growth for banks. In this case, National Australian Bank (NAB) and ANZ are on the frontline to encourage the big banks in taking the advantage of the mortgage market, while home and business lending are sustainably becoming strong. Therefore, NAB and ANZ have put on media their fastest growth out of the big in all the past three months (Yeates 2014). Despite the faster growth and expansion made by NAB compared to their rivals in home lending, Yeates (2014) notes that analysts see business lending as a bigger concern because the bank has lost shares and faced more pressure, particularly on its margins. Generally, the home loan market is considered a major driving force that enables banks to recover from credit growth regardless of the risks associated with life specifically in business lending (Yeates 2014).

The paper “Globalization and Culture” is an outstanding example of a business essay. Today, it is common to hear people refer to the world as ‘a global village’. This has been a result of the process of globalization. This process has opened up and improved trade across regional and national borders. Not only has globalization enhanced economic interactions across nations but also improved access to information and uplifted the fight for human rights, among other benefits. Recent technological and communication developments along with improved road networks have been the key drivers of globalization. However, critics of globalization say that these benefits have been realized at a very high price: that of surrendering regional and national cultural values, mainly, for Western morals (Kwame, 2007).

Regarding this debate, two key schools of thought emerge. From one angle critics argue that globalization spreads out any and every culture all over the realm, leading to cultural heterogeneity and deeper understanding between diverse groups. This is mainly defined through the global production and distribution of commodities such that people in different parts of the world have access to commodities they would otherwise have never seen. A case in point is the cultural interaction between the United States and Japan. Teens in the U.S interact with the Japanese culture through their comic books, animations and video games, while teens in Japan interact with the American culture through watching TV shows and Hollywood movies produced in the U.S (Kwame, 2007).

On the flip side, critics argue that globalization erodes the regional and national cultural identity through cultural homogeneity. This leads to a cohesive global culture constituting diluted varieties of regional and national cultural nuances. For instance, French pastries, ‘American’ fried chicken, and Japanese sushi can be eaten in almost any part of the world. Restraint chains such as MacDonald’s and Starbucks have influenced traditions and behaviors in different countries. Even though champions of globalization claim that this merely affects consumer goods and media broadcasting, critics contend that it deteriorates customary culture ((Kwame, 2007; Czinkota, 2003).

Culture is a prevalent aspect in business whether it is in marketing, production, or human resource management. It is a key variable in the function of success in new markets (Czinkota, 2003). People’s purchasing decisions are based on a product’s design, style or color that supports their religious beliefs and practices. Empirical evidence shows that the success or failure of a company, especially, in a foreign market is reliant upon the effective managerial exercise of local religious beliefs and practices. Therefore, managers ought to be on familiar terms with their market’s religious differences given that religion influences people’s attitudes. For instance, Asians have a different attitude toward authority and women that differs from Western beliefs and practices. Whereas many parts of the world, including Asia, South America, and Africa, value collectivism very much, Americans are more individualistic. Chinese, Latin Americans and Koreans take time casually even as Americans are more proactive.

Failing to appreciate the religious beliefs and practices of the market will often lead to lots of inadvertent mistakes, such as being socially violent, cultural mix-ups, tarnished interpersonal relations, poor negotiations. As a consequence, the company’s future performance dwindles as profits decline. Lack of religious competence, or religious dogmatism, can easily put at risk millions of dollars through fruitless negotiations, lost purchases or sales, and pitiable customer relationships (Czinkota, 2003).

Cultural Literacy

Culture is a broad system that includes traditions, beliefs, attitudes, values, institutions and social interactions. This system reflects the global crunch facing the human race, and so it is a cultural catastrophe (UNESCO 1997). Dealing with such a cultural diversity calls for an important skill referred to as cultural competence. Chrisman (2007) defines cultural competence as ‘attitudes, practice skills, and system savvy for cross-cultural conditions’. The key force in work involving cultural competence is the people’s flexibility and ability to appropriately consider and treat the general public politely and in a proper way fitting their culture. Cultural literacy takes account of cultural competence plus the capacity to analytically mirror, and if needed institute change in, one’s a specific culture. Cultural literacy also comprises the capacity to examine the actions of central cultures measured against other cultures. This becomes very much useful in business. A case in point is the understanding of the effect of globalization or cross-cultural businesses on indigenous cultures all over the world.

Cultural literacy has been likened to an iceberg, through the iceberg model of culture. This is due to the expanse contextual material one requires to understand the culture. Cultural literacy often involves much more than the information essentially spoken. In other words, to understand the meaning of a cultural term, one has got to have much information that is not revealed by the bare meaning of that term. The clear cultural meaning of the term is like the ‘tip of an iceberg’ meaning that the deeper understanding lies below the casual meaning of the term and it constitutes a person’s own applicable information. It is known that 15 per cent or less of an iceberg can be seen above the water surface, 85 per cent or more of the iceberg is submerged below the water surface. This means that there is quite a different picture depicted shallowly from that which is the actual translation in the literature, giving the imprint that implied information comprises relatively tiny bits and pieces of information, left out by the correspondent due to dismissal or suitability (Hawkes, 2001).

Figure 1: Iceberg Model of Culture

It has been stated earlier that culture is a broad system that among other aspects involves religion. The world is very diverse in terms of culture as well as religion. Each culture embodies a creation in itself and yet it is not closed. Cultures give religious convictions semantics, and religions provide decisive connotation to each culture. Religion is a way of life for numerous cultures saturating every one human action. In other cultures, it characterizes the utmost ambitions of human life, and for others, religion is an institution that claims to convey a meaning of deliverance (Hawkes, 2001).

The paper “The Different Communications ” is an outstanding example of a management assignment. Phone: 23 rd August: the communication was made to remind that the bill for the mobile phone is outstanding and if not paid within the date will have a fine imposed on it. The communication was successful as it helped to fulfill my need and acted as a reminder. Further, the call also ensured that it was complete and all the details like outstanding amount, due date, late fine, and other details were provided. The call was complete and highlighted the important aspect which if ignored could have an impact on my usage.

Radio: 24 th August: The communication was made regarding the areas which are having huge traffic and showed the roads which should be avoided. The communication was successful as it helped to fulfill my requirements by highlighting the different roads which need to be avoided and which need to be used. The communication was further clear and loud regarding the different roads and path which should be avoided. This method acted as one where proper guidance was provided and acting in the correct way was highlighted so those correct decisions can be taken.

Communications that were unsuccessful

Television: 24 th August: The communication was made regarding the sale of women’s garments. The communication was ineffective because in the first instance it didn’t meet my needs and requirements as I was not looking to shop. Secondly, the message was not constructed properly as it didn’t speak about the brands which were available on sale, the different garments which were available, and also didn’t highlight the date when the sale would end.

Phone: 25 th August: The communication was made regarding the mobile bill payment which has already been made. The call was ineffective because it was not required as the payment has been made and I had the required receipt. The call was instead a wastage of time. In addition to it, the call was not constructed properly and required to focus on areas through which a message would have been enough as a source of communication to ensure that the payment was correctly entered.

Reasons for communication not to be successful

The communication process can be improved in the following ways

Firstly, ensuring that the communication which is made is required and is addressed properly so that the person who receives the communication gains from it (Nicholas, 2013)

Secondly, providing complete information is essential as it will serve as a benchmark to evaluate the manner in which different information is passed (Anne & Bochner, 2007). It will also help to understand the important matter which has been spoken and will help to highlight the manner in which changes can make so that proper communication and message is passed

Thirdly, the targeted audience was wrong and it is important to correct the audience (Mehrabian and Susan, 2007). This will help to improve the validity and reliability of the communication and will ensure that the process of communication becomes effective and is directed towards the correct person

Fourthly, the process of communication needs to be improved and changed so that the message is correctly interpreted and passed with the same intention (Imahori & Lanigan, 2012). This will help the listeners to evaluate the message in the correct form and will help to ensure maximum response.

Fifthly, the media which are used needs to be chosen wisely as the usage of a message instead of a phone call for bill paid confirmation would have been more helpful and could have caught the attention of the audience in a better way. This would have multiplied the effectiveness of communication and would have helped to understand the important points and issues.

The process of communication thereby requires working on the smaller and important aspect so that the overall process of communication improves and helps to provide the required dimensions through which effectiveness can be gained in the manner messages are passed.

The paper “Why Did Telefonica Initially Focus on Latin America” is a perfect example of a business assignment. Based on Telefonica’s objectives of rapidly increasing shareholder value, profits and achieving growth, it had to take advantage of location economies. Hence, the company initially focused on Latin America, as it must have perceived FDI to be a means for circumnavigating trade barriers. Indeed, the reasons why Telefonica initially focused on Latin America are perceivable through the lens of the Uppsala Model Theory.

According to the theory, the internalisation of a company across many foreign markets is correlated to psychic distance, where the first entry is to foreign markets that are familiar and closer in regards to the psychic distance of the host country, before making subsequent entries in foreign markets with greater psychic distance. Psychic distance comprises the differences in culture, language and political systems (Falvo & Parshad 2005).

Within the perspective of Uppsala Model Theory, it should be argued that companies tend to gradually increase their activities in international markets through a series of incremental stages, where the succeeding steps are anchored in learning and adapting to foreign markets (Pandian & Sim 2002).

This implies that the firms fast gain experience from the markets, where they have closer cultural ties before expanding to foreign markets. For instance, Telefonica had to first gain experience as a telecoms operator in Latin America, since the region has deep cultural ties with Spain, where it is headquartered.

Strategic competitive advantages

The company’s decision to slowly expand to Europe appeared opportunistic as well as strategic. Europe had initially possessed trade barriers that lowered the chances of successful entries. Essentially, there is a correlation between culture and national competitive advantage, where countries that are likely to impose trade barriers, in terms of competition are bypassed in preference to those that are less competitive (Enu & Attah-Obeng 2010). This argument is based on Dunning’s Eclectic Theory, which hypothesises that a company will always seek to leverage their specific advantages, including marketing, knowledge, skilled personnel, technology and information (Dunning 2001).

In this case, the Latin American markets were growing rapidly. They also experienced an increased high adoption rate and usage of mobile phones and internet connections. Additionally, after the Spanish government privatised Telefonica and deregulated the Spanish telecommunications market, the company’s core objective became increasing shareholder value, profits and achieving growth.

This implies that profit maximisation is a major drive to foreign direct development; through the use of particular advantages the company has (Glesem et al. 1990). It, therefore, had to select a region that would enable it to achieve higher profits. The company selected Latin America over Europe. Latin America had few entry barriers, such as competition and government regulations, while Europe had greater barriers due to more competitors. This implies that imperfect competition within the marketplace is a key incentive for expanding abroad. Besides, European mobile telecommunications operators had agreed they would not invade each other’s markets. However, after the entry of America Movil into Latin America, Telefonica faced a stronger competitor, forcing it to expand to Europe.

Commenting on other student’s post:

Why did Telefonica initially focus on Latin America?  Why was it slower to expand in Europe, even though Spain is a member of the European Union?

While the student hinted at the growth of multinational enterprises, a brief outline detailing why the company expanded and reasons for expansion could have provided a more relevant backdrop. Additionally, the reference to the Socialist Party by Popular Part in the general election of 1996 was irrelevant and out of context. The student’s decision to link the factors for the European Union to the opening of the telecommunications sector was misplaced. Rather, the student should have selected reasons why Telefonica selected to begin operating in Latin America before making headway to Europe. However, reference to high competition in the sector in Europe was justified.

Accordingly, the student should have explored the close cultural ties between Spain and Latin America, as the major drivers that triggered Telefonica to first launch in the region before expanding to Europe. In supporting the argument, a reference to a relevant theory, such as the Uppsala Model Theory could have pointed to the reasons why internationalisation of a company across many foreign markets is correlated to psychic distance (Uhasselt. be 2005). This includes why the initial entry is mostly made in foreign markets that are familiar and closer in regards to the psychic distance of the host country. Afterward, an explanation of what this meant to Telefonica based on the theory could have been appropriate (Gustafsson & Zasada 2011). For instance, the student should have stated that firms get to fast gain experience from the markets where they have closer cultural ties before expanding to foreign markets.

The student should have based his arguments on Dunning’s Eclectic Theory, which proposes that firms tend to use their peculiar advantages such as marketing, knowledge, skilled personnel, technology and information (Rugman 2010). Further, he should have stated that companies view FDI as a means to circumnavigate trade barriers before going forth to describe the correlation between culture and national competitive advantage, where countries that are likely to impose trade barriers in terms of competition are bypassed in preference to those that are less competitive.

While the student was also justified in arguing that the company sought to maximise profitability and to increase shareholder value, no basis was provided to support the argument, based on the case study. At this stage, the student should have suggested a theory to support his argument (Morgan & Katsikeas 1999). Later, the student should have provided examples from the case study to defend the choice of the theory he selected. However, the student provided examples outside the case study, such as “Telefonica has been able to establish footprints in 24 countries and having an average of 120,000 professionals with consolidated revenues of 24,957 million euros in January-June 2014 and more than 315.7 million customers at June 2014”

Additionally, the reasons the student outlined as the likely motivators for Telefonica to launch first in Latin America before making entries in Europe cannot be justified, as they have not been argued appropriately. For instance, in suggesting political developments, taking policy advantage and the fact that the markets shared a common language, the student should have discussed the concept of psychic distance and the related theory, such as the Uppsala Model Theory.

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How to Write a Business Management Essay

Is writing an excellent business essay possible? Yes, if you know how to go about it. A perfect leadership vs management essay makes a huge difference in your future career. It lets you show mastery of the career field you wish to pursue. This post shares practical ideas for composing a business management paper. Read on to learn more.

Understand Your Prompt and Topic

Start by analyzing your paper’s prompt to understand it. Pay attention to the instructions to grasp what your tutor expects from you. This stage lets you follow your professor’s preferred format or writing style. You will also be better positioned to know your instructor’s scope for the essay about business management.

Choose a Topic for Your Business Management Essay

Select an appropriate title for your business school essay unless your lecturer gave you a topic. You must brainstorm a topic that enables you to write smoothly. The chosen topic should also be broad enough to cover all the critical issues and narrow enough to manage within your assigned word count. Ensure the topic is interesting to inspire your research and writing.

Research Your Topic

Research is critical to your business essay writing. It helps you gather all the necessary materials to include in your assignment. This stage lets you use credible sources to defend your thesis and give your paper academic credibility. You will also be better positioned to support all your arguments with facts.

You can research your paper using different online and offline sources. Here are some bulletproof suggestions for your consideration.

Class Materials

Class materials are valuable information sources for your business essay. You should sort all these materials in order. If you missed anything in class, ask your classmates to give their notes for your independent work.

Hardcover books are another source of valuable information for researching business essay topics. You can get them from your school or personal library. These publications from reputable experts in business will give sufficient support for your arguments.

Online Sources

You may also get invaluable data from online publications and academic platforms. Search the internet and compile a set of credible journals and articles as the evidence base for your assignment. You may download or bookmark these sources for easy use. Some options to use are:

• Relevant journals and studies.
• Publications from leading media houses.
• Essays from authoritative experts.
• News articles and press releases.

Outline Your Essay About Management

You should outline your paper after finishing your research. Follow your professor’s preferred business essay format. Outlining your paper correctly orders your assignment, such as a time management essay. An average business essay format looks as follows.

Introduction

This opening section serves these purposes:

• Quickly introduces your topic and its significance.
• Briefly discusses the dimensions of the topic you’re analyzing.
• Presents a clear thesis statement.

Body paragraphs

Your essay on business will usually have a body section with three to four paragraphs.

• A sentence paragraph that introduces the first argument.
• Supporting evidence for your first idea.
• A logical transition to the second point.
• A sentence paragraph that introduces the second argument.
• Supporting proof for the second point.
• A logical transition to the third idea.
• A topic sentence introducing the third argument.
• Supporting evidence for the third point.
• A logical transition to the fourth idea or conclusion

Argument 4 (optional)

• A topic sentence introducing the first idea.
• Supporting proof for the first point.
• A logical transition to the conclusion.

The conclusion serves these purposes.

• Quickly restates your main body paragraph ideas.
• Restates your thesis statement.
• It proves your thesis statement’s relevance in real-life business settings.

Read Business Essay Examples

Reading a business essay example boosts your writing skills and expands your academic horizons. This path is necessary if you don’t excel in writing yet. Thus, a well-selected sample shows you what an excellent management essay should entail, how a great author introduces and defends arguments, and how to use sources to back up your opinions and arguments.

Start Composing Your Essay On Leadership and Management

Now that you are sure of what you are doing, start your assignment. You should write the paper within your tutor’s given word count. Please don’t exceed the scope or write below it. Otherwise, you could lose good grades. When drafting, pay attention to the following details.

• Compose your paper formally using correct grammar and spelling.
• Don’t use slang.
• Don’t use short verb forms.
• Write with an authoritative voice.
• Present your arguments confidently.
• Provide facts or evidence for your arguments.
• Utilize proper paragraphing.
• Space your paper correctly.
• Use in-text citations when necessary.
• Create a bibliography for the sources you utilized.

Polish Your Essay on Business Management

Polish your assignment before handing it to your professor. Check it thoroughly by rereading the text two to three times. Give the paper to your trusted classmate to catch any errors you might have overlooked. Remember to check it for originality to avoid serious plagiarism problems.

Your refining process should also pay attention to the following issues:

• Check how your ideas flow.
• Ensure consistency in your arguments.
• Double-check that all your citations are present and correct.
• Make sure you adhere to the format and all the guidelines.
• Remove all fluff.
• Check whether the paper fits your assigned word count.
• Get Expert Assistance If Necessary

What if you don’t have the time or skills to write a business paper that fetches excellent grades? Don’t despair because you can hire a business essay writer. A professional will help you with your project management essay if you face difficulties or fear getting low grades. External help is also handy when you have pressing deadlines. It ensures you don’t lag behind your classmates.

Closing Remarks on Writing a Perfect Essay On Management

You are now abreast of everything you need to compose an excellent essay about business. Follow these guidelines to sharpen your writing skills. But should you need external help, our essay writing business is here on standby to assist you. Talk to us today.

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Excellent essay writing blog for students seeking help with paper writing. We provide exclusive tips and ideas that can help create the best essay possible.

Writing an Essay on Business Management

Business management is one of the oldest activities known to human beings. The world of business management has undergone several changes over the years. For most of the successful entrepreneurs, trying to understand this progress has taken years of research and learning the systems that control this sector. As a scholar in business management, you are required to write not just one essay on business management but several of them in an attempt to grasp some of the concepts that are crucial in the learning process. Have a look at some of the best tips you can take advantage of so you can come up with a compelling essay about business management.

Understanding the Basics of Essay on Business Management

Writing requires you to understand the topic in question before going ahead to work on it. This will allow you to subdivide the idea into bite-size topics that will summarize the entire essay on business management in a nutshell. These subtopics will also enable you to elaborate the business management essay in a way that brings about coherence in the entire paper.

Once the topic is clear, and the outline is prepared you can then begin filling in the skeletal structure with information that will make the business management essay take shape.

The Scope of Work

The scope of work of any paper is guided by the outline, which in turn is determined by the topic and the thesis statement. First, you need to come up with a topic that will summarize all your ideas in a few words. You will then have to come up with a thesis statement that further elaborates the topic and subtopics that you intend to cover in your management essay. A fitting introduction is essential when writing such a topic. It gives the reader a rough idea of what has been discussed in the entire paper. When it comes to the body, you have to find useful material that you will use to find information. Finally, you have to sum up your paper. When writing your essay on business management here are some of the things you should and shouldn’t do.

What Shouldn’t You Do

• Do not beat around the bush, rather get to the point without using too many words
• Do not use untrustworthy sources of information as they may contradict the whole paper.
• Do not forget to cite the sources that you used.
• Take care not to overcrowd your paper with information. Use only the required number of sources to achieve a balanced paper.
• Do not begin working on your paper when the deadline is almost due since you will produce good content.
• Remember to read through your paper several to ensure that it is free of any errors and that the ideas flow in a reasonable manner
• Use an outline to guide your paper writing exercise. It will help you to stay on topic.
• Go through a business management essay example first if you are not sure you are doing the right thing
• Brainstorm with other students from your class for more ideas on how to go about the exercise.
• Narrow down on a topic that can be exhausted in the number of pages requested by your lecturer.

Ideas for Your Business Management Essay

The topic is the essential part of the paper considering it gives direction to the whole project. When choosing a heading for your paper, take into consideration that business management is an inexhaustible topic. Some of the business management essay topics that you can use include:

• The history of business management in the USA
• Business management strategies that are known to work
• The importance of managing a business
• Tips for creating a successful business management plan
• Business management ideas from the past that are still effective to date

Pick a topic that you can exhaust within the number of pages that have been allocated by your class facilitator. When writing a business management essay, make use of real-life examples considering that your paper will be read by not just the lecturer, but other students who may stumble upon it in the library, if it manages to pass the criterion required to have it published as a journal. Be sure to be accurate in the use of data and information by other scholars in the same realm. If you are not sure how this is done, find other students in your college who have done it before and ask them for tips that will aid you in working on the paper effectively.

If all these fail, it high time you solicit for the assistance of a qualified writer, who will work on your paper within the allocated time and follow the rules that are stipulated for this kind of writing. You can search for our site online and speak to our customer support team for you to get help.

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Free Business Essay Examples & Topics

If you are studying law, economics, finances, or management, the chances are that you will have to write a business essay. It is a fairly standard assignment encountered at a school or college level. Thus, every student should at the very least know the basics concerning this particular phenomenon.

What is business? Everyone has a vague understanding of the term, but there is also a specific definition. A business is a commercial, professional, or industrial organization involved in entrepreneurship. It is not necessarily motivated by financial gain – a charity can also be a business. The nature of business refers to its operations, its mission statement, and the type of service or product it provides. The organization’s size can range from sole ownership to large multinational conglomerates.

Our experts have selected some business essay examples for you to check out so that you won’t struggle with your task. Besides, in this article, you will find advice for writing these papers. You will see how to organize your work best and which elements to include in your essay.

In this section, you will see the top recommendations for starting a business essay. The tips here are of most use for argumentative and persuasive writing assignments. These are the most popular styles for essays about business.

1. Pick a topic or analyze a given one.

If you’re free to choose one, select a topic that you find intriguing. Identify a relevant central idea to discuss. When writing an essay on an assigned topic, determine the exact question that needs to be addressed. Double-check the essay format that you have to follow.

2. Research and take notes.

Examine the topic to get a better understanding of the specific field. After identifying a central idea of the business essay, search for the information relevant to your paper. There are plenty of data available online. Yet, books and journals from your local library are also great resources. While researching, note all the useful sources to find them again later.

3. Create a reference list.

In most essays on business, you’ll have to illustrate your points and provide credible sources. Thus, collect the bibliography to indicate all the required citations. It’s a good idea to compile the references before you begin writing. This way, you won’t have to rush to get it all together at the end.

4. Write a thesis statement and create an outline.

Just like any successful organization requires a business plan, your essay requires a solid outline. Create your objectives and formulate your thesis statement around them. Ensure that your points and supporting evidence correspond directly to your central idea.

5. Revise and edit.

Most school and college students don’t bother to double-check their academic works once they are done. However, only with revision and editing will your essay truly achieve success. Check for grammar mistakes and the flow of your sentences. Ensure the logical order of your analysis. If anything sounds off, better to change it before submitting it.

Even after reading these steps, you may still be at a loss as to how to write a business essay. Examples of works written by other students can help you analyze relevant ideas. You can peruse the ones we have provided underneath the article.

In the previous section, we mentioned that you need to create an outline for a successful paper. Thankfully, most essays have the same general structure they follow. We will analyze it in more detail below.

In essence, a business essay structure consists of the following:

1. Introduction. It is the place for you to explain the general idea behind your topic. This is also where you will provide a thesis statement. In the introduction, you will have to identify the central elements of the essay. Make sure you establish communication with the reader.

2. Background. You will always want to clarify specific terms or concepts essential to your audience. Thus, provide relevant definitions and context in your introduction or separate paragraph if your task allows it. For example, most people probably know what leadership is but will struggle to understand social responsibility. If you are writing a case study, important background information is necessary to include in your essay.

3. Main Body. Using your selected sources, create a detailed analysis of the topic. Make sure to incorporate:

• Arguments in favor of your position.
• Examples as evidence to support your claims.
• Counterarguments as evidence that you’ve examined the topic from different perspectives.

Don’t forget to include quotes and citations from relevant sources. These will provide credibility to your research.

4. Conclusion. In your last paragraph, provide a concise discussion of the separate points. Re-examine your thesis statement and reiterate it in different words. Summarize your findings and make sure that they relate to the purpose presented in the introduction.

Thank you for checking our recommendations. Below, you will find business essay examples on different topics. Good luck writing your assignment!

29443 Best Essay Examples on Business

Implementation of total quality management (tqm): toyota case study.

• Subjects: Management
• Words: 2733

The Flower of Services: Marketing Concept

• Subjects: Marketing

Intern Performance Evaluation at an Organization

• Subjects: Employees Management

Leaders are Made, Not Born: Examples and Debate Points Essay

Historical development of operations management.

• Words: 2180

Walmart Problems and Solutions Essay

• Subjects: Case Study
• Words: 1081

Managers Are Born, Not Made Essay

• Subjects: Organizational Planning
• Words: 1693

H&M Target Market Analysis – Case Study

• Subjects: Company Analysis

Impact of Culture on Communication Reflective Essay

• Subjects: Business Communication
• Words: 1153

“Men Make Better Leaders Than Women”: Discussion of the Statement

• Subjects: Leadership Styles

Samsung Company Main Challenges Essay

Apple company: problems and solutions.

• Subjects: Business Controversies
• Words: 1008

Management of KFC – Organizational Communication System

Apple strategic management: planning and management process — apple company essay.

• Subjects: Financial Management
• Words: 5021

Apple Corporate Strategy & Business Strategies Essay

• Subjects: Strategy
• Words: 1715

McDonald’s Marketing Plan and Strategy Report

• Words: 4291

Is Business Ethics an Oxymoron

• Subjects: Business Ethics

Apple Case Study

• Words: 3300

International HRM Case Study: Apple Inc.

• Words: 2234

Nestle: Production and Operations Management Analysis Report

Promotional techniques and target market of fruit juice.

• Subjects: Marketing Project

Real-Life Examples of Organizational Behavior

• Subjects: Employee Relationships
• Words: 1676

British Airways Challenges Report Example

• Words: 2845

Recruitment and Selection Process of Apple Company

• Words: 1163

The Difference Between Organizational Conflict and Misbehavior

• Words: 1114

Factors Affecting Employee Relationships

• Words: 6901

Objectives of Nike Corporation: Marketing Strategies Report

• Words: 1849

Recruitment and Selection Report Example

• Words: 2328

Anthropologie Retail Store Company Analysis

Mcdonald’s case study problem statement: improper resource management.

• Subjects: Company Missions

Apple Company and Its Impact on Society

Unitarist perspective vs. pluralist perspective case study.

• Words: 3685

McDonald’s Operation Management & Supply Chain

• Words: 2479

Apple External & Internal Analysis: Environment Analysis Research Paper

• Words: 2918

Nike Distribution Channels Essay

• Words: 1119

Apple Marketing Objectives and Strategies: Iphone

• Words: 3810

Organization Development: Define Open and Closed Systems

• Subjects: Organizational Management

Planning Recruitment and Selection in Human Resources Management

• Words: 1724

Cotton On: Growing Retail Brands

• Words: 2268

External and Internal Analysis of Starbucks

• Subjects: Recognizable Brand
• Words: 2391

Walmart Information System Processes Report

Justice theory: business ethics, utilitarianism, rights, caring, and virtue.

• Words: 3792

Defining and Measuring Capacity in Operations Management

Mcdonald’s ethical issues: examples of unethical marketing practices.

• Words: 17732

Pepsi Company Advantages and Disadvantages

Coca cola operations management and inventory.

• Words: 1192

The Four-Day Workweek and Its Positive Effects

• Subjects: Workforce

The Impact of Scientific Management in the 21st Century Essay

• Words: 2140

Back Bay Battery Strategic Innovation Simulation

• Subjects: Decision Making

Marriott Target Market Segmentation – Analysis Report

• Words: 1120

Robin Hood: Management Case Study

Importance of marketing in an organization.

• Subjects: Strategic Marketing
• Words: 1201

ZARA Logistics System & Transportation Strategy

• Words: 2578

Tesla Corporate Social Responsibility: Issues, Activities, and Strategy

• Subjects: Company Information
• Words: 1185

What I Learned in Human Resource Management – Essay

• Words: 5457

Porter’s Five Forces Analysis on the Hospitality Industry

Bmw: case study essay.

• Words: 1417

Organizational Communication Theories Report (Assessment)

• Words: 1500

Time Management Theories and Models Report

• Words: 3158

Why I Want to Study Marketing

• Subjects: Financial Marketing

Human Resource Management at the Apple Inc. and Sony Corporation

• Words: 3822

Food and Beverage Management

• Words: 1456

Tesco Strategy Analysis & Recommendations

• Words: 2283

A Clothing Boutique as a Business Idea

• Subjects: Entrepreneurship
• Words: 1227

Impact of Technology on Business Essay

• Subjects: Strategic Management
• Words: 1195

Satyam Scandal and Corporate Governance Failure

• Words: 1939

Starbucks Quality Management and Performance Improvement

• Words: 1440

Coca-Cola Business Communication in Practice

• Words: 2025

Issues and Recommendations for Apple Case Study

• Words: 1118

An Analysis of External and Internal Environments of McDonald’s

• Words: 2309

IKEA Human Resources

• Words: 2881

Fashion Clothing Company’s Financial Statements

• Words: 1124

Nicosia Model and Engel Blackwell Miniard Model of Consumer Behaviour

Entrepreneurial personality essay: traits & characteristics.

• Subjects: Management Theories

Concept of an Entrepreneur in Business

• Words: 2037

Samsung Company’s Management Information System

• Words: 2715

Nike Strategic Management: The Case Study Essay

• Words: 3907

21st Century Human Resource Management: Its Role and Changes — Report

• Words: 2796

Transformational Leadership Essay

• Words: 2428

Conflict Management Essay

• Words: 1422

Principles of Management in McDonald’s

Lululemon athletica: porter’s five forces analysis.

• Words: 2574

BP Oil Company Ethical Dilemma

• Words: 2280

The Role of the Business Communication

• Words: 1099

Coca-Cola and PepsiCo: A Comparative Study of Various Strategies

• Words: 7836

The Power of a Balanced Score Card: Apple Case Study

• Words: 2379

Application of the Porter’s Five Forces: Beer Industry

• Subjects: Industry
• Words: 1356

The Coca Cola Public Relations: PR Strategy and Examples — Case Study Example

• Words: 3954

An Ethical Dilemma Faced by Nestle: Case Analysis

Cosmetic industry five forces analysis.

• Subjects: Brand Management

Microsoft Essay

• Words: 1889

Aspects of the Diversification Strategy of Disney

Traditional vs. contemporary management approaches, occupational health and safety: the need and importance.

• Words: 2235

Nike Inc.’s Corporate Social Responsibility Project

• Words: 2252

The Importance of Management Theories (Critical Writing)

• Words: 1198

Nike New Product Development: Strategy and Ideas

• Words: 2600

Google Democratic Leadership Style – Compared to Amazon

• Words: 1203

Theory X and Theory Y Examples & Use in Management

• Words: 2598

Communication Is an Art Essay

• Words: 1745

Scientific Management and Human Relations

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How to Write Successful Business and Management Essays

• Patrick Tissington - University of Warwick, UK
• Markus Hasel - Management Consultant, Paris
• Description

A systematic guide to successfully producing written work for business and management degrees. The authors address the all-too-common pitfalls of essay assignments, as well as providing readers with a step-by-step programme to approach essay questions, both in coursework and exam contexts.

New to the Second Edition:

• Relevance of writing skills to employability highlighted throughout
• Additional content on researching a topic
• New content on adapting writing for different audiences
• New content on academic writing tips
• Addition of useful websites
• Additional coverage of plagiarism
• More on critical evaluation
• More on changing requirements through different levels of study.

Suitable for all business and management students looking to improve their essay writing skills.

Student Success  is a series of essential guides for students of all levels. From how to think critically and write great essays to boosting your employability and managing your wellbeing, the  Student Success  series helps you study smarter and get the best from your time at university. 

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This resource is a must for teachers and students alike. It is relevant and up-to-date on curriculum change and on disruptive technology impacting learning and teaching delivery. It will enable mastery of essay writing for life.

This book presents a much needed, well structured and extremely accessible opportunity to those seeking further guidance on writing essays.

This book is a must for students in higher education, not only those studying business and management but across the social sciences. It demystifies essay-writing by providing a practical and accessible yet rigorous guide to writing excellent essays.  It offers students a route to develop their own informed voice, a critical skill both in higher education and in the wider world of work.

A concise book to support this essential skill, step by step process to complete an essay in an easy read format.

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IB Business and Management EE examples

Filter exemplars, to what extent has satya nadella's transformational leadership style contributed to creating a "growth mindset" at microsoft corporation, how have amazon's market strategies contributed in successfully growing its e-commerce business internationally, want to get full marks for your ee allow us to review it for you 🎯, to what extent can four seasons hotel’s success be attributed to its corporate culture and isadore sharp’s leadership style, to what extent does market-oriented approach give netflix, inc. a competitive advantage in the streaming entertainment industry, to what extent will toyota’s diversification help increase business revenues and market share, fast track your coursework with mark schemes moderated by ib examiners. upgrade now 🚀, to what extent has the change in corporate leadership at apple inc. from steve jobs to tim cook impacted the company's innovation and product development, to what extent has the launch of disney+ proven successful in advancing disney’s digital presence and establishing market dominance in the subscription-based video on demand (svod) market, to what extent does vivienne westwood's sustainable fashion initiatives provide it with a competitive advantage over other luxury brands, to what extent has zoom’s freemium business model influenced its market leadership position in the north american video conferencing market from 2020 to 2021, to what extent has google's diversification into the wearables industry increased its profitability, how has apple used sustainable innovation to gain a competitive edge, to what extent have tesla’s distinct marketing strategies been effective at promoting its automotive business”, to what extent was amazon’s decision to expand into the physical grocery retail industry a successful change management strategy, to what extent can robert iger's leadership style influence the organisational culture and creative success of the walt disney company, to what extent can the growth of disney+ be sustained as the pandemic’s effects begin to wear off, to what extent have the corporate social responsibility (csr) policies of the body shop (tbs) have increased its customer base in the united kingdom (uk) cosmetic market since 2018-2020, to what extent has spotify’s podcast innovation been an effective growth strategy to increase its profitability, to what extent has innovation and product development contributed to apple being a market leader, how successful has netflix inc.’s content strategy been at ensuring market and financial growth, to what extent does nike's sustainability-driven emotional branding maintain customer loyalty, to what extent is apple’s success owed to the lack of competition, to what extent has fenway sports group’s acquisition of liverpool football club affect their management style, financial position, and financial efficiency, to what extent has amazon’s acquisition of whole foods influenced whole foods’s overall operations within the first three years of the acquisition (2017-2019), to what extent does the decision of lush to leave social media in november 2021 affect its brand image until today, how did the scandal at activision in 2022 affect its brand image, how have small businesses like fenty beauty and rare beauty evolved into large businesses using marketing strategies in social media, to what extent was the risk everything campaign successful in improving nike's brand image and increasing their football sales in 2014, how has airbnb affected the local housing market in two metropolitans - london and berlin, to what extent has the environmental policies of pepsico given them a competitive advantage, to what extent did amazon’s creativity on marketing mix strategies contribute to their early success on net sales since 1995, to what extent would the implementation of a strong human resource department in apple’s chinese factories affect job satisfaction and suicide rates, to what extent has spotify's product extension strategies helped it gain a competitive advantage over other streaming platforms, how successful is nike's approach to maintaining its brand awareness after being acknowledged for using forced labor in indonesia through a promotional approach on a marketing platform, to what extent have chipotle’s corporate social responsibility measures helped enhance its brand image and profitability since its e. coli outbreaks in 2015, to what extent does the implementation of herzberg’s motivation theories play a role in starbucks's retail operation and corporate success, han sido exitosas las estrategias de marketing que ha adoptado spotify para diferenciarse de sus competidores y consecuentemente aumentar su cuota de mercado, in what ways could adidas’ change in their marketing strategy help them become market leaders in the sports apparel industry, to what extent do the government regulations in the turkish pharmaceutical industry increase the vulnerability of pharmacies, to what extent can amazon's market share in australia be attributed to their distinct marketing mix, to what extent did the sustainability of nike affect their profitability in the sports apparel industry.

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• About IB , About the IB , Extended Essay
• March 26, 2023

The Extended Essay (EE) in Business Management

Written by : Sophie M.

Let’s start off with the basics…

The extended essay is an independent piece of research.

4,000-word paper.

Students are required to have three mandatory reflection sessions with their supervisors.

The final session, a concluding interview, is also known as viva voce (oral presentation)

The score a student receives relates to a band. The bands are:

• A – work of an excellent standard.
• B – work of a good standard.
• C –work of a satisfactory standard.
• D – work of a mediocre standard.
• E – work of an elementary standard

The Extended Essay (EE) in Business Management is an in-depth study of a focused topic that demonstrates your ability to conduct independent research and communicate your findings effectively. Here are some steps you can follow to write an excellent EE in Business Management (IB DP):

Choose a topic: You should select a topic that interests you and is relevant to business management. It is important to select a topic that is narrow enough to allow for a focused analysis but broad enough to have sufficient research material. You can consult with your supervisor or use resources such as academic journals and textbooks to help you identify a topic.

Define your research question : Your research question should be clear and specific. The research question should be based on a real-world problem or issue related to business management. Here’s a guide on how to refine your title.

Consideration 1 : Which Business Management units have you really enjoyed?

E.g. Marketing and more specifically Social Media Marketing

Consideration 2: A country, business, case study, relevant theory, strategy or model (although you don’t have to include every single one!).

Consideration 3: Typical question starters in Business Management EE research questions:

• To what extent…
• How effective was…
• How did [insert model/theory/strategy] contribute to the success of….
• To what extent can X be attributed to…
• Should X company implement X
• What was the influence/cause of X…

Narrowing down the research question:

Think of an inverted triangle, start off broad and slowly narrow the focus of your research question:

  Linking all the ideas from the inverted triangle we can come up with a general title of:

“How does Tesla’s effective use of social media marketing contribute to the company’s success in the electric vehicle industry?”

This is a great start but the question is far too broad, how could we refine the title even more? Let’s think about Tesla’s SMM what do you know about it? Start searching using internet resources…with caution.

There are several reasons why we should be careful when using internet resources, including:

• Accuracy: Not all websites provide accurate information. It’s important to verify the information presented and to check multiple sources to ensure accuracy.
• Bias: Many websites have a specific purpose or agenda (such as a blog), and the information presented may be biased or one-sided. It’s important to consider the purpose and audience of the website to determine its bias.
• Quality: Anyone can create a website, and not all websites are of high quality. It’s important to evaluate the credibility of the author and the website before relying on the information presented.

When considering the purpose and audience of a website, it’s important to ask questions such as:

• Who is the intended audience for this website?
• What is the purpose of this website?
• Is the author an expert in the subject matter?
• Does the website provide references or sources for its information?
• Does the website contain advertising or sponsored content that may influence the information presented?

To help refine the question we will use the following Forbes article: https://www.forbes.com/sites/johnkoetsier/2019/05/06/tesla-spends-zero-on-ads-heres-where-bmw-toyota-ford-and-porsche-spend-digital-ad-dollars/?sh=2734ac8711d4

As we can see from the information provided it is interesting to see that Tesla has spent zero dollars on paid campaigns!!!

Let’s use the question starter of “to what extent…” and add into the question our new found information about Tesla’s zero spending on SMM…

“To what extent does Tesla’s organic social media strategy contribute to the company’s success in the electric vehicle industry, despite its minimal spending on paid social media advertising?”

Is there a possibility that this research question might be too narrow? You may find in the process of researching that your research question is too narrow or there is not enough information or data available to answer your question. Don’t panic! Just add a comparative element. In the case of Tesla, we could compare how another auto brand allocates and spends money on its SMM campaign.

“How does Tesla’s organic social media strategy impact its success in the electric vehicle industry, given its minimal spending on paid social media advertising, compared to Toyota, which allocates a significant portion of its budget to social media marketing?”

Now that we’ve refined the question it’s time to:

Conduct research: You should gather information from a variety of sources, including academic journals, books, online databases, and other credible sources. You should critically evaluate the sources to ensure they are reliable and relevant to your research question (see earlier point about caution with online resources).

Fortunately, in the field of Business Management, we have the option to rely on secondary resources for our Extended Essay (EE). However, should you decide to incorporate primary sources, it would typically be to provide quantitative or qualitative data that can assist in addressing your research question.

Using secondary resources in your EE is essential to support your research and provide evidence for your arguments. Here are some tips on how to effectively use secondary resources in your essay:

• Choose reliable sources: When selecting secondary resources, it’s crucial to ensure that they are reliable and credible. Consider using scholarly articles, academic journals, books, and reputable websites. Avoid using unreliable sources such as blogs, social media, and personal websites.

Artistic materials/Letters/Tweets/Visual materials/Lectures/Broadcasts/Blogs/Audio materials/Interviews Maps/Advertisements/Graphics/Conversations/Charts/Photographs

Check out the IB guide on Effective citing and referencing, which can be found at:

https://www.ibo.org/contentassets/76d2b6d4731f44ff800d0d06d371a892/effective-citing-and-referencing-en.pdf

But don’t start writing yet. First you should note down:

Create an outline: An outline will help you organize your thoughts and ideas. It should include an introduction, main body, and conclusion. You should also include subheadings and bullet points to help you structure your essay. Check this outline with your supervisor.

Other things to include are:

• Which theory you used: e.g. SMM/motivational theories of HRM/strategic alliances…
• Give any definitions: e.g. what does BCG matrix stand for
• Methodology: e.g. secondary or primary/marketing mix/SWOT analysis

Write your essay: Your essay should be well-structured and clearly written. You should use evidence from your research to support your arguments and conclusions. It’s important to use academic language and cite your sources correctly.

Revise and edit: You should review your essay carefully and make any necessary revisions. You should also check for spelling and grammar errors and ensure that your citations are accurate.

Submit your essay: Once you are satisfied with your essay, you should submit it to your supervisor. They will review it and provide feedback to help you improve your work.

Remember, the EE in Business Management is a significant piece of work that requires dedication, time management, and critical thinking skills. It’s essential to start early and seek guidance from your supervisor throughout the process. Good luck!

IB Business Management EE examples.

In the link below: Four authentic examples of student EE in Business management can be found. These examples come with their respective RPPFs and examiner’s commentaries:

<https://ibpublishing.ibo.org/extendedessay/apps/dpapp/assessment.html?doc=d_0_eeyyy_gui_1602_1_e&part=1&chapter=4

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Home Essay Samples

Essay Samples on Business

The majority of essays on business will deal with more than one discipline because college professors will ask to explore it all from management styles and leadership to economics and corporate legislation. You may choose at least one subject by focusing on the various challenges related to business difficulties. Always start with the essay type that you must submit as it will help you learn more about the structure. See at least one free business essay example to learn more about the range of topics that can be addressed. Even if you are still undecided on your subject, study the structure and check how citations have been formatted. When you are starting with an essay on business, provide your readers with background information and an explanation of the problem. You may also talk about HR management issues or business processes that have already taken place. If you choose an existing business case study, think about the best solutions by explaining why they will work. It can become your thesis statement that will be supported in your body paragraphs. If there are opposite opinions, do not forget to include a counter-argument paragraph to keep your business essay unbiased as you explore!

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Business Management essay

June G. Park is the CEO of an international steel company that imports mostly to the US and Japan. He has successfully managed his company for the past 35 years. Mr. Park is also my father. Despite instructions discouraging us to interview someone close to us, I chose him because I am bent on following the path that he has taken; we also took up the same major in college (Business Management). Likewise I would also like to work under his company in the future, not only because it is our family business, but because I believe in its vision and I trust that I will be able to help the company reach new heights in the future. He is also my number one role model and I am convinced that it is essential for me to study how he has become a successful manager if I am to achieve a success of my own. Mr. Park is the epitome of a leader and is reputed to have earned the respect of his employees and even co-CEOs alike.

This is probably because of his intelligence and his personification of the values of honesty and diligence. He likewise has integrity, exemplifies morality and has an open mind. His people skills are also quite impressive. Despite being aware of his ever limited time, never did he make me feel that he was busy or was waiting for me to finish the interview as he had more things to do at work (I conducted this interview over the phone, as he is now in South Korea). These characteristics helped him in his struggle to reach the pinnacle of his success.

He was born in 1945 and is the fourth of five siblings. Growing up was difficult, as he was only 5 years old when the Korean war broke out. My grandparents had to go from one place to another just to seek refuge from the war and my father was a witness to the turmoil that has happened. Money and food was scarce while he was growing up, and so their family had to make do with the little that they had. Mr. Park, despite the hardships, was not resigned to his apparent fate. He was determined to get his family out of poverty. He studied well in school, which was easier said than done, considering that he had to work even as a child, just to have enough money for his allowance and even to help his parents pay for his tuition fees. He helped out in a local grocery store for most of his time as an elementary student. He eventually worked as a delivery and errand boy for stall owners in the city’s wet market.

Despite this, he was an A student most of the time. He even graduated at the top of his class during high school. He was able to earn a college scholarship and get into the highly competitive Seoul National University (SNU), widely regarded as the top university in our country. While at the SNU, he continued to be a working student, sometimes having to juggle with two jobs at one time. He struggled not only with managing his time, but, at least in the beginning, with the stigma that came with being someone from the Cholla region.

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Most South Koreans discriminate against people from this region as they are regarded as “socially inferior”. Despite this, he still became a popular a student leader, heading one Informational Interviews 3 of the academic clubs in the College of Business Administration for one year. After college, he started out as an administrative assistant for the same company that he is now heading. He has worked his way up through sheer hard work and determination. As you may have noticed, he emphasized the value of hard work and determination as keys to success. He also discussed the concepts of being at the right place and the right time in securing opportunities.

Moreover, he also described how one should always be driven with the passion to outdo himself in order to achieve success. Wan Hong Wan Hong was an international student in the US like myself. We met and graduated from the same college; he majored in Business Finance. I chose him to be an interviewee because I am amazed at how he was able to land a good job here during an economic recession and despite being a second language speaker. He has recently been hired with very good contracts by a prestigious international company in New York, KPMG. He also works as a tax and auditing consultant.

He exemplifies the kind of self-assurance that most men of his age lack. He is also a hard worker, a leader and is someone who has enough foresight as to be always well prepared for what lies ahead in the future. He is outgoing and has a strong network of friends. His energy was contagious and our conversations were lively and engaging, despite only held via electronic chat. He relates that it wasn’t easy when he was starting out in the US.

He was quite Informational Interviews 4 unsure of himself, being alone and away from his family. To a certain extent, he also had his share of discrimination for being a foreigner. But he was committed to not let all his and his family’s effort and resources go to waste in letting him have the opportunity to study in the US. So he decided to suck up all the negative emotions that he was feeling at that time and turn all that anxiety into positive energy. He then set a plan for success. Mr. Hong wanted to focus and ride on the leverage provided by one of the more undermined keys to success – networking.

He enjoyed reading Dale Carnegie’s “How to Win Friends and Influence People” as a kid and understood right then about the value of human relations and its influence to one’s success. He then set out a plan around this belief. He set out to maximize every opportunity to meet new people and establish relationships out of these, expecting to reap the rewards later on. Mr. Hong made it a point to make a good impression, make every individual he met special and establish a relationship with him/her if possible. So this he did, from his part-time jobs, to his classes, to his extra-curricular activities, to dormitory, up to his Sunday church service. In time, he had a such strong support group that he didn’t feel homesick anymore.

In fact, he began to see the US as his second home. According to him, this was his secret to success. His contracts came mostly from his friends’ referrals. The same goes for his earning a job at the prestigious accounting company in New York. He was referred by his former client to a friend at the firm.

This is also the reason why he naturally blended in at the said accounting firm. He always made it a point to regard everyone, regardless of position or status, as important. Insights I learned a lot from these two men and I am sure that these will help me on my way up in the future. Fortitude. You’ve got to have courage and determination in order to hurdle the setbacks that life throws at you. One has to be passionate enough and be so consumed by his/her will to succeed. Without this, one would easily give up at the first disappointment that comes his/her way. Value hardwork. Nothing in life is free, and there’s no such thing as a free lunch either, so one has to be prepared to roll up his/her sleeves and do his/her part to achieve success. Keep on studying. With today’s fast paced society, business has become more and more dynamic.

You’ve got to constantly monitor your market, your competitors, the economic and political climate, among other things, so as to anticipate what happens next in order to avoid being left behind and suffering losses from it. Work on your character. All these will be for naught if you don’t establish yourself to be a person of integrity. As they say, respect is not bought, it is earned. One will not earn the respect of his/her peers, workers, staff and even that of the community if he/she does not have a good character. Enthusiasm. It is said that nothing ever great was achieved without enthusiasm, and the Informational Interviews 6 success of these two men are cases in point. One should be driven, if not consumed, by what he/she wants to achieve and by his/her vision for the company or business.

Respect every individual that you meet. Treat every individual with importance, regardless of stature. You never know when and where they will return the favor. Don’t look for opportunities, make them. The average person waits for the right time and the right opportunity. Achievers don’t bother waiting – they make the opportunities for themselves!

Business Management essay

Business management is essential for me because I have a great desire to successfully manage people and business projects, as well as to develop effective business-related policies.  I want to major in business in order to pursue my Bachelor’s Degree and become a true professional in business management. The reason that I am applying for the scholarship is that it will help me to pay for my academic tuition, academic resources (books, programs, etc.) and spend much more time on my studies.

Today I have to work full time in order to advance myself with a degree in business management. I am currently pursuing my Associate’s Degree, but I am not going to stop my education. To become a true professional in business management, it is necessary to learn more about the key business strategies that will help to enhance management practices and develop the proper skills and abilities. I am going forward to achieve my Bachelor’s Degree.

I am currently pursuing a career course that will help me to advance my leadership and management skills and have the opportunity to work in an advanced management field.  My specific academic goals contribute to my professional growth. Some of my academic goals include:

• To develop effective leadership and management skills in order to apply these skills in practice;
• To improve my academic performance in order to become more professional in decision making and goal setting practices;
• To develop good technical skills in order to apply new technologies in business practices;
• To learn more about business management strategies that could be applied in practice;
• To learn how to identify and successfully resolve various organizational and business problems;
• To develop my communication skills that are necessary in achieving strategic goals;
• To learn more about strategic planning in business;
• To use my skills and abilities to continue maintaining a “B” average;
• To do everything possible to keep satisfactory attendance.

My career plans depend on my academic achievements and work experience. I know that business management is not an easy field to work in.  I will be focused on my professional development. My work experience involves dealing with conflicts within management, problem solving, decision making, critical thinking, discrimination, as well as personal development. I have been well trained to deal with standard operating procedures and implementation of such standards, to satisfy the Department of Defense and be in compliance with the established laws and regulations of our Federal Government.

In addition, I will do my best to develop professional skills in business management practices that will help me to make good management decisions in my future career. To be a good manager, it is very important to develop not only effective interpersonal communication skills, but also good intuition, which helps to make effective management decisions.  I need general knowledge in HR management, finance and accounting operations. I know that Bachelor’s programs in this field are effective in achieving the established academic goals. The greatest pleasure for me would be to pass exams successfully. I believe that my personal skills and abilities will be useful in achieving my academic goals. I am self-confident, hard-working and persistent. I know that to become a good manager I should study hard. I know that a good manager should be competent in three key areas: managing people; managing and developing processes and policies; and managing and developing oneself. I believe that my Bachelor’s program in business management will help me to develop the proper skills to become competent in the above mentioned areas. Today I pay due attention to my personal development. I successfully deal with stresses and conflicts. A good manager should know how to avoid stressful situations which may lead to conflicts in the workplace. Besides, I use my creativity in decision making process to demonstrate the best traits of my character. Innovative ideas in business management provide massive opportunities for successful implementation of the established strategic goals.

Thus, it is necessary to conclude that my specific academic goals and career plans will motivate me to study hard. I know that to become a professional in business management, it is necessary to never give up and be quick about solving any problem or overcoming any barrier.  I realize that my academic and career goals are the essential goals I should achieve in the nearest future. Achieving these goals will help to succeed in the realization of my personal potential in profession and career. Business management practices guarantee professional success if a manager is goal-oriented and creative. One of my great desires is to pursue my Bachelor’s Degree in order to become a true professional in business management. I believe that I will be able to apply my best skills and abilities to succeed in academic performance and become a well-trained specialist. My work experience will help me to be confident in everything I need to do to attain my academic goals and career plans.

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More From Forbes

Biz experts explain the balance between ‘leadership’ and ‘management’.

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Are you a leader, a manager or both? In today's marketplace, the lines of what it truly means to be successful at organizing and overseeing an effective, successful workflow system and inspiring change and innovation at an organization are often blurred.

Despite what some people may believe, the distinct skill sets that are key to moving a department or entire company ahead in a competitive marketplace don't necessarily go hand in hand. There is a reason why some organizations end up elevating the wrong team member to become a leader, manager or vice versa. It may not be the right fit at first, but there is hope.

No matter what your current role is at your place of business, any individual interested in enhancing their professional development as a well-rounded leader or manager should read further to understand the difference and how to maintain the right balance. Below, 10 experts from Forbes Business Development Council weigh in on the meaning of both.

1. Influencing Others And Ensuring Your Team's Success

This is a highly debated topic. Generally, most people point out that it's more important to be a good leader. However, I would argue being a good leader is needed to be a good manager. A leader is someone who has the ability to influence others. A manager needs this critical leadership skill set, but they also need to set KPIs and manage processes to ensure their teams succeed in their goals. - Andrew Davidson , Fastenal

2. Maintaining Workflow While Sharing Your Vision About The Big Picture

Think of management as keeping the gears turning smoothly and handling the day-to-day stuff efficiently. Leadership, on the other hand, is like setting the compass direction. It's about inspiring the team with a vision and steering the product toward big-picture success. - Naimeesha Murthy , Products By Women

3. Setting Priorities, Providing Inspiration And Advocating For Others

Management is often tasked with organizing the work, distilling priorities and advocating for the individuals on their team. Leadership is about inspiring the team, laying out a vision and setting the direction. They are different but connected—good leaders know how to do both, at the right times and in the right situations. - Toby Carrington , Seismic

4. Executing Initiatives Strategically To Reach Unified Goals

The difference between management and leadership is that management is more oriented toward developing a strategy and executing it. Leadership, on the other hand, is about inspiring others to follow a vision and work toward the same goals. - Diego Jerez , Option

5. Fostering Innovation And Establishing Company Culture

Management should be focused on performance and ensuring day-to-day operations are being executed according to plan. Leadership should focus on strategic development and the long-term vision of the company. Management prioritizes efficiency and productivity, while leadership should be concerned with fostering innovation, establishing company culture and inspiring others to drive positive impact. - Tim Conn , Image One Facility Solutions

Forbes Business Development Council is an invitation-only community for sales and biz dev executives. Do I qualify?

6. Challenging The Status Quo To Encourage Workplace Evolution

Management orchestrates processes, ensuring stability and efficiency. Leadership, by contrast, thrives on vision and innovation, challenging the status quo to inspire change. The essence lies in their focus: Managers aim to maintain, while leaders aim to evolve. This distinction is essential for navigating the complexities of a dynamic environment, requiring a blend of both to achieve success. - Eddy Vertil , Vertil & Company

7. Identifying Where The Balance Lies Between The ‘How’ And ‘Why’

I think of management as the operating system of a startup—ensuring things run smoothly. Managers are like the best software engineers; they write the code that keeps things humming along. Managers are concerned with the “how.” Leadership, on the other hand, is more focused on the “why”—why the company is doing what it’s doing and coming together to achieve a common goal. - Drew Chapin , Commerce Media Studio

8. Remaining A Well-Rounded Business Person And Human Being

Leaders rise to the top of organizations. Have you ever wondered how they do this? As we evolve from managers to leaders, I have found eight traits that stand the test of time: influence, integrity, authenticity, humility, compassion, vision, focus and humor - Mike Janes , Direct Line Global, LLC

9. Garnering Support And Respect From Your Direct Reports And Colleagues

Management is ensuring that your team is aligned with company goals and you have a structured process for everyone to be successful. Leadership can be expressed in any role. You can be an individual contributor and be a leader by creating a vision, inspiring people, building an army of supporters and, most importantly, executing. - Olga Lykova , monday.com

10. Organizing Plans And Facilitating Biz Efforts Through Team Buy-In

Being a manager doesn't mean that you are also a leader by default. Management is focused on the efficient execution of day-to-day operations. It involves planning, organizing, directing and controlling an organization to achieve its objectives. Leadership is about setting a direction, inspiring and motivating people to engage with that vision, and facilitating efforts to accomplish shared goals. - Egle Pavyde , hVIVO PLC

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So, Human Resources Is Making You Miserable?

Get in line behind the H.R. managers themselves, who say that since the pandemic, the job has become an exasperating ordeal. “People hate us,” one said.

By David Segal

Show of hands: Who’s fed up with human resources?

Maybe you’re irked by the endless flow of memos and forms, many of which need to be filled out, pronto. Maybe you’re irritated by new initiatives that regularly emerge from H.R., which never seems to run out of new initiatives, not all of them necessary or especially wise, in your opinion. Or you’ve got some problem with management and you don’t trust that H.R. representatives will actually help. They sure are friendly, but they get paid by the suits. In a crunch, it’s pretty clear whose side they are on.

The H.R. department bugs a lot of employees and managers, and it seems to have more detractors than ever since the pandemic began. That’s when H.R. began to administer rules about remote work and pay transparency, programs to improve diversity, equity and inclusion and everything else that has rattled and changed the workplace in the last four years.

But if the H.R. department is bothering you, here’s a fact you might find perversely consoling: You are not as aggravated or bummed out as the people who work in H.R.

That was obvious at Unleash, an annual three-day conference and expo held this year at Caesars Forum, an immense convention hall near the Las Vegas Strip. In May, the event brought together some 4,000 H.R. professionals from across the country. It was billed as a place where “global H.R. leaders come to do business and discover inspirational stories.”

It was more like a place where the H.R. department came to complain.

“Everything feels like a fool’s errand,” said Kyle Lagunas, a former H.R. executive at General Motors who now works at Aptitude Research, an H.R. advisory company based in Boston. He had just finished a highly animated presentation about H.R. tech in front of an audience of about 50 people. Now he sat in the designated media room and ranted a bit about the maddening challenges of running H.R. during and after the tumult of the pandemic.

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