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Business studies, often simply called business, is a field of study that deals with the principles of business, management, and economics. [1] It combines elements of accountancy , finance , marketing , organizational studies , human resource management , and operations .
At secondary level, Business Studies, as it is often called, typically combines elements of accountancy, finance, marketing, organizational studies, human resource management and economics. [1] The range of topics is designed to give the student a general overview of the various elements of running a business.
Business and management research is a systematic inquiry that helps to solve business problems and contributes to management knowledge. It Is an applied research. Four factors (Easterby-Smith, 2008) combine to make business and management a distinctive focus for research : Transdiscipline approach
An academic discipline or field of study is known as a branch of knowledge. It is taught as an accredited part of higher education . A scholar's discipline is commonly defined and recognized by a university faculty.
Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Whereas, "Business studies" is a diverse academic subject, taught in educational institutions, which teaches students with a wide variety of topics from Business history, Entrepreneurship, Ratios and Advertisements to Supply chain management.
Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a ...
The degree is designed to give a broad knowledge of the functional aspects of a company and their interconnection, while also allowing for specialization in a particular area. The degree also develops the student's practical, managerial and communication skills, and business decision-making capability to succeed in the competitive world. [10]
Basic research advances fundamental knowledge about the world. It focuses on creating and refuting or supporting theories that explain observed phenomena. Pure research is the source of most new scientific ideas and ways of thinking about the world.