• BBA in Finance
    Co-created with Jain University
    4.3 out of 5 by 211 learners
    2x
  • MBA in Investment Banking
    Co-created with Jain University
    4.5 out of 5 by467 learners
    2x industry demand
  • MBA in Fintech
    Co-created with Jain University
    4.4 out of 5 by 349 learners
    2x industry demand
  • Post Graduate Program in Business Management with NMIMS
    Co-created with NMIMS
    4.7 out of 5 by 669 learners
    4x Industry Demand
  • Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand
  • Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    4.6 out of 5 by 1421 learners
    6X industry demand
  • Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    4.6 out of 5 by 1139 learners
    4X industry demand
  • PG in Banking and Wealth Management
    4.6 out of 5 by 1429 learners
    3X industry demand
  • Post Graduate Program In Capital Markets
    4.7 out of 5 by 807 learners
    3X industry demand

Business management is a discipline that is devoted to analyzing, organizing, and strategizing various business operations. It includes plenty of things like money, machines, production, innovation, and marketing, etc. In a corporate environment, business management includes directing or leading the people and controlling or managing the organization.

There are a lot of branches of business management that serve different purposes. They are divided based on their core characteristics. However, some of their functions can overlap.

Types of business management

There are eight types of business management in total. These are:

  •  Financial management
  • Human resource management
  • Production management
  • Marketing management
  • Strategic management
  • Service management
  • IT management
  • Operations management

    Let us discuss them in detail.

  1. Financial Management: Financial management is one of the most important types of business management. It deals with finding the balance between profit and loss to understand the growth of the business. It involves coordination between accounting, banking, investing, etc. A business management course in financial management leads to jobs like finance officer, financial analyst, financial advisor, etc.
  2. Human Resource Management: Human resource management focuses on recruitment, management, and direction of people working in an organization. The main duties of human resource management are compensation, benefits, safety, and wellness implementation in the organization. Earlier human resource management was focused only on personnel administration. However, these days it also includes strategic utilization of employees and implementation of employee benefit programs to add value.
  3. Production Management: Production management involves decision-making about the manufacturing of products and services. Methods, Machines, Materials, and Money are the four M’s that production management revolves around. A business management course in production management ensures good scope in this field. To ensure that production is at the optimal level, production management focuses on inventory control and employee training. Research and development processes for the growth of the organization also come under production management.
  4. Marketing Management: Marketing management deals with the managing of marketing resources and activities of the organization. Strategy, brand management, pricing, etc. are all part of this branch of business management. Effective marketing management ensures maximum ROI for the business. The major areas of marketing management are competitor analysis, company analysis, collaborator analysis, and customer analysis. The scope of marketing management depends on the size of the business.
  5. Strategic Management: Strategic management involves the execution of strategic thinking in major activities of the organization. Many other branches of business management such as finance, operations, and marketing use strategic management for their optimal performance. It helps to see the ‘bigger picture’ of the organization.
  6. Service Management: Service management roles differ from organization to organization. Generally, it involves automated systems and skilled laborers for the effective execution of a task. It helps the business understand its products and services from the consumers’ perspective. A business management course in this branch leads to job roles like mechanical maintenance manager, service manager, Project leader – service management, etc.
  7. IT Management: IT management is the management of the technological resources of an organization. IT management modify the technology of business to align it with the strategies and goals of the business. Service, IT configuration, and financial management are the key elements of IT management. They implement and administer the information and communication technologies of the business.
  8. Operations Management: Operations management’s role is to ensure that all the operations in every department of the organization are running smoothly. It involves dealing with different processes, strategies, and departments. It makes sure that the development and utilization of resources are happening properly within the organization. The functions of operation management can vary depending on the business and industry.

 

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Placement Assistance
    BBA in Finance
    Co-created with Jain University
    Course duration(Months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.3 out of 5 by 211 learners
    2x
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Investment Banking
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by467 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Fintech
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.4 out of 5 by 349 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Placement Program
    Post Graduate Program in Business Management with NMIMS
    Co-created with NMIMS
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    ONLINE Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available MUMBAI Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    None DELHI Online
    Date Location Schedule
  • Certification
    Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1421 learners
    6X industry demand
    Upcoming Batches
    Date Location Schedule
    ONLINE Online
    Date Location Schedule
  • PRODEGREE
    Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    Course duration(Months)
    3
    Upcoming batches
    2
    Organizations enrolled
    20
    4.6 out of 5 by 1139 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    13th February ONLINE Weekend
    Date Location Schedule
    29th May ONLINE Weekend
  • Certification
    PG in Banking and Wealth Management
    Course duration(Months)
    2-3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1429 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    30th January LUCKNOW Weekend
    Date Location Schedule
  • Post Graduation
    Post Graduate Program In Capital Markets
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 807 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available ONLINE Online
    Date Location Schedule