Author: Hikeeducation

Let’s explore the diverse range of management courses after 12th that are available in India:

1. Bachelor of Business Administration (BBA)

After the 12th grade, one of the most popular courses is BBA.This three-year undergraduate program offers a comprehensive understanding of business and management principles.

Eligibility 

1. To enrol in this course, students must receive 50% of their class 12 grades.
2. You have to pass the university entrance examination

2 .Bachelor of Business Management (BBM)

BBM is another excellent choice for those interested in management courses after 12th. It’s a three -year full time long programme focused on entrepreneurial and leadership skills.  While similar to BBA, it offers a more holistic view of business management.

Eligibility

1. To enrol in this course, students must receive 50% of their class 12 grades.
2. Need to pass the entrance examination.

3. Bachelor of Management Studies (BMS)

A professional management degree in business of management, or BMS, offers in-depth understanding of business and management strategies. It’s a three-year programme offered by some of the top universities in India.It mainly specialises in HR marketing and finance.

Eligibility

1. To enrol in this course, students must receive 50% of their class 12 grades
2. Need to clear university entrance examination

4. Dual Degrees and Integrated Programmes

These management courses after 12th offer a unique opportunity to complete both undergraduate and postgraduate studies in five years. This course includes programmes like IPM at IIMs and it will save one year compared to separate UG and PG programmes.

Eligibility

1. To enrol in this course, students must receive 50% of their class 12 grades
2. Need to clear university entrance examinations like IPMAT

5. Bachelor of Hotel Management (BHM)

For those interested in the hospitality sector, BHM is one of the specialised management courses after 12th to consider. It’s a three year course mainly focused on hotel and catering management. Varieties of career opportunities are there like hotels, resorts,and restaurants.

Eligibility

1. To enrol in this course, students must receive 50% of their class 12 grades
2. Need to clear university entrance examinations like National Council for Hotel Management, AIMA UGAT.

6. B.Sc in Management

Bsc management courses after 12th combine scientific principles with business management. It’s a three year programme open for students in all streams .B.sc in management specialised in hotel management, airlines, and airport management and provide a unique blend of scientific and managerial skills.

Eligibility

1. To enrol in this course, students must receive 50% of their class 12 grade.
2. Need to pass university entrance examination

The following table is some of the most important MBA entrance tests in India:

When mastering MBA admissions, understanding the different types of MBA programmes is essential. Each programme caters to various needs and career goals. Here are the primary types:

1. Full-Time MBA: The traditional MBA programme typically lasts two years. Students must dedicate their full time to studies, internships, and projects. It’s ideal for fresh graduates or professionals with a few years of experience.
2. Part-Time MBA: Designed for working professionals, this programme allows students to continue working while attending evening or weekend classes. It usually takes three to four years to complete.
3. Executive MBA (EMBA): Tailored for mid to senior-level professionals, the EMBA programme focuses on leadership and advanced management skills. Classes are often held on weekends or in intensive modules.
4. Online MBA: For those who need flexibility, the online MBA offers the convenience of studying from anywhere. It’s suitable for working professionals and those with other commitments.
5. Global MBA: This programme is aimed at those looking for international exposure. It includes study modules in different countries and offers a global perspective on business.

Here are some key features of the MBA entrance exam that can be understood easily.

Please Note: The fees and salary are subject to change via time.

Here are some key points to understand the importance of managerial economics.

1. Decision Support: Managerial economics offers a decision-making structure for complex pricing, production, investment, and resource allocation choices. Using economic features ensures managers make informed decisions that align with the organisation’s objectives. 
2. Resource Optimisation: Managerial economics’s key component is optimising resources through cost-benefit analysis. Managers can use efficient resource allocation to maximise output while managing costs.
3. Maximising profit: Managerial economics pursues profit maximisation, aiding businesses by analysing market conditions, producing cost-effective methods, and identifying optimal pricing strategies. This is beneficial for an organisation’s long-term growth and profitability.
4. Market Analysis and Forecasting: Managers support managerial economics by analysing current market conditions, understanding consumer behaviour, and predicting future demand for products and services. This information is vital for developing and maintaining effective marketing strategies in the business market.
5. Risk Management: Managers face risks and uncertainties in the evolving business environment. At this point, managerial economics helps evaluate and manage these risks by performing risk analysis and making quick decisions under uncertain conditions or decision-making processes.

Logistics refers to the process of planning, implementing, and controlling the efficient movement and storage of goods, services, and related information from the point of origin to the point of consumption.

It’s primarily about transportation, warehousing, and distribution.

Supply chain management (SCM), on the other hand, encompasses a broader range of activities. It involves the coordination and management of the entire supply chain, from raw material procurement to the final delivery of the product to the consumer.

SCM integrates various processes such as procurement, production, distribution, and sales.

To ensure successful strategy implementation, organisations typically follow these seven key steps:

1. Set Clear Strategic Goals

Initially, it’s crucial to establish clear, achievable goals within the constraints of time and resources. These goals should align with the overall strategic vision. At the same time, identify potential obstacles and develop contingency plans. This proactive approach in the strategy implementation steps helps in navigating unforeseen challenges.

Key points:

1. Set realistic and attainable goals
2. Align goals with strategic vision
3. Identify potential obstacles
4. Develop contingency plans

2. Determine Roles, Responsibilities, and Relationships

The next step in the strategy implementation steps is to clearly define roles and responsibilities. Communicate the implementation strategy to your team and establish what each department or individual will be responsible for. Because of this clarity everyone will be able to understand their role in the bigger picture.

Key points:

1. Define roles and responsibilities
2. Communicate implementation strategy
3. Establish departmental responsibilities

3. Delegate the Work

As roles are established, give team members particular responsibilities. During this stage of the strategy execution process, make sure that every person understands their role and how it fits into the bigger picture. It is essential to communicate deadlines clearly in order to maintain project momentum.

Key points:

1. Assign specific tasks
2. Explain task relevance to the overall goal
3. Communicate deadlines clearly

4. Execute the Plan, Monitor Progress, and Provide Continued Support

These are some of the critical facets for purposes of the strategy implementation steps. Equip your team with all that he/she/they requires so as to perform his/her/their assignments. It is critical to stay connected with other teachers and students frequently to notice the outcomes and solve new problems as soon as possible.

Key points:

1. Provide necessary resources
2. Conduct regular progress checks
3. Address issues promptly

5. Take Corrective Action

Flexibility is a crucial aspect of successful strategy implementation steps. As challenges arise, be prepared to adjust your approach. Regular updates to the team and stakeholders about any changes in the process are essential to maintain alignment and support.

Key points:

1. Be flexible and adjust as needed
2. Communicate changes to team and stakeholders
3. Maintain alignment with the overall strategy

6. Get Closure on the Assignment and Clarity Regarding the Results

As the project nears completion, ensure all team members feel their work is complete. This step in the strategy implementation steps involves confirming that all objectives have been met and no additional resources are required.

Key points:

1. Confirm project completion with team members
2. Ensure all objectives are met
3. Verify no additional resources are needed

7. Conduct a Review of the Process

Reflecting on the entire process is the last phase in the strategy implementation process. Review everything carefully to determine what worked and what needs improvement. These observations are very helpful in improving the execution of strategies in the future.

Key points:

1. Review the entire implementation process
2. Identify successes and areas for improvement
3. Use insights to refine future strategies

Below are the key parameters to consider when applying for an MBA programme.

Please Note: The fees and salary above are subject to change via time.

When asked “why you choose finance in MBA interview question,” it’s essential to provide a well-thought-out answer. Here are some points to consider:

1. Passion for Numbers and Analysis: Express your interest in working with numbers and your enjoyment of analysing data to make informed decisions.
2. Interest in Financial Markets: Demonstrate your enthusiasm for understanding how financial markets operate and your desire to learn more about investment strategies.
3. Desire for a Challenging Career: Highlight your readiness to take on the challenges and responsibilities of a career in finance.
4. Influence of a Mentor or Role Model: Share any personal experiences or influences that steered you towards finance.
5. Future Goals: Discuss how an MBA in finance aligns with your long-term career goals.