Management Education Courses

The field of management is vast leaving students with educational options from general management to risk management. Students seeking a degree in management will find that courses are broken down into general business and concentrated studies. General business courses are included into every concentration. Concentrated business courses are taken as part of a specific degree.

Through courses students will learn to incorporate general business knowledge with specific leadership skills. The field of study emphasizes the application of business knowledge, economic issues, and employee care. Each degree concentration focuses on different skills but all provide students with the ability to step into a career as a manager.

General Business Courses Can Include:

Finance for Business
The elements of finance are explored in regards to management. Subject areas include financial markets, tools, procedures, and techniques used to make financial decisions. Students learn how to analyze, plan, and work with areas like budgets and international finance risk.

Principles of Economics
Courses focus on the different theories of microeconomics and macroeconomics. Students look at the issues affecting the industry like trade agreements, Consumer Price Index calculations, and labor demands. This introductory course teaches students to explain how economics affect how decisions are made and determine how the change in pricing can directly influence the business market. Topics like Federal Reserve and economic health are discussed.

Accounting
The basics of financial accounting are examined in regards to identification and measurement. Through the focus of effective management, students learn how to work with financial information and make decisions. The accounting process is looked at, which includes topics on financial statements, retained earnings, and closing balances.

When students start concentration courses the focus shifts from general application to specific management duties. Degree concentrations in organization, risk, project, organization, conflict, and restaurant management all have different required courses. Concentration courses stress fundamental managing techniques and career responsibilities. Courses for some concentrated areas may include:

Project Planning
The best procedures and professional standards for project management are incorporated into a general eight-part management plan. Students learn how to establish a project charter and goals. This is used to work towards completing a project on schedule, which includes topics on scope statement, baseline, control, and development. A course like this is focused on teaching students management skills that help them keep a business and its employers on track.

Corporate Risk
In order to avoid monetary harm students learn how to create a plan in a risk management concentration. A risk course will teach students how to identify, measure, and manage risk. Subjects include different types of risks, measurement procedures, and plan techniques.

Conflict Management
Courses in conflict management prepare students to handle conflict among stakeholders inside an organization. The nature of the conflict, how to design a solution, and how to resolve a dispute are main areas explored.

Industrial Management – Online Study Programs

Operations of industrial production equipment and employees have to be managed to create a safe and productive work environment. To implement correct process and procedures in a managerial way professionals have to have a certain level of knowledge. Students interested in overseeing industrial technology can enter numerous study options in industrial management. Many online schools offer specific degree programs for this career field.

In order to fully grasp the responsibilities that are handled by industrial manager’s students need to obtain a certain level of industry knowledge. This includes not only understanding the engineering side but also the leadership side of being a manager. Students can enter programs that teach them both aspects of the field. Being a boss means being able to maintain all areas like:

equipment
mechanical production
inventory
staff
budget

and more. These aspects are utilized together to work directly with employees and the industry. The skills obtained from schooling prepare students to manage production and design quality as well as maintain production equipment. Students should be prepared to study all of these areas and more when they enter an online study program.

Starting education can be overwhelming with the considerable amount of options available from online schools. To narrow down the choices students should figure out what type of degree they would like to complete. This decision can make the process easier because if students want a bachelor’s degree they can specifically look for a bachelor’s degree. Students can choose to enter an online program at the:

associate’s
bachelor’s
master’s

degree level.
Instruction varies from degree to degree but students will learn about the industry and how to become a leader. A higher degree program incorporates advanced techniques and procedures. Earning a graduate degree often times results in a higher annual salary, top-level careers, and more responsibilities.

It takes two years on average to finish an associate’s degree. Online associate’s degree programs are designed to help students learn specific skills in order to function cooperatively with staff and work properly with the industry’s technology.

Industrial leadership
business law
production analysis

and more are some courses students may take to learn central concepts. An industrial organization course explores the theories about free markets and how government policies influence those markets. Market structures and regulatory principles are topics that help students understand the overall theme of the course. Further education at the bachelor’s or master’s degree level presents more in depth study to prepare students for more responsibility.

Inside bachelor’s degree programs students spend four years studying and gaining technical and leadership capabilities. The first two years of online study focus on engineering and the last two years focus on business. Engineering studies give students the necessary skills to understand how to use production equipment and technology. The business focus of this type of degree online teaches students the management skills required to oversee all procedures and employees. An industrial technology course explains to students the statistical analysis of production and the mechanical systems of engineering. Students interested in director and executive positions should consider continuing education and earning a master’s degree.

The Best Education For Managers

Crisis in management education

There is no consistency today in the way we educate managers. Larger organizations tend to have more comprehensive programs. If we look at the business results of the past year it will show that these programs have not been very successful. In the US over 99.9% of all organizations have less than 500 workers. Many of these organizations have little to non-existent management education. There is a great opportunity now to improve. Most of the big companies use the traditional approach. Their managers are given a combination of classroom education, role plays, and outside experts with their theories. In many cases there is little follow up and measurement around the results of the education.

What does the BEST management education look like?

The BEST management education consists of a combination of classroom discussions and real life practice. While some background theory is important, it is better to have discussions around management practices and different approaches. The problem with traditional management education is that it is standardized and designed to fit all employees at once. For example, a new manager is having attendance issues with an employee. The traditional advice is to warn the employee that his behavior will lead to punishment if not corrected. Then managers are given exercises in class to try their skills at giving tough messages to make believe employees. Managers learn the right way and the wrong way and the training is complete. Unfortunately correcting human behavior is more complex.

Management is both an art and a science

Socrates had it right when he said asking questions was the best strategy to lead people to where you wanted them to go. Management education should be focused around discussing many possible solutions and strategies that might be different for each situation. Most HR policies tend to use the same rules for all people but people are different and have many different issues and managers must learn how to approach each person in a unique way. I had an employee once who was always late.

My peer manager suggested this person was lazy and I should punish him. I took a different approach. I sat down with this person and showed empathy. After asking many questions, I discovered this person was caring for ailing parents at home and his life was just overwhelming. We worked out a new schedule which allowed this person to come to work a little later in the morning. This gave him time to take care of his parents until a nurse arrived. As a result, his productivity soared and he was never absent again. Under a strict set of policies this person would never have been given a second chance.

Invest the time to educate mission, values AND behaviors

Did you ever notice families with well behaved children who just seemed to know what to do at all time? They were very independent and almost seemed too mature for their age? This was a result of good parenting which I suspect was a combination of paying a lot of attention to the goals of the family, values, and what was expected. At work adults are just like children but with bigger bodies. All adults require care, opportunities to thrive, and strong and open communications.

Empty organizational mission

Many organizations invest the time to place charts around the building describing what the organization stands for. Missing are the charts reflecting organizational values and expected behaviors. Best manager education invests time getting people to do more than just memorize the organizational mission. Best manager educational programs discuss why the organizational mission is important and what the organizations’ values are. For example, if the organization says serving the customer is the most important value, there are countless definitions and examples of what this means. Finally, people are clearly given examples of what behaviors are expected to support the mission and values. In the above example, people are told that they are expected to make decisions at the lowest possible level using creativity when solving customer problems. This BEST manager education makes work come alive for people.

Measure for development not for rewards and silly contests

The best way to destroy management education is to surround the activities with rewards and silly games. For example, I can remember one program which gave tests and the managers who scored the highest were given dinner coupons. I can remember another program which gave out candy and movie tickets in class for participation. The BEST management education activities are open to all employees and have follow up opportunities after class to manage!

Everyone can benefit from management education

Many organizations only offer their management education activities to their star performers, emerging leaders, and other equally silly and useless categories. First, the BEST system gives opportunities to all people to go through management education. The BEST management education figures out a way and then process to enable all people to manage right after the education. In some cases, people will directly lead others. In other cases, people will lead projects. For the majority of people they will be allowed to manage their own work free from micro-management, limited decision making ability, and free from the threat of punishment AND the promise of reward.

Effective Business Management Unites Education and Training with Corporate Coaching

Business management spends billions of dollars in corporate training and education. According to a report released in early 2006, the U.S. corporate education and training market exceeded $46 billion. Additionally, business management and leadership training captured the largest percentage of program dollars with developing new and existing management along with succession planning. (Source: Bersin & Associates)

With training budgets increasing and the additional focus on leadership and management development because people do not leave organizations they leave managers, achieving higher levels of positive return on investment (ROI) makes sense. Research supports that to increase training ROI begins by including coaching as an effective tactic.

In a 2001 study completed by Dr. Merrill Anderson, of MetrixGlobal, for a Fortune 500 company coaching can produce a 529 per cent ROI. Additional studies since that time confirm the positive affect of coaching. Business management executives are now employing a new learning strategy that combines education and training with coaching. This is initiative is corporate coaching. So what is corporate coaching?

Simply speaking, corporate coaching extends existing learning or what some call training by infusing one on one executive coaching within the education, training and development sessions to achieve performance improvement that generates a positive ROI. Corporate coaching is always aligned with the strategic plan and the organization’s current goals and provides a vehicle to reinforce current learning as well as a way to make necessary course corrections through both individual and team perspectives. Corporate objectives are achieved much quicker allowing for a better competitive advantage.

NOTE:What corporate coaching is not – any program that cannot be aligned to the strategic plan and lacks a structured process that does not focus on pre-determined measurable results.

How does corporate coaching work? The answer to that question is “that depends.” Corporate coaching is flexible and may be included within the training schedules or upon completion of the training. The real issue is to find a corporate coaching process that is results focused and uses proven tools that build the What’s in it for me (WIIFM) leading to the What’s in it for us (WIIFU). Effective corporate coaching works to further internalize the identified learning objectives and quantifies those efforts on a regular basis through consistent goal achievement.

How do I find a corporate coach? That is a very good question since many coaches whether a certified coach or not are now offering corporate coaching services. Possibly, the best way is to find a coach who:

Is results focused
Has a demonstrated record of success that is quantifiably measurable
Has both proven developmental processes and tools that work with the strengths of your organization.

Remember, companies win because of their strengths not their weaknesses. Corporate coaching allows you to further capitalize on those very strengths that made your company what it is.