Business Studies, Internships, and Their Significance

For an aspiring entrepreneur or someone taking over the family business, a formal business education acts as a supplement to the skills needed to run or manage a business or a company. Learning about the various divisions and workings needed for the successful running of a company through business studies enables the learner to augment efficiency all the way through. While thinking about enrolling in a business study, the foremost aspect that has to be decided is the course or study. For a beginner, a simple and basic bachelor’s course provides a good and stable foundation. For more advanced learning and knowledge, a higher level of learning can be opted for, like a master’s program that offers specializations in specific areas, which enables the learner to study and specialize in the field of interest and area of likeness that can virtually unlock access to a good number of potential job and career opportunities.

Students who already hold a graduation certificate can look for a master's or postgraduate degree in certain specific areas. These Post Graduate Diploma business study programs are designed in such a way that students get acquainted with both the theoretical and practical aspects. In practical studies, practical learning is carried out through lectures on specific subjects and topics, studies, and real-time projects, while theoretical study is based on classroom academic teaching. Practical learning more often encompasses handling projects with real-time clients that are carried out in groups. Once the student completes the academic study, an internship for a stipulated amount of time normally lasts from a few weeks to months, depending on the course and field of study. Through the internship, a student will practically understand the daily operations of the industry and that particular sector and gain real-time experience. Hence, almost every graduating college and university has included internship as a mandatory element in the curriculum, without which the course study shall not be considered complete.

Reputable and high-end business houses and similar organizations, apart from their usual business activities, place a focus on the development of their staff by preparing them and ensuring that they possess the top-level knowledge and skillsets required to excel in the industry’s competitive environment. In order to accomplish these goals, they encourage the staff to enroll in a fitting course that may help augment their skillsets for better career development. Located in Singapore, Ascensus Institute, one of the pioneers in advanced business studies, has been offering WFQ and SFC government-funded courses as well as academic courses such as the Certificate in Business Management and allied courses. It also offers bachelor's and Business Operations Courses that are tailor-made for aspiring students who wish to enhance their skillsets and knowledge for a better career prospect.

Professionals with the ability to influence how organisations perform are in high demand in today's fiercely competitive, digitalised, and networked world. With the help of the Diploma in Business Management, learners (students) will gain a solid foundation in business, a cutting edge understanding of digital skills and related management skills adapted to the requirements of the digital world, and a holistic perspective. It will also assist learners (students) in cultivating an entrepreneurial attitude.

Modules

1. Business Finance

It is fundamental that business owners require their managers to comprehend the financial decision-making. To do that, the latter should become familiar with the basic configurations a firm might choose and the objective of the finance, which is to achieve financial sustainable and the business’ financial health. This module ays down the knowledge on financial statements and how to use financial analysis methods to assess a company's financial stability. One will be given the opportunity to investigate ways to invest money over time to generate values using various emerging FinTech applications.

2. Digital Skills and Professional Development

The challenges posed by the COVID-19 pandemic require that professionals and executives adapt to the current business environment. The radically changing business conditions require company managers to develop and employ the intangible qualities and attitudes in handling problems and conflicts, now more than ever. The learners (students)will have the chance to develop basic professional "soft" skills like critical thinking, negotiation, communication, and team building to meet present and future organisational requirements.

3. Economics and Business Perspectives

Businesses integrate cross-disciplinary knowledge with practical skills to differentiate themselves from the competition. Executives and managers need to understand contemporary issues confronting business from a range of disciplines and stakeholder perspectives and its environments. In this module, the learners (students) will gain a better exposure to the many issues that executives, business managers, and organisations are confronted with. In additional, there are opportunities for learners (students) to learn about the critical skills and technology required to succeed as a manager and leader in the modern business world.

4. Human Resource Management

It has been said that employees are the best assets that a company should nurture. It is therefore mandatory for business executives and managers to master a practical knowledge of business and human resource best practices and policies. The current state of the HRM profession, and the international framework for HRM, are analysed critically. In this module, learners(students) are expected to gain the ability to analyse organizational-wide challenges and concerns related to human resource management.

5. Infocomm Technology and Innovation

Information and Communication Technology (ICT) and Innovation has altered how businesses operate internally and the structure of their markets. As a result, all business personnel must be familiar with the foundations of information systems, digital technology, and their impact on the organisation's functional domains. This module examines the modern corporate environment and the ways in which technology is interwoven into business, government, and community processes.

6. Fundamental Marketing Management

In any event, everyone in a firm needs to be aware of its marketplace operations because they are all directly responsible for finding, connecting with, and satisfying customers. This module provides a thorough introduction to the role marketing plays within organisations, including fundamental marketing principles, practices, and strategies. The module Is designed to provide learners(students)with essential knowledge of the marketing theory and how the internal and external market environments impact the strategy formulation and execution of a significant proportion of economic activity in developed and less developed economies around the world. Learners (students) are given the opportunity to be familiar with the marketing funnel, its stages, and delivery. They will be able to put essential marketing principles into practice in a real-world situation.