Earning Business College Degree Essay
Earning Business College Degree in Business is Essential to be Successful in Business Many individuals decided to initiate their own business and starting a new business without appropriate knowledge of business management is not a viable approach. Dell, Intel, Body shop and etc are labeled as giant enterprises and their entrepreneurs are considered as successful entrepreneurs of the world.
Although none of these organizations is directly linked with business management but the implementation of business oriented strategies have brought a 360-degree change in these organizations and that is the reason why these organizations have climbed the ladders of success (Longnecker, Moore, Petty, & Palich, 2007). Their strategy makers and their think-tanks must have implemented efficient business strategies which they have studied somewhere in their educational careers.
The entrepreneurs of these organizations stressed on the policies and theories of business management and the employee’s implemented them and this enables the organizations to become a successful venture. That is the reason why young internet entrepreneurs who are technology oriented and knows all the aspects of technology cannot be that much successful in the corporate arena than an individual who knows how to do business and what are the key strategies that can be implemented
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There are different reasons that why a technology oriented entrepreneur must opt for an undergraduate business degree. Some of the most important reasons are listed below: 1. A business degree would enable an internet entrepreneur to adapt new methodologies of doing business. An entrepreneur can understand what management styles he/she can adapt to efficient pursue his/her business. 2. Marketing enabled activities and promotional schemes can be easily developed by an entrepreneur who possesses an undergraduate business degree. He/she can prepare internet marketing plans and can develop marketing strategies for his/her business.
3. An undergraduate business degree can easily provide sufficient knowledge of finance and accounts and entrepreneurs can prepare their financial statements because they have acquired the necessary know how of how to prepare financial statements. 4. A degree in business management transforms the entire mindset of individuals and an entrepreneur who is internet savvy can easily expand his/her thinking patterns and he/she would perform a cost-benefit analysis of nearly everything in life. This would help the individual in both the short and the long run.
Thus, in a nutshell we can say that earning a business college degree is necessary to be successful in business because a young entrepreneur can easily develop a business oriented background and although he/she possesses all the technical skills yet he/she is unable to perform the normal business operations in an effective and an efficient way. There are number of entrepreneurs in the world who have college business degrees and some do not have it. But entrepreneurs must acquire a business degree because they are entering into the business arena and they are starting a new business venture.
Technical knowledge is essential for an entrepreneur but knowing the basics of the business and the tips of the trade can also be beneficial for the entrepreneur. Therefore, every young entrepreneur must acquire a college business degree and he/she must apply the concepts and practices of business in his/her entrepreneurial venture. References Longnecker, J. , Moore, C. , Petty, J. , & Palich, L. (2007). Small Business Management: Launching and Growing Entrepreneurial Ventures. Ohio: South-Western College Pub.