Thursday, April 17, 2014

Business Administration Offering Offers Wide Breadth of Knowledge

At Centennial College, the Business Administration diploma program is an all-encompassing offering that trains students to become front-line managers of business enterprises in all types of industries. During the three years they spend in the offering, students gain an all-around view of the business world by covering managerial practices in areas including: finance and accounting, management information systems, general management leadership, operations management, human resources management, marketing, international business, entrepreneurship, supply chain management and project management.

The training is delivered through a hands-on perspective, which sees students gain sold theoretical training and then apply it to rigorous problem solving, effective business presentations.

Here is a look at some of the specific courses within this offering that demonstrate just how wide of a range of topics it covers.

Fundamentals of Business: This is a first-semester course that offers a base by discussing the global factors that impact Canadian firms, and how business activities link to resources around the world. The course begins with the study of the various aspects of the creation of a business operation and how this process is affected by the knowledge and understanding of both domestic and global economic environments as they impact all Canadian enterprises. These topics lead to the more detailed study of the major activities undertaken by all enterprises.

Principles of Microeconomics: Among the topics covered in this course are: the behaviour of individual consumers and business firms as they try to deal with the fundamental problems of what commodities a society should produce; how to produce these commodities; for whom should these commodities be produced; how prices are established by demand and supply conditions in various types of market structures; and how firms make output decisions based on the demand for their products, and the costs of inputs to produce these products.

Principles of Marketing: As an overview course, this aspect of the program looks at contemporary marketing, emphasizing the management of the product/service, price, promotion and distribution areas of an organization within a changing environment.

Financial Accounting Concepts: The course demonstrates the use of accounting information to make better judgments and decisions about the organization. The course introduces accounting to those people who need to have an understanding of the subject without going into a lot of technical detail.

Developing a Business Plan: Students learn about small business ownership as a career option. It is included to assist students to critically analyze small business situations and, to have them prepare a business plan for a new venture of their choosing.

Grads of this particular Business Administration college have the know-how to launch careers in personnel management, general administration, sales, purchasing, accounting and finance, general and public administration as well as small business or franchise management.

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