Effect of Business School Management Learning

Name
Institution

Essential Expectations of an Economics Curriculum
The hope of any economics curriculum designer is that at the end the student will have a distinctive combination of evaluation, analysis, and critique skills. Additionally, a curriculum is designed to bring about a combination of sensibilities that enable students to engage with the development of both political, economic, and historical processes. As such, the completion of an economics course should see the student learn how to appreciate the variety of problem-solving and decision-making skills needed for the improving the effectiveness of crucial development interventions and the ones needed for engaging the society’s institutions in particular. The student must also learn to recognize the intrinsic essence of social institutions to the identities, values, and meaning of people and how such people make sense of the things which happen to them and others. The economics curriculum is also aimed at ensuring students appreciate the manner in which social institutions determine the risk management. Risk management in economics school and in the world always involves mobility and survival of economic various entities. Therefore, the students appreciate conflict mediation, the transfer of ideas, and the delivery of strategies to deprived entities. A student must also learn how to articulate the important issues that surround the assessment of the efficacy of various projects. The coursework expects to produce a graduate who can demonstrate the different ways in which the research, development theory, and policy from a variety of sectorial and disciplinary perspectives can be integrated usefully and coherently. A person is taught how to incorporate various forms of evidence from primary, web-based, and secondary sources and articulate such ideas to a different group of listeners. The ultimate goal of any economics curriculum, therefore, is to reimage development for this century.
More expectations at school include the student’s ability to struggle with abstract ideas, marshal concrete evidence from different origins, and use such ideas and evidences in concreting and complexing policy problems in a developing world. While most economic programs lack formal prerequisites, students are still expected to increase their levels of conversance with major issues and theories relating to matters of decision-making such as marginalism, opportunity cost, and efficient markets. Additionally, there is usually a high level of emphasis on the integration of various theoretical and methodological perspectives from across various bodies of knowledge including social, political, and actuarial sciences. Students trained in the economics discipline are also expected to attend classes on weekly basis and learn from each other to harness their diverse backgrounds. This feature is a key concept in most schools and is aimed at giving students the experience necessary to handle matters of diversity and international relations as a key eye-opener in the practical world.
From the beginning, students need to be informed about the importance of maintaining respect for potentially radical and diverse views which may be voiced during the course. The practical application of skills depends on the confidence to attempt measures outside the bounds of conventional business operations. Some of the ideas that are considered controversial usually aid in the creativity process which, of nurtured, has potentially useful applications
Decision making
Opportunity cost
Marginalism
Efficient markets
Undergraduate economic curriculum
The relevance of business education in real life
Business education is broadly acknowledged as a real and effective pivot for the growth of skilled or professional manpower in all the facets of commercial, managerial and industrial areas. Osuala (2004) asserted that the introduction of business studies emphasizes the need for equipping the youth or learners with experience that furnish them with saleable competencies and skills. Business activity influences people’s daily lives as they travel, work, spend, save, play and invest. Business affects incomes, opportunities, and jobs for personal development. A business also has an important effect on the quality of life, the standard of living and on the surrounding or environment where people live.
Business education involves not only studying individuals, organizations and communities but also involves assessing and evaluating their problems and needs, in addition to generating solutions. The subject helps in building a strong background for the learners who have ambitions of furthering their training and study in specialized fields such as marketing, management, accounting, entrepreneurship, communication technology among other fields. Again, it helps in providing practical skills for the learners who have the desire of moving straight into their places of work.
Generally, business education endows the learners with a new and practical context for the other subjects they have learned such as science, mathematics, language, social studies, and technology. It helps the learners in recognizing the relevance or applicability of these subjects whenever they are used in the business world. Business education demonstrates how various subjects of study can coalesce in an industrious and productive activity. It gives an increased comprehension of mutual reliance through business approach, as individuals become increasingly reliant on others. Being also a dynamic field, business education is a significant tool to build and cultivate skills to deal with change.
Business education helps the learners to develop the following skills:
Communication
Communication skills are essential for success in any field. It develops the learner’s ability to shape or tailor their messages to various types of people and audiences. For instance, courses in business communication and marketing help in creating effective campaigns which target specific customers, while corporate communication helps in designing effective and successful business presentation, guide group meetings and also in writing internal business documents for workers guidance. Communication acquired in business education is relevant and can be applied in the other areas of life such as:
Leadership
Effective and good leadership in any business or any other field needs effective communication with all the members of the organization including managers, employees, investors, and customers. Each group of these people may need a different style of communication and leadership. Leaders should, therefore, adapt depending on the people they are relating or communicating with at different times. Communication proficiency is an essential aspect of leaders’ set of experience and skills.
Communication is an essential skill for individuals entering the job market
The International Journal of Business Communication did and published a research where 354 directors were requested to rank and grade incompetencies when employing fresh college students. The research findings suggested that effective communication abilities are the most desirable and attractive qualities in a new employee. Unfortunately, it was found to be the first incompetency in the list among the graduates, followed by the death of self –motivation and problem-solving skills, Weldy & Icenogle (1997).
Effective communicators make much money
According to the research which was done in the year 1988 by Curtis and submitted at the Annual Meeting of the Speech Communication Association, it was found that communication skills are the most cherished skills in the current job market. The research surveyed 1000 managers and arrived at this conclusion. The finding suggests that the most valuable skill individuals can invest within themselves is sound communication. If individuals can communicate more effectively, then they can surely land jobs which can enable them to earn the highest amount of money, Moreale (2000).
Good communicators posses greater self-esteem
According to an editorial titled “Self-Esteem and Effective Communication Skills” which was aired by Live Strong, the research suggested that individuals who are great communicators tend to be majorly extroverted. The study states a 2001 research which was published in the Journal of Research in Personality which says that extroverted individuals tend to possess greater self-esteem. Extraversion always makes it simpler for individuals to approach foreigners and strangers, speak in large gatherings and also appear friendly. This makes the other people perceive extroverts as positively, which boost their self-esteem further. Individuals suffering from low self-esteem are always anxious about relating to strange people and also uncomfortable in gathering or group settings, Thompson (2017).
Effective communication helps in building a thriving family unit
A study which was done by Pearson and Sessler in the year 1991 called “Family communication and health: Maintaining marital satisfaction and quality of life”, presented at the International Communication Association stated that communication is linked to the family satisfaction. Disclosing, supporting, negotiating, communicating needs, positively distorting and showing the understanding of members of the family are some of the communicative aspects which are essential in developing a family unit which is happy and healthy, Pearson & Sessler (1991).
Business education teaches learners self-reliance and the ability to manage projects, time, and resources
Business studies is a type of studies which is devised or designed to instill in learners knowledge, business spirit, skills and acumen required to succeed in the field of work and to be self-reliant. Igboke (2000) looked business education as a changing field of education which is geared towards equipping the adults and youths for and also about business. He further stated that learning for business is training for a job in business when it is planned to equip adults and youths for real practice in the field of business.
Skill is viewed as the capacity to perform a task expertly, Abanyam (2014). It is the mean dexterity and ability which if used on a given task like in business, the outcome will be proportionate to the set objective and hence brings about enhanced economic status. A learner who acquires enough skills and knacks in business operations during the training process stands a high chance of establishing an occupation he/she likes and even able to employ many other individuals afterward. Such an individual is regarded as self-reliant and self-sufficient in the area where he/she domiciles.