Studying business functions, management processes and decision-making, which is what business management really is all about, can teach us how to be good managers in order to run businesses successfully. Specifically, we will know how to increase market share, maximize profit, maximize returns to shareholders in the form of dividend, boost profitability, enter into new markets, launch innovative products which one day may become best-sellers or increase labor productivity.
But, in addition to gaining business knowledge, developing lifelong analytical and evaluative skills, and understanding processes that rule the contemporary world – which all these benefits come with learning business management – we will have the internal abilities to manage our life more efficiently, lift our standards and become a better human being in the end.
I am not arguing here that all of the schools around the world, in every country on earth, should make business management as a compulsory subject in their curricula, and that all of the students should be required to take this subject.
But, please let me introduce a few arguments which lay ground behind my thinking that business education actually should be as important as learning the first language or mathematics, so our world can become a better-managed and more organized place.
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