Careers in Business (1)

8/3/2019 Careers in Business (1)

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Careers in Business

A lot of material comes from Haag and Cummings


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Business people must possess multipleacumens

You cant just focus on marketing, forexample

You need skills in all areas

One important area is information technology(IT)

INTRODUCTION


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Language of business

Accountants communicate financialinformation

Accountants must understand all areas ofbusiness

ACCOUNTING


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Accounting information systems all arecomputerized

Database management all accountinginformation is stored in a database

Database design must understanddatabase design to follow transactions

IT Skills for Accounting


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Wed research for consulting rules andregulations

Spreadsheet modeling for extensivelyanalyzing financial transactions and

projections

Network security for security of informationand financial assets

IT Skills for Accounting


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ACCOUNTING


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ACCOUNTING


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An important part of all decision making Tracks include corporate finance, banking,

and investments

Draws from three disciplines

Accounting

Economics (especially micro-economics)

Statistics

FINANCE


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Spreadsheet modeling advancedknowledge here is essential

Statistical packages for measuring the riskinherent in a project

Database management all financeinformation is stored in a database

IT Skills for Finance


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Internet andW

eb portals for providinginvestment information to investors

Search engines for accurately andefficiently gathering information

Technology strategy and innovation forcreating new customer self-service systems

IT Skills for Finance


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FINANCE


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Personal computer applications essentialfor this industry

Hospitality-specific applications muchvertical market software in this industry

Database management databases are theunderlying technology in this industry

IT Skills for Hospitality


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DSS/EIS for analyzing and interpretinginformation and making decisions

Electronic commerce effectively and cost-efficiently reaching consumers and servingthem

Distribution channel management formanaging all suppliers to the operation



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Customer relationship management theguest is the primary reason for being inbusiness

IT strategy for aligning IT with the businessstrategy and allocating resources



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HOSPITALITY& TOURISM MANAGEMENT


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What this course is all about

IT specialists must know IT, for sure

They must understand all aspects ofbusiness to successfully build and apply ITsolutions

INFORMATIONTECHNOLOGY


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Programming languages these are forwriting software

Development platforms integratedenvironments for developing IT solutions

Databases the heart of any informationmanagement activity

IT Skills for Information Technology


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Data warehouses for supporting decision-making tasks and business analysis activities

Networks and security hardwaretechnologies and communications protocols

Multimedia tools for information not intextual or numeric form

IT Skills for Information Technology


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INFORMATIONTECHNOLOGY


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Critical to shaping the future of a business Must be well-educated, creative, and

effective

The most eclectic of all business disciplines

Found in every business and in everyindustry

MANAGEMENT


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Database management and integration asall types of business information are stored indatabases

Internet and Web portals for finding and

accessing information

Spreadsheets for organizing work,calculating value, developing graphs and

charts, and comparing costs

IT Skills for Management


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Enterprise resource planning forcommunicating and sharing informationcorporatewide

Geographic information systems forunderstanding and working with spatialinformation

Electronic commerce forB2B and B2C

success

IT Skills for Management


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MANAGEMENT


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Includes product development, advertising,PR, promotions, and sales

Sell a companys products and services in aprofitable way

Must know CRM, SCM, statistical tools, etc

MARKETING


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Customer relationship management because marketing is the primary interface toa customer

Budget analysis/impact software todetermine product feasibility

Database management for working withvast amounts of information in a database

IT Skills for Marketing


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Data warehouse and data-mining tools foraggregating and analyzing large amounts ofinformation

Communication support software for alltypes of communication

Desktop publishing software for developinghigh-quality ad copies, etc.

IT Skills for Marketing


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MARKETING


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MARKETING


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Production, manufacturing, warehousing, andtransportation of products

Also scheduling in many industries

Very technical and rewarding field

PRODUCTION& OPERATIONS MANAGEMENT


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Statistical tools the most important tool setin this career

Advanced DSS spreadsheet features fordeveloping and analyzing optimal solutions

Supply chain management to integrateinternal operations to maximize customervalue

IT Skills for Production & Operations Management


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Production and inventory control software for minimizing internal production andinventory costs

Material requirements planning software foroptimally modeling all operations

Data-mining tools to understandrelationships inherent in massive amounts of

information Scheduling software for optimal scheduling

of business resources

IT Skills for Production & Operations Management


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PRODUCTION & OPERATIONS

MANAGEMENT


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Not limited to residential real estate $3 trillion per year industry

Residential, office, retail, industrial, and manyother property types

How real estate assets can add to bottom lineprofits

REAL ESTATE & CONSTRUCTION MANAGEMENT


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Internet andW

eb portals for virtual projectsites and sharing documents

Geographic information systems foranalyzing and selecting sites

Database management and integration foraccounting, lease administration, finance,property management, etc

IT Skills for Real Estate and Construction Management


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Spreadsheet modeling for discounted cash

flow analysis, ratio analysis, etc Computer aided design (CAD) for the digital

imaging of architectural designs Project scheduling for construction project

scheduling and monitoring Automated valuation statistical and other

analyses to automate the loan underwritingprocess

Customer relationship management combinescontact, calendar, schedule, and clientinformation

IT Skills for Real Estate and Construction Management


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REAL ESTATE AND CONSTRUCTION MANAGEMENT


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Best Wishes for the future

Dr.Gupta

Careers in Business (1)

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