The strand for business management can effectively configure the necessary mindset that any young budding business professional should have. In this blog, discover how the ABM strand can make it happen.
What is Business Management?
Business management is the process of planning, organizing, directing, and controlling the activities of an enterprise according to a set of policies and objectives. In order to achieve these objectives, businesses need to efficiently use resources while maximizing profitability.
In case you’ve been wondering what strand business management is, then it’s the Accountancy, Business, and Management strand, or the ABM strand. The Business Management strand can help teenagers set the foundation for their futures as young adults taking up business management courses in university or working in relevant industries.
At its core, the strand for business management provides an opportunity for students to develop their skills in areas such as marketing, finance, and human resources on the fundamental level.
What Makes the Business Management Strand Important?
The strand helps students develop the skills and knowledge necessary to be successful in their future studies and careers, as it focuses on and specializes in business management theories and practices.
The strand also provides students with an opportunity to learn about the different aspects of businesses, such as marketing, finance, and operations, which can also shape their emotional maturity and preparedness for the real world.
As potential business managers, CEOs, or organizational leaders in the future, the strand helps students understand the role of businesses in the economy and how they contribute to the community. It helps them realize how to live with ambitions.
The Business Management Strand: A Preview of Things to Come
So, what can a student expect under the business management strand? As students in the Accountancy, Business, and Management (ABM) strand, they can expect a curriculum geared towards relevant topics, such lectures with entrepreneurial themes, and lessons on financial literacy, economics, and business law.
Students in the business management strand would also be encouraged to participate in extracurricular activities like case study competitions and internships.
This also helps prepare them for the academic rigors of university, especially for those looking to take up courses in accountancy, business administration, economics, and other related studies. It helps students visualize a potential career in industries such as:
- Banking
- Consulting
- Entrepreneurship
- Investment
- Management
- Marketing
While some ABM strand jobs typically include:
- Accountants
- Project managers
- Marketers and marketing executives
- Entrepreneurs
- Finance specialists
So, if you’re a student looking to get a head start on your future career, the business management strand just might be for you as a student.
What Subjects Will I Take In the Business Management Strand?
Just like any other strand, the ABM strand has a set of core and elective subjects. The core subjects are those that are required for a student to complete the strand, while electives are those that a student can choose to take depending on their interests and desired career path.
ABM strand subjects specifically include:
- Oral and written communication
- Accountancy
- Business Math
- Marketing
- Economics
- Organization and management
While these may sound overwhelming and too real, then again, this is only a taste of what you can expect should you choose to enroll in the business management strand.
Business Management for SHS: Does This Mean I Can Run a Business On My Own?
How can the ABM strand impact the future of a student? Does this mean that a student enrolled in the ABM strand can become a capable GM right after graduation?
Naturally, growth and development has to take form in the student. The business management strand aims to develop SHS students into well-rounded individuals, preparing them for any chosen field that they may want to pursue in the future; whether in college or as part of the workforce.
Apart from the theoretical knowledge that students will acquire from the ABM strand, such as insightful lessons on marketing, business models, and human resources, they will also get to develop their soft skills. These are essential skills that any successful individual in the business world should have, such as:
- Leadership
- Communication
- Problem-solving
- Decision-making
The business management strand also aims to develop responsible and ethical citizens who contribute to the economy in a positive way.
Enrolling in the business management strand does not automatically mean that a student can run their own business upon graduation. However, it does provide them with a strong foundation that they can use should they decide to pursue a career in business or take up related studies in college.
The ABM strand is an excellent choice for students who are looking to get a head start on their future careers running companies and organizations.
Is Business Ownership, Operations, or Management My Only Choice?
The short answer to this is: Of course not!
Just because you enroll in the business management strand, it does not mean that you are pigeonholed into a specific career path. In fact, the ABM strand can be seen as a steppingstone to various other industries and professions.
Graduates of the business management strand often go on to pursue studies in:
- Accountancy
- Business Administration
- Economics
- Law
- Marketing
Students who wish to pursue a career in the academe can also use the ABM strand as a foundation for further studies in education and research. With the proper guidance and focus, any student can make the most out of the ABM strand and use it to achieve their future goals.
What is the Future Like for a Graduate of the Business Management Strand?
Enrolling in the ABM strand is a great choice for any student who wishes to have a successful career in business.
We understand how there are many uncertainties that can impact the future. Being academically equipped with the right foundation can be the most helpful tool going into university and as a part of society. For the graduate of an ABM strand, the future is looking bright, because the world relies on endless transactions.
Of course, these are the basics of running a business on an educational level, but these fundamentals, when watered and developed, will serve as the seeds that eventually sprout into fruits. A feasibility project today might just be the next big thing tomorrow for the ABM student.
Why It Matters: Focusing on Business Management for Senior High School Students
Allowing and empowering students to focus on business management at a pivotal time in their lives can be key to their growth as individuals.
In school, most students of this age only come to know the concepts of a business through word problems in their classes or plotlines in the movies. However, the business management strand goes much deeper than that and provides students with a well-rounded education on various aspects of running a business.
It’s more than just a buy and sell world. ABM students come to understand the financial aspects of a business, such as income and expenses, as well as the different marketing strategies that businesses use to attract customers. ABM students grow aware of the legal implications in running a business, such as tax laws and contracts.
Apart from the academic benefits, students who focus on business management in Senior High School will also develop important life skills, such as time management, critical thinking, and problem-solving, among others. These are essential skills that will come in handy not only in the business world, but in all aspects of life.
Enrolling your child in the business management strand is a great way to set them up for success in their future careers.
What are your thoughts on raising young business leaders? Let us know in the comments below!
