Blogs

What is Management Science? Management science is the application of the scientific method to the study of the operations of large complex organisations or activities. The management science encompasses however more than just the development of models for specific problems. It makes substantial contributions in a much broader area. The application of the output from management science models for decision-making at the lower, middle and top management levels. Basically, the management science can be defined as a problem-solving process used by an interdisciplinary team...

Few words about Hospitality and Event Management Hospitality basically refers to a casual relationship between the guests and the hosts. Hospitality is an act of welcoming guests or strangers without any reward or with kind of generous liberty. As the human-centered philosophy hospitality has been infused in most major religions and cultures. Today, this hospitality has grown into a huge industry across the globe that turns out to be the most profitable and money-making sector. Event Management is nothing but the art of planning a festival, ceremony, competition, party...

What is Logistics and Supply Chain Management? Logistics typically refers to activities that occur within the boundaries of a single organisation and supply chain refers to networks of companies that work together and coordinate their actions to deliver a product to market. Logistics focuses its attention on activities such as procurement, distribution, maintenance and inventory management.  While the supply chain acknowledges all of the traditional logistics and also includes activities such as marketing, new product development, finance and customer service. Sup...

Description of Finance and International Business Finance basically deals with planning, organising and controlling the finance activities such as procurement and utilisation of funds of the enterprise. It means applying general management principles of financial resources of the enterprise. Finance management is as important in business as production and marketing. A business firm requires finance to commence its operations, to continue its operations and for expansion or growth. Financial management plays a crucial role in survival of a firm in the extremely competit...

Few lines about Travel Management Travel Management is basically related to services and planning by means of spending time negotiating rates or contracts with airlines, hotel chains and car rental companies. It includes the process of reviewing employee receipts and claims for travel reimbursement, as well as the distribution of vouchers, maintenance of a travel management website and liking for ways to reduce corporate travel expenses.  What is meant by Tourism Management? Tourism management involves a multitude of activities such as studying tour de...

What is BBA? Bachelor of Business Administration (BBA) degree is designed to provide in-depth knowledge of a wide-range of aspects related to business operations. The course’s core curriculum typically covers topics such as accounting, marketing, finance and more. The course lays the basic foundation for education in business administration principles. Few lines about BBA (Finance & Accountancy)

A few lines about BBA and CGMA Bachelor of Business Administration (BBA) is one of the most popular bachelor’s degrees. The degree course is about management of a business company or an organisation. The students will be studying the management skills that are required to face the current challenging business trends. Chartered Global Management Accountant (CGMA) is the most widely held management accounting designation in the world with more than 137,000 designees. The CGMA was established in 2012 by AICPA and CIMA to recognise a unique group of management accoun...

What is Business Analytics? Business Analytics is an iterative, methodical exploration of an organisation’s data, with an emphasis on statistical analysis. Business analytics is used by companies that are committed to making data driven decisions. Data driven companies treat their data as a corporate asset and actively look for ways to turn it into a competitive advantage. Successful business analytics depends on data quality, skilled analysts who understand the technologies and the business and an organisational commitment to use data to gain insights that inform business...