careers in business (1)
TRANSCRIPT
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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
IT Skills for Hospitality
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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
IT Skills for Hospitality
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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