professional development lap 15 careers in business
TRANSCRIPT
Professional Development
LAP 15
Professional Development
LAP 15
Careers in BusinessCareers in Business
Identify types of careers in business. Identify types of careers in business.
Objectives:Objectives:
Describe traits, skills, and educational requirements needed for success in business careers.
Describe traits, skills, and educational requirements needed for success in business careers.
Identify types of careers in business.Identify types of careers in business.
Careers in business: Careers in business:
• Come in many shapes and sizes
• Are very appealing
• Have endless possibilities
• Vary so much that you may be considering one without even knowing it!
Management and Administration
Finance
Marketing
Management and Administration
Finance
Marketing
Many different ways to sub-divide business careers
For this LAP:
Many different ways to sub-divide business careers
For this LAP:
The sector or industry in which the business functions
The product or service it provides
• Regardless of:
Career opportunities that are dedicated to:
• Performing dynamic business processes vital to the success and ongoing existence of a business organization
These jobs are everywhere!
They keep businesses
running smoothly.
Information and communication
management
Data processing and collection
Project tracking
Administrative Services
Facilitate business operations through a wide range of duties, including:
Customer-service representative
Administrative Services
Often referred to as support staff positions
Exist in any area of a business
Examples:
Executive assistant
• Project manager
• Business process architect
• Functional specialist
Business Information Technology
• An umbrella term covering those careers that provide a bridge between business processes/ initiatives and IT (information technology)
• Employees help align business and IT goals.
• Examples:
Financial resources
Human resources
Material resources
Corporate/General Management
Careers focus on planning, organizing, directing, and evaluating part or all of a business organization through the allocation and use of:
Store manager
Director
Owner
Examples:
Have supervisory responsibilities
Make decisions, either big or small
Employees:
• HR careers are all about people.
• Every business has employees.
• Planning
• Recruitment
• Selection
• Careers focus on the staffing activities that involve employee:
Human Resource (HR) Management
• Orientation
• Training
• Performance appraisal
• Compensation
• Safety
Human Resource (HR) Management
• Those who work in HR serve as a link between top management and employees.
• Examples:
• HR generalist / manager
• Recruiter
• Training manager
• Being an employer comes with certain responsibilities.
Operations Management
• Careers focus on planning, organizing, coordinating, and controlling the resources needed to produce/provide a business’s goods and/or services.
• Examples of activities:
Quality control Scheduling
• Examples:
• Purchasing manager
• Chief operations officer (COO)
• Master scheduler
Procurement Warehousing
Career opportunities that relate to making strategic decisions
to report, obtain, save, protect, and grow the financial assets of
businesses and individuals
Wide variety of opportunities
Career opportunities that relate to making strategic decisions
to report, obtain, save, protect, and grow the financial assets of
businesses and individuals
Wide variety of opportunities
AccountingAccounting
• Encompasses careers that record, classify, summarize, analyze, and communicate a business’s financial information and business transactions for use in management decision-making
• Activities such as:
• Encompasses careers that record, classify, summarize, analyze, and communicate a business’s financial information and business transactions for use in management decision-making
• Activities such as:
Bookkeeping
Systems design
Bookkeeping
Systems design
Analysis
Interpretation
Analysis
Interpretation
• Examples:• Examples:
Accounting clerkPublic accountantAuditor
Accounting clerkPublic accountantAuditor
AccountingAccounting
Banking ServicesBanking Services
Primarily concerned with:
Accepting deposits
Lending funds
Services include:
Cash management
Short-term investments
Mortgages and other loans
Credit cards
Bill payment
Extending credit
Banking ServicesBanking Services
Services are delivered via a number of different institutions:
From commercial banks and other traditional means: To newer ventures through:
• Savings and loan associations
• Credit unions
• Local banks• Insurance companies
• Brokerage houses
• “Internet”
Examples:
• Loan officer/counselor
• Branch manager
• Credit analyst
Corporate FinanceCorporate Finance
Function in a company to manage policy and strategy for (and the implementation of):
Capital structure
Budgeting
Acquisition and investment
Financial modeling and planning
Funding
Dividends
Taxation
Examples:
• Financial clerk • Foreign exchange manager
• Cash manager
Industry exists to protect individuals and businesses from financial losses.
Delivers “products” that transfer risk from an individual or business to an insurance company
Examples:
Industry exists to protect individuals and businesses from financial losses.
Delivers “products” that transfer risk from an individual or business to an insurance company
Examples:
Insurance agent
Benefits consultant
Underwriter
Securities and InvestmentsSecurities and Investments
Industry consists of:Industry consists of:
• Brokerage firms
• Investment banks
• Stock exchanges
• All of these support the flow of funds from investors to companies and institutions.
• Brokerage firms
• Investment banks
• Stock exchanges
• All of these support the flow of funds from investors to companies and institutions.
Related services include:Related services include:
• Financial planning
• Asset management
• Hedge fund management
• Custody services
• Financial planning
• Asset management
• Hedge fund management
• Custody services
Examples:Examples:
• Securities sales agent/ broker
• Financial planner/advisor
• Investment banker
• Securities sales agent/ broker
• Financial planner/advisor
• Investment banker
Career opportunities whose processes:
Career opportunities whose processes:
Create, communicate, and deliver value to customers
Manage customer relation-ships in ways that benefit the organization and its stakeholders
Create, communicate, and deliver value to customers
Manage customer relation-ships in ways that benefit the organization and its stakeholders
Involves marketing activities that inform, remind, and/or persuade the targeted audience
Examples of techniques:
Involves marketing activities that inform, remind, and/or persuade the targeted audience
Examples of techniques:
• Advertising
• Direct marketing
• Digital marketing
• Advertising
• Direct marketing
• Digital marketing
Examples:Examples:
• Marketing-communications manager
• Public relations manager
• Media buyer/planner
• Marketing-communications manager
• Public relations manager
• Media buyer/planner
Marketing Communications
• Publicity/public relations
• Sales promotion
• Publicity/public relations
• Sales promotion
Careers involve all marketing functions, including:
Careers involve all marketing functions, including:
• Channel management
• Marketing-information management
• Pricing
• Product/service management
• Promotion
• Selling
• Channel management
• Marketing-information management
• Pricing
• Product/service management
• Promotion
• Selling
Employees can be involved in a number of different industries, including:
Employees can be involved in a number of different industries, including:
• Sports
• Fashion
• Travel
• Sports
• Fashion
• Travel
Examples:Examples:
• Marketing specialist
• Marketing director
• Marketing manager
• Marketing specialist
• Marketing director
• Marketing manager
Marketing ManagementMarketing Management
Jobs focus on marketing activities that involve determining information needs, such as:
Jobs focus on marketing activities that involve determining information needs, such as:
• Designing data-collection processes
• Collecting data
• Analyzing data
• Presenting data
• Using data for marketing planning
• Designing data-collection processes
• Collecting data
• Analyzing data
• Presenting data
• Using data for marketing planning
Employees look for meaningful clues about:Employees look for meaningful clues about:
• What customers need and want
• Why customers do what they do
• What customers need and want
• Why customers do what they do
Examples:Examples:
• Market analyst
• Market research manager
• Product analyst
• Market analyst
• Market research manager
• Product analyst
Marketing ResearchMarketing Research
Careers involve marketing activities that are focused on efficient and effective:
Careers involve marketing activities that are focused on efficient and effective:
• Product planning
• Selection
• Buying for resale
• Product planning
• Selection
• Buying for resale
Examples:Examples:
• Buyer
• Merchandise manager
• Merchandising coordinator
• Buyer
• Merchandise manager
• Merchandising coordinator
MerchandisingMerchandising
Determine customer needs/wants
Respond through planned, personalized communication to:
Careers involve marketing and management activities that:
Influence purchase decisions
Enhance future business operations
Examples:
• Sales agent
• Sales representative
• Sales manager
Professional SellingProfessional Selling
Describe traits, skills, and educational requirements needed
for success in business careers.
Describe traits, skills, and educational requirements needed
for success in business careers.
• Business
• Business administration
• Management
• Business
• Business administration
• Management
The best career prospects are available to candi-dates who have earned a bachelor’s degree.
Many different degrees can lay a solid foundation for a business career:
The best career prospects are available to candi-dates who have earned a bachelor’s degree.
Many different degrees can lay a solid foundation for a business career:
EducationEducation
• Finance
• Economics
• Even communications
• Finance
• Economics
• Even communications
• Marketing
• Accounting
• Marketing
• Accounting
• May be formal or informal
• Will be invaluable to you as you add to your skill set
• May be formal or informal
• Will be invaluable to you as you add to your skill set
You will most likely receive on-the-job training when you start a new position.
You will most likely receive on-the-job training when you start a new position.
EducationEducation
• Stock broker• Stock broker
Some positions require special certifications or licenses:
Some positions require special certifications or licenses:
EducationEducation
• Real estate agent• Real estate agent
• Learn new skills or update the skills you have.
• You might:
• Learn new skills or update the skills you have.
• You might:
Continuing education and professional development is important as well.
Continuing education and professional development is important as well.
EducationEducation
• Go back for your graduate degree.
• Participate in workshops or seminars specific to your career.
• Go back for your graduate degree.
• Participate in workshops or seminars specific to your career.
Skills and TraitsSkills and Traits
Math skills
Communication skills
“People” skills
Computer/Technology skills
Decision-making/Problem-solving skills
Math skills
Communication skills
“People” skills
Computer/Technology skills
Decision-making/Problem-solving skills
Creativity
Enthusiasm/Good attitude
Trustworthiness
Flexibility
Self-confidence
Creativity
Enthusiasm/Good attitude
Trustworthiness
Flexibility
Self-confidence
Throughout the next week, try to notice business careers wherever you go.
The restaurant manager at the diner where you always eat breakfast
The payroll clerk who hands you your check at your part-time job
The banker who cashes that check
In your notebook, keep track of all the business careers you encounter.
What types of skills and personality traits did each person exhibit?
What careers appealed to you?
How many might you encounter each day?
She wants an online business degree.
She has limited funds.
School she finds:
Kathleen’s Dilemma
Inexpensive
No homework or tests
Unclear accreditation
What should she do?
AcknowledgmentsAcknowledgments
Original Developers:Original Developers:
Lelia Ventling and Sarah Bartlett Borich MarkED
Lelia Ventling and Sarah Bartlett Borich MarkED
Version 1.0Version 1.0
Copyright 2007Copyright 2007
MarkED Resource CenterMarkED Resource Center
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