Monthly Archives: September 2019

Make a Smart Choice for Your Future

Business management degrees cover a broad category and give graduates plentiful opportunities to find work with the government, an accounting service, private enterprise or other managerial positions. A management program prepares students with essential skills and knowledge for a successful future in organising the day to day schedule and operations of an organisation and its staff.

Since there are such a wide variety of managerial positions available worldwide, it can be difficult to pinpoint exactly what responsibilities are required by a person with a business management degree. However, it can be confidently stated that most managers hold positions of significant responsibility within a company, utilising their skills and professional experience to coordinate staff and resources to help achieve the goals of the company you are working for.

If you have high hopes of becoming a financially successful manager, you should know that most people that fit into this category have sought a degree much higher than their high school leavers certificate. Large companies with international renown often require a master’s degree to be considered for a managerial position. You can always seek out a trade certificate first and see what employment opportunities come your way, but often it is recommended that you achieve the highest level of education you can. This will better prepare you for any position you are offered and choose to accept.

With business management degrees you also have the opportunity to specialise in the following subcategories including: tourism, forestry,communications, humanities, biotechnology, sustainable business,nursing and trade training. By selecting an area of interest you wish to pursue, you can specialise in something that can get you a more focused employment position.

Obtaining a degree from a respected university is a popular route to becoming a manager. Building a strong resume and taking up important leadership positions during your education, whether paid or as pure work experience, can be crucial in the decision making concerning your possible employment with a company after university or polytechnic.

People who decide business management degrees are for them enjoy being in charge and making important decisions. A successful manager will have skills both in the business world and with people. Since managers work with people every day in a company setting, they must be comfortable and confident with both aspects. A big attraction to managerial positions is that often there is a significant pay increase with the promotion to these roles. So if organisation and people skills are one of your strong points, why not seek out a great university or polytechnic to begin building your future in business managment.

Hotel and Motel Management Degree Studies

The uses of a hotel and motel encompass a wide area of activities that leave industry managers overseeing everything from hiring employees to working with customers. Students can enter training inside vocational programs and enter a career in management.

Attending a vocational school provides students with the option to complete a certificate or an associate’s degree program in hotel/motel management. Programs provide students with training in hospitality and business in regards to management. Education focuses on two main areas, which include food service and management. The food portion of a program highlights the catering services and the management aspect centers on giving students the leadership training needed to fulfill administrative duties. Common studied areas include:

Recruiting, hiring, and training employees
Marketing, Accounting, and Sales
Understanding company protocols, budgets, and objectives

Programs focus on these areas inside specific coursework that allows students to fully develop their own personal management techniques.

Certificate programs typically last one year and give students all hotel/motel management skills without incorporating the broad liberal arts background courses gained inside an associate’s degree. Education is typically broken down into two semesters. The first section of learning includes courses on marketing, hospitality, and food safety. Hotel operation, service, human resource, and event planning are course topics explored within the second semester of a vocational certificate program. Students can expect to complete 35 credit hours. Many entry-level positions can be acquired after completion of a certificate program. The overall starting point for students is gaining an associate’s degree.

Inside an associate’s degree students gain entry-level skills of hotel/motel management and hospitality services. Courses focus on teaching students how to problem-solve and develop the leadership qualities needed to execute traditional career duties. Associate’s level courses may include:

*Hotel Marketing

Students learn how to develop a marketing plan to improve company business. Promotional advertising and profit margins are examined to provide students with the ability to create ideas and generate a profit.

*Nutrition

Education teaches students the basics of nutrition and how it’s directly related to the industry. Subjects cover diets, labels, additives, and catering procedures. Training also connects these main course subjects to catering food for groups of people with special dietary needs.

*Business Communications

Covers the different business skills needed to successfully interact with other management professionals. Students learn the different writing techniques used to write reports and hotel/motel documents. Informative and persuasive writing are two main styles covered in a course like this.

Continuing education is beneficial for students that want to advance inside the industry or at their current place of work. Most colleges allow students to transfer their associate’s degree credits into a bachelor’s degree program. Head managers usually have a bachelor’s degree in the field.

Working with people while they are traveling is a rewarding career that can be learned inside a vocational program. Accredited hotel management studies can be entered at multiple levels with different concentrations, which give students practical knowledge to place inside a career. Full accreditation is provided by agencies like the Accrediting Commission of Career Schools and Colleges ( http://www.accsc.org/ ) to schools and colleges that offer the best quality educational training. Begin education to become hotel or motel manager.

Beware of Verbal Rental Agreements Between Landlords and Tenants – Try a Property Management Company

A verbal rental agreement can cause nothing but headaches for landlords and tenants alike. If a disagreement arises between the two parties, there is nothing to refer to to solve the problem. If one of the parties sues the other it becomes a he said/she said argument that a judge cannot untangle without a written lease to refer to.

The best solution is to hire a property management company. The State of Nevada Real Estate Division requires property managers to be knowledgeable and educated about landlord tenant relations. Using an enforceable, legal rental agreement is a vital part of the job.

A very strong part of property management education is to never enter into verbal agreements with tenants. It is a stumbling block that causes so much havoc for both landlords and tenants that history has taught us to avoid verbal agreements at times.

Many cities and towns across the country have real estate companies with trained property managers willing to assist landlords with their leases. Fees range by percentage or flat fees depending on the level of management services a landlord requires. Tenants can come into the office to sign rental agreements without the landlord being present. The landlord gives over the responsibilities to the real estate company to require a written, legal rental agreement to be executed between the tenant and the landlord.

Taking the initiative and action to interview and hire a real estate company can solve many headaches and problems for landlords and tenants alike. Because many landlords and tenants are not schooled in ways to minimize lease and rental potential problems, hiring property management company to do the task can be a valuable vehicle for smoother relations with tenants.

Blazing a Trail in Infrastructure Management Education in India

Infrastructure and Economic Development

The Planning Commission has set an ambitious double-digit national economic growth rate during the 11th Five-Year Plan. How do we go about pursuing this tall order? There is now a general consensus that the answer lies mainly in the creation of high quality infrastructure – physical, social and economic. How the Interstate Highway System launched by the Eisenhower administration in the ’50s helped create a more mobile and vastly wealthier America is now legendary. Back home, in India, we have the classic case of the Grand Trunk Road, built by the 16th Century ruler, Sher Shah Suri, to promote trade. A 2000 km stretch of the Grand Trunk, linking six Indian states, still acts as the backbone of commercial prosperity across India.

Several studies in the past have shown that the spread of rural infrastructure assists economic growth and leads to a decline in poverty. According to the Rural Infrastructure Report, recently brought out by the NCAER, development of rural infrastructure has a five-fold impact on the economy. Good infrastructure creates better access to employment and provides further earning opportunities;
increases production efficiency; gives access to previously inaccessible commodities and services; helps citizens save time and, thereby, involve themselves more in productive activities; and
improves the health and physical condition of the rural population.

Infrastructure-centric Governance

Economic liberalization heralded the beginning of a new era of infrastructure-centric governance in India. The government is already putting in place a transparent and independent regulatory framework for the infrastructure sector, based on international best practices. A committee has been constituted under the chairmanship of the Prime Minister, to closely monitor the progress in all key infrastructure projects, on a quarterly basis. A Viability Gap Grant Scheme has been instituted for supporting infrastructure projects (like power, roads, ports, airports, railways, water supply & urban transport) which, despite being economically viable, are financially unviable. A Special Purpose Vehicle (SPV), called the India Infrastructure Finance Corporation Limited (IIFC), has been set up to lend funds with longer term maturity to commercially viable projects in infrastructure sectors, including projects which become viable after receiving viability gap funding from the government. Comprehensive Model Concession Agreement (MCA) Frameworks for Public Private Partnerships (PPPs) are either in place or being formulated for the Highway, Seaport & Airport sectors. These MCAs, based on internationally accepted principles and best practices, unbundle risks and costs, and allocate them to the party best suited to manage them. Rail container movement, so far monopolised by the public sector entity, CONCOR, has been thrown open to competition, making private sector entities eligible for owning and operating container trains.

Today, the sectoral policies at the national, regional & local levels are being developed around ‘touchstone’ principles, like: (1) Efficient use of existing assets and optimal allocation of additional resources, (2) payment for services, (3) equitable contractual structures, (4) transparent process of procurement, (5) fair regulatory framework, (6) enabling institutional infrastructure, and (7) sustainable incentives and concessions.

New Demands on Infrastructure Management

As path-breaking concepts, frameworks and methodologies are being evolved, at the national, regional and local levels, especially in the critical facets of infrastructure management such as financing, contracting and regulation, an Infrastructure Manager today needs to have a variety of skills:
 Marketing, business development and financial management skills for mobilizing and administering project resources.
 Engineering and technical skills for ascertaining the technological soundness of the project.
 Skills in Participatory Learning & Action (PLA), Information, Education & Communication (IEC), and Strategic Environmental Assessment (SEA) to evaluate the location-specific social, economic & environmental impact of the project.
 Organizational & capacity-building skills to ensure the sustainability of the project.

Need for Holistic Training

With a huge investment requirement of the order of about Rs.14.5 trillion ($320 billion), over the next six years, and a spate of new investor-friendly policies in the offing, Infrastructure is all set to become the most ‘happening’ sector of the Indian economy. The immediate requirement of the Indian economy is a pool of holistically trained domain-ready infrastructure managers, who have the ability and grit to (a) convert the huge investments into quality infrastructure facilities; (b) upgrade the existing infrastructure set-up; and (c) sustain high infrastructure service levels by adopting better management practices. Be it physical, social, economic or environmental infrastructure, the demand for such holistically trained managers is going to be unprecedented.

A Trail-blazer

In response to this crying need for domain-ready managers the first-ever comprehensive Post-Graduate Diploma in Infrastructure Management (PGDIM) Programme in the country was launched in August 2005. The programme, offered by Karnataka’s prestigious Visvesvaraya Technological University (VTU), is being conducted by the School of Management for Infrastructure and Development Strategies – India (MINDS), at Bangalore. MINDS is a Division of the Centre for Symbiosis of Technology, Environment & Management (STEM), a professional research group with nearly two decades’ standing in Development Research, Consultancy & Training.

The PGDIM is a one-year full-time programme for graduates in all disciplines of engineering and post-graduates in other disciplines. The curriculum is designed on a holistic approach to Infrastructure Management covering Project Management; Marketing; Contract Management; Infrastructure Finance; ICT Applications; GIS Applications; Strategic Environmental Assessment (SEA); Legal & Regulatory Environment; and Emerging Paradigms. The programme participants also work on live projects being implemented by reputed infrastructure organizations, and gain hands-on professional experience.

Based on the encouraging experience of running the unique PGDIM Programme, VTU is commencing a new format two-in-one PG Programme in Infrastructure Management from the academic year 2007-08. Very modular in structure, this innovative programme provides for a ‘Dual Qualification Option’ whereby a student receives a Post-Graduate Diploma in Infrastructure Management (PGDIM) on successfully completing the first year and also an MBA Degree in Infrastructure Management, after the second year. One exceptional feature of the Dual Option PG Programme is that it is a highly modular arrangement whereby a student needs to make up his/ her mind only midway or even at the end of the one-year PGDIM whether to move on to the second year of the MBA.

The second year (MBA level) comprises two semesters and includes an advanced Internship by way of extended project assignments. An additional feature of the MBA is that it also provides for specialization in areas such as Urban Governance & Management, IT Infrastructure Management, Communication & transportation, Power & Energy, Health, Education, Water & Sanitation, and PPP.