By Cooper Nelson
Financial literacy is understanding and using financial concepts to make sound decisions. This skill set is vital for business managers as it can help inform decisions about budgeting, investing and other financial matters. A manager may need financial literacy in the following circumstances:
If you want to improve your financial literacy, consider pursuing a Bachelor of Science in Management degree or financial management courses.
Time management is planning, organizing and prioritizing your time to achieve specific goals. This skill is necessary for managers as it helps improve productivity and prevent burnout. By learning to manage your time effectively, you can set realistic goals and deadlines, create schedules and routines, and avoid procrastination.
Along with managing their own time, managers need to coordinate their team’s work schedule so company goals are met on time.
Keeping your work area organized, breaking down tasks into smaller goals and using a daily planner are great ways to start managing your time more effectively. Time management apps are available to help you stay on track.
By learning these business management skills, you’ll be on your way to success in any industry setting. So, whether you’re looking to start your own business or climb the corporate ladder, these skills lay a foundation.
University of Phoenix offers several business degrees that prepare students with skills for a variety of career paths. Whether you’re looking to build the fundamentals or advance your skill set, there’s a degree program for you.
Here are some of the business degree programs at University of Phoenix:
Associate of Arts with a concentration in Business Fundamentals — From management to accounting, the skills learned in this program are essential for anyone looking to advance in their business education.
Bachelor of Science in Accounting — Businesses around the world rely on skilled accountants to manage their finances and make profitable business decisions.
Bachelor of Science in Business — Knowledge of the ins and outs of running a business can spell the difference between success and failure in a competitive business world.
Bachelor of Science in Communication — It’s one thing to have a great idea, it’s another to properly communicate that idea to a large audience. Develop skills to be a media relations specialist, copywriter and more in this degree program.
Master of Business Administration — Advance your business skills beyond the fundamentals, and prepare yourself for higher leadership roles in an organization. This degree program can prepare graduates for careers as business managers, operations directors and more.
Master of Management — Take your understanding of business organization and management to an advanced level. This degree program is perfect for those with experience in the workforce who are looking to take on greater leadership roles.
Doctor of Business Administration — Expand your understanding of organizations, work environments and industry. This program invites participants to delve into cutting-edge research in the field of business and develop skills for solving complex organizational problems.