Sunday, January 29, 2012

In Response to Rachel Marra's Post.


At the end of her post, Rachel asked the question; What are some courses you have taken outside of your major? And did you learn anything worth while?




Personally, I feel the Business major requires you to take various courses sometimes too many to handle. In the past I have taken numerous Accounting classes that cover topics like Balance sheets, debts and credits, and ratios. All these topics at first may of seemed off topic because I wasn't planning on being an Accountant. However, after two of these classes I saw the benefit of understanding them. It  includes topics such as stocks/bonds, how to tell where a company is spending and how to determine the future value of a business. Not only is this important to learn if this is a company you plan to invest in, but to also work for. Before entering a job you can look at the business's "records"(balance sheet, cash flows) to determine if their ending balance is headed up hill or not. It's smart because if a company has a lot of debt, you run the risk of working for a business that could go bankrupt or have bad business ethics.
Another class I have taken here is Business Law, this class was an elective I took for part of the requirements for my major. I learned this class covered the side of business we don't always which includes contracts, bankruptcy, and torts that businesses may or not be involved in. Although this class was very different from my others I learned a whole lot from that semester. I was able to see the laws a business must follow and the consequences if they do not. We also learned how these laws can relate in our own lives with things like rent, and parking. The legal issues of a business are always good to understand in case of any conflicts. Another important thing we learned was how to start a business and actually purposed our own businesses as a end of the year project. Both classes taught me a great deal about different aspects of business. 


What's one class you wish you got more out of and why??



Why Learn About Marketing??


We were asked the question Why would if be important to study Marketing even if you do not pursue a career in it?


First off since marketing is one area of business it's smart to have an concept of these parts so you can understand how it all comes together and how it could benefit you. Just like any other part of business like Accounting, it may not be your career choice, but it's a smart choice to learn more about it. It's always nice to have a upper hand in your career especially when looking for a job.


Marketing is a great way to learn about sales, communication, price, promotion, product and place (the four P's). In this class we are able to look at a business and their product, we can learn more about the promotion they did and the price they set. We are able to learn more about how much work goes into the Four P's of a product and how to "sell it".




Also since we live in a society were promotion happens in numerous forms, we can use this to our advantage when it comes to ourselves. Since I am graduating in May, it will benefit me to understand how to sell myself and what a potential employer will be looking for. These terms and ideas we learn in class we can use in our lives for various tasks like finding a job and how to sell a product at a good price.


In the business world, it's one thing to be successful, but it takes a lot more to really know your customers. I feel a good business it one with a good reputation and good sales. Marketing allows you to increase your sales while also getting to know your buyers. This is crucial when place and promotion need to be determined. If any career in business knowing the buyers is key to creating success. When you know your customers needs you can meet them and change them if needed. I feel knowing your consumers and their dislikes/likes will only build your companies reputation and help you generate more money. Knowing a lot about Marketing can be very beneficial.


*Since these diverse classes we take (marketing,accounting) are all important, do you think a course like Marketing should have its own Major? Why or Why not?