Why should business owners study management?


Any business in any sector has few universally common fundamentals. 

The primary aim of any business is to earn profits and become self-sufficient and sustainable. The three important pillars of any business are finance, sales & marketing, and people management.

Despite the industry, these basic principles do not change. Hence a deep understanding of these fundamentals is crucial for all business owners.

To become a successful entrepreneur, one needs to upskill and acquire essential and relevant knowledge.

This is where MITSDE comes into the picture. MIT School of Distance Education is a constituent of MAEER’s MIT, Pune. MIT School of Distance Education (MITSDE) is a distance learning institute approved by AICTE (Govt. of India). 

MITSDE understands the current skills gap in the market and strives hard to reduce it. The PG Diploma in Management is an online course designed specifically for working professionals and business owners looking to upskill themselves. The online learning courses are designed by experts. The holistic approach covers basics of business administration such as – 

  • Finance management, 
  • Human resource management, 
  • Marketing management,
  • Operations management,
  • Interpersonal skills, 
  • Legal compliance, 
  • Corporate Social Responsibility, and 
  • International Business

Distance education helps you balance your work, life, and academics. Here’s how distance or online learning plays a vital role in upskilling – 

  • Flexibility – Online learning programs are to the point and add value to your resume. The distance learning model does not require students to attend offline classes. The online classes are mostly based on a self-paced learning model. Hence it offers complete flexibility.
  • Focused learning environment– The courses are designed to focus on the skills necessary for the domain, are applicable, and are updated. They also provide knowledge on legal compliances important for setting up and running any company.
  • Soft skills – These courses also focus on soft skills such as communication, corporate ethics, and social responsibility. Soft skills are the most sought-after skills by employers.
  • Age-limit – These courses do not have any age criteria and hence can be pursued at any age.
  • No qualifying criteria – Distance education institutes generally do not have any eligibility criteria, thus making higher education easily accessible.
  • Acceptance & recognition – Courses & certifications from reputed Government recognized institutes have acceptance worldwide.
  • Technology – High-end Learning Management Systems, virtual classrooms, and online assessments make the learning experience hassle-free and easy for students. 
  • Affordable course – The online courses are approximately priced in the range of Rs. 500 – Rs. 2,00,000. Thus making online education open for people of any financial strata.
  • ROI – Since these courses are customized per the advancements in each sector, they impart updated and relevant knowledge. Thus yielding a high return on investment.
  • Alumni status– The candidate gets an alumni status of the distance learning institute or University.
  • Certification – Upon completion of the course, the candidate is awarded a degree or diploma, or certificate of completion. This is a valuable addition to the resume.

Management courses are beneficial for those who wish to get into managerial job roles or start their own business.

MITSDE also offers a dedicated team of student success team that assists you in every step of your academic journey.

A placement cell offers services like resume-building and career-building sessions to help you to secure a rewarding career.

Lastly, initiatives like MITSDE Labs and Harbour offer you a perfect blend of practical hands-on training and psychological counselling.

Thus, MITSDE offers a holistic upskilling course to help you run a thriving business.