Why Management Studies Constitutes Subjects From Humanities?
Students who study business management acquire knowledge of many subjects of humanities and social sciences. Subjects like Organizational Behaviour, Perspective Management, Economics, Statistics and statistical analysis, Human behaviour, Ethics, Perspective Management, International Business, CSR, Strategic Management etc, etc. The history of the humanities dates back to ancient Greece civilization in 5th century. Humanities are based on a broad education for citizens. During Roman civilization, the concept of the seven liberal arts evolved; they involved grammar, oratory and logic, along with arithmetic, geometry, astronomy and music. The main functions of Business Organizations primarily are based on behavioural sciences.
Studies in the humanities encourage students to ask important questions and implement strategies based on parameters such as culture, aptitude, and attitude and personality of humans. It combines factual information theoretically and analytics of data with statistical tools. Students are required to go through critical and analytical thinking skills in order to understand information from various perspectives and create diverse arguments. Economics and Organizational Behaviour provide students with a solid foundation in how markets are driven and how human can be motivated to be resourceful. When a student learns management skills his/her chances improve of landing a range of leadership positions later in career.
Management courses improve important qualities in life such as negotiation skills, communication skills, becoming a good team player which helps a lot in becoming leader. Specialized management courses in various areas end up preparing students to enter the business world, which is constantly changing and evolving.
Critical thinking, Creativity, Observatory skills, Empathy, Insights, Communication skills, Interpersonal skills helps in developing character. Good leaders are good problem solvers and know how to approach challenges with a solutions-driven and open-minded approach. At various points in our career we face challenges. MBA teaches how to overcome the challenges. People are the heart of the business, knowing how to communicate with different stake holders is pivotal. Business history builds a capacity to assess any context. It widens the leader’s frame of reference. It yields insights into the development of the global economy, of industry structures, and of business strategies. Knowledge of law helps as guideline as to what is accepted in the business world and society. Knowledge of business ethics helps to promote integrity among employees and gain trust from key stakeholders. Corporate Social Responsibility teaches that businesses cannot exist in vacuum; they have social responsibilities to shoulder.
The world has gone digital; in today’s digital world, employers are placing more value on emotional intelligence, and soft skills like communication and interpersonal skills. Strategic management helps organisations to gain a competitive edge over their competitors. It provides overall direction to develop plans and policies to achieve objectives and by allocating resources to implement the plans. The subject International Business helps in expanding business beyond domestic boundaries, import and export policies, international trade policies etc.
Globalization has forced people and organizations in cross-border movement. Organization need to cross domestic borders for expanding businesses. Organizations need to get into strategic alliances. Accepting importance of diversity of cultures in organizations and society is so important. The world is filled with people who have different beliefs, religions, traditions, and ways of living. It is within those differences that we can find beauty. Both in educational and professional environments, cultural diversity is beneficial for everyone. Humanities teach that learning never stops. It helps to adapt to a progressive mind-set. Most important fields such as law, chartered accountancy and government organizations are very creative fields. They require people from a humanities background because of their broad edification, understanding of the nuances of society, and the ability to research and think out of the box. No wonder management studies are based on the foundation of Humanities.
Psychology is the scientific study of human mind and behaviour. It specializes in the study of experiences, behaviours, and mental processes of human beings within a socio-cultural and historical context. Marketing, Human Resources Development, Operations Management, Financial Management, Entrepreneurship and even Information Technology all of these specializations in Management Studies are based on human-mind and behaviour.
Management Studies is a multifaceted discipline and includes many sub-fields. Management practices are considered as a many-sided concept since it involves the three critical areas: managing the organization according to the objectives, managing the people, and the management of the external and internal environment of the organization. In all these three areas people management is most important. Management is said to be complex process involving not just one but various scales.
Lastly management is required in all types of organizations whether it is government, political organization, social organization, cultural, research and development, consultancy, entertainment, educational, university, hospital, hotel everywhere there is business. Each organization helps and directs various efforts towards a definite purpose. The study of humanities helps us understand others through their languages, histories and cultures. The study fosters social justice and equality; it also helps understand how people have tried to make moral, spiritual and intellectual sense of the world.
