Management sciences (MS)
It is the broad interdisciplinary study of problem-solving and decision making in human organizations, with strong links to management, economics, business, engineering, management consulting, and other sciences.
Business
It is the activity of making one's living or making money by producing or buying and selling products (goods and services). Simply put, it is "any activity or enterprise entered into for profit. In simple words, all those economic activities whose aims is to earn a profit is called as business.
Firm
It is a business organization, such as a corporation, limited liability company or partnership, that sells goods or services to make a profit. ... "Firm" is often used interchangeably with "business" or "enterprise."
Business Management
Studying for a business and management studies degree allows you to develop a broad understanding of business organizations and provides you with subject-specific knowledge in areas such as markets, customers, finance, operations, communication, information technology and business policy and strategy.
Finance
It is a term describing the study and system of money, investments, and other financial instruments. Finance is art and science of managing money. Some people prefer to divide finance into three distinct categories: public finance, corporate finance, and personal finance. There is also the recently emerging area of social finance. Behavioral finance seeks to identify the cognitive (e.g. emotional, social, and psychological) reasons behind financial decisions.
Accounting
It is the systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. In simple words, accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.
Financial Accounting
It is the process of recording, summarizing and reporting the myriad of transactions resulting from business operations over a period of time.
Managerial Accounting
It also known as cost accounting, is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an organization's goals.
Business Finance
It is the management of assets and money, is crucial for any company. Its primary focus is to increase profit and minimize financial risks. Business finance covers a multitude of diverse occupations, such as in global finance, budget analysis, portfolio management and financial forecasting.
Public Finance
It is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.
Personal Finance
It is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. When planning personal finances, the individual would consider the suitability to his or her needs of a range of banking products (checking, savings accounts, credit cards and consumer loans) or investment private equity, (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of and- / employer-sponsored retirement plans, social security benefits, and income tax management.
Managerial Finance
It is the branch of finance that concerns itself with the managerial significance of finance techniques. It is focused on assessment rather than technique. The difference between a managerial and a technical approach can be seen in the questions one might ask of annual reports.
Corporate Finance
It is the division of a company that deals with financial and investment decisions. Corporate finance is primarily concerned with maximizing shareholder value through long-term and short-term financial planning and the implementation of various strategies. It is the area of finance dealing with the sources of funding and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources.
International Finance
It (also known as international monetary economics or international macroeconomics) is the branch of financial economics broadly concerned with monetary and macroeconomic interrelations between two or more countries.[1][2] International finance examines the dynamics of the global financial system, international monetary systems, balance of payments, exchange rates, foreign direct investment, and how these topics relate to international trade.
Behavior Finance
It is a sub-field of behavioral economics, proposes psychology-based theories to explain stock market anomalies, such as severe rises or falls in stock price.
Management
It is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.
Marketing
It is the study and management of exchange relationships. Marketing is used to create, keep and satisfy the customer. With the customer as the focus of its activities, it can be concluded that Marketing is one of the premier components of Business Management - the other being innovation.
Marketing Management
It is the process of developing strategies and planning for product or services, advertising, promotions, sales to reach desired customer segment.
Financial Market
It s a market in which people trade financial securities and derivatives such as futures and options at low transaction costs. Securities include stocks and bonds, and precious metals.
Financial Institution
It is an establishment that conducts financial transactions such as investments, loans and deposits. Almost everyone deals with financial institutions on a regular basis. Everything from depositing money to taking out loans and exchanging currencies must be done through financial institutions.
The term "market" is sometimes used for what are more strictly exchanges, organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange.
Portfolio Management
It is the art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risk against performance.
Risk Management
It is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
Business Mathematics
It is mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.
Economics
It is a social science concerned with the production, distribution and consumption of goods and services.
Statistics
It is branch of mathematics dealing with the collection, organization, analysis, interpretation and presentation of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied.
Descriptive statistics
A branch of statistics which is used to describe the basic features of the data in a study. They provide simple summaries about the sample and the measures. Together with simple graphics analysis, they form the basis of virtually every quantitative analysis of data. Descriptive statistics are broken down into measures of central tendency and measures of variability (spread).
Inferential Statistics
A branch of statistics that which is use for random sample of data taken from a population to describe and make inferences about the population. You can measure the diameters of a representative random sample of nails. In simple words it is the process of using data analysis to deduce properties of an underlying probability distribution. Inferential statistical analysis infers properties of a population, for example by testing hypotheses and deriving estimates. It is assumed that the observed data set is sampled from a larger population. Inferential statistics can be contrasted with descriptive statistics. Descriptive statistics is solely concerned with properties of the observed data, and it does not rest on the assumption that the data come from a larger population.
Econometrics
It is the branch of economics concerned with the use of mathematical methods (especially statistics) in describing economic systems.
Microeconomics
Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. It is a branch of the economics that studies how the aggregate economy behaves. In macroeconomics, a variety of economy-wide phenomena is thoroughly examined such as inflation, price levels, rate of growth, national income, gross domestic product (GDP) and changes in unemployment.
Business Communication
It is information sharing between people within and outside an organization that is performed for the commercial benefit of the organization. It can also be defined as relaying of information within a business by its people.
Business Ethics
It is also known as corporate ethics which is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. In simple words, these are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice.
Logic
Logic (from the Ancient Greek: λογική, translit. logikḗ) originally meaning "the word" or "what is spoken", but coming to mean "thought" or "reason", is a subject concerned with the most general laws of truth,[2] and is now generally held to consist of the systematic study of the form of valid inference. A valid inference is one where there is a specific relation of logical support between the assumptions of the inference and its conclusion. In ordinary discourse, inferences may be signified by words like therefore, hence, ergo, and so on. In short logic is a
reasoning conducted or assessed according to strict principles of validity.
Human Resource Management (HRM or HR)
It is the strategic approach to the effective management of organization workers so that they help the business gain a competitive advantage, Commonly referred to as the HR Department, it is designed to maximize employee performance in service of an employer's strategic objectives.
Human Behaviour
It is the responses of individuals or groups of humans to internal and external stimuli. It refers to the array of every physical action and observable emotion associated with individuals, as well as the human race.
Psychology
is the study of the mind, its thought, feeling and behaviour. It is an academic discipline which involves the scientific study of mental faculties, functions and behaviours. Psychology deals mainly with humans but also sometimes with nonhuman animals. Because psychology may be difficult to study as a whole, psychologists often only look at small parts of it at one time. Psychology has much in common with many other fields, and overlaps with many of them. Some of these fields are medicine, ethology, computer science, and linguistics.
Social Science
It the scientific study of human society and social relationships.
Sociology
It is the study of the development, structure, and functioning of human society. In other words, it is the science of society, social institutions, and social relationships; specifically : the systematic study of the development, structure, interaction, and collective behavior of organized groups of human beings.
Computer Science
It is the study of automating algorithmic processes that scale. A computer scientist specializes in the theory of computation and the design of computational systems.
Management Information System (MIS)
It is broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization. MIS is the department controlling hardware and software systems used for business-critical decision-making within an enterprise.
Electronic Business
Electronic business (e-business) refers to the use of the web, internet, intranets, extranets or some combination thereof to conduct business. E-business is similar to e-commerce, but it goes beyond the simple buying and selling of products and services online. E-Commerce refers to online stores selling products while e-Business refers to any and all business solutions that use cloud or Internet-based portals.
Business Laws
It is sometimes called mercantile law or commercial law and refers to the laws that govern the dealings between people and commercial matters. Business laws consists of many different areas taught in law school and business school curricula, including: Contracts, the law of Corporations and other Business Organizations, Securities Law, Intellectual Property, Antitrust, Secured Transactions, Commercial Paper, Income Tax, Pensions & Benefits, Trusts & Estates, Immigration Law, Labor Law, Employment Law and Bankruptcy. It is a branch of law that examines topics that impact the operation of a business.
Labour Law
Labour law (also known as labor law or employment law) mediates the relationship between workers, employing entities, trade unions and the government. Collective labour law relates to the tripartite relationship between employee, employer and union.
Strategic Management
It involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. It is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives.
Project Management
It is the application of processes, methods, knowledge, skills and experience to achieve the project objectives. In simple words, it is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.
Investment Management
It is a phrase that refers to the buying and selling of investments within a portfolio, and can also include banking and budgeting duties, as well as taxes. The term most often refers to portfolio management and the trading of securities to achieve a specific investment objective. In simple words, Investment management means the management of investments for a financial institution or its clients.
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