Business Management Challenges: Skills, SWOT Analysis & Development

This report provides an overview of the challenges faced by students studying business management and thriving in professional practice. It highlights the importance of effective academic and professional skills development, focusing on teamwork, networking, adjusting to new environments, and scheduling. The report includes a personal SWOT analysis, identifying strengths, weaknesses, opportunities, and threats, with a detailed example of actions to develop skills identified as weaknesses, particularly time management. The conclusion emphasizes the significance of business management studies and professional development for students, enabling them to become capable individuals and increase their productivity in the workplace. The report also references relevant academic sources.

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Content
• Introduction
• Challenges of studying business management and thriving in professional practice (with appropriate examples)
• The importance of effective academic skills development
• The importance of effective professional skills development
• Identification of one skill that is particularly important – personal SWOT analysis
• Detailed example of the actions that would be taken to develop skills identified as weakness in SWOT analysis
• Conclusion

INTRODUCTION
Business management includes the direction, association and coordination of organisation's assets
and activities to accomplish particular goals. A business administrator has a wide scope every day
obligations that should be performed to guarantee the general health of the business and its projects,
team members and cash flow. It assists the manager to accomplish the resources are being utilised
efficiently and effectively. It is helpful to the individuals who want to pursue their career in the
business related activities because it gives a brief understanding of the specific areas such as human
resources, operations etc (Astrachan and et. al., 2020). In this report, the challenges which are faced
by the students for studying business management for prospering in the professional world are
explained. The value of an effective and professional skill development is discussed and the SWOT
analysis of the effective team working skills.

Challenges of studying business management and thriving
in professional practice (with appropriate examples)
Studying business management mainly teaches the daily
operations which are conducted such as finance,
operations, sales, marketing etc. These aspect define the
administration as a whole. But for studying there are
various challenges which are faced by the management
students, such as:
• Team work
• Networking and Socialising
• Adjust in a new surroundings
• Scheduling

The importance of effective academic skills development
Academic skills are the abilities which is essential for the student to acquire time management tools
and learning strategies which helps the students in an efficient way. It helps in succeeding in the
academic process and will reflect the whole potential of the student.
• It aids in gaining the self confidence and builds the esteem power.
• It will help in the future at the workplace, as the individuals will be more responsible for the work
and will not play a blame game.
• It will assists in improving the communication skills and will lead to drive up the confidence
(Culver, Braxton and Pascarella, 2019).

The importance of effective professional skills development
Professional abilities improvement can change and enhance the
gaining knowledge of consequences of an individual. This
talent open the door of recent possibilities for the employees.
• Extends the Knowledge
• Credibility and confidence
• Procuring potential and hireability

Identification of one skill that is particularly important –
personal SWOT analysis
Personal SWOT Analysis
STRENGTHS
• Good Communication skills
• Good Networking
WEAKNESSES
• Time Management
• Technical Skills
OPPORTUNITY
• Decision – making
• Problem – solving
THREATS
• Multi – tasking
• Professionalism
One skill that is particularly important, but I am weak at: Time Management is one skill that is m\very
essential to succeed in life but I am very weak in it, and need to improve it as fast as possible.

Detailed example of the actions that would be taken to
develop skills identified as weakness in SWOT analysis
Skills Target needed Development of these Skills Judging criteria Time frame
Time
Management
High As I will go in the professional
world, it will come inherently to
manage the time. Because, if I am
not be able to pull off the, I
cannot succeed in my career. I can
set the short – term goals to
achieve them within the specific
period.
I can measure it
by taking
feedbacks from
the people around
me.
01/06/22

CONCLUSION
From the report it can be concluded that, it is exceptionally essential for the students
to study business management. During this study, they face many difficulties like
distinctive climate, new people groups and costs. Be that as it may, this learning is
viable and significant for students, since it help in motivating them and make them a
capable individual. Proficient improvement likewise significant for an individual or
working class at the work place. This professional development will increase the
ability of the representatives for work imagination and make capable them to
expand their productivity.

References
• Astrachan, C.B. and et. al., 2019. Marketing and branding in family business: Assessing
the landscape and charting a path forward. Journal of Family Business Strategy. 10(1).
pp.3-7.
• Astrachan, J.H. and et. al., 2020. Values, spirituality and religion: Family business and the
roots of sustainable ethical behavior. Journal of Business Ethics. 163(4). pp.637-645.
• Chopra, V., 2020. Activities for integrating speaking with reading and writing
skills. Language and Language Teaching. 9(2). pp.76-79.

Thank you