Report on Developing Academic and Professional Skills in Business

This report examines the challenges faced by business management students and the importance of developing effective academic and professional skills. It highlights the significance of skills such as financial management, stress management, and teamwork. The report includes a personal SWOT analysis, identifying strengths, weaknesses, opportunities, and threats, and proposes an action plan for skill development. The action plan focuses on setting a proper vision, improving time management, and enhancing coordination and teamwork abilities. The conclusion emphasizes the importance of academic and professional skill development in defining career paths and stabilizing personal matters. Desklib provides access to this report and other study tools to support students' academic and professional growth.

Developing Academic and
Professional Skills

Table of Contents
 INTRODUCTION
 Challenges faced by Business Management Students
 Importance of effective academic skill development
 Importance of effective professional skills development
 Personal SWOT Analysis
 Action Plan
 References:

INTRODUCTION
Business Management involves the effective
management and coordination of organisation and its
business resources to achieve specific objectives. The
study of Business management allows a person to
develop a broad understanding of specific knowledge
in management in areas such as markets, operation,
business policies, strategy and customers etc.
(Chapman, 2020).

Challenges faced by
Business Management
Students
 Financial management
 Keeping up with the hectic curriculum
 Stress management
 Balancing academics with other elements of life
 Learning to work in a team

 Opening up new opportunities
 Increasing the level of productivity
 Improving career prospective
 Raising the status quo
 Building confidence
Importance of effective academic skill
development

Importance of effective professional skill development
 Opening up new opportunities
 Increasing the level of productivity
 Improving career prospective
 Raising the status quo
 Building confidence
 Improves problem solving ability

Personal SWOT Analysis
Strength
 Creative and Innovative.
 Committed to my
objectives.
 Great at understanding
people and solving
interpersonal issues.
Weaknesses
 Lacking proper vision for the
future.
 Not good at managing time.
 Not comfortable while
working in a team.
Opportunities
 Opportunity to gain insights
about the professional
world.
 Improving the interpersonal
relations with my peers.
 The opportunity to learn
new skills and improve my
morale.
Threats
 Keeping up with the new
technologies.
 Keeping up with the
financial needs.
 High competition

Action PlanSkills Resources Judging criteria Time period
 Setting the proper vision Reflecting on my values and
evaluating my skills will help me in
setting the proper vision.
Whether my vision is set proper can
be judged by my mentors, guardian
and peers with good intellectual
capacities.
The time period for setting up a
proper vision could range from a
month to even a year depending
upon the knowledge I posses and
confidence I have in my abilities.
 Time management Setting up proper objectives and
prioritising the important tasks are
key to improving my time
management skills.
I myself am the best judge for my
own time management skills.
Managing time should be made key
in regular routine. To make it my
habit, it might take few months.
 Improving coordination and
team work
Communicating with my peers and
knowing the strengths of my team
members will help me having better
coordination and team work.
My team leader and colleagues are
the best judge of my team and
bonding skills.
It would take bonding sessions and
few weeks of working together to
improve my team skills.

CONCLUSION
In this report it was observed how students and
professionals have to tackle challenges against their
respective issues. Also, it can be concluded that
academic and professional skill development are
important in defining people's career and stabilising
personal matters.

References
 Chapman, M., 2020. Social anthropology and business studies: some
considerations of method. In Inside Organizations (pp. 19-33). Routledge.
 Mullany, L., 2020. Sociolinguistic awareness in business professionals: Breaking
stereotypes and language myths. Cambridge University Press (CUP).
 Rode, J., and et.al., 2021. How to encourage business professionals to adopt
sustainable practices? Experimental evidence that the ‘business case’discourse
can backfire. Journal of Cleaner Production, 283, p.124618.
 Santoro, and et.al., 2018. Big data for business management in the retail
industry. Management Decision.