Business influences jobs, incomes, and opportunities for private enterprise and development. Businesses have a significant effect not only on the quality of living and the quality of life but also on the environment in which people live.
At some point in their lives, all students will encounter the world of business. Therefore, they must be prepared to engage in endeavors with confidence and competence by understanding how businesses function and the role they play in our society. Students should familiarize themselves with the skills required in the business environment and the impact these skills can have on their own lives and society.
Studying business will build a strong foundation for those students who wish to move on to further study and training in specialized areas such as management, international business, marketing, accounting, information and communication technology, or entrepreneurship. It will also provide practical skills for those who wish to move directly into the workplace.
Business studies also provide students with a new, practical context for many of the topics they have studied, including mathematics, science, technology, language, and social studies. It will help students recognize the relevance of these subjects as they are applied in the world of business – for instance, in helping people with their needs, challenges, and problems; and in creating products and services that help to improve the quality of life.
Business studies demonstrate how a variety of areas of study can be combined in productive activity. It provides an increased understanding of mutual dependence throughout the business system as people become increasingly interdependent. Finally, since the business environment is dynamic and ever-changing, it can be a crucial tool to develop skills to address change.