2015 was a big year for the business industry, featuring a host of new challenges and changes for the world’s top business professionals. Increased digitization, new management styles, and more have changed the modern office, careers in business now more complex and specialized than ever before.
There’s no better time to pursue a business management career. Whether you’re interested in starting your own business or bringing your organizational and administrative skills to an existing organization, the right training can prepare you for lasting success in the business world. Understanding the ins and outs of the fast-paced business environment will be your job, so a working knowledge of industry trends will be great to keep in your back pocket.
Here are today’s four biggest trends in business management:
1. Business Management From Home: Hiring Remote Workers
With more and more work being taken into the digital cloud, accessible and exchangeable from anywhere and everywhere, many of the industry’s leading businesses have employees (and even management staff) who work from home.
Xerox, Dell, American Express, and Lockheed Martin all topped 2015’s list of companies who hire the most remote workers. Their upper-management boasts flexible working hours, and great percentages of their companies’ work are done out-of-office—from mass data-entry to creative design and more.
The right program will give you hands-on experience with the industry’s latest technology
2. More Millennials in Business Leadership Roles
The time has come for the world’s millennial generation to begin assuming more responsibility in the business world. Many people who were born between 1980 and 2000 are either in business college taking their first steps down their career paths or out in the world as business program graduates making their mark.
In recent years, social scientists have identified a “leadership gap” in the business scene between millennials and older generations in the business world. But with 10,000 baby boomers reaching retirement age (65) with each passing day from now until 2030, millennials are beginning to tip the scale and take on more and more business management roles. This means if you’re a business-minded millennial with the latest training, leadership opportunities are now awaiting you.
3. ‘Collaborative’ vs ‘Command’ Styles for Careers in Business Management
Business management training will prepare you to manage employees of your own, and when you do, you may want to consider adopting a collaborative/command leadership approach. This year it was cited by former Chilean president Michelle Bachelet and World Food Program executive director Josette Sheeran, who both promote collaboration/command as the best way to motivate employees while maintaining their trust.
“It needs to be hierarchical but also needs to be flexible,” explained Sheeran at this year’s World Economic Forum. Leaders agree this is the ideal balance to strike: Collaboration shows employees you’re open to exchanging input, while the command side of the coin reminds them you can handle business on your own.
Young leaders are pursuing the training they need to take on leading management roles
4. Continuing Digitization of the Business World
Domestic and international business processes are becoming more digitally-reliant by the day. That’s why top training programs like AOLCC’s Business Management and Business Administration diplomas offer you state-of-the-art courses on business in the electronic age.
The right program will give you hands-on experience with the industry’s latest technology.
A noteworthy sign of this digitization was 2015’s “webroom” trend, wherein the traditional business showroom or expo model was taken online. People browsed “webroom” pages instead of expo aisles, exploring digital showcases of businesses’ retail products and services. This means it paid for companies to hire digital-savvy employees this year.
With the right training and a finger on the pulse of the business industry, nothing can stop you from finding success in a business management career of your own.
Are you interested in starting one of the many rewarding Business Programs careers in business management?
Explore a Business program today with Academy of Learning Winnipeg North