Essential Skills You’ll Acquire with a Bachelor of Business Degree
Communication Skills
Effective communication is a key skill that every working professional should acquire. Whether written or verbal, communication is the backbone of good business. Mastering this skill from a grassroots level is highly beneficial. It can be crucial to a successful business career. As a business professional, you’ll need to be able to communicate with internal and external sources. Whether with stakeholders or employees, prioritising clear communication is important to your success. Functional leadership and management also rely heavily on communicating effectively. So if you want to work your way to the top of a company, having this skill is paramount to your success.
At Western Sydney University Online (WSU Online), we know the importance of good communication when it comes to business. Therefore, we equip students with the necessary tools to be effective communicators. Through presentations, group projects and assignments, students hone their communication skills. These exercises and tasks set students up for real-world application of this skill. With this, you can build career-lasting relationships and leadership qualities.
Problem-Solving Skills
Promoting efficiency, resilience and productivity, problem-solving skills are fundamental in business. Having problem-solving skills allows you to navigate uncertainties within a company. It enables you to identify challenges. It also allows you to analyse challenges and develop strategies to address them. Without this fundamental skill, a business will struggle to face and process challenges. Problem-solving skills also allow you to capitalise on opportunities. It allows you to maintain a competitive edge in a business environment.
Graduates of our Bachelor of Business degrees leave WSU Online with problem-solving skills that will stay with them throughout their careers. With subjects such as Contemporary Management Issues and Processes and Evaluation in Employment Relations, students will be exposed to real-world projects that blend individual and group activities with self-directed, problem-based learning.
Leadership & Management Skills
Acquiring leadership and management skills early on in your career can assist you in successfully climbing the ranks. In business, having good leadership and management has essential benefits including the following:
- Creates an environment where employees feel respected, valued and motivated. This, in turn, allows them to do their best work.
- Increases employee retention rates which often leads to better productivity and profitability.
- Creates a culture of innovation and collaboration that can lead to better customer service and decision-making.
Considering these benefits, WSU Online specifically incorporated leadership and management subjects into our business courses. Students can gain the foundation to build their management and leadership skills with subjects like Managing People at Work, Leadership and Entrepreneurship, and Enterprise Leadership.
Strategic Thinking Skills
In this competitive industry, business professionals must keep up with evolving. You need to stay on top of the latest business practices, laws and regulations. With fluctuating markets and digital trends, things can change instantly. It is therefore essential that you have strategic thinking skills. Strategic thinking is a detailed process. It includes setting clear priorities, goals and action steps for a company. Here are some of the key benefits of acquiring strategic thinking skills:
- Be more proactive in planning for a business’s future and creating its success.
- Providing clear direction through goal setting and actionable steps.
- Creating obtainable goals that an individual, team, department or entire company can achieve.
- Increase profitability through a strategic action plan, tracking results and evaluation.
Through subjects like Creating Change and Innovation and Strategic Management, students of our online Bachelor of Business degrees can become strategic thinkers. Throughout your studies, you’ll have the opportunity to put your strategic thinking to the test. Through specialised, real-world projects and assignments, you can practise this important skill.
Technical Skills
Thriving in the digital world should be a priority for business graduates. With cybersecurity, AI and social media becoming more prevalent, you’ll need technical skills. Today, almost anything can be done online. And without the technical skills to support this ever-evolving digital space, you won’t be able to keep up.
Depending on the business specialisation degree, your technical skills may differ. Here is a brief breakdown of broad technical skills you will need:
- Analytics: For all WSU Online’s business degrees, you’ll need to be able to read, understand and decipher course-specific analytics. With this data, you’ll need to provide strategic insights to a business.
- Online tools: You’ll need to have a firm understanding of online services, tools and software. Having prior knowledge of specialised online tools will increase your work eligibility. For example, our Bachelor of Business (Accounting) degree, gives you an understanding of accounting information systems, corporate accounting systems, and auditing and assurance services.
As a vast, multifaceted industry, business can seem overwhelming to new graduates. But with these career-defining skills, you will be able to navigate the field with less hesitation.
Interested in gaining these career-defining business skills? Explore our online business courses here.
For more information on our business degrees, get in touch with our Course Consultant today.