Corporations are among the major actors of the world economy by virtue of the production they materialize, the employment they provide, and of the taxes they pay. In today's world, the financial power of corporations have come to be compared with that of national economies. Also, considering the fact that many innovations are now realized on a world scale through the vital support and coordination of corporations, their importance are crystall clear in the modern economy. Moreover, the process of globalization and the consequent global economic transformations that have occurred in the last three decades have incresed the significance of understanding corporations more fully.
The main goal of the discipline of management (business administration) is to educate future entrepreneurs and managers, who have embraced modern management styles, and are open to new developments, prone to team work with efficient communicative skills, aware of the social responsibilites of the companies that they run, and who see competition as a lifestyle. Within this framework, management departments offer their students the educational programs that entail both theoretical knowledge, practical information and skills that they can use in different phases during their careers.
Why Department of Management in Turkey
The answer to the question of why one should persue higher education in management in Turkey is closely related to knowing the future economic advantages that Turkey has. That Turkey has a great potential for economic growth becomes evident when a number of advantages that she enjoys are considered, including her geographical location and geo-political position as well as the demographic projections regarding her future. And the recent economic developments that Turkey has achieved, despite the global financial crises, indicates this great potential. An important role in this economic growth has been played by entrepereneurs. Therefore, having management education in Turkey will not only offer theoretical knowledge to students, but also an opportunity to be part of this enormous potential.
On the other hand, the benefits of the management discipline that it has provided (and is expected to provide in the future) has increased the demand for this department on the part of both students and academics. This has resulted in the increase in the quality of management education in Turkey; some departments even provide world class education in this field. These positive developments are also expected to continue in the future.
Management Education in Turkey
Departments of Management entail the following sub-divisions:
The Accounting and Finance division aims to teach students from an academic and interdisciplinary perspective how to organize the financial records, which corporations have to keep for both themselves and their shareholders, in the most appropriate and ethical way
The Management and Organization division's goal is to teach students both theoretical knowledge and practical information about managing all the processes that corporations are involved with in the most efficient and useful manner for the corporation from the perspective of modern management principles.
The Production Management and Marketing division: The production of goods or services is a complex process that involves the organization of many factors, such as human resources, raw materials and the place of production etc. While the production of a commodity that the customers will like is extremely important for corporations, having this commodity reach the customer and letting them know about the existence and main features of that commodity are equally important. Thus, this sub-division of management aims to teach, from an academic disciplinary perspective, all the details regarding the production process of a corporation and the marketing of the commodity.
The Quantitative Methods division aims to teach the students the quantitative research methods required for measurement and evaluation in all the processes of corporations, including particularly the planning process.
The Cooperative System division entails the teaching of theoretical knowledge and practical application in the establishment and management of cooperatives, which are defined as commercial organizations founded for the benefit of their shareholders.
The Commercial Law division: All activities undertaken by corporations are complex processes that involve many different stakeholders. For this reason, both the corporations and stakeholders have certain rights and responsibilities vis-a-vis each other that are sanctioned by different laws. This division thus aims to teach the legal regulations that both corporations and stakeholders need to work, on both national and international scales.
Essential and Desired Qualities, and Job Opportunities
One of the essential goals of the management departments is to educate future entrepreneurs and managers, which require students to have active personalities with a great potential to communicate with others effectively. In addition to these commucative skills, management students also need to have a sound basis in mathematics, which are needed in all the processes of management, in order to successfully complete this program.
Graduates of management departments can find jobs in many different commercial organizations, including particularly banks, financial institutions, accounting auditing firms, the capital market mediator institutions, management consultation firms, and marketing companies. Moreover, their background in managerial training will help them find jobs in civil society organizations. They also have the opportunity to work in public institutions as well as in the private sector. Finally, those students who continue to Master's or PhD level education may also choose a career in the academic sector.