---- OR -----
Mandatory Courses (4)
The AIM designation is comprised of the following four mandatory courses along with any four other optional courses.
(1) Introduction to Management
(2) Operational Management
(3) Financial Management
(4) Strategic Analysis
Optional Courses (4)
(5) Business Process Management
(6) Managerial Economics
(7) Project Management
(8) Managerial Communications
(9) Organizational Behaviour
(10) Canadian Business Law
(11) Managerial Accounting
(12) Managerial Marketing
(13) New Product Design and Development
NOTE: Other courses may be acceptable for course substitutions from accredited programs of study.
Award of Excellence
The Canadian Web Awards has been a trusted source for independent website reviews since 2000.
The Award of Excellence is presented to a website for excellence in design, intuitive user interface, exceptional user experience, and engaging content.
Award of Distinction
The inaugural Award of Distinction presented to the Canadian Society of Management Professionals in recognition of innovative design and user experience embracing the highest standards for outstanding commitment to quality, user experience, and member engagement. The Award of Distinction, our highest honour, acknowledges both creativity, professionalism and a commitment to informative original content.
ISO 9001:2015 Registration
The Canadian Society of Management Professionals is proud to have received ISO 9001:2015 quality management system certification. The ISO standard specifies requirements for organizations of any type to demonstrate an ability to consistently provide services and products that meet or exceed their client’s requirements with an aim to enhance customer satisfaction through the application and improvement of their quality management systems. ISO 9001:2015 Quality Management System registration provides a framework for implementation, maintenance, and continual improvement of internationally instituted quality best practices.
Be the first to hear about upcoming course registration and special events.
CSMP Membership benefits include:
Business administration focuses on carrying out business processes to meet the requirements set in place by management.
Business management is the ongoing evaluation, monitoring and control of resource inputs to achieve a desired output for the business.
Business management focuses on the alignment of strategies and tactics to accomplish business objectives. In simplified terms, management focuses on planning and organizing people and resources. Business administration focuses on the detailed processes and usually specialize in focus areas.
Managing a business requires deep and careful consideration in many areas. It often requires many individuals with a diverse set of skills. Every business is unique and as such, there is no quick answer to ‘how to manage a business’. The best way to answer this question is with real case examples. If one were to develop a formula for this question, it would go like this: inputs (resources, etc.) + controls = results, with continuous evaluation of the latter to ensure the ‘right resources’ and ‘right controls’ are in place to achieve desired results.
Managing a business is an ongoing process that requires careful planning, organization, allocation of resources, and continuous iteration of the former.
Small businesses require far more care due to the limited resources. While limited resources can be viewed as a constraint, this can actually make an organization more efficient because each resource is precious.
Continuity management is a planning process where an organization prepares for worst-case scenarios by creating prevention systems, such as documentation. These scenarios could include environmental disasters, legal issues, hidden factory, personnel moving on, and other business related adversities. This ideology focuses on minimizing risk, business recovery and crisis management.
Ethical management is vital to ensuring long lasting relationships with customers, suppliers and the general public. Ethical practices flow through an organization entirely, from top management to front-line employees. The economic benefits can also be significant, as many consumers base purchasing decisions on a company's ethical or unethical practices.
Strategy is an overall plan management uses to achieve objectives.
Tactics are the everyday actions taken in line with the strategy to achieve the objectives.
Risk management is preparing for- and planning responses to anticipated disasters or everyday business risks. This could include political, economic, social, technological, environmental or legal risks.
Managerial accounting involves analyzing and interpreting company data for internal use. Managers often use the information gathered from this data to make decisions and develop reports. These reports are shared with other departments within the company and are used to help formulate short-term and long-term goals.
Business process management (BPM) is a term used in operations management where managers outline the current process to determine what aspects are working and what can be improved. The goal is to discover new ways to optimize the flow of operations to improve efficiency and reduce costs. Any suggested changes should be gradually implemented over time and continuously monitored to evaluate its’ effectiveness. It is important to note that business processes should be evaluated on an ongoing basis to ensure that processes are optimized.
Studying business management will provide you with a deep understanding of various facets of business including finance, accounting, marketing, global management and business law. The theoretical concepts that you will learn in this program will set you apart from other candidates in the workplace and will make you eligible for a higher paying job. Not only will you gain a solid theoretical background, but you will also develop various transferable skills. Some of the skills that you will learn include problem solving, decision making, communication and time management skills. In addition, since it is a broad area of study, you will have a wider range of future career opportunities. For instance, you could take on a career in sales, marketing, banking, teaching, market research, public relations, or finance to name a few. The opportunities are endless with a degree in business.
The required courses will vary depending on the school that you attend. In general, the first two years of a business management degree will consist of required courses such as accounting, economics, human resources, marketing, statistics, operational management, finance, business information systems and communication. After the first year, most educational institutions will give you an opportunity to narrow your focus of study and specialize in an area of interest. Upon specialization, you will have a wider range of courses to take. With that being said, every school has a slightly different business management curriculum and it is important to visit each school’s website for more information.
Systems theory involves analyzing various elements in an organization and ensuring that they are all functioning cohesively. During this process, managers should be looking for patterns in the operation where a standard operating procedure could be implemented. These standard procedures are developed to improve the coordination within and between departments and help to ensure that a company’s end goal is reached.
First, determine where you would like to study. There are many educational institutions that offer business management degrees and it is important to find one that best suits your needs. For instance, you may make your decision based on the location, the number of extracurricular opportunities, price, or on reviews. Secondly, narrow down your decision to the top three schools that you are interested in attending. Even though you may be very eager to attend one particular school, it is always a good idea to have a backup plan. Thirdly, research what the application process is for each educational institution. Every institution will have slightly different procedure for you to follow, so it is important to find out in advance what documents and forms that you will need. In general, most institutions require a transcript from a secondary or post-secondary institution. Lastly, after gathering all the information required, you can submit your application.
The cost of a business management degree will vary depending on the institution that you attend. Information regarding tuition and fees should be readily available on each institution’s website and it is recommended that students research the costs involved before applying. According to Statistics Canada, the average yearly tuition cost of a business management degree is $7400 (2019). There will likely be additional fees that may not be included in the tuition cost including accommodation, transportation, books, supplies and food.
There are four levels of degrees: Associates, Bachelors, Masters, and Doctorate. Depending on the school that you attend, you will either receive an associate degree or a bachelor’s degree in business management. For instance, community colleges and technical schools typically offer associates degrees in business management. On the other hand, university’s and select colleges offer bachelor’s degrees in business management. Associates degrees take approximately two years to complete and are focused on preparing you for a career. Bachelor’s degrees take four years to complete and provide students with an in depth understanding of an area of interest.
Managers can use a variety of tactics to effectively manage employees. To start, managers should carefully select candidates for the job. If managers can find employees who are self-motivated and share the same values as the company, they will be much easier to manage. Secondly, managers should have an open communication system. This could involve having weekly meetings to help the team stay focused on their goals and remain productive. Thirdly, managers should engage and motivate their staff to perform at their optimal level. For instance, managers can provide incentives for reaching targets or provide positive feedback for a job well done. This will create a positive culture in the workplace and allow the business to operate smoothly.
A business manager is responsible for overseeing operations and managing employees. They are the individuals who delegate tasks and ensure that objectives are being met. They often set SMART (Specific, Measurable, Attainable, Relevant and Timely) goals for the team and occasionally provide incentives for when goals are met or surpassed. In general, they must continue to evaluate the performance of their team to ensure that they are operating at the optimum capacity. If a company is underperforming, it is up to the managers to communicate this to their employees and rectify the problem.
In the past, managing business contacts involved an exchange of a business card or writing down contact information into a notebook. With modern technology, there are many new and improved ways to manage contacts more efficiently. For instance, there are a variety of free apps and software that can be used to organize contacts. In fact, some of the apps allow you to digitally store business cards, making it easier to keep track and search for contact information. Other than phone applications, there are a variety of software tools that can be utilized to help manage contacts such as Microsoft Word, Excel, or Google Contacts. These software applications can automatically place contacts into alphabetical order and divide them into categories. For example, more valuable contacts could be grouped into a category called “high priority” to make it easier to find their information. The flexibility of these applications will make managing contacts simple and efficient. Some individuals still prefer to use more traditional methods to organize their contacts such as keeping a list in a notebook or phone directory. At the end of the day, it is personal preference to how you organize your contacts and you should use the method that works best for you.
A business manager’s salary will depend on the company, industry, and the number of years experience that the individual has. According to a study, the average business manager salary is $64,536 (Payscale, 2019). Generally, the more education and experience that you have, the more likely that you will have an above average salary.
The key to managing a business budget is to plan in advance. This involves looking at previous years balance sheets and income statements to understand your financial position. If you would like a deeper understanding of your finances, it could be beneficial to hire an accountant. After analyzing the business's finances, you will be able to forecast the percentage of your revenue that will be allocated to cover costs. In addition, it is important to set some money aside for unexpected costs that could arise. It may be helpful to create a spreadsheet to keep track of where each part of the budget will be allocated. This spreadsheet should be periodically monitored to ensure that the company remains in a good financial position.
Cash flow management requires budgeting and monitoring mechanisms to ensure there is always enough cash on hand. This includes forecasting to anticipate cash inflows and outflows.
Business information management is the process of collecting and analyzing information in order to help managers make effective decisions. Data analytics are often used to automatically sort, analyze, and find trends in large amounts of data. Managers then use this information to detect issues and make forecasts about the future of the company. To ensure that information is utilized to its full potential, companies should have a system in place for how they will collect, communicate, and store information.
Business software varies by industry, but some of the key ones include the Microsoft Office Suite including excel, Google Suite, SAP, Oracle, Salesforce, Agile/Scrum, Tableau and countless others.
CSMP Membership benefits include: