Business, Consulting, and Finance

Consulting

Consulting is the practice of helping companies increase their efficiency and profits by addressing the major operational or strategic challenges they’re facing. There are four main types of consulting: management strategy consulting, financial consulting, information technology consulting, and human resources staffing/consulting.

Consulting Toolkit
 

Consumer Products/Retail

The general consumer products industry produces goods that the public wants or needs. It produces two types of goods: durable and nondurable. Durable goods have a long life span and hold up over time; examples of durable goods are cars, electronics, tools, and washing machines. Nondurable goods, which do not last as long, include such products as food, cosmetics, and clothing. General consumer products are sold in retail stores, door-to-door, by mail order, and online.

Today, retail is a complex and diverse field. It involves the selling of all types of physical goods, such as automobile parts, pharmaceuticals, clothing, health care products, books, and food, as well as services, such as automobile repair or rug cleaning. The retail field consists of supermarkets, department stores, chain stores, specialty stores, variety stores, franchise stores, mail-order houses, online merchants, and door-to-door sellers.

Entrepreneurship

Entrepreneurship is the process of starting and developing a company, with the aim of delivering something new or improved to the market, or by organizing the means of production in a superior way. This process is principally organized through the formation of a startup company, is managed by entrepreneurs, often under considerable personal and financial risk, and is temporary in duration, as a phase in a business’s lifecycle. 

A key distinction between start-ups and other small or young businesses is an aspiration (realized or not) to substantially grow. As companies mature out of the start-up phase, they evolve into sustainable businesses, are acquired or sold to public investors, or decay and may eventually shut down, as new companies start-up and take their place.

Finance/Banking

Finance is a broad term that describes two related activities: the study of how money is managed and the actual process of acquiring needed funds. It encompasses the oversight, creation and study of money, banking, credit, investments, assets and liabilities that make up financial systems.

Human Resources

Human resources is the department or division of a business, corporation, or organization that manages all aspects related to its personnel, including recruiting employees, training and career development, overseeing compensation packages, managing benefits plans, and other duties that serve to maximize a company's business and its employees' satisfaction with their jobs. Simply, the function of the human resources industry is to produce competent personnel and to keep employees productive. More than 800,000 people work in human resources and related fields today. (Source: Vault)

Insurance

The insurance industry comprises companies and people who develop insurance policies, sell, administer, and regulate them. Some insurance companies offer investment products and employ people who develop, sell, administer, or service these products. Insurance is about managing risk, for both the insurance company and its customers. The insurance industry is divided into three main branches: life insurance, health insurance, and property and casualty insurance.

Real Estate

The real estate industry encompasses the many facets of property, including development, appraisal, marketing, selling, leasing, and management of commercial, industrial, residential, and agricultural properties. This industry can fluctuate depending on the national and local economies, although it remains somewhat consistent due to the fact that people always need homes and businesses always need office space.

Real Estate Toolkit
 

Sports Business

Sports business (management) is the study and practice of all people, activities, businesses, or organizations involved in producing, facilitating, promoting, or organizing andy sports-related business or product. The sports business industry consists of numerous other segments, some of which are sports tourism, semi-professional sports, recreation, high school and college sports, outdoor sports, and sports-service businesses such as sports marketing firms, sports sponsorship management companies, and sport governing bodies. Essentially, in the sports business industry, there are numerous jobs that combine two interests into one job (e.g. photography, computer programming).