Essay Question
Some people think that the best way to learn about business is to study a course at college or university. Others believe that there are other better ways to learn about business.
Discuss both views and give your opinion.
Sample Answer
In the modern world, business knowledge is considered a valuable asset for career success. While some people argue that the most effective way to acquire business skills is by enrolling in university or college programmes, others believe that practical experience and alternative learning methods provide better results. Both perspectives will be discussed before I present my own opinion.
On the one hand, formal education in business schools offers structured and comprehensive learning. Universities provide courses in finance, marketing, management, and entrepreneurship, which equip students with theoretical foundations and analytical skills. Moreover, learners benefit from networking opportunities with professors, peers, and alumni, which can open doors to internships and job placements. For example, many multinational companies prefer to recruit graduates from reputable business schools because of their strong academic training and problem-solving abilities.
On the other hand, critics of formal education argue that business success depends largely on real-world experience. Many renowned entrepreneurs, such as Steve Jobs and Richard Branson, never completed business degrees, yet they built global empires through creativity, risk-taking, and hands-on learning. Running a small business, working in start-ups, or even learning from mentors can often teach individuals practical strategies that cannot be fully captured in textbooks. Furthermore, in today’s digital age, online courses, workshops, and self-study provide affordable and flexible alternatives for acquiring business knowledge.
In my view, a combination of both approaches is most effective. University courses provide a solid theoretical base, while real-world experience fosters adaptability and innovation. Business, by nature, is dynamic, and relying solely on academic learning or practical exposure may be insufficient. Therefore, integrating classroom knowledge with real-world application offers the best preparation for future entrepreneurs and business leaders.
In conclusion, while business schools offer structured learning and valuable qualifications, practical experience and alternative methods also play a crucial role. A balanced approach that combines both theory and practice is, in my opinion, the most reliable path to mastering business.
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