The Value of MBA in Today's Day and Age
What is the MBA guarantee in today's day
and age?
The overall understanding of what is the
necessity behind acquiring an MBA degree, how it is useful and why it is
beneficial to the many industries running operations today.
Depth, not breadth, is the key. Promoting yourself
is the key and not being the arrogant brat for having done something
extraordinary previously. This quality and characteristic is what MBA shapes in
a professional. MBA is best perceived when it bridges the gaps in your
knowledge, and allows you to make full use of it and work efficiently better
than previous performances. That is, for example- it is difficult for every
technical guy to know everything about a business as to how to run it, how to
hire a talented resource pool, how to manage expectations of investors, how to
chart out results that please the investors, how to efficiently manage the team
and maintain balance in the management etc etc, even though there are some who
have shown the world results that were better than expected, and we read about
them. But for an average technical person who has been in the industry for some
time, an MBA helps him to understand and co-relate all the factors of a
business world and build up a substantial career after pursuing a
specialization. It doesn't make him/ her smarter over the period of course but
he will be tuned to be well aware of what is going on around him/ her. It is
the simple philosohpy of saying whether the grapes are sour until you taste
them.
It is a known fact that knowledge goes from fresh
to dated to obsolete as time passes. What MBA elucidates is the set of
acquiring and utilizing certain set of skills and honing of talent that they
stay for a long life in professional career. Some of the qualities and skills
such as a comprehensive course in functional skills, the inculcation of a
structured thinking process, an awareness of the prevailing business
environment, the development of people management skills, quick access to the
latest research in management science, access to an active and accomplished
alumni base, and lastly a window to further opportunities and creating a niche
market.
But the evolution of deriving this value has gone
through several litmus tests over decades of studies. Ivy league universities
and many top level management firms have done extensive studies and churned out
talents and knowledge base to give out answers to four Ws and one H to MBAs,
but that uniqueness in each individual pursuing a management course can be
immeasurable and incomparable. Many CEOs feel MBAs are absolutely essential—but
one must find the right program for themselves, and as soon as one is on the
right path that they have chosen after careful analytical thinking, then that
graph will be seen as going upward and will be seen as a useful added extra
point in recruitement. Basically, an MBA makes it easier if you’re looking for
a fresh start, say for example- a teacher wishing to start a business or
start-up an enterprise because of an excellent idea and prospective business
growth, in a new industry it becomes a difficult task if they are not fully
equipped with skills or knowledge to sustain it.
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