A Story For a Future MBA'er
Career demands have become so challenging these days that employees need to equip themselves with skills that will ensure they continue to be competent on the job and relevant to their organization. It doesn’t matter whether you are a supervisor, a manager, a business owner, or just a shareholder. To get ahead, you will need both managerial and administrative skills.
Over the years, business schools discovered the necessity to have people undertake a course in management and business administration. Therefore, the Masters in Business Administration (MBA) degree came to birth recently in the 20th century during an industrial revolution.
As technology evolves, organizations need to also evolve in their operations. The Masters in Business Administration will position the individual to efficiently manage resources and take advantage of technology to gain competitive advantage over other players in the industry.
Masters in Business Administration adopts a scientific approach to management and is suitable for anyone as it assists them in running their businesses excellently. It gives one an opportunity to learn and attain knowledge from various fields in the business sector. The areas of study include Accounting, Marketing, Business Ethics, Management, Business Law, Finance, Managerial Economics, Applied Statistics, Business Communication, Management Analysis as well as Strategy. The knowledge and skills acquired in the fields mentioned is vital in running and operating any business. Therefore, if anyone is contemplating joining the competitive business world today, it is expedient for them to obtain the MBA degree.
Over the years, business schools discovered the necessity to have people undertake a course in management and business administration. Therefore, the Masters in Business Administration (MBA) degree came to birth recently in the 20th century during an industrial revolution.
As technology evolves, organizations need to also evolve in their operations. The Masters in Business Administration will position the individual to efficiently manage resources and take advantage of technology to gain competitive advantage over other players in the industry.
Masters in Business Administration adopts a scientific approach to management and is suitable for anyone as it assists them in running their businesses excellently. It gives one an opportunity to learn and attain knowledge from various fields in the business sector. The areas of study include Accounting, Marketing, Business Ethics, Management, Business Law, Finance, Managerial Economics, Applied Statistics, Business Communication, Management Analysis as well as Strategy. The knowledge and skills acquired in the fields mentioned is vital in running and operating any business. Therefore, if anyone is contemplating joining the competitive business world today, it is expedient for them to obtain the MBA degree.
12 Reasons To MBA
The Good of an MBA
1. MBA Gives One a Break from Routine
Most people take a two-year break from their jobs to pursue MBA. During the two-year study, one gets plenty of time to reflect on some significant issues in one’s life. Going with my personal experience, I can attest that my two years break to attend MBA class proved to be long overdue. The study time gave me an opportunity to take a break away from the workplace where doing the same things over and over again was becoming tedious. It was then that I realized the value of being alone, assessing my environment and appreciating the many things life has got to offer. I got to reflect, meditate and understand the issues that count in life.
2. One Makes Life-long Friends
Getting an MBA gives you the opportunity to meet other intellectual people who end up becoming one’s lifetime friends. These friends are useful and help you achieve your goals. They give relevant ideas and useful information as they are usually very knowledgeable and experienced.
3. MBA Presents a Chance for One to Realize They Understand Little about the World
The world is diverse and has lots of things to offer. But most people are too engrossed in their careers to realize this. They are enclosed in their little world, pinned down by work pressures and deadlines.
Being in business school, studying MBA away from the deadline-driven schedules gives you a chance to realize how little you know about the world. Studying MBA opens up your mind and makes you see the world in a new perspective. It also gives you that rare opportunity to learn a lot about the business world.
4. Chance to Connect with Executives and Great Team Players
Another reason why getting an MBA is good is that it helps you connect and network among high-profile professionals. These type-A personalities are goal-oriented persons who focus on achieving success. They are good team players who understand what is expected of them. With these kinds of people as your team members, the success of any project you handle is guaranteed.
5. Understand the Global Economy
MBA makes you understand the global economy in a more profound way than you previously did. During the study, one is presented with a chance to evaluate and explore the global economy. The professors in Business School ensure that they give the students time to evaluate, explore and reflect on universal economics.
Students are then able to contribute to global economy as well as question what is happening around. They can also come up with solutions to help in solving global economic crises. Understanding the global economy positions MBA degree holders to take advantage of global opportunities.
6. Chance to Get Challenged by Professors and Peers
You have to be intelligent and knowledgeable to enroll in an MBA class. MBA students tend to believe that they are the best in the society. The MBA class creates challenges. These challenges impact positively on the student, as he gains much from their elite peers and experienced instructors. The presented opportunities to learn more and challenge oneself are essential in one’s life.
MBA students also get a chance to build relationships with their professors who become their mentors in life.
7. Opportunity to Learn how to Manage People
Acquiring an MBA presents the student with a chance to learn how to manage people. The MBA course offers various topics on Management, Leadership and Motivation which are essential for leadership roles. MBA students are presented with the opportunity to run teams when they are chosen as leaders in various study groups. Therefore, MBA classes are good as they prepare one on how to manage human resources.
Reasons Why You Should Choose to Get an MBA
Choosing to get an MBA is a bold step in one's career and personal development plan. Progressive people have the urge to make themselves better every time by making sure they equip themselves with necessary and relevant information. The decision to get an MBA is personal, and one needs to make a choice that is both comfortable and beneficial. There are various reasons why different people choose to get an MBA. Here are some of the reasons:
1. To Gain a Better Understanding of Financial and Risk Management
All business owners and entrepreneurs should at least have the basic knowledge of Financial and Risk Management, so they can avoid financial losses. An MBA gives one a good chance to understand all issues concerning Financial and Risk Management.
The financial market is one that is characterized by many challenges and is often referred to as a ‘transverse through murky waters’. Therefore, the subject requires certain expertise and technical know-how. Businesses are characterized by profits and losses in the course of their operation. An MBA degree will equip you with the skills to maximize profits as well as reduce the chances of loss. Learning how to minimize and mitigate risks in any business entity is a reason why one should choose to get an MBA.
2. To Learn Business Fundamentals and Frameworks
Another reason why you should get an MBA is that one gets an opportunity to learn the fundamentals of business as well as its legal frameworks. Most successful and prosperous business entities have MBA degree holders as Managers. It is important that an organization operates within the necessary framework if it must be successful. Resources must be managed efficiently and there must be consistency in business inputs and outputs, so you can continue to retain customer loyalty. These are all benefits of getting an MBA.
3. Offers an Opportunity to Learn More about Communication
Good communication is vital within an organization. As an MBA student, you learn a lot about communication skills. Good communication across all levels will make the employees understand what is expected of them. Excellent communication with suppliers will make them feel like a part of the company and hence they will offer their best services. Customers also require proper communication from management. Excellent communication with customers fosters customer loyalty. Therefore, choosing to get an MBA has several benefits regarding communication.
4. To Gain Knowledge of Business Strategies
Choosing to get an MBA assists one in gaining vital knowledge in Business Strategies. For instance, when one chooses to study MBA, they learn about the five forces in any business. According to Michael Porter, businesses experience five forces that can cause havoc and failure to any business entity. One of Porter’s five forces is the threat of new entrants. This refers to the threat faced when a new company enters into the same market. An MBA gives one an opportunity to learn how to deal with such threats.
Also, a firm can be faced with a threat of substitute goods, products or services. A seasoned manager is expected to find a solution to such threats. Such is the dynamism in the business world. You also get to know Porter’s other forces such as the bargaining power of suppliers, the bargaining power of customers and rivalry among competitors. The knowledge acquired assists one to have suitable ways to deal with these issues.
Additionally, choosing to study MBA gives one an opportunity to learn ways to maintain a sustainable competitive advantage over competitors. According to Porter, one can use the differentiation strategy to remain ahead of competitors in the market. A business can have sustainable competitive advantage over other players in the industry by focusing on the Cost differentiation strategy.
5. To Gain Credibility and Professional Reputation
Professionals need to update themselves to remain relevant in their business operations and functions. Thus, choosing an MBA adds value to their credibility. It increases their chances of employment when applying for another job. One gets worldwide recognition because the course is deemed prestigious all around the world. Choosing to study an MBA gives one recognition from people who believe in professionalism and competence. The professional reputation one gets is significant in the future growth and development of the individual and the business entity they are involved in. When one has an MBA degree, they are believed to have the technical and professional know-how to handle all business challenges.
1. MBA Gives One a Break from Routine
Most people take a two-year break from their jobs to pursue MBA. During the two-year study, one gets plenty of time to reflect on some significant issues in one’s life. Going with my personal experience, I can attest that my two years break to attend MBA class proved to be long overdue. The study time gave me an opportunity to take a break away from the workplace where doing the same things over and over again was becoming tedious. It was then that I realized the value of being alone, assessing my environment and appreciating the many things life has got to offer. I got to reflect, meditate and understand the issues that count in life.
2. One Makes Life-long Friends
Getting an MBA gives you the opportunity to meet other intellectual people who end up becoming one’s lifetime friends. These friends are useful and help you achieve your goals. They give relevant ideas and useful information as they are usually very knowledgeable and experienced.
3. MBA Presents a Chance for One to Realize They Understand Little about the World
The world is diverse and has lots of things to offer. But most people are too engrossed in their careers to realize this. They are enclosed in their little world, pinned down by work pressures and deadlines.
Being in business school, studying MBA away from the deadline-driven schedules gives you a chance to realize how little you know about the world. Studying MBA opens up your mind and makes you see the world in a new perspective. It also gives you that rare opportunity to learn a lot about the business world.
4. Chance to Connect with Executives and Great Team Players
Another reason why getting an MBA is good is that it helps you connect and network among high-profile professionals. These type-A personalities are goal-oriented persons who focus on achieving success. They are good team players who understand what is expected of them. With these kinds of people as your team members, the success of any project you handle is guaranteed.
5. Understand the Global Economy
MBA makes you understand the global economy in a more profound way than you previously did. During the study, one is presented with a chance to evaluate and explore the global economy. The professors in Business School ensure that they give the students time to evaluate, explore and reflect on universal economics.
Students are then able to contribute to global economy as well as question what is happening around. They can also come up with solutions to help in solving global economic crises. Understanding the global economy positions MBA degree holders to take advantage of global opportunities.
6. Chance to Get Challenged by Professors and Peers
You have to be intelligent and knowledgeable to enroll in an MBA class. MBA students tend to believe that they are the best in the society. The MBA class creates challenges. These challenges impact positively on the student, as he gains much from their elite peers and experienced instructors. The presented opportunities to learn more and challenge oneself are essential in one’s life.
MBA students also get a chance to build relationships with their professors who become their mentors in life.
7. Opportunity to Learn how to Manage People
Acquiring an MBA presents the student with a chance to learn how to manage people. The MBA course offers various topics on Management, Leadership and Motivation which are essential for leadership roles. MBA students are presented with the opportunity to run teams when they are chosen as leaders in various study groups. Therefore, MBA classes are good as they prepare one on how to manage human resources.
Reasons Why You Should Choose to Get an MBA
Choosing to get an MBA is a bold step in one's career and personal development plan. Progressive people have the urge to make themselves better every time by making sure they equip themselves with necessary and relevant information. The decision to get an MBA is personal, and one needs to make a choice that is both comfortable and beneficial. There are various reasons why different people choose to get an MBA. Here are some of the reasons:
1. To Gain a Better Understanding of Financial and Risk Management
All business owners and entrepreneurs should at least have the basic knowledge of Financial and Risk Management, so they can avoid financial losses. An MBA gives one a good chance to understand all issues concerning Financial and Risk Management.
The financial market is one that is characterized by many challenges and is often referred to as a ‘transverse through murky waters’. Therefore, the subject requires certain expertise and technical know-how. Businesses are characterized by profits and losses in the course of their operation. An MBA degree will equip you with the skills to maximize profits as well as reduce the chances of loss. Learning how to minimize and mitigate risks in any business entity is a reason why one should choose to get an MBA.
2. To Learn Business Fundamentals and Frameworks
Another reason why you should get an MBA is that one gets an opportunity to learn the fundamentals of business as well as its legal frameworks. Most successful and prosperous business entities have MBA degree holders as Managers. It is important that an organization operates within the necessary framework if it must be successful. Resources must be managed efficiently and there must be consistency in business inputs and outputs, so you can continue to retain customer loyalty. These are all benefits of getting an MBA.
3. Offers an Opportunity to Learn More about Communication
Good communication is vital within an organization. As an MBA student, you learn a lot about communication skills. Good communication across all levels will make the employees understand what is expected of them. Excellent communication with suppliers will make them feel like a part of the company and hence they will offer their best services. Customers also require proper communication from management. Excellent communication with customers fosters customer loyalty. Therefore, choosing to get an MBA has several benefits regarding communication.
4. To Gain Knowledge of Business Strategies
Choosing to get an MBA assists one in gaining vital knowledge in Business Strategies. For instance, when one chooses to study MBA, they learn about the five forces in any business. According to Michael Porter, businesses experience five forces that can cause havoc and failure to any business entity. One of Porter’s five forces is the threat of new entrants. This refers to the threat faced when a new company enters into the same market. An MBA gives one an opportunity to learn how to deal with such threats.
Also, a firm can be faced with a threat of substitute goods, products or services. A seasoned manager is expected to find a solution to such threats. Such is the dynamism in the business world. You also get to know Porter’s other forces such as the bargaining power of suppliers, the bargaining power of customers and rivalry among competitors. The knowledge acquired assists one to have suitable ways to deal with these issues.
Additionally, choosing to study MBA gives one an opportunity to learn ways to maintain a sustainable competitive advantage over competitors. According to Porter, one can use the differentiation strategy to remain ahead of competitors in the market. A business can have sustainable competitive advantage over other players in the industry by focusing on the Cost differentiation strategy.
5. To Gain Credibility and Professional Reputation
Professionals need to update themselves to remain relevant in their business operations and functions. Thus, choosing an MBA adds value to their credibility. It increases their chances of employment when applying for another job. One gets worldwide recognition because the course is deemed prestigious all around the world. Choosing to study an MBA gives one recognition from people who believe in professionalism and competence. The professional reputation one gets is significant in the future growth and development of the individual and the business entity they are involved in. When one has an MBA degree, they are believed to have the technical and professional know-how to handle all business challenges.
