The importance of management has remained in the limelight since the industrialization era, whether it is a production unit or a software company, management is prominent in each and every industry in the economy. The organization and co-ordination of the activities of a business in order to achieve defined objectives is management, According to management Guru Peter Drucker,” the basic task of management involves both marketing and innovation”. Management is the science and art of getting people together to accomplish desired goals and objectives by coordinating and integrating all available resources efficiently and effectively.
In modern era, management can be summed up and learned through pursuing management programs such as MBA and PGDM, We are not unfamiliar with the hype of MBA amongst the youth, and as this is the period of the year when all colleges releases their notifications for their respective entrance test, this is the best time to discuss, whether or not you should go for MBA/PGDM. See, there is no hard end rules for MBA is good for you or not, but MBA definitely has its pros and quite a lot of pros. The Master of Business Administration (MBA or M.B.A.) degree originated in the United States in the early 20th century when the country industrialized and companies sought Scientific approaches to management The core courses in an MBA program cover various areas of business such as Human resources, accounting, marketing, sales, ERP etc in a manner most relevant to management analysis and strategy.
MBA- A career catalyst
- Credibility- There are different ways you can establish credibility in your firm and in your industry. You could volunteer for a project at work that stretches you beyond your comfort zone and shows off your hidden talents to company management. You could begin a solo side business or co-found one with family or friends to establish early credibility as a budding entrepreneur. But the academic version of credibility in the business world is the MBA degree.
- Better Communication- MBA graduates often find themselves communicating better at work with colleagues, bosses, or employees. But these communication skills can also apply at home with your significant other, kids, parents, or siblings, as well as in social situations such as networking events or company functions. Being a better communicator is essential in everyday life, no matter where or when you communicate your needs and ideas for solutions.
- Better Time Management- A side effect of better self-discipline is the ability to better manage time. That could mean better understanding of your capabilities for producing work in an allotted time so you don’t overextend yourself, burn yourself out, or over commit and under deliver. It could also mean being more efficient during work hours to get more done in less time or with less effort.
- Better Job proposals- Many companies now require or prefer candidates with an MBA for a number of roles. Earning this degree significantly expands the number of potential job opportunities for which you qualify. Being an MBA opens up many opportunities for a candidate, he can certainly climb up the corporate ladder very rapidly and score a position top management in a company.
- Differentiation as a job candidate- Even if an MBA isn’t a minimum requirement, the degree can be a powerful differentiator when you’re competing against dozens of candidates all vying for the same position—especially when they are all impressive in their own way. But as impressed as employers may be about managerial accomplishments in the field, the fact that you’ve earned an MBA degree is likely to take your application up a notch in the minds of potential employers.
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