MAGIC OF MBA

The MBA qualification broadens and enhances knowledge and should be viewed in a sense of building up skills. The MBA becomes a tool to be utilized in building up existing competencies - the theory learned can be utilized to find plausible solutions to concurrent business issues. At the end of an MBA program me, one emerges with an upper level of functional managerial and business issues as well as new conceptual skills ready to meet the demands that are set by the competitiveness around us.

What are the benefits of an MBA?

One should have a clear understanding of your career goals. The more defined the better. There are many career benefits of an MBA-Advancing your career, changing your career, starting your own business, developing your business expertise.

Value of the MBA to the employer-

The fact is, we are operating in an ever-changing, fast-paced, highly competitive and global world of work, but how does one respond to this environment. the first step would be to gain an understanding of this distraught business world. It all starts with an understanding of the economy and how businesses can contribute to the invention of products that will increase the countrys resources. With that is an understanding of economic concepts, such as inflation and consumer price index. A simple insight into managerial economics, such as supply and demand and opportunity costs assists MBA graduates understand the role of profit maximization endeavors in the firm and how economics inform organizational decision-making, In aligning the company with the governments economic policies, the manager with an MBA can then oversee the financial management of the firm. And, by understanding the company accounts, the manager can assess the performance of the business. With the well-acclaimed holistic viewpoint of MBA graduates, productivity is seen in terms of the input that all the role-players in the firm must play. Of course the MBA also equips the manager, as a strategist, with analytical tools to assess profitability. The manager with an MBA understands the economic pressures on the company and has a firm grip on the financial condition of the firm. The MBA manager also understands to what extent the current financial situation is aligned with the strategy for profitability. In the quest for productivity, top managers need to consistently determine whether the company is capable of surpassing problems in the process of successfully delivering products or services to the customer, and is the customer prepared to pay for these. Productivity is clearly dependent on the decision-making ability of the leaders of the firm. With the company riding the waves of the economy, forecasting its financial needs, controlling its funds and adding to its bottom line by getting the right product at the right price to the right place for the right person, while promoting all this in the most effective manner, the MBA manager can also do a bit of healthy introspection. It is now when the MBA manager can have an intelligible look at how the company has been put together, how effectively communication flows among the various elements and how valuable the learning is that is taking place. Here the top manager with the MBA is equipped to forecast trends and developments in the organizational design and use techniques to improve the performance of the organization as a whole. Based on that, intelligent actions can then be taken in terms of the people in the company and how their performance and development are managed, With the organization designed to run like clockwork, and where the delicate balance has been reached between giving to employees and gaining from their skills and endeavors, the MBA manager can evaluate the degree to which operation management is contributing to the competitiveness and profitability of the company. It is accepted that the MBA qualification will have given the individual the ability to have a strategic outlook on how

operations can adhere to world-class standards and how they can operate in synergy with the other business functions. Clearly each element of value that the MBA adds builds on the others, but these values reach a different level when the skills of international business strategy are included. Consider just a few of the skills that the MBA manager has in this regard: He/she can manage the strategic options for the company, implement an effective team process, formulate strategies for the various business functions, gauge product-market demand and competitive interdependencies, including the scope of proposed businesses strategies, show flexibility and creativity in response to changing markets, identify and balance any competing forces for localization or globalization for the business and its functions such as marketing and production. These are only few of the very convincing arguments of the value that the MBA holds for the employer. The MBA manager can also tackle complex research endeavors to bring specific solutions to the company. The power of this lies in that the MBA manager does not only have extensive management knowledge, but also unusual insight into the firm he/she is operating in. With that combined knowledge, and with access to appropriate secondary data and newly gained primary data, the research yields recommendations and plans that could not be generated in any other way. Overall, there is one key as to how the MBA program me facilitates improved company performance and increases managerial effectiveness and efficiency. The key lies in the new way of thinking that the MBA program me provides to its students. It is accomplished by developing a holistic understanding of business, leading to the detection of business problems and the recognition of opportunities. Through such insights, students can then creatively define and analyze alternatives before deciding on an appropriate course of action. This is the essence of the strategic MBA outlook, Convincing. The MBA manager can truly add value to any firm. And the value is added where it really matters in improved performance of the manager and in increased profitability of the company. But, a principle condition to this increased value-add needs to be clearly stated - the value added is proportional to the degree to which the MBA knowledge is applied, This can be explained by taking two examples 1) sat yam sagas 2) tech Mahindra. From the examples above one can determine that planning, leading, organizing, controlling and staffing which are the functions of an organization can be properly done by an MBA. Hence MBA plays a magic role in developing an organization and also shows how a wrong decision can impact on that organization.