Importance of Management Education
Whatever
you do in your
professional life, the chances are that it will involve some ‘business’.
Scientists, engineers, even artists, will inevitably have to understand at
least the basics of business, and probably a lot more. Today’s management
gurus, the people who are forecasting the way we will do business at the
beginning of the 21st century, are saying that the companies of the future will
consist of groups of specialists who work together on a specific project and then
disband. For the next project the composition of the group will almost
certainly be different. One of the consequences of this is that many more
people will be what we call today ‘independent’, and will have to understand
more about the opportunities and constraints of business. In other words, the
combination of specialist qualification and business knowledge will become
vital. But it is not just ‘knowledge’ of business. Before pursuing an MBA, you
need to ask yourself a basic question, ‘what should a business education give
me?’ Most subjects that one studies are composed of theory and practice.
What will a business education give me?
Management
education offers all necessary tools to equip one with the necessary techniques
of successfully handling various business and management related issues. Basic
tools which will enable you to make contributions to global economy.
Besides
providing the basic management capabilities it also provides :-
- The ability to use the contingency approach to solving business problems.
- Combining the best parts of several solutions into a unique and better solution.
- Having a global perspective
- Working with and learning from others
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