Functional areas of Management

Functional areas of management comprise Human Resource Management, Operations Management, Marketing Management, Information Management, Financial Management, Strategic Management and Organizational Behavior. At the end of an MBA programme, the graduate emerges with an upper level knowledge of functional managerial and business issues as well as new conceptual skills ready to meet the demands that are set by the competitive business environment.

Experience is must for MBA Students

Albeit, the MBA qualification grew largely within the framework of their non-vocational universities; the first year was devoted to the core disciplines of the science of management and the second year offered more specialisation through a choice of electives. Specialist MBAs were introduced with modular topics such as international business, finance, the public sector and even football. While the US model enrolled students after taking a first degree, business schools in Europe placed much greater emphasis on practical work experience prior to entering the MBA programme. By comparison, the learning curve of entrants with prior business knowledge and work experience played a significant role in re-writing the criteria for universal MBA enrolment.

The Term of MBA Course

Driven by competitive factors, new developments over the past 20 years have successfully changed the primary two-year MBA programme to offer entrants shorter programmes (the one-year programme being the norm in some countries); running different programme structures such as modular, consortium, international and joint, as well as programmes accommodating diverse groups of people from different business sectors or different age groups; and internationalisation of curriculum content.

While most established programmes around the world have adopted the MBA title, there are programmes that are similar to what other schools would call an MBA, which also lead to degrees with other titles. Such titles include MBL (Master of Business Leadership), which is a post-graduate degree in the management sciences, and MBS (Master of Business Studies).

Choose The MBA Programme according your ability

While entrants may benefit from the wide choice of programmes, making the right choice of programme is paramount. In choosing a school and an MBA programme, the entrant should bear two main considerations in mind: what he or she wants to gain from the programme in terms of the skills or competence they wish to develop, and what is appropriate for their personal constraints such as budget, time availability, location, etc. Competition is strong for enrolment at the best business schools and employers also place a high premium on the criterion to attract the best graduates.

Worldwide, the best business leaders consider an MBA qualification key to the continual success of careers in sectors like manufacturing, business, education, healthcare and other service sectors. A good business programme offers skills not ordinarily mastered in a conventional work environment such as Finance, Statistics, and Managerial Economics. While electives may opt to specialise within specific business components such as International Management, Human Resources, and Finance, the MBA is clearly a process of lifelong learning. Besides equipping managers with executive skills, it is a medium that encourages self-motivated continual learning not just as a means to career progression, but also to make a viable contribution to stimulate growth and development of the global economy.

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