MBA
“The road ahead”
AGENDA
What –isaMBA?
MBA short description
What –isaMBA?
MBA brief history
Management defined
Why are we here?
What we stand to gain?
Employers –expectations
expectations and fears
Employersvs.
Managers – expectations
leaders and fears
Conclusion
MBA – A SHORT DESCRIPTION
MBA stands for Master of Business Administration. It is a graduate-
level (master's) degree in the field of management and business
It is a degree highly sought after by entrepreneurial students looking to
gain an edge in the business world in a variety of different markets and
corporations
The MBA program is designed to develop a person’s skills in many
areas of business, providing them with an extremely broad knowledge
as well as acute abilities. Courses in finance, leadership, organizational
behavior, marketing, management, government and economics are
some of the required course typically found in an MBA curriculum
“Someone is sitting in the shade
today because someone planted
a tree a long time ago.”
– Warren Buffett
SOURCE: [Link]
MBA – A BRIEF HISTORY
The MBA degree made its first appearance in the United States during the early 20th
century. The Tuck School of Business, part of Dartmouth College, was the first graduate
school of business in the United States founded in 1990
In 1908, the Graduate School of Business Administration (GSBA) at Harvard University
was established
The University of Chicago Booth School of Business first offered working professionals
the Executive MBA (EMBA) program in 1940
The Institute of Business Administration, Karachi in Pakistan was established in 1955 as
the first Asian business school
In 1957, INSEAD became the first European business school to offer an MBA program
“As we look ahead into the next
century, leaders will be those who
empower others”
– Bill Gates
SOURCE: [Link]
MANAGEMENT DEFINED
The term ‘management’ encompasses an array of different functions undertaken to
accomplish a task successfully. In the simplest of terms, management is all about
‘getting things done’
Management is both art and science. It is the art of making people more effective than
they would have been without you. The science is in how you do that.
There are four basic pillars: plan, organize, direct, and monitor
Some of the key functions in management includes learning to delegate, planning and
organizing, communicating clearly, controlling situations, motivating employees,
adapting to change, constantly innovating and thinking of new ideas, building a good
team and delivering results
“The conventional definition of
management is getting work done
through people, but real
management is developing people
through work ”
– Agha Hasan Abedi
SOURCE: [Link];
WHY ARE WE HERE?
MBA polishes the way we know thing and gives us the in-depth meaning and effect of
the minutest things happening around
The program and its material certainly provide a framework for thinking about business
problems
Being an MBA will help us in a long run to climb the organisation ladder (hierarchy) at a
better speed or perform better in business as the case may be
To prepare ourselves for a lifestyle change
MBA graduates are likely to be dynamic self starters who will be an asset to any
organization
“Management is efficiency in
climbing the ladder of success;
leadership determines whether
the ladder is leaning against the
right wall”
– Stephen R. Covey
SOURCE:
WHAT WE STAND TO GAIN?
Hone our skills – both hard and soft
Develop interpersonal abilities
Helps to develop business experience/exposure
Helps us in advancing our careers
Helps us in changing career paths
Gives insights when starting our own business
Helps in developing a network of peers, faculty business leaders etc.
Helps us to be morally responsible citizens
“A clear conscience is the softest
pillow in the world ”
– N. R. Narayana Murthy
SOURCE:
EMPLOYERS EXPECTATIONS
MBA Graduates are expected to be fast learners
Potential to climb up the company ladder
Able to take risks
Driven, high potential performers
Strong interpersonal skills
Team player mentality
Must be skilled in multitasking
Honest and ethical
“The very essence of leadership
is that you have to have vision.
You can't blow an uncertain
trumpet”
– Theodore M. Hesburgh
SOURCE:
MANAGERS VS. LEADERS
The manager administers; the leader innovates.
The manager is a copy; the leader is an original.
The manager maintains; the leader develops.
The manager focuses on systems and structure; the leader focuses on people.
The manager relies on control; the leader inspires trust.
The manager accepts reality; the leader investigates it.
The manager has a short-range view; the leader has a long-range perspective.
The manager asks how and when; the leader asks what and why.
The manager has his or her eye always on the bottom line; the leader has his
or her eye on the horizon.
The manager imitates; the leader originates.
The manager accepts the status quo; the leader challenges it.
The manager is the classic good soldier; the leader is his or her own person.
SOURCE: [Link]
CONCLUSION
Management is doing things
right; leadership is doing the
right things
– Peter F. Drucker
