| A Masters of Business Administration degree is a | | | | models is integral to performing well on the job, |
| great way to advance one's professional career. | | | | as being able to understand a firm's financial |
| It can prepare good employees to become great | | | | information is a large part of being any type of |
| leaders, able to guide their companies into a | | | | manager. |
| profitable and successful future, by teaching them | | | | Time |
| to manage three vital things: people, money, and | | | | Learning to manage time effectively is something |
| time. | | | | MBA students must learn immediately. MBA |
| People | | | | coursework is challenging and professors expect a |
| MBA coursework teaches students to manage | | | | great deal from their students, so properly |
| people, a company's most valuable resource, by | | | | organizing one's study time while balancing it with |
| focusing on understanding behavior and using | | | | the demands of life is an expertise best quickly |
| appropriate motivational tools. This is probably an | | | | learned. The bright side to this is that time |
| MBA's most important dimension, as the | | | | management skills are highly desirable in the MBA's |
| day-to-day operations of an MBA deals, in large | | | | workplace. Managers have full workday schedules, |
| part, with interacting with employees. MBA | | | | and those who can best organize their time the |
| students learn about successful employee | | | | most effectively are the most successful, no |
| management through behavior modification | | | | question. In many cases an MBA's day can include |
| strategies such as positive reinforcement and | | | | meetings with clients and upper management, |
| punishment, negative reinforcement, extinction, | | | | interpreting sales and efficiency reports, handling |
| reinforcement schedules, and classical conditioning. | | | | employees, and preparing presentations. Being able |
| They also learn about other motivational | | | | to balance each responsibility in its own time |
| philosophies such as the expectancy theory (how | | | | frame is essential to becoming a successful, |
| individuals make certain decisions when presented | | | | MBA-holding manager. |
| with a variety of decision choices), principal/agent | | | | By far, an MBA degree teaches students to |
| alignment, advancement competition, job design, | | | | better understand broadly the overall economy, |
| equity theories, reward systems, efficiency | | | | their specific company's place in that economy, |
| wages, rationalizing behavior, the dangers of | | | | and the inner-organizational workings of their own |
| groupthink, and individual versus group | | | | company, giving students the ability to better |
| performance. This is important because in order | | | | understand how businesses operate more fully. |
| to be an effective manager, one must understand | | | | Included in that broad-scoped understanding is the |
| one's employees as much as possible in order to | | | | importance of an organization's employees; as |
| motivate them properly, reduce problematic | | | | such, managing them properly is one of the most |
| behavior, increase production, and keep morale | | | | heavily-focused on aspects of the MBA degree. |
| high. | | | | Managing a business is not just understanding and |
| | | | motivating employees though, and an MBA |
| Money | | | | degree helps graduates learn more about how the |
| Managing a company's money is the second | | | | management of money in an organization |
| largest focus of an MBA program. Great | | | | functions, giving them the important skills to |
| managers know how to keep costs low and | | | | understand the financial standing of their |
| increase the company's profit margins, and an | | | | organization. Lastly, in order to be able to juggle all |
| MBA can give a good employee that extra edge | | | | of the demands on an MBA, the coursework |
| when it comes to managing the firm's funds. | | | | provides graduates with the time-management |
| Being able to create, read, and understand | | | | skills necessary to handle all of an MBA's demands |
| earnings reports, sales forecasts, and statistical | | | | effectively. |