Manage People, Money, and Time with an MBA

Posted: Jun 28, 2010 |Comments: 0 |

A Masters of Business Administration degree is a great way to advance one's professional career. It can prepare good employees to become great leaders, able to guide their companies into a profitable and successful future, by teaching them to manage three vital things: people, money, and time.

People

MBA coursework teaches students to manage people, a company's most valuable resource, by focusing on understanding behavior and using appropriate motivational tools. This is probably an MBA's most important dimension, as the day-to-day operations of an MBA deals, in large part, with interacting with employees. MBA students learn about successful employee management through behavior modification strategies such as positive reinforcement and punishment, negative reinforcement, extinction, reinforcement schedules, and classical conditioning. They also learn about other motivational philosophies such as the expectancy theory (how individuals make certain decisions when presented with a variety of decision choices), principal/agent alignment, advancement competition, job design, equity theories, reward systems, efficiency wages, rationalizing behavior, the dangers of groupthink, and individual versus group performance. This is important because in order to be an effective manager, one must understand one's employees as much as possible in order to motivate them properly, reduce problematic behavior, increase production, and keep morale high.

Management.jpg&w=630&h=250&zc=1


Money

Managing a company's money is the second largest focus of an MBA program. Great managers know how to keep costs low and increase the company's profit margins, and an MBA can give a good employee that extra edge when it comes to managing the firm's funds. Being able to create, read, and understand earnings reports, sales forecasts, and statistical models is integral to performing well on the job, as being able to understand a firm's financial information is a large part of being any type of manager.

Time

Learning to manage time effectively is something MBA students must learn immediately. MBA coursework is challenging and professors expect a great deal from their students, so properly organizing one's study time while balancing it with the demands of life is an expertise best quickly learned. The bright side to this is that time management skills are highly desirable in the MBA's workplace. Managers have full workday schedules, and those who can best organize their time the most effectively are the most successful, no question. In many cases an MBA's day can include meetings with clients and upper management, interpreting sales and efficiency reports, handling employees, and preparing presentations. Being able to balance each responsibility in its own time frame is essential to becoming a successful, MBA-holding manager.

By far, an MBA degree teaches students to better understand broadly the overall economy, their specific company's place in that economy, and the inner-organizational workings of their own company, giving students the ability to better understand how businesses operate more fully. Included in that broad-scoped understanding is the importance of an organization's employees; as such, managing them properly is one of the most heavily-focused on aspects of the MBA degree. Managing a business is not just understanding and motivating employees though, and an MBA degree helps graduates learn more about how the management of money in an organization functions, giving them the important skills to understand the financial standing of their organization. Lastly, in order to be able to juggle all of the demands on an MBA, the coursework provides graduates with the time-management skills necessary to handle all of an MBA's demands effectively.

Questions and Answers

Ask
200 Characters left
Rate this Article
  • 1
  • 2
  • 3
  • 4
  • 5
  • 0 vote(s)
    Feedback
    Print
    Re-Publish
    Source:  http://www.articlesbase.com/college-and-university-articles/manage-people-money-and-time-with-an-mba-2738835.html

    Article Tags:

    mba degree

    ,

    online mba program

    ,

    christian online mba

    ,

    mba coursework

    ,

    online mba degree program

    The online degree is one of the best choices amongst the youth of modern days. They want to pursuing degrees from any remote locations with doing some side works for earn pocket expenses. There are degrees like aeronautical degrees, casino management degree and teaching degree that give you a lot of opportunities to getting jobs in today's job world.

    By: amit singhl Education> Online Educationl Apr 08, 2011

    Accreditation is carried out by independent agencies, which can operate on either the regional level, as with the New England Association of Colleges and Schools, or the national level. The Department of Education maintains a list of accredited colleges and universities, both online and offline, which is an excellent resource for interested students.

    By: thechristianmbal Education> College and Universityl Mar 02, 2011

    Online Christian MBA programs provide the learning and the training needed to succeed in the business world while maintaining a devotional attitude towards God and seeking to help friends, family and mankind in tangible ways. An MBA with a concentration in international business allows graduates to serve God even while traveling around the world with their chosen business.

    By: thechristianmbal Education> College and Universityl Oct 14, 2010

    Within the departmental structure of a company, the human resources (HR) office is responsible for selecting, training and effectively managing the employees of an organization.

    By: thechristianmbal Education> College and Universityl May 15, 2010

    Online Christ-centered education is becoming more popular, whether at the high school or college level. This popularity shows itself in the number of students now involved in pursuing their education online.

    By: thechristianmbal Education> College and Universityl May 26, 2010

    The competition among students with their marks is becoming tougher and tougher to get admission in the best colleges of Delhi. Delhi university cut off marks seems to be unrealistic as it has touched the pinnacle in last few years.

    By: Bibon Pattrickl Education> College and Universityl Jun 01, 2012

    For the first time, SOL will offer the facility of online admission for undergraduate courses. Students can download and submit application forms on the SOL website - Sol.du.ac.in

    By: silent planetl Education> College and Universityl May 31, 2012

    In order to perform a search and get the exact college textbook that is required you need the following information; Title, Author, Volume# or Edition#, and the ISBN number. Armed with this information you are able to search online or in other bookstore for the exact item for a college book and not pay university prices. There are many different sites online that offer a college textbook at a better price. But don't discount the local public library. You may be able to find your college textbook

    By: EvertonAl Education> College and Universityl May 31, 2012

    The prices of collect textbooks continue to rise. That's the bad news. And the good news is that there are ways to get cheap textbooks – you either rent or buy them from college bookstores online.

    By: EvertonAl Education> College and Universityl May 31, 2012

    Textbooks are your major expenses of every semester, and they can be very, very expensive. But there's good news here: you can buy them at discounted prices from 40% - 85%. And what do you need to do?

    By: EvertonAl Education> College and Universityl May 30, 2012

    The most pressing aspect of an online Christian MBA program is creating good habits of practicing faith and learning efficiently. Studying for MBA courses can be very hard, especially for those who majored in a subject other than business as an undergraduate. Nevertheless, there are proven steps to take to help students properly comprehend the academic knowledge required to earn an MBA degree.

    By: thechristianmbal Education> Online Educationl Mar 11, 2011

    Accreditation is carried out by independent agencies, which can operate on either the regional level, as with the New England Association of Colleges and Schools, or the national level. The Department of Education maintains a list of accredited colleges and universities, both online and offline, which is an excellent resource for interested students.

    By: thechristianmbal Education> College and Universityl Mar 02, 2011

    For the motivated individual wishing to increase their earning capabilities, as well as realizing the personal satisfaction of achieving their career goals, getting an online MBA can be the perfect solution.

    By: thechristianmbal Education> Online Educationl Mar 01, 2011

    Getting into an online Christian MBA program can be difficult. The requirements are often strenuous and must be planned for in advance

    By: thechristianmbal Education> Online Educationl Jan 22, 2011

    Christian business men and women who pursue an MBA at a Christian or secular college or university will likely be interested in finding ways of having fellowship and network with other like minded Christian leaders in the program.

    By: thechristianmbal Education> Online Educationl Dec 31, 2010

    Discuss this Article

    Author Box
    Articles Categories
    All Categories
    Quantcast