An MBA degree is becoming more important in a contemporary and interdisciplinary world
There’s not much difference in management and real life scenarios.This is considered one of the fundamentals of management education. Considering this, emphasis is increasing on making management courses relevant to the real world.
In recent years, there has been a significant shift in the teaching pedagogy and methodology that in itself has augmented the real-life relevance of management education. Practical exposure is given priority over theoretical tutoring. A balanced personality development is sought by students in collaborated teamwork and by providing opportunities for industry-oriented training. Moreover, there is a great deal of emphasis on role-play, simulations and case studies that, among other things, reiterates the intrinsic relationship between management principles and real life.
Management education is becoming more important in a contemporary and interdisciplinary world. It equips one to make profitable and judicious decisions within the limitations of resources, materials, men and machines. This stands a management graduate in good stead in almost every professional domain.
A course in management is a sound career investment. Judicious planning and careful implementation is the success mantra in almost every sector today. The concepts and applications of management are all geared to maximize profits and desired outcomes and avoid wastages. So, a management graduate finds it easier than those with other academic backgrounds to streamline vis-à-vis the requirements of a changing business environment.
A management degree gives one a significant edge. It not only makes one adept and flexible to take on multiple roles within an organisation but also enables one to explore opportunities within a range of allied sectors. Basic principles of business that are common to almost all sectors are taught at the foundation level. That helps one understand the broader perspective. On the other hand, a specialisation subject exposes one to the nuances and intricacies of a specific function. Hence, it will not be an exaggeration to say that a management graduate is equipped to handle both generalist and specialist business and managerial functions within organisations.
It goes without saying that management as a subject is also relevant in sectors that are outside the purview of business. The principles of management, for instance, find close application in defence forces. That explains why defence personnel routinely undertake management courses in the middle of their career. A management course at the postgraduate level increments the career prospects of people who have pursued professional degrees at the graduate level incrementally. It is an asset for engineers and economics graduates.
Though the role of management has undergone a seachange, the functions essentially continue to remain the same. However, managers today have become more cautious when it comes to assessing business prospects. Also, conscientious decisions have become a priority for most professionals in this field.