There is always a constant debate when it comes to factorizing a new business idea- either stride into it or pick an MBA before doing so. Choosing the former, after gaining a professional experience in IT for two years, I ventured into start-up space along with a bunch of friends.
Despite earning a fair number of returns, must say that opting for a one year MBA program to enhance my managerial skills turned out to be the best decision so far.
Benefits of Business Schools
It is true that a B-School experience gives you that extra edge:
- More than what you read from a textbook, it provides you an open platform
- Learning from the experts directly
- Exposure to meet and interact with industry professionals
- An opportunity to network
- Work on assignments
- Live chat sessions
- Case studies and group discussions
- Entrepreneurship lessons across sectors
- Ability to put out a business plan with a 24-hour deadline
So, is that all? No.
In fact, the most important and real-world lessons come after adapting these above-mentioned advantages that lead you to go beyond and look ahead of the curve once you step into corporate or entrepreneurial venture i.e., how to prepare and execute an idea to stimulate the business further.
Be an existing or budding entrepreneur or those who wish to climb up the ladder in an organization, an MBA degree has its own stand point. The initial stage of the one year MBA programme exposed to mild and crisp details of all the courses available, now, halfway through it, I have a holistic view of business that helps me see the bigger picture.
Here are some of the key takeaways which I am sure most of you out there would be able to relate to or begin to look at Masters of Business Administration from a different perspective:
Research has always been a primary part of any business. Before pitching for new business/ or product launch, a thorough ‘Market Research’ should be executed.
A strong knowledge and how to nurture these skills are provided hands-on if you are in a B-School as it helps in identifying the risk factors, sales targets, understanding and improvising customer relationship and keeping a track on brand reputation, in turn, eventually leading to growth in business.