This means that if they are applying for a new job, their attractiveness, by virtue of existing qualifications and experience, will be significantly enhanced.
Note, however, that this basis will generally be important. An MBA without other attributes will have limited appeal today; only the 'top' institutions have consultancies and employers queue up to hire their graduates, and even then relevant work experience is usually expected.
So much for one of the historical advantages. The other benefits of brother cell phone list the traditional MBA have probably suffered less over time. The confidence of knowing that you are as familiar with concepts as those who are trying to 'blind you with jargon' is as valid as ever, as is the ability to offer constructive criticism to consultants or others offering 'solutions' to management problems.
It is still important to be able to use management tools and techniques – from a basic spreadsheet to a sophisticated knowledge management tool – to communicate clearly, whether in writing or when giving a presentation, and to analyse a problem thoroughly before suggesting a solution. Understanding the basic functions of an organisation and the main characteristics of the environment that impacts on it is still crucial for effective strategic management.
But beyond these, today's MBA can provide you with a number of 'soft' skills and understandings. You can develop your teamwork skills, understand why people in organisations behave the way they do, and become more aware of the problems that arise from stress. You will be better able to understand and respond effectively to the uncertainty and complexity that are a feature of organisational life in rapidly changing times.
You will have developed your creativity. Above all, you will be able to look at situations in different ways, 'making sense of them', reflecting different perspectives. Furthermore, you will learn from these 'thought experiments',