Management and MBAs

Management is traditionally divided into six categories – human resource management, operations management, strategic management, marketing management, financial management and information technology management. Nowadays it has become more mixed and it is hard to distinguish these categories.

Management consists of planning the future and actions to be taken, organizing work to achieve maximum results according to the plans, recruitment and job analyzing, leading and delegating assignments to the right people, controlling and monitoring all processes and motivating the employees to be the best they can when it comes to work.

Nowadays many schools are offering management aspirants proper formal education which helps them a lot in their work compared to the past times when everybody had to waste time and money on learning through their own mistakes and previous experiences. These days learning from other people’s experience has become possible by various management courses offered by business schools. One of the most popular management courses is Master of Business Administration which is well-known recognized all over the world.

MBA – Master of Business Administration degree was invented by Harvard Business School, Harvard University in 1921. They were the first to start teaching comprehensive management theories. General MBA concentrates on accounting, marketing, management and human resources. Some MBA programs focus also on some distinctive subjects. Usually MBA is a two year course, but some programs also last one to one and a half years.

Nowadays MBA is required from most people who are working in management positions, because market demands well-educated and sophisticated leaders who have a clear consciousness of economy and their field of work as well as managing many different functions and people. Also in today’s competitive world it is necessary to stand out and a good, well-educated leader gives a company a huge advantage in front of other companies with weaker managements. Since companies keep expanding and huge companies are taking over the world it is a struggle for new and smaller companies. That’s also when strong management becomes essential. Today’s managers must be visionaries and trend setters who can see ahead of the competitors and always stay a few steps ahead by excellent planning and organizing, innovation and a way of seeing the big picture.

MBA is also a great way to improve the quality of your life due to the earnings that MBA graduates on management positions make. A recognized and approved degree like this will help a student to fullfill his/her dreams in whatever part of the world he/she desires. With proper education nowadays there are no borders. You yourself can decide what is possible and go after your dreams.