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The Importance of Management Education: Elevating Individuals, Organizations, and Society

Management education plays a vital role in enhancing skills, boosting employability, and contributing to the overall societal fabric. For individuals, it offers essential business skills, higher salaries, and quicker promotion opportunities. Organizations benefit from enhanced competitiveness and innovative business leadership, while society sees increased demand for skilled professionals addressing community needs. By delivering rigorous programs rooted in current business theories and community service initiatives, our school exemplifies how management education adds value across all levels, preparing students to thrive and lead.

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The Importance of Management Education: Elevating Individuals, Organizations, and Society

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Presentation Transcript

  1. Why Management Education Matters

  2. Value of Management Education • Define and communicate value proposition to: • Individuals • Organizations • Society

  3. Value to Individuals • Business Skills • Employment & Promotion • Financial Benefits

  4. Business Skills • Advanced set of business skills • Knowledge of current theory • Adaptable to different settings • Ready to work: need less, if any, training

  5. Employment & Promotion MBAs are in high demand (2006) • Recruiters employ 18% more MBAs • Intentions to hire 25% more MBAs • 71.5% of graduates receive promotions

  6. Financial Benefits Business graduates: • Salaries increased 49% from 1996 • Business undergraduates average salary offers increase 6.2%

  7. Insert information about how your school provides value to students

  8. Value to Organizations • Competitiveness • Business Leadership • Research

  9. Competitiveness Business graduates • Become productive faster • Know issues relevant to business • Know business history and trends • Can make a significant contribution to organizations

  10. Business Leadership Prominent business school graduates: • Warren Buffet: Columbia • Meg Witman: Harvard • John Browne: Stanford • Jeffery Immelt: Harvard

  11. Research Business research has led to valuable ideas: • Supply chain management • Derivative pricing • Quantitative methods • Portfolio analysis

  12. Insert information about how your school provides value to organizations

  13. Value to Society • Demand for Business Skills • High Impact Theory • Community Service

  14. Demand for Business Skills • Employment in business is increasing rapidly • Demand for business knowledge is high in developing countries • Growing service sectors need business graduates

  15. High Impact Theory • Goal setting theory (Latham & Locke) • 5 forces model (Porter) • 2 factor theory of motivation (Herzberg) • Dimensions of culture (Hofstede) • Motivation, power and leadership (McClelland)

  16. Community Service • Peace Through Commerce activities • Small business incubators • Student organizations • Faculty consulting

  17. Insert information about how your school provides value to society

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