Michael Monk Blog | Do Business Schools Really Prepare Successful Entrepreneurs? | Talkmarkets

Michael Monk

ASU Graduate, Contributor

 Michael Monk is an ASU graduate, an active journalist and dedicated contributor to Amblesideprimary.

Do Business Schools Really Prepare Successful Entrepreneurs?

Date: Sunday, September 9, 2018 11:47 AM EDT

At a university, students learn a profession. Each student is taught to be a good accountant, marketer, doctor, that is, a competent specialist. However, when a person becomes a manager, he soon realizes that his main task is to control not only himself but a whole team. He must be able to organize the work of subordinates, motivate them to achieve desired results, resolve conflicts, allocate time effectively and perform tasks with minimal costs.

The MBA (Master of Business Administration) program is designed to teach managers everything they need to know to work successfully and to avoid mistakes. Curriculum of business schools is focused on practical training. The main attention is paid to solving cases (real problems that companies face). Teachers help students to find the best way out of different situations. In the process of training, they rely on their own experience and practice, as such pedagogues are consultants or current managers of well-known companies.

Knowledge and skills necessary for a leader

This is the main result of passing an MBA course. Business school will help to systematize and structure the existing knowledge, as well as to fill in the gaps if you missed something at the university.

MBA participants develop the following skills:

  1. A system view of a company as a whole. Working, for example, in marketing, you know the peculiarities of your department and segment. MBA gives an idea of ​the management of the entire company: finance, organizational structure, and work with staff.
  2. Also, an important function of a manager is communication. The ability to motivate employees and organize their work, to interact with other units - more than half of the success. Therefore, MBA develops negotiating skills, teaches to resolve conflicts, to convey your own ideas to other people.
  3. Ability to find solutions to any business issues, even unfamiliar, as well as to anticipate problems and successfully predict the consequences of decisions made.
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