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Why Management Education Matters

Why Management Education Matters. Value of Management Education. Define and communicate value proposition to: Individuals Organizations Society. Value to Individuals. Business Skills Employment & Promotion Financial Benefits. Business Skills. Advanced set of business skills

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Why Management Education Matters

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  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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