3 Ways The MBA Will Change Your Perspective of Business
Throughout the duration of the Master of Business Administration (MBA) programme, students are exposed to countless new ideas, thought processes and experiences. One of the most common goals of new MBA students is to challenge their current practices and graduate with a practical, up-to-date business knowledge. As such, it is no surprise that the MBA will change your perspective on your current business goals and strategic plans through to general views on the current business environment. If you’re interested to know more, here are a few of the ways the MBA will change your perspective.
1. Gain a holistic business understanding
Throughout the MBA programme, students are required to undertake subjects that cover all key areas of business. This includes subjects such as marketing, finance, logistics management and leadership. The idea behind this is that a holistic approach is gained, and students understand the business at all levels. As a new student, you’ll find that the MBA will change your perspective in these key areas as your knowledge grows and you are presented with modern day business practices. The MBA journey is a wonderful opportunity to understand a business from the bottom up, which in turn will allow you to analyse each key area of your business.
2. Network with a variety of people
As an MBA student, you will have the opportunity to network with business leaders both locally and from around the world. The distance learning MBA is a unique programme in terms of the diversity of students – there are individuals from CEOs and Business Entrepreneurs through to those early in their career undertaking the programme at any one time. In addition, these people come from a range of industries and sectors, diversifying the learning environment even further. The MBA will change your perspective as you network with peers and learn from their experiences. It is also a great opportunity to ask them why they approach various situations differently to you, and how other industries operate.
3. Be challenged by new ideas
One of the key objectives of the MBA programme is to provide students with the most up-to-date business knowledge possible. As a result, this involves discussing innovative practices and prompting students to challenge their established beliefs. The MBA provides the opportunity for experienced facilitators to challenge students, and allows them to question why things are done a particular way. Certain individuals may find that this provides confirmation that they are engaging in the best business practices, and for others this will allow them to change their current approach. Either way, the MBA will change your perspective as you are challenged to think outside the box throughout the programme.
What do you think?
Do you have any other suggestions to add to the list? The purpose of the MBA is to provide new knowledge and challenge ideals, therefore it’s no surprise that many find that their perspectives change. I’d love to hear how graduates of the MBA have experienced changes, as well as from current students about their ongoing journey.
Would you like to find out more about the AIB MBA? Get your MBA information pack here.
This article was written by Laura Hutton on behalf of the Australian Institute of Business. All opinions are that of the writer and do not necessarily reflect the opinion of AIB.