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7.9.14-What MBA Program teaches

 

It gives you credibility with your business peers:-

 

By getting an MBA Degree, you demonstrate your commitment to the business because you have invested time and energy in getting it.  It shows that you have a business perspective and recognize that the technology you implement, support and develop is used to promote business activities. What MBA Program teaches that you have now got a certain level of knowledge in business management, which gives you the ability and confidence to speak on equal terms with executives in the company.  The MBA adds credibility to your perspective when you are discussing technical solutions to business problems with colleagues.

 

It teaches you to think like a business person:-

 

A logical mindset is important to writing good software, troubleshooting technical problems and managing projects. Business people, on the other hand, tend to think in terms of strategies, value and a human (customers and investors) touch. A business perspective, by its nature, tends to rely more on estimation and trial and error. The ability to think like a business person is critical for technology managers. Without this business mindset, a CIO will be creating an IT department that is rigid, slow or too restrictive to fully support the company’s needs.

An MBA teaches you to look at problems and opportunities holistically. It also helps you to think analytically, that you can apply to any problem or opportunity you encounter. The business mindset that an MBA gives you becomes a habit because you use those frameworks repeatedly in a rigorous academic environment, and you see how they can be applied in a variety of situations.

 

You will communicate better with your business colleagues:-

 

IT professionals use a lot of jargons as shorthand when they communicate among themselves. Each of the business functions (such as sales, marketing, accounting and human resources) has its own jargon, which represents equally complex ideas or processes. In business school, you learn the distinct languages of those functions. You learn, for example, the difference between cash-based accounting and the accrual method, earned value and net present value, suspect and prospect, guerilla marketing and viral marketing and situational interviews versus behavioral interviews.

If your colleague from Finance discusses with you the cost of moving from a cash-based accounting method to an accrual method, you will know that she is referring to the large write-off associated with booking expenses and income when they are incurred, as opposed to when money changes hands. I understand that this one-time expense occurs because you have to book a bunch of expenses in the current year that normally does not get booked until the next year. You would know this because you learned in business school what the terms mean as well as the implications of each approach. Your knowledge of different accounting methods allows you to be an active participant in business conversations.  You can use the business function’s own terminology to explain to your business colleagues the impact of technology. Using a language with which they are comfortable makes it easier for you to explain technical details to them and to get their support.

 

Finally, the MBA Program experience will change the language you use in conversation with business people.

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