Today, we are experiencing rapid technological evolution, and people need to stay updated about the recent changes in the industry. In the last few decades, even in the late 20th Century, an MBA was considered the gold standard for any managerial job at an MNC.
However, there are alternative platforms where people can get the same learning from outside sources, and one doesn’t need a certification for a particular job. Now, MNCs need people who are still competent in their work and can deliver results, and they are the ones who can make a difference in the organization.
Today, we will learn the key value of an MBA grad and how they can deliver results in the competitive field of MNCs.
- The True Value of an MBA in the 21st Century
MBAs are considered as the gold standard of the industry within the corporations to steer the business growth professionally. For example, they are the ones who bring new technology to the business and also help a firm to adopt better consumer results.
For example, by introducing the use of RFID for inventory and through an MBA grad can modernize the ways of operations in the industry. However, now the management of the new companies is aware of all these activities, thanks to the availability of study options and the rise of the Internet.
Now, companies are demanding people who are skilled at a particular job, and through that, they can bring changes in the industry. Typical managerial work is getting redundant, and people need to add something extra to the table rather than just fixating on the strategy.
- How the Changing Dynamics in Corporations is Shifting Demands
The typical role of middle management is evolving, and a person now needs to show a specific skill that can bring efficiency to the work. A company now needs a person who can rather know a new technology as the majority of the middle management work is getting automated.
For example, a group of people working on some project doesn’t need a single person to coordinate. Though a project head or a coordinator is still required, they need to provide some additional skills apart from managing.
People can now use platforms and tools like Slack and other software like Salesforce, and all these tools are putting an end to the managerial role of the company.
- Skills are Overpowering the MBA Degree
Skills are now more valuable for a company rather than just a candidate who has more degrees. Here, a person who has a better understanding of technology can introduce RFID solutions for retailers, and they can make a company leap over the competition.
Here, a person who has an MBA degree can use it as an add-on along with the core skills that a person has from working in a particular industry.
These are some of the areas where the demand from MNCs is higher, and a typical candidate with an MBA degree is not a quality prospect for a company.
