Why Management Education Matters

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Why Management Education Matters
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Value of Management Education

• Define and communicate value proposition to
• Individuals
• Organizations
• Society

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Value to Individuals

• Business Skills
• Employment Promotion
• Financial Benefits

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Business Skills

• Advanced set of business skills
• Knowledge of current theory
• Adaptable to different settings
• Ready to work need less, if any, training

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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

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Financial Benefits

• Business graduates
• Salaries increased 49 from 1996
• Business undergraduates average salary offers
  increase 6.2

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• Insert information about how your school provides
  value to students

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Value to Organizations

• Competitiveness
• Business Leadership
• Research

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Competitiveness

• Business graduates
• Become productive faster
• Know issues relevant to business
• Know business history and trends
• Can make a significant contribution to
  organizations

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Business Leadership

• Prominent business school graduates
• Warren Buffet Columbia
• Meg Witman Harvard
• John Browne Stanford
• Jeffery Immelt Harvard

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Research

• Business research has led to valuable ideas
• Supply chain management
• Derivative pricing
• Quantitative methods
• Portfolio analysis

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• Insert information about how your school provides
  value to organizations

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Value to Society

• Demand for Business Skills
• High Impact Theory
• Community Service

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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

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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)

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Community Service

• Peace Through Commerce activities
• Small business incubators
• Student organizations
• Faculty consulting

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• Insert information about how your school provides
  value to society