It is a certainty, as indicated by various studies and the results of the companies, that invest in MBA master studies among their workforce is a very profitable decision for companies given the improvement in productivity and efficiency that occurs. On the other hand, companies that dedicate resources to MBA training improve employee retention rates, thus having a direct impact on brand reputation.
It is also true that many companies do not find convincing reasons to invest in the training of their workers, and are reluctant to do so considering it solely from the point of view of an expense. However, reality shows that investing in specialized and quality training is one of the best ways to strengthen and enhance the growth of an organization. For this reason, and more in these times, it is essential that companies invest to obtain a return translated into increasingly competent profiles, which is why training must be part of this investment. In addition to what has been said so far, The allocation of resources in MBA training has several benefits. Next, we explain which are the most relevant.
How does the fact that an employee study an MBA benefit a company?
It is easy to recognize that Studying a Masters in Business Administration is very beneficial for an individual. It is not necessary to go very far to verify that in Spain the MBA in Madrid They are prestigious titles that focus on the development of a set of skills that are highly demanded by companies and, therefore, have an impact on the generation of greater opportunities to improve at work. However, How can an employer or company benefit from the fact that an employee studies an MBA?
Financing an employee’s studies or hiring an MBA graduate benefits a company in several ways:
- Broad understanding of business: Professionals who have studied an MBA have a broad understanding of business management concepts and practices. Therefore, they can help the company in making strategic decisions in the areas of finance, marketing, operations and human resources.
- Team leadership and management skills: MBA graduates are prepared to lead teams and manage people by creating a collaborative, highly motivating and productive work environment. The development of strong interpersonal and communication skills, the ability to make key decisions and manage uncertainty, along with a growth mindset, create a perfect framework for exercising leadership. Through case studies, group projects, business simulations, and professional experiences, an MBA offers the necessary tools to develop these key skills.
- Innovation: During the academic year, students are exposed to the latest trends in the business world and have the opportunity to work on projects about new business ideas. This type of experience confronts them with different perspectives and approaches, thus fostering their creative thinking and their problem-solving and innovative capacity. As a result, this training becomes a source of innovative ideas for the company where you work.
- Critical thinking: MBA master’s degrees are designed to teach students to analyze and solve complex problems in various contexts, to question assumptions, to make proposals and to make decisions. Critical thinking is a valuable skill that enables business leaders to systematically and efficiently address challenges and opportunities. Critical thinking can also boost productivity in the company. By encouraging employees to think reflectively and proactively, the company improves its levels of product innovation and business activities. On the other hand, creativity is increased, which can lead to finding more effective solutions and the identification of new business opportunities or investment projects.
- Networks and connections: Students of a Master’s in Business Administration have access to and establish contacts with other professionals in the business world. These contact networks include entrepreneurs, investors, industry leaders and other experts. All this allows participants to stay informed about the latest trends. In this way, they can equally transfer new ideas and knowledge to your company and lead it to the forefront within its industry.
Promote the most valuable resource, workers
Modern business management requires the timely action of workers committed to the mission of the organization and capable of dealing with ambiguity. During the training stage of an MBA, employees learn to think critically, so they acquire the knowledge and tools necessary to deal with any type of challenge.
Those who occupy strategic positions within the company must make decisions that ensure the future of the business
Indeterminacy has no place in a company navigating an economic environment that is changing by leaps and bounds. Those who occupy strategic positions within the company must make decisions that ensure the future of the business. In this sense, it is important to real and practical knowledge that is received in an MBA. Throughout the preparation, students not only learn how to overcome challenges, but their management skills are put to the test to resolve risky situations and apply rigor to detect viable opportunities or others that may involve commercial risks. and/or financial.
On the other hand, while delegating authority or the direction and management of certain business actions may be unpleasant for employers with a culture of micromanagement, having employees with leadership skills and qualities Those who can be trusted to achieve results-based objectives as well as make decisions relieves senior management. This also allows managers free up your schedule and devote efforts to strategic tasks that lead to the achievement of the general objectives of the organization. In turn, delegating tasks to skilled employees helps build a strategic group of experienced workers who can give the company a real competitive advantage.
The managers of leading companies are trained with an MBA
Recent studies show that a large number of CEOs of the world’s leading companies hold MBA degrees.
Recent studies show that a A large number of CEOs of the world’s leading companies hold Master of Business Administration degrees.Especially in the US, where the MBA originated, the 69% of CEOs are MBA graduates. In addition, there is also a high presence of managers with Master’s degrees in Business Administration in countries such as China, France and the United Kingdom.
In spain, it’s also common to find CEOs with MBA degrees. For example, José María Álvarez-Pallete, CEO of Telefónica since 2016, he is a graduate of the IESE Business School MBA program. Álvarez-Pallete has applied his knowledge in business management to lead the company to success in the telecommunications market. Under his leadership, Telefónica has managed to expand into new markets, such as the United Kingdom and Germany, and has implemented innovation and digitization strategies that have led to a transformation and improvement of its competitive position in the market.
Another example of how professionals with an MBA run leading companies in the market is the case of Ana Botín, president of Banco Santander since 2014. Botín is a graduate of Harvard Business School and has applied her knowledge and skills in business management to lead the bank making a difference in the financial market. During her tenure, Banco Santander has managed to increase its income and profits, expand into new markets and improve its position in the international market. As a business leader, Botín has stood out for her strategic vision and her ability to lead teams and motivate her employees, achieving maximum commitment to achieve the company’s objectives.
These examples illustrate the importance of the Masters in Business Administration in the path of training to exercise positive leadership and obtain extraordinary results for the company in the global market. Invest in an employee’s MBA training or hire a graduate, is of high benefit to the company in various aspects as we have analyzed. In summary, the benefits range from a general understanding of business to developing specialized management skills, gaining practical experience and an innovative perspective on the world of business. All of the above is of invaluable help for companies to be more competitive, efficient and productive.
