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Impacts of Management Education on Individuals
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Posted On :
Apr-30-2011
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Article Word Count :
488
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Management education is the pathway for graduates in any field to attain a life-long benefits portfolio that provides various sorts of benefits including economic, respect and social status etc.
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Management is the activity of getting things done with the aid of people and other resources including money, tangible and intangible assets etc. All the processes are carried out for accomplishment of particular organizational objectives. The ways these resources are managed to produce the desired results (or fairly close to the desired ones) determine the efficiency of the organization.
Effective management of resources is a must for every organization. Resources are many among which the three most important ones are Time, Working personnel and Money. These three need to be managed well in order to facilitate the smooth functioning of the organization that is vital to make the firm stand strong in today’s competitive market.
The competition is rising today in almost every field and firms are searching for New and innovative ways to bind as much targeted customers as possible with them. This competitive environment is actually benefiting the customers as they are getting better services at comparatively low prices.
Management education is the pathway for graduates in any field to attain a life-long benefits portfolio that provides various sorts of benefits including economic, respect and social status etc.
Proper Management education’s contribution to the overall well being of graduates including al sorts of satisfaction factors is a dynamic Success story. Management has been a need for us from the very beginning of our evolution. Only faces and forms of the required management practices have been changed.
A recent research report on the economic value of management education for the overall economical well being of the country revealed the measurable value of the proper management education.
The survey was conducted by the Australian Business Deans Council concluded that the average business undergraduate degree generates an economic benefit of $498,794 per graduate as compared to $183,513 for the average undergraduate degree. The benefit for a graduate degree recipient was $659,726 as compared to that of the average graduate degree recipient with a value of $254,085.
Another family of facts will demonstrate the fact even more. It says that more than 200,000 diplomas are awarded annually, out of which the MBA is the world’s most popular graduate degree that moist of the people crave to attain as they quite clearly know the benefits it can draw to the person. And the economic benefit of achieving this graduate level management education is crystal clear.
A recent study specified four specific benefits of an MBA degree. These benefits included higher starting salary, greater compensation growth, more stable long term employment and a higher likelihood of participating in the workforce. The risk is minimized by practicing the situations that may arise. The authors use three measures to show that the average MBA degree is an extraordinary investment.
Thus an MBA is surveyed and proved to be the most promising and valuable investment in Education for a person.
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Article Source :
http://www.articleseen.com/Article_Impacts of Management Education on Individuals_60914.aspx
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Author Resource :
Education Analyst Anuj Invites you to bank recruitment information portal also consisiting of ias preparation material and helpful info on various mba courses.
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Keywords :
impacts of management for people, management impacts ,
Category :
Business
:
Careers
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