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Impacts of Proper Management Education on Our Society
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Posted On :
May-05-2011
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Article Word Count :
400
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Management education has leveraged its positive impacts on each of Society, organization and individuals. Management education leads to the creation of knowledge and leads that is essential to find the success in competitive market of 21st century organizations.
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Management Education is at the apex now as there is ever increasing demand of highly skilled managers in every firm. As there are lots of complexities today in the highly competitive corporate world and the firms are seeking skilled managers that can handle those challenges and still are able to maintain a high performance level. Such people are not in number and the percentage is very low as compared to the over all population.
Management education has leveraged its positive impacts on each of Society, organization and individuals. Management education leads to the creation of
Knowledge and leads that is essential to find the success in competitive market of 21st century organizations. Recent Research in the areas of finance, accounting, and marketing, has enhanced organizational success in a number of areas.
The knowledge provided by proper management education has taken on new dimensions by adding different areas of inquiry that includes derivative pricing, supply chain management, portfolio theory, decision-making, and quantitative methods. Research initiatives often use to facilitate testing of new management techniques to validate, disapprove or to measure their effectiveness and the positive impacts they would have on the overall Efficiency of the firm.
Although it is clearly not in the same league as that for finding the cure for cancer, management initiatives that includes improving inventory control and portfolio hedging can definitely lead to greater productivity and also in turn may produce better jobs, better income levels and a much better quality of life. Management education and research contribute directly to and may even drive business productivity and it gives strength to organizations directly at almost every level of corporate activities.
Management education leads to the creation of knowledge that is essential for the success of 21st century organizations and it provides a fertile environment for the development and incubation of new ideas. One needs to be a lot more creative and fertile enough to be able to tackle the challenges that may arise in corporate world that is getting more and more complex. In such situations, an MBA degree is need of the hour.
Thus we can say that management education a must today as it provides significant life-long economic benefit to graduates and Management education’s contribution to the
Economic well being of graduates is a dynamic success story that does not need much explanation.
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Article Source :
http://www.articleseen.com/Article_Impacts of Proper Management Education on Our Society_61422.aspx
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Author Resource :
Education Analyst Anuj Invites you to bank jobs information portal also consisiting of civil service exam and helpful info on mba courses.
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Keywords :
societal significance of management, management education,
Category :
Business
:
Careers
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