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MBA Degree: What Does MBA Stand For?

MBA stands for Masters of Business Administration, and is a post graduate degree in business communication. It is also one of the most sought after degrees in the world because of its value to people in business and administration. An MBA degree can benefit those in positions in business and management, especially those in executive and managerial positions. An MBA degree from a leading institution in the US has great value throughout the world and thus there are thousands of students from various countries who come to the US for the sole purpose of pursuing an MBA degree even though their own country may offer several MBA programs.

As more and more organizations need to be competitive in both internal markets and the global economy, these economic changes impact on the content and context within which management education takes place.

Business schools must teach students not only how to think about business, but also how to manage it practically. Challenges facing today's leaders include employment equity, employee advancement, skills shortages and productivity. Additionally, today’s leaders need to learn how to innovate. Innovation doesn’t only relate to new products and individuals, it also involves a company’s operating practices, management tactics and business strategies.

Business schools should offer an MBA that provides a blend of both traditional content knowledge (finance, operations, marketing, strategy and human resources) and new economy business skills (team skills, problem solving and innovative thinking).

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