How exactly to apply the knowledge you learn at your B-school in your organization?
February 22nd, 2017
A lot many skills and courses are taught at a B-school. You must have made up your mind to use certain skills at your future organization to bring a few necessary changes, and give your own input so that you stand out, not just as a “fresher” but as someone who contributed for the betterment of the organization; someone who cares and takes initiative. But that also requires art. If it isn’t expressed well and if you aren’t heard by the right people, your suggestions will go in the dump.
Here’s how to apply the skills you learnt at your B-school, in your organization.
An integral part of any organization is the ability to work well in multiple teams. Whether this relates to group projects, managing staff or delivering presentations to a variety of people, teamwork and social skills are a necessity. Personal interaction in the classroom and in study groups is considered an essential part of the experience of the program.
MBA programs are traditionally taught in cohorts to resemble most management jobs. This is usually a tight knit group of 30-40 students who attend all classes together throughout its duration. The way you interact with your peers will determine the professional contacts you form outside of the classroom. Fellow students will come from a variety of different backgrounds with hiring authority or inner circle contacts that will be beneficial upon graduation. Being a team player and forming strong bonds with your cohort will stand you in good stead at any job in the future.
Emphasis is placed very much on working together and creating cooperative relationships rather than competing with each other.
Throughout the rigorous program, the skills you will acquire will result in increased confidence in the workplace. MBA programs are designed to help you get accustomed to analyzing different business spheres from the perspective of a CEO—which is extremely beneficial for your work at the organization.
Certain management courses feature modules and extracurricular activities that are designed to improve leadership skills; this is of particular use to students who have not come from a corporate background. In a recent interview with London Business School EMBA graduate Jessica Dugan – an equine veterinarian – she highlights the confidence she developed within her cohort as one of the most significant benefits in her professional life.
“I’m usually the medical expert that people come to for advice; it’s a very quiet role, and so this was my chance to personally achieve my goal of becoming a more confident person and to be comfortable in front of crowds.”
The finer detail
Unless you’re trained in accountancy, tasks such as reading a financial statement can be somewhat daunting. Understanding balance sheets, cash flow statements and income statements are few of the essential skills in a management job, especially when determining the strengths and weakness of a business plan or analyzing a company’s operating environment.
The theoretical elements of your course will also make you more aware of crisis management and how to solve business problems on a grand scale by encouraging you to think critically while applying the practical skills acquired on other modules.
Broader work opportunities
Honing your skills at a B-school can open a variety of opportunities at work. Indeed, some students may find that they are offered new opportunities or bonuses from their respective companies as they build up their business acumen and knowledge. Employees who have acquired a management degree are highly sought after in the job market. The skills taught, benefit employers just as significantly—companies profit from talent retention and all the new skills obtained as the program progresses.
Another advantage is the new set of business contacts you will build-up with the peers and alumni of the program in which you are enrolled. After graduation, students usually keep in touch with each other and alert their cohort to new career opportunities with their firms and industries.