Have you ever found yourself asking- why there is so much hype around an MBA? Why do employers make it such an important criterion while recruiting candidates and while giving promotions? What is it that students are learning in a B-school that general graduates can’t offer?
If yes, then the answer to your question is that there are certain business skills that can only be instilled in a student through practice. These business management skills are taught in an MBA class through specially designed assignments and tasks assessed by experts from the industry.
Proficiency in these skills can guarantee a promising future in the corporate world. Here is a list of business skills that can have a huge impact on your corporate career:
Communicate Effectively, Not Just with Words: No matter how effective you are as a speaker, a business school teaches you how different and measured is the language spoken by the corporates. The message you convey and the message you don’t convey are equally important in the business world. Communication just doesn’t consist of the words you speak but it also includes your body language, facial expressions, the tone of your voice, and most importantly how good a listener you are and your gestures in your silences. The cumulative impact of all these factors is what dictates how your message will be received by others.
Students who enroll in MBA in Business Management has to read lengthy documents, write long dissertations, and communicate with a diverse student community, all of which refine their communication style. Presentations and Team Tasks further give them practice with the complex business language.
Effective communication in the corporate world ensures great compatibility with colleagues, a great impression on superiors, great command over juniors and most importantly it means you become the face of the company when dealing with clients.
Critical Thinking & Decision-Making: The biggest reason why Business Managers are hired is that they are expected to solve any problem that arises in the company.
A great manager must have great critical thinking skills that enable him/her to analyze every situation objectively, figure out the issues, and strategically take a decision keeping the effect of the decision in mind.
To solve multiple problems in such a short span of time and that too without making errors requires great practice and understanding of business dynamics.
Multitasking Smoothly: This goes without saying that everyone in the corporate world is expected to multitask, but none more than the manager. Managers manage people around them and getting other people to give their best is part of their job.
To handle different projects and people simultaneously, one must prioritize things correctly. Those who effectively balance between carrying out their individual duties and coordinating with fellow team members rise to leadership positions eventually. Lack of multitasking skills could lead to serious functional hazards and eventually affect your career, with you not lasting for more than a few days at the office. That is how crucial this corporate skill is.
Research & Analyse Data: Another skill that is of utmost importance in any professional workspace is the ability to carefully read and interpret data. MBA candidates after their two-year training become proficient in research and data analysis and are therefore seen as better candidates for the corporate space.
This is one skill that does have any rewards specifically but is a skill that anyone right from the bottom to the top of an organization cannot afford to go wrong with.
Maintaining Workplace Ethics & Personal Integrity: A skill that cannot be compromised with any sphere of life, not just your professional space, is extremely crucial for a long and successful run in the corporate world.
Any action or behavior that goes against the professional code of conduct is dealt with very severely in the corporate world. Even the people at the topmost position can lose their jobs in a moment if they are caught violating the guidelines of behavior.
Managers must adhere to the prescribed ethics and this is the only way to earn the trust of your staff and peers and eventually reach a position of authority.
Network Consistently: What’s the use of all your talent and hard work if most people aren’t even aware of it? If you don’t just want to be slogging hard but would want to see some solid change in your career, networking is an indispensable skill.
Lack of networking skills could not just stop your individual growth but also, prove detrimental to the interests of your organization. On the other hand, the ability to connect and maintain relations with people can prove instrumental in the growth of your organization and result in happy clients.
Management colleges in Kolkata, Bangalore, Pune, and other major industrial hubs of the country have direct access to the corporates from the IT, FMCG, Banking, and other sectors and so easily provide students an opportunity to network with these business leaders and further their careers.
Be The Leader Everyone Admires: Undeniably, the most important skill in the corporate world that keeps the structure of the organization intact is- Leadership. The best leaders are not the ones who dictate others what to do but are the ones who lead by example and set a precedent for others to follow. These leaders don’t belittle their juniors but lift them up to do better and be the best versions of themselves by giving them constructive criticism and feedback.
Great leaders are great visionaries who lead the organization to bigger and better places by keeping the organization above their personal interests and needs.