Online MBA programs are designed to nurture the leadership potential of business professionals. The curriculum combines collaborative group study and interactive technology in a structured format. Here are the skills you learn in an MBA that will last a lifetime:
Leadership and Management
Online MBA programs offer classes on leading teams or large-scale organizations. These courses explore corporate governance, strategic leadership, and cultural intelligence. In corporate governance studies, students survey the relationships and systems that direct organizational decision-making. Strategic leadership teaches students to oversee a company’s operations and lead employee training and project teams. Cultural intelligence courses help students lead teams and form relationships with people from diverse cultures.
Business Strategy
Business strategy comprises business-level, corporate-level, and international strategies for evaluating a business’s resources and competitors. Corporate-level strategy encompasses value chain analysis, strategic alliances, and mergers and acquisitions. In international study, students learn how global companies gain competitive advantage. Students further explore strategic frameworks through competitor analysis, scenario analysis, and the balanced scorecard.
Strategic Decision-Making
An MBA program boosts your strategic decision-making skills by exploring the decision-making process in a high-stakes environment. You learn why organizations struggle to make key decisions quickly by analyzing market trends, weighing shareholder concerns, or evaluating financial concerns. Throughout the program, students discover ways to streamline decision-making by understanding the requirements for each stage of the process.
Data Analysis
During an MBA, you learn data collection and analysis skills to solve business problems. Data analysis helps businesses identify market trends, make investments, and predict consumer behavior. An MBA’s data and decisions unit teaches statistics, probability, and regression analysis.
Regression analysis teaches guidelines for quantifying dependent and independent variable strengths. Students learn how to gather data while avoiding errors and cognitive bias. Statistical sampling, random sampling techniques, and surveys are key components of the data collection course. The MBA program also boosts data analysis skills through statistical inference, hypothesis testing, and decision-making through statistical methods.
Entrepreneurship
Entrepreneurship specializations within an MBA program prepare students to launch new business ventures. This specialization teaches new business owners how to recognize growth opportunities and select actionable ones. It delves into entrepreneurial experimentation to determine whether a business idea is viable long-term. Students learn about business and revenue models to predict how businesses create and capture value through customer value propositions and the lean canvas. Design thinking also forms part of the entrepreneurship specialization, equipping students with skills to actualize ideas.
Financial Literacy
The core classes in MBA programs provide knowledge in accounting and finance. Managerial accounting teaches you to assess costs and revenues to make budgeting decisions. Courses also explore assets, liabilities, and equity and principles for financial statement preparation. Finance units teach capital structure, allowing students to assess the profitability of projects.
Learn More About Online MBA Programs
Online MBA programs provide continuously expanding skills for a long-lasting career. They equip students with hard and soft skills useful for employment and entrepreneurship. Most MBA programs conclude with a capstone project that integrates the core curriculum with real-world experience to allow students to apply learned knowledge. Contact a reputable business school to learn more about online MBA programs.
