Tuesday, June 11, 2024

How can one leverage the MBA program to reach great career and professional heights ?

Here are certain tips on how one can leverage his / her MBA program and reach great professional and career heights. 

The MBA of today is no more local, it is becoming Global - or more specifically GLOCAL. For countries like China, US, UK and India, the local managers need to be equally conversant with business practices of local companies as also those of international companies to become competitive and expand business.

Leverage your MBA program:
  • Curriculum: Look for courses in international business, economics, trade, and cross-cultural management. These courses will provide a strong foundation in global business practices and challenges.
  • Case Studies: Analyze real-world business cases involving international companies and markets.
  • Faculty: Engage with professors with global expertise. Seek guidance and participate in discussions with international backgrounds. Entering in email contact with global professors can start and continue by email communication on how their article or paper changed one's mindset and thoughts in a particular area 
  • International Immersion Programs: Participate in study abroad programs, short-term international projects, or global virtual teams. Alliance University in Bangalore has immersion programmes with almost 60 global business schools across multiple continents
Broaden your Knowledge and Network:
  • Global News & Media: Stay informed about international business news, economic trends, and political developments.
  • Foreign Languages: Learning a second or third language can significantly enhance your communication and understanding of different cultures.
  • International Business Organizations: Join student chapters of organizations like the International Business Forum (IBF) or the National Foreign Trade Council (NFTC).
  • Networking Events: Attend business conferences, trade shows, and networking events with a global focus. Connect with professionals from diverse backgrounds.
  • Awareness of Global Protocols, Environmental Standards: Having good awareness of global standards and practices can help understand better the ethical and national compulsions of operation by global organisations and business conglomerates.
Develop Intercultural Skills:
  • Cultural Sensitivity: Understand and respect different cultural norms, values, and ways of doing business. Doing business in China, US and India need different understanding of culture and society.
  • Cross-cultural Communication: Learn to adapt your communication style and messaging for diverse audiences, like businessmen, bureaucrats, policy makers and so on.
  • Global Negotiation: Develop strategies for successful negotiation across cultures, considering different approaches to decision-making and risk-taking. Intyeracting with multiple audiences, watching interesting youtube videos from UN, IMF, World Bank, FGorbes, HBR etc can guide in this direction.
Embrace a Global Mindset:
  • Think Globally, Act Locally: Develop a strategic understanding of the interplay between global forces and local contexts. Consider how global trends impact different regions. Read global magazines and journals to embrace a global mindset.
  • Embrace Diversity: See diversity of thought, experience, and culture as strengths and assets for effective global business strategies. Interact with diverse sets of people and get to know and understand their views, perspectives on global events and actions
  • Think Long-Term: Develop a long-term perspective that considers global sustainability and social responsibility in business decisions. Being able to see through the long term impact of current decisions is a very valuable skills one can acquire in the course of time.
Additional Tips:
  • Independent Research: Research specific companies or industries operating internationally. Analyze their global strategies and challenges and how that organisation can impact global processes and policies. For example Amazon, Microsoft, Nvidia and Tesla are global organisations that no global leader can ignore in their daily decision making.
  • Simulations & Games: Participate in business simulations or online games that require strategic decision-making in a global context. 
  • Mentorship: Seek a mentor with global business experience to provide guidance and insights.
An MBA student who follows these steps can never falter and will become very successful locally and globally in his / her professional career.

George

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