The Benefits of an Executive MBA #5 The Impact on
Colleagues and Company
In the fifth installment of its look at the benefits of an EMBA, TopMBA.com looks at how it can impact companies and one's colleagues.
The
benefits of an Executive MBA on the individual graduate are often talked about
but there is another party reaping the rewards of the EMBA student’s business
school investment – the employer.
Company funding for Executive MBAs may be warning in these
difficult financial times, but many employers are still aware of the positive
impact an EMBA can have on their organization.
The
immediate benefits for employers and colleagues rest not only in the applied
hard skills an EMBA student acquires throughout the program, but also in the
confidence, attitude and new approach to work a newly graduated EMBA employee
will likely bring to the organization as a whole.
In
addition, the structure of Executive MBA programs mean employees can apply new
skills and knowledge into the workplace straight away, thus making an instant
impact rather than having to wait until after graduation.
At the forefront of business trends
The
EMBA environment presents students with a range of new experiences and
impressions. These can be used to make a positive contribution to the
workplace. Yet of greatest value is the exposure Executive MBA students receive
to cutting edge developments and prospects in the international and global
business world. This means they are able to identify new trends and swiftly
turn them into opportunities, either for a specific company project or the
organization as a whole. The global business environment is one of high
dynamism and frequent change and being embedded in a learning environment, such
as that of the EMBA classroom, gives employees the unparalleled possibility to
find out about and react to these latest trends quickly. This, among other
aspects of an EMBA education, results in an EMBA employee being able to think
better strategically with the organization’s interests in mind.
Shaping strategy
Being
able to shape strategies effectively and innovatively is perhaps among the most
valuable benefits an EMBA student can bestow on his or her company. Thinking
through complex business cases and problems within the EMBA curriculum, inside
and outside the classroom, will often result in greater agility in tackling
problems that arise within the work context. Additionally, being exposed to new
perspectives and creative input from other classmates and students creates a
general outlook of innovation and inspiration.
Developing strong leadership
Employees
with an EMBA education will often exhibit innovation, tenacity and
forward-thinking. This is particularly inspiring for colleagues around them. As
a result, EMBA graduates make for stronger team leaders who are equipped with
the skills and knowledge to create and motivate better performing teams. EMBA
programs today increasingly focus on the development of soft skills, such as
improved communication, a greater self-awareness and the ability to motivate
others more effectively. When EMBA-employees directly transfer this knowledge
from the business school classroom into the real world, this can make for a
very productive, dynamic and rewarding process. Furthermore, the reactions and
responses from work teams and employers can be critically discussed back in the
classroom, and potential challenges can be addressed. However, the learning
doesn’t stop there. The results of these discussions among the EMBA faculty and
a student’s classmates can then be fed back immediately into the work
environment.
Spreading the skills
An
Executive MBA doesn’t just equip students with the most up to date knowledge in
the business sector; it also arms them with the tools, methodologies and
analytical frameworks to work from. This is yet another advantage the Executive
MBA brings to the organization. While an EMBA employee’s fellow colleagues can
witness firsthand the relevance of their co-worker’ education, perhaps the true
benefit is in the frameworks he or she implements and to lasting effect. This
combined with a new perspective and different methods of approaching specific
problems on a wider, collective basis can only result in a win-win situation
for all involved.
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