Define management, identify the best managers, and learn how an Executive MBA program can help managers.
Management is the ability or task to handle people, processes and equipment to achieve an identified goal.
The goal is to organize activities and people to meet activities by wisely, efficiently and effectively using available resources. Managers and leaders need education to achieve this, and the educational program for them is called Executive MBA.
A Master’s in Business and Administration for executives is a post-university program that takes two to three years to complete. Students are primarily corporate executives, business leaders and industry movers. This is an MBA program that is fine-tuned to make it useful specifically for executives.
Executives are trained to becoming better organizers, planners, directors, leaders, and motivators.
They run organizations by deploying all available manpower, finances, resources, technologies, and systems.
They make important decisions that will determine the future direction of companies.
Executives, directors and managers are men of power, and with power comes responsibility.
They have the authority to twist and turn corporations.
The job of education programs such as an EMBA is to harness such power so that it won’t be used for the wrong purposes.
Traditional thoughts in management believe that managers have six basic responsibilities to perform.
They are forecasting, planning, organizing, commanding, coordinating and controlling; meanwhile, the most common expectations for what managers should do are to supervise, motivate, plan, strategize, diagnose, and give feedback.
When done efficiently and harmoniously together, these activities could propel a business to a billion-dollar success.
Forecasting is a manager’s task that is to an extent based on blind, gut-feel prophesying.
It is still founded on research, analyses and years of experience and had been agreed upon by experts, analysts and business leaders.
After forecasts are deemed sound and realistic, executives could then build their plans and begin organizing company activities, strategies and growth more efficiently.
Commanding is a dying art.
Executives are now more coordinators, facilitators and influencers than commanders: the goal is not to command but to encourage, influence, and propel.
Today, decisions and corporate directions are shared by many, although final decisions are still made by the top executives.
Management is also about business administration, which is why a Masters in Business Administration (MBA) is important to managers and businesses.
However, it is not exactly accurate to equate management with business administration along, because management is much more than just running a business and making money.
Management or leadership also applies in non-business organizations, charities, governmental agencies, churches, and so on. while the different types of management include Human Resource Management, Operations Management, Strategic Management, Marketing Management, and Financial Management, to name a view.
Management is not an exclusive art for business schools, MBAs or EMBA programs.
In fact, sometimes the most important management skills are acquired outside the classroom.
EMBA rankings list the best programs out there but they are just among the many other courses on management and leadership.
The goals for management differ based on a given industry.
For non-profit organizations, for instance, the goal of managers is to meet the expectations of shareholders; while for businesses, the goal is to make money.
An Executive MBA addresses these different applications of management and trains executives accordingly.
