Things have changed in the business world and the changes are being reflected
in the educational landscape. The Masters of Business Administration degree
(MBA) was once considered a dull path for people who wanted to become commercial
number crunchers and pencil pushers. Today MBA programs, and particularly online
MBA programs, are top career paths. The MBA can lead to a wide variety of important
posts in industry, education, and in government. In fact, a rising number of
corporate executive officers (CEOs) and corporate financial officers (CFOs)
proudly list their MBA degrees among their many accomplishments. Almost every
industry in the country depends on people with MBA programs in their backgrounds
to help lead their enterprises into the future.
Among the reasons for the increased corporate emphasis on MBAs, are the changed
business climate. On the one hand, businesses have expanded across the globe.
Their operations are increasingly more complex. Even small local companies
depend on vendors, partners, and customers from around the world. Competition
has also grown. A local company may find itself in competition with a firm
across an ocean. The regulatory environment has also become more complex. Local,
regional, and national laws and regulations tell businesses what they can and
can't do. Tax codes need to be understood and sorted out. The old style executives
who learned on the job are no longer able to cope with this information explosion.
In fact, many of them re-enter the educational scene without leaving their
current posts, and pursue online MBA programs. The online MBA programs allow
busy executives or entry level beginners study at their own paces and in their
own ways as they move towards this important degree.
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