An MBA program teaches business strategy. A graduate is able to understand and analyze the strategic factors that impact business outcomes. Business strategy looks at factors that are both internal and external to the business. Internal forces include the customers of a business, suppliers, competitors, barriers to entry, and product substitutes. External factors include social, economic and changing technology. The MBA graduate can comprehend and is able to assess the impact of these forces in specific business settings.
An MBA program teaches its students to recognize and analyze the tactical components of the business environment. The objective is to enable students to arrive at choices and make business decisions based on an assessment of a particular business environment. An MBA graduate understands the influence of organizational structure. An MBA graduate understands the impact of employees, management, capital, marketing and information systems.
The MBA education teaches graduates to analyze the dynamics of decision processes in light of commitments and resources within an organization. The graduate can analyze customer attitudes, perceptions and motivations to add value to a business enterprise. An MBA can identify customer needs and help to develop products. The MBA can use market research to achieve business goals. The MBA understands methods of production and systems of distribution. The MBA can analyze the role each of these components plays in the value creation process.
An MBA is highly proficient in business communications whether written or verbal. The graduate learns to communicate ideas and business strategies effectively. The MBA program develops analytical skills so that the graduate can use quantitative tools and methods. The graduate is familiar with data analysis techniques such as time series analysis and multiple regression and can use data sets to interpret and solve business problems. The MBA program instills highly developed problem solving skills. The MBA can utilize facts and market research to arrive at conclusions and apply decision-making theories.