In the current scenario, many organisations have started taking leadership training more seriously-spending money and money on development programmes in order to upskill and also retain employees. MBA programmes are both demanding and rewarding nowadays. Furthermore, flexibility is also available in an MBA programme. Indeed, the corporate leadership training market is predicted to grow by more than $8 billion between 2021 and 2026 according to a Technavio market study.
An MBA programme is an opportunity for accelerating student leader development which will aid to expand the roles they might elect to opt for upon completing the programme. Overall, you can also say it is a multi-day capstone programme in which students reflect on how to continue developing their leadership skills and create a roadmap for both personal and professional growth.
However, more than that an MBA is all about exploring yourself. Often, it is the opportunity to pause for reflection and also asses your personalities such as strengths, weaknesses and ambitions which will help you in building your leadership capability. Here are the five ways an MBA will help you to become a good team leader:
Managing responsibly is not just about doing well; there is evidence that it is also profitable. Post-financial crisis, all the leaders should think about social impact and sustainability. Fortunately, business schools agave also ramped up their focus on these topics in their MBA courses. However, some locations are most suited to responsible management.
These days in an MBA classroom, learning theory is always accompanied by a high focus on both practical and experiential training. Leadership is not always about doing things but as well as helping to understand the experience of others. Hands-on experience can help a leader appreciate the intricacies of what he or she is asking other employees to do.
Before you lead others, it is extremely crucial to know yourself. With the help of self-reflection, you can better understand both your strengths and the areas you are required to work on to enhance your leadership qualities. Moreover, this degree also takes students through a series of workshops which emphasise introspection and three coachings trajectories-individual, team-based and career coaching which are designed to help professionals harness their leadership potential.
4. Teamwork
Leadership is not all about having all the answers, but also enables others to find solutions themselves. It is more about getting the best out of people, managing diverse groups and being inclusive whether that is across different nationalities, genders, cultures etc.
An MBA degree generally throes students from different backgrounds together and also forces them to work with one another. This experience will also help candidates in building those crucial soft skills that recruiters are increasingly after-emotional intelligence, communication and the ability to work in teams.
Part-time MBA students are usually trying to polish the job skills they already possess. In construct, full-time MBA students are often either attempting to lay the foundation for earning a leadership role or are attempting for switching careers by-for instance- shifting from banking to entrepreneurship.