Tag: MBA

Online MBA programs help to leverage the competitive market scenario, where the demand for managerial skills is high and the supply of skilled and experienced workforce is less. In addition, Distance learning courses for professional degrees such as MBA help working professionals maintain job-continuity through their academic endeavor. The job-continuity or business-connect is of paramount of significance for emerging and established entrepreneurs as well. And, keeping in mind the specific requirements of entrepreneurs is SMU-DE MBA in Entrepreneurial development and family business.

How entrepreneurs can benefit from the Online MBA specialization?
Entrepreneurs who have carried forward a legacy business or started
afresh derive multiple benefits while pursuing Online MBA courses in entrepreneurial development and family business.

Entrepreneurship can make way for a great enterprise, when streamlined with managerial skills. Management in principle is about making optimum usage of every resource involved with business production. This apart, parameters such as the potential risks associated with a business, the interpersonal skills, risk tolerance, leadership qualities and creative thinking, which are key entrepreneur skills, come under the purview of MBA Entrepreneurial development and family business.

Creative thinking helps to apply novel approach for the business or the market situation;
Risk tolerance will drill out the enterprising capabilities of an individual, to look work out ones way through the risks and turn it into a positive potential;
Interpersonal or social skills play a vital role in team-building, working cohesively as one unit;
Leadership qualities will not just initiate but also create a symbiotic relationship with all the resources part of the enterprise.

The advantages of distance learning in MBA

The flexibility, convenience and accessibility
One of the key advantages of MBA Distance Learning that it helps to maintain continuity with the work-life, as there is no time and space constraint in this mode of education. The continuity maintained by entrepreneurs with regard to their business helps to build further from the existing foundation. Additionally, the interface with the business resources- people, consumer, market and trends, is kept live as distance learning doesnt demand full-time commitment in comparison with regular stream of education.

Industry-oriented curriculum, e-learning

Online MBA programs offered by universities of repute are industry-relevant, with greater emphasis on practical exposure.
To enhance the learning experience of students, distance learning has taken to the technology medium to deliver content, academic and non-academic training in managerial skills. The online learning programs squeeze in just right to fit into the busy business schedule of entrepreneurs.

With UGC and DEC-recognized SMU-DEs MBA in Entrepreneurial development and family business; entrepreneurs ride on the crest of creativity, lapping up the trends of the global market scenario. At the same time they discover new possibilities in business management, and take the right lead for their enterprise.

In every industry there are misunderstandings,, common myths, fictional stories and personal opinions. Business coaching is no different. The more popular this industry becomes the more susceptible it become to untrue allegations.

This article helps to shed some light on this industry and provide you with some business coaching facts.

Many of the business coaching facts found in this article are courtesy of survey results provided by the International Coach Federation. Others are the finding of separate studies.

Fact: There are over 25, 000 business coaches in the U.S. alone. Many of them coach both online and offline businesses. While business coaching may seem like the new kid on the block, the truth is the foundation is well established.

Fact: Over 40% of Fortune 500 companies use business coaching. Business coaching is not just for inexperienced entrepreneurs. Even large corporations and people with MBA’s utilize business coaching.

Fact: Coaching is about learning not teaching. Coaches are not teachers. They can teach you a lot but they are not there to teach you how to run your business. They may not know how to do things better than the client.

A coach can observe patterns and set the stage for new actions and then work with the individual to put these new, more successful actions into place. They are not there to do the work for you.

Fact: Most clients do not turn to coaches simply for monetary advice. They turn to their coach for help on time management as well as career guidance and business advice. To a lesser but still significant extent, they seek coaching on family, relationships, wellness and spirituality.

Fact: 98.5% of coaching clients said their investment in a coach was well worth the money

Fact: Coaching is a process not an event. The true process of coaching requires getting at the ‘root cause’ of deficiency. If your company is lagging there is a reason.

Business coaching is need to help get to the root cause. You have to be willing to accept the cause, overcome it and then begin changing the effect it has on you and your business. All of this is a process.

Fact: Coaching is not the same as consulting or counseling. Coaching is about creating a win-win alliance. Coaching looks at businesses holistically.

Fact: 61% of clients report having greater job satisfaction due to coaching.

Fact: Coaching can produce a 529% return on investment and significant subtle benefits to the business.

Fact: Not all business coaching firms are genuine. They will try to set up cult-like organizations. These organizations try to control businesses, push products on them, and do not have the business owner’s best interest at heart. This is why it is important to research an organization thoroughly, and ask your coach for qualifications and references before continuing to work with them.

Fact: According to most clients to be a sounding board is the number one role of a coach. They want a coach who will provide honest feedback and really listen to them. They also use them as motivators, friends, mentors and spiritual guides.

Fact: More than two thirds of clients attributed to their coaching a higher level of self awareness, smarter goal setting and a more balanced life.

These Business Coaching facts should help you see what you can get out of coaching but also what you may have been wrong about. A business coach helps your business performance by giving you an outside perspective.

They don’t build your business for you, complete tasks for you nor should they compare clients or coworkers within an organization. They help you reach your business goal by deciphering what is limiting your progress.