Those who have not yet started a business may gain the knowledge and experience from an MBA that gives them the impetus to launch their own venture. Of course, even established entrepreneurs gain new and valuable insights during an MBA studies.
For an enlightened employer, an employee who has successfully completed an MBA is truly a prize. They bring new knowledge and experience into the company – and likely valuable strategic documents as well. During assignments in the MBA program, students select topics from real-world practice, which allows them to focus on specific problems that concern their employer. The output of such professional work is even more valuable because it is created under the guidance of highly qualified instructors. At the CEMI Institute, only top experts with a comprehensive understanding of their fields teach the programs.
This synergy, however, only works if the company provides suitable conditions for the employee. In addition to a supportive approach, offering an MBA as a corporate benefit works well (MBA tuition expenses are tax-deductible). The company gains a motivated, reliable, and loyal employee who genuinely cares about the company’s success. Developing an employee internally is certainly better than searching externally, especially since managerial positions often experience high turnover – and who wants to waste time and resources repeatedly training newcomers?
Specialized Programs Are in Demand
The growing availability of specialized study programs is an advantage, and CEMI offers a wide range. Someone unfamiliar with the field might assume that an MBA graduate is an excellent expert in management and business processes. Such a program is indeed offered at CEMI called Marketing Management and International Business.
It is true that an MBA can lead an employee to decisions they had never considered or planned before. They may start their own business, with the launch facilitated by their MBA studies. A doctor might decide to open their own practice, a real estate agent their own agency, an HR specialist their own consultancy, a marketing professional their own digital agency, and so on.
What Can Be Useful for Entrepreneurs
Entrepreneurs who already have excellent domain knowledge and many good ideas for improvement but lack business process skills often learn by trial and error. They need to learn planning, financial management, corporate law, marketing, leadership, and many other skills necessary to successfully run a company.
At CEMI, students can study in English and operate on an international scale, programs such as Global Business Leadership or Marketing Management and International Business are available.
An MBA is an ideal solution for entrepreneurs, especially because they can work on real business problems under the guidance of instructors while studying. In other words, they learn while simultaneously developing their business. Interestingly, a STEM/MARK survey conducted for CEMI found that 44% of entrepreneurs reported that completing an MBA increased their company’s turnover, with an average growth of 22%. That’s a very solid result.
