MBA Degrees Versus an Industry-centric Managerial Certification - An Innovative Solution for Globally-Positioned Enterprises
Keywords:Competency-based Assessment, SME Manager, Industry, Certification, SME Trend, Global-Centric.
AbstractPresently, many countries are facing challenges of continuing economic contraction, huge public debts, bankrupt governments, massive unemployment, and underemployment of young graduates and mid-career professionals, geopolitical issues and socio-economic uncertainties. At the same time, universities and institutions continue to produce legions of MBA holders to fill the global marketplace justifying the shortfall in management talents in many economies, especially the emerging markets and BRICS economies which are likely to forge continued global economic growths. In this paper, the author investigates the macro environment, identifies the needs of today's industries, and examines the current ecosystem of the business education sphere. Special emphasis will be focused on curriculum and pedagogies review, as well as an economic justification of pursuing an MBA education against embarking a catalyst qualification intended to speed up management placements, improve return on investments of stakeholders, add value to the learning process and answers to the needs of today's industries.
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