Strategic Thinking: MBA Programs Teaching Critical Analysis and Decision-Making Skills

In recent times, MBA as a degree has become highly sought after. With more and more students competing to get into top-tier B-schools, there has been a growing concern about the quality of education on offer.

MBA graduates lack preparation to tackle the nitty-gritty surrounding the management sector.

A survey by Gartner found that only 23% of Human Resource leaders trust their managers to lead their teams to success.

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Our complex 21st-century business world demands managers to think independently. They need to analyse tough problems, consider different options, and make well-informed decisions.

This is why building decision-making skills in MBA programs is a crucial area to cover. Let’s check out how critical analysis skills in MBA programs help prepare management students to tackle real-world problems.

How an MBA Degree Can Help Build Your Strategic Thinking

One of the main skills that an MBA degree will give you is strategic thinking. Strategic thinking comes in two parts: problem-solving and critical analysis.

Institutions design MBA curricula in a way to provide students with a thorough understanding of the fundamentals of the world of business. While critical thinking is a key component, one cannot rule out how essential problem-solving is as well.

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Case studies and real-world scenarios

One key method of teaching management is the use of analyses and case studies. As a student, you will be given a real-world business scenario to analyse. You will be further asked to identify the issues and come up with an effective solution.

Some MBA programs also expose students to business scenarios in the real world in the form of internships and other projects. This helps build critical thinking skills as students get to apply their knowledge in practical and real-world settings.

Group discussions

MBA classrooms also encourage group projects and encouraging discussions among peers. Students often need to work in teams on projects. This helps them develop collaborative and communication skills.

By sharing perspectives, students can broaden their understanding of different POVs. This is also essential for developing critical thinking.

Data interpretation and analysis

Strategic thinking also involves problem-solving, which further involves analysing large datasets to pinpoint trends and patterns. MBA Degree teach students how to use such statistical tools and data analysis techniques.

Strategic decision making

Poblem-solving also entails strategic planning and informed decision-making. In a management program, you will first learn how to analyse business challenges from a strategic point of view. Then, you will learn how to come up with solutions to said challenged aligning with organisational goals.

Risk analysis and management

Problem-solving in management most importantly, involves how to assess and manage risks. This is one of the key skills you will learn in an MBA program. You will first learn how to pinpoint potential risks and curate strategic plans to mitigate them.

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Amity MBA: How This All-Inclusive Program Instills Strategic Thinking in Young MBA Aspirants

Amity's online MBA program was created with the entire Indian student base in mind. Many students may not have the aptitude to qualify for the grueling CAT or GMAT exams. Simultaneously, working professionals also may not have the time to prepare thoroughly for them.

This is why the admission process is so relaxed and accommodating. You may have your own qualms about how in-depth an online MBA can be. But, as India’s only UGC-approved online course graded A+ from NAAC, the Amity MBA curriculum is designed to provide quality education in management.

It additionally comes with several other accreditations. All in all, this course is worth every penny. Via practical projects, this course can upskill you with the strategic thinking skills you need. It can prepare you to be an asset to any company that hires you.

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The admission process is quite simple. All you need is your 10th and 12th class certificates and your Bachelor’s Degree (can be from any recognised university and in any discipline). However, as per the application guidelines, you need to have a minimum aggregate of 40%.

Over two years and four semesters, you'll have different specialisations. You can develop strategic thinking skills in any specialisation of your choice. They are:

• MBA in Digital Marketing
• International Finance
• Business Analytics
• Digital Marketing Management
• Digital Entrepreneurship
• HR Analytics
• Data Science

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Conclusion

You might assume that online MBAs lack reliability. But Amity Online MBA says otherwise. It is an all-inclusive course with a simple application process. Moreover, its top-tier MBA curriculum for strategic thinking ensures holistic education and management skill enhancement in students.

As the only UGC-recognised online course, you can reap the best benefits of MBA programs offered by Amity. It opens up new doors for all and sundry who want to give an MBA a shot.