According to The International Labor Organization, the unemployment rate has been stable since 2016 at 5.6%. The percentage is expected to decrease by 0.2% only in 2018, based on economic trends that have been noticed. The reasons behind the unemployment rate are countless but it is unfortunate to know that individuals’ choices can be one of those reasons. Many people go for specializations without consulting a specialist or at least having a look at the markets’ needs and requirements. If you plan to get a degree in MBA and you don’t know what to specialize in, I hope you read this article before making a decision as it will guide you for most popular MBA courses in 2018.
Quality Management
Recently, the business arena has been witnessing an aggressive competition that led rivals to work on the quality of products and services provided. Most leading companies earned ISO certificates that prove the quality of their system. From that point, Quality Management specialization is a great opportunity as it became trendy in the market. Quality controllers collaborate with different departments to ensure that processes are meeting the quality standards through auditing, inspecting and testing.
Strategic Studies
Stability is one of the most important companies’ concerns. In other words, what’s the point of having a company that won’t last? That’s why companies are in need of strategic planning who can convert The SWOT analysis, PESTAL factors and other surrounding challenges into opportunities that will help companies’ succeed. You can apply for any strategic major you are interested in, such as Strategic Marketing, Management, Planning, Financial Management, etc.
Entrepreneurship
Creativity, innovation and turning problems into solutions are principles that governments encourage because of its positive outcomes in the society. It helps in creating jobs, reducing the unemployment rate and increasing country’s GDP. In developed countries, you will find many national and international business incubators and funders who support your business ideas. Entrepreneurship majors will prepare you for starting your own business starting with the business plan to its execution.
International Management
Companies’ are not anymore demotic, they are international. MacDonald, Apple, KFC, Carrefour, Adidas, Pepsi and many others are international. The international Management graduate is prepared to use, economical/ analytical tools and models for the success of the business with respect to the global market perspective.
Leadership
Behind every successful company, there is a visionary leader. Companies are replacing the conventional mindset of bossy managers into the inspirational leaders. This major will expose you to basic leader’s roles, characteristics and practices.
Organizational Behavior
With the current diverse working environment, it is a serious challenge for management to control employees’ values, attitudes and behaviours accomplish company’s goals. OB major uses psychological concepts in a working environment. Graduates will be prepared to use techniques, tools and practices in influencing, empowering, and motivating employees.
Supply Chain Management
Reducing costs is very essential for companies’ profitability. Major in Supply Chain Management deals with the flow of work, suppliers, warehouses, distribution and logistics. Graduates will be able to use mathematical and analytical methods to reach best processes and practices that help in reducing costs and maintain high quality in the operation.
Operations Management
Operational behaviour is an MBA major that is mostly required in manufacturing as it prepares you to efficiently manage and develop the production process and activities to reach the maximum capacity of the manufacturer.
