Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … business schools take into consideration when determining what type of students are most likely to succeed at that school. The study found that "business admissions use different processes ranging from review of undergraduate grade point average (GPA); transcript analysis that reviews the type of courses taken, trends and progress over time; level of analytical and quantitative skill required in current and past professions; recommendations; and the Graduate Management Admission Test (GMAT)" (Fish, Wilson, 2009, p. 146). The study also found that other factors, including age, were tested as well and that each factor "yields varying results" (p. 146). From a financial viewpoint, the older the student is when beginning the graduate program, the less time is available to recoup the dollars spent on the education. For example; if Ben were in his early 40's instead of late 20's the money spent on the graduate program would have to be recouped within a 20 -- 25-year time frame, instead of a 30 -- 40-year time frame that he currently is facing.
2. Other factors that could...
Ben would also likely receive promotions over other individuals without a MBA. An MBA might also provide Ben with additional information and educational expertise allowing him to accomplish goals and objectives that might not be possible without a MBA.
3. From a strictly financial point-of-view, Ben would be much better off spending the $130,000 for a two-year program. Since Ben will be earning an additional $15,000 per year, and he is only 28 years old, he has plenty of time to recoup the added expenditures of $55,000. He could recover financially within a 5-year time frame.
4. Ben is correct in his assertion that he needs to evaluate the future value of his choices. An evaluation can include financial as well as non-financial factors, and it is appropriate to include all the factors in the evaluation. Determining whether one can actually take the time and apply the discipline necessary…
References
Fish, L.A. & Wilson, F.S.; (2009) Predicting performance of MBA students: Comparing the part-time MBA program and the one-year program, College Student Journal, Vol. 43, Issue 1, pp. 145 -- 160
Snyder, G.; (2010) How to survive the new normal, DVM: The Newsmagazine of Veterinary Medicine, Vol. 41, Issue 11, pp. 56-58
In a number of extra-curricular, entrepreneurial and personal experiences, I have channeled these abilities into great planning success and to the amicable assumption of some responsibility by all those involved. As I consider these successes though, I am forced to consider some areas of weakness which have become more evident to me. In doing so, I would also note that many of these are areas in which I anticipate
Business Communication Communication is a necessity in a firm for ensuring effective interaction between employees and the management (Hartley & Bruckmann, 2001, pg 345). Communication also determines the code of ethics in a business and should be observed strictly (Mehrabian, 2007, pg 234). A firm's business revolves around people in the external environment, the employee team as well as its clients. Every individual in the firm must be accorded respect and
One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to "provide business practitioners, ethics teachers, and readers interested in corporate conduct with insights useful in understanding why managers may act the way they do." It could be argued, according to Hamilton and Berken (2005), that Exxon managers had made a sound
Cash in advance is a method that often seems preferable to the selling entity in a typical exporting transaction, as they receive the agreed-upon amount of cash (or a credit card payment, which is equivalent to cash in this scenario) for their goods prior to shipping them, guaranteeing the cash flow needed for the next cycle (UNZCO 2010). This can create cash flow problems for the buy entity, however,
Business Why does crafting strategy have a strongly entrepreneurial character? Courtney (2) notes that in a rapidly changing environment, this year's indicators are not a good measure of what will happen in the future. Instead, there is a need to develop foresight. This involved looking to the future and spotting potential opportunities and potential threats before they are actually present. This is entrepreneurial in the sense that it involves looking to the
An interesting theory on interpersonal communication was developed by Leon Festinger, and refers to cognitive dissonance. Regarding this theory, cognitive dissonance is represented by an aversive drive that determines individuals to avoid opposing points-of-view, to seek reassurance when making a difficult decision, and to modify their individual beliefs in order to match public behavior in certain conditions (Festinger, 1957). In other words, the theory refers to the differences between behavior