Experts' Q&A » Answers
Why do we need MBA graduates? What do you think would happen if there weren’t any MBA graduates in the future?
Answer by Dr. Lydia J. Price
Without MBA graduates, the global economy would be a lot less vibrant, and there would be much more variance across companies on various performance measures. Each year, graduates of top-tier business schools bring to the international arena a fresh source of new ideas, new perspectives, and new solutions to current challenges and problems. In addition, and very importantly, they bring people with the skills and confidence to turn those ideas into reality.
Programs that emphasize management and strategy, case work, as well as practical applications throughout the curriculum, like those at CEIBS, are particularly strong in building managerial confidence and perspective. Through structured learning activities, a well-designed MBA Program can develop managerial capabilities that take years to gain in the workforce. If companies were left on their own to develop these capabilities, we would see some that excel but many others would lag behind.
MBA graduates also have strong teamwork skills, and in the case of graduates from CEIBS and other international programs, an ability to work effectively in cross-cultural teams. In today’s global marketplace and competitive arena this is essential.
AboutDr. Lydia J. Price is Professor of Marketing, Associate Dean and Academic Director of the MBA Program at CEIBS.
Answer by Jan Henk van der Werff
MBA graduates are equipped to manage and lead organizations. After having been employed in a specialized (functional) area for a number of years, most professionals require additional, de-specialising education and training to perform well in a managerial role. Without MBA graduates, our organizations would lack critical and inspiring professional managers and leaders to help our organizations adapt, innovate, and flourish.
AboutJan Henk van der Werff is Director Corporate Sales and Recruitment at Tias Nimbas Business School and former vice president, Europe at University of Phoenix. He has profound experience in international business education and is engaged in projects in USA, Brasil, Mexico and India.
Answer by Professor Torben Juul Andersen
An MBA degree is awarded to people with diverse professional backgrounds who want to gain new managerial insights and advance their leadership skills. Corporations support this and seek our graduates because they see real value in these capabilities. Leadership makes things happen by engaging people, orchestrating entrepreneurship, and inspiring business development. With the absence of CBS MBAs the global business community would fall short on some of these important competencies.
AboutTorben Juul Andersen is Associate Dean of the Full-time MBA program at Copenhagen Business School. He is also Professor at the Centre for Strategic Management and Globalization.
Answer by Univ.Prof. Bodo B. Schlegelmilch
An MBA enables experts in a specific function or industry to focus on general management and leadership issues and thereby develop appropriate corporate strategies, successfully manage change processes and gain solid financial management skills. The knowledge and skills they acquire during the various modules helps them to get into senior executive positions where it is key to understand the interdependencies and challenges of global markets in order to take strategic decisions impacting on the entire company.
AboutUniv.Prof. Bodo B. Schlegelmilch Ph.D., D.Litt., Dean WU Executive Academy and Institute for International Marketing Management
Answer by Prof. Christian Homburg
We need MBA graduates, because in the future the economic system will need even more managers with a sound general management education, who think in interdisciplinary, innovative and intercultural terms and who act in a responsible way. A very good MBA program should educate such personalities, and there will also be no business life in the future without them.
AboutChristian Homburg is President of Mannheim Business School and Professor of Marketing at the University of Mannheim in Germany. Christian Homburg ranks first in the Handelsblatt-Ranking of german-speaking professors for Business Administration.

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