The Master of Business Administration (MBA) programme at Chitkara University offers a wide range of business-related skills and information, but strategy and leadership tools are two of the most important takeaways. Business strategy and leadership are inextricably linked; their respective concepts and approaches are so enmeshed that the success of one is nearly totally dependent on the success of the other. One of the primary tasks of an effective leader is to implement and successfully execute strategy. Positive transformation is also driven by effective leaders. In fact, according to a Forbes poll, one-quarter of one million respondents saw leading change as one of the four most critical talents of any leader.
In terms of driving change, an effective leader should strive to ensure that the best strategic decisions are made at all levels of the organisation. Furthermore, the leader must guarantee that these decisions always match the broader goal and objective of the firm in terms of value generation.
Fortunately, an MBA from a top B-school allows individuals to develop both the strategic and leadership abilities required to guide firms through innovation. An MBA assists management professionals in gaining a thorough awareness of their corporate environment, as well as in charting a route toward optimal strategic leadership.
MBA programmes in top colleges address every aspect of business, from an organization’s financial health to its marketing strength. They assist participants in gaining vital hard and soft skills that can be applied to a variety of crucial business domains. These talents, which comprise strategy (a hard skill) and leadership (a soft skill), are vital for company executives and individuals looking to advance in their jobs or change careers.
Soft skills are becoming increasingly important to success in a changing economic world, according to recruiters and employers. According to studies, 76 percent of employers value the ability to work with a diverse range of individuals, which is a vital component of leadership, as one of the top five most important abilities. It also shows that 72 percent of respondents respect the capacity to prioritise, which is critical for building effective plans. Both are regarded as soft talents. This demonstrates that important leadership and strategy abilities, which can be gained and polished through an MBA, are increasingly being valued more highly.
Any MBA programme should focus on developing leadership qualities. Leadership is seen as a soft skill that many people possess but fail to apply proactively and effectively.
MBA alumni rank leadership and interpersonal abilities as among the most important for employment after business school. Leadership abilities allow managers to better exploit human potential in the workplace as well as comprehend team personalities and corporate culture in order to encourage and engage personnel.
A competent company leader also pushes their organization’s competitive position and examines market changes on a regular basis. As a result, at some point in the leadership journey, leading becomes strategic as well.
Strategy and leadership are closely related in that both talents may have a substantial influence on a company’s success or failure. A plan, on the other hand, can only be adequately executed through good leadership, because leaders are accountable for conveying the firm strategy to all stakeholders.
Leadership and strategy are essential skills that you will require as a business leader throughout your career. As it effectively hones your hard and soft skills, mastering this knowledge could make you an asset to any organization, large or small. This ability is critical whether you’re climbing the corporate ladder, making a career change, or are already at the top of your game.
The primary purpose of obtaining an MBA is to prepare for future leadership jobs. As an MBA student, you can explore a variety of work alternatives while in business school. You can apply for a range of internships and broaden your network in accordance with your professional goals. However, an MBA is also about figuring out who you are. The ability to reflect on your personality, including your talents, flaws, and aspirations, is typically what may genuinely help you enhance your leadership capability. Chitkara University develops strong leadership characteristics in you by giving you theoretical knowledge and corporate exposure.
This is the most important characteristic to have if you work in a position that requires you to manage different resources. An MBA may help you become a better manager by providing you with the knowledge and skills that others look for in a great leader. Leadership abilities extend beyond merely telling people what to do. Every MBA student must be able to listen to, coach, and encourage others. Top Masters of Business Administration programmes in the country, such as those at Chitkara University, emphasise not only theoretical knowledge but also soft skills.