The Complete Idiot's Guide to MBA Basics, 3rd Edition

Introduction

M-B-A. These three letters spell success in business, and for good reason. In reality, just having a Master of Business Administration degree doesn’t make anyone a master of business administration. That takes years of on-the-job experience. But the course of study that leads to an MBA prepares you extremely well for a business career by giving you several things that (until now) have been hard to get elsewhere.

 

First, an MBA teaches you the key principles of how to manage a business. A business can be managed either by the “seat of the pants” or professionally, and business school teaches you the professional way. Professional management calls for setting goals that motivate people, allocating resources to activities that move ...