Students going for an Executive MBA have to draw and develop on many different competencies and skills when learning to navigate the international business world. Communication, leadership, and management skills are essential to building teams, and keeping them motivated as well as guiding them through the complex challenges. The network is valuable in discovering new opportunities, whereas project management skills also are required to follow them. The financial literacy, knowledge of the global affairs as well as strategic thinking all plays an important role. The most important abilities for MBA students today, however, will be creativity.
Whereas creativity is associated with the degree in fine arts, it is essential for anybody studying for the Executive MBA or wants to succeed in the business, particularly in fast-paced, ever-evolving and competitive international markets. Here is why.
Creativity is key in generating new ideas and products
Innovation is the word with a lot of definitions in executive MBA; however, they revolve over an idea of building something new. It might mean the new product, new service or new spin about something that exists. So, whatever is the case, it’s the foundational concepts in the business and is the process that is highly dependent on creativity.
So, by inventing new services or products, companies carve out the unique location in the market as well as position themselves for business success. Suppose you’re selling something similar like everyone else, there is not any way to differentiate you from other competitors. So, creativity is what is required to set the company apart.
Every Aspect of Business Will Benefit from the Creative Approach
The product development is the obvious way where creativity is very important to the companies and the executive MBA students; however, it is certainly not an only way. All these aspects of the company’s operations –marketing, research, and the process of the product development– are highly dependent on the creativity to break from the past molds that can be stale, outmoded or uncompetitive.