An MBA Graduate Defined Essay -- essays research papers

An MBA Graduate DefinedAn MBA is a degree awarded to individuals who complete required coursework in the field of Management Science. The MBA gloss stands for Master of Business Administration and implies that the person holding the degree is competent to hold a position in higher-ranking management inwardly a staunch. An MBA manager is similar to the captain of a ship. He is amenable for making decisions and plans round the firm and for controlling the firms employees. The purpose of an MBA manager is to maximise the firms observe through the lend oneself of the firms tangible and intangible assets. He maximises this value by obtaining the highest Profits possible. In the following discussion, I will examine how senior management in general and MBA graduates in particular pile consumption the field of managerial explanation to make decisions/plan and control employees in order to maximise Profits. For clarity throughout this essay, senior managers and MBA graduates sh ould be considered as one in the same.Managerial news report DefinedManagerial business relationship is the process of using education systems to provide data to senior managers who because use this data for decision-making/planning and monitoring employee performance in order to maximise profits. The data that senior managers use is supplied by the Financial chronicle function. This information is used to improve the performance of the Marketing function, which generally provides the taxation of the firm and the trading operations function, which generally incurs virtually operating exists. Marketing and Operations are thus the functional areas which an MBA graduate is generally concerned.Managerial explanation is vital to a businesss success because it quantifies a firms performance. By quantifying certain performance variables, senior management can carry out its two most important functions 1) Decision-Making/Planning and 2) dictatorial Employee Behaviour.The Theory o f the Firm tells us that a business exists to maximise the value of equity investors have supplied. Profits result from decisions about what items to produce and remove (Marketing) and planning what inputs are necessary for this production and distribution activity (Operations). pry maximisation results from maximising taxation and minimising Total Costs. In business, resources are endlessly limited or finite. Therefore, they must be employed in the most economical and produc... ... Statement. Suppose senior management has noticed a go down in profits for the lemon-lime soda the firm produces. By examining the Financial Accounting data they have found an unexpected increase in the cost of lime flavoring that is used because a supplier of the product has gone(p) out of business. Here, an MBA manager must make a decision about alternative sources available for the flavoring input and as always timbre to buy it at a lower price. Once again, Financial Accounting data (cost infor mation from the Income Statement) has been used by senior managers to solve a planning/decision-making problem within the Operations function. SummaryIn conclusion, Managerial Accounting is process MBA graduate managers can use to gain brainwave into planning/decision-making and employee control. The process involves examining Financial Accounting data and then applying that information to maximize Profits through the Marketing and Operations functions. Specifically, maximizing Revenue in Marketing and minimizing Costs Operationally. Managerial Accounting is scientific in its approach rather than intuitive and should be used by MBA graduates enkindle in maximizing the value of their firm.