Economic Trends in an Executive MBA school - Essay Example

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Economic Trends in an Executive MBA school

The recession would create an impact on employment and many capable firms would have a well of skills to hire from. Some firms might decide to be choosy and a graduate degree might just prove to be relevant so as to keep up with the competition for jobs. This has seen many people go for MBA which stands a better chance than having BBA only. (Kotler, Philip & Kevin, 2012)  One of the other areas affected by the recession are the accounts receivable. The customers of the companies might not fail to make payment the money owed to the company at the right time, or they may never be able to pay. This turns into a violation of the credit agreement. Moreover, delinquent or late payment reduces the valuation of corporation’s debt, bonds and its ability for financial access. This means that firms would be rendered incapable to sustain its operational costs and might just close down. Many people would lose their jobs. In the preparation of such circumstances, higher level of expertise would deem inevitable to keep the firm running. Proper financial management measures could be employed to sustain the firm in the industry. All these expertise can be acquired by advanced training and education. The need for increased household income has grown higher with people resorting to venturing into two or even three jobs. This requires an extended level of expertise in the different fields. The loan programs give an opportunity for people to go back for an MBA and upgrade their certificates so that they can be able to fit. ...Show more

Summary

In the paper “Economic Trends in an Executive MBA school” the author describes the overall direction taken by the economy of a given country. Most of the economic trends are usually caused by the rapid change in telecommunication technologies, changes in the purchasing habits of the consumer.

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