Harvard Case - What's Next After an MBA?
"What's Next After an MBA?" Harvard business case study is written by Atul Arun Pathak, Manish Goyal. It deals with the challenges in the field of International Business. The case study is 12 page(s) long and it was first published on : Feb 23, 2017
At Fern Fort University, we recommend that [Name of the MBA graduate] pursue a career in [Recommended career path, e.g., International Business Development, Global Supply Chain Management, or Entrepreneurship] leveraging their MBA skills and experience. This recommendation is based on a comprehensive analysis of [Name of the MBA graduate]'s unique strengths, career aspirations, and the current global business landscape.
2. Background
This case study focuses on [Name of the MBA graduate], a recent MBA graduate from a top-tier business school. [Name of the MBA graduate] possesses a strong academic background, diverse work experience, and a keen interest in pursuing a career in the global business arena. The case study explores the challenges and opportunities faced by [Name of the MBA graduate] as they navigate the competitive job market and seek to leverage their MBA skills in a meaningful and impactful way.
3. Analysis of the Case Study
To analyze [Name of the MBA graduate]'s career options, we utilize a framework that combines the Porter's Five Forces model to assess the competitive landscape and the SWOT Analysis to identify [Name of the MBA graduate]'s strengths, weaknesses, opportunities, and threats.
Porter's Five Forces:
- Threat of New Entrants: The global business landscape is characterized by increasing competition, particularly from emerging markets and digital disruptors. This creates a challenging environment for new entrants, requiring them to possess strong value propositions and innovative business models.
- Bargaining Power of Buyers: The increasing availability of information and the rise of online platforms have empowered buyers, giving them greater leverage in negotiating prices and demanding higher quality products and services.
- Bargaining Power of Suppliers: The globalization of supply chains has increased the bargaining power of suppliers, particularly in industries with limited substitutes and high switching costs.
- Threat of Substitute Products or Services: The rapid pace of technological advancements and the emergence of new business models have led to increased competition from substitute products and services, forcing companies to constantly innovate and adapt.
- Rivalry Among Existing Competitors: The global business environment is highly competitive, with established players vying for market share and seeking to differentiate themselves through innovation, cost efficiency, and customer experience.
SWOT Analysis:
- Strengths: [Name of the MBA graduate] possesses a strong academic background, diverse work experience, and a keen interest in international business. They also demonstrate strong analytical, problem-solving, and communication skills, as well as a commitment to ethical business practices.
- Weaknesses: [Name of the MBA graduate] may lack specific industry experience or a deep understanding of certain global markets. They may also need to develop their leadership and networking skills further.
- Opportunities: The global economy is experiencing rapid growth, particularly in emerging markets, presenting opportunities for [Name of the MBA graduate] to leverage their skills and experience in international business. The increasing demand for skilled professionals in areas like supply chain management, digital marketing, and sustainability also presents significant opportunities.
- Threats: The global economy faces several challenges, including political instability, economic uncertainty, and environmental concerns. These factors can create risks for businesses operating in the international arena.
4. Recommendations
Based on the analysis above, we recommend that [Name of the MBA graduate] pursue a career path that leverages their strengths, addresses their weaknesses, and capitalizes on the opportunities available in the global business landscape.
Specific recommendations include:
- Focus on a niche area: [Name of the MBA graduate] should consider specializing in a specific industry or function within international business, such as [Recommended niche, e.g., sustainable manufacturing, digital marketing in emerging markets, or international supply chain management]. This specialization will allow them to develop deep expertise and differentiate themselves from other candidates.
- Gain industry experience: [Name of the MBA graduate] should seek opportunities to gain practical experience in international business, either through internships, entry-level positions, or volunteer work. This experience will enhance their skills and knowledge, making them more attractive to potential employers.
- Develop leadership and networking skills: [Name of the MBA graduate] should actively participate in professional organizations, attend industry conferences, and build relationships with individuals in their chosen field. This will help them develop leadership skills, expand their network, and gain valuable insights into the industry.
- Embrace continuous learning: The global business environment is constantly evolving, requiring individuals to continuously learn and adapt. [Name of the MBA graduate] should stay abreast of industry trends, technological advancements, and best practices through ongoing education, professional development programs, and industry publications.
5. Basis of Recommendations
These recommendations are based on the following considerations:
- Core competencies and consistency with mission: The recommendations align with [Name of the MBA graduate]'s core competencies and their stated career goals. They also support the mission of Fern Fort University, which is to prepare graduates for successful careers in the global business arena.
- External customers and internal clients: The recommendations take into account the needs of external customers and internal clients, such as employers, investors, and stakeholders. They aim to equip [Name of the MBA graduate] with the skills and knowledge necessary to meet the demands of the global marketplace.
- Competitors: The recommendations address the competitive landscape, emphasizing the importance of specialization, industry experience, and continuous learning. They also encourage [Name of the MBA graduate] to develop a strong personal brand and network to stand out from other candidates.
- Attractiveness ' quantitative measures if applicable (e.g., NPV, ROI, break-even, payback): While specific quantitative measures are not directly applicable in this case, the recommendations aim to maximize the long-term value and return on investment for [Name of the MBA graduate].
- Assumptions: The recommendations are based on the assumption that [Name of the MBA graduate] is committed to a career in international business and is willing to invest the time and effort necessary to achieve their goals.
6. Conclusion
[Name of the MBA graduate] possesses the potential to achieve success in a global business career. By focusing on a niche area, gaining industry experience, developing leadership and networking skills, and embracing continuous learning, they can position themselves for a fulfilling and impactful career in the international business arena.
7. Discussion
Other alternatives not selected include:
- Pursuing a traditional management role in a domestic company: This option would provide [Name of the MBA graduate] with valuable experience in a familiar setting but may limit their exposure to international business opportunities.
- Starting their own business: This option offers the potential for high rewards but also carries significant risks and requires a strong entrepreneurial spirit and a well-defined business plan.
Risks and key assumptions:
- Economic uncertainty: The global economy faces several challenges, including political instability, economic downturns, and trade wars. These factors could impact the job market and create uncertainty for [Name of the MBA graduate]'s career prospects.
- Competition: The global business environment is highly competitive, requiring [Name of the MBA graduate] to possess strong skills, experience, and a clear value proposition to stand out from other candidates.
- Cultural adaptability: International business requires individuals to be culturally adaptable and sensitive to differences in business practices, communication styles, and values. [Name of the MBA graduate] must be willing to learn and adapt to new cultures to succeed in a global setting.
8. Next Steps
- Develop a comprehensive career plan: [Name of the MBA graduate] should create a detailed plan outlining their short-term and long-term career goals, including specific steps to achieve them.
- Network with industry professionals: [Name of the MBA graduate] should attend industry events, connect with professionals on LinkedIn, and seek mentorship from experienced individuals in their chosen field.
- Gain relevant experience: [Name of the MBA graduate] should actively seek opportunities to gain practical experience in international business, either through internships, entry-level positions, or volunteer work.
- Develop a strong personal brand: [Name of the MBA graduate] should create a compelling online presence, highlighting their skills, experience, and career aspirations.
By taking these steps, [Name of the MBA graduate] can set themselves on a path to a successful and rewarding career in the global business arena.
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Case Description
In August 2016, Manish Goyal, a student in his second year of the two-year MBA program at XLRI Jamshedpur, India, had to make career-related choices about which industry, company, function, and role to pursue after his MBA. He had limited previous work experience to rely on, but rather than choosing the first job that came his way or trying to join one of the more popular firms among MBA students, Goyal sought a job that best aligned with his own career objectives. Accordingly, he sought advice from three classmates on career options in the investment banking, management consulting, and fast-moving consumer goods industries. He realized that while his friends' input was valuable, ultimately he had to make his own decisions.
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