Getting an education in management from one of the top-ranked business schools in the country provided me not only with a plethora of skills to utilize once out in the working world, but knowledge that was applicable to my personal life as well. This dual education has proved valuable in a number of ways and in a variety of areas throughout my life. However, if we’re just focusing on the job side of things here, whether I’m working in a role as a self-employed individual or as a manager at a Fortune 500 company, here are a few of the more major aspects of a management education that I myself putting to use on a regular basis.
There are all sorts of ways that I found a management education coming in handy when dealing with employees in the workplace. From knowing how best to recruit prospects for my department and organization, to how to develop team members, guide them through disciplinary or personal issues, and provide them with the guidance to do their jobs to the best of their ability, there any number of ways that my management education helped me help my employees. Such an education also assisted me in my public speaking skills as well as enabled me to more effectively communicate and explain things to co-workers and team members.
Scheduling and prioritizing
A management degree also helped me with things like forecasting, scheduling and prioritizing. I used this education to complete near-term labor projections and schedules. I put my management degree to work looking forward to determine how labor costs would affect my ability to meet productivity goals, deal with overtime constraints, and handle similar issues and then be able to take that information and prioritize work based upon that knowledge. This allowed me — and continues to allow me as a self-employed individual now — to look forward, planning over a period of weeks or even months to create long-term schedules, do project analysis, and form and utilize budgets.
Budgeting and inventory management
Knowing how to budget, gauge inventory, and otherwise organize the assets of a business, organization, or even my own assets can be a huge benefit when out in the working world. Having obtained a general education relating to such topics in my management degree work helped me become more successful not only in the working world but when it came to things in my personal life like creating my own lifestyle budget, tracking my financial assets and progress, and even just staying organized around our home.
In my management degree work, I also found myself taking on operations management. Such subject matter has made it easier for me to handle prioritizing many of the facets of project management. Through this coursework I learned how to combine and effectively put to use many of the other aspects of management that I studied, rolling them into a project or projects so that I could use my skills to see certain work through from beginning to end.
From the planning stage to acquiring the materials, evaluating the costs, hiring the people, gauging progress and expenses, making cuts or adjustments along the way, and seeing the project through to fruition, a management degree background has certainly proved helpful in a variety of project work I handled both within larger organization and within my own personal and business life.
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The author is not a licensed educational professional or career or academic advisor. This article is for informational purposes only and does not constitute advice of any kind. Any action taken by the reader due to the information provided in this article is solely at the reader’s discretion.