This question arises in my mind, that an entrepreneur needs to be specialized in all streams of Management. So what will be the best specialization for him. Is it Marketing, Finance, HR or Operations. I personally believe that it also depends on business to business. If your business is Customer oriented then marketing will be good, if it is product based then may be operations is better. But it is always difficult to decide what is best.
I don't know the answer, but there are specialist MBAs with a focus on entrepreneurship:
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yes,definitely that an entrepreneur needs to be specialized in all streams of Management but i think As an entrepreneur, you may have specialized skills in marketing or product development. But there are areas where it makes good sense to draw on the experience of professionals.
For example, if your business is going to do well, the numbers have to add up. A good accountant can help you understand margins and profits and help you anticipate problems.
I would venture to say that the best education for an entrepreneur is experience, and evidence of success at running a small business. I know several people, including family members, who are successfully running their own businesses without MBAs. Unlike academia, the bank doesn't care what degree you have when deciding on business loans. They're more impressed by a profit margin, and a good plan. It's better to focus on developing a quality product or service using an MFA, Education degree, culinary degree, etc., because at the end of the day, if the product or service isn't quality, great marketing tactics and an MBA diploma hanging on the wall isn't going to help you.
I think if you go down an ent'er route, it would be more important to have a MBA from a prestigious business school. It just makes your credentials more convincing, doesn't it? If you have no clients/customers, you have no business. The company's brand name really helps your sales pitch. Once you leave a major firm and starts your own business in your niche, your credentials get scrutinised.
You can't use findmba.com to find a MBA - you know a few good business schools and you have to stick to the list. If you don't get in, then it's probably better off not doing a MBA at all.
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