A host of challenges confront leaders in the modern business world. In just the past few years, the global pandemic, Great Resignation, inflation, artificial intelligence, and a distributed workforce have roiled the waters for businesses large and small.
Moving forward, many of these trends will continue. Students in a master of business administration online program learn skills to help them lead in a more dynamic, diverse, and ever-evolving corporate world.
Executive coaching company John Mattone Global Inc. noted, “Business leadership will not return to its pre-pandemic state in 2022. It’s a safer bet to assume that it will probably never return to the pre-2020 leadership paradigms.”
Some of the Biggest Challenges Facing Business
Our tumultuous times reveal systemic challenges, rapid change, and disruption. In an online master of business administration program, students prepare for leadership positions armed with an understanding of those challenges, able to navigate change and respond to the unexpected.
No industry is untouched by technology. Nonetheless, most experts agree businesses are just now starting to tap into the potential of AI, machine learning, and data analytics. Most companies collect data, but some still struggle to glean insight from data to drive business strategy. AI-driven machine learning helps tame the rising tide of data, analyzing enormous datasets faster than ever before and giving companies a competitive edge.
AI is also used in cybersecurity, customer relationship management, and personal assistance. AI and other Industry 4.0 technologies are changing fast. Staying ahead of the curse is the task for successful business leaders.
The Great Resignation reflects the current “employee’s market.” Talented workers can choose where they work. Business leaders must identify, train, and retain employees who show leadership talent. In addition, budgeting for employee up-skilling ensures leadership succession and helps attract and retain talented workers.
In a competitive environment, businesses with the best-trained leaders maximize their chances of success. Today, the emphasis is on people-oriented leadership that goes beyond a singular focus on the bottom line. This includes creating a diverse workforce, fostering innovative company culture, and providing employees the tools to do their jobs and advance their careers. Success requires leaders with strong communication skills, strategic thinking, and effective decision-making.
Diversity and Inclusion
Organizations that fail to prioritize diversity, equity, and inclusion risk losing talented employees. Creating a diverse workforce is the right thing to do from a societal standpoint. It also makes smart business sense. John Mattone Global writes that businesses must go beyond “blindly pushing an agenda” and work toward “defusing the effects of racial and cultural friction.”
Touro University Worldwide’s Online MBA Program
Touro University Worldwide prepares professionals to meet these challenges with its online MBA program. The flexible program allows students to work full-time while earning their master’s degrees. The program offers eight-week sessions with six start dates throughout the year. Students do not need to take the GMAT or GRE to apply. Most students complete the online MBA in one year.
TUW also offers a generous transfer policy that allows professionals to receive credit for courses completed at accredited colleges and universities. The online MBA program at TUW is accredited by WASC Senior College and University Commission.
The TUW online MBA program allows students to choose from 10 different concentrations.
- Artificial Intelligence Management
- Cyber Security Management
- Global Management
- Health Administration Management
- Human Resource Management
- Nonprofit Management
- Physicians and Healthcare Executives
The Artificial Intelligence Management and Cyber Security Management concentrations focus on many advanced technology issues facing modern business leaders.
In the AI concentration, students learn about the impact of AI on business strategy, management, and the challenges of putting AI to use. In the Cyber Security Management concentration, students learn the skills needed for leadership positions in cybersecurity, data management and compliance, and IT infrastructure and services management.
Earning an online MBA from TUW gives future business leaders the concepts and tools to succeed in the modern business world. They graduate prepared to handle the many challenges of a competitive, global marketplace.