California Miramar University

Businesses are constantly looking for avenues to gain a competitive advantage in the market. This has created a demand for a new level of planning and leadership, one that transcends the traditional framework of organizational management. Known as Strategic Leadership, it has the potential to revolutionize the way businesses operate.

One of the greatest business minds of our time, Jack Welch, took control of General Electric, which was and still is one of the largest corporations in the world. Before Jack took control, the company was inefficient and the shareholders were frustrated with the lower than expected results. The strategic leadership program that Jack epitomized came down to 5 basic questions:

1. What is the state of the current market? This is very important in order to complete an accurate review and assessment of what is actually taking place and consequently make an informed decision.

2. What the competition doing right now? Staying on top of what the competition is doing is crucial; otherwise the business could miss out on a significant opportunity in the market and lose part of its consumer base.

3. What new innovations have we introduced recently? If there are neither fresh ideas nor new innovations, you will become stale and clients will lose interest. As Jack noted, “if you are stagnant you are dead.”

4. What’s coming up? Establishing a planned phase of deployment for new innovations is vital to establish and perpetuate momentum in the market.

5. Last and most importantly, what is the winning move? Taking all the information from the previous questions, a strategic leader will be able to make an informed decision on how to best proceed.

Strategic leadership takes a more focused approach to identifying issues in the company and addressing them completely. It can achieve this by leveraging the primary skill sets of those best qualified in the company to make those decisions. When applied correctly, the principles of strategic leadership will effectively show the shortcomings in an organization’s processes before the business passes the point of no return.

The ability to make quick informed decisions is becoming the foundation of all successful businesses in the 21st century. In the end, strategic leadership is more than just a management style; it’s leadership with a vision and a purpose.

CMU offers a hybrid Doctor of Business Administration program to students interested in pursuing careers in academia or the business world. Very few universities in San Diego offer Doctor of Business Administration programs and the Hybrid option at California Miramar University is unique in all of San Diego. Unlike its San Diego counterpart, this program is a hybrid, which means that there are both online and on-campus components for the degree.

The Doctorate of Business Administration degree is equivalent to a PhD in Business Administration. The program teaches the principles of business management, finance and marketing, providing students with a global perspective that stresses both practical and theoretical approaches for the most well rounded education. It is an excellent degree to pursue after becoming an MBA. Unlike an MBA, though, a doctorate program provides students with the opportunity to not only work in the corporate world, but to be able to teach at a university. These positions often pay more and open up many doors, as there aren’t a plethora of DBAs in the business world.

Many people are interested in pursuing doctorate programs, but they are unable to attend classes all day due to work and personal commitments. This type of online business degree program offers much more flexibility to accommodate working professionals who would like to pursue their education while furthering their careers and applying their knowledge to their current positions.

The program offers four concentrations: financial management, international business, marketing and strategic management. In total the program consists of 66 credits, which breaks down into 36 credits for core courses, 18 credits for the concentration and 12 credits for the dissertation.

Why enroll in the Doctor of Business Administration program at CMU?

• Gain a detailed understanding of applicable techniques for research and advanced academic and managerial enquiry.
• Acquire practical experience to resolve a variety of issues confronting the modern global organization.
• Develop an appreciation of cultural, ethical, and global issues and their impact on business theory and practices
• Prepare for exciting and productive leadership roles in business, government, civil society and university teaching.

The opportunities that a Doctor of Business Administration degree entails are endless, and our program is designed to help you succeed. Visit our website to learn more about how you can enroll!

http://www.calmu.edu/main-navigation/academics/graduate/doctor-business-administration.html

Many business people miss out on the opportunity to sell other business. Here’s a short video clip on “Selling Business-to-Business” from MKT 6120: Marketing Management. Find out how to avoid this pitfall. This course provides a strategic framework for organizational marketing decisions. From this managerial perspective, the student will explore the marketing process, concepts and customer-focused processes. The course also analyzes marketing tools to understand their importance to managers. These tools include the incorporation of market research, competitor analysis and consumer analysis.

It’s taught by Dr. Tim Becker. Dr. Becker holds a B.A. in German from Luther College, an M.B.A. from University of North Texas and a D.B.A. from United States International University. His research interests and teaching specialization include marketing and global management.

Stay tuned for next week’s MBA Mondays video lecture: “Corporate Social Responsibility” from MGT 6190: Strategic Marketing Capstone.

Transcript of the Video Lecture from MGT 6120: Marketing Management

Let’s take a look at businesses. Business-to-business. You know what, this is a great opportunity. Most people think about selling and producing products to consumers. Well that’s a good market and, you know, the consumers actually in the United States drive about 70% of the economic value of the economy. But ultimately, if you really want to look for opportunities in the future, let us try to figure out how you can get into and service what’s called the B-to-B, the B number 2 B, world. Business-to-business, there’s tremendous opportunities there. And what you want to take a look at is, whose businesses?

Businesses are companies that you are involved in yourself or it could be big companies, small companies. It could be the government that’s considered a business, or falls into this category. Same thing with institutions. Maybe you are dealing with schools, hospitals and so on. So what are they buying or selling? So what does a hospital sell to another business or what products or services do you maybe want to sell to a hospital? Obviously if you are 3M, you are selling tapes, and bandages and the like to hospital chains. That’s a business-to-business purchase. If you are into computers, or projectors for example, you may be selling that from a company over to another company.

Big difference, and a few of the things you want to take a look at here are businesses that are buying products from another business; they are looking for several things. They are looking for high quality and also good service. Price isn’t the number one thing; they are looking to see out of this product or service, are they getting the results that they’re looking for?

This is a short video clip from a lesson on Market Research, which is taught in our MKT 6120: Marketing Management online MBA program. This course offers a combination of marketing principles and marketing management within a study of the relationship between the marketing mix, the changing business environment and the overall corporate strategy.

It’s taught by Dr. Tim Becker. Dr. Becker holds a B.A. in German from Luther College, an M.B.A. from University of North Texas and a D.B.A. from United States International University. His research interests and teaching specialization include marketing and global management.

Stay tuned for more video lessons every week as part of our new MBA Mondays blog section!

Transcript of the Lesson

Hello. Welcome back! All right, today we are going to take a look at the Market Research. When I say market research, Oh my Gosh! That is research, we are not getting into it, and we really appreciate the value. Let’s go back for just a second and take a look at what’s the function of a business and what is marketing all about? It is to get, serve and keep customers that are profit repeatedly. That’s what we’re in the business to do.

Now, so remember we have the buyers and the sellers. The buyers have the money and they are giving that to the seller in exchange for a product, service or idea they are looking for. Wonderful! Alright.

So what products are out there? What customers to go after? What’s the nature of the product? What’s the timing? You need information. Well that we do about Market Research, that’s why we do it. We try to get information so then you can decide on what products, what services, and so on. So let’s take a look at, while the textbook goes through some processes – we’re going to discuss those – but what are we really looking for? Why are we doing research? I like to take a different look at it, prospective at it, and the only reason we do market research is to make decisions. Okay, so make a choice. So you as a marketer, you are trying to figure out ultimately which customers to sell to; what prices to price the product at; what distribution systems do you want to use? Do we truck it? Do we airplane it? Whatever.

So those are your decisions. Okay, so the best thing with Market Research is to anticipate decisions and figure out ahead of time, what decisions are you going to have to make in future? Whether or not it’s in a few weeks, a few months, whatever – but identify the decision, then come back and do as the book says, the various steps of research, indeed recognition and so on, where you analyze what you need or you decide what to get, go out and get it, analyze it and then report it and actually ultimately implement it. But the very first thing, the guiding force should be what decisions you have to make because that’ll then help you to decide what information to get. Because you may have to decide how much to price the product at and you may not need to know about the demographics of the customer, or the distribution system.

That’s up to you. So, ultimately the first step of research is to decide which decisions you have to make.

I just finished deciding the list of the most useful apps for MBA students and graduates. Even while researching I found some that I had never heard of before, so I went ahead and tried them out and WOW – they are powerful!Do you agree or disagree with the list? If you think an app doesn’t belong on the top 10 list, let us know. Go ahead and post your comments and offer up your favorites. We certainly wouldn’t want to be in an MBA course without these 10 apps on our phone…

Thumb Jot.This handy app for the iPhone allows MBA students to take notes directly on their mobile device, potentially eliminating the need for a backpack full of notebooks.

Ledger. Keeping track of MBA-related finances can be a headache, especially as more numbers are added to the mix. This iPhone app makes the detailed accounting of education easier by recording purchases, loans, bank activity and other financial activity.

TripIt. Frequent travelers can make potent use of this trip tracker, keeping an eye on which friends or colleagues are in their target cities. Available for the Android, BlackBerry and iPhone, this app is a great networking tool and can really enhance the social experience of conventions and other business adventures.

The Wall Street Journal Mobile Reader. MBA students who use certain models of the BlackBerry can take advantage of this real-time newswire app from one of America’s leading financial news publications.

do.Oh. This to-do list manager connects your iPhone to a web-based application that helps organize your responsibilities in a simple, comprehensible manner. If you want everything centralized on your smartphone, this app is definitely a must-have.

Documents to Go. Users of BlackBerry, iPhone, and Android devices can make use of this useful document processing tool. It supports the viewing and editing of several different file types, including Microsoft Office documents, PDF files and PowerPoint presentations. This is very useful for really making your business mobile.

Evernote. Students can put the rich features of their iPhone, Android or Blackberry to use with this practical multimedia info-capture application. It allows photos, web screenshots, typed text and spoken information to be recorded and organized, offering features such as searchable text in photographs.

Pocket MBA: Learning Studio by ComboApp (a reputable company active in the business of Mobile Learning Applications). It is an absolute masterpiece that gives everyone access to a professional-level MBA course. After completing it you will have the knowledge and understanding of everything that affects businesses, from market influences and financial conditions to real-world crisis scenarios and general business practices. Highly recommended as a supplement to your MBA coursework.

Dropbox. This is a fantastic free service that acts like a ‘Cloud’, enabling you to bring all your documents together and save them to all of your computers/laptops, phones and the Dropbox website. Not only does this app make sure you have access to everything at all times (regardless of whether your laptop crashes), but you can also easily share your items with friends, family and business colleagues. A very convenient and safe way to handle all of your business responsibilities to say the least!

Dragon Dictation. Now this is where exciting technology meets the application world. With this app, you can say whatever you want into your device and watch as it is instantly types before your very eyes. You can dictate a text message, e-mail, social media post, tweet and status update, or even send notes and reminders to yourself… and it’s 5 times faster than typing on a keyboard. This is perfect for people, businesses and ideas on the run!

A Master of Business Administration, or MBA, is becoming an increasingly hot commodity right now in the business world. According to a recent study by the Graduate Management Admission Council (GMAC), MBA graduates are currently seeing many benefits come their way. More than half of all graduates this year (54%) are getting jobs right after they get their diplomas, up 22% from last year. Additionally, MBA grads are enjoying higher salaries after they get their degrees, with a 73% remuneration increase in their post-degree job compared to what they were making before getting their diploma. It seems that for MBA holders, 2011 is the start of something big: a significant shift to more opportunities.

So how many businesses actually hire an MBA graduates? According to the same GMAC research, job offers are also up to an average of 2.0, up from 1.7 a year ago. 67% of employers who were surveyed also stated that they planned to hire new MBAs in the upcoming year, further highlighting the wealth of benefits that are pouring in to those who have their Master’s.

Now, with rapid changes in the global market, most financial, technological, managerial and consulting firms need many MBA graduates to handle the demands of the global marketplace. As companies continue to widen their scope and develop customer bases overseas, MBA students with unique specializations have catapulted to the top of their ‘Most Wanted List’. For example, being able to speak another language can land an MBA graduate a great job speaking with clients in another country. MBA programs prepare individuals to handle corporate culture, provide them with the tools and knowledge necessary to secure higher positions and salaries, and build their drive for success.

From this, the real discussions over MBA programs are internal ones. Many programs are costly, namely in terms of tuition, living costs and time spent getting the degree. Hybrid MBA and online MBA programs are great ways to get over these hurdles as they put the student in charge of their education and are just as reputed as traditional, on-campus programs. There are sacrifices that must be made, but in the end, high starting salaries, respected positions and a lifetime of personal satisfaction makes the investment worth it.

In the world of business it’s not always about what you know, it’s about who you know and who knows you. While hard work generally will allow you make good impressions, developing relationships with others is the best long-term strategy. If you don’t have a solid network of business contacts, it will be very difficult to get ahead. More often than not, knowing the right people will spring you farther than doing everything right.

You should take the time to do whatever is needed to make new connections and get yourself out there. Joining a trade organization is a great way to meet new people and establish yourself among those in your industry. Participating in business-focused groups not only helps you come in contact with others who share your common goals and a common vision for the future, but also enhances your resume because the group falls within your sphere of specialization.

Another great way to establish yourself is to take public speaking or public relations courses. A course like Toastmasters will teach you how to speak in public and gain confidence doing so, while also enabling you to meet other professionals at the same time. Dale Carnegie is also a great course, as you will to learn how to better interact at work and be interacting with colleagues while doing so.

Your current job holds tremendous opportunity for you to go out and meet other people. Everyday, you are surrounded by people who can help you get ahead in your career. Take the time to meet the people you work with and get to know who they really are — beyond simply learning their names. It will allow you to work better with your co-workers now and leave a big impression on them for the future. You never know when a colleague might become a manager somewhere else and might enlist your services to be apart of their team.

What about the Internet for networking? Not only can you use social media platforms like Twitter and Facebook build your identity, but you can also take classes online as well. This can work out for you because your online courses can originate from anywhere and allow you to interact with people from all over the country, perhaps the world. This is a great networking opportunity while you enhance your skills and improve your resume.

Your career will be your legacy, so take the time to make it the best it possibly can be. Make as many connections as possible and put yourself out there on a regular basis. The more people you know, the more doors that will be opened for you down the road.

It used to be that going on to postsecondary education after high school and earning a bachelor’s degree was all that would be needed to ensure employment in a profitable and successful career field. But the times and the business world are changing, and the world of education is reflecting that. If you are hoping to achieve a higher paying career, it is a good time to consider a level of higher education. Specifically in the business world, obtaining an MBA degree can lead to a thriving career.

An MBA (Master of Business Administration) is a postgraduate degree that focuses study on the theory and application of business and management. Most MBA programs take around two years to complete, but this investment of time does not go unnoticed by potential employers. Having an MBA degree demonstrates to companies that you are dedicated and willing to put in the extra time and effort that it takes to be successful in the business world.

There are many different career options available to those who hold an MBA degree. The most common career choices tend to be in business management and financial services. Accounting, economics, human resource management, information technology, marketing, investment banking, financial management, e-commerce and business consulting tend to be the concentration areas for those pursuing an MBA degree. However, the business training received in an MBA program has proven to be valuable for doctors, lawyers and engineers as well. Overall, there tend to be many employment opportunities for those who hold an MBA degree. Industry options for those with an MBA range from working in large corporations to smaller companies and even non-profits and entrepreneurship ventures.

MBA graduates typically command a higher salary than those entering the workforce without an advanced degree. Salaries of MBA graduates vary greatly, depending on the chosen specialization, but it is reported that the median salary averages around $85-$95,000. According to a national salary chart on Payscale.com (as of publishing this article), a financial analyst makes $30,000-$52,000; a project manager in information technology makes $72,000-$88,000; a financial controller makes $85,000-$110,000; and a marketing director can make upwards of $170,000.

No matter the field, all companies are grounded in one similarity: business. MBA degrees not only teach the management skills and techniques necessary to reach higher echelons of the professional world, but they instill indispensable business ethics that propel MBA graduates to achieve success and prosperity in their careers.