Importance of Strategy and Leadership in the MBA application

“Leadership is about vision and responsibility and not power”-Seth Berkley, CEO of Gavi Alliance. When we talk about leadership and leaders around the world, irrespective of what they are, what their age is, and from where they come, they have managed to leave a long-lasting impact on everyone with the selfless service they provide and the path they follow. MBA application and leadership go hand in hand. Leadership qualities serve as a strong fertilizer for your MBA application to grow. Talking about strategy, as Author Sun Tzu has already mentioned, “Tactics without strategy is the noise before the defeat” this gives us all a clear idea of the importance of strategy in humankind. Business strategy and leadership are interlinked. The concepts of both are so comprehensively intertwined that their success depends on one another almost entirely. Implementing and executing a strategy requires decent leadership skills and great leaders always strategize plans.

Recruiters and Employers are shifting their focus on soft skills, especially for the MBA application. The research conducted by Financial Times showed what exactly recruiters want in MBA applications. 76% of employers chose the ability to work with a wide variety of people, and 72% chose the skill of being able to prioritize. This shows that there is now increased importance on essential leadership and strategy skills learned from the MBA foundation.

MBA is considered a rewarding course as it trains the future leaders of the business world. The aspiring CEO, Entrepreneurs, and managers sharpen their soft skills during MBA. Leadership enables management skills and abilities to be effectively communicated and prepares you to understand the needs of employees and the overall company culture. It’s built upon a clear mission and vision for the future and follows a specific strategy.

The following points can help you to implement strategy and leadership skills in your organization:

1. Executing a strategy Plan – Plan and strategize. Strategizing everything from day one and planning it out lessen the burden you can feel.
2. Designing a go-to-market strategy– While working and understanding the internal work environment, understanding the current market strategy and external forces can help your organization and business.
3. Anticipating how the strategy will impact all divisions in a business – That’s what the course prepares you, to have a clear vision of the future, how exactly your strategy will be beneficial for your organization or business.

There is no defined age to be a great leader and to run a successful business with your strategic planning. MBA will help you to sharpen your soft skills and will make you a future leader.

Writer – Dhaval Mehta, CEO and Founder, TNI Career Counselling

Co-Author – Gunjan Goswami, Content Specialist, TNI Career Counselling