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MBA Supplement

An MBA is a Master's degree in Business Administration, which attracts people from a wide range of academic disciplines.

Some of the more well known MBA schools include:

	INSEAD
	Sciences-Po
	Harvard Business School
	Wharton Business School and
	Columbia Business School .

The top business schools are usually accredited by international organisations, such as:

	Association of MBAs (AMBA)
	European Quality Improvement System (EQUIS)

More information about MBA programs is available from:

Generic

Association to Advance Collegiate Schools of Business (AACSB)

American schools:

Association of Collegiate Business Schools and Programs (ACBSP)

International Assembly for Collegiate Business Education (IACBE) - typically American schools

European schools

European Quality Improvement System (EQUIS) - typically

Foundation for International Business Administration Accreditation (FIBAA)

Non-American schools:

Association of MBAs (AMBA)

Council on Higher Education (CHE)

MBAs are quite unique compared with other academic and university programs. For example, most Masters programs provide a further specialisation within a particular discipline (such as law engineering or architecture). Whereas an MBA is typically an inter-disciplinary approach, drawing from the fields of management, economics, finance, psychology and sociology.

Whilst each MBA program is unique, they generally cover the same core subjects such as:

	probability and statistics
	financial and managerial accounting
	micro and macro economics
	decision models
	corporate finance
	marketing strategy and implementation
	corporate strategy
	organisational behaviour and structure
	leadership
	operations management
	negotiations
	ethics
	international business
	information technology management and
	government policy.

Within each of these subjects, importance is often given to the competent management of:

	internal requirements – policies, procedures and instructions
	externally promoted policies and claims
	government regulations
	purchase orders, service level agreements, technical specifications & contracts and
	referenced documents, standards & codes.

For example, when acting as a regulator, a client or an employer your staff need to:

develop their instructions for:

internal requirements – policies, procedures and instructions

externally promoted policies and claims

government regulations

purchase orders, service level agreements, technical specifications & contracts and

referenced documents, standards & codes.

give the instructions (articulate or draft)

check compliance (audit, inspect, test, assess)

resolve compliance disputes (negotiate, mediate, arbitrate & litigate)

fix non-compliances (correct & prevent)

When acting as a complier, employee, supplier, contractor, consultant, lawyer or translator your staff need to:

receive the instructions (hear and read)

understand the instructions (MIS 1200):

mandatory/elective requirements

timing dependencies, conditions, exceptions, alternatives

limiters

plan compliance

check compliance (audit, inspect, test, assess)

resolve compliance disputes (negotiate, mediate, arbitrate & litigate)

fix non-compliances (correct & prevent)

Organisations can use the Mustor Management system (MIS 10 000) to reduce the time and resources required for these tasks. This system will also reduce the costly and often embarrassing errors associated with these tasks.

Savvy employers can reduce their risks and increase their staff's productivity, by enrolling their staff in the Mustor Management Masterclass.