The MBA, Finance, and Your Career
by MaestriTo be successful, a company must meet its ?rst goal—the identi?cation, creation, and delivery of highly valued products and services. This requires that it possess all three of the key attributes. Therefore, it’s not surprising that most of your MBA courses are directly related to these attributes. For example, courses in economics, communication, strategy, organizational behavior, and human resources should prepare you for a leadership role and enable you to effectively manage your company’s work force. Other courses, such as marketing, operations management, and information technology are designed to develop your knowledge of speci?c disciplines, enabling you to develop the ef?cient business processes and strong external relationships your company needs. Portions of this corporate ?nance course will address raising the capital your company needs to implement its plans. In particular, the ?nance course will enable you to forecast your company’s funding requirements and then describe strategies for acquiring the necessary capital. In short, your MBA courses will give you the skills to help a company achieve its ?rst goal—producing goods and services that customers want.
Recall, though, that it’s not enough just to have highly valued products and satis- ?ed customers. Successful companies must also meet their second goal, which is to generate enough cash to compensate the investors who provided the necessary capital. To help your company accomplish this second goal, you must be able to evaluate any proposal, whether it relates to marketing, production, strategy, or any other area, and implement only the projects that add value for your investors. For this, you must have expertise in ?nance, no matter what your major is. Thus, corporate ?nance is a critical part of an MBA education and will help you throughout your career.
What are the goals of successful companies?
What are the three key attributes common to all successful companies?
How does expertise in corporate ?nance help a company become successful?
Taken From : Five-Minute MBA – Corporate Finance
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