CONSIDERING AN MBA? ANALYZE YOUR GOAL?
Why pursue an MBA? Many of you must be eager to get your hands on the skills that will enable you to overcome the difficult problems that you are going to face in the commercial sector.
Your distinctive personal histories and good ethical orientation help to define the action plan individuals intend to take during their MBA courses. When you will eventually enter the workforce, you are more likely to work for an organization that shares personal mission. As a result, you will experience a sense of devotion and responsibility that fuels the business in general.
Leaders who are committed to a bigger purpose in their organizations are more likely to achieve better long-term financial performance. A potent way to change the world for the better is by choosing a business professional with a strong sense of goal.
Let’s learn the benefit of pursuing a career driven by very personal motives from the known-executives around the world:
Their efforts are motivated by their own life experiences. Getting stakeholders to buy into their mission was a result of communicating in a personal and sincere way. The co-founder and CEO of NuBank, the biggest digital bank in the world, David Vélez, for instance, frequently recalls his harrowing experience opening a bank account as a young adult in Brazil. He experienced a sense of imprisonment as a result of the suspicious armed guards, and it took him 30 hours to open a straightforward account. His moral obligation to improve other people's banking experiences was prompted by that event.
To service a variety of stakeholders, they were prepared to tread carefully. As they work to manage the requirements of consumers, staff, partnerships, shareholders, and society, leaders who are deeply devoted to their cause are aware that there may occasionally need to be difficult compromises. As a result, individuals must cope with hardship, uncertainty, and conflicts regularly. They are aware that they will come under fire if, for example, quarterly earnings are poor or sales decline as a result of better menu options or shop offerings. But they remain committed to their principles because they are driven by a distinct sense of mission.
They are aware that their workforce may either help or hinder their company. The culture of a company is established by the first 10 to 15 people in the first 6 months of life, according to NuBank CEO David Vélez. Since they are in line with his goals and are prepared to face challenges, he has taken care to only work with those that possess the "daring trait."
These executives also stick by their employees when times are tough. I heard many stories from executives about sacrifices that companies made during the pandemic to help their employees. One such company was Arcos Dorados, the world’s largest independent McDonald’s franchisee with over 2,000 locations in Latin America and the Caribbean. Even as sales were plummeting as the company closed most of its dining rooms, it promised not to lay off its workers. The inventor and executive chairman of Arcos Dorados, Woods Staton, said that "we had a responsibility to these people working for us." "We owed it to ourselves morally. We must care for them since they placed their trust in us. Customers saw this dedication to employees and applauded the business for its initiatives.
Aspiration can act as a motivating North Star on the road to multifaceted success, as these leaders showed.
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