– –By Sudhendar Hanumantha Rao
While researching about any B-School, MBA aspirants have all the time been interested in placements and profession alternatives. Once the scholars zero-in on the B-School of their alternative, college students are inclined to search for specialisations that may both broaden their probabilities of good placements, or these that may supply essentially the most profitable careers. Most of the B-Schools are providing MBA packages in HR, Finance, Marketing, Operations and related enterprise capabilities. There are additionally many B-Schools providing new age packages in Digital Marketing, Business Analytics, Data Analytics, Entrepreneurship, and so on. One such area of interest MBA program in administration with clear differentiation is MBA in Management of Technology.
Today, ‘Technology’ isn’t some unique phenomenon that solely ‘advanced’ organizations can bask in. Technology has change into the sinews of commerce and commerce. It has spawned merchandise which have change into important instruments for the functioning of organizations large and small. Indeed fashionable organizations can’t operate with out know-how. Imagine the Indian Railways operating over 13,000 passenger trains each day (plus items trains) if we had handbook switching or if the IRCTC web site broke down – the system would collapse! Companies of all sizes are recognizing this reality and have been investing closely in these instruments important for enterprise be they enterprise methods, POS methods, aggregation platforms, cost methods and so forth. Worldwide funding in know-how ranges from greater than 5% of income within the case of economic firms and upwards of 1% of income within the case of producing and retain – a considerable quantity by any yardstick.
In mild of the above funding, it’s only pure that firms want to get the most effective return on funding. Like any instrument, know-how yields the most effective returns solely whether it is used judiciously discovering the most effective match between the enterprise capabilities of the firm and the know-how instrument most acceptable for the scenario. This requires that managers not solely have an in-depth understanding of their enterprise but in addition a superb information of the know-how panorama in order that they deploy essentially the most acceptable know-how (and never simply the most recent and the best) and optimize their know-how spending. They don’t should be technologists or technical consultants – simply have a superb understanding of know-how, its instruments, the benefits and disadvantages of those instruments as utilized to their enterprise and so forth. The Management of Technology specialization is geared toward equipping MBAs with this ability set. The specialization consists of programs that whereas protecting the gamut of the most recent in know-how and instruments, approaches the topics from a enterprise and administration perspective and likewise provides simply enough depth in know-how to have the ability to discover the most effective match between the enterprise wants and the instruments obtainable to fulfill these wants in essentially the most optimum method. In widespread with most quickly evolving domains, contents of this specialization must be continually revised and up to date to maintain up with the cutting-edge else one can get redundant rapidly.
Further, not solely know-how has made attainable extra-ordinary pace and productiveness positive aspects, it has additionally enabled companies to launch totally new product and repair choices. Technology spend cannot solely assist in effectively scaling the enterprise but it surely additionally is usually a key instrument to extend profitability and develop new companies altogether – a job for which MBAs are ideally suited.
In the present period of the fourth industrial revolution and international work state of affairs, an MBA specialisation in Management of Technology may be extremely helpful for college kids. The Management of Technology specialization is geared toward coaching MBAs for this very particular function. Courses embody overviews of all key present and rising applied sciences reminiscent of Fundamentals of Information Systems, Business Analytics (together with advertising analytics, monetary analytics, HR analytics and introduction to R analytics platform), eCommerce, Fintech, IoT, Information Security, B2B advertising, and so on. Teaching pedagogy sometimes consists of enterprise circumstances of leveraging know-how to optimize operations, enhance productiveness and develop new choices.
As talked about earlier, this specialisation isn’t restricted to college students with technical background alone because the focus of the MBA program in Management of Technology stays on understanding know-how and on leveraging know-how within the enterprise setting. However, enough technical depth is included to assist college students be capable of adequately leverage the MBA program.
Students with this specialization sometimes make the most effective match for roles reminiscent of enterprise analyst, pre-sales, Technology and B2B advertising, Technology Architects, Techno-Managerial consulting and related roles. These profession tracks are a number of the most eagerly sought ability by employers in most enterprise colleges and college students with the MoT specialization are properly suited to fill in these roles. Over the years, these tracks can prime administration roles reminiscent of CIO, CTO, CSO and even COO/CEO relying on the important thing enterprise of the group. Happy studying!
The writer is a professor and dean at Faculty of Management and Commerce, Manipal University Jaipur.
Source: www.financialexpress.com”