INNOVATION EXPERT EXPLAINS WHY CHOOSING THE RIGHT MBA IS KEY

INNOVATION EXPERT EXPLAINS WHY CHOOSING THE RIGHT MBA IS KEY

Building on success requires the right toolbox.

In the competitive and ever-changing work environment, business leaders believe knowledge and connections are crucial keys.

A Master of Business Administration (MBA) degree is one avenue professionals are more frequently turning to, as they seek to develop networks and improve their technical know-how.

However, innovation expert and MBA Director at the University of Queensland Tim Kastelle says these days not all programs are created equal.

"I think that 40 years ago you could be fairly confident that almost any MBA would give you the particular toolbox you needed," says Kastelle.

"Now under today's circumstances, I think you have to search harder to find a program that's going to help you build the capabilities you need."

Kastelle is a veteran innovator with more than 15 years' experience in managing companies, and he says any good MBA should cover the essentials but also embrace new ideas.

"The set of skills you need in the workplace is changing," says Kastelle.

"So, you need an ability to learn continuously, think creatively, communicate effectively and persuade and work collaboratively."

"If you can find a well-designed MBA that addresses those issues, it's very important for being prepared in the modern work force."

Kastelle identifies the three types of people who typically undertake an MBA: those who wish to progress their careers, those who wish to start their own ventures and those who want to make a career transition to a different industry.

The MBA program Kastelle now directs at UQ Business School has been specifically designed to address these three categories with an innovative twist.

"If you think about the question 'how do we adapt to a changing environment?' it's a straight-up innovation challenge," says Kastelle.

"UQ was the first MBA program in Australia to have an innovation course, it's built throughout the whole program.

"We have both academic strength in that area but we also have very real practical strength and an ability to work with firms that have problems within the innovation space."

Recognising that modern professionals are also time poor, often working full-time jobs, UQ's MBA program is flexible and can be tailored on a case-by-case basis.

For more information about UQ's MBA program, click here to visit the website or get in touch on 07 3346 8100.

This article was written in partnership with The University of Queensland Business School.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

Lendlease gains approval for $1.7b transformation of Queen Victoria Market precinct

Lendlease gains approval for $1.7b transformation of Queen Victoria Market precinct

Australian development giant Lendlease Group (ASX: LLC) has been gr...