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A business school is a university-level institution that confers degrees in business administration or management. According to Kaplan business schools are "educational institutions that specialize in teaching courses and programs related to business and/or management". Such a school can also be known as school of management, school of business administration, or colloquially b-school or biz school. A business school teaches topics such as accounting, administration, strategy, economics, entrepreneurship, finance, human resource management, management science, management information systems, international business, logistics, marketing, organizational psychology, organizational behavior, public relations, research methods and real estate among others. There are several forms of business schools, including a school of business, business administration, and management.
Kaplan classifies business schools along four Corners:
Some business schools structure their teaching around the use of case studies (i.e. the case method). Case studies have been used in Graduate and Undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more. Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching:
In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research, management information systems, statistics, organizational behavior, modeling and simulation, and decision science. The leading institution in this method is the Tepper School of Business at Carnegie Mellon University. The goal is to provide students a set of tools that will prepare them to tackle and solve problems. In addition to teaching students, many business schools run Executive Education programs. These may be either open programs or company-specific programs. Executives may also acquire an MBA title in an Executive MBA program within university of business or from top ranked business schools. Many business schools seek close co-operation with business. Massachusetts (/ˌmæsəˈtʃuːsɪts/ (
Plymouth was the site of the second colony in New England after Popham Colony in 1607 in what is now Maine [46]. Plymouth was founded in 1620 by the Pilgrims, passengers of the Mayflower. In 1692, the town of Salem and surrounding areas experienced one of America's most infamous cases of mass hysteria, the Salem witch trials.[47] In 1777, General Henry Knox founded the Springfield Armory, which during the Industrial Revolution catalyzed numerous important technological advances, including interchangeable parts.[48] In 1786, Shays' Rebellion, a populist revolt led by disaffected American Revolutionary War veterans, influenced the United States Constitutional Convention.[49] In the 18th century, the Protestant First Great Awakening, which swept the Atlantic World, originated from the pulpit of Northampton preacher Jonathan Edwards.[50] In the late 18th century, Boston became known as the "Cradle of Liberty"[51] for the agitation there that led to the American Revolution. The entire Commonwealth of Massachusetts has played a powerful commercial and cultural role in the history of the United States. Before the American Civil War, Massachusetts was a center for the abolitionist, temperance,[52] and transcendentalist[53] movements.[54] In the late 19th century, the sports of basketball and volleyball were invented in the western Massachusetts cities of Springfield and Holyoke, respectively.[55][56] In 2004, Massachusetts became the first U.S. state to legally recognize same-sex marriage as a result of the decision in Goodridge v. Department of Public Health by the Massachusetts Supreme Judicial Court.[57] Many prominent American political dynasties have hailed from the state, including the Adams and Kennedy families. Harvard University in Cambridge is the oldest institution of higher learning in the United States,[58] with the largest financial endowment of any university,[59] and Harvard Law School has educated a contemporaneous majority of Justices of the Supreme Court of the United States.[60] Kendall Square in Cambridge has been called "the most innovative square mile on the planet", in reference to the high concentration of entrepreneurial start-ups and quality of innovation which have emerged in the vicinity of the square since 2010.[61][62] Both Harvard University and the Massachusetts Institute of Technology, also in Cambridge, have been ranked among the most highly regarded academic institutions in the world.[63] Massachusetts' public-school students place among the top tier in the world in academic performance,[64] and the state has been ranked as one of the top states in the United States for citizens to live in, as well as one of the most expensive.[65] The United States Bureau of Economic Analysis estimates that the Massachusetts gross state product in 2017 was US$527 billion.[204] The per capita personal income in 2012 was $53,221, making it the third-highest state in the nation.[205] As of January 2019, Massachusetts general minimum wage in the state is $12 per hour while the minimum wage for tipped workers is $4.35 an hour.[206] In 2015, twelve Fortune 500 companies were located in Massachusetts: Liberty Mutual, Massachusetts Mutual Life Insurance Company, TJX Companies, EMC Corporation, Raytheon, Staples Inc., Global Partners, Thermo Fisher Scientific, State Street Corporation, Biogen, Eversource Energy, and Boston Scientific.[207] CNBC's list of "Top States for Business for 2014" has recognized Massachusetts as the 25th-best state in the nation for business,[208] and for the second year in a row the state was ranked by Bloomberg as the most innovative state in America.[209] According to a 2013 study by Phoenix Marketing International, Massachusetts had the sixth-largest number of millionaires per capita in the United States, with a ratio of 6.73 percent.[210] Billionaires living in the state include past and present leaders (and related family) of local companies such as Fidelity Investments, New Balance, Kraft Group, Boston Scientific, and the former Continental Cablevision.[211] Boston-Logan International Airport is the busiest airport in New England, serving 33.4 million total passengers in 2015, and witnessing rapid growth in international air traffic since 2010.[212] Sectors vital to the Massachusetts economy include higher education, biotechnology, information technology, finance, health care, tourism, manufacturing, and defense. The Route 128 corridor and Greater Boston continue to be a major center for venture capital investment,[213] and high technology remains an important sector. In recent years tourism has played an ever-important role in the state's economy, with Boston and Cape Cod being the leading destinations.[214] Other popular tourist destinations include Salem, Plymouth, and the Berkshires. Massachusetts is the sixth-most popular tourist destination for foreign travelers.[215] In 2010, the Great Places in Massachusetts Commission published '1,000 Great Places in Massachusetts' that identified 1,000 sites across the commonwealth to highlight the diverse historic, cultural, and natural attractions.[216] ![]() Cape Cod Bay, a leading tourist destination in Massachusetts. Tourism is important to the state's economy.
While manufacturing comprised less than 10% of Massachusetts's gross state product in 2016, the Commonwealth ranked 16th in the nation in total manufacturing output in the United States.[217] This includes a diverse array of manufactured goods such as medical devices, paper goods, specialty chemicals and plastics, telecommunications and electronics equipment, and machined components.[218][219] As of 2012, there were 7,755 farms in Massachusetts encompassing a total of 523,517 acres (2,120 km2), averaging 67.5 acres (0.273 km2) apiece.[220] Particular agricultural products of note include green house products making up more than one third of the state's agricultural output, cranberries, sweet corn and apples are also large sectors of production.[221] Massachusetts is the second-largest cranberry-producing state in the union after Wisconsin.[222] The more than 33,000 nonprofits in Massachusetts employ one-sixth of the state's workforce.[223] In 2007, Governor Deval Patrick signed into law a state holiday, Nonprofit Awareness Day. In February 2017, U.S. News & World Report ranked Massachusetts the best state in the United States based upon 60 metrics including healthcare, education, crime, infrastructure, opportunity, economy, and government. The Bay State ranked number one in education, number two in healthcare, and number five in the handling of the economy.[65] In 2018, Massachusetts's overall educational system was ranked the top among all fifty U.S. states by U.S. News & World Report.[188] Massachusetts was the first state in North America to require municipalities to appoint a teacher or establish a grammar school with the passage of the Massachusetts Education Law of 1647,[189] and 19th century reforms pushed by Horace Mann laid much of the groundwork for contemporary universal public education[190][191] which was established in 1852.[121] Massachusetts is home to the oldest school in continuous existence in North America (The Roxbury Latin School, founded in 1645), as well as the country's oldest public elementary school (The Mather School, founded in 1639),[192] its oldest high school (Boston Latin School, founded in 1635),[193] its oldest continuously operating boarding school (The Governor's Academy, founded in 1763),[194] its oldest college (Harvard University, founded in 1636),[195] and its oldest women's college (Mount Holyoke College, founded in 1837).[196] Massachusetts's per-student public expenditure for elementary and secondary schools was eighth in the nation in 2012, at $14,844.[197] In 2013, Massachusetts scored highest of all the states in math and third-highest in reading on the National Assessment of Educational Progress.[198] Massachusetts is home to 121 institutions of higher education.[199] Harvard University and the Massachusetts Institute of Technology, both located in Cambridge, consistently rank among the world's best private universities and universities in general.[200] In addition to Harvard and MIT, several other Massachusetts universities currently rank in the top 50 at the undergraduate level nationally in the widely cited rankings of U.S. News and World Report: Tufts University (#27), Boston College (#32), Brandeis University (#34), Boston University (#37) and Northeastern University (#40). Massachusetts is also home to three of the top five U.S. News and World Report's best Liberal Arts Colleges: Williams College (#1), Amherst College (#2), and Wellesley College (#4).[201] The public University of Massachusetts (nicknamed UMass) features five campuses in the state, with its flagship campus in Amherst that enrolls over 25,000 students.[202][203]
What Is Global Management?Global management refers to the way an organization manages its business internationally, including its sales, marketing, hiring and finance practices. Many schools offer training and degree programs in global management. Read on to learn more about responsibilities in this field of management and education programs that can prepare you to enter this career. Schools offering International Business degrees can also be found in these popular choices. Overview of Global ManagementAs technology continues to connect the world, many organizations have taken advantage of the opportunity to conduct business globally. Global management combines knowledge of business, culture, history and social practices to help companies find their niches in the international business community and successfully work with other cultures. As a global manager, you'll not only need to understand business principles, but you'll also need a firm grasp of the local customs, professional life and regional policies of the countries that your company wants to partner with. Many companies also look for managers who speak multiple languages and have experience representing more than one country, as well as those who are willing to move from one location to another. Important Facts About Global Managers
Source: PayScale.com Job Duties and SkillsWorking as a global manager, you'll be in the unique position of managing a company's business and staff in a land that may have vastly different cultural and professional customs. In many regions, managers are needed to help companies tailor their business to the local culture. For example, as a global manager, you might need to learn the hiring practices of another country or the specific way that people communicate in the workplace to avoid potentially offending or confusing your foreign colleagues. You'll then need to train other employees in appropriate practices, such as pitching products to foreign customers in a polite manner consistent with their culture. In order to carry out their jobs effectively, global managers need strong communication and interpersonal skills. They need to be highly sensitive to and respectful of cultural differences. Having an open mind and complex critical thinking skills is also essential. Thunderbird School of Global Management at Arizona State University (or simply Thunderbird) is a management school located in the United States and a part of Arizona State University. The school offers bachelor's degrees, master's degrees, executive education programs, and MicroMasters in global management. The main campus was formerly located in Glendale, Arizona, at Thunderbird Field No. 1, a former military airfield from which it derives its name. Thunderbird relocated to a new building (at 155 E Polk Street) at Arizona State University's Downtown Phoenix Campus.
Thunderbird was founded independently in 1946 by Lieutenant General Barton Kyle Yount, and was acquired by Arizona State University in 2015. As of 2018 the school had around 40,000 alumni. In the school's early years, Thunderbird awarded two degrees, a Bachelor of Foreign Trade and a Master of Foreign Trade, although after 1975 the school no longer offered the undergraduate degree. The American Institute for Foreign Trade later changed its name to the Thunderbird Graduate School of International Management before again changing its name to the American Graduate School of International Management in the 1970s. Thunderbird's degrees have included the Bachelor of Foreign Trade (until 1975), the Master of International Management (until 2001), an MBA in Global Management (through 2016)[citation needed], executive education programs, and MicroMasters programme. Thunderbird International Business Review is one of several journals published by the school (six times a year).
Industry DescriptionGlobal Management DegreesMassachusetts ListingThe Global Management program helps current and future global managers gain the specialized skills needed to lead multicultural and multinational work forces. The curriculum is structured with two primary goals in mind: to provide you with a broad-based understanding of the economics of international business operations, and to prepare you for managing human and material resources within various cultural, legal, and political contexts. |
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