The Mba Decision Case Study

In: Business and Management

Submitted By labgemini
Words 1386
Pages 6
7/29/2014
The MBA Decision - 1. How does Ben’s age affect his decision to get an MBA? A.) Age is a very important factor when deciding to go back to school. It certainly was when I decided to go back for my MBA at Gannon. I was 34 years only when I started this program and will be 36 when I hopefully finish. Ben is 28 years old currently and he has about 38 years more years to work as the problem states. Even if we take in to account the cost of the education and the time he still bound to make more money from the degree. If he continues to wait he will forfeit those years where he can get a higher salary. Therefore the total lifetime salary amount is lowered.
Another fact that comes with age is the older one is the harder it is to learn and keep things in your head. I can personally attest to the fact that my memory and capacity to learn was much better in my teens and twenty’s than it is currently. The longer Ben waits then it can be harder for him to get back into the groove of school as well.
Age also affects one’s ability to get a job. Even the age discrimination is illegal, it cannot be easily proven. Most companies will prefer younger and more dynamic individuals for hire in hopes that they can groom them for long term positions within the company.

2. What other, perhaps non-quantifiable, factors affect Ben’s decision to get an MBA? A.) This is such an important question as with everything life nothing is strictly black and white. Just like my situation, I would say Ben needs to evaluate not only current financial situation but his family and work situation as well. The case study points out he has enough savings to cover the cost of his entire MBA program, but is that just the schools costs or does that include his living expenses as well? This is important since he would not be able to work while enrolled in the program.…...

Similar Documents

Iibm Mba Case Studies

...SUB-Strategic Management CASE 1 For ITC Ltd., 2007-2008 continued to be year of quiet growth. Just more launches in its relatively new segment of non-cigarettes fast moving consumer goods, and solid growth. As in the past few years, ITC’s non-cigarettes businesses continued to grow at a scorching pace, accounting for a bigger share of overall revenues. “The non-cigarette portfolio grew by 37.6% during 2006-2007 and accounted during that year for 52.3% of the company’s net turnover.” An ITC spokesman said. In fact, over the first three quarters of 2007-08, ITC’s non-cigarette FMCG businesses have grown by 48% on the same period last year, “Indicating that its plans for increasing market share and standing are succeeding.” The branded packaged foods business continued to expand rapidly, with the focus on snacks range Bingo.The biscuit category continued its growth momentum with the ‘Sun feast’ range of biscuits launching ‘Coconut’ and ‘Nice’ variants and the addition of ‘ Sunfeast BenneVita Flaxseed’ biscuits. Aashirwad atta and kitchen ingredients retained their top slots at the national level, with the spices category adding an organic range. In the confectionery category which grew by 38% in the third quarter, ITC cited AC Nielsen data it claims market leader status in throat lozenges. Instant mixes and pasta powdered the sales of its ready to eat foods under the kitchens of India and Aashirwad brands.In Lifestyle apparel, ITC launched Miss Players fashion wear for young......

Words: 462 - Pages: 2

The Mba Decision

...THE MBA DECISION 1. How does Ben’s age affect his decision to get an MBA? In our opinion, Age is one of the important factor that affects someone decision to continue study. In this case, Ben is now 28 years old. He graduated from college six years ago when he’s age is 22 years old. Assuming that Ben already working for about 5 years since graduated from college, so that he would have enough money from salary saving in5 years to do his MBA at 28 years age. If he starts the MBA program on 28 years old, he will spend two years for study and perhaps finish his MBA at 30 years old. At 30 years old, he will start working again for 40 more years after getting the MBA. With those reasons, age affects his decision for getting an MBA. 2. What other, perhaps no quantifiable factors affect Ben’s decision to get an MBA? In our opinion is there are several non quantifiable factors affect Ben’s decision to get an MBA. First, we think when assuming that Ben already working for about 5 years since graduated from college. He has job experiences as the MBA program usually put the requirement to the candidates at least having two years experiences in his respective field. Second, we think the current family situation. If he married with or without children, this will affect Ben’s decision because spouse or children supporting is also important. The third is his willingness to continue the study. If he eager to continue the study, he will continue the study. But if he has no willingness......

Words: 2492 - Pages: 10

Decision-Making Case Study

...Decision-making Case Study Tammy Paramore HCS/514 March 25, 2013 Norma Wright Decision-making Case Study Making decisions in the rapidly changing world of health care is stressful, possessing the correct information is crucial, determining the validity of information even more crucial. In addition, knowing where to obtain accurate information for making informed and reliable determinations will help make these decisions easier. A well informed decision made using the informed decision tool box increases the reliability for producing correct and profitable decisions. These actions will improve the efficiency of provided health care, increase stability, increase production, and decrease the amount spent on health care, in addition, improving the outcomes for both the organization and the patient. The Informed Decision Toolbox The informed decision toolbox (IDT), according to Rundell, et al, (2007), has six major steps to use when approaching difficult decisions. 1) framing the management question, 2) finding sources of information, 3) assessing the accuracy of the information, 4) assessing the applicability of the information, 5) assessing the actionability of the evidence, and 6) determining if the information is adequate (p. 325). The IDT system stems from a formal study to find ways to assist management in an efficient and more scientific approach to......

Words: 1530 - Pages: 7

The Mba Decision Case Study Analysis

...The MBA Decision Case Study Analysis 1 Philip Bard Potomac College – BUS503: Managerial Finance June 9, 2013 Rob Shah Abstract The purpose of this paper is to summarize the Case Study The MBA Decision. This case discusses the educational options for 28-year-old, Ben Bates. The purpose of this paper is to analyze Ben’s school options and make the decision that is going to be the most fiscally responsible in the long run. This decision will be achieved by answering the 6 questions at the end of the case study. The MBA Decision Case Study Analysis 1 This Case Study discussed the decision of which MBA program potential student, Ben Bates, should attend. Ben is satisfied with his current job, but wants to achieve his goal of becoming an investment banker. He feels that an MBA degree would allow him to achieve this goal, and has narrowed his school choices down to two options. Many factors are being considered by Ben, such as his current salary, tax rates, program prices, supply costs, health care costs, and future salaries as well as signing bonuses. In this case, Ben is 28 years of age and graduated from college when he was 22. He also currently has enough money in his bank account to pay for either of the MBA programs that he is exploring. “… and expects to work for 40 more years. His current job includes a fully paid health insurance plan…” (Ross, Westerfield, and Jaffe, 2013 p. 134). One can expect Ben’s MBA program to take 1-2 years, which would cause his to be...

Words: 1868 - Pages: 8

Mba 555 - Case Study

... The Chan Family 11 Problems 12 Decision –Additional Options 14 Behavior Assessment 15 Cynthia Chan 16 Stuart Chan 16 Rob Chan 17 Decision Assessment 17 Lessons Learned 19 Case Study: Café Latte, LLC Summary Café Latte, a new espresso bar, is about to open in Pocatello, Idaho. The business was formed as a limited partnership between three siblings and a friend, Cynthia, Stuart, and Rob Chan, along with Jeff Burns, respectively. The Chans are somewhat knowledgeable about running a business since their parents have operated a restaurant for years, and Stuart Chan continues to manage the restaurant. The three siblings are the principals in the business, while Jeff Burns is primarily a partner for financial purposes only. Cynthia, having the most free time, has spent the most time working on the business opening. Stuart has procured the equipment for the bar, with Rob’s help. Stuart has become angry at Cynthia for not spending enough time in preparations, and feels that she and Rob are not doing their fair share of work. Stuart wants to buy out Cynthia’s share, but later just apologizes for his outburst. In order to avoid further conflicts, a work schedule was devised that permits Cynthia and Stuart to work schedules that do not overlap, and Rob will manage the operation. Introduction This case study is following the decision case model. Case studies are and important part of the study of organizational behavior. We can......

Words: 3475 - Pages: 14

Decision Making Case Study

...Decision Making Effective decision making is a key factor when managing an organization. Managers are often left to have to make crucial decisions every day that influence the operations, quality and success of his or her organization. The health care industry is one of the largest growing industries in the nation. Technology and advanced medical services point to the constant changes that are happening in the health care industry. The nation’s economy continues to change, and with these changes, health care costs have risen. The present state of the economy has had a major effect on health care across the nation. Individuals and families who receive Medicaid services have been especially affected in the health care system with budget cuts and reduced services. Gardner County Clinic has about seven offices located in Northern, California which provides services to low income communities and Medicaid recipients. The clinic provides primary health care and behavioral services which include prevention and education, early intervention and treatment, mental health, advocacy services and is committed to improving the health condition of children, adults and elderly. The Gardner County Clinic is not different when it comes to budgets cuts. The clinic’s budget has been reduced by 15% and this budgets cut have affected the clinic significantly. With the current budget constraint, decisions have to be made in regards to what clinical services should be eliminated or introduced or......

Words: 981 - Pages: 4

Mba 5501 Case Study 7

...Unit 7 Case Study Question 1-3 The first question that I would like to answer in this case study about Gillette is that Gillette has successfully convinced the world that “more is better” in terms of number of blades and other razor features. Why has that worked in the past? What is next? Gillette is solitary of the recognized shaver trademark targeted at man. The shaver has conventional fame and conservative by man who hand over their mug and membrane to Gillette. The technical novelty and promise for excellence and carry on development geared towards the only one of its kind requirements of man, which assist them to sense and give the impression of being their finest subsequent to every use. Gillette has existed victorious in persuasive the globe that supplementary is enhanced, in view to the integer of razor blades and other features of a shaver. To be unbeaten in the industry, it is essential that, a business comprehend the desires of its patrons and make sure that those requirements are gather and existing to clientele. Gillette realizes what man wish in their employ of shaver for their clean up and also appreciate and be acquainted with how to advertise the Gillette trade name to all man around the globe. As well as the scientific novelty and get through has shaped the preponderance excellence and healthy soughed shaver by man approximately the utterance. “From the twin blade (Trac II), the introduction of the triple blade shaving system (Mach 3), and the six...

Words: 1565 - Pages: 7

Mini-Case Study the Mba Decision

...done with careful consideration. It is almost impossible for me to imagine just the organization can continually sell tradesmen products. The competition appears to be gaining in the marketplace. I see less of Black and Decker products in the store than in recent years. Do you believe that the company is thinking about discontinuation of consumer products because of the fierce competition? According to Kohler and Keller (2012), understanding customer needs in new ways is the life blood of most manufacturing organizations. Since businesses use teams of people and analytical tools when procuring items for business applications, would to say that most business acquisitions take longer (Perkins, 2014)? In the case of acquisition of farm equipment would this be the case? Black and Decker manufactures a large number of heavy duty products made just for farming. Dump carts, spreaders, blade aerators, tine dethatchers, tow rollers, cultivators, tillers and soil sharks are products which are costly. Is it possible that a farmer would pay cash for any of these products? According to Echambadi (2014), it is not wise to strategy for an organization to attempt to satisfy every segment of the marketplace. Do you believe that Black and Decker should narrow its overall market of products? Reference Kohler, P., & Keller, K. (2012). Marketing management. (14th ed.). Upper Saddle, NJ: Jersey: Pearson Prentice Hall. Perkins, S. (2014 May 19). Consumer and......

Words: 300 - Pages: 2

Mba 555 - Case Study

...15 – Conflict and Negotiation Conflict can be defined as a process that begins when one party perceives that another party has negatively affected or is about to negatively affect, something that the first party cares about. Chapter 15 of our textbook, Organizational Behavior, discusses the concept of conflict in great deal, as well as identifies the process of negotiation as means to resolve conflict. Many of the topics covered in the chapter have a direct implication to the case study, Reputation in Jeopardy, and can be used to both analyze and provide insight into the possible future behavior of the characters in the study. The case can be broken down into three main questions: 1. What are the main conflicts between the characters? 2. How do the concepts of conflict relate to this case? 3. What course of action should the characters take to resolve their conflicts? The intention of this paper is to answer these questions. What are the main conflicts between the characters? In this case the main conflict occurs between the main character Amber Borden, and her co-worker Lydia Ulmass, but another conflict is also seen between Amber and her boss Sarah Davis. To describe these conflicts a brief summary of the events leading towards the conflict is necessary. Amber is a special events planner for Home Savings of America. The company is about to be taken over by Washington Mutual, so Lydia asks Amber’s department if she can borrow some old videotapes to make a......

Words: 1710 - Pages: 7

Mba Decision

...The MBA Decision Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $60,000 per year, and his salary expected to increase at 3 % per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 %. Ben has savings account with enough money to cover the entire cost of his MBA program. The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full time enrollment at the university. The annual tuition is $65,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $3000 per year. Ben expects that after graduation from Wilton, he will receive a job offer for about $110,000 per year, with a $20,000 signing bonus. The salary at......

Words: 2926 - Pages: 12

Mba Case Study Rte

...The RTE Cereal Industry in 1994 Case Analysis Competitive Strategy Presented by: Raghav Keshav Why has RTE cereal been such a profitable business? The RTE cereal market is a classic oligopoly with the four dominant players controlling 85% of the market. The return on sales earned by the incumbents in this market (18%) is significantly higher compared to rest of the food industry (5%). Efficient markets typically entice new entrants when the returns are attractive. These returns are gradually eroded with increased price competition as a result of the entry. The RTE market has defied this market theory. There are two main reasons for this. One, any market that yields a high rate of return but has no new entrants must have significant barriers to entry. The RTE cereal market has significant entry barriers. Two, barriers to entry does not necessarily mean high profits for all incumbents in an oligopoly. However, in the RTE cereal, it has. This is attributable to the fact that players in the oligopoly have demonstrated profit maximizing behavior and have successfully avoided market share maximization motivated price wars. Barriers to entry are discussed below. Brand Proliferation Strategy: Incumbents have successfully launched a “brand proliferation” strategy using which every foreseeable market niche is already serviced with a specific brand. Collectively, there are about 200 + brands offered by the three leading suppliers. This approach deters new......

Words: 1785 - Pages: 8

Mba Bussiness Communication Case Study

...EMPLOYMENT INTERVIEW OF R P SINHA Mr. R P Sinha is a MBA. He is being interviewed for the position of Management Trainee at a reputed company. The selection committee’s is chaired by a lady Vice – President. Mr. Sinha’s interview was as follows : Committee : Good morning ! Mr. Sinha : Good morning to Sirs and Madam ! Chairperson : Please, sit down. Mr. Sinha : Thank you (sits down at the edge of the chair, keeps his portfolio on the table) Q. Chairperson : You are Mr. R. P. Sinha A Sinha : Yes, Madam. This is how I am called. Q. Chairperson : You have passed MBA with 1st Division. A. Sinha : Yes, Madam. Q. Chairperson : Why do you want to work in our organization ? A Sinha : It is just like that. Also, because it has good reputation. Q. Member A : This job is considered to be quite stressful. Do you think you can manage the stress involved. A. Sinha : I think there is too much talk about stress these days. Sir, would you tell clearly what you mean by stress ? I am very strong for any stress. Q. Member B : What are your strengths ? A. Sinha : Sir, who am I talk boastfully about my strengths. You should tell me my strengths. Q. Member C : What are your weaknesses ? A. Sinha : I become angry very fast. Q. Member A : Do you want to ask us any questions ? A Sinha : Yes Sir ! What are the future chances for one who starts as a management trainee ? The member tells M. Sinha the typical career path for those starting as Management Trainee. The...

Words: 362 - Pages: 2

Decision Making Case Study

...moved to other countries. El Paso County Clinic is struggling to keep the doors open. Buduget cuts have affected the clinic tremendously. The El Paso County Clinic’s budget has been cut by 15%. The population affected by the budget cuts are Medicaid recepients. Medicaid recepients have a two-fold problem; reduction of benefits, and the reduction of services at the clinic. El Paso County Clinic’s recent budget cuts will force the administration to reduce and eliminate services. The El Paso County Clinic must address the current budget cuts by reducing, and or eliminating services, and continue to provide quality health care. The El Paso County Clinic has appointed a team to address the budget cut issues. The team will use the Informed Decision Toolbox to decide what is best for the clinic and the clients. The first step is to frame the question. The team will gather necessary information and frame questions regarding which services to eliminate, and which services to reduce. In framing these questions the specifics must be stated. What are the most utilized services in the clinic? How will service cuts and elimination affect the clients? What services can be outsourced to other facilities that accept Medicaid? Can lab test, and or raidology be outsourced? Are there any jobs that can be combined without affecting quality services to the clients? Specific questions pertaining to nonessential personnel. Can the custodial personel be downsized? Do the Medicaid recipients of the......

Words: 298 - Pages: 2

Decision Making Case Study

...Decision-Making Case Study The looming changes in health care are a frequent topic in many meetings with health care providers. Budget cuts are not just a speculation but are a reality. Decision-making to provide quality patient care with less money is a challenge at best. The Informed Decisions Toolbox can assist administrators and managers with evidence-based decisions that will allow patients to receive the quality care they deserve while reducing expenses. The Informed Decisions Toolbox The Informed Decisions Toolbox (IDT) is the result of a research study to aid managers with making evidence-based decisions that improve organizational performance. The IDT has an approach of six steps to decision-making (Rundell, et al, 2007): (1) framing the management question, (2) finding sources of information, (3) assessing the accuracy of the information, (4) assessing the applicability of the information, (5) assessing the actionability of the evidence, and (6) determining if the information is adequate (p. 325). As a facilitator for the use of evidence-based research in decision-making, the IDT assists decision-makers with estimating how operational and strategic decisions will have an effect on the organization. Evidence-based decision-making is not new to the health care industry. Clinicians have incorporated evidence-based research for years when making patient treatment determination. The use of evidence-based research for decision-making in other realms of......

Words: 1573 - Pages: 7

Decision Making Case Study

...Running head: DECISION MAKING CASE STUDY Decision Making Case Study Lisa Powers HCS 514 University of Phoenix Decision Making Case Study Today’s healthcare organizations have the difficult task of maintaining adequate operations in the economic climate we live in. Budget cuts have hit all organizations in corporate America as well as the healthcare industry. Staying afloat in these economic times requires the implementation of difficult decisions, often including reduction of services. This has never been more prevalent than in the health care industry. Healthcare organizations are being hit hard. Hospitals and outpatient clinics are operating with budget deficits. Many organizations are now required to cut or eliminate clinical services in order to remain operational. Determining which clinical services should be cut requires managerial staff to make the difficult decision. Managers require tools that enable them to best make that difficult decision to best address the health care needs of the community served. The New York State Medicaid program is the largest single payer of healthcare in the state of NY to the tune of about $47 billion dollars (“Advocates,” 2008). New York has the nation’s highest total and per-patient Medicaid spending and must link spending to healthcare priorities. The number of uninsured patients has steadily increased over the past few years. Funding losses and projected increased operating expenses have......

Words: 1126 - Pages: 5