16 September 2017
An MBA is a graduate degree that provides theoretical and practical training to help professionals gain a better understanding of business management functions. The focus is on how established businesses function and operate and thus an MBA’s emphasis is on subjects like accounting, finance or marketing. Hence, irrespective of the industry or profession, an MBA degree can benefit those in positions in business and management, especially those in executive and managerial positions.
On the other hand, the Master in Business Economics (MBE) provides a strong foundation in economic principles and meets the needs of decision-makers and advisors in business and related areas. The programme will serve as a platform for those who have just graduated and wish to explore their professional career. In particular, TIME MBE follows the latest educational trends, focusing on one particular, yet dynamic, subset of organizations: startups and innovative small to medium size enterprises. In most countries these firms make the bulk of the economy. However their needs are seldom addressed by graduate programs.
Addressing this lacuna, TIME not only offers traditional courses such as management and strategy but also courses on data analytics tools (the sine qua non for innovative firms), and basic economic principles. In this way, students will be better equipped to come to grips both with consumer preferences and international trade, focusing on the needs of startups and innovative firms. To this effect, TIME also offers special courses on business negotiations, intellectual property protection, special skills for small firm development, and use of innovation and knowledge in R&D intensive firms.
In short, TIME is an MBE course (rather than a traditional MBA course) that focuses on skills that will allow young entrepreneurs, market entrants, and small firms to flourish.