Why You Should Already Think About the Long-term Impact of Your MBA Degree

Bodo B. Schlegelmilch and George D. Iliev
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Bodo B. Schlegelmilch: Vienna University of Economics and Business
George D. Iliev: Association of MBAs (AMBA)

Chapter 10 in The MBA Compass, 2023, pp 141-155 from Springer

Abstract: Abstract This chapter emphasizes the significance of contemplating your long-term impact decades beyond your MBA graduation. By thinking about the future, you can make informed decisions: from choosing your business school and MBA program to choosing your electives. The concept of Ikigai is revisited, highlighting the intersection between personal passions, skills, societal needs, and earning potential. The chapter explores eight broad fields—Political, Economic, Social, Technological, Environmental, Legal, Ethical, and Demographics—and their relevance to long-term impact. It discusses potential career paths, specializations, and notable business schools that cater to each field. Considering your long-term impact can help you pursue a career that aligns more closely with your values and aspirations, contributing to a more fulfilling professional journey.

Keywords: Impact; Long-term impact; Future thinking; Business school choice; Ikigai; PESTELED framework; Social impact (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-42739-8_10

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DOI: 10.1007/978-3-031-42739-8_10

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