What relevance does an MBA have in the world of Housing?
As some of you will know, I have been studying towards an MBA (Masters in Business Administration) through the Open University.
As I am now half way through the three year distance learning course, I thought it was an opportune time to reflect on a few of the key learning points from the MBA so far, to help answer the very question of its relevance. Here are the main ones:
I have had to step outside my comfort zone. I don’t just mean in terms of the course content here. I am studying with a much wider range of people than I would normally work with; people who work in the for-profit sector, internationally, in family run businesses and global institutions. This is definitely not my usual close-knit Housing network and the diversity of students was one of the key reasons I signed up for the course.
I have a toolbox of useful business tools and concepts. I can now take these into my working career, whether that is ultimately within or outside the world of Housing. An MBA does not give you all of the answers, but it certainly helps to provide a wider and much deeper understanding of business. I feel more equipped than ever to tackle almost any issue at work.
The boundaries between for-profit and not-for-profit are difficult to define. The MBA course has brought this home to me on an amazingly regular basis. In Housing we are increasingly talking about profit, while in the next breath making it clear to anyone who will listen that we are not-for-profit. In a lot of ways, the definitions don’t matter – its more about having clarity of purpose within an organisation and ensuring that this is transmitted throughout the organisation.
There is a big world beyond Housing. I can’t stress this point enough. The MBA has shown me a taste of the big wide world out there beyond the Housing sector and I would argue that this ‘wide world view lens’ can be used to challenge and shed new light on old existing ways of working and thinking. I am the only ‘Housing’ person in my group and have really enjoyed being questioned and challenged on some of the Housing norms I have come to accept. I would like to think that I am a much better professional for it.
For me an MBA certainly has some relevance in the world of Housing. Sure, it might not be for everyone, but if nothing else it gives me a toolbox of theories and concepts with which to challenge the old ways of doing things, with a sound base knowledge of business which goes beyond the normal Housing world.
I for one am looking forward to taking this forwards in the rest of my career.