Opportunities with an MBA
• MBA opens up doors of opportunities for you. When you pursue a Money Recovery Suit, you view it as a breach of contractual rights that needs to be addressed by complaining in the right forum. But what is the business implication of the Money Recovery Suit? It's the formation of the ecological clout of your organization among its vendors. When the vendors learn that M/s XYZ has cheated Company A and Company A could not do anything about it, could not leverage its rightful claims despite having bound the vendor by contractual obligations, they too start adding to the list of debtors, and some more accounts end up being bad debts, reducing the market valuation of your organization. This is where MBA knowledge steps in.
• It helps you understand the relevance of having a legal department, enforcing contractual obligations, and forming the ecological clout in the industry and environment.
HR and Employee Bonds
• There are certain organizations where employee bonds are very seriously enforced. Employees who intend to breach the bond would be averse to joining such organizations or, on the hind side, leaving them by breaching the bond. What we perceive to be rights coming out of organizations, in the business sense, is not only rights but also enhancing the growth prospects of companies by attracting those talents who will not leave the organizations in the short term. This will, in turn, reduce costs of training and talent acquisition and reduce the brain drain with knowledge gained, business know-how, and most importantly, key accounts.
Corporate Governance and Legal Understanding
• The understanding of corporate governance, transparency, and its value to the shareholders, vis-à-vis the prices of shares, are all connected in a loop and an essential requirement in today's date for the government, SEBI, investors, rating agencies, and shareholders. India is weak in the implementation of rules and regulations. An understanding of the law of the land will be an added advantage to the company in today's date when a whistleblower can report against your organization at any time, and there is no second chance to regain your ethical stand.