Innovation MBA

Innovation MBA

It is no surprise that innovation and entrepreneurship go hand-in-hand. Entrepreneurs are always being innovative in order to drive their businesses forward and to stay on the cutting edge of their specialty. Therefore, it is also not a surprise that the traditional business degree, the Masters of Business Administration (MBA), has embraced this spirit and created a new entrepreneurship MBA track called the innovation MBA. With this unique MBA degree, students can develop the skills needed to be successful and innovative entrepreneurs.

Want to know more about the innovation MBA degree? First of all, the MBA itself is a graduate level degree that can take anywhere from one to three years to complete, depending on the program you choose. In order to qualify for entrepreneurship MBA programs, you must have an undergraduate degree (preferably in business or accounting), and you must have a good score on the GMAT test.

Today there are a wide variety of ways to earn your MBA degree, whether it is through an executive MBA program that takes a year, to a standard two-year program, to the many options available on the evenings, weekends, and online. In order to specialize in innovation and entrepreneurship, you will likely switch from general business topics to more focused subjects such as entrepreneurial finance, leadership, global capitalism, and other subjects that are specific to those that want to own their own businesses and stay on the cutting edge.

Things you might focus on while earning your innovation MBA are the management of continuous innovation and change, how to anticipate and embrace the changes in technology, intellectual property management, how to create, build, and motivate your new company, how to identify and take advantages in the markets, and of course, how to access capital markets. Once you have earned an innovation MBA, your employment opportunities may be broadened. If you already own your own business, the innovation MBA might help you take it the next level. If you are planning to start a new business, your MBA degree might make you more attractive to investors and those that might want to work with you.

Strong managerial skills are invaluable to all businesses, whether or not it is your own. Entrepreneurship MBA programs aim to teach you how to hit the ground running in a management capacity, and so beginning your career by working for other companies in order to build up your chops may be a good option for you, as well. If you want to succeed at your own business, the innovation MBA degree could be an excellent first step! Get started today.