Pursuing an MBA
Keith G. Parkman
University of Phoenix
It is critical for African-American male’s to pursue an MBA to be an example to the next generation. The next generation should observe someone set a goal and achieve it. We should not view success only in the arenas of music and athletics. An MBA is a personal goal that will bring financial gain and status within the community.
What about the young men and women who does not have the voice, agility, and/or outgoingness to achieve riches? Will they find positive alternatives to obtain what they consider to be successful? Or will they accept the cards they have been dealt in life. Our young men and women, boys and girls, should see someone like them obtain success in areas that are foreign to them. Exposing young men and women to MBA graduates will give them insight into other opportunities they never imagined.
Only a small percentage of people in America are successful professionals in music and athletes. The Bureau of Labor and Statistics (BLS) projects there will be one hundred ninety-six thousand professional musicians and twenty-one thousand professional athletes projected for the year two thousand sixteen. The BLS projected employment for “Top Executives” will be over two million. Bureau of Labor and Statistics (2009).
Entrepreneurs are considered “Top Executives” and a MBA is a great asset to small business owners. However, according to the Small Business Administration (SBA) most small businesses fail in the first five years. Longley, R. Some reasons small businesses meet there demise is due to poor inventory management, over investment in fixed assets, and unexpected growth. Ames, M. (1983). Obtaining an MBA will provide the tools needed to overcome the previous mentioned reasons for failure.
An MBA graduate’s contribution to society can be the beginning of a legacy for their family. Yankelovich, (2008) found the following: “to better understand the...