Competitive Advantage, Firm Performance, and Business Models
Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.
Also, provide a response to each of the following questions:
- The strategy box at the end of Chapter 2 asked how much you would be willing to pay for the job you want—for a job that reflects your values. Here, we look at a different issue relating to worth: How much is an MBA worth over the course of your career? Alongside the traditional two-year full-time MBA program, many business schools also offer evening MBAs, online MBAs, and executive MBAs. Let’s assume you know you want to pursue an advanced degree, and you need to decide which program format is better for you (or you want to evaluate the choice you already made). You’ve narrowed your options to either (1) a two-year full-time MBA program, or (2) an executive MBA program at the same institution that is 18 months long with classes every other weekend. Let’s also assume the price for tuition, books, and fees is $50,000 for the full-time program and $120,000 for the executive MBA program. Which MBA program should you choose? Consider in your analysis the value, price, and cost concepts discussed in this chapter. Pay special attention to opportunity costs attached to different MBA program options.
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