Degree Space

Have you ever seen books that offer to teach you in a few hours what it took an MBA graduate up to two years to learn? That’s a great idea – a single book that provides all the information contained in a two year graduate business degree. So yesterday, while I was browsing the shelves at Barnes & Noble, I had a thought. We should team up with our Portuguese translation service, Japanese translators and Russian translation specialists to come up with a 12-minute MBA course for our clients. This way, they will learn everything they ever wanted to know from those types of books, save their money and increase their opportunities to earn future promotion and a big raise. But then it occured to me. Why offer this when I could offer an even shorter course?

Well of course all of this is just not possible. But just as a sidewalk painter can quick make an outline of a painting before he completes it and sells it to a random person walking by on the street, we can quickly outline the key elements of an MBA education. In a nutshell, the objective of an MBA program is to help companies operate successfully, and we kept this in mind when we met with our translators to sketch out the common elements of all successful business organizations. Basically, business success occurs when a business creates its own demand and supplies its products efficiently.

Generating Your Own Demand
Our Portuguese Translation team immediately began summarizing how to create demand. They found that really successful companies identify a need, produce the product or service and deliver it in a timely manner. However, this can only happen when an organization provides more value than its competitors, either in the form of lower prices or with products and services that have provide more favorable features.

How To Become Profitable
The Russian Translation workers aimed to summarize how the creation of profitability works while the Portuguese translators examined how to create demand. It was decided by the Russian translation group that a business organization must set its prices at a level that will adequately pay investors while covering costs. More often than not, it doesn’t suffice for a company to have the lead in market share and be only slightly profitable. The result is that it is often very difficult to make both customers and investors happy. This difficulty is one of the main reasons why people earn advanced business degrees.

So far, I think we are still on track to providing the world’s first 5-minute MBA. It was reassuring that the Russian and Portuguese translation experts showed a deep understanding of the competing demands of customers and investors. But while the task is challenging, companies such as the ones on Fortune’s Most Admired list are able to keep their customers and investors happy.

While the Portuguese and Russian workers finalized their thoughts on the above subject matter, some Japanese Translation workers began to define the key attributes that they believe are necessary for business success. According to the Japanese Translators, successful organizations must have talented people at all levels. In fact, they believe that it is absolutely critical that organizations have leaders who can develop and sound business strategy, managers who make profitable decisions and motivate others and front line people who have the knowledge and discipline to carry out tasks with accuracy and efficiency. Other points made by the Japanese translation team were to highlight the importance of fostering strong relationships with external suppliers, investors and clients. In conclusion, the Japanese translators reiterated that business success depends on having enough capital to carry out plans and operate the business.

So there you have it, we successfully put together an MBA course in 15-minutes that can be taught in five minutes and has being given away for free to anyone who has read this far.

It seems like every six months or so, I see a new book that promises to give readers the amout of knowledge that took an MBA student two years to learn. I’m sure that many people see value in a single book, one that is smaller than any textbook that they read as an undergraduate student and one that offers all of the knowledge gained from a two year graduate degree. So the other day, while strolling through Border’s Book Store, I had an idea. Why not get together with some of our Russian Translation, Japanese Translation and Portuguese Translation workers and develop a ten minute MBA program for our new customers? This would provide all the information they need, thereby saving them time and money and putting them on the fast track to great earnings. But then it occured to me. Why offer a ten minute MBA when I could offer a five minute MBA program instead?

Well, we know it’s impossible to get a graduate business degree from a single book and a 5-minute MBA is impossible. But just as a builder can sell a house before it’s built, we can provide the nuts and bolts of an MBA education. In general, MBA programs are supposed to help managers run their businesses efficiently, so we gathered together our translators to begin to outline the common characteristics of profitable businesses. Basically, business success occurs when a business creates its own demand and supplies its products efficiently.

Growing Your Business Through Demand
Several Portuguese Translation workers were first to outline the way that demand is generated. They found that really successful companies identify a need, produce the product or service and deliver it in a timely manner. But this only works if the business provides the good or service at a better price or higher quality than the competitors.

Creating Profitability
While the Portuguese translation team worked, the Russian Translation team nailed down how to create profitability. To the Russian Translators, successful companies must sell products or services at prices that are high enough to cover costs and adequately compensate investors. Quite often, companies must be highly profitable and be a leader in market share. The difficulty arises in trying to simultaneously satisfy both investors and customers. This difficulty is one of the main reasons why people earn advanced business degrees.

Up until now we are well on the path to providing an MBA in five minutes. It was encouraging to see that the Portuguese and Russian translation groups grasped the daunting task that companies face when trying to please customers and investors. The goal is difficult, but many companies, like Fortune’s Most Admired, have succeeded at keeping both groups satisfied.

While the Portuguese and Russian workers finalized their thoughts on the above subject matter, some Japanese Translation workers began to define the key attributes that they believe are necessary for business success. According to the Japanese Translators, successful organizations must have talented people at all levels. They reinforced the importance of executives who create sound strategy, managers who provide positive motivation and make sensible decisions, and front line employees who provide outstanding customer service as a result of posessing the knowledge and skills required to effectively do the job. It was also pointed out by the Japanese translation group that business success results from excellent relationships with external suppliers, customers and investors. In conclusion, the Japanese translators reiterated that business success depends on having enough capital to carry out plans and operate the business.

In conclusion, if you have read to this point you are now realizing that we succeeded in developing a 15-minute MBA program that we managed to teach in 5 minutes – - and it was free.

Have you ever seen books that offer to teach you in a few hours what it took an MBA graduate up to two years to learn? Certainly most people would rather have one fairly short book that provides all the content of an MBA degree. And last evening, as I was on my way out of Border’s, it hit me. I should collaborate with our Russian translator, Japanese translator and Portuguese translator to develop a 20-minute graduate business program for our new clients. This way, they will learn everything they ever wanted to know from those types of books, save their money and increase their opportunities to earn future promotion and a big raise. But then it occured to me. Why not offer a course that is even shorter in length?

Well of course all of this is just not possible. But just as a sidewalk painter can quick make an outline of a painting before he completes it and sells it to a random person walking by on the street, we can quickly outline the key elements of an MBA education. In a nutshell, the objective of an MBA program is to help companies operate successfully, and we kept this in mind when we met with our translators to sketch out the common elements of all successful business organizations. Particularly, all highly profitable firms make their own demand and supply their wares in an efficient manner.

Creating Your Own Demand
A few Portuguese Translation workers took the first stab at defining how demand is created. They found that really successful companies identify a need, produce the product or service and deliver it in a timely manner. But this is only possible when a company is more efficient than the competition at providing lower prices and/or higher quality products.

Creating Profitability
The Russian Translation workers aimed to summarize how the creation of profitability works while the Portuguese translators examined how to create demand. The Russian translation team determined that to be successful, a company must sell its wares at a rate that will cover its costs and provide a paycheck to its investors. More often than not, it doesn’t suffice for a company to have the lead in market share and be only slightly profitable. As a result, it can be extremely difficult to satisfy investors and customers at the same time. But if it was easy, then all companies would be successful and people wouldn’t need to earn MBA degrees.

Up to now we are well positioned to offer the first of its kind five minute MBA. It was reassuring that the Russian and Portuguese translation experts showed a deep understanding of the competing demands of customers and investors. Indeed, this is a daunting task, but many companies are able to be successful at keeping customers and investors satisfied.

While Russian and Portuguese translators continued their work, Japanese Translation workers busied themselves with the task of defining essential characteristics of successful businesses. The Japanese translation team put forth the idea that successful businesses hire highly talented people at all levels. They reinforced the importance of executives who create sound strategy, managers who provide positive motivation and make sensible decisions, and front line employees who provide outstanding customer service as a result of posessing the knowledge and skills required to effectively do the job. The Japanese Translators also indicated that successful organizations develop strong relationships with external suppliers, customers and other stakeholders. Finally, the Japanese indicated that successful companies have sufficient capital to execute their plans and support their operations.

So there you have it, we successfully put together an MBA course in 15-minutes that can be taught in five minutes and has being given away for free to anyone who has read this far.

Each time I’m in an online bookstore or in Barnes and Noble, I see a new book that promises to give reader the equivalent of an MBA education in just a few hours time. Certainly most people would rather have one fairly short book that provides all the content of an MBA degree. So yesterday, while I was browsing the shelves at Barnes & Noble, I had a thought. Why not get together with some of our Russian Translation, Japanese Translation and Portuguese Translation workers and develop a ten minute MBA program for our new customers? This would provide all the information they need, thereby saving them time and money and putting them on the fast track to great earnings. But then, I had an even better idea. Why not offer a course that is even shorter in length?

Okay, we realize you can?t get an MBA from a textbook at Borders and we certainly can’t teach an MBA program in 5 minutes. But just as a sidewalk painter can quick make an outline of a painting before he completes it and sells it to a random person walking by on the street, we can quickly outline the key elements of an MBA education. In a nutshell, the objective of an MBA program is to help companies operate successfully, and we kept this in mind when we met with our translators to sketch out the common elements of all successful business organizations. Particularly, all highly profitable firms make their own demand and supply their wares in an efficient manner.

Creating Your Own Demand
Our Portuguese Translation team immediately began summarizing how to create demand. What they defined was that truly successful organizations are expert at identifying, creating and supplying products and services that bring new customers and keep old customers coming back. However, this can only happen when an organization provides more value than its competitors, either in the form of lower prices or with products and services that have provide more favorable features.

In Search of Profitability
Whereas the Portuguese translation group worked on defining how to create demand, the Russian Translation team researched creating profitability. The Russian translators suggested that successful businesses must sell their products or services at rates that will enable them to pay investors and cover fixed and variable costs. More often than not, it doesn’t suffice for a company to have the lead in market share and be only slightly profitable. It can be quite difficult when trying to make investors and customers both happy at the same time. The fact that all companies are not successful in this respect is a primary reason why managers enroll in MBA programs.

So far, I think we are still on track to providing the world’s first 5-minute MBA. I was encouraged by the Russian and Portuguese Translators reported and understand the difficulty faced by companies that must deliver customer and investor value. Indeed, this is a daunting task, but many companies are able to be successful at keeping customers and investors satisfied.

While all this was going on, we put our Japanese Translation professionals to work to determine the characteristics required for business success. The Japanese translators reported that the majority of successful businesses hire only the most talented individuals at every level. They iterated that business leaders must be able to create strong business strategy; managers must be able to motivate others and make sound business decisions; and employees must have the knowledge, skills and abilities necessary to carry out their jobs. The Japanese Translators also indicated that successful organizations develop strong relationships with external suppliers, customers and other stakeholders. To wrap up, the Japanese stated that success in business relies on sufficient capital to conduct operations and put plans to work.

And here we are, coming full circle, having put together a 15-minute graduate business course that can easily be taken in five minutes. And, the best part is that it is free.