The Decision of Private Satellite Network in Wal-Mart
In 1983 Wal-Mart founder Sam Walton was advised by the employees of his departmental store to introduce a automated system that can communicate to all the departments and stuffs in real time. In the beginning the advice for introducing satellite communication in the stores was sounded rather surreal, but with continuous and persistent consultation and convincing test of the operation of the satellite camera and communication finally it got the approval of Sam Walton. This is not only mere a management decision that created history in the business process of the company, but it changed the whole functioning of retail sector and provided an unforeseen direction to the business world in regard to incorporating technology into business process.

Introduction of Automated Teller Machine or ATM by City Bank
Can anybody think of banking without an ATM facility for withdrawing money? Like telephone or electricity or automobiles bank ATMs are almost integral part of our banking habit and living. Back in 1975 with input and advice from one of the close associates the then City Bank chairman Walter Wriston decided to automate the banking through the introduction of automated teller machine or ATM. The ease of the customers of the bank and smooth operation of the banking paid huge, as within the same year the bank swapped almost the whole country with 400 ATMs and within the next decade it completely changed the face of retail banking.

Introduction of computer system compatibility through IBM/360
Does anybody go through a nightmarish situation now in regard to installation of new computer hard ware or peripherals in regard to compatibility with your existing computer or other accessories? It is so easy now and from the ease of compatibility it almost creates an impression that it was always like that from the beginning of computer technology. But just a few decades back to buy a new computer or accessories like printer means there is no use of your existing system and the files contained in them. IBM suffered from its own compatibility problem back in 1964 and was going through enough row and debate over the introduction and setting up of a set of new computers having the properties of being compatible with one another. Finally with the stroke of a top management decision the first set of these compatible computers were introduced for internal use within the company. Then the project was named IBM/360 and within the year IBM realized the business potential of the idea that made them to go public with this new range of compatible computers. What followed is not just a success story of business initiative but rather a revolution in the computer hard ware and computing technology. For the whole computer friendly generation of twentieth and twenty first century generation it remained as one famous management decisions that created history in the most unprecedented way.

Our discussion excludes a lot of great instances in regard to the famous management decisions that created history, but the revolutionizing potential of management decisions have specially been emphasized and that is the purpose of our present discussion.

Harvard Business School
Nobody would prefer to argue over this school to be chosen as the first among the top 10 MBA schools in the country; its academic superiority is so acclaimed over the generations and across the industries. The 2 year full time MBA degree program offered by this business school is one of the best globally.

Stanford Graduate School of Business
This is another globally reputed business school which offers 2 years full time residential program in MBA. Stanford Sloan program is a 10 month program especially for mid career level executives which also leads to a graduate degree in business management.

Massachusetts Institute of Technology (MIT) Sloan Business School
MIT Sloan Business school offers both MBA and management program for executives. For the last few years this business school has rapidly came up to be one of the handful of business schools in the country which is too conversed in preparing the experienced executives of various companies to face the downturn effects of recession and resulting business as well as management challenges.

Haas School of Business, University of California – Berkeley
The flagship MBA program offered by this business school is only a curriculum of 2 years and the mode is full time. Apart from this full time MBA program this business school offers a variety of MBA programs which has been offered keeping in mind the necessity of management education for the working and preoccupied population. This business school offers weekend MBA program, evening MBA program and MBA program for executives.

Columbia Business School
The 2 year full time MBA program offered by this world renowned business school fetches students from all over the world and globally recognized as one of the most popular business school of the country because of its huge enrollment figures in the MBA program.

The above list of top 5 MBA schools is prepared in perfect conformity with the various rankings published and evaluation of their academic standard, faculty, global as well as industry wise reputation, career exposure, uniqueness of the course curriculum and learning methodologies, etc. and many more which have a substantial bearing in choosing these top 5 business schools.

Various Specializations and Career Prospect of MBA Degree
There are a huge number of specializations available with a MBA degree and accordingly the MBA program is named after the subject of specialization, say for example, the MBA degree with a specialization in finance would be called MBA in finance. Some of the most popular MBA specializations are mentioned here.

MBA in Finance
This MBA degree apart from preparing the student in the general theories and practices of financial management develops the acumen and insight for taking important strategic decisions corresponding to the challenges of global market place.

The career prospects of MBA degree in finance has a bigger reach than other specializations and the job opportunities of this degree are spanned over a lot of important positions across various business houses, government departments, economic think tanks, international organizations and policy making bodies.

MBA in Accounting
An accounting MBA degree is focused on both the academic principles of accounting and latest development and practices of the discipline. It also gives the students relevant cross disciplinary exposure in several business disciplines which have a considerable bearing on the improvement and desired excellence of the accounting profession.

In the recession and economic slowdown driven economy of present time accounting excellence has a crucial role to play in any business organization or governmental projects, because of their achieved knowledge in techniques of cost derision, cost competitiveness and better profit generation. The career prospects of MBA degree in finance include many job areas like, cost analyst, accountant, taxation jobs and strategic business planning in various international, government, professional services and business organizations.

MBA in Marketing
Marketing is considered to be the core area of any business organizations, as by its crucial role in the top-line sales growth it plays the main role as revenue generating business discipline in an organization.

The career prospects of MBA degree in marketing include a variety of job disciplines like, marketing managers, brand promoters and business strategy specialists in business organizations, business analysts in international organizations and marketing as well as policy making positions in government organizations.

Other MBA degrees
There are several other important MBA specializations which offer a diverse and equally important career prospects. Some of the important, growth-driving MBA degrees which have not been discussed here include general management, global management, health care, hospitality and tourism, project management, media, human resources etc.

The discussion in regard to career prospects of MBA degree is void and without any significance without the shedding of light on various specializations of MBA degree. The drive of specialization has gone too far in the management education of present era and consequently the career prospect of MBA degree is to be unfolded separately with each specialization.

What is an MBA?
MBA or Master of Business Administration is a postgraduate degree through which the student learns to master the administration and management of a business. In this highly sought-after management learning program the student learns the intricacies of management principles and business procedures in regard to practical and real life business situation.

The Distinct Advantages of a MBA degree
In regard to getting higher positions in a business establishment and consequent higher pay package definitely a MBA degree comes as a big advantage. In the tremendously pressure ridden business world of present time the management of a company plays a very crucial role for the growth, profitability and sustenance of a company and it is natural enough that the company will prefer someone with a management degree like MBA to take such positions.

The specializations of a MBA degree
As a prestigious management degree MBA has lost its previous luster as over the years it has become more common among the management education aspirants and for this reason enough now MBA with a specialization in one of the fields of business management has become more demandable across the industries and business world. With one or two concentration of subjects or specializations a MBA degree poses itself as more competitive in the job world. For the purpose of providing a gross idea, a short list of the possible specialization areas in regard to a MBA program is given below:

Accounting, Economics, Finance, Human Resource, Information Technology, Marketing, Operations Management, Risk Management, Global Management, Logistics, Energy, Strategic Management, Entrepreneurship, environment etc.

Where to seek a MBA degree?
All reputed universities and specialized business schools offer MBA degree. With your prior qualification completed, you can even apply for a MBA degree from an online institution. As you go up the ladder of ranks among most sought-after business schools and management institutions, the eligibility criteria for enrollment in a MBA program gets stricter. Though the gate criteria for enrolling in a MBA program differ from institution to institutions, there are plenty of options to choose for a MBA program.

To conclude, in a career driven educational environment where practical as well as exposure in a real-life scenario is considered more vital than the so called theoretical knowledge, in opting for a MBA program one must be very careful about the focus, professional constituent and practical exposure of the program.