Choosing between the two, while related, is not the same as being in the right one. The truth is, the two are quite different. It is often difficult to decide which one to focus on because each has its own unique strengths and weaknesses.
It is probably best to focus on the concept of financial strategy first before delving into any particular MBA subject. This will allow you to be more specific. After that, you should consider choosing to specialize in one of the other two areas or even going for a third way.
You should try to make a decision as to which one you think you are best suited for early on. At that point, you should be able to go back and add a bit of value creation in. Here is why.
At this point, you have at least some exposure to financial strategy. If you choose to add a bit of value creation, it is likely that you will also have that opportunity. Also, you might even find that you are a better fit for the latter.
At this point, the best way to decide between these two areas is to think about your own needs. It is important to note that those needs may not be the same as those of others. It will be up to you to determine whether it is worth focusing on strategy or value creation.
In the financial world, there are often more questions than answers. For example, if thereis a business that does not have a way to get funding, it does not make sense to go in for a strategy. However, if you have a great business idea that would appeal to certain customers, you can still go about having a strategy if that is the best route to take.
In the value-creation area, you will often have questions that you need answers to. These include how to develop products, how to sell and what to do with those products after they are developed. Often, you will be following someone else’s vision or using their marketing methods. Having a strategy allows you to understand how to create your own business strategy.
While you should learn about financial strategy and value creation, it is not advisable to base your own MBA on these. Rather, it would be best to specialize in one area and focus on a single area. Make sure that the financial model you use for your MBA is aligned with that of the business you plan to start. You will have to be aligned to an already-established model.
You might be wondering why it is important to be sure that you are putting your MBA to good use. If you are getting an MBA for the sole purpose of building a business and creating a value-creating business model, then it is probably best to make sure that you are focusing on the latter first. If you are only interested in the former, you might want to investigate the possibilities of going for a strategy.
You can also find a lot of valuable resources for financial strategies and value creation in books, journals, or seminars. In addition, you can find many great opportunities for meeting other entrepreneurs in the financial sector. Of course, if you are starting a business, it will be harder to meet these individuals because your future business partner might not be there yet.
Instead, you should spend as much time as possible on your MBA preparation. Choose a strategic path and master the financial tools necessary to follow it. Once you do that, you can be well on your way to building your business model and establishing your value-creating model.