Concordia John Molson MBA Winning Sample Essay - 1
Statement of Purpose
I have more than 5 years of experience in leading and managing my family business – a jeans and apparel manufacturing company. Due to my father’s demise, I had to take over the business at the age of 25 and today, I manage a team of 70-100 employees and look after day to day operations. Now I want to pursue my MBA primarily because of the 2 reasons:
First, I took over a business which has been following the same operations technique which was introduced by my grandfather. But compared to today’s standard, most of our technology and operations procedures are outdated. Also because of Covid-19, we had to take some losses due to poor supply chain planning. Therefore, to keep up with changing market dynamics, I want to learn and bring some technological changes and operational efficiency in our business.
Second, as a jeans manufacturer, my business’s growth opportunities and the risk are tied to one item. In particular, it has been impacted by advances in E-commerce, and digital marketing. Our market position as well as our financial security is linked to only the Indian market. Now I want to expand my horizons beyond a single product manufacturing into multiple products and adopt direct to consumer selling methodologies to reduce our risks, improve margins and grow internationally.
As an engineering graduate, when I joined my business I was excited to learn under the guidance of my father but due to his untimely death I never received any mentoring to lead a business. I believe now is the right time for me to step out and pursue an MBA to upskill myself. As the next generation leader, I am seeking business education and mentoring to develop my own skills so that I can lead my business to new horizons and make my father proud.
I have seen how fast business practices have changed during Covid times and due to these changing times this is where I believe pursuing a full time MBA from John Molson School of Business can provide the right platform to fill in the gaps in my business knowledge, develop my leadership skills and a great network.
An MBA from John Molson School of business will be a perfect fit because courses like Strategic Managerial Accounting and Control can help learn about optimizing and streamlining my own manufacturing operations. I also heard great things about the Business Process management course which I believe can help develop a long term strategic growth roadmap for my business to grow internationally. Other aspects of the curriculum like experiential learning can help me gain experience outside the classroom and help me apply that knowledge in the classroom in a risk free environment.
Post-MBA, I intend to return to India and lead my company Aman apparels. I want to apply the knowledge I learned through my MBA and upscale my fathers company in the Indian market. In the long term, I aspire to grow my family’s manufacturing business to international markets.
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