Applying for a Doctorate of Business Administration - Personal Statement Example

Address Concerned ity Address of the With Department details Dear The desire to play a defining role in influencing the lives of the people of today and the generations of the future has always been there at the core of my heart. With the passage of time, the various phases of life that have come across my desire has grown into my ambition and now it has transformed into the goal and sole objective of my life. I am an observant person. I analyze and examine things from various perspectives before making my judgment or developing my own perceptions to different phenomenon occurring and present around me. My way of looking at things, my educational expedition and experiences in life have actually helped me understand and define my objective of existence and how to get closer to it. Various events have changed the course of history in the world one of such events is the recent recession of the 2007. This recession showed the mirror to the corporate world. It made the shrewd business minds realize that there is something, somewhere that is tremendously wrong and they don’t have the smallest of clues that what it possibly could be. The recession of 2007 engulfed the global economies and took them way back in terms of their progress, development and prosperity. Unemployment went record high and to further deepen the scar, inflation went high beyond controllable limits. This downfall was humongous in its magnitude and persistent in its aftermath. With my background in business administration and a strong grasp of business acumen on my back I analyzed the situation from a deeper perspective and a different angle. The need to understand business processes and managing various aspects of a business has become exceedingly important today. Especially after the economic downturn of 2007, the global corporate sector cannot afford to take the situation for granted. The need to analyze each and every stage and step of the business is the ingredient of success and survival of organizations in the business world today. We can hire engineers and IT specialists to produce the best product in the world but we cannot use these professionals to understand the intricacies of running business in a complex and competitive environment. You can become an innovator, inventor and whatever that you aspire to be, but you can never be a successful entrepreneur without mastering the art of doing business. The global economy rests today on the shoulders of the corporate sector that in turn is heavily dependent upon the business managers that the organizations have. Business management and Administration may not be rocket science but its lack of understanding may cost organizations unprecedented amounts of dollars. In the modern age where internet and technology have made great inroads into the everyday lives of humans, managing businesses has evolved into a science. Today market dynamics are defined by prominent cause and effect relationships that the business managers need to understand and then practice to inject sustainability into their businesses and organizations. The growing demands of the capitalist system and the ever empowered customers bearing the flags of consumerism have made the market place a fierce battle field and has given rise to a great need to study business management and explore the unveiled realities of this area of study. With growing demands of goods in the world, developing a deeper understanding of markets and consumer psyche have become the pillars on which the corporate structure rests today. This is high time that business management is taken seriously at academic and scholarly levels to ensure that future generations avoid the mistakes that we have and our elders have made in the past. There is a severe need of scholars that can work on the area of business management and administration and can help the future generations understand the nitty gritties of making profits and customers. In my eyes I see a prominent gap in the academic arena for business administration and this gap needs to be filled and addressed with utmost urgency, for yet another economic downturn may take us back to the Stone Age. Studying philosophy or literature may be of great pleasure but little utility in the current economic setup of the world. I want to make a noticeable contribution to the present and future generations by exploring the unexplored opportunities and areas in the field of business administration. I want to interact with the business world and find out the areas that need improvements and what do consumers and business experts feel is the future of the corporate world and which way is it heading to. I want to provide a work that can be further built-up up on by future researchers and analysts. Doing doctorate in business administration will give me a chance to interact with people and understand the requirements and demands of consumers in a better and profound manner. With the understanding of the market I shall be in a better position to propose and recommend solutions to the business enigmas and dilemmas that are faced by business managers to day. I want my work in the doctorate program to be unique and multifaceted. I want my work to have an academic dimension to it, so that students can understand the future trends and challenges that await them in the professional field, and on the other hand I want my work to have a professional utility as well. I want to cast a magic spell for business managers that could be addressed and referred to on a daily basis as the corporate bible or mantra. Such a contribution is what the world requires at this stage. If I am given a chance to study doctorate in business administration in this university I can bring my dreams to reality. I can explore an untapped area and can help generations to prosper in the future. My work will be of great value to this university as well as the entire world and this is what I aspire to achieve. I may sound a bit ambitious but the following lines from Invictus give me hope and self belief, “I am the Master of fate I am the captain of my Soul” Read More