If every boss in the country could vote on one area they wish their schooling helped them with more, the hands down winner would be people skills. The average MBA holder may be able to sell an Inuit ice cream, but faced with the prospect of getting a problem employee back on board, and you will likely be greeted with a blank stare. It is hard enough for most bosses to figure out how to properly motivate a dozen different employees, it can seem impossible to be their shrinks at the same time.
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