Fundamental Question

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Fundamental Question [#permalink]

27 Jan 2005, 00:00

Hi Scott/Omari,

I have been a regular reader of this forum & have been reading your book too.

I have a very fundamental qustion.

"Why do we think that MBA makes a better manager or an entrepreneur?"

Many great entrepreneurs are out of experience (Bill Gates being the richest
person & a successful entrepreneur). I came across many people who say that
MBA is not the way to be an entrepreneur, if you want to work on already existing
set up then probably it's good thing. MBA just teaches some formulas. Management
can't be taught etc. etc. How true is this?

People say that a person who has been a developer, then becomes a supervisor,
product manager can become a good marketing manager since he knows what goes into the product.
"I don't agree with this totally." but I would like to know your comments
on this. How is a marketing MBA different from this?

I happen to talk to a successful person/manager last week, according to
him, an MBA person thinks only through the frames/formalas he has been
taught, whereas an experienced person applies lot more than that &
thinks logically & doesn't just use the formulas.

I'm an MBA aspirant, I would like to get rid of these doubts, since
you have done MBA from premium schools (& my dream schools), please
guide me...

I want to know how an MBA will help me, which is a basic question that
comes to my mind while taking a decision...

Rgds,
Paul

(Thanks to Hjort for giving his views)

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[#permalink]

28 Jan 2005, 16:49

Hey Paul,

It sounds like the basis of your question is: what's better experience or MBA

Honestly I don't think they're necessarily interchangeable -- they build on each other -- that's why most b-school programs require full-time experience.

Do I think that everyone who wants to be successful in business needs an MBA? Of course not. But it's a great way to formally learn the fundamentals of business, build a solid network, test your ideas and make a transition in your career. I wouldn't give my experience up for the world -- and I think most of my classmates would agree with me.

Overall I view going to b-school like learning to become an artist. While the greatest artists are great because they deviated from the standard protocols, they first had to learn the standard protocols in order to know when / how to deviate.

A lot of marketing managers who learn how to market based on their experiences are myopic in their thinking, because they've only seen one style. Whereas a b-school, the point is study a ton of different models and gain exposure to multiple industries / approaches, which then can be applied cross-function and cross-industry.
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thanks [#permalink]

31 Jan 2005, 08:24

Thanks for your reply truth.

You have explained very well in last two paragraphs, you told everything that I was looking for.
I got what you want to say

Thanks again,
Paul

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