kvsingal wrote:
A normal MBA course does not and i suspect will not explore the issues i have seen while trying to build a organization, it might help me in building a business but not a organization.what say you??
I'm not sure about that point.
To my understanding, an MBA helps you in building a business
or an organization. I'm in a PT MBA program now at the University of Massachusetts. We're learning practical things to build businesses and/or organizations, things like: marketing, general management, accounting, HR management, stats, econ, finance, etc.
A PhD is really more about learning to do
scholarly research, quantitative and qualitative. Now, that research may have practical applications in the field of business--or it may not--but it's something quite different from what you'll learn studying for an MBA, and the PhD studies are in no manner applied in the sense that they'd teach you the nuts and bolts of running an organization.
It's not that one's better or worse (though the PhD is certainly more rigorous and a longer haul); it's just that they're for vastly different purposes. If you want to run a business, you should probably pursue the MBA first or only; it's not that long--two years at most. Many top UK programs are but one year (for examp, Oxford and Cambridge). And my bet is that even most academics who are pursuing a business on the side (like those mentioned above) have an MBA in addition to the PhD; the practical, applied knowledge from the former is very valuable to applying the esoteric theoretical knowledge of the latter. And in case you're in such a hurry, please realize that the MBA preceding the PhD is a very common path.
Unless you want to spend a career doing scholarly research, I'd advise against a PhD, and frankly, unless you altered your statement of purpose, you'd likely be told the same thing by adcoms for PhD programs--they'd tell you "Thanks, but no thanks, go get an MBA or an MS in Management".
There's another forum where you could take your inquiries. It's the Business Week B-School forum. There's a thread called "Strategy PhD taking questions" or somthing like that. It's been going on for years now, and I believe has over 10,000 posts in the thread, there are several business PhD students of all stripes who post there, as well as at least one tenured professor. Check it out, they'd be able to give you far better advice than me.
Best to you!