Do We Need The MBAs?Rethinking Business Education

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How do you teach obsession?

Because often it is obsession that drives an entrepreneur's vision.

How do you learn to be an outsider if you are not one already?

- Dame Anita Roddick, founder of Body Shop

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MBAs Cheat.

56% of all MBA students cheat at Exams.

Source: study by the Academy of Management Learning and Education of 5,300 students in the U.S. and Canada

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What’s wrong with MBAs?

Business Education is not about Business.

It is about Money.

Source: http://sprizouse.blogspot.com/2008/11/amoral-mba-students.html

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Can you name any successful, path-breaking, innovative company started by an MBA?

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6MBA Salaries Are Insane

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What do MBAs Actually Do?

MBAs ran Enron (2001) and these superstars of the subprime crisis 2008-9

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MBAs Often Make Bad Bosses.

Their education does not always make them nice people.

Pictured alongside is Alec Baldwin in “Glengerry Glen Ross”

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Create Boring Companies

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Where People Don’t Love Working

Pictured alongside is a scene from Mike Judge’s “Office Space”

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MBA Teaching Is Overrated

A. Fanciful, fictional case studies

B. High on theory, low on practical.

C. Formulae for everything.

D. Students learn not to talk or write likehumans do.

D. Professors who have rarely worked as anentrepreneur or senior manager.

F. Schools create a mystique of excellence by Choosing only the high scorers.

G. Group work is over-hyped - B-Schoolsreduce every problem to meetings and group discussion.

Source: Michigandaily.com

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MBAs themselves are over-rated.

Add $500,000 for every engineer in the company.

Subtract $ 250,000 for every (overpaid) MBA onboard.

- Guy Kawasaki’s formula for valuing new companies

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Some of the best successes on the internet aresingle or two person stories.

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MBA degrees don’t guarantee a job.

Three main issues facing the workforce:

A. Self- Employment B. Re-skilling C. Staying ahead of the

competition.

Source: Michigandaily.comWall Street Journal

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Let us reform our schools and we shall find little reform needed in our prisons.

- John Ruskin

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Education is very expensive.

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Let’s Start With Using Common Sense

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And A Will To Teach Ourselves

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B-Schools Do Not Teach Everything

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Books Do

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We Can learn Business in 1 Day

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Or, in 10 Days

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How about 30 Days?

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Or, Read The Best Business BooksAKA The Personal MBA Manifesto

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Read The Success Manual

Your Ultimate Compilation of Business and Self-Help Advice: - Essential compilation of great advice on 130 Most Important Business & Self-Development Topics - Concise summaries from 200+ Greatest Business and Self Development Books of all time- Advice from the greatest minds: 3000+ very useful quotes Special Price: $14.95 615 Large, Magazine-Size Pages

$14.95 only

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Copyright © 2012 Pramit Singh