Management Education - is it lacking?

gaurav200x

gaurav200x

Gaurav Mittal
Well few days, myself and Kartik were having a brain storm on the topic whether the management education in India is self-sufficient or is it lacking?

We also talked about many entrepreneurs, who have been top-notch despite not going through any management instituttes, like Steve Jobs (Apple), Bill Gates, Dhirubhai Ambani, Lawrence ellison, et al.

I personally, feel that real management doesn't come through text books.. One needs to go beyond them, infact much beyond them. Today's management institutes severly lack this thing, because they give a very strong emphasis on the theoratical subjects, and not so much on the practical aspect. A manager can't be an efficient problem-solver, a leader or an entrepreneur just from books bcoz unless he encouters real-life challanges, he will not be able to look beyond them. He would be more like a frog in his own well.

Hence i believe that the management institutes need a change in their strategy.. They need to focus more on the practical aspect. Remember, theory can be mastered from practice only, but practice can't be taken care with just theory (or too little theory!)

So, whatz ur take on it?
 
I totally agree with u on this I have spent almost four years working in the industry before deciding to do my MBA and I feel as though its a waste of time but at the same time iv ad a few debated with the staff of my institute, with my classmates and former coworkers and bosses about this and from these discussions the general opinion seems to be that those who have no work experience find a reasonable amount of value added however those who have work experience find lots of shortcomings the staff of my institute have not been able to convince me about the need for management education at all and that generally makes many of them feel frustrated as for my ex bosses and coworkers they feel that in most cases a masters degree guarantees means that they have a good employee who has the knowledge but they always tend to change their mind if shown the statistics of how many people actually answer the enterance tests and how many get selected and the kind of screening that you have to go through to get into a good management institute. My opinion is therefore that a person who can get into a good management institute would do well any way. What really makes the difference today is less the knowledge and more the brand value of ur institute. Which is a bad reason do a Management degree in itself. Besides this most institutes that I have come across do not provide the skills that are required to be a good manager but instead just keep on loading you with useless theory which is of no help in the real world as the realities of life are totally different.
 
management colleges require more practical learning! student industry interaction should be as much as possible. infact it should start from the bachelors level itself.

there has to be a lot of emphasis on actual case studies rather than exams. more emphasis should be to generate ideas rather than learning from the text books. sharing of ideas with students rather than examination sheets...

regards...
-vipin.
 
According to me the best answer to this one would be reading rich dad poor dad in our e-books section..!! Nd u'll get a complete new point of view..!!
 
Hey guys i agree totally that there should be more of a practical knowledge as most of the institutes are just running for earning money trust me .... and guys i feel there should me more emphasis on practical knowledge ....



Regards
Rajiv@tejas
God Is Great, Ur Parents are other Name of God !!!Mata Pita Sarwasv !!! Dedicate your life to Your Mom and Dad !!!!
 
Hi guys,

I agree that many entreprenaurs hav done great without going through an MBA course or ne management course watsoever - but u will also notice that they have done their best to get their kids into the best management schools in the world.

As we all know that management is an art and a science. The art is not in need of the theory - but the science is - also there are so many entreprenaurs who have failed - a few that hav succeeded hav done through their personal greatness and a complete understanding of the environment they work in.

Also we need to learn the science of management too - it is very well understood that - you learn ur jargans in college and institutions and spend the rest of ur life unlearning them.

Also theory can be mastered only by pratice but theories are made in order to guide a person as to how the practical world moves - theory is meant to be a guide and if one knows their theory (not in a book worm way) he will be better prepared for the practical world.

The need to drive theory with practice is important and realizing the need institutions are trying to bring in a different type of practicality to students by using sick units as grounds to help the company as well as give the students a view outside the box.

- Regards Nitin
 
Well Nitin,
i agree with that theory is essential... but the problem we are focussing is an over-emphasis on theory... Real management comes from practice and applying the thoughts u study.. and if the B-schools give an over-emphasis, and not so much on theory... then all we would have would be paper managers...

Successful entrepreneurs were successful because they learnt this art... and management is more art than science... bcoz they never went to any B-schools...

Vikram Aditya Birla once said, that management is both an art and a science. It is like a pyramid, who base starts with science and as u traverse upwards, it changes into art... So we're talking of the ppl who dealt it, with art form... and that is why they were on the top! They weren't just using the science of mgmt, rather handling its art and that is what distinguishes them from others.. Hence B-schools should change their curriculum, to make sure that they produce practical managers, rather than paper managers!
 
One does feel, at this point, that, if the mgmt education is lacking, then why do big shots like Dhirubhai Ambani, send their kids to universities like Harward? Well... no offence to any educational institute, but it is true, that any manager, whether he has passed from a gr8 institution like Harward or some a local B-school, does lack the practical mgmt skills.

As we know, mgmt is both an art and a science... The B-schools can inculcate the science, but not the art and considering mgmt as a pyramid, the bottom can be considered as a science, however as we go along the top, it is purely an art.

Hence, unless the B-schools, give due consideration to this 'art' as well... We can't expect good mgrs. Ppl like Ambani have been a success story bcoz they've been able to master this art... They didn't learn from anywhere, yet they created it and that is what we need in the managers of today... An ability to think laterally... and not be book worms!
 
bhavin_3 said:
According to me the best answer to this one would be reading rich dad poor dad in our e-books section..!! Nd u'll get a complete new point of view..!!
Click to expand...
Bingo , Bhavin spot on .. u stole my words .. almost every top honcho is a non mba ... but still MBA will always retain its value . else i wouldnt have gone for it ;)
 
aspire said:
Bingo , Bhavin spot on .. u stole my words .. almost every top honcho is a non mba ... but still MBA will always retain its value . else i wouldnt have gone for it ;)
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Maybe that's becos when the top honchos came into the industry MBA wasnt the in thing then .... i mean who knew what an MBA was 30 or 40 years back ...
cheers
CS
 
ch21599 said:
Maybe that's becos when the top honchos came into the industry MBA wasnt the in thing then .... i mean who knew what an MBA was 30 or 40 years back ...
cheers
CS
Click to expand...


Thats very true ch .. but now gone are the days of dhirubhai ... now ppl are going for hardcore business knowledge ....

But coming to the original question .. is the management education lacking .. I might nt be in a position to comment on it .. as I am abt to just start my management education .. will tell u guys after 2 years


cheers

shailesh
 
uhhh.. okay , u can gain the hardcore business knowledge , i will tell after becoming the next dhiru bhai ambani .... that may be 30 years from now .... i think its not possible to gain hardcore business knowledge in a bschool , u only get that when u into the real business world ...
cheers
CS
 
I agree 100% with ur views. Our Institutes are Lacking the key aspects in MBA. In India Many number of institutes are providing education only for money. Only if quality comes in to the education, we can develop good managers and entrepreneurs.

Our institution are not providing great importance to practical aspects of mangement.

Management institution induce entrepreneurship, leadership, managerial qualities. If it fail to do so then it should not be considered as management institute.
 
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