The MBA - Is it still relevant? (The Star)

MBA - Is it still relevant? (The Star)
a) Many MBAs not well equipped to make good judgements, and didn't have enough good sense to take corporate social responsibility to next level.

b) Still, greedy appetites in a 'corrupt' eco-system can overpower even the best management education.

c) It was a time of market liberalisation.

d) This new preoccupation with quantitative methods and mathematical models, including the use of advanced analysis, unfortunately gave MBAs the illusion of being able to control financial risks. Moreover, their teaching was flawed by ignoring a good sense of ethics and impacting lots of moneymaking knowhow.

e) Ooverheard this at MIT-Slogan last summer: ’In physical science, three laws explain 99% of behaviour; in finance, 99 laws can explain at best only 3%.’

f) Actually, MBA training helps understand the ecosystem and master developments. The education as two elements – one is about business and economics and the other, management and leadership. The first looks outside the firm to its context (customers, suppliers, regulators, markets), while the second looks inside the firm to its effectiveness, efficiency, planning and implementation. Both are important to the success of individuals in a leadership position.