This is one question that keeps trickling in our minds and conquer our real dreams, the dreams we saw when there was no such thing like an MBA. That was perhaps the best time. So what has really changed between then and now. Is it the modern organisations, who have become a slave to an MBA who can chalk out a strategy plan for them to bail them out of a crisis, is it that MBA fever has sprung in from abroad or is it the perception that have blossomed the popularity of this three letter acronym. The perception that an MBA transforms you into an individual who is better equipped to take a plunge into the modern arena and benchmark you as suitable to be employed in lucrative jobs, jobs that involve client handling and management. What is it? Well to anwer it, we first need to understand and examine a few trends.
With ever increasing pace with which the world is changing,it is being stated that there is a scarcity of good leaders, leaders that can navigate change. Even the organisations with the best minds on board are facing a tough time staying afloat.Why are the leaders of these organisations not able to leverage upon the critical skills and learnings they acquired in an MBA program. Some of them have completed their MBA from the world’s renowned institutes. But when it comes to delivering what is expected out of them, they fail. Is it that the MBA degree has lost its relevance in the modern world or is it that the knowledge one gained through it became futile in wake of overwhelmingly difficult environment. Some are pressing upon the need for revamping the B school curriculum to meet the present day setup to meet this change. But would it really work?
Is it that change will always rule us and we need to shape up according to it and everytime our tested models fail, we should put the blame on the change and use it as an excuse to defend ourself and move toward reinventing the institutions of learning that have shaped us.
People say that time has changed. Yes, it has changed and it is big time we start evaluating an MBA degree from practical point of view rather than from a notional one. Do we really need a lever like an MBA to take efficient and path breaking decisions? Can the organisations of today do without people with an MBA and instead rely on empirical learning? Why can’t these organisations churn exceptional leaders when they have it in them to churn exceptional products. I, therefore, feel we should stop seeing an MBA as a skill set engine without which our life would get stalled.
The emergence of an MBA degree is nothing but a multiplication of several such false perceptions that have undermined our ability to believe in ourselves. The belief that we can run organisations of tomorrow without an MBA degree!!!