Wednesday, November 10, 2004

Why MBA?

The Master's in Business Administration is one of the most sought after degrees in the world. The degree originated in the great capitalist country, USA and has now spread its wings far across the entire world. The course brings knowledge, experience, value and above all a good take off point to a career.

The business world some 50 years back was not as complicated as it now. Most of the best managers "climbed up the ladder" and there were no "lateral entries" back then. In fact Managers itself was not a common term among many of the biggest corporations. One of the most professionally managed big business of that time, General Motors was built by managers like Alfred P. Sloan and so was General Electric but they were seldom called 'managers'.

In fact Management as a discipline was invented by Peter Drucker by the way of his seminal study of General Motors in the "Concept of the Corporation". This was the first book which explained what management was and how it was creating the biggest change in society by creating and managing large organisations. Drucker went on to provide the benchmark of Management and management or business books by the publication of "The Practice of Management". He then took a step forward a wrote about the Manager or as he later changed the much abused word to "Executive" in "The Effective Executive".

Through time the schools of Harvard, Columbia (where Buffet graduated from) and later Stanford etc began to define the study of management and the skills need for the manager.

The need to better create change in the society through organisations has become the major tools of the 21st century. The concept of management, which until the 1970s was restricted to large businesses, has started flowing downstream to small and medium enterprises. This was best explained by Drucker in his book Innovation and entrepreneurship. The definitive guide to entrepreneurship and its main tool - Innovation.

The concept of management went through another major change when it was started applying to as varied institutions as the hospital, the university, the community center, the church, the government. Every institution is now in the ambit of management which in effect would mean the entire society.

Due to the rapid growth of population, resources and requirements we have created varied institutions to effectively manage ourselves. The way to accomplish this is the organisation and the tool - Management.

From where I see, I do not see an MBA as an education to manage a business but a "set of codified knowledge" which will help me to create, run and manage varied institutions which will help to bring about change in the society.

Books mentioned or related to topics in the post :






27 Comments:

Anonymous Anonymous said...

Here is a good link on "Why MBA?" which won best article at Wharton http://www.whartonjournal.com/news/2004/11/22/Perspectives/The-Mba.Philosopher.King-812549.shtml/main.cfm 

Posted by Ramdhan Yadav Kotamaraja

17 January, 2005 07:12  
Anonymous Anonymous said...

noob 

Posted by Anonymous

27 April, 2005 13:11  
Anonymous Anonymous said...

MBA is NOT the most sought after degree in the world. In Canada, for example, CAs (Chartered
Accountants) are in higher demand than MBAs and CAs also make a lot more than MBAs. If you want to be in a senior executive position, the fastest way to get there would be is if you had a CA designation. This is probably the same in Australia since there are many CAs there.

29 April, 2005 10:32  
Blogger Vince said...

I'm interested in your content on your blog. I attended a prestigious business school(undergrad) in the US, and was currently contemplating obtaining an MBA. I would be interested in conversing with you more about the actual content/subject material you cover in your Australian school.

04 May, 2005 06:20  
Blogger arisia said...

hey there....i'll agree with vince in saying that the contents of ur blog are very interesting. i wish to pursue an mba too after my post grads done and will come back and visit the blog for more info.

16 May, 2005 15:38  
Anonymous Anonymous said...

I very much enjoyed the posting about a "heart with a path." I recently finished the first year of my full time MBA program. I am reflecting on the past year and deliberating whether or not to go back. I felt the whole time as though I was swimming against the current of my nature. I had not anticipated all of the demands an MBA places on you outside of the classroom. My journey to learn has been a journey through hell in which I have basically jumped through one hoop after another just to say I did it. I am wondering if there is anyone out there who has had a similar experience, and what their advice would be to someone in my shoes.

17 May, 2005 05:02  
Anonymous Anonymous said...

Hi suhit,
i like the flow of your journey called - " mba in australia". its a good thing a very informative spot for future aspirants. frankly, speaking i am looking at an internatonal mba, bcos i feel cheated by the indian education system, the major loop hole i see is that till date the b-schools in india still wanna enroll the future managers on a competitive exam called CAT. the media only builds this hype. so let me tell you where the flaw comes. i just wrote the cat in 2005, and believe you and me, the whole experience is absurd., 8.15 and ppl come to the centre, with 500 pages of formula still being crammed , a closer look and you see 90 % of the candidates are just college students. 10 % may be the experienced lot. write the exam, and now when you come out you see hordes of parents waiting anxiously for their wards, their sheer numbers leave me aghast, with a feeling that this exam is for a P.G program and i suppose the student should be mature enough to write this on his own, reminded me of the time iwrote my 12th exams, and i would run to my parents with the outcome of the results. these guys and an mba...are as distant as pluto from the sun form the business point of view. now lets analyse the CAT itself, the paper tests you on twisted 10th math in a time constrained environment. trust me if i bring a class 10 topper, he would be able to walk out of the paper happy scoring full, would the IIMs admit him, they should cos technically he has cleared the paper. why on earth should a person aspiring to be a manager, write a paper which solely consists of math, logical ,etc..what happens to people who have ben thru the system, experienced people, cos i fel it is they who truly ned an MBA to understand business better. i just happenned to look at GMAT and i was really pleased to see that firstly they ask for work ex, tis itself shows they are looking atpeople who really feel the need to possess an mba, then there are
sections where you get to write abt your self,giving the exmainer your character description of your mindset, thru the essays one writes. this i feel is unlike the "MBA SABZI-MARKET IN INDIA- WHERE MBA IS SOLD LIKE A COMMODITY".all this and we as indians wonder why isnt our economy not growing.. heck man, you need a pragmatic manager to run a corporate not some nerd or a geek who is fresh out of colege,and has cracked a couple of exams testing him on his fav grounds-math.etc having no experience at all in the field.The reason i speak of this is because ironically iwork in an orgainsation selling these programs from the IIMS to working exec's thru satellite studies. i just got 3 words to this....DARN THE CAT..

18 January, 2006 16:53  
Blogger abdul said...

Hi,
I am Abdul. I have finished my B.E(CSE) and working in a software concern.I have a zeal to study mba in australia. Can you please tel me about the various oppurtunities and best sught after institutions for mba.I would be great if i would be able to have a discussion with u

09 July, 2008 00:28  
Anonymous Anonymous said...

I am interested in this blog and specifically the comment which is given Anonymously , starterd with Hi Suhit.... You are great buddy. I like your comment about CAT.
Can anyone give me the idea about all those materials which is needful for GMAT and online sources also.

01 August, 2008 06:10  
Blogger dghnfgj said...

You said you will love me wow gold the whole life, but WoW Gold you marry her. You said you will wow power leveling,come to marry me, but this will not be carried out forever.WoW Gold I am trying my best to forget you and do not love you anymore. wow leveling But I failed and I still love you. Maybe wow leveling she needs you more compared wow leveling with me. So I tell you that world of warcraft power leveling you should love world of warcraft power leveling her and take good world of warcraft leveling care of her. You said I was so kind.world of warcraft leveling Yes, because I love you,world of warcraft leveling I hope you will be power leveling happy forever.

13 February, 2009 19:31  
Anonymous Anonymous said...

hie thanx 4 such an wonderful job u r doin..
let me temme abt myself i hv completed my graduation last yr frm d university of mumbai n i hv 1 yr experienxe in marketing n i wnt 2 pursue an MBA in australia so plz cn u temme abt d top universities n abt d visa n general knowledge

18 March, 2009 20:37  
Blogger marry said...

Blogs are so informative where we get lots of information on any topic. Nice job keep it up!!
_____________________________

MBA dissertation

02 October, 2009 16:36  
Blogger Dissertation Help said...

The good thing about your information is that it is explicit enough for students to grasp. Thanks for your efforts in spreading academic knowledge.
Dissertation Help | Custom Dissertation

13 June, 2010 03:14  
Blogger Davenz said...

Your blog is so amazing....Like it!

Regards

custom doors

05 August, 2010 03:16  
Anonymous Anonymous said...

Learn how to maximize profitability using simple financial tools and reports. Learn how to focus your resources to get the most return investment. Log on to http://www.twodaymba.org
Thanks

16 September, 2010 16:00  
Anonymous διαγωνισμοι said...

What a wonderful piece of information Admiring the time and effort you put into your blog and detailed information you offer ! I will bookmark your blog and have my children check up here often. Thumbs up !

23 September, 2011 15:14  
Anonymous diploma of community services work said...

The interview is very important, and unlike other admission requirements, it cannot be rewritten, or retaken and is your one and only chance to make a good impression. Thanks.

english language school in melbourne

19 October, 2011 17:58  
Anonymous Westin Hotel Seattle Wa said...

This is an amazing story! This is the best ever site I see. Thanks for the great post and resource links.

17 February, 2012 17:48  
Anonymous PhD said...

What a wonderful piece of information Admiring the time and effort you put into your blog and detailed information you offer ! I will bookmark your blog and have my children check up here often.

02 July, 2012 14:12  
Blogger prasannasneha yadhavan said...



Great thoughts you got there, believe I may possibly try just some of it throughout my daily life.






MBA Dissertations

01 December, 2012 16:13  
Blogger raza wala said...

Nice informative Post. MBA in Australia has great demand

20 January, 2013 21:09  
Anonymous MBA Dissertation said...

I am searching for my assignment and found your blog post ( Why MBA? ) on google search your post is informative an give me lots knowledge for my current assignment thanks for sharing such a wonderful information keep updating share the knowledge whole world including me.

04 February, 2013 19:36  
Blogger way2 college said...

NICE BLOG!!! MBA is considered to be one of the most preferred post graduation course among the world today. Business management is currently the most sought after career option in the entire globe. Thanks for sharing a nice information.
top engineering colleges in pune
pune engineering colleges


08 March, 2013 15:26  
Blogger peter anderson said...

This is great information for students. This article is very helpful i really like this blog thanks. I also have some information relevant for buy dissertation online .

02 May, 2013 18:18  
Blogger Roland rice said...

Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration.
Logo Design Company

02 May, 2013 21:13  
Blogger Is Me said...

Your blog is very informative and gracefully. Your guideline is very good. Thank you
Management Colleges in Bangalore | MBA colleges in banglore

23 December, 2016 20:36  
Blogger Jamison Hands said...

It would be essential for the students to initiate with all those provisions for which they must have to look for. statement of purpose electrical

04 February, 2017 23:06  

Post a Comment

<< Home