One would be surprised to know that a lot of students chase the B-school dream for wrong reasons.
Imagine a MBA aspirant working with an IT firm in Bangalore suddenly gets this urge to start his career in investment banking and work for Goldman Sachs. This urge stemmed from the IT systems that he created for a bulge bracket Investment bank, and was exposed to something bigger than his current work reality, and he starts to picture a new future. He starts exploring courses in Finance, and zeroes in on an MBA.
MBA IS NOT A FORMAL EDUCATION IN BUSINESS
An MBA is not a formal education in business. Neither is it about building the basic skills in marketing, finance, or operations.
An MBA is that practical exposure that surpasses geographical boundaries. Economies have become more intertwined through trade and finance, which has made business cycles more synchronised, and not less.
Companies are pooling into global resources for raw materials, capital, and human capital.
Almost everyone witnessed the 2008 recession and how the American housing market led to a collapse in the markets in Mumbai. In such a state of the world, more and more MBA programmes are venturing into creating programmes that prepare candidates to work in the global landscape.
HERE’S THE LIST OF SKILL SETS THAT WILL HELP THE READERS UNDERSTAND THE NEED TO PLAY IN AN INTERNATIONAL GAMING ENVIRONMENT:
BUILDING A FUNCTIONAL CAPABILITY
Are their fixed equations in finance that one needs to cram while working on a deliverable? Do we need to learn any formulas in operations? Is that enough? Are their specific theories in marketing that will work while you are taking your product to the market?
Think about marketing Dove in India vs marketing Apple iPhone in the world. Consumers have different and changing needs, and both these products have a different competitive landscape.
The definition of an MBA is severely misunderstood by many and we want to clear it out by offering a new version of this.