I truly agree with this statement of Biyani Sir, I am myself believe in this and have been running a website since past 8 months. I believe MBA does not teaches you how to start a business, rather it teaches you how to manage a business.
If this is so, than how fresh MBA’s are able to compete or competing with big businesses, This is not so that a person who is studying Higher can’t or couldn’t do the business, if it is so than how can a boy who was just matriculate revolutionize the business industry of the world, the name is DHIRUBHAI, who received in June 1998 - Dean's Medal by The Wharton School, University of Pennsylvania, for setting an outstanding example of leadership. Dhirubhai Ambani has the rare distinction of being the first Indian to get Wharton School Dean's Medal A poll conducted by The Times of India in 2000 voted Him "Greatest Creator of Wealth in the Centuries". Now the situation has changed, don’t spread the negative messages like this, Let the youth generation strengthen their roots with the help of higher education, In short u have wasted your time in doing your graduation,
If this is so, than how fresh MBA’s are able to compete or competing with big businesses, This is not so that a person who is studying Higher can’t or couldn’t do the business, if it is so than how can a boy who was just matriculate revolutionize the business industry of the world, the name is DHIRUBHAI, who received in June 1998 - Dean's Medal by The Wharton School, University of Pennsylvania, for setting an outstanding example of leadership. Dhirubhai Ambani has the rare distinction of being the first Indian to get Wharton School Dean's Medal A poll conducted by The Times of India in 2000 voted Him "Greatest Creator of Wealth in the Centuries". Now the situation has changed, don’t spread the negative messages like this, Let the youth generation strengthen their roots with the help of higher education, In short u have wasted your time in doing your graduation,
Re: MBA
by back bencher on Feb 27, 2011 04:06 PM
Hi, I get your point but entrepreneurs cannot be factory produced in educational institutions. Entrepreneurs, if you look up the successful ones -- and there are hundreds of failures to one success -- are people with a different kind of drive. They are fired with passion and have aspirations which they just have to achieve. Educational institutions cannot give you this fire. It has to come from within. What MBA courses do is groom you to be good managers. They teach you the importance of planning, finance, labour relations, marketing etc but are not even supposed to create that spark of entrepreneurship in you. They are a tool, not the end. Their job is to teach an undergraduate how to manage things. Whether this candidate becomes an entrepreneur or a good employee, is his/her discretion and fate. The schools are not be blamed for this. Entrepreneurship has to come from a more stronger belief in one self. Putting your ideas on paper is very different from putting them into action. Most get cold feet at this juncture.
Out of the nerds passing out of the IIMs only 2% turn to entrepreneurship. This is a very bad percentage compared to the global stats.
I have friends in IIMs and people who have passed out from LBS, Insead and Harvard. The latter say that the way of imparting management and business education is ages backward when we compare to global standards.
Honest IIM pass outs also agree to this.
Another huge problem is that institutes depend heavily on past academic performance and CAT scores which is ridiculous because they should rather look for well rounded personalities that can become good managers and entrepreneurs.
No one denies that most of make to the IIMs are intelligent but generally not the best manager/business material, as a result the end product is a "highly trained stooge" who can carry on the orders of the boss and complete his work on time but can never think out of the box or innovate.
Also in my team I see that it is easier to train and work with MBAs passing out of the 2nd, 3rd tier B schools than IIMs(though there are exceptions).
IIM grads have an unnecessary arrogance about them, without knowing anything practically, which ultimately harms them.
The bottomline is education in India needs a massive change, including business education so that we produce not only sloggers but also innovators and entrepreneurs.
Re: MBA education in India
by back bencher on Feb 27, 2011 03:51 PM
To an extent, I believe you are correct. IIMs or any institution in the world can teach you only so much. People who stop learning after their formal education perform the way you say IIM grads do. Others have the power to change the world. Yes, education in India does need change...and this should be a continuous process not a one time exercise.
This A--seh--e say :- 'If I had gone on to do my MBA, I would have never become an entrepreneur'.
i don't understand why can't people grow out of being a M.B.A or non - M.B.A.M.B.A's are even also entrepreneur.can i ask him a question than what about his son.This man doesn't understand simple thing that he runs a grocery shop just u put all those grocery items in a big hall , it doesn't makes that he has achieved any thing great.well some will stand against me that's true but have a one on one session with this man , you will never would like to listen him again..
full of c-r-a-p-s, god knows what he speaks.
you ask any Private Equity firm what the f--k he does.They will say , he sells under w-e-a-r in a big way.
Re: Kishore Biyani CEO of FutureWorks
by Gajanan on Feb 27, 2011 03:53 PM
@hihello: Seems like u know lot about Big Bazzzars. If you don't like it why do u go there.. perhaps to see the c-r-a-p-s. But hey.. u and the likes of u go there and KB makes money out of it. he is far more smarter than u think. and BTW his company has formats other than BBs. His company's IPO was oversubscribed by 130 times (or so) so it should not really bother him was PE firm thinks of him.
Re: Re: Kishore Biyani CEO of FutureWorks
by hihello on Feb 27, 2011 04:04 PM
@Gajanan.
sir, i don't know about Big Bazar, its all they speak about themselves.
Regarding smarter, if u stand n-de in the front cover of playboy , u will become smartest, so what's the point.
regarding IPO subscription, don't make ur self being laughed at, u know nothing about PE firms & by the way the no of organization applied for IPO of Big Bazar are in history.
Regarding what i think , please take due time to read once again, please.
Re: Kishore Biyani CEO of FutureWorks
by Story editor on Feb 27, 2011 03:34 PM
If you are school kid, which you probably are, then it is fine.
Otherwise please understand that although you have freedom of speech, you sound completely assinine.
This man changed the face of retail market in India, so please do not comment when you do not understand business just because you have ample time and tying over cyberspace is not taxed.
Re: Re: Re: Kishore Biyani CEO of FutureWorks
by Story editor on Feb 28, 2011 04:46 PM | Hide message
Kiddo you need to learn some manners...and please don't pollute forums where you do not belong to.
Everybody is just chasing white collar jobs after doing Mba. If india has to create sufficient job opportunities for these endless mba's, it will have to create new generation of enterpreneurs as there is acute need of enterpreneurs who can create opportunities. So India at the moments need people who can get into the role of enterpreneurs instead of job seekers.
