Some interesting questions there LouisCribben. As a current MBA student who is about 1/3 of the way through the course maybe I can give you my take on it.I'm wondering why someone with an MBA is more valuable to an employer, or more likely to be successful if they start their own business.
It has definately changed my thinking about business anyway. I come from an IT background and I think it's very easy to get locked into a particular departamental mindset as you progress in that field. The MBA allowed me to take a step back and opened me up to the other important functions that make up the company. It's hard to appreciate the importance of Marketing, HR, Finance, etc. in a company unless you have had to look at the specific issues each of them faces and the value they add.Doing an MBA doesn't increase you IQ. It doesn't change your personality which is to a large degree fixed from birth. What does it give you ? Does it get you thinking in a different way about business ?
As I said above, I think that being forced to look at business in very broad terms does add something to your competency. The added advantage of being surrounded by smart people from all walks of life (bankers, lawyers, entrepreneurs, engineers, consultants, etc), with great experiences already behind them, also greatly encourages this process of reevaluating your own approach.If you take 2 very positive people with the same personality, same intelligence, same education, same everything.
One does a MBA, the other doesn't. In what way would the MBA make you more competent ?
Notwithstanding the access to a wide network of alumni, I think the other key differentiating factor is that they would have a demonstrable level of credibility. This can certainly make in difference in the search for funding, partners, etc.In what way will the person with an MBA have more to offer than the person who hasn't. In what way would it make you more like to succeed if you start a business ?
I'm not sure this can be answered in general terms. For some businesses I don't think it makes much difference.Most people who start a business obviously dont have an MBA, would they they better off if they did ?
I'm wondering why someone with an MBA is more valuable to an employer,
I think the US is better at offering MBA programmes that appeal to the entrepreneurial personality. One of my classmates launched her own film business and one friend who did an MBA in the US...he launched an international software company, which seems to be successful. But in general my classmates and myself were cogs in the corporate machine.or more likely to be successful if they start their own business.
Doing an MBA doesn't increase you IQ. It doesn't change your personality
Not as a stand alone reason, but it is an important part of doing the MBA.Some say it gives you contacts, surely that's not a good enough reason to do one.
Most people who start a business obviously dont have an MBA, would they they better off if they did ?
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