>> MIM Speaks
CHOOSING THE MBA OF MOST VALUE
OCT 04, 1998 -
THE STAR
AS recent as 50 years ago, the notion that managers can be
taught to perform better was not seriously taken. There was no
way to develop the manager than through experience, was how
sceptics pooh-poohed the infant growth of the management
profession.
Even academics treated management education with disdain,
citing the lack of a body of knowledge as grounds to deny
legitimising it as a discipline worthy of study.
In 1948 there were simply no courses outside of a few
institutions in the United States that offered managers an
education in management. It was, indeed, a slow, almost
evangelical process for business schools to be created in
Europe and Asia in the 50s and 60s.
But once established and having demonstrated its ability to
attract both faculty and students, there has been no turning
back, with virtually every major university today offering the
MBA degree.
Management education and training is now big business. The MBA
was mystified and deified in the 60s and 70s, moved into mass
production in the 80s, but devalued in the 90s.
What began as a serious attempt to develop the manager has
turned out to be a numbers game with low admission standards,
easy passage and assured success for quite a number of
players.
The tragedy is that there is a market for the easy-to-obtain
MBA as there are customers who care less for behavioural
change as the certificate that entitles them to be the holder
of an MBA.
Globalisation and technology has helped in marketing the MBA
throughout the world. In Malaysia there are over 50 masters-
level degree programmes in management from across the world
offered in, different learning modes through a variety of
business partners.
The dilemma is one of choice, and it is a temptation to choose
the easiest, the cheapest or the fastest. But at what cost?
Learning that cannot be translated into value is wasted.
The value derived from the MBA is the incremental competence
gained by the individual as the result of new knowledge and
skills acquired. In good MBA programmes the incremental
competence gained should be substantial as if the individual
has been transformed into the ranks of first-division
management.
The MBA qualification is not a standard product. Indeed,
standards vary so enormously that there is real danger that
misrepresentation can cause confusion as local media
advertisements play up the attractiveness of a particular MBA
course.
Any MBA course that suggests anything but a serious commitment
to hard work, sacrifice and real learning should be doubly
assessed. There is no other road to Mount Everest than the
tough journey of scaling heights and crossing crevices,
demanding exquisite timing and against a deoxygenated
environment. No wonder one of every four climbers to Everest
has perished!
Two criteria can be generally applied to measure the
toughness, relevance and value for money of an MBA programme.
First is content. The question that needs to be asked by
prospective students is nowhere do I want to be, say 10 years
from now, and what knowledge and skills do I need to acquire
to fulfil my personal vision?"
If, for instance, I am a functional manager and see my career
growth into general management as general manager or chief
executive, I win need to expand my world to get to understand
more of myself as an individual, every facet of corporate
work, and the business environment companies operate in.
I will also need to be able to move from narrowly defined
technical and operational work to take a more strategic view
of the organization in meeting its challenges for the future.
I win need to work through and ready learn from course modules
that can de- liver the sort of content that can get me to
travel from where I am to where I hope to be in the years to
come.
The discriminating potential MBA student should be well
advised to check the content promised in the MBA course to
assess whether it does in fact meet with personal
requirements.
An issue related to content is ease of access to management
literature. There is an explosion of publications and new
books and periodicals are added to the literature on a
continuing basis.
The MBA is not about studying a particular prescribed text; it
is about exploring different view- points that can be culled
from a broad range of publications.
An MBA programme, therefore, has to be enriched and supported
by a functional library, computer and related resources that
ensure the availability of the best possible infrastructure
laid out to benefit students.
Second is process or methodology of delivery. The growth of
management literature over the last 50 years is astounding.
Probably no other discipline has seen such an outpouring of
books and other publications from academics, social
scientists, consultants and practitioners, as if there is-a
cure for every management problem.
These publications have spawned a generation of managers who
are probably literate in the key buzz words, but very few do
have full understanding of their concepts and how they can be
actually applied to their personal corporate problems.
If we can accept the promises of management publications,
there will be absolutely no further need to pursue the MBA
qualification. But books can only provide knowledge; they
cannot deliver skins.
Skills can only be effectively developed by a learning process
that seeks to draw out principles followed by attempts at
applying principles in stimulated environments, thence acted
out in real life situations, the success of which will serve
to strengthen and reinforce the effectiveness of the
prescribed principles.
The cycle of learning consequently changes behaviour. In a
good MBA course, managerial competence is enhanced.
The business of universities and other academic institutions
is to search for and to disseminate knowledge. Hence, the
traditional delivery mode has been the classroom with the
lecture as the prime method.
In the profession of management, competence is measured not by
knowledge acquired but by the application of knowledge.
Unless the lecture is supported by interaction, exercises,
case studies, simulation, field and project work and games,
the link.
Between knowledge and application may be assured.
Better still where appropriate and relevant sessions that
focus on application should also be delivered by qualified
practising managers.
The ideal teaching resource is for the MBA to be co-taught by
a team of academics and practitioners. The academics can
deliver state of the art concepts, theories and research while
practitioners show how these can be best exploited in the
workplace, in a mutually reinforcing commitment to progress
learning.
The conquest of Everest can be more assured with the support
of state of the art equipment and well-trained Sherpa guides.
Another aspect of the learning process is assessment. Written
examinations are good for assessing knowledge acquired, but
they are terribly weak in assessing whether candidates are
able to apply knowledge.
Short of having candidates perform on the job, the learning
process that at least attempts to simulate practical
conditions does help. Hence, case analysis and defence,
project papers, new business creation and development,
practical field assignments and business games serve to
substitute for real-world action.
Unlike the study of economics with its ceteris paribus
assumptions, management is dynamic and cannot be acted out in
con- trolled situations. Written examinations often require
some degree of control.
The primary job of management is to manage people as the key
resource in any organisation. Appropriately, the process of
learning how to manage people has to be interactive.
An MBA class of say 40 students, each with some 10 years
managerial experience in a variety of industries and job
functions, can be a powerful resource of learning by sharing
400 years of collective experience.
The instructor is a facilitator, not a guru, and his job is to
lead, not so much to teach. Learning takes place at three
levels: first, in full class discussions where knowledge is
exposed; second, in small study groups where aspects of
knowledge are examined, analysed and interpreted; and third,
at the personal level where specific interests are pursued and
the outcomes of the first and second levels are reflected upon
and reinforced.
Therefore, an MBA programme that is delivered entirely by
distance education or through the Internet will not be able to
benefit from the interactive learning process.
Pursuing the MBA is a once in a lifetime investment which has
to be seriously considered. The rate of return has to be the
enhanced ability to perform as a manager.
In financial terms this should be translated into new career
opportunities of promotions, creating and managing a personal
business, taking on new assignments of writing, consulting and
training, and generally be comforted by a sense of
independence that comes with a good MBA experience.
The question is, which is MBA will best lead to these new
opportunities. The issue, hence, is one of choice. And the
choice should never be the MBA that is easiest, cheapest or
fastest to obtain.
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