MBA Vs MBA (Is it Master of Business Administration or Master of Buffoon’s
Administration)

Are we heading towards a paradoxical tragedy and disaster in the name of MBA? Come on find solutions and prevent the happening of tragedy and disaster on a war footing.

Those were the days, when I trace back to my memory lane the qualification MBA had its accreditation, merit, name, fame, academic reputation, strength and status unlike the present scenario. It was indeed difficult to obtain the MBA qualification unless a student puts earnest efforts and serious studies to sit for entrance examinations, qualify in the entrance examination to get into effective MBA study. Those days there were very less number of business schools and imparting professionally value added MBA education added with, covering all parameters of management syllabus and applied management skills without compromises in texting and testing the students.

The present day’s situation is totally different to be indifferent for business schools. There are more number of business schools offering MBA education and equally more number of students seeking enrolment in these schools and at the end of the academic session walks out with their graduate certificate. As a matter of fact business education has now turned out to be a fortune and big business for the business schools and its faculty…Money is everything Honey has become the concept and policy of the many business schools. Many business schools imparting MBA education has dispensed with entrance examination and if you have money, you can have an MBA added to your name. Then again the currency you are able to manage will determine the country of MBA. Surprisingly and hardly any evaluation of the impact of business schools on either their graduates or professional management exists. A good number of business schools are ineffective with reference to the mode of study, substance of study, code of conduct and this will be evident when co-related with career success most of their turned out graduates. This further indicates how the business school prepares their students for the future. There is also hardly any evidence to establish that business schools research is influential in management development, skill and practice by its graduates. There are several occasions, MBAs miserably failed to manage not only crisis in the organization but also various other related issues as they lack in knowledge and wisdom as a result of inadequate imparting of MBA education.

It has also been observed by the articulate critics of business school, that the curriculum and syllabus is focused on analytics with hardly any emphasize on problem finding and solving. Over emphasize on analysis at the cost of integration and developing wisdom, leadership, interpersonal skills and teaching method, which forms the core elements of business management.

In a recent observation few of the most accomplished CEOs as quoted by the people most often, when asked, replied – None of them had business school degree and have still achieved greater heights and goals in their business. In fact Mr. Galvin of Motorola and Mr. Bill Gates of Microsoft did not even complete college. 40% of US CEOs as mentioned in an article “Why CEOs FAIL” had MBAs. The point of the observation is, MBA neither guarantees business success nor prevents business failures. It may also be noted that most of the best of business ideas in management for the past over a decade or so did not originate from business schools. Business schools considers themselves as scholarly communities through their academic journals that are totally divorced from the challenges of day to day management. While analyzing the actual effects of business schools on two counts of most relevance and importance (1) careers of their graduates (2) the knowledge they posses, the scenarios is quite bleak, There is hardly any evidence and scope to that mastery of knowledge acquired in business schools enhances the student’s career. Who has to be blamed? Of course the business schools for their ineffective coaching and teaching of the students.

The latest trend is that some of the leading business schools and institutes are entering into agreement/MOU to co-sign the MBA graduate certificate for a price, thereby leasing their institutional logo and image to the sprouting and mushroom new schools/existing low profile schools.

The solution to the problem is only by way of incorporating Regulatory authorities with stringent rules and governing procedures covering existing business schools and extremely stringent guidelines for the fresh applicants intending to open new business schools. The Regulatory authority has to ensure by personal verification and inspection that required infrastructure, systems and faculty staff and members are in its proper and appropriate place before grating permission to run the business schools. The Regulatory authorities should also consist of various committees and governing councils covering all aspects of business management consisting of experts in management field, management thinkers and management faculty under the direct control of Educational department of respective countries with independent panels with ample scope, power and authority for monitoring the activates of the committees as well as the business schools. After all the education should have its right value and standard and at the end of the academic term student should be enriched with knowledge-otherwise what’s the use claiming to be an MBA It is very essential to measure the aptitude, attitude, skill and tolerance of the aspirants before they are enrolled to business schools-Do not allow the schools to use money as a yardstick for entrance and enrolment as MBA students

Let all of us tray and put in earnest efforts to bring out Masters in Business Administration instead of Masters in Buffoons Administration. This article does not have any malafide intentions to harm/hurt any one’s (whosoever it may be) feeling but written with genuine interest for betterment of business school’s results and products, hence being presented with out any prejudice whatsoever.

J.KANNAN