The Simple MBA Manifesto: Do We Really Need MBAs?

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Do We Need The MBAs?Rethinking Business Education

http://thesuccessmanual.bighow.com 2

How do you teach obsession?

Because often it is obsession that drives an entrepreneur's vision.

How do you learn to be an outsider if you are not one already?

- Dame Anita Roddick, founder of Body Shop

MBAs Cheat.

56% of all MBA students cheat at Exams.

Source: study by the Academy of Management Learning and Education of 5,300 students in the U.S. and Canada

What’s wrong with MBAs?

Business Education is not about Business.

It is about Money.

Source: http://sprizouse.blogspot.com/2008/11/amoral-mba-students.html

Can you name any successful, path-breaking, innovative company started by an MBA?

6MBA Salaries Are Insane

What do MBAs Actually Do?

MBAs ran Enron (2001) and these superstars of the subprime crisis 2008-9

MBAs Often Make Bad Bosses.

Their education does not always make them nice people.

Pictured alongside is Alec Baldwin in “Glengerry Glen Ross”

Create Boring Companies

Where People Don’t Love Working

Pictured alongside is a scene from Mike Judge’s “Office Space”

MBA Teaching Is Overrated

A. Fanciful, fictional case studies

B. High on theory, low on practical.

C. Formulae for everything.

D. Students learn not to talk or write likehumans do.

D. Professors who have rarely worked as anentrepreneur or senior manager.

F. Schools create a mystique of excellence by Choosing only the high scorers.

G. Group work is over-hyped - B-Schoolsreduce every problem to meetings and group discussion.

Source: Michigandaily.com

MBAs themselves are over-rated.

Add $500,000 for every engineer in the company.

Subtract $ 250,000 for every (overpaid) MBA onboard.

- Guy Kawasaki’s formula for valuing new companies

Some of the best successes on the internet aresingle or two person stories.

MBA degrees don’t guarantee a job.

Three main issues facing the workforce:

A. Self- Employment B. Re-skilling C. Staying ahead of the

competition.

Source: Michigandaily.comWall Street Journal

Let us reform our schools and we shall find little reform needed in our prisons.

- John Ruskin

Education is very expensive.

Let’s Start With Using Common Sense

And A Will To Teach Ourselves

B-Schools Do Not Teach Everything

Books Do

We Can learn Business in 1 Day

Or, in 10 Days

How about 30 Days?

Or, Read The Best Business BooksAKA The Personal MBA Manifesto

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