Re: Re: [MTC Global] On the job learning Vs MBA

Dear Sirs, The thoughts expressed in the thread are worth pondering. As it is
said,it takes two hands to clap. The institutional point of view has been laid
beautifully. The Institutions have to make the effort to stay relevant. From a
student's viewpoint, it is essential that he draws the value from his education
and more importantly becomes useful where ever he works and in his own life also.
It is true, that the working lifespans are shrinking but a person has to work for
almost his entire life since life span is increasing also. Gone are the days when
the inheritance from the parents and grandparents provided enough to the person
for his entire life. Sheer high inflation, and the complexity of relationships
have made the life of an individual full of stress and care. It is Management
education that is internalized adequately that will enable a person to make the
right choices in life and bring about peace and harmony. Surely,the place of life
skills make more sense in Management education than in any other.
Best Regards,
K.Paranjpe

On Mon, 30 Dec 2013 11:30:19 +0530 wrote
> At the outset I would like to thank our Dear President Prof Dutta for
initiating discussion on such a burning topic, given the doubts being expressed in
some quarters about the relevance of business management education as such.Yes
there was a time when companies like Sriram used to recruit just graduates and
train them in company's ethos etc. But thanks to introduction of concepts/tools
like division of labour, ,shopfloor/mass production etc the need of the hour was
to maximise the output while minimising the costs. That's how the quest for
something landed us with management as an excellent tool to maximise the output
etc.Coming to viewing management education as the panacea is like closing our eyes
to the ground realities. That's why many of the BSchools are having a mix of
academic and industry people on the faculty so as to make the students practice
the mantra of Read, Reflect and Relate.Further BSchools which are consistently
revising their curriculum keeping in touch with industry (ensuring industry
institute interaction) are doing extremely well.In other words formal management
education refines the analytical and managerial skills of the managers. With so
much data around and decision making (effective) becoming critical business
management education does add value to existing experience.My take is right
balance. If we can encourage experienced people to come for business management
education it would further strengthen this stream of education. For a b school to
remain relevant is to innovate, ,adopt and improvise.New year greetingsDrAJagan
Mohan Reddy

Sent from Samsung Mobile


-------- Original message --------
From: "Prof. Bholanath Dutta"
Date: 29/12/2013 23:43 (GMT+05:30)
To: join_mtc
Subject: [MTC Global] On the job learning Vs MBA


Graduate degrees, including the MBA, have proliferated in subjects and fields
where on-the-job learning used to be standard. Instead of being paid to learn, you
must now pay to learn. So careers which used to stretch from college graduation at
21 to retirement at 65 are now compressed between graduate school graduation in
your late 20s and early retirement in your early 50s. You now have two decades to
maximise your lifetime earnings rather than four.

The questions this poses for MBA programmes are ethical ones. Do they provide
sufficient value to students whose career spans are shrinking? Is it right for
them to charge what they do for the service they provide? Or are they peddling a
qualification which has simply transferred the burden of educating managers from
companies to individuals, who now have ever decreasing time left to cover its
cost?

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EDUCATE, EMPOWER, ELEVATE
Prof. Bholanath DuttaFounder, President & ConvenerMTC Global: ISO 9001: 2008
Certified
Participant: United Nations Global Compact
Website:www.mtcglobal.org/ www.knowledgecafe.org
president@mtcglobal.org/ president@knowledgecafe.org

Cell: +91 96323 18178






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MTC GLOBAL- Educate, Empower, Elevate

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K.D.Paranjpe
Mumbai

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