3. As a result an MBA from premium institutions were demanding extraordinary packages, could not live up to the expectations of Managements of companies; their MBA education was not useful & connected to the jobs at Silicon Valley companies, performance took a nosedive & they went out of the system.
4. Result - Silicon Valley Tech entrepreneurs got disgruntled with MBA"s & started looking down & disregarding them . On the other hand, the large MNC companies continued to hire the MBA"s , as they have well established systems & practices - relatively less creativity or innovative thinking needed.
So, when Silicon Valley companies give a jerk, the market toppled & tumbled. Message went across all global companies about the relevance & utility of Management education - which was not totally true.
The MBA program per se got affected as a result thereof. That spelt the decline of Management education worldwide, which we are witnessing today.
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On Sun, Jul 6, 2014 at 3:17 PM, Patrick de Souza <patrickldesouza@gmail.com> wrote:
At the outset of this debate, thought that Ben Horowitz blog article sheds light for start up valuation opinion of techies versus MBAs ...and how top US Business Schools responded and changed curriculum /content to improve and change perception in the START UP industry circles of influence in North America / Europe.1- Quote" Conventional wisdom among smart technology entrepreneurs says not to hire people with Masters in Business Administration (MBAs) into startups. Aaron Patzer, founder of Mint, expressed the sentiment well when he said: "When valuing a startup, add $500k for every engineer, and subtract $250k for every MBA." My friend Peter Thiel once warned a young entrepreneur: "Never ever hire an MBA; they will ruin your company." I chimed in myself withthis Quora answer. At Andreessen Horowitz, we believe that once everyone thinks that something is true, that might be a good time to do the opposite. So, with everyone convinced that MBAs are useless, I wonder: Is now the time to hire MBAs?." Unquote
see link2- Please don't misunderstand: MBA faculty, students all are valuable and the purpose of this sharing relevant to START UPs segment is to share some international lessons learnt, start up industry perceptions and enhance the quality of the debate.Best ,Patrick de
On Sunday, July 6, 2014, Prof. Bholanath Dutta <bnath.dutta@gmail.com> wrote:
--Dear Esteemed MTCians,
Happy Sunday Afternoon.
PGP courses can innovate as per industry requirement, MBA has an old pattern with the affiliating university deciding its learning content—that needs to change. Syllabus also changed in a very dull manner by hand-full people with vested interest and mostly a cut-paste from different syllabus. Professors from University also visits foreign university to study the syllabus [site seeing trip] but back home the same story J
Educate, Empower, Elevate
Prof. Bholanath Dutta
Founder, Convener & President
MTC GLOBAL- Educate, Empower, Elevate
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