Re: [MTC Global] What They Teach You At Harvard

Indeed a thought  provoking post, Prof Dutta. A view has been often vocalised that one doesn't need management degrees to be a successful entrepreneur. I have more than once posted on twitter that my grouse against modern education is that it teaches so much of straight jacket thinking that it has killed capacity to think laterally and creatively. Not only entrepreneurship, but success in many other pursuits depends on lateral thinking. Einstein had famously said imagination is more important than knowledge. Are we moving to make A Huxley prophecy of Brave New World come true where educated would recall just what was taught by rote memory? Indeed educationists themselves have to do much lateral thinking to device ways to inculcate ability to think laterally

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On Sat, Jan 30, 2016 at 4:47 PM, Prof. Bholanath Dutta <bnath.dutta@gmail.com> wrote:

In an article in the London Times, entitled Harvard's Masters of the Apocalypse, Philip Broughton, a Harvard Business School graduate and author of What They Teach You At Harvard, says, " The Masters of Business Administration, that swollen class of jargon-spewing, value-destroying financiers and consultants have done more than any other group of people to create the economic misery we find ourselves in...You can draw up a list of the greatest entrepreneurs of recent history, from Larry Page and Sergey Brin of Google and Bill Gates of Microsoft, to Michael Dell, Richard Branson, Lak-shmi Mittal - and there's not an MBA between them. Yet the MBA industry continues to grow, and business schools provide vital income to academic institutions: 500,000 people around the world now graduate each year with an MBA, 150,000 of those in the United States, creating their own management class within global business. From the Royal Bank of Scotland to Merrill Lynch, from HBOS to Lehman Brothers, the Masters of Disaster have their fingerprints on every recent financial fiasco."​

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