MBA is all about PSC


By
Praveen. P
S3 MBA
Jawaharlal Business School
Kerala
 


Master of Business Administration is a post graduate degree in business communication.  It is one of the most respected professional course in the world because of its value to people in business and administration.  The reputation of the institution is an important factor in getting good placements through campus selection.  The placement records of IIMs, XLRIs, ISB, Symbiosis etc. are classic example for this.  An MBA degree can benefit those in positions in business and management, especially those in executive and managerial positions.

An MBA programme offers the following range of benefits for the successful applicant:

a). Business knowledge: The MBA programme and business schools give you valuable knowledge about business and related aspects.  You learn about business strategies and concepts, not just on paper, but the training and internship required in an MBA course, teaches you how to use these skills in practical life and in day to day business operations.

b).  Leadership abilities:  An MBA degree involves rigorous training, assignments, reports, presentations, and group projects, all of which give you the necessary abilities to handle real life business situations.  This helps to set you apart from those who do not have such expertise and can make you a leader in your field.

c).  Networking:  The alliances that you form with your classmates and the network that you create is deemed as one of the most important and valuable things that an MBA programme can offer you.  MBA graduates have often felt that the associations formed during the MBA course are resources that are invaluable and can be drawn upon for years after the MBA degree has been achieved.

MBA Is it a Course..?

Actually the outlook of  people about MBA has to be changed.  Most of the people consider MBA as a two year professional course.  That itself is wrong, MBA is not at all a course.  It is a programme for transformation.  There are several post graduate professional courses like MCA, ME, M.Tech, MBBS etc.,  All those courses has it's own framework and boundaries.  But MBA is not having that kind of rigid restrictions and boundaries. 

Like management, MBA is a universal phenomenon.  An MBA holder can work in almost all spheres of human life.  It includes:

* Science
* Technology
* Engineering
* Production
* Hospitality
* Banking, finance, insurance
* Marketing and retailing
* Human resource and hospital administration
* Airline and airport management
* Logistics and marine engineering

Whether the MBA degree alone will add value to profile..?

This is another wrong perception about MBA.  Adding the mere qualification will not give any benefit to the candidate.  Most of the people consider MBA as a boarding pass to fly.  They believe that by adding the mere qualification the opportunities will come to them.  But MBA is only a clearance certificate, if we want to fly we should have the caliber.

"The value of an MBA programme is the difference between what you are while joining the course and what will be you when complete the course ."

I strongly believe that MBA is all about PSC, where

* P Passion
* S Sacrifice
* C Commitment

PASSION

Passion is a kind of craze or addiction.  To be a successful MBA we have to be passionate first of fall.  When we became passionate of everything, our duties and responsibilities will not be a burden more.  We will begin to love our job and we will try to enjoy each every seconds in our life.

SACRIFICE

In management, there is a concept called 'subordination of individual interest to group interests.'  It is one among the fourteen principles of Fayol's school of management thought.  Being ordinary people, everyone will have their own interests and preferences.  But when we became a part of any organization, that institution is important.  So we should be always ready to sacrifice our personal interests and comforts for the accomplishment of common goals

COMMITMENT

Last but not least, we should be responsible for what we are supposed to perform.  As there is a proverb 'time and tide no waits for men' deadline is always a deadline.  Once we are asked to perform or complete something as an assignment or project we should finish it on or before the due date. 

These three attributes are mutually complementary to each other.  If we are passionate about something, we will be ready to sacrifice anything for that.  It will make the person committed in doing that. 

There are several examples in national and international level for those people who have established and managed big corporate empire with these three qualities without having MBA qualification.

Melanie Holmes is an executive for a Fortune 500 employment services firm and two years ago, at age 55, she decided to go back to school and get her MBA.

Why? It's not what you think.

"It was a personal thing. I just wanted to achieve it," says Holmes, a vice president for Manpower Inc. "I didn't expect anything differently in my job nor did I expect to go higher up the ladder."

Holmes is one of those executives who doesn't believe you need a master's degree in business administration to become successful in business. And she's living proof of that, having moved up the corporate hierarchy after starting out as a secretary.

Lately it seems that everyone and his or her brother has been going back to school to get an MBA, but the importance of this higher degree is getting diluted, and it's never really been a guarantee you'll get that plum executive job.

Believe it or not, the majority of CEOs running major companies in the United States do not have MBA degrees. Research done by Business Week magazine in 2006 found that fewer than one in three executives who hold high level positions in corporate America had an MBA. And a more recent poll conducted by Pace University professors Aron Gottesman and Matthew R. Morey found that out of 488 top companies surveyed only 159 had CEOs with MBAs at the helm.

A list of the most admirable business men like Bill Gates of Microsoft Corporation, Warren Buffet of Berkshire Hathaway, Jack Welch of General Electric, Oprah Winfrey a media proprietor, Herb Kelleher of South west airlines and Late Dhirubhai Ambani of Reliance were not MBAs.  But they all of them are industrialists par excellence. They had approached their business and life with these Passion, Sacrifice and Commitment.  So the mere qualification alone with our profile will not bring any fruitful results.
 


Praveen. P
S3 MBA
Jawaharlal Business School
Kerala
 

Source: E-mail September 24, 2011

 

           

 

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