Ivan said...
Hello,
What was so important about academic, if MBA is not so call important?
Academic achievement is good provided it is part of an well rounded education. I have had to hire many people for various roles, analysts, sales traders, etc... To me, a degree tells me you can read and write (I hope), thats all. Nowadays, a number of graduates can read and write, maybe write horribly, but cannot even carry a conversation in simple English. I say that as English is a business language, and I am talking about business graduates primarily.In some developed nations and some high-esteemed corporations / GLCs, they value the pedigree degree from the Top 20 universities globally because they get to pick from the cream of the crop. Fine, if thats the kind of graduates you want. In the end, you want performers, enthusiastic workers, people who think outside the box, people who can work around issues and problems, good interpersonal skills ... street smartness. We all know that a degree will not tell you any of those quality.I think why Robert Kuok frowns upon MBAs is that an MBA gives a person who has had some biz background a sort of license that they are now biz experts, which is clearly a silly proposition. The most galling thing to me about MBAs is the "schematic way of thinking through problems". Got an issue, lets do a data collection and analyse them. Lets do a client testing before rolling out a product, do a client survey, etc... All these while inherently OK, are all ass-covering methods of doing business. I believe Steve Jobs would not have rolled out the iPhone, iPad if he had a room full of MBAs.If you put an entire room full of analysts, fund managers and bankers with a company that wants to boost its liquidity, valuation and raise funds - how many will come up with the right solutions. There are textbook solutions which will prescribe the usual: bonus, placements, new share issues, analysts coverage, press coverage, etc. MBAs will always attack everything with financial modelling, variance and regression analysis, case studies, client surveys, ... cause thats what they have been trained to do.
The ones that get to achieve more in their careers will go further to focus on potential dilution, company's branding, management's perception in the market place, concentration of business in value-add segments, margin maintenance, longevity of market share/penetration/growth of segment, their place in the ladder of competitiveness, and get to the real end objectives of the owners (fear of losing control, no money or don't want to spend their own money, family control issues, lack of foresight/drive).To do all that well, an MBA will not get you there, its the interpersonal skills, the connection you can make with people. Basic concepts, knowledge are just basic tools for you to leverage on.
