Prof Madhukar Shukla on Management Literacy
......a large number of MBA graduates merely acquire "management literacy" - they know the latest terms, frameworks, formula, etc., but very, very few actually stretch themeselves to apply these to other domains (other than the quizzes and exams)... which is somewhat sad, given that most of them are bright people, and will be taking decisions which will affect others...
One way to understand this situation is to believe that once people start working, they also learn to apply these skills, understand the context, etc., and so, become educated. But I don't think that lack of work-experience is the only rationale of this state-of-affairs. It has, in my understanding, something to do with the premium value (mainly in terms of its earning potential) which is given to the MBA degree, and which attracts a large number of people who are just looking for a nice lucrative job - and not towards becoming a professsional.....
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