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Value that Market seeks in MBAs
The document discusses what skills and qualities are valued in MBAs by the market. It states that an MBA involves developing knowledge, skills, and behaviors. MBAs should focus on being leaders rather than just managers by taking responsibility, developing depth, and understanding organizational commitments. The market values MBAs who can manage change, people, and themselves while demonstrating a willingness to learn and challenge norms. Strong communication, emotional intelligence, and a global perspective are important. MBAs must fill gaps in areas like leadership, integration, creativity, and understanding business purposes and limits. Overall, MBAs should focus on communication, initiative, reinvention, risk-taking, and passion while maintaining integrity.
Value that Market seeks in MBAs
- 1. Value that Marketseeks in MBAs Presented by - Vijay Chaturvedi, - PGMM (IMT, Ghaziabad) ; EPGDIB (IIFT, Delhi) - Founder, Owner & Managing Partner – Vistar Consulting, Gurgaon
- 2. MBA – AFormation along 3 Dimensions
- 3. Knowing, Doing andBeing Knowing reassessing the facts, frameworks, and theories that you learn Doing developing the skills, capabilities, and techniques that lie at the heart of the practice of management Being the values, attitudes, and beliefs that form managers’ worldviews and professional identities
- 4. MBA – AJourney from “Big A” to “Better A” MY BIG ATTITUDE (LEFT IN CLASS) MY BETTER ATTITUDE (RIGHT FOR MARKET) Market Expectation – A learning Manager and not a learned one
- 5. It Is AllAbout “Being” is “not being a Manager” but “being a Leader” And Leadership means taking responsibility for implementing change developing a certain depth as a person willing to shed any stereotypes that one may have carried into the job understanding the balance between a career and commitment to an organization developing a commitment to practice understanding one’s own limitations, and working out one’s expectations in a reasonable manner
- 6. Filling “The Gaps” Areas that business graduates are generally perceived to be weak in: Gaining a global perspective: managing institutional, economic and cultural diversity Developing leadership skills: learning to build with others Honing integration skills: framing problems holistically and incorporating judgment and intuition into analytical decision making Recognizing organizational realities and implementing effectively: understanding the politics of organizational behaviour Acting creatively and innovatively Thinking critically and communicating effectively Understanding the roles, responsibilities, and purpose of business: balancing the financial and non-financial objectives of business and multiple stakeholder demands Understanding the limits of models and markets
- 7. MBAs as Leaders Focus required on four clusters the “intra-personal”, which includes self-awareness, emotional self- awareness, intentionality, resilience, optimism and empathy the “influencing others” cluster, which includes emotional expression, interpersonal connections, constructive discontent, and trust the “managing complexity cluster” which consists of intuition and creativity “managing diversity”, a tolerance for ambiguity and flexibility
- 8. Market View: Skills& Qualities Manage Change, Business, Others and Self Demonstrate curiosity and a willingness to learn, the willingness to challenge the status quo, and learn from practice. Everything is embedded in the learning attitude. Understand the values which govern an organization
- 9. Market View: “Being”dimension Show willingness to influence organizations and to make changes rather than escape by moving on quickly. Avoid high expectations from others, and avoid lack of depth. Avoid stereotypes about managers and companies, what needs to be done and what helps them to build their own careers. Be more committed to the organization or the profession. Inculcate “practice orientation.” Be open to the field roles. Avoid being individualistic. Be more independent and more grounded. Avoid overrating the value of their degree. Be humble Today, Marketing, Finance, HR are no more separate islands.
- 10. Market View: “Being”dimension (Contd.) Understand the social aspect of business as well. Understand relevance of business to community. Learn the concept of “value of money.” Value “the values”. Learn the art of judging the industry trend with sharper accuracy. Increase emotional quotient to face the challenges of future.
- 11. Management ≠ Analysis What you are learning in school is analysis. You are being taught tools and techniques. Analysis is just one of the ingredients in the recipe. You may have the best analysis in the room. However, if your analysis is not heard and taken seriously, it is of no value. Too often, talented people with the best answers sit in the back of the room while hacks run the show. If you enjoy the view from the back, getting an MBA will not change anything. A MBA degree only works if you are willing to transform yourself. Are you?
- 12. Einstein would havebeen a terrible manager There is a huge misconception among students that being smart is the way to be successful. Let me break this to you - It is not about being smart. There are many smart people who are absolutely incompetent managers. Not to mention the fact that many smart people are first-rate jerks. Don’t get it wrong. You don’t have to be dumb to succeed. But you also do not have to be a Mensanto make it to the top. All you need is average intelligence. But, you need other qualities.
- 13. Bill Clinton wouldhave been an excellent manager The man had his faults. But, he could communicate like few others. Bad managers are, frequently, terrible communicators. They have good ideas. But they simply don’t know how to get them across. You cannot lead, motivate or sell if you cannot communicate. If there is one thing you want to do when you are in school, learn to communicate.
- 14. Don’t Lose TouchWith What is Right Do not use analysis to justify what you know to be wrong. Frequently, the wrong path comes dressed in pretty clothes. Don’t buy it. Hang on to your moral compass for all its worth. Remember what your mom taught you. If you think something is wrong, stand up and say something. You will certainly lose some friends. But, it will be worth it. If you cannot explain an action to your family, don’t do it. Nice guys can finish first. You don’t have to stop being a nice guy to succeed.
- 15. Got Gumption? Youwill not succeed if you do not show initiative. I have met many smart people who are simply not interested in following through on their ideas. The result? They languish, get bitter and drink too much. You better have a passionate belief in your ideas, if you want others to take them seriously. Just ask Arthur Fry-the inventor of the Post-it Note who had to fight 3M bureaucracy to get the idea through. To succeed, you will have to be cheeky. And, stubborn as a mule. Persist & Win them over with charm. History teaches us that smart people have made bad calls. Thomas Watson, Chairman of IBM once said-“I think there is a world market for maybe five computers.” So, believe in your ideas and go for it.
- 16. Stay Current Hereis a quick quiz Do you have a blog? Have you added a screenshot to a PowerPoint presentation? Have you downloaded a free e-book before? Do you know how to limit your Google search to .pdf files? Have you modified a Wikipedia page? If you scored 0, 1 or 2 on the quiz, you are obsolete. Find a way to get current.
- 17. Reinvent yourself Ihave always admired Benjamin Franklin because he refused to be just one thing. He constantly reinvented himself. He was a printer, scientist, inventor, civic activist, writer, librarian, philosopher and diplomat. Labels are nothing. Outgrow them.
- 18. You’ve got totake smart risks Something dragged you to an MBA program. It was perhaps a desire to outgrow a niche or to jumpstart a career. Don’t lose that. Take smart risks-with yourself and your career. That’s Nicole Evans, founder of iVillage, by the way.
- 19. Don’t stop dreaming I think we spend too much time talking about vision and too little talking about dreams. Dreams drive achievement. Narayana Murthy is an Indian electrical engineer who grew up in a typical middle-class family. What made him different was that he dreamed of building a world-class company. For FY 2015, the annual revenue of Infosys, the Bangalore-based company he founded, was US$ 8.71 billion. Murthy is now in the global “Top 10 Most Admired CEOs” list and is worth US$1.8 billion(2015). Imagine the number of people who must have told him that he was dreaming if he thought a world-class company could be based in India. He kept on dreaming and inspired an entire generation of Indian entrepreneurs.
- 20. So, here’s thechecklist ! Management ≠ Analysis It is not about being smart Learn to Communicate Don’t Lose Touch With What is Right Got Gumption? Stay Current Reinvent Yourself Take Smart Risks Don’t Stop Dreaming
- 21. The Automotive Icon& the legendary Lee Iacocca says it all !!!