Business studies must prepare
people for the big difference between the cosy
classroom environment and the realities of today's
business world.
Anyone
thinking of embarking on a business education
must ask himself or herself a basic question,
'what should a business education give me?' The
answer would seem to be obvious; business knowledge.
But what does that mean?
Business is a practical subject.
Everyone agrees with this, but when one looks
at the way business is taught sometimes, it seems
too easily to be forgotten.
Why is business a practical subject?
Because in business you have to DO things; take
decisions; take action; monitor results. You cannot
operate any business by just planning what to
do on paper. Planning is, of course, an important
step in the process, but there are many examples
of businesses that have had excellent plans but
failed because no one implemented the ideas.
Learning from
business practitioners
So, you might ask, isn't the best way to learn
about how to do business, to work in a business
and learn from others? The answer is: No.
In the heat of battle you cannot
learn to fight. There are too many day-to-day
pressures, and few people have the time and/or
the capability to explain what is happening and
why. The reason for decisions must be explained
in a way that allows a greater learning experience
than just solving that particular problem at that
time.
How can the dynamism of real business
be simulated in the classroom?
By having people who know about business,
teach business - the successful, business practitioners
of today. "What we did in a similar situation"
or "What we are doing right now" should
be phrases often heard.
Practice, NOT
theory
One of the important things these people know
is that very few, one could even say no, real
business situations will fit the textbook examples.
Each situation can be described as unique, requiring
its own unique solution. Managers must be able
to analyse a situation, examine various alternatives
and combine parts of solutions to solve the particular
problem being faced. A business school should
teach people to do this, not just find solutions
to specific problems.
In order to facilitate the learning
process, topics such as marketing, finance, human
resources are studied individually. But real business
success depends upon the optimum integration and
combination of these subjects. People who will
rise to the top of a company or run their own
business, the aims of most business school graduates,
need to learn how to do this during the MBA studies.
Narrow focus specialisation limits the opportunities
to understand the benefits of integration.
Learning by
participation
One of the definitions of management is 'the achievement
of goals through other people'. To do this requires
a set of skills additional to finance, marketing,
and human resources. These are sometimes called
the 'soft skills' and because of the name, are
often ignored or relegated in importance by business
schools. However, business-practitioners know
people skills can be more important than technical
skills for business success, and they must be
correctly incorporated into the learning process.
In the real world of business, few
people can or are expected to solve a problem
by themselves. The value of multiple inputs in
reaching a better solution is widely recognised.
But the sharing of ideas, the acceptance of other
people's ideas, and the learning from other approaches
is rarely a natural process. Students must learn
how to present their ideas in a way that will
allow others to see the value. Statements must
be challenged by faculty and other students. Attack
and defence of ideas, and the assimilation of
other approaches are important parts of the learning
process.
The benefits gained from the participation
learning approach are further enhanced by a multi-cultural
student body. Students who come from literally
the four corners of the world, bring with them
all the advantages, disadvantages, fairness and
prejudice of centuries of cultural heritage. These
characteristics manifest themselves in sometimes
totally different approaches to solving business
problems. From all of these approaches there is
something to learn, if we are prepared to. To
achieve these goals a business education class
should be a maximum of twenty people.
A set of business
tools
To come back to the original question, 'what should
a business education give me?' The answer is,
the tools to enable you to make an immediate contribution
to global business success. These tools are:
- the ability to use the contingency
approach to solving business problems; combining
the best parts of several solutions into a unique
and better solution
- having a global perspective
- working with and learning from others
The MBA programmes that offer these
tools are spearheading the education of a new
generation of business people.
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