The business world
is changing at a rate that would have been unimaginable
in the past. Rapid advancements in technology,
changes in customer behaviour, higher expectations
from financial investors and a general sense of
impatience are placing tremendous and often paradoxical
demands on the top management of corporations.
Dealing with such change is requiring them to
modify the way they organise themselves
In today's world, trained resources
have become increasingly important. MBA graduates
have traditionally been looked at as one such
trained resource: trained in the art of analytical
thinking, trained in dealing with complex issues
in a structured manner, and trained to think like
leaders. The first firms to think along these
lines were the consulting firms, followed by those
in the financial services world. This trend has
now caught up with other industries - to the level
that even small start-up firms recruit some MBAs
to add a bit of new thinking to their operations.
The results have been mixed, ranging from excellent
performances to the downright mediocre. Why is
that? Are MBAs not living up to their expectations
in some areas, or is it that some environments
aren't suitable for MBAs? In fact, the truth lies
somewhere in between these two explanations.
Firms that indicate their happiness with the
whole MBA recruitment plan have many things in
common. All of them, without doubt, offer extremely
challenging yet relatively risk-free environments
to their new recruits, providing a culture that
fosters creativity and acknowledges individual
initiative. Most have a clear idea of the growth
path planned for the recruits, have ambitious
growth plans themselves, and value new ideas that
they see as a constant source of innovation. Firms
that express dissatisfaction with their MBA recruitment
programme, on the other hand, do at times have
working environments that are at the opposite
end of the spectrum. Such firms have extremely
hierarchical organisation structures, with set
ways of conducting business. MBAs find themselves
wasted in such environments, and either choose
to leave for better pastures or stay and perform
in an uninspired manner. MBAs, too, should be
blamed for some of the concerns expressed with
regard to their suitability. Many come into their
working environments with extremely rigid ideas
about what a good career looks like, about the
kind of responsibilities that they should be handling,
and about the kind of learning that they should
get along the way. Many exhibit poor man-management
skills at the beginning, and at times show a distinct
dislike for anything that deals with the emotional
angle of effective decision-making.
So where then does the solution lie? In a two-pronged
approach, which starts by creating an environment
that nurtures creativity and team spirit, as well
as training MBAs on their emotional intellect
to ensure that the chances of an MBA misfire are
minimised. Care must be taken to ensure the individual
fits with the organisation, and firms that take
care to ensure this fit end up as winners with
the right team. For example, consulting firms
prefer recruits with a certain profile, a profile
which could be totally irrelevant in a merchant
banking environment or a manufacturing industry.
However, MBAs themselves have to start articulating
which environments give wings to their potential
too, and then go ahead to choose careers in those
environments.
The real question that should be asked by companies
is 'How best do I attract and utilise MBAs to
fit in with our culture?' At the same time, MBAs
should be asking themselves questions about which
environment will be best suited to the development
of their full potential. For both employers and
recruits, asking these questions would ensure
that there is a meeting of like minds. Issues
related to changes in mindset or retaining talent
then seem irrelevant. The best way to deal with
a problem is to first avoid its creation in the
first place - prevention is better and less painful
than cure!
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