I can’t look away nor resist the temptation to at least see what the argument is when someone says you don’t need a business degree to manage, or worse yet, the MBA is a thing of the past.
Entrepreneurs that make it big, I applaud and downright envy you but one day when your company gets big enough that you need lots of people to make it run, you may want to reconsider the need for an MBA or someone who has earned one. Especially if you want your good people to stick around long term.
I have worked for many on team Hard Knocks who simply learned from the job and moved up the ladder when opportunity knocked but stayed there even after successive problems arose and were not well handled. It is a known fact that people leave managers not companies. Good employees tend to run from these bosses simply because they don’t know what they don’t know. I believe that through formal study, one can acquire critical lessons about leadership which speeds up the a person’s ability to learn when problems show up on the job. The educated person has through case study analysis learned a variety of ways in which to examine a situation. They are not hurtling in to every problem blind. The theories they’ve learned come from endless scenarios and they therefore have more than a better chance of understanding a situation when it shows up and just as important know there is a right and a wrong way to go about addressing it.
For those of you who’d like to have a look-see at what I’m talking about, there are books out there on the MBA topic. Here’s a popular book Complete MBA for Dummies on Amazon.