Can we manage a
company without an MBA?
In
today’s multicultural multi-faceted world of business, it’s essential for an
individual to understand the essence of management at least in relative terms. The
world has become so complex with time thatin absence of management it might not
function at all. ‘Management’ is the soul of every business.
When
discussing on business, we need to go back into the pages of history and look
at the waytransaction was done in the medieval ages. Only the nature of doing
business has changed. Doing business,or possessing the qualities of a
businessman is an inborn skill. It was present even when our ancestors had laid
down the bases of business by moving from hunter-gatherer to agricultural mode
of survival, albeit on a smaller scale.
Nevertheless,
the scenariohas changed with globalization and the increasing network of goods
and services around us. With industrialization bringing the entire world under
one network, the need for ‘managing’ such a huge and multidimensional world is
felt.And, this can’t be done without proper guidance or training.With the need
of upcoming markets and trends, ‘management education’ has spread all over the
world and is helping the aspirant entrepreneur, or professionals, to develop
their knowledge and skills as per expectations.
The
education system in India is limited to theoretical knowledge which is confined
to just some degrees. But ‘management education’ gives practical embossing over
the theoretical approach. This gives a complete understanding of the activities
of business, and the role required to be played by individuals at a later
stage. It is not that business cannot be run without management education. But,
with increasing competitiveness all over the world upcoming professionals need
to possess the required qualities - the zest to innovate constantly and apply logical
and analytical thinking. If properly inducted, ‘management education’ can add
all these qualities to an individual’s personality.
So,
it can be derived that business education is required to managework in office. Both “Management” and “Business”go hand in
hand, and contribute to the growth of business on a global scale.
Find us on http://www.bibs.co.in for more details.