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What B-schools can't teach you

By Kukil Bora, SiliconIndia   |   Tuesday, 26 April 2011, 17:24 Hrs   |    51 Comments
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2. Lessons from failure:



"Failure is the pillar of success" - all of us know it. But how many of us take failure in our stride? Very few, isn't it? B-schools also fall short of doing the same. If that was not the case, why would Dale Carnegie, the management book writer who has written dozens of motivational books commit suicide? B-Schools and books can give you theoretical ways to deal with failure, but the experience and lesson we learn by failing will stay with you all your life than the theories mastered in B-schools.


3. Life @ Ground zero



B-schools do teach the numbers and analysis of risk. They are excellent in teaching the technical side of risk management. But what about living with risk? This is what they can't teach. As an entrepreneur or business owner you take many risk, you have to if you want to survive, grow the business. But what about risks which are undefined? During 26/11 we saw some Taj Hotel employees managing and dealing with a risk which threatened even their life stoically and bravely. No management school can teach you how to behave in such a risky situation.

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21: WHAT B-SCOOLS CAN'T TEACH YOU....
1. How to follow your heart. Empathy, "This could happen even to me if I had to handle it in my way" attitude, "Give one more chance for the sincere efforts, if sincerity is demonstrated, teach how to do if some slips are observed etc..etc..

2. Lessons from Failures - The greatest learning from experience is that WE MUST ACCEPT & LOOK FORWARD WITH WHAT HAPPENS WHEN WE ARE PLANNING & EXPECTING SOMETHING ELSE TO HAPPEN. This needs a great courage, adoptability with the Happennings & corrective measures on the on-going planning. For this a concious acceptance of factual situations is a must.

3. Life @ Ground zero- As a Risk Management Consutant for >33yrs, Identification, Evaluation & Risk Transfer are the basis. However, for catastrophic losses, pool is the only limt & way out. High reserves, can even go to the extent of SELF INSURANCE. Classic example is INFOSYS high reserves as mentioned by its MD in waiting-Shibu. It gives the employee a secured feel for one year come what may & I personally like this attitude. You must build not only reserves, but also the confidence & safety in the minds of emplyees to get the talents flower even in the chaos situations.

4.Ho to work around intution - This remind me of Mrs. Indira Gandhi, our earlier PM once said "Do it & then see how you have done it.". At times too many options make you indecisive, inspite of your guts.

5. Work-Life balance - Very important in life, 'case life needs to be enjoyed in addition to achievement. Take one at a time & grow with full of life each moment.
Posted by:Krishna Burli - 02 May, 2011
22: Dale Carnegie did not committe suicide.The official biography from Dale Carnegie & Associates, Inc. states that he died of Hodgkin's disease, complicated with uremia, on November 1, 1955.
Posted by:Biswajit Das - 01 May, 2011
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Posted by:Shivraj - 30 Apr, 2011
24:
stupid article!
jacki Replied to: Shivraj - 02 May, 2011
25: it sure in business life many people do work by heart . so they should follow the practicle life with theortical lafe.
Posted by:azad singh - 28 Apr, 2011
26: nice article.
Posted by:Jayaprakash S - 28 Apr, 2011
27: It is a solid point. To perform in practical life one has to act forward. They will just tell you the things.
Posted by:vinod mishra - 27 Apr, 2011
28: The main difference exists because practicals of theory also are only VIVA.Another aspects is basic values.In class you follow ethics but all big business pay you for MANUPULATION,not honesty.Integrity means for company,not humanity and nation.All who go for MBAs degree must learn in india to be slave first,honesty and efficiency is secondary.See the 2G and expect in all others same.
Posted by:drsyals - 27 Apr, 2011
29: I suggest that all B-school grads read Tom Peter's Re-imagine, especially the first few pages.
Posted by:Arindam - 27 Apr, 2011
30: Managing food crisis is in fact a child's play.
Only foresight , planning & Intention is needed.
Politicians & Bureaucrats have ruined this country.
Let them go to China to learn about resource managemnt OR let China invade India & rule here....It may become a pathetic & cruel reality one day because our Corrupt Netas & babus have already played havoc with our National security.They have made sprawling & lavish farmhouses or Mansions in london , Malaysia ,singapore ,USA ,Switzwerland & so on.....they will vanish once the country is attacked. poor Indians will die brutal death...But the poor Indians deserve it..bcoz they have never protested..never raised their voice & adjusted themselves with the circumstances. Now pay the Price...
Posted by:Voice Of India - 27 Apr, 2011
31: well the points are really solid. all those come with practical hands on experience. no school teach you all that and i think those B-SCHOOLS mention those. they just help you understand these things better.
Posted by:Abhishek Ghose - 27 Apr, 2011
32: MBAs impart knowledge, but not ethical and judicious application of the same that is highly context, culture, and individual value specific. That is why you have different companies following different methods to attain their goals and we have scams....Knowledge gained in an MBA program helps one to gain a holistic and logical unerstanding, but what one does with that understanding is purely left to the individual, which will be guided by his / her own attitudes, values and beiefs of right wrong approaches to one goal ...Knowledge in isolation has no value but knowledge with wisdom to correctly and ethically apply is more important. Little bit of spirituality wont harm anyway. Mechanical and over enthusiastic application of knowledge in isolation, is what drove companies like Lehman bros, Enron.... to where they ended up, since B schools taught to make money for investors and how in good times, but never instilled values of introspection beyond knowledge
Posted by:subbu - 26 Apr, 2011
33: An alternative to this is understand Human Personality through Numerological Personality Analysis, and one will be able to understand why certain people behave in a certain way , when least expected.kailashh
Posted by:kailashh sharma - 26 Apr, 2011
34: This r the aspects wr every individual adresses,but everyone fails to give solution...i guess its because every individual is unique in dealing with management aspects.
Posted by:Venkat Patil - 26 Apr, 2011
35: Points are well listed but not supported with sufficient no of examples.
I just wonder that somebody can be trained to do things like follow heart or keep balance in life. These skills can hardly be imparted and has to be learned by person himself.
Posted by:Kedar - 26 Apr, 2011
36: What Crap, the writer knows little or nothing about B-Schools or B-education
Posted by:Amit Arora - 26 Apr, 2011
37:
All richest person and businessman magnets are Bschool drop out..

Nice pattern. Or they didn't or were notable to follow the books , instead they made others to write books on them.


akajai Replied to: Amit Arora - 26 Apr, 2011
38:
Nice observation... i didnt know that... can u name some of them.
Shakil Replied to: akajai - 28 Apr, 2011
39:
The most important thing which few B-schools groom their students is INTEGRITY.
The little Integrity which the home teaches, is lost in the name of business learning.
Students with integrity are "scoffed at" by direct or indirect means.
And so we have organizations that crash, dupe people without even a shred of guilt and even get away with it.
I would say, first teach them human values that are non-negotiable.
In fact, the most important selection criterion for admission should be the personal sense of integrity that the candidate possesses.
Then teach them content and the vital processes that run businesses effectively.
Give me a B-school pass-out with human values intact, I can hire him/her for the long term sustainability of business and reputation building. Content and processes can easily be built up.
Posted by:Venkat S Iyer - 26 Apr, 2011
40:
The more educated the less values
akajai Replied to: Venkat S Iyer - 26 Apr, 2011
41:
Please don't generalize to all branches. I feel that two schools that lack honesty/integrity/ethics are business schools and law schools (both in India and abroad). Also probably the reason why honest students are not that interested in these 2 branches - they rather start their own business instead of going to B-school.
Rama Replied to: akajai - 26 Apr, 2011
42: It has now become a fashion to speak against the norm and get noticed. We can see the same in serials and so called reality TV shows. The same extends to these article writers. It would have been good if the article writer himself/herself had been through a B-school experience and then became successful in their entrepreneurial venture thereafter and then wrote about it. Writing some piece of often heard cliches as an articles belittles the importance of the site as well the columnist who gives time for it.
Posted by:Aavi - 26 Apr, 2011
43:
Well, Aavi, I disagree, one need to be degree holder on the subject matter to talk of subject?
Then no one should or most of the citizen should refrain to discuss anything that is anywhere near "politics" since we are not qualified!
Then with the same yard stick, probably Anna Hazare is wrong to talk of Lok Pal Bill since he has no degree to prove that he is capable doing just to such an important and serious bill which may have great impact (if implemented rightly)
I know none of the reader will agree to this.
One can have experience and keen observation, compare and make comments: since comments are free, fact are sacred!
Well it is not just true of MBA for that matter but for all Degree that our University is churning out in lakhs per year!
shrinath Replied to: Aavi - 27 Apr, 2011
44:
I think the article gives an insight and am talking from 18 years experience in managing manpower some problems are typical and no B school, book, teacher can give u a solution and believe me such kind of problems arise when u least expect them.
Nikhil srivastava Replied to: Aavi - 26 Apr, 2011
45: MBA's are not meant to be entrepreneurs but they are very good managers!
Entrepreneurship is a way of life so you cant blame it on the B schools.
As far as Entrepreneurship and B school students go! not many would want to take risk and start up anyway, if they had that desire they would have started without the MBA..why wait until you finish your MBA unless you are from a second generation business family.
Posted by:Arul - 26 Apr, 2011
46: Haven't seen a more disgusting article ever ! Why just target B schools. I am an MBA and I was taught each of the above .. not just theoretically but also practically by way of case studies ! Also what is taught and what is not depends to a large extent upon the faculty, environment and on the desire of the student itself !

Posted by:Parul - 26 Apr, 2011
47:
disgusting article. Siliconindia is a rubbish portal.
jagan Replied to: Parul - 26 Apr, 2011
48:
And that fellow Dale carneige died of a disease not suicide
Parul Replied to: Parul - 26 Apr, 2011
49: Thanks for this article, Only the management with ethics can solve the problem of this country.
Posted by:Pramod - 26 Apr, 2011
50:
@pramod: i agree wt u.
pankaj kumar Replied to: Pramod - 26 Apr, 2011
51: nice article .
Posted by:Haresh - 26 Apr, 2011
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