From the Guardian: Why we should bulldoze the business school Excerpt: I could not agree more - and I teach in these schools. Reading a good MBA-book will give you all the "root knowledge" you need to know. Besides, the knack for "marketing" is innate in those who succeed at it. No amount of learning or credentials can change that fact. And if it is not innate in you, don't expect an MBA-course to teach you the art. Mankind has come a long way in past 2000 years of existence, and most of the time without any genuine treatise on how to market and understand sell products/services. Either there is a demand for them, or not. And no MBA course can teach you which of either is more probable. Customer demand for products/services depends upon ... human perceptions of their own personal needs/desires. The understanding of which is more psychological than any other elemental factor ...
Obviously, the free market values MBA's and hamburgers so there is no reason whatsoever to get rid of them. Also, B school is about many many aspects of business other than marketing. Do you understand now?
I graduated with an MBA 48 years ago from what was considered the best business school in the world. I came from a very poor background, borrowed every penny to go there, and that degree enabled me to live a life that my parents could only dream about. I never took advantage of anyone, I created jobs, and my services helped many individuals and families. Part of the problem is that the degree became popular and every school began to offer one, regardless of the qualifications. Still, not a bad thing to do if you want to go into business.
You're experience is quite possibly unique. The world of retailing just aint like that anymore ... the Internet changed everything. Because it altered the method by which the customer was put in contact with a seller about a product. And this is just the beginning. We aint seen nuthin' yet ...
Hey I just about **** my pants when my youngest changed his major from biomedical engineering to marketing. He then was hired by the company that he interned with, that company paid for his MBA ,he did have to sign a contract. He will be 25 in July and nearly make what I make which is near 100k, so I guess it is working for him so far.
Along with a whole lot of other so-called "career" schools. Almost borderlines on a scam, often from people who don't have that much money in the first place. In many cases, in the U.S. government is subsidizing these loans from private finance companies, getting naive young people into loads of debt from which they may never be able to get out of.
He did some customer interaction concepts that were actually accepted by upper management, websites changed, updated and applied to 26 different facilities nationwide and then travelled and was part of the launch team. He seems to have a knack for this kind of stuff.
Yeah, so far. Until the fit hits the shan again, as it did in the Great Recession. And it will happen again. There is no reason why it should not. The US has learned nothing from the root-causes of that downturn. (The Replicant Congress wants to change the laws that would prevent the Subprime Mess from happening once again. DC gets dumber by the minute. History is yesterday, and the Dodd-Frank Act passed in 2010 is ancient history.) Donald Dork promised Americans the moon, and they fell for it hook, line and sinker. Those who don't understand the mistakes of modern-history are obliged to repeat them until they do ...
I wasn't in retail. But I agree that traditional retail from a store or stores is perilous today. Would not want to own a leveraged mall.
OMG!! of course that makes no sense whatsoever. Try to get a liar or no down payment loan on a new house today!!
Whatever, I've been through (4) recessions in my adult life, and never been unemployed, always provided from myself and family, hell I even worked (2) jobs in my field and the wife went back to work when we had multiple kids in college during your "great recession". The difference is that there are people that still do what is required even when it is hard, and people that don't. I don't count on anybody but me, the fact that you believe the wrong president was elected and therefore your best interests will not be served is telling to what kind of person you are.
This forum is not about you, you, you. (In fact, look up the words "debate" and "forum"!) The subject is wide-ranging but centered around National Economics. Your personal experience may be relevant, but it is never determinant. Only statistically provable/observable facts matter in an Economics Debate forum. All the rest is just useless banter better left on a Message Board ...
