A Quote by Henry Mintzberg
It is time to recognize conventional MBA programs for what they are - or else to close them down. They are specialized training in the functions of business, not general educating in the practice of management.
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Filmmaking in general is my second career. I thought that writing wasn't practical, so I went to business school and got an MBA, and I worked three years in grant management.
Specialized management courses are useful but should come well after the complexity of management and business are understood.
Most regular, two-year MBA programs provide both experience and the capacity to link together the essential elements of management such as finance, marketing, organizational behavior, and operations.
Conventional sports have undergone an evolution in training methods during the last fifty years. Curiosity and the inherent improvement brought about by competition have driven this evolution to a state of high refinement such that today's athletes have a very specialized approach to training at the elite levels.
The original and brilliant idea of an MBA was the opportunity for students to study the theory and application of business and management principles.
Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.
I found marketing to be highly descriptive and prescriptive, without much of a foundation in deep research. I brought in economics, organization theory, mathematics, and social psychology in my first edition of Marketing Management in 1967. Today Marketing Management is in its 15th edition and remains the world's leading textbook on marketing in MBA programs. Subsequently, I wrote two more textbooks, Principles of Marketing and Marketing: an Introduction.
Parenting is one of the best management training programs there is.
When you talk about aiding this country against that country or about fighting terrorism, when you actually take that decision and strip it down, it always comes down to one person in the field giving specialized training to somebody else in the field.
Today many American corporations spend a great deal of money and time trying to increase the originality of their employees, hoping thereby to get a competitive edge in the marketplace. But such programs make no difference unless management also learns to recognize the valuable ideas among the many novel ones, and then finds ways of implementing them.
It was hard to become an astronaut. Not anywhere near as much physical training as people imagine, but a lot of mental training, a lot of learning. You have to learn everything there is to know about the Space Shuttle and everything you are going to be doing, and everything you need to know if something goes wrong, and then once you have learned it all, you have to practice, practice, practice, practice, practice, practice, practice until everything is second nature, so it's a very, very difficult training, and it takes years.
I've decided to study the MBA, as it's crucial to have comprehensive knowledge of business administration and management in running science technology institutes as well as making science-related policies.
I've been among their critics [MBA programs]. Much of what I've seen in business schools is quite non-rigorous. Anecdotal histories are stretched to illustrate favored slogans. Evidence of their effectiveness is similarly anecdotal.
Certification programs for social media are blossoming as a response to the demand for more social media training. Both industry professionals and recent graduates are tapping into tactical training programs to help them stay up to date as the industry grows.
Nothing that I've done has been conventional. I didn't go with a major label, I didn't sign up with the bigwig management that basically has everyone but doesn't have time for anyone. I didn't win 'Idol' - I was seventh. I don't do anything how everybody else does it.
The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.
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