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blog MBA2

Well actually all qualifications have value and some may help you secure a job, but what I’m talking about is that they aren’t always necessary to have to develop certain skills.

 

So here’s what I’m talking about. I was away, in my hotel, reading the standard hotel magazine thingys they leave out for you. Not because it looked interesting but Id dismally failed to pack anything to read. I though I’d have enough to do facilitating this course and perhaps re writing some of it as the participants gave feedback (they were the first to try the course).

I found an article on MBAs and specifically this page (see the photo).

So I read through the learning’s that you get from an MBA and my immediate reaction was one of incredulous laughter. Remember getting an MBA can cost upwards of $30,000!

I, as a humble business coach, who has lived in both hemispheres, haven’t gains an MBA. I have other degrees and qualifications but actually started and rejected my MBA course early on.

So the learnings:

There is never only one answer – now if you have children you don’t need a MBA to learn this fact. If you have siblings you’ll know. If you’ve been to school and argued with a teacher, you’ll know. So I’m wondering how sheltered does your life have to be if you have failed to register this fact until you spent a considerable sum of money and a considerable space of time to get your MBA? Bearing in mind the typical age range of an MBA student is 28-45.

Think multi-discipline – Maybe I’m oversimplifying but most problems have a source that requires resolving as well as the original problem. If your light bulb flickers, to resolve the problem you can turn it off, but unless you resolve the fluctuating power supply or replace the light bulb, chances are when you turn it on again it’s still flickering? Your business could be running short of cash, to resolve this you could inject money, borrow money and/or make more sales. But unless you tackle the budgeting issues, the seasonal fluctuations, the expenses and/or poor sales and marketing, chances are the initial problem will repeat.

Approach the problem from many angles – really? There’s more than one way to skin a cat you say? To illustrate this think medically – my back is sore, I can take a pill, see a chiropractor, go to a health shop. I may have faster success if I attempt all three.

Learn to ask the right questions (ah as an MBA still stuck on problems I see). Of course learn to ask the right questions. Firstly you need to understand what it is you need to know. Maybe you wonder whether this new product or service you are developing will sell? The right questions would be asking directly if someone would buy your new product/service; how will they use it? what would it be compatible with? Or do you really want to know how much to sell it for? If so you need to ask how much would you pay for this!

Attitude trumps ability. SO if you’ve studied and got your MBA but your attitude sucks……..just saying! I have seen many small businesses succeed because they have believed and persevered; two traits in your attitude. Abilities can mostly be taught and learnt – remember that

Business is still all about people. You needed a qualification to tell you that? Look at a BNI, a business networking group, a rotary, and a club. These things already tell you that. In school you had cliques and groups that all “bought into” the same things. Things and values in common. A famous bank had a saying “Customers (people) are our business, without customers (people) we have no business”. And without staff (people) you have no one to run it either.

EQ over IQ – this article

Watch out for business cliché traps. People use excuses to cover up poor decisions. They always will. This leads back to asking the right questions and then solving problems

One size does not fit all. Hey coaching firms with tick box lists – can you hear me? Every business is different; every owner of every business is different. They have different goals, dreams, personal agendas and beliefs. Coach the individual owner and business, not apply one brush to an industry segment.

 

I’m not belittling the MBA I’m just pointing out that there must be more “wow” learnings from such a course?

Never stop learning and challenging yourself.

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