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Do MBAs make better entrepreneurs?

Question asked by Kaustubh Katdare in #MBA on Aug 27, 2009
Kaustubh Katdare
Kaustubh Katdare · Aug 27, 2009
CEO @ CrazyEngineers, TEDx Speaker, Guitarist
One of the discussion topics given to us, when I was a student:

Do MBAs make better entrepreneurs?

Your take? Posted in: #MBA
safwan
safwan · Aug 28, 2009
Member of CrazyEngineers
I feel If you dont have any knowledge of business then you have to go for it .😀. but for Some students like their parents are already in business so they get their children experience and student it self get knowledge about business so for those kind of students they dont go for MBA.

well, here qestion was do MBA make better entrepreneurs ?

being commerce student I support MBA but if you have already skills they their are no limits in business without MBA also you can become best entrepreneur. But modern study's lets student or a person to do his / her business with current trend , Yes again for already working persons they might have this skills.:sshhh:
silverscorpion
silverscorpion · Aug 29, 2009
Member of CrazyEngineers
MBA is not necessary for anyone to become an entrepreneur. Examples are aplenty. Many major entrepreneurs to the likes of Bil Gates, Steve Jobs, Branson, Dell etc, idnt go through a regular management education.

They learnt management as it came..

But if you think what would have happened had they studied management, things become interesting.

I couldn't decide between if their entrepreneurial skills would have been honed and if they wouldn't have become an entrepreneur at all..


So, my choice would be, MBA's need not necessarily make better entrepreneurs. But in some cases, they do, too.
blacrobous
blacrobous · Aug 30, 2009
Member of CrazyEngineers
well i dont think MBA is required for someone to become a good entrepreneur. MBA just teaches someone to use and extract resources a bit effectively and think in a wider perspective about the market. For some fields of engineering and entrepreneur is not an MBA guy but they run their companies effectively but for some companies which have public issues shares and stuff a guy who has done MBA would be prefferable to be the entrepreneur.
Mr.Don
Mr.Don · Sep 2, 2009
Member of CrazyEngineers
A Good Engineer can do things better than a MBA student but it has its own value.
blacrobous
blacrobous · Sep 6, 2009
Member of CrazyEngineers
dileep k
A Good Engineer can do things better than a MBA student but it has its own value.
true 😛 or else MBA would be considered useless
Prasad Ajinkya
Prasad Ajinkya · Sep 18, 2009
Member of CrazyEngineers
I don't think MBA's make better entrepreneurs (believe me I am one wanting to be the other 😀 )

In b-schools, you are taught some of the following things -

* A company is for profit maximization of its share holders
* Facts and figures are paramount for making a proper decision
* The more the clarity, the better is the function

Somehow these concepts get morphed into functional and idiotic thinking. That's why managers are "so popular" among their juniors.

I don't think entrepreneurs look at their businesses in the same light. They take decisions on the fly ... in my experience, I have seen very few MBA's who can do that.
safwan
safwan · Sep 18, 2009
Member of CrazyEngineers
I remember story of recession posted my I think mayur pathak or somebody else ( sorry i dont have link now ) . Where a MBA student guide his dad to reduce employees in recession but actually it was prevention .

My second point as Kiddaka said Entrepreneurs they take decisions and fly exactly they stuck to their idea and MBA student will let the thinking of person idiotic and hell be more thinking in demerits then merits.

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