Time to revamp KU's MBA

It is MBA,not M.Com

MANAGEMENT EDUCATION

MEBOOB MAKHDOOMI

The degree of Master of Business Administration (MBA), which was started by Graduate School of Business Administration at Harvard University in 1908,reached Asian subcontinent in 1955 when the Institute of business studies,in Karachi launched this program in association with Wharton school of the University of Pennsylvania,USA ,under the University of Karachi, Pakistan. After that, it went to Europe in 1957 when INSEAD became the
first business school to offer an MBA degree.
This century-old degree has proved to be of phenomenal help to the counterpartsate world, to attain its unprecedented prodigiousness. Due to such benefits which the holder of this degree brings to the table, 'employer
demand' for such professionals aggrandized, which eventually made their
salary packages nearly insurmountable in the job market.Understandably,
MBA became the most expensive non-science degree program and its ubiquitous acceptability captivated and fascinated millions of
students across the globe.
Of late, this post graduate course has become the most popular one in
Kashmir as well,especially after the fortunate deviation of people's
traditional liking for Medical & Engineering fields alone. The University
of Kashmir and its affiliate colleges have responded to this requirement
and introduced the said course, including its bachelors degree (BBA), even
though any under-graduate is eligible to register for an MBA (which again
amplifies its 'aspirant base'). However, the way this program is being
operationalized defeats the purpose of introducing this course and the
cardinal reason for its inefficaciousness is that it is being coalesced
with the conventional M.com degree,notwithstanding colossal discrepancies
between the two. Unquestionably,academic system in Kashmir has a humongous experience in managing commerce degrees of B.com
and M.com but MBA of this era is altogether a different ball game. It should not be herculean to comprehend that if M.com was already in place, then
what was the motivation to come up with an MBA? Logically, there must be
something different and that contrariety, if understood can solve the
quagmire and same divergences between the two programs are to be delineated and applied to the MBA course.
 Let us try to do it here. MBA is a professional course, while M.com
is not. Most substantial dissimilarity is that MBA is an applied program,
unlike other academic ones. Applied academics is an approach which
concentrates on how academic subjects can apply to the real world and it
goes ahead of theoretical knowledge by actually studying how the same can
be practically applied, which means it has two components---acquiring
knowledge and then learning how to apply it.The second one, being most
significant one, is totally missing in Kashmir's case.
This is also called contextual learning,which require innovative teaching methods to be adapted,wherein lecturer himself needs to know the
way companies apply theoretical business models practically and should be
able to exemplify it,make class more interactive and also explain the
need of studying the topic. Students should feel connected with the
corporate world from their classrooms. This calls for either the faculty to posses industry experience or at least facilitation of industry experts as guest
faculty, on a regular basis. How many of our Kashmiri BBA's or MBA's
read news about Finance,Economics, Markets, even though libraries are full of such facilities? Howmany of our MBA graduates can actually understand
stock market page of ‘TheWall street journal’ or even the national ‘Economic or Financial times’?How popular is NASDAQ and ‘New York Stock Exchange’(NYSE) or even ‘Bombay Stock Exchange’ (BSE), not in terms of definitions and abbreviations but in terms of staying abreast about its ratings and fluctuations? Forget about students, how many faculty members prefer browsing live stock market update websites over Facebook? How many write for journals regularly except few eminent ones? Why is it not mandatory for faculty to be involved in research, like everywhere in the West? Apart from these questions, how much do business schools emphasize on soft skills, problem solving and Interview skills, leadership and global orientation (exposure).Many of our senior faculty members and
administrators are highly competent and knowledgeable, which means they alone can not be held responsible.
It is the over all system, right from the syllabus design, setting of
examination papers to the grading pattern, all of which forms the mindset
of students in terms of their priorities. Exam questions are not engineered
to challenge student’s creative and business skills. Grading system
encourages students to stick to the syllabus and discountenances them to
think of their own, as bookish definitions are considered to be safe as
they fetch highest grades. Facultyand administration should promote real MBA skills as much as they can, so that students can have that
MBA personality, because the ‘system overhaul’seems to be a distant dream.
(Mehboob Makhdoomi is an MBA from Pennsylvania
University,USA, with a research degree from Britain.
Email: Makhdoomi.mehboob6@gmail.com)

Lastupdate on : Sat, 12 Jan 2013 21:30:00 Makkah time
Lastupdate on : Sat, 12 Jan 2013 18:30:00 GMT
Lastupdate on : Sun, 13 Jan 2013 00:00:00 IST




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