Everybody is an MBA!
Many people get stuck in a financial bubble. It happened to me
also. I know from experience that it is easy to identify a bubble when it has
already burst and everyone agrees on its existence. But how do you avoid
bursting with it, pushed by the “everybody-is-doing-it” effect, when there is
no such consensus?
Let’s start with a fact: To avoid getting stuck in a bubble, you
should not wait until everybody agrees there is such a bubble. For the
many young and brilliant professionals that could get stuck with massive
student debt, the risk of the existence of a higher education bubble might be worth deep consideration.
The MBA schools of the late 90s and
early 2000s did a relatively poor job of preparing people for startups. MBAs
learned how to analyze existing markets, but knew nothing about creating new
markets. In general, the MBA education was geared towards attaining positions
in large, established companies rather than new entrepreneurial ventures.
At this point, it’s probably not difficult to understand why MBAs
carry little credibility in startup world. So why am I even asking the
question? Nobody is willing to hire MBA’s because there is, high ROI investment
expectations from an MBA side without adding up much to the skills in past two
years of course.
Before the bubble burst it’s the
high time to look for other lucrative options to own the world J
-VS21
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