Saturday 31 May 2014

So U have an MBA :p

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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