TEXT C It is incongruous that the
number of British institutions offering MBA courses should have grown by 254
percent during a period when the economy has been sliding into deeper recession.
Optimists, or those given to speedy assumptions, might think it marvellous to
have such a resource of business school graduated ready for the recovery.
Unfortunately, there is now much doubt about the value of the degree -- not
least among MBA graduates themselves, suffering as they are from the effects of
recession and facing the prospect of shrinking management structures.
What was taken some years ago as a ticket of certain admission to success
is now being ex posed to the scrutiny of cost-conscious employers who seek
’can-dos’ rather than ’might-dos’, and who feel that academia has not been
sufficiently appreciative of the needs of industry or of the employers’ possible
contribution. It is curious, given the name of the degree, that
there should be no league table for UK business schools; no unanimity about what
the degree should encompass; and no agreed system of accreditation. Surely there
is something wrong. One wonders where all the tutors for this massive in fusion
of business expertise came from and why all this mushrooming took
place. Perhaps companies that made large investments would have
been wiser to invest in already existing managers, perched anxiously on their
own internal ladders. The Institute of Management’s 1992 survey, which revealed
that eighty-one percent of managers thought they personally would be more
effective if they received more training, suggests that this might be the case.
There is, too, the fact that training alone does not make successful managers.
They need the inherent qualifications of character; a degree of
self-subjugation; and, above all, the ability to communicate and lead; more so
now, when empowerment is a buzzword that is at least generating genuflexions, if
not total conviction. One can easily think of people, some
comparatively unlettered, who are now lauded captains of industry. We may,
therefore, not need to be too Concerned about the fall in applications for
business school places, or even the doubt about MBAs. The proliferation and
subsequent questioning may have been an inevitable evolution. If the Management
Charter Initiative, now exploring the introduction of a senior management
qualification, is successful, there will be a powerful corrective.
We believe now that management is all about change. One hopes there will
be some of that in the relationship between management and science within
industry, currently causing concern and which is overdue for attention. No one
doubts that we need more scientists and innovation to give us an edge in
increasingly competitive world. If scientists feel themselves undervalued and
underused, working in industrial ghettos, that is not a promising augury for the
future. It seems we have to resolve these misapprehensions between science and
industry. Above all, we have to make sure that management is not itself smug
about its status and that it does not issue mission statements about
communication without realizing the essence of it is a dialogue. More
empowerment is required -- and we should strive to achieve it. MBA: Master of
Business Administration In the writer’s opinion, ______.
A.science increases competition B.scientists arc undervalued C.the management of science needs reassessment D.management feels smug about its status