First, learn to think fuzzily. There is a lot of specificity we are taught. But aspirations and our vision of the future are fairly fuzzy. B-schools should emphasise non-linear thinking. At B-school, revenues scale up from 100 to 130, 160, 200, 250 and so on. In real life, things are a lot more chaotic and revenues are more likely to be 100, 90, 105, 225 and 400! In real life, cause and effect are not as clear as they are at B-school. Luck and chance play their roles. Life is random and management education sees too many systematic patterns in this randomness. The B-school model is too compartmentalised and orderly. In real life, most functions overlap and a good manager has to have an eclectic approach to doing things. I would love to see an MBA curriculum include poetry from Robert Frost, Patanjali's Yoga Sutras and the Bhagawad Gita. And finally, remember, it is not a rational world out there. Unlike the economic models and management models, the real world is not made of logical, rational people. In real life, people have strong likes and dislikes; they have egos and anxieties. A good manager has to understand this along with his own sporadic irrationalities! Rashesh Shah is CEO, Edelweiss. He graduated from the Indian Institute of Management, Ahmedabad, in 1989. |