In the aftermath of the financial crisis there were many discussions on the effectiveness of top business schools in grooming business leaders as corporations led by Ivy-league trained CEO found the going tough and many asked for government protection in the US. Is it true that what is taught in MBAs or DBA of such business schools are no longer relevant in today's business climate? I don't think that it is entirely true. In truth, due to globalization and the advent of e-Learning I believe that the same management principles and tools are readily available to potential captains of industry worldwide and it would be hard to explain while such management principles and tools can be used successfully in some countries while is not in others. Therefore, I believe what is been taught is not the issue but how it is been applied and the characteristics of the people apply such principles and tools that is the problem.
Top executives do not just regurgitate concepts and theories to the issues at hand in business but uses such concepts and theories within the framework of their past experiences and personality. in this premise I would like to use the "Value Added Management" to describe this process. I believe that no amount of studying can make someone a good chief executive. Chief executives must evolve into a position and in the process they are given the opportunity to learn the industry, the intricacies of each function area of the company as well as the interpersonal skills (include politics within that specific company). Even an MBA graduate with distinction will not be able to apply what he learns unless he or she has the Value Added part of the requirements that CEOs should have.
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