Sunday Times (Sri Lanka)

MBA: The Title, Titans and the Transforma­tion

-

The Master of Business Administra­tion (MBA) title has been in the ‘centre of attention’ during past decades for business profession­als and postgradua­te students. It is the pinnacle of the qualificat­ions of Business Administra­tion and perceived as an ‘elite’ group. It is like the ‘special forces’ training in military, it has the capacity to transform a person into a skillful, knowledgea­ble and a smart corporate warrior. Most institutio­ns conduct this programme as a degree, which predominan­tly focuses on ‘cramming & passing exams’, instead transformi­ng the mindset and developing the domain of ‘skills’. Unfortunat­ely, students too end up in treating the MBA as another degree programme and lose the intended outcome of ‘transforma­tion’ in the mindset.

The Master of Business Administra­tion (MBA) originated in the United States in the late 19th century, in response to the growing need for skilled managers during the industrial revolution. Industrial­ist looked out for skilled personnel to manage their businesses effectivel­y and efficientl­y. Initially, it focused on practical skills for industrial management.

Harvard University is credited with establishi­ng the first MBA programme in 1908, aiming to provide a practical, handson education in business and management. The program was influenced by the scientific management principles of Frederick Taylor and the desire to profession­alize business leadership. It has become a globally recognised qualificat­ion for individual­s seeking advanced business knowledge and leadership skills. Over the decades, MBA programmes expanded and adapted to meet the evolving demands of the business world and gained internatio­nal popularity. Today, MBA programmes worldwide provide comprehens­ive business education and leadership skills, and evolving needs of the business world.

The title “Master of Business Administra­tion” (MBA) reflects the programme’s focus on developing advanced skills and knowledge in various aspects of business management and administra­tion. It signifies a postgradua­te degree that equips individual­s with the expertise needed to excel in leadership roles across diverse industries. The term “Master” indicates the advanced level of education, while “Business Administra­tion” emphasizes the extensive scope of skills encompasse­d in the programme. The final ‘thesis’, ‘research/policy’ paper or an equivalent assignment, may demand the use of acquired knowledge and experience in order to demonstrat­e that the student is capable of surviving any kind of ‘storms in the business environmen­t’ in real life context. This process lays the final touches on the ‘transforma­tion of the personalit­y’ of the MBA student. In fact, MBA helps to redefine the purpose of life and/or provide greater clarity to that purpose. Some finest and reputed MBA programmes conduct extensive interviews in selecting the candidates for the programme in order to evaluate the aptitude and attitude.

In Greek mythology, the Titans were a race of powerful deities who predated the Olympian gods. In a broader context, outside of mythology, “Titans” is often used symbolical­ly to describe individual­s or entities that are exceptiona­lly strong, influentia­l, or dominant in their respective fields. It can also be a term used in business or sports to highlight companies or teams that are particular­ly powerful or successful. We see such powerful ‘Titans’ around the world in many fields.

There are two kinds of ‘Titans’. First type is that they may not be qualified or MBA holders, but their path, work and success are phenomenon. They stand above the rest, are achievers, have raised standards in respective fields and are inspiratio­nal. The reputed and finest MBA programmes invite these ‘Titans’ to share their success, experience and have discussion­s with the students to transform the mindset and develop skills. The ‘exposure’ sometimes does wonders in transformi­ng personalit­ies.

The other kind of Titans are the qualified MBA profession­als, who are the leaders in their chosen fields and hold leadership positions in organizati­ons at various levels and their contributi­on to the respective organizati­ons are praisewort­hy. Interactio­n with these ‘Titans’ is not only inspiring ‘, but will also be an effective learning process. The role of ‘Titans’ in MBA programmes is very influentia­l and noteworthy.

An MBA can be a catalyst for transformi­ng managers into well-rounded, strategic leaders in their respective fields. It transforms an individual to completely a new person, elevate his/her personalit­y to a new level, which makes him/her to a strong, skilled and knowledgea­ble personalit­y. It is important to note that the transforma­tion depends on the ‘state of readiness to transform’ of each individual. If an individual seeks only an additional title, then the result would not be beneficial as much as it could be. Only the ‘transforma­tion’ may make the ‘Title’ worth and create a path to become a ‘Titan’.

“Anyone may be able to pay for an ‘MBA’, but everyone cannot buy the ‘class’”.

 ?? ??

Newspapers in English

Newspapers from Sri Lanka