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What Books dont teach but B-schools do

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Posted on December 17, 2014 by IBS India

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Books may teach you about the business functions but they wont teach
how you can possibly they be a part of the functioning. Books may teach
you about the business but it wont teach you about its management.
For the on-field knowledge about business, theres B-school.
Business Management is a craft. Its based on experience. Then, theres a
component of art, of insight and creativity. It is not a science but it uses
science. B-schools teach analysis, teach the functions: marketing,
finance, accounting in terms of theories and cases. B-schools introduce
you to the world of business, to the customer, to the people; B-schools
teach you the practicality of business industry unlike the bookish
theory. Lets find out.
Teamwork An overview of corporate world
In the world of I, Me, Myself, B-schools teach you to give importance to
the we world i.e., teamwork. At the beginning of the year, they ask you
to create a team of 3-4 participants that will give back records. On most
occasions, teams are formed by the MBA Program itself and include
people of diverse backgrounds and interests. The idea is that through
teamwork and interaction, MBA participants will share their experience
to provide a more global view.
Pedagogical methods From theory to practicality
In an open and flexible environment, academic excellence and practical
experience, the content of the curriculum in an MBA program is
balanced between formal business education and real-life problem
solving. It is a mix of teamwork with competition and teaches the skill
that will enable the students to grasp new ideas and seize new
opportunities. MBA program combine the theoretical and practical
approach. The practical approach relies on real-life business cases, the
IBS case study approach is unique and one of a kind and allows the

student to understand management & businesses better. The theoretical

basis relies on seminars and lectures which are equally significant but
cannot be utilized without application.
The faculty members Hear it straight from the horses mouth
The faculty members at MBA program usually have a PhD or
experience with a top management level providing a high level of
education to the students. From consultation to top companies to
applying academic theory and the practical lessons they learned in the
management ranks, they have done it all. Its like taking lessons from
the people who have gone to the battle field and conquered it all.
Furthermore, there are more and more guest speakers who come to
class and bring a practical point of view to the courses taught by faculty
members.
Elective subjects the power of specialization
MBA program offer elective subjects through which students can adapt
the course to their practical needs. The student who is interested in a
career in finance may focus on electives in the field of finance, the one
who intends to start up his own business may focus on small business
management or the one who wants to be into HR management can pick
management of human resources.
Not only the choice of subjects, the program also offers relevant
expertise & experience through internships & projects in their chosen
area of preferred careers.
Soft-Skills
English Get a grip of this global language, Being an international
management degree and originating from the United States, MBA is
usually taught in English. This opens the channel for working in the

global markets. Right from educating the industry terminology to

sharpening the intercommunication skills, you can master the language
and its benefits to apply in your career for years to come.
Not only language MBA @ IBS includes Soft-skills with equal credits as
the electives. A student at IBS receives proper soft-skills grooming &
training on language, management skills and people skills.
Practice vs. Theory

Books are there to mug up the theory but practice of those theories is
necessary to implement the knowledge gained. In order to develop a
more practical understanding of business, MBA Programs have
developed compulsory industry projects, internships that are part of the
curriculum and grading as well.
Social responsibility Its important for a progressive Nation
Apart from providing good education, discipline, ethical and moral
values, MBA teaches social responsibility to the students. Some MBA
schools have special focus on the rural development and they teach as
well as take many initiatives to work towards it. A simple contribution
like clothes donation to a noble task of teaching the unprivileged, every
activity aims in rural and social development. Educating an emerging
subject like this goes on to prove that management education is a

constantly evolving subject.

Technological approach A high-tech environ for high-end thinking
solution
Technology has helped us traverse not only to space, moon but to a
neighboring planet as well. It is this technology that transforms dreams
to reality. When it comes to MBA program, they tend to offer the highest
possible level of service to their students, including: IT classrooms,
completely wired buildings, the most up-to-date information
technologies, large libraries, all sorts of business databases etc. This in
return makes the students more tech-friendly.
Modern business challenges Bring it on
Whenever there have been changes in business practices such as
globalization and the development of new technology, MBA program
have also gone through content and program changes. As a result of
these changes, new subjects have appeared such as international
finance, supply chain management, total quality management, ecommerce and information technology. New disciplines have also been
introduced such as politics, religion, history, ethics and communication.
So MBA always teaches us the sense of evolution.
Now, all these are not complied as one chapter of the book though. In
the first year of an MBA program, the students learn the core disciplines
of management education and then go on for specializations. Initially,
emphasis is put on the fundamental subjects such as principles of
management education, the basic concepts are taught in the first year of
the MBA program, it develops an all round perspective of the student. In
the second year, students can opt for specialization in selected areas of
management. The second year of elective papers gives a student a good
understanding in one particular area and provides them with good

exposure to practical work also.

We recommend Books for always but an MBA Program can possibly
change what you can extract out of those books.
Contributed byJigyasa Laroiya
This entry was posted in Alumni Speak by IBS India. Bookmark the permalink
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