The following is from an interview Steve Coomer had with Professor Henry Mintzberg. The excerpt below was taken from the discussion regarding what it takes to be an effective manager and why an MBA is not necessarily part of that equation.
You suggest that the dominance of the MBA as an educational standard has corrupted managerial practice. Why is that?
Well, because you have people coming out thinking they are prepared to manage, and they are not. And what is even worse you get people coming out who don’t even go into management, they go into consulting or finance. They do an end run around management and end up leaping from consulting jobs, or financial jobs, into chief executive chairs. And I think the performance of many of them is just plain dreadful. There are exceptions, but a lot of them fail terribly.
But what is it about an MBA education which you believe often makes people ill equipped to be leaders in corporations?