Despite large quantity of MBAs coming out of various institutes & b-schools the industry generally bemoans the shortfall in supply of trained professionals. Why do the new MBAs lack the industry relevant skills to enhance their employability quotient? Reasons are many fold encompassing syllabus, non-availability of teachers, lack of exposure and a general absence of aptitude.
The students who join the MBA & PGP courses are not to be blamed only; it is the manner the course curriculum is delivered. Firstly MBA cannot be taught in group settings alone as it is against the basic principle of adult learning. Students coming from different backgrounds must be taught separately. The lack of exposure of the teachers to the business complicates the matter further. Therefore the teacher ends up teaching MBA students as if they were doing some accountancy or economics studies. Lecture after lecture continue without learning about the industry and business domain.
How could a student study the marketing of passengers’ vehicles without knowing the name of major players and the product mix? Umpteen numbers of teachers discuss Coca Cola Pepsi etc in the classrooms without knowing the turnover of these companies. We, the teachers, must bring industry knowledge into the classroom if we wish to produce a student that could be employed in some industry.