Is Management Education Required for Business?


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Uttara Deb said: (Aug 23, 2017)  
Hello, everyone.

To my opinion, management education is not necessary to run a business though it helps in gaining knowledge theoretically. How to effectively utilize the resources and make a profit within a given time. Management quality is something that comes from within. Theory based education only can show someone the direction but how to walk in the thorny path it depends on individual talent and skill. If someone wants to gather knowledge in the field of management then the internet is full of resources. To run a business it needs passion and dedication. More education doesn't do the whole job. So to excel in a business management education is not the most required ingredient.

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Harsh said: (Apr 30, 2017)  
As per me, management education is required so that we can work more effectively and efficiently.

Even be safe from committing mistakes due to which many of the businesses fail.

As management education is just the experience gained by successful managers that why it helps us to take correct decisions and avoid committing mistakes.

As 90% of the businesses fail due to lack of proper management.

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Nitin said: (Apr 21, 2017)  
I totally agree with the point that "experience is the best teacher". But nowadays, there is a fierce competition in the market and in order to run a profitable business the prior knowledge about it is good for the business.

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Sonu said: (Apr 17, 2017)  
Hi, friends.

According to me, management study is necessary for running a business in a better way. For the sake of argument, some of you may take the names of some famous businessmen who did not have proper management degree but are very successful, but they are very few and they may be gifted people, for most of the common people, we need proper education on how to run a business.

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Kareena said: (Feb 19, 2017)  
According to me.

Mangers are not born. Some of them can be born with the golden spoon.

People need certain set of skills, knowledge and experience to do business. Management education is one such subject that makes students aware of the business environment.

Considering steve jobs are all drop out from the best colleges.

It also depends upon the instincts and family background.

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Summera Naz Chang said: (Jan 18, 2017)  
According to my point, education is most important for business management why because the manager is big and long time period run of business after owner manager is lead control planing and organizing the business these skills is basic need for business management so how to lead without educational for business management. :) thanks.

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Rukhsana Banu said: (Aug 20, 2016)  
I think that management education is required or not, both is important because as above said that many famous business persons are not that much educated but through their skills, knowledge, innovative ideas, leadership qualities, confidence and much more they have become a successful business persons accordingly. If people take the management education they will have new techniques, ways of how managing the people. Product and the business with less time consumption and improved capability.

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Deepa said: (Feb 25, 2015)  
Hi Friends.

According to me management education is not important for business. In India so many people are depending on business and many successful business man's are not certified on MBA but they are getting more profits. Management education is only helpful for how to manage the people and knowledge of business but it's no use.

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Shankar Negi said: (Jan 18, 2015)  
Management education is necessary, because management is backbone for a business. Many of you will say if management is necessary then how these people like Dhirubhai Ambani, Ratan Tata, Steve Jobs and Bill gates done successfully his business without any management education then I want to say these people generate idea but for that idea they need management people. In current scenario if you will lookout employees list of any company then you will find-out many from management background.

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Achira Panda said: (Nov 26, 2014)  
Management education is not so much necessary for developing a business. A person who consist practical and concurrent goals, good leadership qualities and have that much ability to face and overcome any situation either positive or negative and is confident enough to take discussion he or she can grow a business very efficiently. Thank you.

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Achira Panda said: (Nov 26, 2014)  
According to me management study is not so much necessary for developing a business. A person who have inner ability, correct goals, concurrent thoughts, strong confident level and most important good leadership qualities then he or she can grow a business in a very efficient manner. Any management degree is not needed for this.

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Chirag said: (Nov 11, 2014)  
I think Management education is not necessary because if we have a great experience for a long time and we take all the managerial decision than obvious our company is go to the way of success.

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Jeeva said: (Sep 29, 2014)  
Management education is important, because every successful business man in the country should have managed both the product & people in an efficient manner. Some of them had greater skills in management, hence they don't require management studies. But we, those who have quite good skills will take much time to get that kind of knowledge on management. During the study itself, we will be fully prepared for the management of the people & product. It will be saving the time & also improvise our management capability.

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Uttam Gulia said: (Jul 11, 2014)  
Not at all. Management Education is not required for business but inner ability, inner virtues. Dhirubhai Ambani was not a management degree holder. He started his career from the short and on the base of his ability and positive affords he got the bigger, higher and more than he had desired. Even there are other examples which tells the same.

So only having Management education is not enough, you should have inner instinct to get what you desired in business.

Thank you.

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Harshita said: (May 11, 2014)  
HI,

Today's World what matters is how well you can carry your Business and how you deal with the business scenario.

So it depends from person to person of conducting the business.

Some may require the basic knowledge of the Management, since He/She may not be completely aware of running the show.

But in some cases it is not true, they learn to do or else they manage the business as they grow in their Professional out of experience.

Or they Learn how to manage out of experience.

But to achieve the excellence and to be ahead in the competition one need to go make the proper study of the management, to have a eye-opener towards conducting a Excellence Business.

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Deepika said: (Mar 9, 2014)  
Yes, Management education is not an essential ingredient for your business. I do agree that many of the top businessmen don't possess an MBA degree. But not everyone can become such a famous and successful businessman without the proper education in Management. Management education trains you in a way that you can excel in your business without much of a loss. If you try to learn business at the cost of your mistakes you'll probably be spending all your life learning it. MBA is a wise choice !

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Meenu said: (May 28, 2013)  
According to me management education is required. And I agreed that experience is the best teacher but at same time I think that for gaining experience you need time. And if you do anything without knowledge then there are more chances of mistakes. And till you gain experience may be you had already spoiled the work.

I want to give an example, suppose I am an engg and someone give me a product to launch in the market, then how could I do it without knowing who are the target of the product, how can I attract large no of people, how to market it in a efficient way, by which means I can market it? If I want to go with experience than I need lots of time to gain experience first. And may be I made so many mistakes in the process of gaining experience.

So I think if we had educational knowledge we can easily use it in not only our work but also in gaining experience and also can efficiently complete our work without much mistakes.

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Pooja said: (Jan 16, 2013)  
Management education is not all about having book knowledge, its about having practical knowledge and how we apply this knowledge or how we relate this knowledge to our day to day working. Management is about how we manage ourself or how we present ourself in front of others.

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Suman said: (May 11, 2012)  
In my point of view education, skill, experience is the ingredient to management. They are not compulsory but Successful business person most have these ingredients to be extraordinary. We need to add all these ingredients parallel. For example: We spent around 25 years to get education of business then start working, it takes more than a decade to completely understand the business concept then few more decade to be expert. At that time we will be at retarding age.

So education, skill, experience are equally important and should be taken in parallel.

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Imrankhan said: (Apr 21, 2012)  
I would like to say that Management Education is important because we can deeply study in management How can we manage our profession. These things we can`t learn without management study. So Professional Courses are going on i.e. BBA, MBA;.

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Jahnavi said: (Apr 18, 2012)  
Management education is not a mandatory thing to run the business successfully. If the person is capable of dealing with the people, knowledge about the business, hard working nature, dedication, leadership skills and passion for achievement can definitely become a successful man. But management degree is an added advantage because when the organization is small things are easy, when the size of the organization increases the functions are more and things became complicated during that case it helps you to take proper decisions, management and for long run survival of the business.

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Renji said: (Jan 31, 2012)  
Actually management education is not a needy thing for business with people who have the ability to express their ideas,coordinating people,and leadership ability.But it is an added advantage in case that persons know how to utilize their knowledge in the correct relevant areas.

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Ritesh said: (Jul 9, 2011)  
I think its its not important to go to study I think its completely self motivation.

Confidence, your hard-working and your experience I think no need to any mgt study lets take exm diru ambani he have not studying from iim he was just common man like many more example you all know.

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Sreekanth said: (Jul 4, 2011)  
I agree that many poeple without management education achieves their goals in buisiness. For this one should have skills to analyze the market, take important decisions, manage the workers and should know the rules by govt to run the organization. So in cases of small scale industries financial, operational, marketing, hr can be controlled by an ordinary man. But when it comes to big industries those works gets compilcated and some experts are needed in those areas. Now adays management education makes you stronger in them than an ordinary man.

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Prerna Agarwal said: (May 31, 2011)  
Management studies are not necessary to make a business run successfully. A person or group should be self motivated and capable of running a business. But seeing the trend that everyone is running after a higher degree. Its becoming so common to adapt the skills every 3rd person in this world is possessing. For being extraordinary. A person not only needs to complete management studies but remain self motivated and be innovative to use the skills one has learned and apply it in the real world in his own creative way to benefit him and the general people.

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Aashika said: (Feb 22, 2011)  
Just to take an admission into high class B school is not sufficient for your Business career.
For that we must think every part of that organization,that what is the standard of their faculty,placement record and level of globalization etc..
For more info:
visit:http://www.fostiima.org/

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Sudershan said: (Nov 14, 2010)  
According to me management studies are not important as there are many people who do not go in any management institue but they have their own business which are really running successfully across all over the country.

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Maya said: (Oct 19, 2010)  
I believe that there is no need for management study to excel in business. Its a proven fact, just take the list of the rich men in world, you can see more than half of them without even a proper degree. Its is all about your passion for achieving something, the hard-work which you put in to get the fruit of it which can make difference and not a management degree.

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Harendra said: (Oct 14, 2010)  
Management education is new chapter to grow your professional carrier. As per my Opinion Management Education done only police the candidate's attitude through which he can drive his carrier in right way if he have practical experience. Real Life Teachers & Education is only Experience because, so that some one told that " Experience is the Best Teacher. ", Today Management Schools & University don only business.

But I Also believe in Study because if we have experience & have right attitude then This kind of Courses bring us at right way. Because each and every books & courses are create after someone's Experience Analysis. , in this way we get knowledge which we have never face in life.

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Ajay said: (Sep 27, 2010)  
Management education is a basic theory of management in business. In management education we can learn people involving in business, strategies, stages involving in managing business or how to manage a business etc., hence these theoretical activities cannot adopt directly in business with out any experience or training.

Therefore now a days management education is need due to increase in new technology, new innovation etc.

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Ash said: (Sep 18, 2010)  
I don't think so management education is necessary for business. Because everyone can not get opportunity to do MBA or management education. Hard work, confidence and self motivation is required for business.

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Rinky said: (Sep 6, 2010)  
One can also run a business without management education. But if we can do MBA then we can run more properly.

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Venu said: (Aug 3, 2010)  
as per my concern..i agree that managemet education is not compelsory but it needed not only run a business..to take the business at high standerds with great achievments..as it is very competative world..the business needs a person who can handle the all abstracles and takes to reach the goals...its like why a good swimmer needed a training and coach ..all bcz tobecome a extraordinary..

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Joni said: (Jul 14, 2010)  
Management education is not necessary for any business. If you have a great experiences in relevant organization,you can grow in your business.Some time happens , many people have MBA degree but its not necessary they can handle a business. Experience learn more things in a life.We can gain benefit of a management education , If we do that education in a good college.

We should have great mind, confident and good knowledge for particular business.

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Shreyansh said: (Jul 8, 2010)  
Yes management students are getting high salaries. But what about their posts? Do they offer C.E.O. post to some passouts of B-school? if not why? i think the topic is necessity of management education for business, whatever salary a person get after b-school how does it affect on running business?

I accept you earn soft skills and some qualities a leader should have but is that enough? is being leader and guiding people enough to run successful business? what about innovations? what about risks? what if you don't have details of company product? what if you don't have detail of company work enviroment? each comapny do not have same work culture. you get all these details which are most important by working with the company. and as far as those soft skills and leadership qualities are concerned i don't think one must go to some B-school to earn them. for those set of skills EXPERIENCE IS THE BEST TEACHER.

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Sujeetha said: (Jul 8, 2010)  
I think, that management education is essential. Because of that only the world class company is offerring the high salary to the peoples who have the B-school MBA. They were giving the practical knowledge along with the theoretical knowledge(i.e, the solutions that already taken for a complicated problems).

In IIM the student of MBA is getting maximum 20 lakhs and minimum of 75 thousand. but any other college (local MBA colleges other than a B-school)student's highest salary couldn't touch it.so, it reveals that the mgmt education is most important.

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Hemalatha said: (Jul 5, 2010)  
Management education is important to run all business with great power and confident. Expereince and Management is like a eyes of a human. Without one eye you can do the work but it will not look complete.Proper education for business helps to avoid the mind divertion in illegal business.

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Sherin said: (Jul 5, 2010)  
Yes management education is necessary to run business successfully and effectively. management education guide how to acquire this knowledge , manage/execute and provide solution to below mention points. A person with passion but not knowing how to run and manage business is complete failure in long run.

Skill, knowledge and attitude is three essential things require in all department right from security service till CEO of the Company.

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Shreyansh said: (Jul 1, 2010)  
According to my point of view it is not something you must have for business. Business is 99% practical you can not learn it just by reading. you have to be in touch with real world. you have to know all aspect of particular firm. Unless and until you're not part of the firm/organization you can not run that firm/organization. It really require skills which you can't learn from books and books are not must to learn those.

If management education was required then Dhirubhai Ambani, Ratan Tata, Steve Jobs, Bill gates, Vikram Pandit(C.E.O. Citibank) were working as employee only somewhere and we might not have get giant organizations (which are hiring business persons).

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Abhishek Pandey said: (Jun 26, 2010)  
I completely agree with you my friend but what about the people who are the prominent industralist of our country and is educated from the eminent business schools.eg:- Anil Ambani,K.M.Birla and many more.

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Vignesh Bharathi said: (Jun 13, 2010)  
Management education is not compelsory for running business. Its enough to have knowledge about that business. The most important one is to have experience in working with groups. For the success of an business group discussion is must. hence management education is not necessary.

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Is Management Education Required for Business?

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