Friday, July 8, 2011

4 Reasons an MBA Is Bad for Entrepreneurs

1. MBA programs teach causal reasoning


Sarasvathy found that the corporate types (many of whom have MBAs) in her study use “causal reasoning,” which means they tend to set goals and systematically develop plans for reaching them. That is, they start with the goal and then figure out how to get there.


Sarasvathy found the people who displayed causal reasoning in her study were much more likely to be working for a big company after receiving their MBA..



2. MBA programs teach adaptive thinking
In another academic study, Dr. Michael Kirton found that people can be categorized into two groups based on their approach to creativity:
  • “Adaptors” are those people who prefer to take others’ ideas and improve them. These people are fairly cautious and pragmatic. They prefer incremental innovation. Their motto is to do things better.
  • “Innovators” are those people who prefer to find new ideas by sometimes overturning concepts or industry models. These people challenge others and can be risky and difficult to work with. They are into “big bang” innovation. Their motto is to do things differently.
3. Your fellow classmates will not be entrepreneurs
Even the MBA entrance criteria themselves act as a barrier for truly entrepreneurial people to get in. Top-tier MBA programs typically accept excellent students from top-tier undergraduate schools. 

4. Don’t waste 40% of your “risk-free” years in a classroom
Although there are, of course, exceptions, the average person who considers getting an MBA is between the ages of 25 and 30. 


http://www.bnet.com/blog/build-business/4-reasons-an-mba-is-bad-for-entrepreneurs/379?pg=4&tag=content;drawer-container

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