In the upcoming years, this instinctive distaste is likely to abate. However, although Khurana and Nohira's proposal seems laudable and reasonable, rather than idealistic, they fail to present convincing evidence that having such professional boards and regulations have made the professions of medicine and law more ethical than that of business and that graduates of MBA programs are less knowledgeable than doctors and lawyers who graduate from similar-caliber business schools as their CEO counterparts. If MBAs do seem less well-versed in some aspects of modern business, this may be more due to the broad nature of what constitutes commercial enterprise, and the constantly changing nature of the field.
Business is more volatile than either the law or most forms of general medical practice. Given this volatility, regulations regarding what business graduates must know might quickly become obsolete. The authors dismiss the notion that professionalism chokes creativity, which seems like one of the weaker arguments against general certification for managers, but, unintentionally weakening their argument as well as the value of the degree, they vacillate and say perhaps life experience could be used to contribute to the requirements certification, to acknowledge the diverse experiences of business professionals: "positions would be attainable by individuals with varying credentials, depending on the job responsibility: none; experience only; experience plus education; MBA only; MBA plus CBP; CBP only (which might be granted to an experienced manager who passed the certification exam without having completed the MBA, as people without a law degree are allowed to pass the bar and practice in some states). (Khurana & Nohria 2008, p.3).
No evidence is presented that performance management would become better, either more ethical, or more efficient,...
Team Decision Making -- Pitfalls and Solutions Anyone who has ever been a member of any type of team can likely readily testify concerning the difficulties involved in reaching a consensus on even minor and straightforward issues such as seating arrangements, so it will likely come as no surprise to modern practitioners that the team decision-making process is fraught with a wide array of pitfalls, some of which can cause a
Effectively, time management in the opinion of Imundo (1993) boils down to activity management. For this reason, the better an individual is able to manage his or her own activities, the more effective the said individual is likely to be when it comes to time management. Managers must therefore ensure that monkeys do not keep being transferred to their backs. In the words of Oncken and Wass, "managers should
coevolutionary gaming facilitate group decision making? Coevolutionary gaming can help to facilitate group decision-making through its highly demanding and highly complex processes. As Cares and Miskel explain, this type of gaming can help one to navigate complex strategy landscapes in safe environments that feel like real-time, but which actually allow one the luxury of making mistakes and engaging in bolder forms of trial error (2007). These games are even played
Zeynep Ton's A minimum wage hike could help employers, too, in the Harvard Business Review. This article is a speculative piece about the effects of proposed minimum wage increases at the federal level. The author takes a look at companies that superior wages and benefits for their industry. The underlying theme is that this is juxtaposed against a common argument that raising the minimum wage will be universally harmful. The
At the time of the Wii's launch, there was really no competition in the environment. No other videogame console offered the flexibility in terms of demographic appeal within the market. However, soon after the launch of the Wii Microsoft Xbox launched the Kinect, which mimicked the sensor's ability to account for movement without for controlling game development with the complicated joystick board game pad. However, the Kinect focus on
Porter's 5 forces are threat of new entrants, bargaining power of buyers, bargaining power of suppliers, substitution threats and rivalry determinants. In my opinion, as a small food retailer, you can count disadvantages vs. major food retailers in all these categories. As such, first of all, entry barriers refer to such things as economies of scale, brand identity or access to necessary input information. As a small food retailer, you are
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