Do firms having the ubiquitous ‘non-MBA CEOs’ achieve more than those having MBA leaders?

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A majority of Fortune 500 firms have traditionally avoided hiring MBA CEOs. Professor Harry Mintzberg, one of the noted management authors, last year regurgitated a similar thought process when he said, “MBA programs train the wrong people in the wrong ways with the wrong consequences...” Guy Kawasaki, a known management author and himself an MBA, threw up much worse with respect to entrepreneurial firms, “I don’t think an MBA matters very much...” How would you describe such a distinct playing-to-the-gallery thought process? I have one word for it... Stupid! It is unbelievable that in today’s world, there could be anyone supporting such a blunderingly hollow ‘anti-MBA’ viewpoint.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative