IS EXECUTIVE MBA DEAD!

The eMBA also referred to as Executive MBA is actually a business management programme aimed at developing the skills of executives and managers who are already working in an organisation.However eMBA can only benefit those who have stagnated over the years or find some kind of barrier in clear thinking and execution of ideas.Business is a bird which can only fly if it has wings made of ideas.The current financial crisis shows that even graduate business schools should change their programmes to suit the changes taking place in the World.Wall street went down in spite of the fact that their were many highly qualified MBA graduates who failed to see the loopholes.So.I question the very existence of such programmes which cost a fortune and don’t do much to bring in new ideas.History shows that people who brought new ideas were dropouts from Colleges, and Business MBA programmes.MBA schools worked more like a recruiting agency rather than focusing on research and development .In my opinion even the costliest MBA schools like Harvard and Wharton failed in developing skills.More emphasis was paid on dressing expensively and showoff rather than core skill development.Instead of teaching corporate culture these MBA or eMBA programmes should teach core skills like executing an idea or technology based skills.It brings me to the core topic that MBA is a thing of the past now.It was very evident on the day when GM executives came to ask auto bailout from US senate traveling by their private aircraft.How stupid and dumb can you get? I bet almost all these executives were graduates from premier business schools.Same thing happened when AIG executives organized a lavish spa and working seminar costing almost a million Dollars in a luxury resort after getting a bailout.Almost all these AIG executives too were a product of premier business schools.This incident only proves that MBA is a non relevant today.
If business schools have to survive,they must teach their students to be humble and start working on ground-level.After all Bill Gates,Vinod Dham,Sergie Brin etc did not have MBA degrees.Look where they have taken their ideas!Whenever I see Bill Gates on the television I see his connection with the humbleness and reality in life.Azim Premjee the chairman of WIPRO still drives an old automobile.He too was a business school dropout!