Tuesday, March 31, 2009

MBA: Mediocre But Arrogant. A crisis of Management Culture.

Seeking a deeper reason for the bankruptcy of economics, the King of Financial Bloggers Jesse, says the following:

"Our society on the whole does not value the truth as it had done before, but worships money and power and cleverness. That is both the long and short of it. We obtain the politicians and economists and news commentators that we encourage according to the character of the age."

Something happened to management culture decades ago and now being a Master of Business Administration, especially from Harvard, is rather on the nose. MBA, it's being said, can also stand for 'Mediocre but Arrogant', or 'Management by Accident'.
Reporter: Stephen Crittenden.

Listen to this interesting Audio file

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