Small Business Startup News
Can MBA Programs Actually Create Entrepreneurs?
Written by Jenna Weiner
Published: 3/29/2010
The good and bad points of popular MBA programs are being discussed and debated.
London's City A.M. has published a report discussing the pros and cons of MBA training for hopeful entrepreneurs.
In recent years, MBA programs have increasingly included an entrepreneurial focus, but questions remain as to whether founding a successful business can really be taught.
Gary Dushnitsky is an associate professor of Strategic and International Management and Entrepreneurship at the London Business School. He told the paper that an MBA course can provide students with the "toolkit" they need to start a business.
"Successful entrepreneurship is not just about having an idea that has traction, but having an organization that allows you to monetize the idea," he said.
It can be pointed out that the risk reduction focus of MBA programs is somewhat at odds with the high risk tolerance needed to start a new business.
A side of the MBA that can be extremely beneficial, however, is the networking - not surprising news for entrepreneurs who have already learned the value of meeting contacts at events and business schools.
A new trend among professionals with MBAs is a desire to work in Asia, BusinessWeek reports.
The promise of growth and the chance to quickly make a big impact are drawing business school graduates who want to be at the center of activity.
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