On the Benefits of a Business Education

April 21, 2009 in Conscious Business · Written by Tara Joyce · Follow Me on Twitter

photo credit: jacky_oh_yeah

photo credit: jacky_oh_yeah

In 1986, when Russell Ackoff, a pioneer of management education, retired as Professor at the Wharton Business School, he was asked what were the benefits of a business education. With savage irony he replied that there were three.

  1. To equip students with a vocabulary that enabled them to talk with authority about subjects they did not understand.
  2. To give students principles that would demonstrate their ability to withstand any amount of dis-confirming evidence.
  3. To give students a ticket of admission to a job where they could learn something about management.

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  • http://timbursch.com timbursch

    LOL! Formal education is good, just not complete. I recently talked to a high-school senior that is taking a year off to find some purpose. Learning is lifelong.

  • http://www.elasticmind.ca/innerpreneur Tara Joyce

    Glad you found it humorous, Tim. As a former business student myself,
    I had to laugh at such astute and searing commentary on the current
    weaknesses in business education.

  • HERO

    Tara,
    Well, here we come!
    Russ Ackoff with his fables and witty and inspired by the importance of being different thoughts. According to Ackoff a fable is
    a story, that beautiful that it has to be true in one way or other. I myself stopped asking for verifications of what was being said
    a while ago. If it makes certain people happy, as long it is not on my expense it is okay with me.We all need Brain Boosters, since the
    human mind is our fundamental resource. So let us see what Ackoff did not discuss in his profound reflections on education:
    The greatest achievement of our genetic laboratories during the past half century was the implantation of a finger – sized organic computer
    in the growing embryonic brain.Everyone in the new society that is under fifty years old has his new development.Since X is only 45, he
    has his benefit of this breakthrough in designing human beings. By manipulation of the DNA and RNA molecules, a small auxiliary brain
    was developed in vi trio outside of the human body.
    When the cortical cells of this supplementary brain complete their proliferation, they are electronically connected with Corcen. These brains
    are then imprinted with the basic attitudes and skills needed for the orientation in the new 21-century. X watches as the small but potent brain boosters.
    To the 3 R's of previous times – reading; writing; and arithmetic – an additional – 7-R's, as outlined by Dr.William A. McCall in the twentieth century,
    are included:

    -RESEARCH – The application of the scientific method as a way of life that enables man to test his ideas to determine their reliability.
    -REASONING – The desire and ability to manipulate ideas in a creative and logical way. Adjusting effectively to new situations and the making of effective choices.
    -RELATIONSHIPS- Attitudes and skills that enable a person to interact and communicate with others in ways that bring maximum mutual satisfactions.
    -REPORTING – The use of all senses in ways that produce the richest and most accurate input to the brain and output to others.
    - RECREATION -The attitudes and skills which permit the use of one's time to achieve a multi – dimensional life.
    - REVITALIZATION – Diet, health, and safety skills that add years to life, and life to years.
    - RESPONSIBILITY – The feeling of playing an important part on the human team in the game of life. The ability to find satisfaction in assisting and participating -
    but always within the limits one can give without resentment.

    As suggested by McCall, each of these R's is two phased – an attitude phase and a skill phase. It is not enough that the young be provided with skills of reasoning. It is
    equally important they find pleasure in reasoning. It is not enough that the young know how to read. They need to enjoy reading.
    X often uses his supplemental brain as a simple computer.He can multiply, divide, add, or subtract any six digit number in a period of ten seconds. A complete vocabulary and
    understanding of the grammatical structure of the universal language is also imprinted…..
    …X is aware that the implementation of this brain booster does not automatically produce an infant who can solve problems in calculus.The resource is there -
    available but untapped – just as the capacity of young Mozart existed at birth even though his infant fingers had never touched the keys of the a piano. Only maturation
    can provide the experience and motivation that enables these young infants of the 21'st century to make use of their great heritage…….

    Anybody out there???…”.When it happens, it happens.No one is watching them. No one measures them. No one is worried if they lag. No one pushes them to “get ahead.”
    Each individual feels completely free of all pressures to do anything.”
    Here I smile Knowingly,- “And as you see, this makes them want to do everything!” 2014- “Life, Liberty, Learning and the Pursuit of Happiness” applies equally to all children of our Planet!
    Are your Lights On??? Does that tickle our fancy? Are we still stretched between good and supposedly – bad? Who is the Right one that matters?
    So tell me – What is the question after all?

    The “Modern Money Mechanics (A handbook on Banking Reserving and Deposit Expansion-Federal Research Report)”, is draining out your mental funk!? It is not a bad idea to watch the movie – “Zeitgeist Addendum” -with Jacque Fresko and Roxanne Meadows, as to wake up from a nasty dream.

    I hope this reaches you in good health and spirits.You are a tough cookie and will not give up so easily on DEBT, when everyone is demanding imaginary, invented bills to be paid to

    the filthy rich establishment .Poor folks – it is a task of survival, isn't it? So let us face it – start making money out of thin air and God will do the rest.But who is going to pay the Interest?

  • http://www.elasticmind.ca/innerpreneur Tara Joyce

    “an additional – 7-R's, as outlined by Dr.William A. McCall in the
    twentieth century, are included:

    -RESEARCH – The application of the scientific method as a way of life
    that enables man to test his ideas to determine their reliability.

    -REASONING – The desire and ability to manipulate ideas in a creative
    and logical way. Adjusting effectively to new situations and the
    making of effective choices.

    -RELATIONSHIPS- Attitudes and skills that enable a person to interact
    and communicate with others in ways that bring maximum mutual
    satisfactions.

    -REPORTING – The use of all senses in ways that produce the richest
    and most accurate input to the brain and output to others.

    - RECREATION -The attitudes and skills which permit the use of one's
    time to achieve a multi – dimensional life.

    - REVITALIZATION – Diet, health, and safety skills that add years to
    life, and life to years.

    - RESPONSIBILITY – The feeling of playing an important part on the
    human team in the game of life. The ability to find satisfaction in
    assisting and participating – but always within the limits one can
    give without resentment.”

    Fascinating to learn that we are evolving to not only expect reading,
    writing and arithmetic (3 R's) from our offspring but 7 new R's.

  • HERO

    “Most transformation programs satisfy themselves with shifting the same old furniture about in the same old room. Some seek to throw some of the furniture away. But real transformation requires that we redesign the room itself. Perhaps even blow up the old room. It requires that we change the thinking behind our thinking — literally, that we learn to rewire our corporate brains.” Danah Zohar (1997)=

  • http://InnerpreneurVentures.com gulliver

    >benefits of a business education?

    Slightly on topic…

    ===

    Innovation comes from the confidence to trust your instincts, having the bravery not to believe that hidden in the endless array of business management manuals is the secret to being Gordon Gekko.

    The truth is that they are all bibles, they are all motherhood and apple pie, and they are all bollocks. When you read 'The Harvard MBA in 10 Days', it does not tell you anything about attitude. But it is attitude and values that should distinguish a social enterprise.
    ===

    Or, with sound and pictures, about three minutes into this clip.

    Sure, he's speaking of social enterprise, but the principle is the same.

    Totally off-topic, though still relevant, is the current Internet 'expert' (and I use that term very lightly, as most of it isn't… expert or advice) nonsense which many latch onto. But that's a topic for another piece.

  • http://www.elasticmind.ca/innerpreneur Tara Joyce

    “requires that we change the thinking behind our thinking — literally,
    that we learn to rewire our corporate brains.”

    All in agreement that we need an evolution in thinking, please say “I”.

  • http://www.elasticmind.ca/innerpreneur Tara Joyce

    Excellent segue into the various ideas presented on <a href=”http://www.innerpreneurnotes.com
    “>InnerpreneurNotes and <a href=”http://www.innerpreneurenterprise.com
    “>InnerpreneurEnterprise.

  • HERO

    I principally have nothing to add to such profound and innovative thoughts,than the ones generated in :Innerpreneur Notes and Innerpreneur Enterprise. “If ,I could have said it, I wouldn't have to dance it.” – Isadora Duncan. All in agreement.

  • http://www.elasticmind.ca/innerpreneur Tara Joyce

    Thank you, Mike. That means a lot.

  • http://InnerpreneurVentures.com gulliver

    Update: We merged those sites into one… Innerpreneuring.