Dear Dips,
Your post mentioning graduates and MBAs reminded me of some incidents, stories, and instances out of which three I am sharing with you:
1) A simple graduate with some experience started a business from scratch which finally became an empire - Reliance Industries. His two sons, both management graduates, divided the empire.
2) There was this banana seller who used to sell bananas outside the front gate of a famous MNC. The chairman of the company used to see him every day, and as time passed, they started exchanging smiles.
One day the chairman was to go abroad for some business work. He left the office early, and as he was going out, he saw the banana seller packing up for the day. The chairman called the banana seller, and the conversation was as follows:
Chairman: "How are you?"
Banana Seller: "Everything is fine by the grace of God, sir."
Chairman: "How many baskets do you sell per day?"
Seller: "4 times 2 baskets each time."
Chairman: "What??? You mean to tell me that you rotate your working capital 4 times a day!!!!!"
Seller: "Yes, sir."
Chairman: "Can you please tell me why is it that with all my expertise and resources I find it very difficult to rotate my working capital once in every year and you with such limited resources can do it 4 times a day???"
Seller: "Sir, I do not employ MBAs."
3) One of the leading industrialists who is into FMCG once stated that MBAs from top management schools are great at giving colorful strategies but if you tell them to physically sell a product, they fail 9 out of 10 times.
Actually, all I wanted to say was that a person who has knowledge in any profession is always sought after, and it is common to all professions. For example, in a garage, you will always prefer a particular mechanic over others because he is more knowledgeable in executing his job. So every profession is knowledge-based; why single out HR? Once you categorize this, let me tell you some more facts. There are a lot of companies that have unqualified, underqualified, or non-qualified personnel in HR, but can you ever dream of anybody other than a medical graduate doing a bypass surgery? The law does not allow it. There is no such law in India regarding HR; hence, will you agree that medicine is more knowledge-based than HR?
Finally, if you really want to know why MBAs are given value, you can ask me through my email: swastik73@lycos.com.
Warm Regards,
SC