Yesterday, in his article "Strategy Without Execution is Hallucination," Forbes writer Karl Moore states that 95% of MBA strategy classes focus on the process of developing strategy and largely ignore execution. To add to this tale of academic woe, he tells us that in a survey of more than 200 CEO's, it was discovered that reality demands 90% to 95% being spent on execution not on development.
What does this say for the quality of the strategy solutions flooding the markets from the consulting firms that hire large numbers of fresh MBA grads? Are companies being given the best value for their money from the firms that base a large part of their business model on fresh MBA grads that have little to no exposure to execution?
Add this recent discovery to the fact that the most common grade given at Harvard is an 'A,', and it suggests that the top of their class Harvard consultant, with only two months of experience, may not be as good as it sounds.
ReplyDeleteThe blog you have shared is very informative. Students have to keep so many things in their mind while searching for a good management college. Thanks for sharing nice informationManagement schools in india | mba courses in bangalore |Top ranked B School