We talk a great deal about the practicality of the MBA as a qualification. However there are some new ideas that are being put in to practice in the MBA world that are really practice based. One I came across recently is that of the innovation MBA.
This is aimed at small businesses that are accommodated as a part of a business incubation establishment. Many people starting business need some training in a host of business skills such as marketing, information systemsm, finance (sounds familiar?). The innovation MBA uses this training as the basis for papers for an MBA.
The practical part of the MBA is then the real live situation that the fledgeling entreneur is building. Instead of case studies and simulations, they play for real, and gain credits for the progress they make in their companies. This means that they are really playing for high stakes. But on the other hand, if they are going to do this anyway, they may as well gain academic credits as well as the rewards of business success.
# posted by Mary @ 8:27 PM
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