This post like all of my others is my interpretation of a particular topic, and should be used only as a means to stimulate further discussion. I am going to write about something that has pained me for a long while, which is the credibility that people and organizations vest in certificates, degrees and other designations as marks of status. Don’t get me wrong, the time, energy and resources someone puts into achieving these milestones and the learning gained is a testament to an individual’s perseverance; something for which they should be proud. In many cases, they confer ability, allow certain rights and privileges and ensure that individuals in certain fields have a standard base of knowledge. It allows people to develop an image of who you are and creates credibility to individuals whom you may not know well. However, these are not the only means to gain knowledge, credibility or evaluate talent.
Most of what l will be discussing is related to the business, and business-related education. Other professions that require certification do this to ensure a minimum level of knowledge, ability, practice and governance and are usually overseen by regulatory bodies. So the hypothesis would be that in order to become successful in business you should get formal training to gain credentials and if at all possible go to the best school in a related field whether it be economics, marketing, finance, global management…and this would make you an instant leader.
Nowhere is this idea of leadership credentials and scrutinizing their importance more evident than the last decade and the recent collapse of many major multi-nationals led by individuals were deemed to be leaders with proper “credentials” and proper pedigree. The term “proper pedigree,” in this context means someone that went to a highly-ranked school, was employed by major multinationals, involved with certain social circles i.e. associations, clubs…these accomplishments have come to symbolize traits of a leader in their field.
However, the collapse of organizations like Enron, Lehman Brothers, World Com, and other lesser known organizations like Octaviar, Freightlink, EBusiness Supplies, and Midas shed light on some deficiencies that may exist with this type of thinking. Even some companies that struggled through the economic recession/depression (that’s a major topic so l will let you decide which) suffered casualties. GMC, Vodafone, JC Penny, and most recently Berkshire Hathaway, and even entire countries, like Greece, were not exempt from poor leadership. My point is not based on how these organizations failed through their governance issues, aggressive debt structures, lack of customer insights…but more around how even though they were led by individuals with proper pedigrees at the end of it all they suffered from the simplest weaknesses of the human condition, greed, short-sightedness, egotism and power mongering.
So how does this relate to the topic on business education and learning? Well it’s simple, business schools can teach students their philosophy, theory and models on how to approach organizational issues and market conditions, but at the end of the day it is still left up to the decision of someone that needs to have a natural ability for governance, leadership, risk aversion, creativity…those that have read Stratovate’s “Honeycomb Effect” philosophy may look at this as propaganda, and an example of shameless self-promotion. Maybe it is, and quite possibly l may suffer from some of the conditions just mentioned, but l still feel compelled to continue.
I have had the great pleasure of working with many people, from different walks of life, educational backgrounds and experience levels. What made many of these individuals stand out and successful was not their education, but their genuine ability and passion to share their knowledge, help others and give back. They may not have been in charge of a business unit, but whatever their roles, they were leaders within their respective scope of work. It is unfortunate that many Executive MBA schools have made a fortune taking mainly non-business professionals and putting them through intensive training to create business leaders. I am not disputing the effectiveness of the schools teaching, nor their students who already have established views and skills and they use their learning to reinforce these current strengths, rather than build new ones. It’s more about individuals who walk around with these “papers” not understanding that it’s not the paper that makes a difference but how you use your new found knowledge. I have worked with enough of them to tell you that it improves their marketability, but not their attitudes. The best mark of this is that l have provided many tools that some of these graduates have supposedly used in developing strategies and they are either: 1.) unfamiliar with tool, or 2.) feel that it is only purely an “academic” exercise and therefore not relevant in real world. This shows a lack of free thought or innovation even when provided with the means.
I watched an HBO special entitled the Journey Into Dyslexia. It was a film that tried to destroy many of the misunderstandings surrounding individuals with the condition. Namely, individuals with Dyslexia or Attention Deficit Hyperactivity Disorder (ADHD) may have a different approach to learning, but that is because we try to fit them into our simple-minded approach to standardise. Many of the featured talents were individuals that had no formal training because the system didn’t have the flexibility to meet their needs. So, what did they do? They leveraged their natural abilities and excelled in areas where most “normal” individuals with training struggle. They quoted a figure that more than 37% of successful entrepreneurs have Dyslexia and/or ADHD, which would mean that individuals with this condition have a greater propensity to innovate. This may be because as individuals we try to save time and energy not “reinventing the wheel,” if l can use the cliché. But what they are really doing is limiting their ability on unique thought and tapping into their natural abilities.
So those of you that feel you are better than others because you had the privilege and opportunity to attend a good school, or had your company pay for graduate studies, think twice. The piece of paper you earned is meaningless without proper understanding of who you are and how what you have learned can be used to effectively create positive change within your organizations.