The Road map that should have been taught in MBA!

Post graduation studies helps in enriching the knowledge in the specific area chosen. 

Courtesy:Google

Embarking on a Masters of Business Administration (MBA) course fulfills many checklists. Getting a cushy-well paying job, learning new things within your area of interest, resume building, guidance for entrepreneurship etc. 

We learn many management theories in various subjects such as, McGregor's Theory, BCG matrix, SWOT analysis,Maslow's hierarchy theory, 4 P's of marketing and so on..

These theories are good to learn and understand, but not always practical to apply. Also, I strongly believe the need of introducing a subject in MBA which will teach you basics of documentation needed anywhere. For example: 

How to file your ITR, buying-selling-renting properties' documentation, overview of Government department which help you in your start up plan, Bank processes for applying loans and working capital requirements etc. 

The course should be a structured road map of the technical work, one has to undergo after completing the degree. Without it, you are a fish out of water. 

Courtesy: Google

I had to relearn everything from start, once i joined business after my MBA. 

Armed with theories and knowledge, bursting with enthusiasm, I joined my Petroleum business. Within no time, i could identify gaps/better processes and suggested the same to my parents. They made me understand that all theories wont apply in real life. Instead, the target market with their mentalities should be assessed before taking any decision. 

Also, when we were about to start a new venture, I was stunned to learn the innumerable permits/licences needed. A Bird's eye-view of regulations would have helped me when I was standing like a deer in front of the headlights! 

Wish MBA courses include this roadmap of regulations/simple documentation and make the students more equipped to deal with the realities of life. 

This Post is inspired by Indispire's post -- 

What's the most necessary change our education system need ? what's your view(s) in this issue?