Latest Op Ed: Lost Art of Business Training
Many thanks to FoundersWire for publishing my latest Op Ed on Business Training. It discusses how important it is for companies to proactively invest in their employees and how we’re practicing what we preach by preparing our own BU Questrom School of Business students for analytical case competitions. Here’s the link to the full article and an excerpt follows below.
Business training is provided far less than it should be, often with excuses of constrained time, money and resources. But this means of “cost savings” isn’t recommended. Executives respond well when they receive ongoing, practical business assistance.
Once business grads are conferred their MBA degrees, most companies assume they’re ready to produce and add value from the get-go, despite a lack of gray hair and minimal battle scars. Although some large corporations might offer rotational management training programs, smaller companies and start-ups are pretty much on their own.
Over the past two months, my academic role has been expanded to include mentorship, and I’ve been fortunate to help multiple teams of business students prepare for analytical case competitions. Some of the students’ success, of course, relates to the old adage of practice makes perfect. But much of it is due to expanded viewpoints.