A MBA vs a MBI
It is time to move on to the MBI. MBA is becoming a global commodity.
Education in general is facing issues regarding its capacity of adaptation towards our globalized world. There are still debates over whether business education is about teaching a profession, or a social science subject. That debate will continue.
However, what we are convinced about, is that not only using concepts learned at school, employees are today asked to use their personal interpretation to analyse context, to identify specificity of problematic situation, to provide the suitable solution(s).
So not only teaching skills, we are coaching our students to help them to develop their competencies and specifically their "soft skills". Our MBI is focused on developing their potential through the acquisition of actionable knowledge* more than to "fill-up a brain" with theories.
A MBA versus a MBI?
Let us consider the differences between a traditional Master in Business Administration (MBA) and a Master in Business Innovation (MBI).
The MBA content and format evolved to address economical and industrial needs but it still remains focused on the core traditional business fields such as accounting, finance, marketing, human resources and operations.
The MBI is focused also on the current strategic/competitive needs of modern organizations.
It also covers the core business areas, but it integrates them in a more pragmatic and transversal manner. For example, within the innovation projects feasibility course, the different aspects of product or service viability, risk and sustainability are addressed, taking into consideration strategic, economic, technological, legal and operational aspects.
The key differences are summarized in the following graphic.
* Argrysis & Schon 1978 (ORGANIZATIONAL LEARNING: A THEORY OF ACTION PERSPECTIVE)