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Studying Homeopathy better than MBA ?

i.am.ajitanshu's Profile Uploaded by Ajitanshu Ramji, 6 year(s) ago .
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Categories: Business
Tags: MBA, MMS, Bajaj, Kaizen, Just in Time, JIT, Toyota Manufacturing System, TQM, Six Sigma, Juraan, Lean, Blue Ocean, Bottom of the Pyramid, Core competenceCEO, Homeopathy, Organon of Medicine, Bikes, Motorcyles, Education, Business, Entrepreneurship,
 
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Rajiv Bajaj, Managing Director of Bajaj Auto is asked what he thinks is wrong with the education system in our country. He tells us exactly what is wrong with the system and how it is very much theory based and hasn't changed much since the last few decades.

In early 2000s, management education included terms such as In search of excellence, World class excellence. then came in the Japanese techniques Kaizen, Toyota manufacturing system etc. Then came in Six Sigma, Lean, TQM, Juraan etc. Before we came terms to that it became Blue Ocean, Bottom of the pyramid, Core competence… we became a bit like the dog chasing its own tail. Every guru wanted to stay on the seminar circuit and wanted to put his book on the shelf.

The shocking truth is that 92% of the new products launched in the auto industry fail - either they do not make money or they don’t sell at all. The problem with management education is that the same principle cant be applied repeatedly resulting into the same output. That brought me close to Homeopathy. Its got one single bible- the Organon Samuel Hahnemann the founder of Homeopathy, which lays out 300 aphorisms by which a doctor may successfully treat a patient. Its called posology- how do you pick the right treatment for a patient. We have applied these 300 principles from homeopathy into auto manufacturing. Homeopathy doctors are doing a better job than most CEOs of auto companies.

The world around us changes really quickly, we need to have Masters in Business Adaptation instead of Administration- that is the way to solve the challenge of execution.

About the speaker:
Rajiv Bajaj is the managing Director of Bajaj Auto, the 3rd largest manufacturer of motorcycles and scooters in the world. He introduced the Pulsar range of bikes, that not only revived the fortunes of the ailing company but also transformed the entire auto industry in India.

Follow him on twitter: @motorcycleyogi

Original video credits: TiE Mumbai
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