In the early days of Google, the company got rid of all their managers. They assumed that as they hired the brightest and most driven engineers, they did not need layers of bureaucracy stopping people from doing their job. The Google founders believed if you get intelligent people, you could give them pretty much any problem to solve, and they would work out how to do it. Within a short period, Google brought management roles back and started the ‘re:Work‘ programme to find the best scientific management methods.
Fredrick Taylor introduced scientific management in the 1880s, and the theory’s ideas of economic efficiency and labour productivity formed the basis of the first Master’s of Business Administration at Harvard in 1908. Taylorism was one of the first attempts to apply scientific ideas like analysis, empiricism, and standardisation of best practices to process management and the move from craft, to production, to mass production made famous by Ford and the Model T.
Thankfully, management science quickly evolved to include social ideas like behavioural science and care for employees as people. Still, the basic idea of applying the scientific method to increase productivity forms the basis of management in most fields. The MBA is where people go to learn this science.
It is possible to learn everything you find on an MBA curriculum in books and on the job, particularly if you join a graduate scheme and the places you work have strong internal development programmes. Most companies do not provide a rounded leadership and management training and support offer, so bright-minded individuals either end up not meeting their potential or seeking degree courses.
Peter principle…people in a hierarchy tend to rise to their “level of incompetence”: employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not necessarily translate to another.Wikipidia
There are two strong reasons to do an MBA; the first is that if you want to progress to senior positions with a major corporation, it is a requirement, the second is that you want to learn a scientific approach to managing effectively.
An MBA curriculum should teach the fundamentals of management. It will cover the core functional areas, including accounting and finance, human resources, marketing, operations. A good programme will also cover leadership ideas such as strategy, law, and ethics. Most MBA courses will provide optional modules that cover entrepreneurship, digital transformation and global trade.
Many tech entrepreneurs, such as Elon Musk, have talked down the need for an MBA favouring people gaining technical skills. But good managers are essential, and the skill set is different from just being good at the technical parts of a job. The best MBA courses are highly selective and expect people to have gained technical proficiency in their specialist area and have ample experience in their field before joining.
First, get good at the technical parts of your field, and then, if you choose to move up in an organisation and manage people, get an MBA.