INSTANT MBA: Don't Focus Everything On Aggression And Competition

View this email online | Add newsletter@businessinsider.com to your address book
		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Retail Thursday, September 20, 2012 Advertisement Today's advice comes from our interview with John Harthorne, Founder and CEO of MassChallenge: "You create something that doesn’t exist now that is valuable to society and in return, they pay you or provide a service that can particularly pay you for accessing that benefit. All of that is fine and good and of it is legitimate, but what I found in the past twenty or thirty years is that in a lot of the top MBA programs, the value is placed more on the value capture piece, which is how do I extract maximum value out of my ecosystem while providing minimum input into it.” Harthorne started MassChallenge after excessive brainstorming on how to get his own startup off the ground and realized there were limited resources. MassChallenge is the largest startup accelerator and startup competition in existence and gives more than $1 million to startups each year while asking nothing in return. Harthorne says this is how it attracts some of the best ideas out there. They had a total of 1,237 applicants just this year for their annual startup competition.  The founder says creation is more important than a focus on aggression and competitiveness. He says there are problems with MBA programs only emphasizing the capture part of the equation. It forces many new entrepenuers to migrate to the finance industry because they have the resources, and this causes an imbalance in society and a lack of creativity flowing into other industries. “I actually think value creation is a much stronger lever and you can do much more on focusing on how I can create something worth billions of dollars. You automatically are going to do well as an individual if you’re focusing on creating something that is incredibly valuable to society. You’re going to be able to capture a piece of that.” Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email. Please follow Careers on Twitter and Facebook. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Careers RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.