It is often said
that to become a successful businessman a tertiary education is not at all
necessary. to what extent do you agree or disagree with this statement? Give
opinion and relevant examples.
To be accomplished in business, as per the modern
theorists, one needs a professional training that can inform about various
aspects of running a commercial activity successfully. I completely concur with
this notion and feel that one, in the modern era, needs to be well-versed with
business laws and environment, to ensure triumph in a commercial endeavor.
Primary reason for undergoing professional
education is that it provides one with the knowhow about the business
environment and its influencing factors in the era of globalisation. Every
organization is facing cut throat competition which mandates exhaustive
knowledge about prevailing market trends across the globe to ensure not only
survival but also progress. This can only become possible if the prospective or
existing business owners obtain these inputs by pursuing a professional course.
It serves as a strong foundation. For instance, knowledge imparted about various laws of economics by the
professional educational institutions
coach a person to judge the changing trends of business and capitalize
on arising opportunities.
Moreover,
it is important to have the knowledge about establishing and handling
the organisational structures in a business for its smooth functioning. This
ability ensures that the firm is being run effectively and efficiently with
minimum efforts, sparing invaluable time to focus on other more critical areas
of business. To gather the knowhow about the same, a to be entrepreneur must
obtain expertise in defining organizational structure and hierarchy, which can
be conveniently sourced from tertiary courses. For instance, the curriculum
taught at IIMs in India have proved to be a key contributor in development of
many profitable start-ups.
To recapitulate, I would like to say that the
success of commercial activity cannot be completely relied on innate skills
alone thereby, undergoing tertiary education bolsters the chances of being
successful.
