I'm not agree up to certain extent.  

 if you have a look on complete project cycle. In one project youu do so many correct things but make few mistakes. When you start next project, you will be extra cautious about things which went wrong in past but not for the rest. And again you make few different mistakes. So in my opinion good management is to foresee the things and try to put maximum efforts and some time you can do even better as beginner compare to experinced one. So you are not carrying any bad or past experince but still show will be perfect.

So its all about the focus. How clear focus we have on the project. And off course, wahtever we do wrong, we do take care in future. So bad expeince is a contributor but it is not the only contributor and may be a minor contributor. 

"Good Management comes from Experience & Experience comes from bad Management"

This is definately true but experince from bad management need not be your personal. You can always learn from others experince bad or good and make optimum use fo it.

Hi Jagbir....I agree

Good Management comes from Experience & Experience comes from bad Management

and no doubt about it.

Learning can only be done from our mistake or from others mistake. Without mistake no one can learn , not even the management. Bad management teaches what they lack in and the management learns from the experience and figures out what to be done to become a good management.

Past experience plays a major role in become a GOOD MANAGEMENT. Always see your past as bad ( only to improve upon it and don't ever get low because of the past)

Aggree once u have done with a compleet cycle of a proj to know/learn many thing so its bascilly learning from where u get it now it can be good or bad :)

I absolutely agree with your statement. To further illustrate what you have said, i would like to quote an example all of us are well aware of and one which would have been repeated to us by our parents or teachers.

"One cant learn to cycle unless we fall a couple of times and get hurt before realising the mistake that we are making"

Management is pretty much the same. Bad management should be used as stepping stone for better practices. One should be able to refine and polish our approach learning from past mistakes.

No amount of scoring the top marks in IIM or belching out Philip Kotler to the letter will ensure you are a good practitioner of management theories. What matters is the practical experience that can teach you a whole lot of management techniques. May not be called the same as in the management books like Blue Ocean theory... or some such far sounding names but could be effective neverthless.

Dhirubhai Ambani wasnt educated from IIM but didnt he build a great empire. Not to forget the promoter of Nirma detergents who use to sell his concoction on the streets himself door to door.

I totally disagree with Bandi above. Especially his contention that IIM graduates are CEO/CFO's at a young age. It is the brand that they come from. A graduate out of IIM is poached in his final year itself at ridiculous sums by corporate that after working for 2-3 years, companies have to keep promoting them higher because their very nature of business sometimes depends on the number of IIM graduates employed. Or he would move to greener pastures and the amount of time and money invested on the youngster would go waste.

Whereas an IIM graduate from Ahmedabad (i forget his name, he spurned MNC offers to start his own restaurant business) recently was quoted in an interview where he openly stated that his initial foray into the business was replete with mistakes and that his first two years ended with loses of above 15 lakhs. It was only after he re-looked at his whole process and fine-tuned his business practice that he started making profit. So that is bad management expereince which was used positively to improve his business. Even IIM grads make mistakes, Bandi.

I would any day vote for experience to be a better management tool than any theories learnt in a classroom. Theories and managment lessons hone your analytical skills but do nothing for your practical reasoning skills. It is experience that makes a manager perfect without doubt and it is a continuous process.

I can only quote another example to end all arguments - John Sculley who succeeded Steve Jobs at Apple after earlier serving as senior management executive in PEPSICO at the height of the cola wars. John was made to work as a loader in the companies plant in Mexico and then slowly progressed up after working in all the departments. His contrinbution in the Cola wars was so brilliant and immense that for the first time not only did PEPSI challenge Coke but also stole a march over them by notching up higher sales under his astute leadership. Here was a man who rose from humble beginnings, he wasnt out of Wharton or Harvard.

Hi Jagbir

There is no denial in the fact that management cannot be taught. A good manager practices what he preeches and has learnt. Unless and untill you put theory into practice you cannot gain experience. According to me an experience is experience good or bad. Bad experiences lead us to analyze as to why things went wrong. Remember the old school sentences like "Failures are a stepping stone to success".

So I very much agree with the statement. Thanks

Rohit

 

 

Management is not something like learning from the mistakes of others. It has a sanctity of its own. Its a discipline by itself which changes with the environment we are working with, its very dynamic and needs constant review and evaluation. Its more to do with how we make use of the resources in terms of People , processes and practices to firstly allign with the business requirements and to achieve the goals and objectives of an organisation.

Experience can assist you in good management but its not the sole criteria. Young IIM graduates are the best example. At a young age most of them are CEO/CFOs .

Bad experience is a bad experience. Its got nothing to do bad management. The best one can get out of a bad experience is the lesson learnt and nothing more than that.  Hence both are two are different entities and do not qualify for a comparision.