The MBA: a Grand Tour in the age of Airbnb

Lovely column in today’s FT (behind a paywall, alas) about the MBA degree, a qualification that I’ve long regarded as pernicious. The peg for the piece is the fact that King’s College London is launching a new business school which is very pointedly not offering an MBA. At one point, Broughton retells a story about the “marshmallow challenge” invented by Peter Skillman (a former smartphone company executive):

A team of four or five people is asked to build the tallest possible structure using 20 strands of dry spaghetti, a roll of tape, a ball of string and a marshmallow, in 18 minutes. Mr Skillman found that the most successful were children just out of kindergarten. They immediately began building, and if their tower collapsed they would build again. The worst were recent MBA graduates. They would start by arguing about who had the most expertise, then sketch blueprints and make calculations before constructing a tower. If it collapsed, they had no time to start over.

That sounds too good to be true. Still, as the Italians say, if it’s not true it ought to be.