Should companies favour fresh grads or experience people

I came across an article in economic times addressing the issue of experience over a fresher. THe key spokesperson in the article is one Mr.Peter Lorange, president of IMD, one of the world's leading business schools.

Here he talks about pros with experience as "growth sponsors", they are the ones on which the company should bank on future growth instead of the fresh talent with an MBA degree. I don't subscribe to this view entirely and nonetheless i am not contradicting it too. Fresh talent will be "growth sponsors" too, with their new ideas, their passion for work, the drive to do things differently will do a lot good to the company for its future growth.

The experience people do have certain pluses to their credit : their understanding of the market a nd the thing between their ears will be more mature will help the company in a different way.

In conclusion, I feel that depending on the circumstances the company should go for freshers or retain the experience pros. Both have their own pluses 'n minuses, there should be an healthy mix of both of them for the company to see a more 'n more positive slope in its growth curve.

Source : Business guru favours experience over MBA