Saturday, December 17, 2011

My MBA Status Update (17th December, 2011):

Courses completed by me already so far:
  1. Marketing
  2. Global Marketing
  3. Accounting
  4. Economics
  5. Human Resources
  6. Strategy
  7. Business Law, CSR (Corporate Social Responsibility), Ethics
  8. Research & Communication
  9. International Entrepreneurship
(I had to cut my Summer term midway due to an urgent personal situation that I had to attend to, in India. Otherwise, I would have had 2 more courses under my belt, by now. But I am glad I am back).

Courses I shall take soon (to graduate):
  1. Logistics & Supply Chain Management
  2. Finance
  3. Managerial Accounting & Finance
  4. Healthcare Policy Management
  5. Consulting
  6. Major Research Paper +  Internship (or job)
I hope to complete most of these by April and get into a job or internship by May, 2012. 
    Additional courses I wish to take, out of my own interest, even after graduation:
    1. Project Management course + CAPM test.
    2. Operations Management
    3. Brand Management
    4. Lean, Six Sigma, Kaizen, TPS
    5. Customer Service / Relations Management
    6. Statistics
    7. Negotiations & Conflict Management
    8. International Strategic Challenges
    9. Social Media
    10. And more...
    What I have in mind is this - Even after graduating with an MBA, if I continue to live in the Toronto area, I shall return to school to take 1 or 2 courses every term, on my own initiative. I love learning so much that I would love to get abundant knowledge and empower myself to become an excellent Business Manager. This is the plan for now. Will see how things turn out :)

    Regarding job hunt, I had planned to start a job in January earlier. But now, I have decided to postpone job till April end or May 2012. I plan to complete all my courses on a full time basis by April - so that my studies do not interfere with my job and my job does not interfere with my studies...

      More about Harvard Business School

      Debate this!

      I invite readers to debate on this sentence I read as a post online. Please feel free to leave comments below :)

      What the post read:

      "Business ethics is a oxymoron."

      Parody: INSEAD Business School vs Harvard Business School

      Life at Harvard University's Harvard Business School. Interesting video...

      SEO info: Internet Information Streams and Networks.

      Source: www.canuckseo.com

      SEO is very important and useful for all websites.

      Info from a website inevitably gets linked to info from other sources on the internet as below. It is a good idea to optimize your website to Search Engine results:
      • Search engines
      • Blogs
      • Video sharing sites
      • Photo sharing sites
      • News sites
      • Bookmarking sites
      • Social News Aggregators
      • Portals
      • Wikis  

      Photos of Ted Rogers School of Management, Ryerson University.

      Source: Flickr / Internet.

      Life at Harvard. I wanna be a part of the Ivy League someday in some way or form. Yup, its a dream that I hope to realise someday :)

      A girl (who accepts multi culturalism) offering tips about dating, including - be nice, be yourself & don't play games :) (Please ignore the title of the video - not relevant).

      Why does Finland have the BEST education system in the world?

      • Population: 5 million. 
      • People love coffee
      • #1 in Science & Math. (US is #17 in Science & 24 in Math)
      • <2% high school drop outs in Finland (vs 25% in USA). 
      • Tough curriculum. 
      • Balance of school and play
      • School time is very focused 
      • Higher teacher to student ratio. 
      • Many teachers stay with the same students for several years
      • All teachers are Masters degree holders. 
      • Help for weaker students. 
      • Continuity in class.
      • Involved parents. 
      • Parents push their children to study well
      • Relaxed environment in the classroom. 
      • Average student speaks 4 languages. 
      • Finnish culture that values education. 
      • Highly efficient education system & a state supported healthcare. 
      • But 40 years ago, Finland was a poor country dependent only on agriculture. 
      • Like doctors & lawyers, the best and brightest are chosen to teach. 
      • Finland spends USD.3000 less per pupil as compared to American students. How do they achieve more?
      • Teaching is an appreciated profession. Like doctors and lawyers, Finland's best and brightest are chosen to teach. 
      • Top 10% of graduates are teachers in Finland, versus bottom 25% in USA
      • An amazing success story. 
      • Finland's blueprint: (1) Tough national curriculum (2) Masters degrees for all teachers (3) Up to 3 teachers per class - 3rd works with weaker students.
        Boy, I love the Scandinavian countries now :) I have been to Norway, Sweden & Estonia in Northern Europe apart from the other European countries - like France, Germany, Spain, Portugal, Italy, Greece, Poland, Belgium, Czech republic and so on...

        #Education: Finland has best education system in the world (NBC NightlyNews)

        Truth in advertising: New rules in Canada.

        Link:
        http://www.moneyville.ca/article/1103147--tell-the-truth-about-airfare-costs-ottawa-says?bn=1

        No longer can airlines advertise artificially low airfares. They have to go for full disclosure. Interesting article.

        The 25 Best Companies To Work For In America

        From the link: http://www.businessinsider.com/best-companies-to-work-for-2011-12?op=1

        Nap pods and rock-climbing walls are fun, but what really makes a great company are the simple things: good people, good opportunities, good pay.
        Two consulting firms, Bain & Co and McKinsey, beat out the trendy tech companies on Glassdoor's annual ranking, which is based on anonymous employee reviews.
        Google, Facebook and Apple also scored near the top.

        We've picked out the top 25 from Glassdoor's survey, with CEO satisfaction rating serving as a tiebreaker.
        1. Bain & Co
        2. McKinsey & Co
        3. Facebook
        4. Mitre
        5. Career Builder
        6. Google
        7. Slalom Consulting
        8. REI
        9. Trader Joe's
        10. General Mills
        11. Apple
        12. Sales force.com
        13. Dow chemical
        14. Rackspace
        15. United Space Alliance
        16. National Instruments
        17. J Crew
        18. Wayfair
        19. Costco Wholesale
        20. Citrix Systems
        21. Chevron
        22. South West Airlines
        23. QUALCOMM
        24. SAP America
        25. Procter & Gamble

        Why an international MBA is a good idea.

        (From the internet). 

        Learn from and with International Professionals
        Step out of your comfort zone. Studying an MBA is unlike that of Science or Technology where it is mostly lecture oriented. An MBA involves working with others in group projects, business ventures and working dynamically as part of a group larger than yourself to approach tasks.
        This means a lot of your learning will come from interaction and learning from others within your program. That being said, it is obvious then that you would want your colleagues and classmates to have just as much experience as you have and hopefully from a different career perspective than you. This way, you are all able to bring view points and ideas to the table. 

        Expand Your Experience
        It is said that the majority of students entering Indian MBA schools are fresh out of college or university without any work experience as of yet. If you are a professional already and have already had experience working in a management role, or within a family business for a few years, studying locally may not give you the opportune situation to learn from others who have different experience than you as well as skills and abilities that you can learn from them.

        Diversity = New Perspectives
        Studying abroad at an international school gives you the chance to connect with professionals from all over the world. Plus, chances are your colleagues background experience will not be the exact same as you. To differentiate yourself with your MBA I would highly suggest getting an MBA abroad.

        Differentiate Yourself - Don't be the Majority!
        The schools in India are definitely difficult schools to attain admission into, the caliber of study there is one of great reputation. However, students attending these schools often come from similar backgrounds and experiences. For example, engineering, IT, science and may have 1 or 2 years working within the industry. Each individual is extremely bright in their own right, however is there much to differentiate you from your classmate?
         
        Diversity of foreign education is definitely an advantage here. The exchange of perspectives and thoughts is huge, and when there is no diversity, learning can often become stifled.
        You will find that your colleagues abroad have much experience and a lot to offer you to learn from them. Plus, you won't just be a needle in a hay stack. As an international student with international experiences and education, you'll be able to make a mark!

        International Business Education
        During your undergraduate education, you may have seen a lot of reference to business in the United States, the reason being that business there is taking on an international viewpoint. Do not think that by studying in the United States, Canada, the UK, Singapore or any other place will cause you to loose touch with your Indian educational upbringing. This is not the case! Studying abroad pushes your capabilities and allows you to learn a vast amount of business preparation so you are able to stay where you are to work, or bring back this fantastic knowledge to put to work where you originally started! With an international education, the tools and skills you learn are easily transferable where ever you decide to take them - into any career you've been thinking about!

         

        How could you - do this to me? R&B Remix.

        Ten Timeless Persuasive Writing Techniques

        From the link: http://mba.learnhub.com/lesson/6026-ten-persuasive-writing-techniques 


        Want to convince your readers to do something or agree with your point of view? Okay, that was a silly question. Of course you do. Persuasion is generally an exercise in creating a win-win situation. You present a case that others find beneficial to agree with. You make them an offer they can't refuse. It's simply a good deal or a position that makes sense to that particular person.

        But there are techniques that can make your job easier and your case more compelling. While this list is in no way comprehensive, these 10 strategies are used quite a bit because they work. Talk to anyone well versed in learning psychology, and they'll tell you repetition is crucial. It's also critical in persuasive writing, since a person can't agree with you if they don't truly get what you're saying. Of course, there's good repetition and bad. To stay on the good side, make your point in several different ways, such as directly, using an example, in a story, via a quote from a famous person, and once more in your summary.

        Reasons Why
        Remember the power of the word because. Psychological studies have shown that people are more likely to comply with a request if you simply give them a reason why, even if that reason makes no sense. The strategy itself does make sense if you think about it. We don't like to be told things or asked to take action without a reasonable explanation. When you need people to be receptive to your line of thinking, always give reasons why

        Consistency
        It's been called the "hobgoblin of little minds," but consistency in our thoughts and actions is a valued social trait. We don't want to appear inconsistent, since, whether fair or not, that characteristic is associated with instability and flightiness, while consistency is associated with integrity and rational behavior.

        Use this in your writing by getting the reader to agree with something up front that most people would have a hard time disagreeing with. Then rigorously make your case, with plenty of supporting evidence, all while relating your ultimate point back to the opening scenario that's already been accepted.

        Social Proof
        Looking for guidance from others as to what to do and what to accept is one of the most powerful psychological forces in our lives. It can determine whether we deliver aid to a person in need. Obvious examples of social proof can be found in testimonials and outside referrals, and it's the driving force behind social media.

        Comparisons
        Metaphors, similes and analogies are the persuasive writer's best friends. When you can relate your scenario to something that the reader already accepts as true, you're well on your way to convincing someone to see things your way. But comparisons work in other ways too. Sometimes you can be more persuasive by comparing apples to oranges. Don't compare the price of your home study course to the price of a similar course - compare it to the price of a live seminar or your hourly consulting rate. 
        This is a persuasion theme that works as an overall approach to making your case. First, you identify the problem and qualify your audience. Then you agitate the reader's pain before offering your solution as the answer that will make it all better.
        The agitation phase is not about being sadistic; it's about empathy. You want the reader to know unequivocally that you understand his problem because you've dealt with it and/or are experienced at eliminating it. The credibility of your solution goes way up if you demonstrate that you truly feel the prospect's pain.
        Prognosticate
        Another persuasion theme involves providing your readers with a glimpse into the future. This entire strategy is built on credibility. If you have no idea what you're talking about, you'll end up looking foolish. But if you can back up your claims with your credentials or your obvious grasp of the subject matter, this is an extremely persuasive technique.||

        Go Tribal
        Despite our attempts to be sophisticated, evolved beings, we humans are exclusionary by nature. Give someone a chance to be a part of a group that they want to be in-whether that be wealthy, or hip, or green, or even contrarian, and they'll hop on board whatever train you're driving. This is the technique used in the greatest sales letter ever written. Find out what group people want to be in, and offer them an invitation to join while seemingly excluding others.

        Address Objections
        If you present your case and someone is left thinking "yeah, but", well, you've lost.

        Addressing all the potential objections of at least the majority of your readers can be tough, but if you really know your subject the arguments against you should be fairly obvious. If you think there are no reasonable objections to your position, you're in for a shock if you have comments enabled.

        Storytelling
        Storytelling is really a catch-all technique - you can and should use it in combination with any and all of the previous nine strategies. But the reason why storytelling works so well lies at the heart of what persuasion really is.

        Stories allow people to persuade themselves, and that's what it's really all about. You might say that we never convince anyone of anything, we simply help others independently decide that we're right.

        Do everything you can to tell better stories, and you'll find that you are a terribly persuasive person.

        30 Tips on Business Meeting Etiquette

        From the link: http://mba.learnhub.com/lesson/2779-30-tips-on-business-meeting-etiquette

        1. Be punctual or even better turn up a bit earlier. If this is not possible, arrive at the scheduled time at the latest. But don't be late! If you turn up late, step in quickly and quietly while taking your seat. The less interruption you create the better.
        2. When invited to a business meeting, be sure to reply if a reply is requested.
        3. Don't expect others to fill you in during or after the meeting.
        4. Come prepared with pen and paper 
        5. If you need to hold a presentation, make sure that handouts, PowerPoint slides etc. are ready and organised. Handouts should have been sent at least three days prior to the meeting.
        6. Don't interrupt the speaker unless he/she has encouraged open discourse throughout the meeting. Don't interrupt other attendees neither. 
        7. Don't talk during a meeting with other colleagues. This is disruptive to other attendees and inconsiderate of the speaker. 
        8. Silence your electronics, e.g. cell phones, pagers etc. You can either activate a voice mail or forward messages to another phone. If you have forgotten to turn off your phone during the meeting, don't answer it in the middle of the meeting. 
        9. When asking a question, raise your hand, don't just blurt out your question. Hold them until the end of the meeting or other specified time. 
        10. Don't ask long questions. Break them into several questions and make sure you only ask one question at a time. 
        11. Listen carefully what the speaker is addressing, the attendees' questions and the answers provided. You surely don't want to ask a question that has already been asked. 
        12. Stay calm. Don't fidget, tap your pen, play with your fingers, read materials not concerning the meeting or any other act that might distract other attendees. Regardless of how heated the meeting may become, remain always calm. 
        13. Attend the entire meeting. Unless it is absolutely necessary or you have prior permission, you can leave earlier. Bear in mind, that leaving earlier is disruptive to other attendees and inconsiderate to the speaker. 
        14. Dress professionally for the meeting. 
        15. If there is an established seating pattern, accept it. If you are unsure, ask. 
        16. In discussions allow more senior figures to contribute first. 
        17. Be brief when speaking and make sure what you say is relevant. 
        18. Don't divulge information to others about a meeting. What has been discussed should be considered as confidential. 
        19. Set a time limit for the meeting and end on time! 
        20. Follow the agenda. Create an agenda and make sure you distribute it to all participants beforehand. Stick to only what is on the agenda. 
        21. Conduct yourself professionally. Demonstrate your knowledge and understanding. 
        22. Thank the chairperson for organising the meeting. It is a sign of respect.  
        23. If meeting goes off topic, remind the attendees of the agenda at hand and suggest that unrelated matters be addressed at another time. 
        24. Respond to the wishes of the chair who is conducting the meeting. 
        25. If the meeting is likely to discuss problems, make sure you thought about some solutions to offer.  
        26. If someone cannot attend the meeting, provide them with all details as to what has been discussed. 
        27. Be poised, polite and polished. Don't curse and don't use slang. 
        28. Give full attention to the meeting, don't text messages, check your emails, apply make up, comb your hair, clip your nails, etc. This is not the right place for it. 
        29. Keep eye contact 80 - 90 % of the time. 
        30. Once the meeting is over, follow up with all participants. Circulate a list of action items, resolutions and issues that remain open. Don't forget to thank people for attending the meeting and request feedback.

        5 things I learnt in Business School - An online article.

        From the Link:
        http://www.precisionessay.com/2011/12/5-things-i-learned-in-business-school/


        Summary:
        1. Who I am, compared to everyone else. (each is different)
        2. Professors aren’t the only teachers. (Classmates are, too)
        3. Everything is business. Business is everything. (Your thinking)
        4. You never know where you will end up. (Can't predict future :)
        5. You don't learn enough. (Not possible to take ALL courses)

        1. Who I am, compared to everyone else.

        Sitting in a room full of overachievers, it is easy to find out where you stand.  Humbling at times, but easy. I remember the moment I realized (pretty early on, mind you) that I wasn’t the smartest guy in the room. But EVEN when compared to those brilliant people, I realized that I WAS a natural leader… and that helped me as I continued through HBS and beyond.

        You may be used to being among the best at everything – that’s pretty typical of the type-A leadership kinda people that make up most MBA programs – but in this room full of amazing folks, you’ll get a good sense (maybe for the first and only time in your life) of the things that you are REALLY better at than everyone else…and where you fall short.

        And those things may surprise you.


        2. Professors aren’t the real teachers (no matter how “esteemed” they are).

        At HBS, like anywhere else, there are some AMAZING professors…and some shitty ones. Truth be told, I had some especially bad ones, and this is pretty common at HBS (and many schools across the board) when the emphasis is on publishing, and not teaching. But that’s okay, because I was surrounded by the most amazing people. Smart, cultured, diverse people. And it’s THOSE people that I learned from.


        3. Everything is business. Business is everything.  

        We did cases at HBS on doctor’s offices, law practices, schools… everything. And it turns out, everything, through the eyes of an MBA, is a business.  Even non-profits can make a TON of money, with CEOs making millions. I can’t even eat at a restaurant or drink a glass of wine without thinking about the business side of it all.


        4. You never know where you will end up.

        I went to HBS to learn more about the real estate business. 4 years later, I founded this online education company. Does that seem like a natural career progression? Absolutely not. Because it’s not.

        But that’s one of the most valuable things about the MBA – by getting it, and by keeping the focus as GENERAL as possible, you keep SO many avenues open, paving the way for so many more.

        If I can give any future MBA student one piece of advice, it would be this: Take classes in EVERYTHING, meet people from all over and SPREAD YOUR WINGS in b-school.  Exposure is the name of the game and the key to success.


        5. Not enough.

        That’s right, I didn’t learn enough.  There was no grade disclosure, and everyone knew that “We were only there to meet people.”  So I made my way through classes, didn’t get into trouble, joined some extracurriculars, and met people.  And through all that, I had NO idea that one day I’d be running an online company.


        In retrospect, I should have taken courses in online business, online marketing, international business, HR, etc. But I didn’t, and I will always regret it. Looking back, all I can say is make the most of your b-school experience, folks. Do as much as you can, soak up as much as you can, and learn from as many people as you can. That’s what makes this all worth it.

        70 (Must watch) Movies that all MBA students / Business graduates should watch.





        There is a lot that MBA students can learn from watching movies. Movies have often been dismissed as purely a source of entertainment. 

        The power of education of the visual medium is perhaps neglected. Here is the list of movies that can help MBAs learn tips and tricks to become better managers and entrepreneurs:





        1. The Social Network (2009)
        2. Wall Street 1 (1987)
        3. Wall Street 2
        4. Up in the air (2009)
        5. Yojimbo (1961)
        6. Boiler Room
        7. The insider
        8. Tucker: A man and his dream
        9. Office Space
        10. Glengarry Glenross
        11. Enron: The Smartest Guys in the room
        12. Citizen Kane
        13. Its a wonderful life
        14. October Sky
        15. Patton
        16. Pirates of Silicon Valley
        17. Barbarians at the gate
        18. Blow
        19. Tin Men
        20. Other Peoples Money
        21. All the President's Men
        22. The excellent docs
        23. I.O.U.S.A.
        24. Freakonomics
        25. Startup.com
        26. Flash of Genius
        27. Kidco
        28. The secret of my success
        29. Norma Rae
        30. Gung Ho 9
        31. Something ventured - History of VC industry & silicon valley.
        32. Herb & Dorothy
        33. Risky business
        34. The Godfather  
        35. The Magnificient Ambersons
        36. Death of a Salesman
        37. Working girl
        38. American Psycho 
        39. Anti-trust 
        40. The Pursuit of Happyness
        41. Network
        42. The Hudsucker Proxy
        43. The Aviator
        44. Jerry McGuire 
        45. Erin Brockovich
        46. A Christmas Carol
        47. The Wizard of Oz 
        48. The man in the grey flannel suit (1956)
        49. Repo Man
        50. Inside Job
        51. Trading Places (1983)
        52. House of Finance
        53. Animal House
        54. 12 angry men
        55. Tunes of Glory
        56. Barbarians at the gate
        57. Risky Business
        58. A small act (2010)
        59. Invictus
        60. Too big to fail (2011)
        61. Margin Call
        62. Surviving Progress
        63. The Corporation
        64. The solid gold Cadillac
        65. Desk set
        66. The apartment
        67. How to succeed in business without really trying
        68. Rogue Trader
        69. Pi
        70. Family ties: Margin of Error