Thursday, January 5, 2012

List of Business Schools in Canada

From Wikipedia, the free encyclopedia
The following is a list of business schools in Canada organized by province.
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Nova Scotia
Ontario
Quebec
Saskatchewan

#Business-History: MBAs should know companies like a child knows about fruits

I have a theory.

MBA students should know companies very well, just like even a child knows about fruits. Ask someone about a Banana and you shall hear, perhaps "It is yellow ouside, white inside, after you peel the skin. It is long and curved and tastes sweet". But ask any MBA student to describe a major company in detail, and he or she may not know much, unless he / she has done a case study about it or read up out of personal interest. The reason being that comprehensive history or current affairs is NOT given priority in Business Education in all Business Schools. Yes, there are patches of them here and there, but no exhaustive comprehensive coverage. This is where I wish Business History appeared as a compulsary course .

"Unfortunately, Business History is not taught in all MBA programs". Just after I wrote the preceding sentence, I did a Google search and found that Harvard Business School does indeed teach Business History in the program. Yes, a SEPARATE Business History elective. (I am not talking of the Case Method here). Well, I guess a student can educate himself or herself by reading books related to Business History & current affairs. Self help is the best help.

I guess the idea of Business Schools is NOT to teach everything about everything, but rather to teach students enough to graduate as a knowledgable managers. Practically speaking, though, it is NOT possible to teach everything about everything related to Business in Business School.

- Gerry.

Most people like to be FOLLOWERS. They dream of being leaders. But they do NOT lead. Only a few actually go on to be LEADERS.

Most people like to think of themselves of leaders and pioneers someday - in their dreams. However, they are shy / unsure / cautious / afraid / inexperienced to take up leadership. Only a few like to lead. Those that lead are risk takers and bold people. They like the attention and the rewards that leadership brings with it. People like to look at the others at the top and complain. However, there is no body stopping them from reaching the top.


There is a saying in Canada "Only the lead dog gets a change of scenery". Or "Unless you are the lead dog, the scenery never changes". This is with respect to a pack of dogs pulling a sledge. The lead dog is usually the best dog and among the smartest. It gets to see the road ahead. The other dogs only get to see the backside of the dog in front of it. This is the truth in life as well, eh? 

This is not to put down any body. I am trying to inspire myself, in the first place. But I wish to express this - any body can choose to lead. But not every body chooses to. Ultimately, it is upto you! Who do you wanna be? A leader or a follower? :)

- Gerry.

My latest resume is a LinkedIn PDF download !

Let me be honest. I modify my resumes often. Both my MSWord document resume and my LinkedIn profile resume. However, I had not been able to nail it down. yesterday night, I worked on my resume again, for the umpteenth time. And then downloaded the PDF version (you have an option on LinkedIn). And voila! Resume looked much better now, compared to the past.

So far, in the past, I was a firm believer of a 1 page resume. But I had a change of heart. I am going for a detailed resume from that of LinkedIn now.

The four types of consulting

From: http://www.hpbech.com/2011/07/the-four-types-of-consulting/

 
There are many types of consulting. The way you promote your consulting services, the way you generate leads, the way you sell and the way you deliver depend heavily on the type of consulting business you exercise.

A project may often be a mix of various types of consulting services. This is a serious challenge for the individual and independent management consultant. Mastering the many types of consulting services as an individual is simply not possible.

It is important to know the 4 types of consulting, what they are, examples of each type, the impact on you sales efforts & the impact on your delivery infrastructure.

 
Objectives of the post:
  1. explaining 4 types of consulting
  2. Helping identify needs of clients
  3. Coach client for successful project accomplishment
  4. Review impact on the sales process
2 criteria are used to determine the types of consulting:
  1. How close do you have to be to the client?
  2. Is it a standard or customized process? To what extent?
4 types:
  1. Pharmacist
  2. Nursing
  3. Brain Surgery
  4. Psychotherapist
Details:
  1. Standard process + little client contact = “Chemist or Pharmacist”
  2. Standard process + close client contact = “Nursing" 
  3. Customized process + little client contact = “Brain surgery”
  4. Customized process + close client contact = “Psychotherapist”

Examples:

1) Pharmacist
  • Staff recruitment

  • Staff profiling

  • Strategy review

  • Channel recruitment


  • 2) Nurse
  • Channel program development

  • Executive recruitment

  • Sales training

  • Customer satisfaction surveys

  • Market assessments


  • 3) Brain Surgeon
  • Tax consulting

  • Legal consulting

  • Development of P&L models, remuneration schemes and other concepts

  • Interim management


  • 4) Psychotherapist
  • Management coaching

  • Ambition discovery

  • Strategy development

  • Value Proposition definition/development

  • Investment prospect development

  • M&A consulting
  • The truth behind Management Consulting Salaries

    From: http://managementconsulted.com/consulting-jobs/the-truth-behind-consulting-salaries-from-analyst-thru-partner/

    First year out of undergraduate:

    • Base salaries: $50-65K
    • Signing bonuses: $5-10K
    • Relocation/moving expenses: $5-10K
    • Year-end bonus: $5-10K depending on firm.
    That’s an average of $70-75K in first year consulting pay. As a summer intern, you can expect a comparable, pro-rated salary minus bonus. This does not include retirement contributions.

    First year out of business school/MBA:

    • Base salaries: $110-140K
    • Signing bonuses: $20-40K
    • Relocation/moving expenses: $10-20K
    • Year-end bonus: $20-40K depending on firm.
    That’s an average of $160-200K in total first year consulting pay. Again, consulting summer interns should expect a pro-rated portion minus bonus. This does not include retirement contributions. My original estimates were a bit lower, but have been adjusted upward based on emails and the comments below.

    Progression track through partner:

    My numbers have a higher risk of being inaccurate as this is only from personal anecdotes, so if you have better information, email me or comment below
    • Engagement manager/Project leader: $175-250K
    • Associate principal/Senior project leader: $250-400K
    • Partner/Principal: $500-800K
    • Senior partner/Director: $1M plus
    Senior consultant salaries becomes increasingly variable and performance-based

    How consulting salaries lose to finance:

    At almost every level, your salary will be 30-50% lower than a comparable position in investment banking. This is variable by year and median salaries in non-banking departments (such as research, asset management, sales & trading) are lower than in banking. But as mentioned in the consulting versus banking post, consulting is not a profession to make big bucks.

    How consulting firms compensate for the lower salaries:

    • Better benefits – healthcare, life insurance, etc
    • Retirement contributions – this one is important because at MBB, they’ll contribute an added 5-10% of your base salary to your retirement funds, effectively a 5-10% year-end bonus! (A reader just informed me that his MBB retirement contribution starting fulltime in ’09 was 4.5%, which is lower than I’d seen in previous years)
    • More generous expense/reimbursement policies, travel perks, etc

    History of Consulting companies.

    Here, I attempt to write a summary of the history of consulting companies. There is also an interesting VIDEO below about the history of consulting companies in USA.



    The History of Consulting from Joe O'Mahoney on Vimeo.

    Something funny happened! Google Ad post showed the product relevant to my Blog post witin milli seconds !!!!!

    This is funny and crazy. As soon as I posted a free ad for a company below, Google Ad banner above immediately showed the same photo adpost relevant to the key words in the blog post below. This is crazy and ridiculously fantastic how Google works! Now I get it!!! Now I know why the ad representative of the company wanted me to write about the company about the blog. She was not eyeing the just 1 post on my blog. She was eyeing the banner as of Google on my blog site, ha ha :) Its all cool. I did learn somewthing from this experience too. If you have an open mind, you shall learn new things everyday :)

    If you did not know it, Google serves up ads on its banners relevant to the key words in the content of the written matter on the page. I mean if someone like beer, the ads for beer pop up. If some one likes golf, ads relevant to golf pop up. Very specific.

    Google Adwords: People ----> Pay money to google to place their ads
    Google Adsense: Google ----> Pays money to people who put up banners on their blogs, videos etc.

    Mark my words. Google is like Coca Cola, Walmart and McDonalds. Google is here to stay. Google has become so much a part of our lives that it shall be difficult for it to just disappear. On the other hand, Facebook has NOT succeded in the way Google has. Facebook is a highly overvalued company, in my opinion. As soon as the next big thing is here, Facebook shall be in danger. (Not that I am wishing bad for Facebook. I use Facebook myself and like it.) It is just that I do not see it being "Cool" for ever. Google is utilitarian. Google is everyday life. Facebook is, too. But there are other platforms to communicate - Google+ is here now too. Soon, there will be others.

    The next big thing could be around the corner. Or a bunch of teen age geeks could right now, at this very moment be building it in some garage, who knows in the Palo Alto or Stanford area, ha ha ha :)

    - Gerry.

    If you build it, they will come ! Here come the advertisers :))) My 1st Advertisement posting on this blog (for free) !

    I started this blog
    - purely for fun and as a way to :
    - document my MBA experience
    - educate myself with regards to MBA topics
    - share my experiences with others
    - educate others who are interested in business management.
    - all this for FREE !

    Why?
    - because it makes me happy
    - because it helps others who are looking for information and makes them happy
    - because it makes me happy to know that others are happy

    However,
    - there were some unexpected results
    - the blog started getting hits
    - people started liking the information and leaving comments
    - people started writing to me & asking me for opinion / advise regarding MBA in Canada
    - I started getting messages from advertisers regarding putting ads on my blog

    Now,
    - this blog was NOT intended to make money
    - I am against advertisement on this blog
    - even though I spend a lot of time & energy writing this blog (it is NOT easy :)
    - but the Marketing team of this company called Nymgo was persistent
    - So I decided to give it a shot for free. I am NOT getting paid for this or getting anything in return. This is just a favour. A good deed.
    - This is officially my first Ad endorsement. I feel like a celebrity already :))) Next time, I want to be paid, damn it, LOL :)



    ADVERTISEMENT below:-
    *********************************************************************************
    Nymgo is a VOIP (Voice Over Internet Protocol) service provider. They offer international calling. Their website is www.nymgo.com . They have a contest to win one fo 5 plane tickets to fly anywhere in the world. They have some offers and prizes to give away.


     
    WWW.NYMGO.COM  - PC TO PHONE CHEAP INTERNATIONAL CALLS !

    I LOVE Wikipedia. There! I said it :)))



    I love Wikipedia. I know that it is taboo to talk about it, especially in a professional environment and in research circles. But screw it! You have to give credit where credit is due. Do not slander Wikipedia - the labour of love of the crowds. Yes, crowd-sourcing is a powerful engine, indeed!

    You know what the problem with Wikipedia is? It is like that nice, quiet, simple, non demanding wife. While other sources are like the sexy mistresses. Wikipedia does not get any credit for all the good things it does. It deserves better! They are asking for donations now to keep going. I think Wikipedia deserves some support, people !!!

    Any student currently in school knows how much helpful Wikipedia is, in understanding the basic concepts of subject matters. Not only is it written in simple language, it offers a wholistic view and a birds eye view of the subject. Can there be any thing more amazing for some one who just wants to know a few basic points about something ?! :)

    This is what I do:
    • I go on wikipedia (usually by Google searching Wiki and the topic)
    • I read the article and understand it
    • I look at the references
    • I read the references and understand them
    • I use the references for citations and references, but NEVER Wikipedia
    • Sweet? Cool? You betcha :)
    - Gerry.

      7 Tips to become an ERP consultant

      From: http://it.toolbox.com/blogs/bi-applications/7-tips-on-becoming-an-erp-consultant-11758

      1. Learn the basics of ERP
      2. Learn Oracle basics like SQL, pl /sql
      3. Learn at least a couple of tools to build extensions to Oracle apps
      4. Learn the fundamentals of at least 4 to 5 modules
      5. Learn Discoverer
      6. Get some training
      7. Get your first assignment
      & Get going! You are on your way.... Consultant :)))

      ERP Consulting. What is it? When do you need ERP control help?

      ERP = Enterprise Resource Planning

      About ERP: (Source: Wikipedia)

      Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application. Their purpose is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders.[1]
      ERP systems can run on a variety of hardware and network configurations, typically employing a database as a repository for information.[2]
      When do you need ERP control help?
      From: http://www.pwc.com/ca/en/controls/enterprise-resource-planning/index.jhtml
      • Implementing an ERP solution for the first time
      • Encountering compliance issues with regulatory bodies
      • Using controls that are very manual in nature and time-consuming to assess and enforce
      • Merging with or acquiring another business and need to integrate its systems and processes into your own
      • Converting to new standards, such as International Financial Reporting Standards

      5 ways to keep your financial books clean

      From: http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/5-ways-to-keep-your-financial-books-clean/articleshow/11371197.cms?curpg=1

      5 useful tips to remember:
      1. Limit your home loans
      2. Avoid over leveraging
      3. Don't get too personal with loans
      4. Don't fall for car loan offers (vehicle is a depreciating asset)
      5. Wipe off your credit card debt

      Good loans, Bad loans & Worst loans.