Friday, February 10, 2012

List of Countries that I have been to, so far ---> More than 50 (still counting)...

I have been fortunate enough to visit a few countries on business (on work). Even though I have not spent enough time in these countries, I am glad that I was able to spend a day or  in these countries and get a feel of the local culture, food and people. Plus do some local shopping...
Countries list:
  1. India
  2. Iceland
  3. Saudi Arabia
  4. Pakistan
  5. Dubai
  6. Kuwait
  7. Bahrain
  8. Canada
  9. Holland
  10. England
  11. Ireland
  12. Scotland
  13. France
  14. USA (been to 45 of the 50 states in USA)
  15. Spain
  16. Germany
  17. Portugal
  18. Italy
  19. Greece
  20. Sweden
  21. Norway
  22. Denmark
  23. Belgium
  24. Poland
  25. Germany
  26. Austria
  27. Switzerland
  28. Czech republic
  29. Estonia
  30. Russia
  31. Ukraine
  32. Mexico
  33. Columbia
  34. CostaRica
  35. Chile
  36. Bangladesh
  37. Japan
  38. South Korea
  39. Hong Kong
  40. Taiwan
  41. Dominican Republic
  42. Puerto Rico
  43. Barbados
  44. Bahamas
  45. France
  46. St. Maartens
  47. Trinidad & Tobago
  48. Singapore
  49. Thailand
  50. United Arab Emirates
  51. Plus a few more islands in the Carribean... will list soon...

Toyota Venza... I like Cross overs... I think.

Mercedes-Benz R-Class 2011. (R320 CDI). Interesting Cross-over.

Do some students drop out of MBA programs? Yes, they do. or Why do some students quit the MBA programs they are in?

It is a common problem in many Universities and programs - students dropping out of courses or out of the program itself. I presume that the drop-out rate is more in the Undergraduate level education, rather than at the graduate level.

What are the reasons why MBA students discontinue the MBA program?
  • Loss of interest after starting the course. I know a student who started the program and took a few courses. He was a good student, too. However, after a while he just lost interest and he felt that he should focus on his job and running his business. He quit.
  • Unrealistic expectations from the course. People sometimes enter the program without having an idea about what the program is like. Perhaps some students do not do their research or their homework. After starting the program, it is possible that they find it different from what they had expected. And hence, they quit.
  • Jumping to another program or another Business School. And hence quitting this school. I know of a case where a student jumped from our business school to another because he felt that another school was a better fit for him. Additionally, he secured a scholarship in the new school.
  • Inability to cope with the workload and the pressure. I know a student who felt that the workload was too much for him to handle and hence quit the program.
  • Failure in exams. After failing a course, a student may get disheartened and quit the program altogether.
  • Job situation. I know a student who got a good job, a short while after starting the program and hence did not return to school. It is true that when a person is enrolled in an MBA program, his value increases, immediately after enrollment :) Someone being in a MBA program signifies that the person is committed to learning and to improving his or her skills as well as chances to succeed in the workforce.
  • Problem with commuting. For some students, the school may be quite some distance away from home. While enrolling in the program, due to the enthusiasm, the student may join a school. But after a while, when the honeymoon period is over, and the daily grind of the MBA sets in, they may lose the stamina / energy to do the regular commute and discontinue. In my personal opinion, the school should not be more than 1 hour commute one way, if you are a Full Time student. But then again, it is up to inviduals to decide and cope.
Well, for now, these are the factors that I can think of. One pattern that I have noticed is this - there is a greater tendency for Part Time MBA students to quit, rather than full time. There is a tendency for immigrant students to lose enthusiasm quickly, due to lack of compatibility with the program, since they have been in a different system previously.

Will add more points later, if I can think of any.

Cheers,

Gerry Som.
Blogger @ www.gerry.in

Find a good mentor and learn from him / her. It is extremely important.

From the link: http://www.theglobeandmail.com/report-on-business/small-business/tip-of-the-day/what-kind-of-mentor-do-you-need/article2321323/


Find a mentor. A good one. We are not talking about having a friend. A mentor. It will make your life MUCH easier. Mentors help you advance in work and life. But don’t wait for someone to take you under his wing. Seek out people who can help you. The first step is to figure out which mentor will best meet your needs.



Mentor (definitions): A wise and trusted counselor and teacher. An adviser. An influential sponsor or supporter. Tutor. Monitor. Preceptor. One who shares knowledge, skills, information and perspective. Teacher. Problem solver. Motivator. Coach. Guide.  


1). The co-mentor: This can be anyone – a colleague, a friend – who needs you as much as you need him. Find a co-mentor if you have a specific skill to learn and something to teach in return.


2). The remote mentor: This is someone outside your organization who can offer objective advice. You may need a remote mentor if you are looking for a fresh perspective and you’ve already exhausted closer resources.


3). The invisible mentor: You don’t have to have a personal relationship with this mentor. You learn from observing and following her example.

The art of Managerial Persuasion ---> 3 things you should NOT do...

From the link: http://www.theglobeandmail.com/report-on-business/careers/management/management-advice/three-donts-of-persuasion/article2331162/

(From Harvard Business Review)

There are some simple ways to help persuade people to believe in your idea without alienating them. Persuading people to believe in your idea is a critical leadership skill. But too many managers don’t know how. Here are three things to try next time you need to gain consensus or secure a deal:

1) Don’t make the hard sell
Setting out a strong position at the start gives opponents something to fight. It’s better to present your position with reserve, so you can adjust it if needed.

2) Don’t resist compromise
Compromise is not surrender. People want to see that you are flexible enough to respond to their concerns and incorporate their perspectives.

3) Don’t assume it’s a one-shot deal
Persuasion is a process. You’ll rarely arrive at a solution on the first try. Listen, test your position, and then refine it based on the group’s input.

The Advantages and Benefits of Being a Student While Founding Your own Company.

From the link: http://velocity.uwaterloo.ca/events/benefits-student-founding-startup

The benefits of being enrolled in university while simultaneously founding a startup:

1) Professors - free tips & advise + seminars / lectures etc.
2) Networks & team members / business partners
3) Competitions & prize money.



Details:

1) Professors are extremely open to helping students succeed. The majority of BufferBox’s backend work was developed in classes. Instead of completing assignments as required in the syllabus, Mike and Jay altered them to work on BufferBox using concepts taught in class, convincing the professors that this form of applied learning was ideal.

2) Use your school experiences to find the perfect team. There is nothing worse than forming a team with the wrong individuals, especially where issues of legality in later years are concerned. Group work allows you to target members who share similar interests and with whom you work well. You should also consider the size of these groups and the resulting effect on group decision-making. A large number of people can be passionate about a single idea, but have conflicting opinions for the direction in which to take that idea. It is much easier to come to a consensus as a small group.

3) Take advantage of competitions offered by your university. Schools often provide a number of business competitions. They’re a great way to practice your pitch, get feedback about your product, and, if you’re lucky, to win some money to build your prototype. They are also a great chance to make personal connections with influential individuals, like the judges. In addition, competitions can act as a measure of your interest in continuing that business idea. If you find yourself discouraged enough to quit after losing a competition, you’ll certainly find it difficult to establish yourself as a successful startup.

+ More points from me:

Mentorship:
From business leaders & companies.

Sympathetic attitude towards business performance:
You are free from pressure regarding your business while you are a student. If the business does not take off instantly, you can always say "but hey, I am still a student". Once you graduate, you are just like any other man on the street - alone, left all by himself to fend for himself!

Student discounts for items like:
- TTC passes
- Movie theatres
- Bank accounts
- Cell phone rates
- Books etc.

So being a student is not so bad, after all :)

- Gerry Som.
www.gerry.in

How do you repay your loan?

3 things you need to know about OSAP ---> Ontario Student Assistance Program

Stocks ---> Intrinsic Value versus Market Price. A picture.

A funny Ad about a New Graduate who gets a gift from parents...