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Shanghai surprise
19 August/ 20 August 2017 | Financial Times | Helen Roxburgh.

It was this frustration that pushed Sy, who graduated with a masters in international business in France, to start making her own skincare products in 2015. Like many entrepreneurs in China, she chose to forego prolonged levels of planning and instead bounced straight on to social media platform WeChat to launch the business.

In Europe, you’d prepare everything first. In Shanghai you just try it and see what happens

WeChat has more than 900m monthly users, and is used not only for messaging but everything from paying bills, buying coffee, giving to charity and taxis. According to a report in 2016, 200m users have linked payment cards with their accounts, and a third spend more than Rmb500 a month via the platform. WeChat has been pushing its in-app payments and mobile-optimised digital stores to draw in businesses.

“It’s fantastic for entrepreneurs,” says Sy. “I had this idea, posted on WeChat, that I was going to be selling my own scrubs and body creams for Christmas, and was surprised at how quickly I started to get orders. Then of course I panicked because I didn’t actually have anything yet — but within a week a friend made me some simple packaging and I was off. I ended up selling out.” After six months, she started to run Lalu full time, selling mostly through online platforms. As well as expanding Lalu, Sy also launched a clothing brand, Nubien, inspired by bright African fabrics and clothing.
women  Africa  entrepreneur  China  Shanghai  personal_care_products  product_launches  beauty  WeChat  Lalu  start_ups  MBAs 
august 2017 by jerryking
The need for an analytical approach to life
November 3, 2013 | FT.com | By Rebecca Knight.

Risk analysis is not about predicting events; it’s about understanding the probability of possible scenarios, according to Elisabeth Paté-Cornell, professor at the Stanford School of Engineering.
In her latest research, she argues that expressions such as “black swan” and “perfect storm”, which have become journalistic shorthand when describing catastrophes, are just excuses for poor planning. Managers, should “think like engineers” and take a systematic approach to risk analysis. They should figure out how a system works and then identify the probable ways in which it could fail.
So does a black swan event exist?
The only one that I can think of is the Aids epidemic. In the case of a true black swan, you cannot anticipate it.
And what about ‘perfect storms’?
A combination of rare events is often referred to as a perfect storm. I think people underestimate the probability of them because they wrongly assume that the elements of a perfect storm are independent. If something happened in the past – even though it may not have happened at the same time as something else – it is likely to happen again in the future.
Why should managers take an engineering approach to analysing the probability of perfect storms?
Engineering risk analysts think in terms of systems – their functional components and their dependencies. If you’re in charge of risk management for your business, you need to see the interdependencies of any of the risks you’re managing: how the markets that you operate in are interrelated, for example.
You also need imagination. Several bad things can happen at once. Some of these are human errors and once you make a mistake, others are more likely to happen. This is because of the sequence of human error. When something bad happens or you make a mistake, you get distracted which means you’re more likely to make another mistake, which could lead to another bad event. When you make an error, stop and think. Anticipate and protect yourself.
How can you compute the likelihood of human error?
There are lots of ways to use systems analysis to calculate the probability of human error. Human errors are often rooted in the way an organisation is managed: either people are not skilled enough to do their jobs well; they do not have enough information; or they have the wrong incentives. If you’re paid for maximum production you’re going to take risks.
So in the case of a financial company I’d say monitor your traders, and maybe especially those that make a lot of money. There are a lot of ways you can make a lot of money: skill, luck, or through imprudent choices that sooner or later are going to catch up with you.
So you can do risk analysis even without reliable statistics?
We generally do a system-based risk analysis because we do not have reliable statistics. The goal is to look ahead and use the information we have to assess the chances that things might go wrong.
The upshot is that business schools ought to do a better job of teaching MBAs about probability.
+++++++++++++++++++++++++++++++++
“Numbers make intangibles tangible,” said Jonah Lehrer, a journalist and
author of “How We Decide,” (Houghton Mifflin Harcourt, 2009). “They
give the illusion of control. [Add "sense of control" to tags]
engineering  sense_of_control  black_swan  warning_signs  9/11  HIV  Aids  business_schools  MBAs  attitudes  interconnections  interdependence  mindsets  Stanford  imagination  systems_thinking  anticipating  probabilities  pretense_of_knowledge  risk-management  thinking_tragically  complexity  catastrophes  shorthand  incentives  quantified_self  multiple_stressors  compounded  human_errors  risks  risk-analysis  synchronicity  cumulative  self-protection  systematic_approaches 
november 2013 by jerryking
Wharton Applications Drop 12% Over Four Years - WSJ.com
September 26, 2013 | WSJ | By MELISSA KORN
Wharton Applications Drop 12% Over Four Years
Business-School Experts and Students Say School Has Lost Its Luster
Wharton  admissions  business_schools  MBAs 
september 2013 by jerryking
Wharton start-up CommonBond extends loans to 20 US MBA courses - FT.com
September 4, 2013 2:00 pm
Wharton start-up CommonBond extends loans to 20 US MBA courses

By Adam Palin
crowdsourcing  crowdfunding  Wharton  start_ups  MBAs  business_schools 
september 2013 by jerryking
Sustainable enterprises give students food for thought - FT.com
February 3, 2013 7:56 pm
Sustainable enterprises give students food for thought

By Alina Dizik
MBAs  business_schools  food  agriculture  agribusiness 
february 2013 by jerryking
90 seconds to MBA acceptance - The Globe and Mail
JENNIFER LEWINGTON

Special to The Globe and Mail

Published Friday, Oct. 19 2012
Rotman  Ivey  alumni  admissions  business_schools  MBAs 
october 2012 by jerryking
Business Schools Short on Diversity - WSJ.com
July 4, 2012 | WSJ | By MELISSA KORN.
Business Schools Short on Diversity
Asian-Americans, Statistically Overrepresented, Can Mask the Levels of Underrepresented Minorities
Asian-Americans  business_schools  diversity  ethnic_communities  MBAs  overrepresentation  under-representation 
july 2012 by jerryking
Blacks at the Nation's Top-Ranked Business Schools: Enrollments Are Down But Graduation Rates Are Almost Perfect
Winter 2005/2005


Blacks at the Nation's Top-Ranked Business Schools: Enrollments Are Down But Graduation Rates Are Almost Perfect
enrollment  African-Americans  business_schools  MBAs  Ivy_League  elitism 
june 2012 by jerryking
The Management Myth
June 2006 | ATLANTIC MAGAZINE |By Matthew Stewart

Most of management theory is inane, writes our correspondent, the founder of a consulting firm. If you want to succeed in business, don’t get an M.B.A. Study philosophy instead
skepticism  management  curriculum  business_schools  MBAs  philosophy  philosophers  myths 
june 2012 by jerryking
Was my MBA worth it? - The Globe and Mail
adam janikowski
Globe and Mail Update
Published Tuesday, Jan. 10, 2012
MBAs  business_schools 
january 2012 by jerryking
How Harvard Shaped Mitt Romney - NYTimes.com
By JODI KANTOR
Published: December 24, 2011

“You have the same question as General Electric,” said Mr. Romney, then a young father and a management consultant. “Your resources are your time and talent. How are you going to deploy them?”

He drew a chart called a growth-share matrix with little circles to represent various pursuits: work, family, church. Investing time in work delivered tangible returns like raises and profits.

“Your children don’t pay any evidence of achievement for 20 years,” Mr. Romney said. But if students failed to invest sufficient time and energy in their spouses and children, their families could become “dogs” — consultant-speak for drags on the rest of the company — sucking energy, time and happiness out of the students....early four decades ago at Harvard, Mr. Romney embraced an analytical, nonideological way of thinking, say former classmates and professors, one that both matched his own instincts and helped him succeed....Every day for an hour, the all-male group — there were relatively few women in the program back then — sat at a semicircular table outside the classroom and briefed one another on the reading material....The case study method “doesn’t start with the theory or even principles,” said Kim B. Clark, a friend of Mr. Romney’s who later became dean of the school. “It starts with ‘All right, what is going on? What does the data tell us?’ ”

The cases did not even lay out questions. Students had to analyze the material, sometimes just a paragraph long, figure out the company’s problems and pose solutions. “The case study method is like trying to train doctors by just showing them [sick] patients, rather than by showing them textbooks to depict what a healthy patient should look like,” said Mr. Brownstein, the former classmate.
business_schools  case_studies  finite_resources  Harvard  HBS  J.D.-M.B.A.  marriage  MBAs  Mitt_Romney  parenting  problem_framing  quantified_self  questions  resource_allocation  work_life_balance 
december 2011 by jerryking
Lord of the Loaves | Steve Gibson, Fred's Bread, Toronto Bakery | By Susan Pedwell | University of Toronto Magazine
Summer 2011
Lord of the Loaves

Steve Gibson’s final MBA project has left him rolling in dough
By Susan Pedwell
baked_goods  MBAs  Rotman  alumni  uToronto  bread 
november 2011 by jerryking
Where Are the Black and Latino M.B.A.s?
Gardner, SandraView Profile. The Hispanic Outlook in Higher Education18. 7 (Jan 7, 2008): 22-25.
MBAs  business_schools  enrollment  ProQuest  African-Americans  Hispanic_Americans 
october 2011 by jerryking
MBA students get a lesson they won’t forget - The Globe and Mail
rita trichur
From Thursday's Globe and Mail
Published Wednesday, Oct. 19, 2011
ethics  Ivey  MBAs  business_schools  lessons_learned 
october 2011 by jerryking
Harvard M.B.A. Students Stroll the Catwalk for Charity - NYTimes.com
April 4, 2011, 12:33 pm Investment Banking
Harvard M.B.A. Students Stroll the Catwalk for Charity
By KEVIN ROOSE
HBS  fashion  MBAs  business_schools  charities 
april 2011 by jerryking
Why Can't M.B.A. Students Write? - WSJ.com
MARCH 3, 2011 By DIANA MIDDLETON. Students Struggle for Words
Business Schools Put More Emphasis on Writing Amid Employer Complaints
One of the shortest writing assignments at Northeastern is one of the
most frequently bungled. For the Marketing and Customer Value class
students must write, in fewer than 150 words, a compelling email
convincing executives to implement a marketing and pricing strategy.

Students rarely get to the point, says Bruce Clark, writing coordinator
for the M.B.A. program. "The first sentence should begin with, 'The
single most important issue here is.' You'd be amazed how few students
do that," he says.
brevity  business_schools  Communicating_&_Connecting  concision  curriculum  incisiveness  linchpins  MBAs  writing  the_single_most_important 
march 2011 by jerryking
Harvard's Curriculum Overhaul Part of a Push to Reform Elite B-School Culture - WSJ.com
FEBRUARY 3, 2011 | WSJ | By DIANA MIDDLETON And JOE LIGHT

Harvard Changes Course
School's Curriculum Overhaul Part of a Push to Alter Elite B-School Culture
HBS  curriculum  business_schools  MBAs  elitism 
february 2011 by jerryking
"The Best Advice I Ever Got" - March 21, 2005
March 21, 2005 | Fortune Magazine | By INTERVIEWERS Julia Boorstin.

Brian Grazer
"My whole career has been built on one piece of advice that came from two people: [MCA founder] Jules Stein and [former MCA chairman] Lew Wasserman. In 1975 I was a law clerk at Warner Bros. I'd spent about a year trying to get a meeting with these two men. Finally they let me in to see them. They both said, separately, 'In order for you to be in the entertainment business, you have to have leverage. Since you have none--no money, no pedigree, no valuable relationships--you must have creative leverage. That exists only in your mind. So you need to write--put what's in your mind on paper. Then you'll own a piece of paper. That's leverage.'

"With that advice, I wrote the story that became Splash, which was a fantasy that I had about meeting a mermaid. For years, I sent registered letters to myself--movie concepts and other ideas--so that I had my ideas officially on paper. I have about 1,000 letters in a vault. To this day, I feel that my real power is only that--ideas and the confidence to write them down."
advice  career  inspiration  entrepreneur  Managing_Your_Career  Clayton_Christensen  humility  MBAs  Siemens  Salesforce  Mickey_Drexler  JetBlue  Peter_Drucker  Jim_Collins  Rick_Warren  leverage  Xerox  Andy_Grove  conventional_wisdom  Richard_Parsons  negotiations  Jack_Welch  Vivek_Paul  thinking  Starbucks  Warren_Bennis  Richard_Branson  Warren_Buffett  Brian_Grazer  creating_valuable_content  Lew_Wasserman 
december 2010 by jerryking
For B-Schools, Opportunities Rise in Africa -
September 23, 2010 | BusinessWeek | By Alison Damast. Once
content with distant partnerships in Africa, business schools in Europe,
Asia, and the U.S. are now establishing more direct programs on the
continent. An example of relevant content and it begs the question
whether our proposed website be of assistance to the three schools in
this regard.
Ivey  UFSC  business_schools  MBAs  Africa 
september 2010 by jerryking
Ex-BizWeek, Fast Company Editor Byrne Launches Site for MBAs - mediabistro.com: WebNewser
By E.B. Boyd on Aug 13, 2010

The next site C-Change plans to launch: "Slingshots for David," which
C-Change says will "provide the tools, advice and inspiration to help
entrepreneurs develop disruptive business models to slay the Goliaths in
business." Release date TBA.
ufsc  MBAs  business_schools  entrepreneur  entrepreneurship  websites  disruption  tools 
august 2010 by jerryking
Website Offers New Ranking, Insights to Prospective M.B.A.s - WSJ.com
AUGUST 13, 2010 | Wall Street Journal | By DIANA MIDDLETON.
Former BusinessWeek Editor Launches Website for M.B.A.s.....The next
site in the line-up, slated for a fall launch, will be called Slingshots
for David, which will focus on entrepreneurship. Each site will have
its own editor-in-chief, he says.
ufsc  best_of  websites  business_schools  MBAs  entrepreneurship  entrepreneur 
august 2010 by jerryking
What Leads to Minority Enrollment into B-School?
September 12, 2005 | GMAC. In response to Googling "how to encourage minority attendance in business school"
ufsc  business_schools  MBAs  enrollment  visible_minorities  decision_making  filetype:pdf  media:document 
august 2010 by jerryking
At MBA Schools, Indians Go to the Top
July 29, 2010 | Wall Street Journal | By Tripti Lahiri. It’s
not surprising to see Indian-origin candidates take the top position at
business schools. For decades Indian students have made up a large
proportion of the student bodies at many international business
schools—it was viewed as a more interesting option to studying
engineering or medicine, Mr. Nohria said in Mumbai on Thursday on his
first visit to India since his appointment.

And many of them have gone on to climb the ranks at B-schools, holding
top faculty positions. In fact, there might have been three Indians
heading top 10 B-schools in the U.S., but Sally Blount replaced Dipak
Jain as the head of the Kellogg Graduate School of Management in
September.

Although a few are starting to question the importance Indians place on
the degree, B-school remains a popular next step for Indians with
bachelor’s degrees. And vice-versa, Indians remain an important source
of talent (and fees) for the schools.
deanships  business_schools  MBAs  Colleges_&_Universities  Nitin_Nohria 
july 2010 by jerryking
Educating Professionals
Jan-Feb 2009| Harvard Magazine | focus on training leaders:
through their development of judgment in establishing priorities; their
entrepreneurial vision in finding opportunities to solve problems; their
skill in communicating; their values and integrity; and their
commitment to action. .... Leaders are accountable for more than
themselves; they must be both willing and able to accept that
responsibility.”

In the end, Faust said, education throughout the University must be
informed by the recognition that “[L]eadership is a means; it is not an
end in itself.…Leaders exist to serve followers, and leaders’ successes
must be measured not simply by their power to move others, but by the
directions in which they take those who follow them.”
education  MBAs  HBS  Drew_Gilpin_Faust  leaders  leadership  leadership_development  Peter_Drucker  professional_education  deanships  serving_others 
july 2010 by jerryking
Building a Fire Under the Melting Pot
MARCH 16, 2005 | Business Week | By Francesca Di Meglio. Send to marlon, del and neil.
diversity  enrollment  business_schools  MBAs  ufsc  melting_pot 
june 2010 by jerryking
Turnaround Specialist Sets Eyes on Yale - WSJ.com
JUNE 3, 2010 | WSJ | By DIANA MIDDLETON. Turnaround Specialist to Take On Yale.
Yale  business_schools  MBAs 
june 2010 by jerryking
Upper Mismanagement
December 18, 2009| The New Republic | Noam Scheiber. Why can't Americans make things? Two words: business school.
manufacturers  business_schools  MBAs 
may 2010 by jerryking
Creating a Shorter Path to a J.D./M.B.A. - WSJ.com
MAY 20, 2009 | Wall Street Journal by DIANA MIDDLETON. For julius.
law_schools  ufsc  MBAs  J.D.-M.B.A. 
march 2010 by jerryking
Current Trends in MBA Admissions - Interview with Knewton CEO Jose Ferreira
Current Trends in MBA Admissions
Interview with Knewton CEO Jose Ferreira

By Karen Schweitzer, About.com Guide
admissions  trends  business_schools  ufsc  MBAs 
march 2010 by jerryking
Riding the College-to-Business School Express | The Harvard Crimson
By Prateek Kumar, CRIMSON STAFF WRITER
Published: Monday, April 21, 2008
harvard  MBAs 
march 2010 by jerryking
Beyond Mintzberg
March 2, 2010 | Financial Post Magazine | by Mark Anderson.
Managers Are Made, Not Born. But Can An MBA Program Teach A Person To
Be A Good One? That Debate Will Probably Never Be Resolved. But It
Drives The Evolution Of Management Education
business_schools  criticism  MBAs  constructive_criticism 
march 2010 by jerryking
Must I Bank? - WSJ.com
APRIL 23, 2008 | Wall Street Journal | By JONATHAN A. KNEE.
counselling introspection on the part of business school students considering finance careers...."Most jobs fall into one of these three categories: sales, analytical or
operational. The odds that the same person would prosper equally in
more than one of these environments are low. The personal qualities that
each position draws upon are simply too different. Some Rilkesque
introspection in order to identify which category would likely yield the
greatest personal satisfaction is an excellent investment."
investment_banking  introspection  private_equity  finance  MBAs  career  career_paths  Jonathan_Knee 
february 2010 by jerryking
Playing field uneven for female MBA grads - The Globe and Mail
Elizabeth Church Education Reporter

From Thursday's Globe and Mail Published on Thursday, Feb. 18, 2010
Elizabeth_Church  business_schools  women  gender_gap  MBAs 
february 2010 by jerryking
Schools Prepare for Next Downturn - WSJ.com
AUGUST 20, 2009 | Wall Street Journal | by DIANA MIDDLETON and
JANE PORTER. Key lessons throughout: how to make smart decisions with
limited information/uncertainty, examine problems from more than one
angle and anticipate what might happen in the next economic blowup.
curriculum  economic_downturn  MBAs  business_schools  uncertainty  anticipating 
august 2009 by jerryking
Custom-made for e-tail success; Joseph Skerritt's dress shirt start-up is among a growing number of companies using social media as a cheap and effective marketing tool,
Mar 18, 2009 | Financial Times. London (UK): pg. 10 | by
Rebecca Knight. Profiles Joseph Skerritt, founder of Proper Cloth, a New
York-based e-commerce dress shirt company that allows shoppers to mix
and match fabrics, using computer-generated tailoring for the right fit.
retailers  bespoke  mens'_clothing  entrepreneur  social_networking  twitter  online_marketing  social_media  MBAs 
march 2009 by jerryking
Grade Conflation - WSJ.com
DECEMBER 21, 2005 WSJ article by PHILIP DELVES BROUGHTON on grade inflation at HBS
decision_making  organizational  HBS  Philip_Delves_Broughton  MBAs  grade_inflation 
february 2009 by jerryking
reportonbusiness.com: Changing Gears
April 25, 2008 | Globe & Mail | by JOSHUA KNELMAN. Their
goal: Improve the experience of cancer patients at Toronto's Princess
Margaret Hospital. GEAR 1 DEEP USER UNDERSTANDING - Grichko and Leung
spent weeks hanging around PMH. GEAR 2 IDEATION AND PROTOTYPING The team
sat down with 20 PMH staffers—managers, surgeons, nurses and support
workers. "The idea of brainstorming is to have no limits—think big,"
says Leung. GEAR 3 STRATEGIC BUSINESS DESIGN Grichko and Leung asked
two key questions: "What do we need, and what's possible?" The answer
was simple: to create a better waiting-room chair
brainstorming  design  design_thinking  furniture  hospitals  idea_generation  ideation  innovation  MBAs  observations  OCAD  product_design  prototyping  Rotman  strategic_thinking  thinking_big 
february 2009 by jerryking
Recession 101: Courses for a Crisis - WSJ.com
FEBRUARY 18, 2009 WSJ article by ALINA DIZIK. Article focuses
on how business schools are dreaming up a series of new offerings. Some
schools are changing the focus of programs by combining classic business
topics with rapidly developing research about the downturn. To that
end, business schools are creating new exec-ed courses in the space of
weeks or months.
executive_management  executive_education  business_schools  Colleges_&_Universities  MBAs  economic_downturn  nimbleness  speed  agility  windows_of_opportunity  accelerated_lifecycles  operational_tempo  new_products  product_launches 
february 2009 by jerryking
Laid Off And Looking - WSJ.com : Looking Abroad for the Next Opportunity
February 6, 2009, WSJ article posted by Matthew Vuturo
discussing his effort to broaden his job search to international
opportunities. Readers have share their thoughts and experiences in the
comment section.
globalization  Managing_Your_Career  job_search  MBAs 
february 2009 by jerryking
Diversity organizations, services, strategies that create inclusive workplaces
Scott Stratten. Canadian HR Reporter. Toronto: Dec 16, 2002.
Vol. 15, Iss. 22; pg. 15, 1 pgs
Abstract (Summary)

One of Canada's greatest accomplishments is its celebration of
diversity. The mix of cultures, traditions and practices is second to
none. This being said, some workplaces still view things as "our way or
the highway" and do not create an environment that is conducive to
different views, ideas and beliefs. This is a surefire recipe for high
turnover. Canadian companies not only need to recognize
multiculturalism, but embrace it and ensure they are actively supporting
it. Helpful web sites are presented.
UFSC  diversity  MBAs 
january 2009 by jerryking
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