Harvard Business School Case Study: Gender Equity [HBS '13] had been unwitting guinea pigs in what would have once sounded like a far-fetched feminist fantasy: What if Harvard Business School gave itself a gender makeover, changing its curriculum, rules and social rituals to foster female success? The New York Times reports. [more inside]
Professor Deepak Malhotra offers 15 pieces of negotiation advice, followed by Q&A, in an informal session for students at the Harvard Business School. (1 hr 5 min video).
Stephen Covey, author of The Seven Habits of Highly Successful People, died today at age 79. According to Covey's family, the death was due to "the residual effects of a bike accident he suffered this past April." The 7 Habits of Highly Successful People has sold more than 20 million copies since its initial publication in 1989, and is one of Time Magazine's "25 Most Influential Business Management Books." 7 Habits popularized the concepts of "win/win," "interdependence," and "paradigm shift" in self-help and managerial vocabularies.
"A Harvard MBA Pays Down $101K Of Debt." Two years after he graduated from Harvard with an MBA, Joe Mihalic, now manager of strategic alliances and business development at Dell, vowed to do “everything in my power–short of lying, cheating, and stealing–to pay down" his student loan debt, (then totaling 90K,) "in the next ten months.” After applying for a weekend delivery job, he also decided to chronicle the steps he was taking on a blog: "No More Harvard Debt." First page of posts is here. Penultimate post explains his process: "Mission Accomplished." [more inside]
Why I Am Leaving Goldman Sachs. New York Time Op-Ed. March 14th 2012:
TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.[more inside]
"Management theory came to life in 1899 with a simple question: “How many tons of pig iron bars can a worker load onto a rail car in the course of a working day?”... At the end of the day his “method” amounted to a set of exhortations: Think harder! Work smarter! Buy a stopwatch!" Matthew Stewart on the fruitlessness of management science. "According to my scientific sampling, you can save yourself from reading about 99 percent of all the management literature once you master this dialectic between rationalists and humanists. The Taylorite rationalist says: Be efficient! The Mayo-ist humanist replies: Hey, these are people we’re talking about! And the debate goes on. Ultimately, it’s just another installment in the ongoing saga of reason and passion, of the individual and the group."
What distinguishes great entrepreneurs? "Discussions of entrepreneurial psychology typically focus on creativity, tolerance for risk, and the desire for achievement—enviable traits that, unfortunately, are not very teachable." So Professor Saras D. Sarasvathy (Caution, autoplaying video) of the University of Virginia’s Darden School of Business created a case study to try to determine how they think, "with the goal of transferring that knowledge to aspiring founders." [more inside]
Is a Woman's MBA Worth Less? $4,600. That's how much less women made than men in their first post-MBA jobs, according to research by Nancy Carter and Christine Silva of Catalyst. And it's not because women tend to start at lower positions than men — though they do start at lower positions than men, on average, that's a separate problem. The research controls for job level and industry. What's more, the salary lines aren't parallel; men's salaries start higher, then rise faster. The gap widens over time, even after controlling for factors like having children or differing aspiration levels. The pay just isn't equal.
"Although the word “entitlement” fits, it’s been used so frequently as to have become inadequate to capture the preening self-regard, the obliviousness to the damage that high-flying finance has inflicted on the real economy, the learned blindness to vital considerations in the pay equation. Getting an education, or even hard work, does not guarantee outcomes. One of the basic precepts of finance is that of a risk-return tradeoff: high potential payoff investments come with greater downside. But how did that evolve into the current belief system among the incumbents, that Wall Street was a sure ride, a guaranteed “heads I win, tails you lose” bet?"Yves Smith writes an essay on 'indefensible men.'
In 2010, Obama will have a miserable year, NATO may lose in Afghanistan, the UK gets a regime change, China needs to chill, India's factories will overtake its farms, Europe risks becoming an irrelevant museum, the stimulus will need an exit strategy, the G20 will see a challenge from the "G2", African football will unite Korea, conflict over natural resources will grow, Sarkozy will be unloved and unrivalled, the kids will come together to solve the world's problems (because their elders are unable), technology will grow ever more ubiquitous, we'll all charge our phones via USB, MBAs will be uncool, the Space Shuttle will be put to rest, and Somalia will be the worst country in the world. And so the Tens begin.
The Economist: The World in 2010. [more inside]
The Economist: The World in 2010. [more inside]
On the role of MBA-based management culture in the current credit-crisis. Downloadable audio and transcript of a radio show that presents some strong opinions on MBA oriented management culture. [more inside]
Business writer Seth Godin tell readers to forgo the MBA and spend six months in his company. While potential applicants have made use of social networking to show their enthusiasm, others think it's a bad idea. Great opportunity or massive scam?
MBAs Without Borders - the Médecins Sans Frontières of the business world. [via the slightly alarming Springwise]
Want an MBA - without spending half your life doing it? It seems as if Rutgers, the state university of New Jersey has put together a 12 week "no frills" program with "just the essentials" to get what they term a "mini MBA". Now I'm not sure what this "mini" certificate will mean when you go to apply for a job and show it to your prospective employer, but apparently some folks are filling out the classes for $2495 each term. You can read more about it in this pdf, check out page 3.
MBA students at Vanderbilt University examine Google's business strategy. Presented in Powerpoint: Google.com, Google: E-Strategy Analysis, A Brief Look at Google and Google: A Strategy Study