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FROM LBS Admissions Blog: February is Double Global week! |
EMBA-Global in London in February – it’s the most exciting week of the calendar for us at LBS. Not only do our two classes (Asia and Americas and Europe) come together for a joint learning week, but the social side really takes off. Classes included Strategic Management, Global Economics, Capital Markets and Managerial Negotiations. There […] Read the rest of this entry... |
FROM LBS Current Students Blog: Belgium Trek (and diversity) |
Diversity, it plays a big role in the MBA. It is a powerful word that lots of companies play with these days, and they have a damn good reason for it. It has been proven – I would like to cite you the official source in the Harvard Referencing System, but I have no clue who actually did the study – that diverse heterogeneous teams achieve better results than homogeneous teams. You’ve probably all experienced it before. Talk to diverse people about problems you are facing at work and it’s sure you will get a lot of different solutions you could try out. If you are able to get these diverse people around one table, building towards a common goal, you have increased the likelihood of success and finding innovative solutions. On a short side-note, you could even draw the analogue further. We had to read a book for Operations Management, ‘The Goal’, and this was also a key theme in there. Pulling you out of your traditional environment and taking a walk in your spare time, gives fresh ideas. You hear it so often that ‘while running I get the best ideas’. Bringing in different perspectives, challenging traditional viewpoints and avoiding common biases, diversity does add a lot of value. Companies reach better results and therefore better performance, so business schools must then benefit from it as well. But how do they benefit? On many fronts the diversity adds value to the program. In class, you get to learn from people that see business problems in a very different way. The diverse experiences people have, guarantees relevant examples when discussing a theoretical business concept. Also you see how people cooperate in teams and behave in group. Next to diversity in professional background, interests and targets, there is a high level of diversity in nationalities. Praising LBS for its international student body (65 nationalities in the MBA this year!), many people are getting important lessons in international and cultural awareness – so am I. Just as an easy example, I will never forget the first time I tried to kiss a Japanese or I was undergoing an intense hug from a Brazilian I barely knew. Those are only the basic aspects, so you can imagine what impact this diversity has on the experience of an MBA. If you have read the title, you probably think, when do we start talking about Belgium? Well in business schools, diversity means lots of fun as well! People are proud about their background and kindly share their culture. Everyone joins regional clubs, organizing activities like the Chinese New Year’s dinner party that is coming up next week. You get a privileged insight in how people celebrate and experience this. End of February there is a multicultural event ‘Tattoo’ across all programs and staff of LBS. People represent their country with a food stand and a dance performance. I really look forward to representing Belgium soon, although we still need a lot of practice on the dancing part. Another part is the diverse international treks people organize. I’m visiting Japan in the spring break, and multiple other treks are organized: South-East Asia, Brazil, Spain, Portugal, Italy, Germany, Greece, Israel, etc. Be it professional or fun treks, they are all organized by locals, passionate about their country and eager to share it with their peers. Coming closer and closer to the topic now J. We have 7 Belgians on the MBA program graduating in 2016, I think 5 on the MBA2015 if you count people with multiple nationalities. Combined with the MiM, MiF and EMBA program, there are about 20 Belgians at LBS. We organized a Belgium trek, performing on ‘Tattoo’ and are looking forward to organize beer tastings and also probably a “cantus”, for those who know, a great piece of our student culture! The Belgium trek in short: 25 students, 9 nationalities, 4 cities, 3 mini-vans, 2 company visits and lots of beers and fun! We started our visit in Leuven with a walk past the Old market and the famous city council building. Beer being an important part of Belgian culture and AB Inbev a major recruiter of MBA students, we visited their headquarters in Leuven. After an informal presentation and touch point with senior management, we were taken on a guided tour around the factory. Ending the tour with a draughting course, everyone learned how beer actually should be draughted. Afterwards going to a bar serving more than 1000 different beers, you can imagine we had a great night. The walking tour or cycling tour discovering the great city of Brussels was followed up by chocolate workshop. It was a busy day as we went to Ghent in the early evening to visit a start-up. StoryMe is a young dynamic small company executing powerful promotion videos. They start from the principle that all complexity should be easy to explain. Afterwards, we enjoyed an amazing night walk through Ghent, which I would recommend to all of you if ever visiting Belgium. Our last day, op of the bill, we visited Bruges. Everybody was tired but still enjoyed the medieval breath of the city. We got a lot of positive feedback from satisfied travellers, saying it was a unique trek and view into Belgium and its culture. Mission completed! After having organized this trek early November, I understood the importance to visit a country alongside locals. You can bring an exclusive viewpoint and experience to your peers. There again, it is proven that diversity enables a superior experience at business school. I’ll have to think about my next subject, but it might be about recruiting for an internship, as this is what everybody is currently concerned with. See you soon! |
FROM LBS Current Students Blog: #LifeAtBusinessSchool: How to Start a Successful Business |
We all want our business HQ’s based in Silicon Valley or Wall Street, so I think it’s about time I talk about how one goes about starting from an idea and transforming that idea into a multi-million dollar business. As you can imagine, starting a multi-million dollar business is not easy, so I have divided this post into 4 parts: 1) How to start a successful business 2) How to come up with a multi-million dollar idea 3) How to convert my ideas into serious money 4) Going from £millions to £billions To answer the question “How do I start a successful business”, I will tell you how to start an unsuccessful business. Starting a successful business is simple- do the opposite. Next I will briefly talk about the best way to generate great ideas. This is where most people do well enough by themselves. We all come up with great ideas, but can we convert these into serious bucks? The most emphasised concept I have learned at business school is that a great idea doesn’t really mean anything. Great ideas have no basis unless you can capitalise on them and transform them into viable businesses. We address this in part 3. Finally once we have spoken about how to generate your initial £1m, the game begins. This is where people will see you making money and try to take your customers. In part 4, Going from $millions to $billions, we will talk about strategies adopted by players such as Apple and Google, that enable your company to remain competitive and invest in projects that will keep you ahead of the game, increase your market share, and grow your business. Part 1 will be out soon- follow me on social media and make sure you don’t miss it! Twitter: @umarahmed12 Instagram: @umarahmed122 YouTube: Coming Soon Official Website: www.umarahmed.com |
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