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IMD MBA Admissions and Related Blogs!

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Real Impact. Real Learning  [#permalink]

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New post 10 Jul 2019, 01:00
FROM IMD Admissions Blog: Real Impact. Real Learning
I have been asked many times, “What does ‘Real Impact. Real Learning’ mean?” during calls with prospective MBA applicants. Although I have multiple examples to share, I would like to share my experience during our Business and Society course.

We as a group (self-named Developing Developers) were scheduled to present a TED style talk on UN’s SDG#1: No Poverty. It was a marvellous day organized by our Professor Knut Haanaes where we went to United Nations, World Economic Forum and the Innovation center in Geneva.

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Developing Developers at the World Economic Forum

Priscila and I presented our group’s work to the world. It was followed by a group hug by the “Developing developers” to celebrate our hard work in jotting down our experiences and solutions for tackling the problem of poverty.

So where is the “Real” learning here?

The day before the presentation: I was doing mock presentations in front of my group for feedback in our renowned ‘dungeons’ (study rooms!). The first mock was horrible, the second a little less horrible, you get the idea.

Although I have done numerous presentations, the thought of presenting in public still gets my palms sweaty. In comes my classmate, Joseph, the master of public speaking with his ever helping attitude.

We practiced in our auditorium with Jo providing valuable feedback and support. Understanding our public speaking misery, he uttered his three golden rules for public speaking:

  • Speaking with a crutch: This phase is speaking while having the paper (the crutch) in front of you to have something to hold on to while getting familiar with the material.
  • Speaking without the crutch: Just like learning to walk, you leave the paper behind and speak without it. It’s difficult, you feel the anxiety, but it gives you the much needed confidence. Jo also mentioned the importance of using simple words, easy to remember and easy for the audience.
  • Connecting with the audience: After learning to walk without the crutch, you can now connect with the audience, look at them, feel their reactions.

I am really thankful to Joseph who was in
the auditorium with me and Priscila until midnight! Helping us, perfecting us,
supporting us!

This was not a learning I would ever find in a book or in a classroom, but only with the special bond we share at IMD!

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Developing Developers with Georgii

Purnendu
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Summer Innovation at Nestlé  [#permalink]

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New post 15 Jul 2019, 01:00
FROM IMD Admissions Blog: Summer Innovation at Nestlé
Our series of summer postcards continues!

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Anita, Ashley, Gavin, Matteo and I (Joseph) undertaking our internship with Nestle.
Enjoying the summer break while working on innovation!

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Joseph
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Summer in Brittany  [#permalink]

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New post 29 Jul 2019, 03:00
FROM IMD Admissions Blog: Summer in Brittany
Discovering the wild coasts of Belle-Île-en-Mer and catching up on family time with my son and wife!

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Daniel Leutenegger
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Exploring the scenic wonders of Switzerland  [#permalink]

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New post 30 Jul 2019, 01:00
FROM IMD Admissions Blog: Exploring the scenic wonders of Switzerland
Taking the trail Lauterbrunnen – Stechelberg – Gimmelwald – Mürren – Grütschalp and getting close to the valley’s beauty

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… and catching up with classmates

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Tamil & Ezekiel reminiscing the Villars trip at the magnificent Glacier 3000!

Tamil Vardani
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Impressions from Egypt  [#permalink]

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New post 31 Jul 2019, 05:00
FROM IMD Admissions Blog: Impressions from Egypt
“After discovering the future of the world in Silicon Valley, Shenzhen and Dublin, traveling back in time and exploring the origins of modern civilization.”

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Kamal Aissa
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One Year at IMD: it’s all about us and about all of us  [#permalink]

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New post 31 Jul 2019, 08:00
FROM IMD Admissions Blog: One Year at IMD: it’s all about us and about all of us
Admission
to IMD was an unexpected ticket for our family. We used the last deadline to submit our
application last
year, so had
no time for fears.

We married in February 2015, our son Anton was born in January 2018, and my husband, Alexander, moved to Lausanne for his MBA in January 2019, just before Anton’s first birthday party.

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Us in Moscow, last year

I was on the way to visit my parents near Moscow. I still needed more time to think and realize what had happened to us. I was sure Alex had got a lucky ticket for his career, but had no idea what was in that year for me.

I am a careerist and a successful journalist in Moscow, Russia. We had been enjoying a very smart life here, but now my comfortable and predictable life was under threat.

I am not a woman who follows, but it was impossible to work full time in Moscow with a baby. Finally, I decided to live in both countries – that was my safe step. And I came to Lausanne in February.

Here are some conclusions from my experience

  • IMD year is a great challenge for relationships. If you manage you become stronger. The main thing for me was to get freedom to stay in Moscow, the main thing for Alex – freedom to go to Lausanne. This trust to be free has made us closer.
  • This has been a good opportunity to reconsider our values. The price of the year is comparable with the price for a nice apartment in Moscow – considered the biggest asset in life by most people in Russia.
  • Now I value my husband and all our relatives much more. We used to live rather independently. This year I’m getting a lot of help from our relatives and have realised how great it is to have support.
  • I am learning a lot about my personality. I have gone a great way from unconscious fear to self confidence and inner freedom. I have become stronger and wiser. I am coping and learning to be open-minded like the MBA-participants.
  • This summer I have started new projects for which I did not have enough energy before, and am returning to Moscow motivated for new experiences.
  • I am still not a woman who follows, but I am really proud of Alex and of being his partner and am sure that we can both develop ourselves.

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[*]Image
[/list]

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Anton and I at one of the IMD MBA Partner lunches

So if your partner enters IMD, it’s not only their MBA. It’s an MBA year for all of you – partners and relatives. IMD is all about us as it changes and motivates all of us.

Anna Chukseeva
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Keep Calm, and Embrace the Chaos  [#permalink]

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New post 11 Aug 2019, 06:00
FROM IMD Admissions Blog: Keep Calm, and Embrace the Chaos
What happens when you hurtle ahead from January through June at breakneck speed, and then suddenly pull those screeching brakes?

You catch up on your “do-absolutely-nothing” debt.

During glorious July, the much-needed month off in the IMD MBA program, I, and most of the class, purposefully did nothing of obvious value, unless you consider puttering around the house and meandering through glistening malls, frigid with air conditioning, in the middle of a desert nation, productive. I do. My best ideas arise in sloth.

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Sea view from the Arabian Gulf on a hot, lazy day in Dubai

And now we are back in lovely, sunkissed Lausanne. Whizzing through Finance, Negotiations, Structured Thinking, and most recently, Leadership sessions on distinguishing between truth and lies. With my peers, Takashi and Jia, I’ll be doing project work with IMD alumni looking to bring precision agriculture to East Africa. Plus, International Consulting Project (ICP) prep is underway. Also, recruiting is officially ramping up! In just two weeks!

I blocked this weekend for quiet time, hoping that if nothing else, I can assimilate in my mind the learnings of early August. And yes, we learned loads about valuation from Professor Arturo Bris, honed our negotiation skills with Professor Sam Abadir, pushed our logic and structuring capabilities with Professor Arnaud Chevallier, discussed culture and strategy with Professor Ina Toegel, and took on the beast that is “difficult conversations” with Professor Jennifer Jordan.

This immense trove of knowledge is valuable when we are in the right state to use it. An overarching lesson is the acceptance of uncontrollable factors. You can read and test as many frameworks as you like, test a million scenarios and have all manner of analytics and research at your disposal. The outcome of it all, our efforts, the risks we take, remains unknown. And maybe being at peace with darkness is an answer. Maybe as we cross the chasm, from being frantic about output versus serene and focused on the process, we evolve from our former selves to impactful leaders. So, there is power in just this, being okay with the unknown.

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Lac Léman tranquility

Whether we look at the time value of money, understanding our position versus who we are negotiating with, grasping the emotions behind the misgivings of a disgruntled colleague, or structuring options to approach an abstract problem, the present moment is all that matters. The past can cloud judgment, in finance and feelings, and the future sits on so many variables beyond our influence. Suddenly the concept of mindfulness doesn’t seem as restricted to yoga-studio, crunchy granola stereotypes as it previously did. It applies to our everyday dealings, especially in business.

I am grateful to our wonderful Sports Committee for organizing yoga classes. Simple things like deep breathing and self-awareness are gold when navigating the rest of this program, which has made a marked shift from the first academically focused half, to now, when we’re practicing cases and feverishly writing cover letters.

One thing is for sure, I will schedule “aimless time” on a weekly basis, even if for a few minutes. Because when the world is still and your calendar isn’t pinging in nagging anticipation for your next commitment, you can reconnect with the person who brought you here in the first place, “pre-IMD you”. You can remember her dreams, recharge, and redirect your efforts, so that, in spite of the unpredictable nature of all things external, you can be sure of one thing, your sense of self.

Signing off with this tribute to Toni Morrison, the first African-American writer to win the Nobel Prize in Literature, who passed on last week.

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Surbhi
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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So why IMD?  [#permalink]

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New post 21 Aug 2019, 12:00
FROM IMD Admissions Blog: So why IMD?
You might think that I should have asked myself this question long before I signed the papers. And you are right! That’s what I did, but reading about the journey and jumping on the plane are two different things.

With over 6 years of management consulting experience in my backpack, it was time to rethink: who I was as a professional; what led me to where I was (scary thought); and what I needed to rethink to move forward (even scarier). IMD’s focus on leadership and the mysterious PDE (Personal Development Elective – 20 individual sessions with a pyschoanalyst) were at the core of what brought me here.

Now, several months into the program, with countless classes, multiple PDE hours, extensive coaching sessions, challenging leadership experientials and a file of reflection papers, comes the moment to reflect … was it worth it? Oh yes, it was.

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Firstly, I tend to call the stream ‘the total leadership stream’. I say it as it covers a very broad spectrum of what leadership is in today’s complex environment – starting from typical suspects such as self-discovery (e.g. through psychological tests), team dynamics and building and managing high performance teams through less obvious topics of ethics, culture, lie detection and trust building to unique 1-2-1 psychoanalysis sessions.

Secondly, it is immersive. Quite often we discuss leadership as an abstract concept in a vacuum. It is easier to discuss it when you analyze a scientific paper or when you work on team dynamics in a laboratory-like exercise. And do not get me wrong – these are great experiences… to start with. At IMD the leadership stream goes further and is an integral part of the entire program. Innovation week? Sure, why not add coaches to the team to facilitate team dynamics learning on a real project. Start-up projects and ICPs (International Consulting Projects)? Why not include coaches again to teach us how to open ourselves up and build trust through team bonding exercises. These are practical tools we can bring to the professional life post-MBA.

Lastly, it goes
deep. Going through leadership experientials where we were put under pressure
as a team to observe and learn about the team dynamics or facing uncomfortable
questions during the coaching and PDE sessions were not easy. IMD created an
environment where we could put away our personas to work with the true “us”,
with all its beauty but also with all its imperfections. Hours of honest
conversations helped me to confront my demons and that was a very helpful
experience.

The Leadership stream is truly the foundation of IMD MBA program. It transforms you in so many ways, repairing some of the damage you carry and opening eyes to the areas you have never looked at. It’s a fascinating, yet oftentimes painful journey. As with everything in life, there is no free lunch. To get the most out of it, you need to open up, face the uncomfortable truths about yourself and help others through sometimes very tough conversations.

If you are looking to transform who you are, IMD MBA is the place for you. If not, then hmm … there are many other MBA programs that are perhaps a better fit Image

Thank you Jennifer Jordan, Ina Toegel, George Kohlrieser, Bettina Court and all other faculty, coaches and PDE analysts who are with us along this journey of the discovery of self and the world around us!

Lukasz
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Digital Analytics Lab Photo Overview  [#permalink]

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New post 05 Sep 2019, 09:00
FROM IMD Admissions Blog: Digital Analytics Lab Photo Overview
The focus of this week has been Digital Analytics, with the MBAs learning and applying various analytical and programming skills, including Python. Since Monday, each team has been competing to crack the different elements of a case, using and fine tuning their newly acquired coding skills. By Friday, they have to present their final findings. Which group will succeed first? Who will get the most accurate results? With final presentations due tomorrow morning, the atmosphere in the study rooms is very intense!

Image
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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IMD MBA Admissions and Related Blogs!  [#permalink]

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New post 05 Sep 2019, 09:22
hello,


I did an international masters (EU), non-MBA. Maybe my experience would help.

Do you have experience with the admissions process?

Admissions was similar to my US undergrad. They know what a GPA is. I had to find some old college professors to give me a recommendation. Getting the visa took some time and effort, however.

How was the job market like after graduation?

It was a tough job market in Europe at the time. Lots of unemployed new graduates willing to work hard for next to nothing.

(Also, say what you want about the Greeks, but I worked with a number of Greek expats and nobody wanted to hire them even though they absolutely worked their tits off.)

Were you able to secure a job in the EU/UK or did you have to come back to the US?

I did an internship and some work under the table abroad, but nothing serious. It was next to impossible to get a job there, since a company had to sponsor you to get the work permit. And nobody wanted to hire you if you didn't already have a work permit. Kind of a chicken/egg thing, although a few classmates found loopholes by shacking up with foreign chicks. So I came back to the US and eventually was forced to lower myself to consulting work.

regards
Senior Manager
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MBA Lorange Auditorium  [#permalink]

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New post 06 Sep 2019, 02:00
FROM IMD Admissions Blog: MBA Lorange Auditorium
I have always wanted to write a blog, but I haven’t so far. Stating petty reasons like, ‘I don’t have the time’ or ‘It’s not the right time for that thought’ or ‘I am not sure if I want my weird thoughts published’!

Today was different.

Like every other night, I was lying on my bed reminiscing about the interesting conversations I had and the interesting events that unfolded today. One train of thought led to another and I started wondering why every IMD alumni that I have spoken to has always exclaimed how life-changing their year at IMD has been and how much they treasure their IMD memories. What makes this experience so special? The place. The faculty. The sessions. The MBA program team. The food. The coffee.

Yes, all these factors and a special element that ties all these together – You – the people whom I share this year with. I am not exaggerating when I say that I am incredibly lucky to have had the pleasure of knowing you. And, it all started here in the Lorange auditorium!

As I mentioned earlier, today was different.

Today, I wanted to write my thoughts down because I simply couldn’t brush off the significance of this day. The last day we will be seated in the Lorange auditorium ‘together’ for a session. The place where we discovered each other, learnt from each other, critiqued each other and pushed each other to be better. A place where we shared tons of laughter, glances, pictures (of each other; often ending up as memes) and inside jokes!

A place we can proudly call ‘Our Safe Space’!

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Our first day in the MBA Lorange Auditorium

I started wondering how Lorange got its name. It is a pity that this thought crossed my mind only now because my curiosity led me to discover Mr. Peter Lorange, former President of IMD. As I browsed through his work and his articles, I came across this thought that could have potentially gone into the design of Lorange:

Typically, all classrooms and study rooms should have high ceilings, with windows to allow natural light in. Even though it has not been scientifically proven, it seems plausible that good learning is associated with high ceilings, i.e.  no heavy structure from above “hanging in one’s face,” potentially cluttering one’s mind. Daylight, as well, is probably associated with good learning – we feel that light stimulates a positive mindset and prevents feelings of sluggishness after a day in the classroom.

History is fascinating, isn’t it.

Well, it is 2:30 am now. Too many thoughts are running in the back of my mind – career plan, presentation for the digital lab and the fact that I might regret it if I don’t go to sleep soon!

What is front and center is the amount of time (3 months!) that is remaining between today and graduation.

I am going to make every single day count! And today, I choose to simply enjoy our last day ‘together’ at Lorange.

Tamil Vardani
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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The Many Faces of Digital Week!  [#permalink]

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New post 06 Sep 2019, 02:00
FROM IMD Admissions Blog: The Many Faces of Digital Week!
It’s our last week as a class, in class, working on the same projects. I’m not emotional, yet, mostly because of a ton of ICP and recruiting work that envelopes all of us. But Digital Week, led by Professor Amit Joshi, has promised us plenty of “Code-ak” moments that have kept us entertained and motivated as we delve into programming and data analyses. Enjoy!

Step 1 (Confidence, poise, smiles): We’re a team! We can do this. It’s just Python. And Anaconda. How tough can programming languages named after lethal serpents be? We are IMD MBA champions! Image

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Step 2 (Apprehensive yet confident): Okay, this is going to take some more effort than I realized. But still, I can figure it out. We’re going to be fine. We have coaches and we’ve done the Codeacademy course on Python. All good, I hope.

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Step 3 (The realization that there is much to learn sets in): Why is Python not listening to me?! We invented it to make life easier, no?

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Step 4 (Surrender to the inevitable): I’m going to go look for the coaches in the dungeons. And maybe grab a snack. And remember the calming tips my PDE gave me.

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Step 5 (Innovate, observe competitors, get back into the MBA “never-say-die” frame of mind): What are you guys doing? #sharedknowledge

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We are heading into the semi-finals in 15 minutes! Wish us luck Image

Yours in code,

Surbhi
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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International Consulting Projects: Bringing IMD MBA magic to the world  [#permalink]

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New post 29 Sep 2019, 13:00
FROM IMD Admissions Blog: International Consulting Projects: Bringing IMD MBA magic to the world
How is it the last weekend of September already? It feels like yesterday when we were navigating the snow drenched sidewalks of Villars, a memorable nine months ago!

And yet here we are, classes and startups and summer projects behind us, survivors of the intense and enriching Discovery Expedition. And, we made it through Digital Week!

When the International Consulting Projects (ICPs) were announced earlier this year, there was a lot going on with exams and travel, and we didn’t really grasp the impact that these projects could have on the host companies. I spent the last week with my team in the UK, where we began work on a digital marketing project for a large multinational. We realized very quickly that our work would not only be given high visibility, but it would also play an integral role in the company’s marketing strategy for key product portfolios. One beneficial aspect of the project is that it pulls us out of student mode and places us into work mode, except that now we have heightened awareness and business knowledge to make better decisions.

In essence, our class of 90 is divided into teams of five and staffed on real-world projects for the next seven weeks. The preparation for this has been year-round, with Professor James Henderson leading the charge. In the summer we submitted our project preferences and were soon informed of the team structures. No surprise, the companies hail from a wide range of industries, with ICPs that span the world. While my team doesn’t have extensive travel, our peers are happily trotting around the world, to Morocco, the United Arab Emirates, Bangladesh, the United States, and then some.

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Adventurers bound for Bangladesh
In this sense, the ICPs are vastly different from our start-up projects. They are also a change from our class schedule, all of us in Lorange every morning at 8AM, some sleepier than others, poring over finance exercises and marketing cases. But then again, it couldn’t have gone on forever, enjoying the safety of the classroom. It was inevitable that we would have to step out and showcase what we have learned. We are, however, still guided by our faculty directors, who ensure that we stay on track and are able to navigate challenges as they arise. So we’re flying the coop, but with supervision.

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ICP city explorations
Personally, my hopes for this project are that my team delivers valuable contributions to our client, that we learn new and critical skills and concepts, and that we use this opportunity to inform our perspectives on the continuous career and job discussions that are currently are the forefront of our minds.

Over the next two months, we will share our ICP stories, surprises, learnings, hurdles, and successes. And at the end, we will have our deliverables, of course, but also the satisfaction of overcoming our personal fears and biases, expanding our cultural and culinary palates, and applying lessons learned in the classroom to companies and their customers.

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Having some fun amid ICP seriousness Image

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All smiles in Morocco
Wishing all of us many spectacular ICP experiences, amazing (and safe) travels, and memories of a lifetime.

Surbhi
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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A “Swiss-made” Impact  [#permalink]

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New post 01 Oct 2019, 07:00
FROM IMD Admissions Blog: A “Swiss-made” Impact
Getting to know more about how Swiss companies operate their day to day business was one of my key criteria not only when choosing to join IMD but also when it came to my selection of the ICP (International Consulting Project). Our client is a classic example of a company rooted in Swiss culture but with an international footprint. Their products are sold across Europe, Asia, and the US. Their customers range from multinational corporations to SMEs. Working with such a client allows me to effectively practice what I have learned from IMD over the past 9 months on a worldwide stage.

Ever since our preparation stage in early May, my team and I have met our clients and visited their company and factory so that we can familiarize ourselves with their business and products. The visits have opened my eyes and taught me what “Swiss-made” really means. From design to manufacture, each product is perfectly made by Swiss manufacturers who represent reliability and resilience. I never appreciated how a spare part of machinery can be a piece of art.

Our client’s customers share a similar impression. For the first project week we travelled to Germany and China to interview a range of customers. Coming from a marketing background, I see this is a valuable experience to understand the reality of the local market and get closer to the end-users, which is imperative as a start to solve the problems of our client. I was also excited to learn a lot of manufacturing industry knowledge hands-on that was completely alien to me in the past. With our team effort as a whole, I am confident we can contribute to the growth of our client’s business.

Real learning, real impact.

Jillian Xu
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“Your ICP mission, should you choose to accept it…”  [#permalink]

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New post 09 Oct 2019, 05:00
FROM IMD Admissions Blog: “Your ICP mission, should you choose to accept it…”
What is the International Consulting Project? It is the business-school equivalent of the agoghé (ἀγωγή) for the ancient Spartans. Just as the young Spartans were tested to prove they were worth the title of warriors and citizens, the MBAs are challenged to demonstrate they deserve the IMD hallmark. Teams are formed by selecting five of the most complementary players in the class market, and supervised by more experienced Faculty “Generals”. With this line-up, for seven weeks they help the most innovative and brave clients face some of their hottest challenges. Seven weeks of passion, seven weeks of poetry, seven weeks of chemistry, blood, and magic.

Our first-string team is fielded with a clear attacking spirit: as goalkeeper, a Taiwanese illusionist, a little lady with a powerful gaze and words of wisdom. In front of the goal, an Italian defender, proud disciple of the “catenaccio” school of thought, and a Greek-Croatian hoplite, trained in the elitist schools in Libya, now in charge of the defensive phalanx. Midfielder, the Russian scientist creating the alchemy, a brain stolen from the Intelligentsia and two arms stolen from a bright future in the Ping-Pong School of Moscow. In the forward position, a Spanish striker with a humble appearance and a tiger heart, a unique specimen, as Catalan supporter of Real Madrid. As Coach, a man who fearlessly defies the laws of finance, prominent Director of the “Derivatives and Coffee Academy”.

Image
Javier Linares (Spanish), Damianos Kiramarios (Greek, Croatian), Luca Facchini (Italian), Kerry Hsiao (Taiwanese), and Alexander Burasov (Russian)

Our
ICP journey has the traits of a classical adventure story. You may wonder why (“why
map” attached).  The story takes
place in an unknown territory, an industry unfamiliar to the team, a new setting
for each of its members. This poses the first challenge: to decipher the complexity,
the drivers, the dynamics, the key levers in a new industry environment. The
hero of this story is our client, an international player with a glorious legacy
and ambitious dreams. The hero is seeking a treasure: understanding how to grow
in a new market. During his research, our hero encounters a Dragon, a deep
interior dilemma: growing organically or acquiring other heroes? But our hero
is a warrior, a fighting man – he is not a heroes recruiter. And he knows that.
But he has us.

We
will travel around the world for him. We will test the abilities of the best fighters
in NAFTA and APAC. We will evaluate the potential synergies with these heroes,
especially in terms of incremental energy (cash) flows.

Our hero’s endeavour is just at the starting point; the best
is yet to come.

[This message will self destruct in five seconds – four –
three – two – one – … ]

Damianos
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Hold tight – the process of change  [#permalink]

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New post 11 Oct 2019, 03:00
FROM IMD Admissions Blog: Hold tight – the process of change
The MBA International Consulting Projects are well under way, with participants travelling around the globe, working as teams to find solutions to an issue faced by the top mangement of the company they are working for. They have another four weeks to complete their projects and make an impact. But at the same time, the clock is ticking as graduation approaches and the pressure to secure the next phase of their career is also at the forefront of their minds.

Here are some words of encouragement from one of the MBA partners:

“An overwhelming time of the year has come for our MBA’s who might feel a bit submerged. They’re spending all their time  looking for jobs, reaching out and making connections networking, interviewing for jobs, supporting one another and juggling big ICP projects.

It’s honestly a trialing time for the best of us. Not achieving what they wanted may have some of the participants discouraged at this point, but we, as partners send this message:

We are proud of you all, we stand behind you, and we believe in you.

Dear participants, I hope you find some inspiration in the words below. 

Some periods of our growth are so confusing that we don’t even recognize that growth is happening. We may feel hostile or angry, weepy and hysterical or we may feel utterly hopeless. It would never occur to us, unless we stumbled upon a book or a person who explained to us, that we were in fact in the process of change, of actually becoming larger that we were before.

Whenever we grow, we tend to feel it, as a young seed must feel the weight and inertia of the earth as it seeks to break out of its shell on the way to becoming a plant. Often the feeling is anything but pleasant. But what is most unpleasant is the not knowing. Those long periods when something inside ourselves seems to be waiting, holding its breath, unsure about what the next step should be eventually become the periods we wait for. For it is in these periods that we realize we are being prepared for the next phase of our life and that, in all probability a new level of your being is about to be revealed. 

Hold tight… all will happen at the exact moment you are waiting for.  

Maddie (MBA partner 2019)
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IMD ICP Dream Team – From Finnish to Start  [#permalink]

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New post 17 Oct 2019, 01:00
FROM IMD Admissions Blog: IMD ICP Dream Team – From Finnish to Start
After successful completion of module 3, IMD rewards you with another steep learning curve: the International Consulting Project (ICP). In our case, the holy grail is to figure out how to scale up an IoT AI solution focused on energy optimisation in district heating.

Our ICP adventure starts with a cold weekend in Helsinki where our first stop is a local fish restaurant. After eager consumption of salmon, shrimps and beer, our story continues with an e-scooter tour and a late night visit to a Finnish Karaoke bar.

Image
The Dream Team: Leo Suvorov, Kirill Nagorskiy, Becky Holst, Ashley Yeh, and Philipp Kainz

We learn that ‘Kiitos’ means “Thank you” and we feel ready
to join forces with our Finnish client on Monday morning. After stepping into the
IoT AI company’s slick, Scandinavian office, we are quickly immersed in back to
back meetings.

Through engaging with senior management, R&D, and sales
teams, we start to transform our initial birds eye view of the company to a
more multifaceted picture. We learn about the client’s success story in Finland
and that a different business model may be required to expand the business
abroad. The devil seems to be in the detail, and our brains are swimming in new
knowledge about the heating ecosystem.

Besides acquiring new knowledge, we enjoy the company’s no
shoe policy and their excellent cafeteria lunch on par with IMD. During our
final and third day in Finland, we manage to visit an important Finnish energy
customer which is in the process of disrupting themselves.

After flying back to our Swiss safe haven at IMD, we try to digest our thoughts and create a compelling story for ‘where to play’ abroad. Numerous team discussions with our faculty coach Seán Meehan, Dean of IMD’s MBA program, bring us closer to finding our holy grail which may take us on a new adventure to Poland…

Becky Holst
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When consulting gets disrupted!  [#permalink]

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New post 19 Oct 2019, 05:00
FROM IMD Admissions Blog: When consulting gets disrupted!
Scene 1

90 MBA students at a leading international business school, all them completely high on an overdose of management theory, sit in close attention as they are told about the final challenge between them and their golden degree.

International Consulting Projects, or ICPs as they are called, are consulting projects that they will have to undertake with clients across the globe. ‘Consulting’… ‘Global’…‘Clients’… stuff dreams are made of!

Thoughts of international travel, business suits, midnight meetings and coffee fill the room as they are told that they will all be assigned projects in groups, which will be led by faculty directors, akin to a partner in a consulting firm.

The stage is
set. It is time to go and shine, and most importantly, to keep up with the
highest standards set by their predecessors and the institute.

Scene 2

Five super confident, self-assured and clueless MBAs have come together for their first ICP meeting. The carefully curated team comprises of a Swedish investment banker, an Italian ex-naval officer set to become a consultant, an ‘Uber’ cool tech master from Brazil, a Japanese Sales superstar and a growth strategist from India.

Image
The ‘S.U.P.E.R.’ team: Tulio Barcelos, Kei Takizawa, Swati Dalal, Andrea Teja, and Fred Wallenberg

The project is as concrete as their future. They will help a swiss startup, that is disrupting a certain industry, to scale up. Simple.

While doing so,
they will work under the guidance of a Rockstar faculty member, a recovering
consultant by his own admission, whose area of expertise is structured
thinking.

Scene 3

Three weeks into the project, the team has been through a ‘S.U.P.E.R’ journey so far.

First came the ‘Structure’. As the team started understanding the key question, they got an opportunity to apply multiple strategic frameworks to define the scope with the client and address the most critical challenges.

Then came the
‘Understanding’. A few days into the project, the team realized that while
structure is all about putting thoughts in boxes, disruption is all about
thinking out of the box. This was a different beast and it would take way more
than just the consultant swag to tackle it (the suits stay of course!).

‘Preparation’
was the key. Dwell deep inside business models. Talk to employees. Talk to
experts. Talk to clients. Scan reports. Gather data and more data. Build a fort
of knowledge. There is no room for shallow cosmetic treatments here. Go deep or
drown.

Now is the time to ‘Experiment’. Like Jean-Claude Biver once told us, getting lucky is like hitting the right string, but to hit the right string you must hit as many as it takes to get lucky. When it comes to start ups, when it comes to disruptive technologies and especially, when it comes to business development, you knock on every door until you meet lady luck. Think prototyping (or think whatever, but get down to action!).

And finally, with the right structures, a deep understanding, thorough preparation and robust experimentation, we will reach our destination and get our ‘reward’. That will be the end of this S.U.P.E.R. journey or maybe it will just be a beginning!

Swati Dalal

(cover photo: scene from Zürich)
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A truly international experience  [#permalink]

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New post 21 Oct 2019, 01:00
FROM IMD Admissions Blog: A truly international experience
The question that was stuck in my mind while deciding to do an MBA was, “Will it really be an international experience where I will be exposed to different cultures, ways of thinking, and people?”.

After 9 months from the start of the program, I am sitting on a plane that is taking me back to Geneva from Dhaka in Bangladesh, after three intense weeks of fieldwork for my ICP, with a team of diverse people, both in terms of nationality and work experience, and the answer to my initial question is definitely “YES”.

Image
MBA ICP team in Bangladesh

Already before this last experience, the program’s international exposure was significant: a class of 90 people of 39 nationalities, a diverse faculty, and a 15-day trip to visit the world’s best hubs of innovation in three continents. But the ICP experience has been the icing on the cake. In 20 days, we have completed field visits with different teams from both local and multinational companies thanks to IMD’s strong network. We clearly saw how diverse and creative a local business can be; we talked in our own words (via a translator) to local people to learn about their lives and habits. All these learnings will be crucial not only for our final deliverables to our Client, but also for our future international careers – in particular, business development in high-growth, developing markets.

What I found inspiring during our trip and the multi-cultural experiences so far, is the fact that your curiosity and ability to ask the right questions set the learning boundaries. In Bangladesh, for instance, I saw how some multinational companies wisely created a competitive advantage through the pioneering application of technology. And how significant this competitive edge can be, even if today the pace of change has increased dramatically. Equally, I was amazed to see the commitment of local companies to increase the size of their business, while at the same time improving the quality of life for their nation and compatriots.

The ICP is definitely a unique opportunity to put into practice what we have learnt over the whole year.

I want to thank
all my colleagues: Priscila, Yang, Stepan, and Georgii for these incredible
three weeks and for the insights for this post, as well as Professor Dominique
Turpin.

I only have one comment for the next part
of the project, “AD MAIORA.”

Matteoand the ICP team
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From marathons to MBAs: Leadership lessons I have learnt from running  [#permalink]

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New post 23 Oct 2019, 05:00
FROM IMD Admissions Blog: From marathons to MBAs: Leadership lessons I have learnt from running
 

Image

I don’t think my MBA class would believe me if I told them that I use to hate running. I’m known amongst the year as that crazy girl who trained for her first marathon during the notoriously busy Module 1. This means I now know Lausanne’s running tracks almost as well as I know IMD’s dungeons.

However, when I was a child, I genuinely did hate it. My least favourite day of the whole school year was Sports Day. It was pure humiliation. I would be persuaded into running distances like the 1500m (around 3% of a marathon’s distance…) and spend the whole race wheezing, walking and complaining my way round.

Something changed when I was 18. I spent a year off, part of which working for a charity that looks after boys who lived on the streets in Kenya. When I came back to England, I felt compelled to do something to continue supporting them, so I decided to run a half marathon and raise money.

With that decision, I became a runner. It was difficult making this transition; going from someone who genuinely could not run longer than 2 minutes to someone who felt happy trudging round the London parks took perseverance, dedication and a total change in mindset.

Image

The reason I’ve carried on running for the last 10 years is not because of what it does for me physically. Yes, it is great to be fit, sleep better and have improved focus during the day, but the real reason is because of what it does for me mentally. Forcing myself to get up for early morning runs whilst others are still sleeping has strengthened my drive and self-discipline. Spending hours on training runs has taught me the importance of practice to improve a skill. Finding a good running buddy has shown me the benefit of support during challenges. And bad running days have made me more resilient whilst good running days make me feel empowered.

This MBA year has put all these skills to the test and the current job search is no exception. There are highs and lows. Many hours are needed to hone your interview technique and discipline to say no to opportunities that are not right for you. I have had setbacks, like I am sure some of my classmates have. With these I find it important to remember the resilience I showed during the marathon, pick myself up from momentary disappointment and carry on. There have also been some fantastic opportunities that have come up as well, and like that moment when I crossed finish line after 4 hours and 13 minutes of running, I make sure to celebrate these.

As another week begins where I find, like all of the Magic 90, I have the near impossible task of fitting in ICP work, job applications, interviews and a personal life into a limited, ever-accelerated amount of time, I like to remind myself of that 18-year-old girl who hated running. Who would have thought she could have run a London Marathon this year?

Image

Great achievements are possible with hard-work, determination and a little bit of luck. So good luck to all the Magic 90 as we move into this final phase of the year. By supporting each other and applying that determination we have shown throughout, I know that the possibilities for us all are endless. There is ultimately nothing more rewarding than putting a goal out there, working hard for it and seizing it with both hands when you achieve it.

Maisie

 

 
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From marathons to MBAs: Leadership lessons I have learnt from running   [#permalink] 23 Oct 2019, 05:00

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