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On choices, chances, changes … [#permalink]

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New post 28 Sep 2017, 07:00
FROM IMD Admissions Blog: On choices, chances, changes …
Marcella Rispo, a 2003 MBA Partner now responsible for helping partners integrate in Lausanne life, shares a few thoughts with us before the 2018 class arrives.

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In the excitement of the new year ahead, we often forget that the MBA Partners are faced with some important choices, surprising chances and unfamiliar changes: whether to move to Lausanne or stay behind, learn French or make do with English, look for childcare options in Lausanne and whether there will be opportunities for gainful employment and/or volunteer work.

Although the answers are very personal depending on each partner’s particular situation and circumstances, these are the exactly the kind of issues we look at in the first few weeks of the program. The Partner Integration Program helps partners settle in over the first few months, whether they come to Lausanne or stay behind. We start connecting through our private Facebook group, so that come January a partner community has already formed. After all, building a community is the start to developing a support system that will be there for you throughout the year, and hopefully, into your future as well.

Here a few tips while preparing for an eventful 2018:

  • This is your year too. Make your own plan and a list of the things that you would like to do this year. What will be important for you? What would you like this year to be about?
  • Change is inevitable: so embrace it from the start.
  • Be open, stay open, and above all be flexible. You don’t really know what opportunities can show up unexpectedly.
  • An MBA is a transformational experience for both of you, it’s an opportunity to grow, communicate and learn.
  • Remember – everyone is also going through ‘things’ – reach out and share your experiences.
  • Do not compare yourself to others: it is your own unique experience. Like life, no one else can do it quite like you.
  • Be curious. Explore, make friends – you will find so much diversity around you this year.
  • You will have some fun times. You will have some intense times. You will have some difficult times. Ups and downs, all in the spirit of Life.
Remember: “All change is hard at first, messy in the middle, and so beautiful at the end” Robin Sharma

Marcella

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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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Before the 10 year reunion [#permalink]

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New post 01 Oct 2017, 02:00
FROM IMD Admissions Blog: Before the 10 year reunion
Co-founders of Fifth Breath, Daniela McKenzie (Romanian/American) and Irina Marchenkova-Arya (Russian), alumni from the MBA 2008 class, write today’s guest entry about their upcoming launch.

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Hard to believe that next year it will be 10 years since we left the amphitheatres benches and study rooms at IMD. Maybe because IMD has been, and continues to be, such a constant in our lives through our MBA year KIT (Keep in Touch) list that brings regular updates from across the world, or the whatsapp group or the visits and mini reunions that are going on all the time between members of our class.

Hard to believe that pressures of corporate roles, growing families and living across the world, distance and time difference have not stopped a budding idea that reunited us in more than friendship ways. Throughout the years post MBA, Irina and I kept sharing our thoughts on entrepreneurship and what would be a worthwhile mission to take on one day. We both aligned on building something that has integrity, that betters the world and delivers sustainable solutions to an otherwise burgeoning problem.

The Venn diagram confluence of all these criteria became apparent to us through our personal interests and love for yoga and wool and we set to make the first natural fibre practice mat. The yoga industry lacks truly natural and mindful product choices, and instead of fulfilling its original purpose of bettering people and keeping the planet unharmed, it is now part of the problem of overflowing waste landfills with PVC mats that will take 200 years to decompose.

Wool is the complete natural fibre, whose qualities are perfectly suited for the yoga practice: cushioning, yet light, temperature regulator, non-allergenic, sweat and odour resistant, fire resistant, biodegradable and ethically grown.

The initial prototyping, market tests and supply chain validation were so encouraging, we decided to have a proper launch for this business built during crazy hours between New Zealand and Switzerland, with four kids at times (for each of us) tugging away for our attention.

We teamed up with another mate from our class, Jesper Hornberg (Swedish), who has built a successful and impactful business in Kenya, inspired by our class expedition there back in June 2008 and we’re also launching a limited edition for the mat, with proceeds going to one of Givewatts projects of delivering solar lamps to school children.

While you might think this a carefully curated storyline, we agree that we are only giving you the clean version of this past year, since Fifth Breath was born. With all the enthusiasm, there have also been long hours, disagreements, expensive mistakes and sacrifices to deal with. Our families’ support have been outstanding and overall, our strong belief in what we are building and the complementarity of our skills in getting there carried us through the downs.

A bunch of the skills learned during our MBA applied, for others we had to dig deep in this entrepreneurial journey. But how exciting, we are about to embark on the official launch for Fifth Breath at OMYogaShow in London, Oct 20-22.

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Wish us good tides. This is not only our story, it is an IMD story to add to the richness of what this institution has inspired countless people over the years with.

Daniela and Irina

dana.mckenzie@fifthbreath.com

irina.arya@fifthbreath.com

www.fifthbreath.com

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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 [#permalink]

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New post 05 Oct 2017, 08:00
FROM IMD Admissions Blog: International Consulting Projects
The end of the second week of ICPs approaches, and our MBAs are already gearing up for the first round of company presentations over the next few days.

As always, the projects begin with an industry analysis, followed by a company and issue analysis, and then, at the end of their seven weeks, the teams are expected to present their final findings and recommendations to the top management. Issues can be marketing focused, finance, operations, reorganisation, … and the industries vary from Pharma to Shipping, Tech to Design, with many in between.

The projects continue to be scattered around the world and several teams will be off campus for the full seven weeks, while others make shorter trips to different destinations.  So far we have MBAs in France, Germany, UK, Denmark, Norway, The Netherlands, Poland, Russia, India, Chile, Brazil, China and South Africa as well as in various locations around Switzerland. The study rooms are strangely quiet!

Over the next few weeks the different teams will be sharing some insights into their experiences with you, although due to the confidentiality of consulting projects, I’m afraid they won’t be able to mention exactly which company they are working for.

In the meantime, here are a couple of pictures from last year.

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Suzy

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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 perfect transition [#permalink]

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New post 09 Oct 2017, 06:00
FROM IMD Admissions Blog: The perfect transition
From Denmark, our first ICP guest entry is by Dutch Bruno van Albada, who is working with teammates: Danish Mads Ring Damgaard, Brazilian/French Louis Lozouet, and Australian/British Matthew Costello, supported by Belgian Professor Benoît Leleux.

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On-campus recruiting is over for now, classmates are flying to more than 15 different countries across the world, and that can only mean one thing: The International Consulting Projects (ICPs) have kicked off! ICPs are 7-week projects where a team of 4-5 MBAs work together to solve a strategic issue for a client, often a F500 company.

Coming from a strategy consulting background myself, it’s interesting for me to compare some of the similarities and differences between my previous job and the ICPs. My team is working on a strategic growth project for a Danish design house, and many things feel oh-so-familiar: a great team around me, lots of energy in the teamroom to feed on, and of course living out of a suitcase. Excel and Powerpoint, not lectures, once again rule my life. And I’m loving it!

Now, as much as all of this reminds me of the “good old days,” there are also many differences. Working for a smaller client, as opposed to the colossal organizations I saw before, means more hands-on work; it means more frequent interaction with the CEO, more responsibilities and fewer people to get the work done. Paradoxically, it means that we’re much more resource-constrained in what we can do, but also that we can be more bold and more daring in the suggestions we make. After all, organizations like this are run not by bureaucracy but by agility, fed not by fear but by opportunity and dreams. The world is our oyster. Or our client’s oyster, at least.

Taking this consulting approach is an awesome opportunity to take everything that we have learned in the classroom and apply it in a real-world setting. So they are not only a reflection point, but also a case study come to life, and we find ourselves already going back to our notes from Finance, Strategy and Marketing to look for frameworks to help out. Even more interesting is getting a final chance to take and apply some of the personal and leadership learnings in a safer setting. Working together with three other classmates is inspiring and motivating, but it’s also important to find a way to manage the group processes well. And as anyone who worked with the case method can attest, that is often the most challenging part of a project! In the end, our client is putting down a significant amount of money, and the pressure is on us to deliver. In that sense, the ICPs serve as a perfect transition from academia to business.

Soon, after all, we will be released back into the real world – back to real jobs and real life. It’s certainly going to be strange for the ninety of us to be once more spread around the globe rather than bundled up in beautiful Lausanne. But it’s a wonderful – and comforting – thought that even though we may not be there full-time, we will make the time to reach out, connect, and visit each-other in the future. In fact, we got things started last weekend with a pre-reunion in Copenhagen, where class- and team-mate Mads hosted 46 (!) visitors at his house for a great autumn barbeque.

A final thought: my class is already getting many messages from the lucky ones who get to follow in our footsteps, the 2018 class. To all of them reading this – enjoy next year to the fullest, and get everything from it that you can. The work, the play, and the friends for life.

Bruno

https://www.linkedin.com/in/bruno-van-albada-30254352/

 

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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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Visiting our ICP client in the UK [#permalink]

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New post 12 Oct 2017, 08:00
FROM IMD Admissions Blog: Visiting our ICP client in the UK
Today’s insight into the MBA ICPs comes from Swiss Philipp Bächtold, who is working with team members Bryant Chen (Taiwanese), Sandeep Kusnure (British) and Riccardo Paccapelo (Italian). They are supported by one of our Marketing Professors, John Walsh (Irish).

Bruno has already introduced our readers to the seven-week International Consulting Project (ICP) which started almost two weeks ago. The client of our team is a global automotive part supplier, who wants us to look into the dynamics of his aftermarket business. As I write this, I am sitting in the train coming back from our first business trip to the UK. Here are some interesting insights.

Thanks to the great organization and skill of our “Logistics – Manager” Sandeep, we arrived exactly 15 minutes before our first meeting at the client’s premise – almost 1000 km away from Lausanne. We were about to learn a lot about our company’s business and were eager to gain valuable insights into the market the company operates in.

For a second, I was a little nervous because I had never been in a consulting role before. However, all of my nervousness disappeared when Riccardo, a team member who has worked as consultant almost all his life, took the lead and guided us through the many meetings and discussions we had on that day.

During these meetings, I realized the power of our diverse team. Although none of us had pre-knowledge or exposure to the automotive industry, each of us brought in a unique way of looking at the problems our client faces. We managed to pick up all relevant information and were very happy when we went for our first team dinner after the first day with the client.

On the second day, and with the help of our project director John, who flew in from Lausanne, we then structured what we had learnt during the past two weeks and defined a final scope and strategy about how to tackle the deliverables requested. With a debriefing telco with our project sponsor, the official part of our first client visit ended and some of us headed back to Lausanne while others spent their weekend in the UK visiting old friends or family.

It was a great business trip and clearly more exciting days lie ahead of us!

Philipp

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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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MBA 2016 – 1st Reunion [#permalink]

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New post 16 Oct 2017, 01:00
FROM IMD Admissions Blog: MBA 2016 – 1st Reunion
As one class approaches their graduation, another celebrates their first reunion. We welcome back Kunal Chandra, 2016 blogger, who kindly shares some insights in this guest post.

It hasn’t even been a year since we left IMD and we are already planning reunions just to be able to meet our friends again. The first official IMD MBA 2016 reunion was held in Barcelona at the end of September. The beautiful city, full of energy and warmth, was a perfect location to mirror our own emotions as we joined up with our batch mates and their partners.

We have all gone from being students to consultants or bankers or managers, but on those two days in Barcelona we shed all of those roles to come back as the IMD batch of 2016. I have a feeling that this strong anchor will serve us well for the rest of our lives when we need some perspective.

Over great food, wine and coffee we caught up on the past months. It was great to see our friends discuss how they are already applying so many things that they learnt at IMD in their day-to-day life and work. On top, came the discussion about how we have tried to stay in touch with our friends and made sure to say ‘stop by for a drink’ whenever we visit a different city with classmates living there. Of course, IMD has given us a much bigger circle of friends that covers almost all the major cities in the World.

Thanks to Robin, the trip was full of fun activities including a game of bubble football. Here are some pictures from these exciting two days:

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Overall, it was a memorable event that left us all wanting more time to spend with each other. But we left knowing full well that we will see each other soon. In fact we are just getting started!

Kunal

https://www.linkedin.com/in/kunal-chandra-1547605/

 

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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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Here, there and everywhere… [#permalink]

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New post 17 Oct 2017, 02:00
FROM IMD Admissions Blog: Here, there and everywhere…
Sitting on the TGV train from Lausanne to Paris watching the Swiss hills blend into French ones, I am struck by how much I have been on the road these past few months. In this instance, I am about to start the fourth week of my international consulting project for a multinational medical devices company. At the same time the job search is on full tilt, which has had me between Paris, Lausanne, Copenhagen, Dubai, London, and Milan over the past few weeks. By the end of this week, Stockholm will also make its way onto the list.

Most of my classmates are in the same boat (or should I say plane/train) in our search for that dream offer. Between interviews, offer negotiations, and ICPs, stakes and tensions are high. The class is certainly handling it well but you can tell what is keeping us up at night. It can be tough not to obsess over that upcoming final round of interviews for your dream job, how you answered an interview question the day before, or how much you may be risking an existing offer by pushing for certain terms. Rejections can be soul-crushing and bouncing back can take time but as the Japanese say, “fall seven times, stand up eight”. Even still, some are soul searching and unsure what career is right for them. And for those with offers, choosing the one that hits the sweet spot on role, location, company, and compensation is not trivial.

It is a different kind of pressure than the time-crunches we were exposed to earlier on in the year and much of it is happening outside of the school safety net/bubble. I’ll let you guess which one is more emotionally exhausting Image
That being said, it’s also a very exciting time and I encourage the class to look past the gravity of it all and try to have a little bit of fun playing around with the possibility of living somewhere new and doing something completely different. Take risks: if you win you will be happy, if you lose you will be wise.

Of course, at the same time we need to stay committed and motivated for our ICPs as we work to solve complex business problems for paying clients. For many, this is an enlightening exposure to the world of consulting and the ultimate chance to apply what we have learned. We are all in groups of 4-5 and so we need to think about what we learned about group dynamics from the leadership stream. As always, the group compositions are very diverse with my group hailing from Slovakia, India, France, and Egypt with backgrounds in FMCG, finance, defense, and consulting.

As we reach the halfway point in our projects, it is truly amazing to see how far our business acumen and group work has come. Had we attempted to engage with an ICP just 6 months ago, we would have been woefully underprepared. In my opinion, it is the ultimate validation of the quality of the program. I really look forward to hearing about the outputs from the projects, however disguised they need to be!

Til next time,

Mo

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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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Learn-Apply-Impact-Repeat [#permalink]

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New post 18 Oct 2017, 05:00
FROM IMD Admissions Blog: Learn-Apply-Impact-Repeat
Rajashree Patankar shares her team ICP experience, working with team members Thibault Acolas (French), Mohammed Allam (gyptian/Canadian resident) and Jana Valkovicova (Slovak) and supported by Professor Nuno Fernandes.

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“Alone we can do so little; together we can do so much”- Helen Keller. It is indeed true that many a great idea are conceptualized, built and then launched by teams achieving a greater purpose. While we came together as a class of 90 with 44 nationalities, we have always been surprised by the experience and skills pooled in by each one of us. The “International Consulting Project” (ICP) has been the true test of bringing to life not only our experience but also our learnings throughout this eventful year.

Our group of four got the opportunity to work in one of the most talked about and pivotal medical equipment industries which plays a huge role in improving the quality of life for people with certain chronic conditions. The journey began with a sneak peek into the business and understanding the products and the organization better. This was a reiteration of the fact that one ought to know the business well to make any strategic decisions. While none of us had a background in the healthcare or related industries, it was interesting to have an onboarding session for the products, their applications and have a real-time view of how the products are presented before potential customers.

The nuances of B2B marketing were insightful as we went about exploring the markets with field trips and customer interactions. After the last few months of theoretical and practical studies it was yet again time to step into the customer’s shoes and look at products from their perspective. While digitalization of marketing efforts is gaining pace across industries, it was remarkable to note how every aspect of healthcare marketing too has been touched by the revolution. Customer engagement which was perceived to be based on a clinical approach formerly has now gained a more collaborative view, particularly where the consumer wants to be perceived as just another person rather than a patient.

While we have completed four weeks on this project, it already seems like we have so much more to do and so little time to accomplish what we want to! It is true indeed that the moment we step into a task, albeit momentarily, it still consumes our thoughts and we don the thinking hat of a strategist, a business person and a decision maker. I am just glad that while we are at this we haven’t forgotten to have fun as a team and forged our bonds which is long way from our day one at IMD while we sat across each other in the class not knowing that we were making friends for life J .

So here we go,

The MBA learnings now unfold,

Impacting the world lo and behold!!

Cheers

Raji

https://www.linkedin.com/in/rajashree-r-1543b0140/

 

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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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It’s Diwali!! [#permalink]

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New post 19 Oct 2017, 03:00
FROM IMD Admissions Blog: It’s Diwali!!
Today is the Diwali festival of lights – we wish all of our Indian participants, alumni and future candidates a Happy Diwali, and a special thanks to Rajashree for today’s guest blog post!

Land of festivals they say,

One more festival is here- call it you may…

Diwali as I know it-a celebration of Lights,

Celebrated by everyone- not just by money or might…

Legend has it, Lord Ram returned to his kingdom,

Welcomed with pomp and joy wholesome…

Lamps glittered along all the streets,

Rejoicing townsfolk with festivities and sweetmeats…

Lord Ram is known for his benevolence and courage,

Wise as he was blessed by every sage…

Exiled for fourteen years from a life of comfort,

Fought demons relentlessly on heaven and earth…

Legends passed on through generations remain,

A mélange of colors now they attain…

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Truly, Diwali has transcended boundaries across religions in India today. It’s a festival of spreading joy and happiness. It is celebrated for four days at the onset of winter. Communities come together to celebrate this festival in different ways. Though Indian culture varies differently across north, south, east and west, this festival is celebrated with equal pomp across the country.

This is my first Diwali away from home, and I cannot explain what I am missing! Waking up early on a Diwali morning to the soothing fragrance of Jasmine flowers and sandalwood paste that adorns the little temple at home is a priceless memory. Diwali for me means amazing homemade sweets like laddoo, gujiya and so much more. Trust me, overeating too is underrated during Diwali. Sumptuous Indian food being made at homes to mark this festival is bound to leave you a few kilos heavier at the end of four days. Friends and family get together and celebrate this festival of togetherness with great aplomb. Being dressed in traditional Indian dresses is just a cherry on the cake.

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This celebration of age-old traditions has acquired a modern avatar today with crackers being burst almost every evening. Gifting too has become a common way of expressing gratitude and appreciation for families and businesses in a huge way. Lanterns and lamps glitter on streets and in homes. What a sight it is!

This is how we celebrate one of my favorite festivals in India. Really happy to share it with my family at IMD.

Wishing everyone a Happy Diwali!

Raji

https://www.linkedin.com/in/rajashree-r-1543b0140/

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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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It’s Diwali!!   [#permalink] 19 Oct 2017, 03:00

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