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FROM IMD Admissions Blog: 1st week stories
Click here to see the latest IMD MBA 2014 video blog:

https://www.youtube.com/watch?v=O4msTlMR2CY&feature=share&list=UUkBMxzz2KdnfitLC7Ki2Afw​

Enjoy!

Ashley Silver​
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FROM IMD Admissions Blog: What a week
​The first week of classes at IMD has been going by at a
brisk pace. The first topic we’re diving into is Economics and Industry
Analysis. We’ve been learning how to answer three questions: how attractive a
certain market is, how position yourself in that market and how to sustain that
position.

Since then, we’ve been very busy cranking out an analysis of
our own industries. Ralf did warn us at times it would be painful to adapt the
framework to our unique situations, like learning a new language. Indeed, the
two biggest challenges everyone seemed to have were to identify how to
“translate” the various concepts to their industries, and finding accurate data
such as market share, revenue figures etc for the market segments everyone
picked.

My favorite part of the exercise has been discussing our
analysis with our classmates. First we discussed to people unfamiliar with our
industries, and then to people from our same background. All the feedback and
discussion about the different assumptions generated some really great
discussion. I had to give some thought to things I would have previously not
paid much attention to, and learned about industries I didn't know much about. And that’s what the IMD class is all about.

It was also fascinating to hear the group presentations on
the broader industries. Everyone shared a little about their background, and it
became apparent what a wealth of experience we have in the classroom, across
all sectors from NGOs to financial services to manufacturing.

Although I did have a few kinks to work out in my own
analysis, I’ve really enjoyed learning the industry analysis framework. Not
only was it helpful to look at my previous industry with fresh eyes, it will
also be very helpful when it’s time to look at industries I may be interested
in pursuing after the MBA!

 - Marcelo
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FROM IMD Admissions Blog: First week, first impressions
We are over the first week of the program, and we became richer with new impressions:

First of all, we know much more about the reshaped program itself, from which we already experienced some of the new elements during this first week.

Practically, this whole first week of industry analysis and the „Life before Microsoft” dinner is a new element, and I have to say, it is a great initiation.

I already wrote you about my first experiences of the industry analysis structure, with which we became familiar in the past few days. On Thursday, we could also see how others used this structure. We listened some individual presentations on very different industries, starting from the Japanese fashion industry, via European petrochemicals to the development initiatives in Kenya. However, it was even more interesting, how the industry groups introduced their own areas, giving also some advice for those classmates who think about changing industry and look for job opportunities in their industry. As this question arises quite often in the discussions during our class breaks, now we all know whom to turn to, if we are interested to hear some real life experiences in consulting, manufacturing, IT or oil industry.

Yesterday we also introduced ourselves from another perspective, as we should introduce the history of our country/region "before Microsoft". After Ralf introduced the world history before Microsoft in two hours on five blackboards, we did not have an easy job, as each regional group had only ten minutes for the introduction (and an afternoon for the preparation). After the intensive week this turned to be a very nice Friday afternoon task with lots of creativity, fun and good ideas. Even if we were from the same region (Central Europe), we got to know each other and each others culture better, and afterwards during the dinner we could also earn quick insights into the culture of our classmates. I'm sure this experience will help us a lot during the coming months.

Soon we will go to do the Polar Bear Jump today. What is this all about? Follow the blog, and you will know it!

Andras
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FROM IMD Admissions Blog: Making a Big Splash
 The air seemed a bit colder this Saturday morning as I left
my apartment and headed for IMD. Bathing suit on, towel in hand, I was going to
join my classmates for a swim….. in Lac Leman…. otherwise known as Lake Geneva!

Yes, it was the annual IMD MBA Polar Bear Jump and the class
was out in full force. At 7 degrees Celsius and snow falling on the surrounding
Alps, we walked down to the harbor and built up our adrenaline. I was getting
last minute pointers from the Norwegians and Russians, who seem to do this kind
of thing as a hobby, when I heard a big splash.

One after the other, and sometimes in 2s and 3s, people were
jumping into the frigid lake and swimming out. I knew I had to go quickly; too
much hesitation would make it ever more difficult. I grabbed one of my
classmate’s hands and we jumped in together. With pins and needles and numbing
skin I rushed out of the water into my coat. The cheering and the camaraderie were
warming and it made me stop and think about how fortunate I am to have the
opportunity to spend a full year with the surrounding people. After just 2
weeks I feel like a close-knit family is forming.

The work has started, so I am going to read through a few
cases before heading over to a new friend’s house for dinner. Be sure to look
for video footage of the jump and other Week 1 events coming soon!



Ashley Silver

​​
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FROM IMD Admissions Blog: Life before Microsoft
​Last week ended on a fun note at
the “Life before Microsoft” event. We were split into groups by nationality,
and each one was tasked with presenting a little bit about the history and
culture of their country of origin. We were instructed to make them as insightful and fun as possible. On
top of the presentations, everyone was invited to dress up in traditional
costume from their culture.

IMD provided the food and drinks,
and needless to say, everyone had a blast. It was an evening filled with
laughter, jokes about stereotypes, a little bit of country rivalry (the Russians
were none too pleased when the Americans highlighted their victory in the cold
war!)

It was great to see everyone
showing their fun side. We are slowly becoming more comfortable around each
other and it is clear that the camaraderie in the class is really beginning to
build. What a fantastic way to end a busy and exciting first week. Now our
second week is under way, and the case study readings are piling up.

In the meantime here are a few pictures from the Life before Microsoft event, couresy of Massimo Sabella's excellent photography skills. Thanks Massimo!



  The Japan Team



Bernardo, one of the Brazilians



The Scandinavians



Moses, the Kenyan

-Marcelo
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FROM IMD Admissions Blog: Photo Blog: Life before the Program
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FROM IMD Admissions Blog: New team, new projects
​I have just thought about how much time was spent since the MBA fair. And although it is less than two weeks, for me it seems that it was much more time. We had really active days, and this week started similarly.

First of all we had an Operations/Supply chain class with Ralf Seifert where we could see a story of a retailer company from the internet age, and then we have learnt about Wal-Mart dilemmas in 1985 at the Economics class. The same industry, but two totally different story. It was specifically exciting to see the two stories on the same day.

However, maybe the most interesting part was the allocation of the study groups, the team we will spend most of our next ten weeks with. And we also received our dedicated start-up projects we will work in the coming weeks (months). I came to IMD to widen my horizon and to get to know other industries as well, not only oil&gas, where I have spent more than nine years. I can say that this will be absolutely the case. We have to do an industry analysis on recycling industry and work with a company who produces customized ski sets. I am really happy that I can taste these stories.

Our day ended up with our first leadership class, which was very interesting, especially because we received at the end our own personality analysis. My wife is just reading it, and laughing on how perfect some of the findings are…

Next time we will be over several steps again, so keep reading.

András
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FROM IMD Admissions Blog: Photo Blog: Week 1, Life before Microsoft




 - First day in class -



 

- Preparing for 'Life before Microsoft' presentations & dinner -







- The dinner, and after-dinner! -
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FROM IMD Admissions Blog: Real World, Real Entrepreneurship....is starting up!
​This week the IMD start-up opportunities and groups were
announced. For the next few months, I will have the pleasure of working in a
team with two Brazilians, another American, an Italian and a German. Two of my
teammates were actually in my interview group when I was going through the
applica​tion process for IMD and I am really looking forward to working with
them more!

I am no stranger to working with start-ups. In fact, the
majority of my career thus far has been working for a start-up and helping small
businesses. The catch is, that I was doing this in the international development
sector and helping small businesses in rural Nicaragua, Honduras, the Dominican
Republic and Uganda, in industries as diverse as FMCG, microfinance, tourism
and health. Now, we are working with a start-up in the farming, agriculture, and biotechnology realm, and let me just say that the stakes seem much higher!

Without giving too much away, the IMD Start-up Program is
renowned for propelling hi-tech start-ups to huge success. Year after year,
start-ups that were selected for and went through the IMD Start-up Program are
found listed as Switzerland’s top innovative and successful start-ups. IMD
harnesses the hi-tech, medical sciences and Internet entrepreneurship hub that
Switzerland is known for, and combines it with the business acumen and energy
of its MBAs. Guided by IMD professors, we work hand in hand with the
entrepreneurs to refine their business strategies. I am looking forward to
learning more about entrepreneurship by living it at IMD.

Now I am off to read some cases, articles and textbook
chapters for my Operations, Economics, Industry and Competitive Analysis, and
Leadership classes. I think it is safe to say that the program is picking up
speed!



Until next time,

Ashley
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FROM IMD Admissions Blog: A typical day at IMD
​One of the things I was most curious about before coming to
IMD was what my day-to-day life would look like. So I thought it would be cool
to walk through what my typical day is like at different points during the
program. Here’s my first attempt, based on today!

7:00am – Alarm
clock rings. I groggily take a shower, get dressed, put a couple slices of
bread in the toaster, gather all my stuff and give my wife and son a goodbye
kiss (if they are awake!) before I head out the door.

7:45am – Walk
down to IMD, which thankfully only takes me about 5 minutes (and it’s downhill!
Easier to get there, harder to leave…)

8:00am – Morning
class begins. This morning, we had Operations class with Ralf Seifert, going
over a case study where we analyze the power of information flows, and how
companies can leverage data to create value. So far all the classes have been
very interesting and interactive, each student adding his or her perspective or
observations from the case study.

9:30am –15 minute
coffee break

10:00am – Prof
Seifert sent us down to the dungeons for half an hour of group work, discussing
how each of our previous organizations collected and used data, and based on
the earlier discussion, whether they could do it better. In the later
discussion, lots of interesting examples come up from classmates whose jobs
dealt with similar scenarios.

12:00pm – Lunch
at the IMD restaurant. I filled my plate with a few cheeses from the cheese tray (one of my favorite features of the restaurant), a bit of salad to stay healthy, a delicious “calamari
steak,” French fries and even a delicious rabbit dish from the carvery. Good
stuff.

12:45pm – Walk
back home to spend a few precious minutes with my family.

1:30pm – Afternoon
session begins. Today’s afternoon class was a Leadership session, where we
learned about team dynamics. We participated in a fascinating exercise that asked
each group to come to a unanimous decision on a difficult subject, and later
walked through some of the common behaviors we see when a group interacts.

5:30pm – Meeting
with my study group to go over some of the background information about the venture
we will be working with during our start-up project, ahead of our first meeting
with the entrepreneurs tomorrow.

6:30pm – Head
home, make a quick pit stop at the grocery store, get the baby to sleep, have
some dinner with my wife.

8:00pm – Prepare the case study for tomorrow’s Entrepreneurship class, do
some individual research on the for the Industry Analysis group project.

12:00am – Bed
time!
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FROM IMD Admissions Blog: Launch of the start-up projects
​Today we finally met the representatives of our start-up companies. The whole start-up experience was a key element for me to choose IMD, so I waited it very much. Our company is Alpstory (https://www.dahushaper.com/), which  makes customized skies in Switzerland founded by three enthusiast skiers. They produce handmade ski sets in a nearby village, and we will visit their workshop tomorrow to understand more, how the technology works, which was developed by themselves. I’m sure that the whole group is very much motivated to help them to make a robust profitable business from this story.

Our team is full of ski-lovers, but actually none of us came from the ski or sports equipment industry. We have experts of the FMCG, steel, IT consulting or diary industries, so it will be a lot of fun to understand better, where we can create value in the handmade ski equipment business. This will be a really special experience, as although we hear very useful theories and practical tips during the lessons, these start-up projects are really special, so we have to really find our own way to contribute to the success of these projects.

Tomorrow we will be more familiar with the technology and we can also start our brainstorming sessions. Let’s the story start...

András
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This is for the information of all R3 as well as European school applicants.

Admissanado experts - Jon and Lauren - conducted Q&A chat in GMATCLUB chat room few days back in which they offered tips and guidance to prospective R3 & European school applicants.
I have updated the first post with the transcript of this chat. Interested members can download this transcript from there.

Good luck to everyone applying and have a nice weekend. :)

Thank You!
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FROM IMD Admissions Blog: 2 Weeks In
Click on the link below to watch the third video blog.

https://www.youtube.com/watch?v=LumoUvcR ... e=youtu.be

Ashley Silver
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FROM IMD Admissions Blog: Start-up frenzy
​Last week we finally met the
entrepreneurs behind our start-up projects, and suddenly the whole thing came
to life. Seeing the passion and enthusiasm of the entrepreneurs has lit a fire
under all of us, and we are all eager to help them succeed. It’s inspiring to interact
with people who have an idea they really believe in, and are willing to make
incredible personal and financial sacrifices to chase their dream.

IMD has provided a great deal of
support for the MBAs for the projects – not only was each group assigned a
faculty coach, who will ensure the project is on track and running as smoothly
as possible, we also have access to a start-up “guru” who is available to
answer our questions and give us general guidance on maximizing our impact and
effectiveness. Between my teammates, the entrepreneurs, the coach and the "guru," I am hoping to absorb as much knowledge as I can during this project.

At lunch and on breaks all the MBAs have all been sharing stories and asking each other's opinions on the issues our start-ups face. You can tell the start-up project has everyone excited, and I personally believe it is one of the most exciting things about the IMD experience.

The only downside is that most of
the work on the start-ups will take place on top of all the other projects,
classes and course preparation…  so there will be a lot of work done on evenings
and weekends. But that’s what we already knew the IMD experience would be like!
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FROM IMD Admissions Blog: Pressure increasing
We are just ahead of an intensive period, as we won’t have a real weekend. Or looking from another perspective we will have an early one on Wednesday and (partially) Thursday, as we will have the outdoor experience and leadership program starting on Thursday evening until Sunday followed by a full week of classes, cases and assignments. We have to plan our „early weekend” quite well, as we have to move forward with our industry analyses and with our start-up project as well.

Fortunately our group is highly motivated with the start-up project, which is very important, as everybody says we mustn’t wait for the next week becoming easier, as it will become only more and more overloaded. Today evening we had a really fruitful brainstorming session with Ernst and Marc-Etienne on our start-up. I enjoyed it very much, as I felt, that all of us threw in openly the ideas, and we have enjoyed the process of creating some (hopefully) great ideas for our start-up story.

Fortunately I had also time for some relaxation during the weekend. On Saturday we used the amazing weather to have a run at the lake and enjoy the beautiful view around with Joan, Li Ping and Emeka. On Sunday the regular weekend-football match attracted a record interest of 19 people, and the enthusiasm of the team remained very high even until the end of the two hours long match (fortunately without serious injuries). At the evening we celebrated Australia-day with a dinner hosted by Simon and Olivia. It was a really great event not only due to the delicious meal served and the good Australian wine opened, but because we had a very good conversation on the different countries, cultures and also on our plans for the future.

I will write my next post just after the outdoor experience, so keep reading...

Andras
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FROM IMD Admissions Blog: Leading+Loving+Daring=Enlightenment
​I am home and happy to be in bed at 9:30pm after the emotionally draining 3-day intensive leadership exercise.

I recall preparing for my IMD application this time last year and reading the blogs about the leadership experientials. I have to be honest that I didn't understand what all of the fuss was about and was thinking to myself that it seemed a bit like "fluff".

Now I understand, or, in fact, I am just now beginning to understand, and am committed to understand, more and more each day. For me and my leadership style, this means I need pay more attention to listening and processing before speaking... among other things.

IMD keeps the leadership experiential as one of its secret formulas. I had heard rumors that students found the whole activity very emotional but I had no idea what it was about. I didn't think that I would be strongly affected by it and I didn't even realize the impact it had on me until waking up this final day and feeling, well, everything!

I feel like my team broke its foundation and built a better one. Tomorrow we return to project work and research. We will also work on accounting homework together. You would think, after what we went through, that we would be sick of eachother by now! In fact, I feel more excited than ever to be back with them as we forge ahead as better individual leaders, and as a team that is stronger than the sum of its parts.

I leave you the below photo of myself and a fellow classmate Darshana, catching up between classes. Photo credit to my other fellow classmate Massimo Sabella.

Ashley

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FROM IMD Admissions Blog: A journey down the leadership stream
​Today is the day I am turning in my Personal and
Professional Identity Narrative (PPIN). This is the 15 to 20 page
auto-biographical document IMD has asked each one of us to write coming into
the program, as a pre-cursor for our leadership stream. I’ve spent many hours
thinking about my past experiences, the people and events that have influenced
my life, and how I’ve come to be who I am today, and have done my best to put
these thoughts on paper.

It’s been a fascinating, frustrating and humbling exercise.
By remembering some of the key events in my life, I’ve been able to come to
conclusions about who I am today, and how I came to be this way. It’s
frustrating to try and remember things that have been stored in my unconscious
for a long time. And it’s tough to think about times when I could have done
things differently, and lessons I’ve had to learn along the way.

I will turn the document in to my coach tonight, just before
I embark on the first “experiential” exercise from the Leadership stream, which
will keep me busy for the next three days. What the exercise is all about has
been kept a serious secret – all I know is that tomorrow I am supposed to wear
warm clothes and lots of layers, since at one point we will be taken to an outdoor
location for part of the exercise. Half of the class has already gone through
this exercise - as Ashley described on her entry yesterday - but they’ve been told to keep the activity strictly confidential
as well. I'm sure they've been asked a few questions from those of us who haven't gone yet!

At the end of the three days, I will meet my coach for the
first time for a one-on-one. She will have read my PPIN and will have observed me closely during
the “experiential” exercise. At that point, I imagine I will receive lots of
feedback and will begin a year-long journey of self-discovery. I am a little
nervous, maybe because of the very personal nature of the exercise, but I am
excited to see what I will learn!
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