msunny
@andrew, @topa
Thanks for sharing your views.
@rhyme
Thanks for your views and esp. the presentation style. I like.
Frankly speaking, the Professors is those two UG courses had an ego issue with me. I hardly went to their classes as I was taking a lot of other courses. They went strictly by the rule book and handed me an F. It was 8 years back and I cannot change that now. Just that I have to present it positively in the additional essay. I learnt how to prioritize time and consider the risks of not attending classes.
Hows your overall GPA? Your GMAT? (edit: ah 740, looks plenty good there) Based on the fact that it was 8 years ago and provided that the rest of your transcript is relatively strong, I likely would not bother with an alternative transcript. I think it warrants a brief explanation however, especially if they are outliers (and if they are not, then you'd need the alternative).
Your "explanation" needs a bit of thought though. MBA programs are full of ridiculously over-sized egos, there's little (if anything) positive in an argument about "risks of not attending courses" (that would imply that you might skip classes in your MBA program because the reward > the risk? -- probably not something you want to admit), you seem to be deflecting the blame somewhat (by the rule book doesn't make them "bad" professors). I realize that you probably wouldn't be as blunt as you are here, but just keep those things in mind. Remember that in cases like these, less is more.
My advice? Take a bite of the proverbial sandwich, suck it up, and take the blame.
All I would say is something like:
* It occurred 8 years ago (remind them how long ago this is)
* Due to poor prioritization and time management skills I didn't give the courses the attention they deserved (take ownership)
* However, as you can see from my subsequent coursework.... (something positive)
* Therefore, I am confident that .... (a nice positive and strong close)
Remember, less is more.