(Previous post on BizDeansTalk about Sramana Mitra, 28 July 2009)
In fact, unless you are teaching at Stanford or MIT, or a handful of institutions with similar access to the financial community, you better come to terms with the fact that your realistic path to grooming successful entrepreneurs is through bootstrapping. So don't mislead the students, don't set them up with unrealistic expectations.
Don't set them up for failure.
Distance-learning MBA programmes are resoundingly successful. We take an in-depth look at the sector.
The Berkman Center is pleased to announce that its independent review for the FCC, Next Generation Connectivity: A review of broadband Internet transitions and policy from around the world, has been finalized. The Final Report was submitted to the FCC today, February 16. For access to the report and a selection of primary data sets, visit:
Will consumers pay for online news and entertainment they now get
Nielsen asked more than 27,000 consumers across 52 countries, and the answer is a definite “maybe.” As expected, the vast majority (85%) prefer that free content remain free. Yet there are opportunities to be found in the details. Indeed, when asked to focus on specific types of content, survey participants are more willing to at least consider paying for particular categories, especially if they have done so before.
Will Pay / Won’t Pay
Online content for which consumers are most likely to pay—or have already paid—are those they normally pay for offline, including theatrical movies, music, games and select videos such as current television shows. These tend to be professionally produced at comparatively high costs.
Article of Yahoo Finance, Clare Kaufman, FindtheRightSchool.com
A tight economy has sent even former big spenders in search of coupons to clip and two-cent-per-gallon savings on gas. Now more than ever, people investing in a college education want to know what return they can expect for their money. Like cars and appliances, degrees feature a wide spread in overall value. At the upper end of the spectrum, the following five degrees set the standard for high return on investment, or ROI.
1. Master of Business Administration (MBA)
The gold standard of the business world, the MBA degree easily offers the most bang for your educational buck. MBA graduates see their paychecks leap by an average of 35 percent upon completing the degree, according to the Graduate Management Admission Council. In ROI terms, Business Week's top-ranked MBA program offers an estimated $96,500 post-MBA salary increase and pays for itself in a little over a year and a half.
Most MBA students boost their ROI even further by keeping their day job. According to the U.S. Department of Education, three out of four MBA students work at least thirty-five hours per week while completing the degree. Online degrees make this powerful work-study strategy possible. In addition to offering flexible, self-paced programs, online MBAs encourage students to bring their real-world experience into the classroom. The synergy between professional and academic work makes the MBA a natural choice for value-conscious students.
2. Bachelor's Degree in Engineering..
FAQs Hay Group
The survey was completed by 1869 individuals from 1109 organizations. Respondents that completed a survey were from 98 countries. 45 percent were from North America, 27 percent from Europe/Middle East, 16 percent from Asia, 6 percent from South America, 3 percent from the Pacific and 2 percent from Africa.
Steve Rubel post of February 8, 2010 (first paragraphs shown)
Last week Edelman, my employer, published our tenth annual Trust Barometer study. You can read the full report here. One of the more juicy statistics that Advertising Age and others noted is that trust in peers surprisingly dropped dramatically from 47% to 27%.
"This is bad news for PR agencies because social media has been the ‘point of the spear’ for so many firms. This is what brings in new business."
If you dig into the report, you'll note that the Trust data shows that we're desperately seeking out experts. This is unsurprising given the torrent of information we're all contending with. We're self-curating and in the process seeking out higher authorities.
Seventy percent of MBA employers polled recently by the Graduate Management Admission Council (GMAC) expect 2010 to bring relief from the difficult conditions that defined the business climate in 2009. As a result, the uncertainty surrounding many companies’ hiring plans may begin to dissipate as the year progresses, according to GMAC researchers.Read the press release >>
The collected papers bring together deans and directors from the UK, Canada, USA, Poland, Spain and Thailand, as well as the directors and presidents of the world’s leading business school accreditation bodies, the Association for the Advancement of Collegiate Schools of Business (AACSB) and the European Foundation for Management Development (EFMD). It has been put together under the leadership and guidance of the Global Foundation for Management Education (GFME), an organizational collaboration between AACSB and EFMD. It is published by the world’s leading scholarly business and management publisher, Emerald Group Publishing.
Post of Robert F. Bruner, Dean, Darden School of Business, January 17, 2010
A … challenge that the new age brings to each of us is that of achieving excellency in our various fields of endeavor. In the new age many doors will be opening to us that were not opened in the past, and the great challenge which we confront is to be prepared to enter these doors as they open…
In the new age we will be forced to compete with people of all races and nationalities. Therefore, we cannot aim merely to be good Negro teachers, good Negro doctors, good Negro ministers, good Negro skilled laborers. We must set out to do a good job, irrespective of race and do it so well that nobody could do it better.Whatever your life’s work is, do it well. Even if it does not fall in the category of one of the so-called big professions, do it well. As one college president said, “A man should do his job so well that the living, the dead, and the unborn could do it no better.” If it falls your lot to be a street sweeper, sweep streets like Michelangelo painted pictures, like Shakespeare wrote poetry, like Beethoven composed music; sweep streets so well that all the host of Heaven and earth will have to pause and say, “Here lived a great street sweeper, who swept his job well.”
Stanford Technology Ventures Program's Executive Director Tina Seelig shares rich insights in creative thinking and the entrepreneurial mindset. Her talk, based on her 2009 book, What I Wish I Knew When I Was 20, cites numerous classroom successes of applied problem-solving and the lessons of failure.
Download 2010 Index of Silicon Valley (76 pages)
The Silicon Valley Index has been telling the Silicon Valley story since 1995. Released early every year, the indicators measure the strength of our economy and the health of our community—highlighting challenges and providing an analytical foundation for leadership and decision-making.
Over the past 10 years, the HR world has undergone great change. It has had to cope with the impact of recession, a raft of employment regulations, and found itself outsourcing HR activities. So has HR changed for the better over the past decade? Is it taken more seriously as a profession, and how rosy is the outlook for the future? Helen Gilbert speaks to industry experts to find out.
Santiago Iñiguez de Onzono: Dean, Instituto de Empresa (IE) Business School
It was the best of times, it was the worst of times (…) it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us…" These familiar lines of Charles Dickens' "A Tale of Two Cities", one of the most celebrated literary openings ever written, seem very applicable today, as they were to the French Revolution – the context of the novel – and even to Dickens’ own times.
Complete 31 page report www.psychometrics.com/docs/
Psychometrics Canada, a leading assessment publisher and consultant for the development and selection of people in business, government and education, today announced the results of its study of leadership in the Canadian workplace. In many cases strong leadership has resulted in dramatic effects on work engagement, team performance and innovation. However, the report also shows that poor leadership has negative effects on employee morale, project success and working relationships.
The study conducted during November and December 2009, which involved a poll of 517 human resources (HR) professionals across Canada, confirms that leadership is seen as an important area of organizational functioning and development. The majority (63.2%) see leaders as having a lot of influence over their organizations’ success, with only 2.5% reporting that leaders have very little influence. The most common effects of good leadership are increased motivation (85.5%), improved working relationships (85.1%), higher team performance (80.7%), better solutions to problems (68.9%), and major innovations (41.6%).
The research projects that annual global mobile data traffic will reach 3.6 exabytes per month or an annual run rate of 40 exabytes by 2014. Such a figure equates to a 39-fold increase from 2009 to 2014, or a compound annual growth rate (CAGR) of 108 percent. (Click on Regions growth graph)
Two major global trends are driving this increase-the proliferation of mobile-ready devices and widespread mobile video content consumption. By 2014, there could be over 5 billion personal devices connecting to mobile networks – and billions more machine-to-machine nodes. Mobile video is projected by the study to represent 66 percent of all mobile data traffic by 2014.
...By 2014, more than 400 million of the world's Internet users could access the network solely through a mobile connection.
Click here for the article of Reuters, January 28, 2010
BOSTON (Reuters) - Students at one of America's top business schools see evidence that high-technology, startup and alternative energy companies will hire more actively this year after a difficult 2009 for graduates.
Post of the mark cuban weblog, January 13th, 2010.
As is the normal way on the internet, people love to read headlines. Of course they rarely read the substance of the article behind the headline. They take the headline and run with it as gospel. This is particularly true of internet video and the presumption by many that the internet will be so vast and powerful that its a foregone conclusion that video on the internet will replace traditional television delivery.
Aint gonna happen...
+ Why I Caved, Bought Cable TV, and Gave Up on My 'Hulu Household' AdAge, 5th February, 2010
Preparation for a career in sports marketing or management is similar to preparation for any professional career. Typically, the more education, the better.
According to a 2004 Turnkey Sports Poll that surveyed 400 sports industry executives, a traditional Master of Business Administration is the favored degree by executives in pro and college sports when hiring a senior executive. But, a variety of degrees received votes:
Of those executives polled, just 19.8% had a sports-specific college degree while 78.4% did not. (1.9% did not respond.) ...
(Incidentally: Last minute applications to http://master-sports.ie.edu)
Download "The Changing Face of Sports Media January 2010" (PDF 16 pages) (very quick signup) from:
Super Bowl XLIV: Battle for Media ROI As we gear up for Super Bowl XLIV, consumer expression and cross-platform integration have created a powerful dynamic hovering over the largest single-spot ad spend on record. This webinar will take an in-depth look at measuring the impact of paid, blended and earned media through the lens of the Super Bowl, and also how brand advertisers can create higher degrees of engagement and conversation around their campaigns.
A new forecast on the demand and supply of skills up to 2020 foresees a steady rise in knowledge- and skill-intensive occupations in Europe. The forecast was presented today by Cedefop, the EU's reference centre for vocational education and training, at the European Commission conference 'New Skills for New Jobs: Action Now'.
The 2009 National Magazine Award winners are:
· Reader’s Digest for General Excellence (over 2,000,000 circulation)
· Field & Stream for General Excellence (1,000,000 to 2,000,000 circulation)
· Wired for General Excellence (500,000 to 1,000,000 circulation)
· Texas Monthly for General Excellence (250,000 to 500,000 circulation)
· Foreign Policy for General Excellence (100,000 to 250,000 circulation)
· Print for General Excellence (under 100,000 circulation)
Wikipedia entry: "Foreign Policy" is a bimonthly American magazine founded in 1970... Under the stewardship of editor-in-chief Moisés Naím, Foreign Policy evolved from an academic quarterly in the 1990s to a bimonthly glossy, winning the 2009, 2007, and 2003 National Magazine Award for General Excellence. It is published by The Washington Post Company in Washington, D.C., USA. Its topics include global politics, economics, integration and ideas.
The New York Times ‘Corner Office’ interview on January 16 was with Cristóbal Conde, the CEO of the Fortune 500 IT services company SunGard. I found it fascinating for two reasons. First, Conde spends the first portion of the article talking about Enterprise 2.0, and about how and why he’s tried to increase the amount of freeform and emergent collaboration at his company. Below are a few of his quotes on the topic, followed by links to related posts from this blog.
Second, I liked hearing what he had to say on other topics as well. The final three quotes below aren’t directly related to E2.0; I just wanted to include them because I think they’re really sharp.
The Lecture Series Open Society Institute chairman and founder George Soros shares his latest thinking on economics and politics in a five-part lecture series recorded at Central European University, October 26-30, 2009. The lectures are the culmination of a lifetime of practical and philosophical reflection. Soros discusses his general theory of reflexivity and its application to financial markets, providing insights into the recent financial crisis. The third and fourth lectures examine the concept of open society, which has guided Soros’s global philanthropy, as well as the potential for conflict between capitalism and open society. The closing lecture focuses on the way ahead, examining the increasingly important economic and political role that China will play in the future.
This is the unofficial transcript
of the CNBC Town Hall event Warren
Buffett and Bill Gates: Keeping America Great, taped Thursday,
November 12, 2009 at Columbia
University in New York City. The transcript is also available
for downloading PDF.
Click here for the article of the BusinessWeek, February 3, 2010.
Recruiters are skittish and the job market is more competitive than ever, but career services directors say 2010 may be the year of the turnaround.This year's class of MBAs arrived on campus in September expecting a challenging fall recruiting season and now many are bracing themselves for an even tougher spring ahead. One of them is Aashini Shah, an MBA student looking for a job in the entertainment industry, who is feeling the pressure because most movie studios and entertainment companies don't hire until the spring. To get an edge, she's spent every spare moment she has networking with alumni, going on informational interviews, and keeping in touch with the contacts she made last summer, she says...
The Huffington Post. Amy Rosen, President & CEO, Network for Teaching Entrepreneurship
Posted: February 2, 2010 (bio)
My organization, NFTE, provides entrepreneurship education programs to young people from low income communities. We see exceptionally smart and gifted kids whose talents would otherwise go undiscovered. More often than not, these kids aren't given a chance because they are not taught the basic knowledge necessary to find their own pathway to success. Taking children from low income areas and helping them to tap into their potential helps combat poverty and crime while breeding a new generation of entrepreneurs, strengthening the very backbone of our (US) nation.
In his January 23rd New York Times column entitled, "More (Steve) Jobs, Jobs, Jobs, Jobs," Tom Friedman emphasized the vital role that entrepreneurs and innovation will play in lifting the United States out of economic turmoil. In the article he kindly points to NFTE as an example of a program that will help make the difference. Due to the support of people like Tom, NFTE and organizations like us are seeing more support in the public debate about education for the kind of work we do. (also mentions NationalLabDay.org)...
(Friedman in same article: "In November, a documentary movie — “Ten9Eight” — was released that tracked a dozen students all the way through to the finals of the NFTE competition. Obama should arrange for this movie to be shown in every classroom in America. It is the most inspirational, heartwarming film you will ever see".)
(Friedman said in The World is Flat: "Endeavor was formed for the purpose of promoting entrepreneurs in emerging markets. Its basic model is to link up small and midsize businesses with seasoned entrepreneurs so that little guys and gals can get the advice and contacts they need to grow their companies into bigger businesses that can employ more people -- the best antipoverty program of all."
Click here for the article of The New York Times, 20 January 2009.
The Wall Street Journal reported last week about a Maryland nurse who won a long battle with the I.R.S. when the United States Tax Court said she had properly deducted nearly $15,000 for the cost of her master’s degree in business. The article described how the I.R.S.’s rules for deducting work-related tuition were “complicated and onerous” and said the decision “clarifies the rules and will likely lead to more taxpayers taking the deduction.”
But the article neglected to describe how the decision clarified the rules. So I did a little digging to find out.
According to the tax experts I spoke with, under I.R.S. rules, employees can deduct ordinary and necessary expenses they pay in connection with their trade or business that are appropriate or helpful to the business. Taxpayers can deduct education costs, in particular, as “ordinary and necessary” expenses if the education maintains or improves the skills required for the taxpayer’s current trade or business. If not, the expenses are considered personal...
Surveys Summary Service
From Businessweek´s B-School Life, 25 January, 2009.
"It's been a year since I submitted my applications and I'm still running "
An unusual essay in reply to the admissions question:
3A. ESSAY: IN ORDER FOR THE ADMISSIONS STAFF OF OUR COLLEGE TO GET TO KNOW YOU, THE APPLICANT, BETTER, WE ASK THAT YOU ANSWER THE FOLLOWING QUESTION:
ARE THERE ANY SIGNIFICANT EXPERIENCES YOU HAVE HAD, OR ACCOMPLISHMENTS YOU HAVE REALIZED, THAT HAVE HELPED TO DEFINE YOU AS A PERSON?
First off, apologies all around to our English-only speaking readers, however as a sizeable amount of our readers are from Spanish-speaking countries, I hope you don´t mind if we publish this study from Telefónica that is in Spanish.
You can get the gist of it from:
The Pmarca Guide to Personal Productivity Marc Andreessen's post of October 12, 2009.
(for lesser mortals read "100 Awesome Organization Posts Start Your New Semester")
...The gist of Structured Procrastination is that you should never fight the tendency to procrastinate -- instead, you should use it to your advantage in order to get other things done.
Generally in the course of a day, there is something you have to do that you are not doing because you are procrastinating.
While you're procrastinating, just do lots of other stuff instead.
As John says, "The list of tasks one has in mind will be ordered by importance. Tasks that seem most urgent and important are on top. But there are also worthwhile tasks to perform lower down on the list. Doing these tasks becomes a way of not doing the things higher up on the list. With this sort of appropriate task structure, the procrastinator becomes a useful citizen. Indeed, the procrastinator can even acquire, as I have, a reputation for getting a lot done."
Reading John's essay was one of the single most profound moments of my entire life.
I can get so much done while I am avoiding... I can barely believe it.
In fact, that's what's happening right now.