The MBS Deans’ Blog

Melbourne Business School continues to impress me with the way it is building its online presence because, last month, they started an internal Deans’ Blog.

The blog has three contributing authors:

  1. John Seybolt, Dean & Director
  2. Jennifer George, Associate Dean of Academic Programs
  3. Richard Speed, Associate Dean for Faculty Resources

And is hosted on the MBS intranet (so it’s not available to the public). The Deans write about things that MBS students, alumni, staff, and faculty are interested in, such as school-related news and events; commentary on current events; and discussions on things like school resources, exchange programs, alumni chapters, new faculty members, and so on.

Some of the posts are information dissemination type posts while others are more discussion oriented. Presumably, there is a communications strategy in place that will guide the blog’s growth over the next few months and, most likely, the intention is to continue publishing both kinds of posts: the kind that provide management-level information to the whole school (but don’t generate much of a discussion) and the kind that seed discussion among the blog’s readers (including the “what do you think?” type of posts that you see on many blogs).

All in all, this is an exciting new addition to MBS’ online presence. Hopefully, once this blog becomes a regular feature its authors will start itching to write an external blog as well – maybe even one like the long-running Dean Bruner’s Blog at the Darden School of Business – but that’ll probably take time. Writing an external blog is hard work and you really have to commit to the idea before getting into it. Which is why an internal blog such as this one is a great way to start.

Here’s hoping the blog grows really well and that both the authors and readers enjoy participating in it (I know I will).

Core Economics Becomes a Multi-Author Blog

Speaking of MBS blogs, Joshua Gans’ Core Economics blog has also gone multi-author with four of its nine authors hailing from Melbourne Business School. So, if you want to see what MBS professors are blogging about, take a look at that. They write on a lot of interesting topics and they have a really good readership as well.

Of course, no discussion of MBS professors who publish their work online would be complete without mentioning Paul Kerin who writes a regular business column for The Australian.

A New CEO’s First Few Tasks

What are the first few things that a new CEO should do upon joining an organization?

Based on what the press is saying and what was discussed on the latest episode of This Week in Tech, the CEO should lay out her near and medium-term plans for the company in some big public announcement/address in order to appease the company’s shareholders. In my opinion, though, that’s exactly the wrong thing to do.

Why? Because the CEO’s primary job is not to appease shareholders’ concerns, it’s to fix the company. Yes, the CEO does need to address and appease – and dare I say ‘manage’ – both the company’s shareholders and employees, but the first message he gives them ought to go something like this:

Photo from Pundit Kitchen

 

Followed by, “Oh, and this is going to take a while so don’t expect any results for the next eight quarters or so.”

Meanwhile, that CEO needs to start figuring out exactly what the problem with the company is and how she’s going to go about fixing it. Most likely she’ll already have a pretty decent idea of where to look and who to talk to about it, but she should never presume to know the answers based on her outsider’s knowledge and she should never announce her solution to the problem before she’s even taken the time to analyze the problem in any real depth.

If she does make the assumption that she already knows how to fix the company and is arrogant enough to announce her solutions up-front, then she’s no better than a crappy management consulting firm that applies cookie-cutter solutions to unique and complex problems simply because “that solution worked just fine in the last company we consulted with.”

My point is that both Carol Bartz, the new Yahoo! CEO, and Barack Obama, the new American CEO (a.k.a. President), are doing exactly what a sensible new CEO should be doing upon joining a company. And I’m very impressed that they’re not caving to public/shareholder pressure to announce their reformation plans before they’ve even had a chance to settle into their new offices and figure out what the heck is going on there.

FT 2009 Rankings: MBS 52nd in the World

The 2009 Financial Times global business school rankings are in and Melbourne Business School has jumped 23 places to be ranked 52nd in the world (details on this page).

MBS’ Dean John Seybolt discusses this and a presents a more detailed analysis of the results on the MBS website while Andrew Trounson discusses the effects of regional competition among Asian and Australian business schools in The Australian’s Higher Education section.

More on the MBS-UniMelb Integration

More details have emerged regarding the proposed integration of Melbourne Business School (MBS) and the University of Melbourne’s Faculty of Economics and Commerce (FEC).

According to Christina Buckridge, writing in the MUSSE newsletter, the integration has already been agreed upon in principle and the University Council is now establishing a due diligence committee that will carry out an “intensive consultation process” on the integration proposal. In other words: Now that they’ve decided that they’re going to integrate, they’re going to sit down and decide how they’re going to integrate.

The consultation process that Buckridge refers to works as follows:

  • A consultation committee is established. This consists of representatives from the relevant parties (i.e. staff and faculty from MBS and the FEC), most likely someone from UniMelb administration, and other experts or advisors (as required).
  • Committee members come up with ideas for the integration and they ask everyone involved (or affected) to submit ideas, advice, and opinion as well. They put all that together and come up with a draft plan that is made public.
  • Everyone then gets an opportunity to comment on the draft. Those comments are taken on board and a final plan is written up.
  • The final plan then gets approved by the University Council after which it comes into effect. (In this case, it’ll probably be an agreement that will get signed by all the parties involved.)

The proposed structure of the resulting integrated entity is what we thought it would be: a new Faculty of Business and Economics (FBE) under which all graduate degrees will be offered by MBS and all undergraduate degrees will be offered by the School of Economics and Commerce. It is still unclear how Mt Eliza is going to fit into this new structure.

The most interesting thing in that post, however, is the last paragraph which states:

A Heads of Agreement is under negotiation which, with the results of due diligence enquiries, will inform a Coordination and Management Agreement, with a view to integration by the end of March 2009.

If I’m reading that correctly, once the due diligence is done and the integration agreement is written and signed, they’re hoping to complete the actual integration by the end of March 2009. That’s a lot quicker than I expected but it makes sense that they’d want everything done as soon as possible.

So what now? Well, we first see what committee gets formed and we then wait for the consultation process to begin. I’m not sure whether this will happen before the Christmas break of after…but considering the speed at which they’re already going, it’ll probably happen very soon.

MBS & Melbourne University: Deeper Integration

According to a news item in the most recent MBS Alumni Newsletter, Melbourne Business School (MBS) is in talks with the University of Melbourne to “explore the possibility of a deeper level of integration of MBS and the University”. And while that write-up didn’t go into the details of the proposed integration, an article by Andrew Trounson and Luke Slattery in today’s Australian did discuss some of its key points.

But before I talk about the article, let me give you a quick background on the current situation:

Melbourne Business School:

  • MBS is a non-profit organization jointly owned by the University of Melbourne (45%) and the business community (55%).
  • It’s run by an independent Board of Directors but is a proper School of the University of Melbourne so it has a Dean and all of its programs, courses, student administration, grading, and degree granting are done through Melbourne Uni.
  • It offers the MBA, EMBA, PhD, and some targeted diploma and masters degrees in the areas of Innovation and Marketing.

The University of Melbourne:

Though traditionally independent, MBS and the FEC have been working with each other quite a bit over the last year or so.

The Changes Made by the Melbourne Model:

  • In 2007, Melbourne Uni switched to the Melbourne Model of university education in which undergraduate-level study is general and graduate-level study is specialized. This is much like the North American university education model.
  • To support this increased specialization at the graduate-level, Melbourne Uni asked its independent Schools – which included MBS and the Victorian College of Arts (VCA) – to become more closely integrated with Melbourne Uni. The VCA accepted this offer and became a Faculty of the University but MBS declined and remained an independent School.
  • Because Melbourne Uni still needed a new graduate school in the business and management specialization areas, it created the Melbourne Graduate School of Management (MGSM) under the FEC to which the FEC then transferred all of its graduate and doctoral level degrees.
  • So now, if you’re studying business or management at Melbourne Uni, you do your undergrad in the FEC and your grad studies at the MGSM. The FEC and MGSM are actually the same Faculty, run by the same Dean, so this more of a logical division than an actual one. The MBS equivalent of this is the difference between MBS, which is where you do your MBA, and Mt. Eliza, which where you do your EMBA. Both have the same Dean, but separate Associate Deans, administrators, staff, faculty, students, buildings, facilities, etc.

The Confusion This Caused

While the MGSM doesn’t offer the MBA or EMBA (according to the MBS-Melbourne Uni agreement, only MBS is allowed to offer those degrees under the University of Melbourne name) it offers pretty much everything else and thus there are problems with this set-up.

For starters, the MGSM’s existence muddies the market for graduate-level business, management, and marketing education because students, clients, and customers may find it difficult to differentiate between the University’s “management school” and “business school”. For example, future students may find it hard to choose between the Master of Management (Marketing) degree offered by the MGSM and the Master of Marketing degree offered my MBS. (Until they look at their fee structures, of course, and notice that MBS charges about twice as much!)

The creation of the MGSM also causes some brand confusion issues. Right now, MBS is a sub-brand of the University of Melbourne. This is because, while the University of Melbourne brand has greater overall market recognition, MBS has excellent recognition as a business school both in Australia and around the world. The two brands put together, then, make for a powerful combination. That’s why MBS’s logo is the way it is:

MBS LogoThe problem occurs when, say, both MBS and MGSM send Company XYZ their brochure for the management training courses that they offer. Both brochures carry the University of Melbourne brand so all this ends up doing is further confusing Company XYZ and, more generally, the entire market for professional business education.

The Proposed Solution

This is why the new solution is, in theory at least, very welcome and has the potential to be quite awesome. Instead of MGSM and MBS working against each other, they will now work with each other. How exactly they will do that is not yet clear – and discussions are still continuing – but according to the Trounson-Slattery article:

  • A new, broader Faculty of Business and Economics (FBE) will be created at the University (i.e. the Melbourne Uni Faculty model will be used) but it will be led by an Executive Dean and a Board of Directors (i.e. the MBS leadership model will be used).
  • I’m guessing the Executive Dean and the new executive-level Board will sit at the Faculty level, above any Schools, and will probably do coordination, inter-School liaison, and overall strategy work as opposed to actually running the institutions on a day-to-day basis. This will be like a corporate layer that sits over its component companies. [I’ll be writing more on the corporate strategy aspects of this integration in a later blog post.]
  • The article goes on to say that MBS will keep both its name and brand but doesn’t explain what will happen to the MGSM. All we know is that all current MGSM “faculty and [graduate and doctoral] operations” will be transferred to MBS. Does that mean that MBS is going to absorb the MGSM and will start running all the latter’s degrees? According to this article, that seems to be the case.
  • It’s still a unclear, however, how this arrangement will fit in the overall Melbourne Uni leadership system. Presumably, MBS and the FEC will retain their existing Deans, administration, staff, students, courses, degrees, buildings, etc. and will thus remain full Schools in their own right. However, MBS will move from being an independent School to one that’s part of this newly-created Faculty. So this new Faculty of Business and Economics will have two Schools: the FCE and MBS (with the MGSM having been absorbed by MBS).
  • The question then is: How will the new FBE operate? If it has its own Board – that too a proper one that it has to answer to – how will that work within a University system in which a Faculty is supposed to answe
    r
    to the Provost (who runs the central, university-wide Academic Board) and Vice Chancellor? Or is that the deal Melbourne Uni offered MBS: “Come into our fold but, you know what, we’re going to make that fold a lot more independent”? And is this what the FCE wanted?

So, while the article is useful because it gives details of some of the integration ideas being thrown around, it also quotes both MBS Dean John Seybolt and FCE Dean Margaret Abernethy as saying that they are far from reaching an agreement and they themselves aren’t sure if any of the new proposed structures are workable. And since there are no publicly stated deadlines for any of these discussions, we have no idea when next we will hear more about this topic from either of them.

Further Implications

There are numerous further implications that I want to talk about – covering things like corporate strategy, branding, systems and operations, incentive systems, uses of buildings and staff, and so on – but I think it would be best to wait till we have more information about the proposed integration before I continue to speculate.

Right now, though, I’m both excited and concerned and I hope things work out well.

New IP Think Tank Podcast

Duncan Bucknell, who co-taught the Strategic Management of Intellectual Property course that I took during my MBA at Melbourne Business School has just launched an intellectual property related podcast on his IP Think Tank website (you can get the first episode here).

Not only does Bucknell really know his stuff, his blog is the place to go to for all IP-related news, information, and resources. Indeed, it's the #1 IP blog in the world according to BlawgSearch. And the podcast is an excellent addition to everything he's already doing there.

Article on the MBA Degree in The Age

The Age's Leon Gettler recently wrote a good article on MBA degrees in Australia and had good things to say about Melbourne Business School:
Melbourne Business School is the only Australian business school with an Executive MBA program to rank among the world's leading programs. The rankings were compiled by Britain's Financial Times, which recently released its 2008 ranking of the top 95 Executive MBA programs worldwide.

According to the FT index, the Melbourne Business School EMBA program came in at 45. That put it in the company of such prestigious institutions as London Business School, INSEAD and Wharton.

He also quotes Jenny George, the Associate Dean of Academic Programs at MBS, and talks about MBS's new Professional MBA program.

MBS's Online Presence

Speaking of Melbourne Business School, I've been very impressed with the way MBS has been building its online presence over the last few months. For example, I was immensely pleased when I found they'd uploaded audio clips of the talks given at the Dean's Circle launch event that I attended last month.

I've already mentioned on this blog the SouRCe student newsletter that is now available online. Here, then, are two more things you can find on the MBS website:

  • MBS Leadercasts: These are videos of recorded presentations by MBS faculty members on the various topics of expertise that they possess.

  • MBS Today: This is the monthly newsletter that MBS publishes for "alumni, past faculty, and friends in the government, corporate, and community sectors".


Both are good though the MBS Leadercasts -- much like the University of Melbourne's Up Close Podcasts and Visions Video Podcasts and a little like TED talks -- are lots of fun to watch. I highly recommend them. (I was actually going to tell you my favourite three videos but I can't narrow it down to just three!)

MBS Employment Statistics for 2008 Graduates

Melbourne Business School recently published its employment statistics for the graduating class of 2008 (i.e. my class). 80% of the students responded to the survey which told us that:

  • Over 95% of graduates were either employed or had received an offer of employment within three months of completing their program
  • The average starting salary package for an MBS MBA grad is A$133,569, which is a 63% increase on the average pre-MBA salary

Awesome. You can read the full article and download a PDF of the results on the MBS website.

Online Resources for New MBS Students

Every few weeks I get e-mailed a couple of questions from someone applying for admission to the Melbourne Business School (MBS) MBA program (or at least someone's who is researching the MBS MBA). I always reply to these e-mails though, depending on my workload at the time, it sometimes takes me a few days to do so.

Less frequently, I get e-mails from people -- usually international students -- who have already been admitted to the program and are now preparing to move to Melbourne. These new MBS students almost always ask me about life at MBS, in Melbourne, and, more generally, in Australia.

I, in turn, recommend the following three resources to them as good places to do preliminary research before asking me more specific questions:

1. University of Melbourne Website

The 'International Students' section of the University of Melbourne's Future Students website is a great place to start your online research. You can learn about everything from how to apply for your student visa all the way down to what your first year here will be like. The 'Preparing for Study' page is particularly useful.

2. UMPA's 360 Degree Guide

Every year, the University of Melbourne Postgraduate Association (UMPA) publishes its excellent 360 Degree Guide: The All-Round Guide for Graduates at the University of Melbourne. This tells you pretty much everything you need to know about university life (though, as you would expect, it focuses more on Melbourne Uni than on MBS) and postgraduate student life in Melbourne. It is an invaluable resource for new postgrads.

The best part about this is that all postgrads are entitled to a free copy of the 360 Degree Guide. If you haven't been mailed one along with your admissions pack, you can pick up the latest edition from the Student Services office at MBS or from the UMPA office itself. Alternatively, you can download it in PDF format from the UMPA website.

3. MBS Student Blogs

Finally, for the most in-depth information about life at MBS (and not just life at Melbourne Uni) you should read the blogs written by current MBS students. I maintain a list of those blogs -- along with a list of MBS alumni, staff, and faculty blogs -- on my 'MBS Bloggers' page.

Unfortunately, MBS hasn't formalized the student blogging process like, say, LBS, Darden, Berkeley, Ivey, Wharton, MIT, Sauder, Rutgers, and Cornell have...but I'm hoping they do so in the near future.

Any Others?

Have I missed any other useful resource? If so, let me know in the comments. Thanks.

EIU Ranks MBS' MBA at #26

The Economist Intelligence Unit's 2008 MBA rankings are in and there's good news: Melbourne Business School's MBA is now #26 in the world and still #1 in Australia.

This is quite an achievement because, when I joined MBS in 2006, it was ranked #88 in the world (though still #1 in Australia).

Read more about it in this MBS news article: MBS Ranking: Highest Ever for an Australian Business School.

MBS MBA FAQs: Career Prospects

Every couple of weeks I get an e-mail from someone looking to do an MBA from Melbourne Business School. I get asked lots of different questions in these e-mails but the ones I get most often cover admissions advice, post-MBA career prospects and the MBS careers office, and what my impression of MBS is now that I'm in the job market.

I've been meaning to blog about my replies to those e-mails for a while now but have only just gotten around to doing so. Here then is the first of those blog posts, this one covering career prospects and questions about MBS' Career Services Centre.

Q. What is the Career Services Centre at MBS like?

A. It's pretty good and it's getting better. To give you an example: Back in 2006, when I started my MBA, the concept of an "MBA internship" was relatively new in Melbourne (and maybe even in Australia where internships and apprenticeships are generally 6-12 months long and are often something you do after your undergraduate degree). My MBA intake was the first to have an internship built into its program and, of the 30 or so people who wanted to do an internship, only 12 managed to get one. Things have improved drastically since then: of the 50 or so people who wanted to do an internship this year, over 45 got one. Most of that is thanks to the Career Services Centre's efforts of the last couple of years.

The Career Services team is pretty impressive, too: they have a general careers consultant who can help you figure out what you want to do with your life and a bunch of industry specialists who really know what they're talking about. The industry specialists also have great relationships with all the big companies in their designated industries. They also have a coordinator and general manager, both of whom know pretty much everything that's going on and are a valuable resource in themselves.

The Centre also runs weekly career-related workshops (which are invaluable), holds a two-day residential careers/leadership training session (which is awesome), and manages the relationships with all of the companies that recruit from MBS (see next question).

Q. What kinds of companies recruit from MBS?

A. All kinds, including some of the biggest, most successful, and most well-known companies in Australia and the world. There are on-campus recruitment sessions/presentations held throughout the year and here is a list of some of the companies that held one during my last term there:

Q. How do MBS students get/find their jobs? What kinds of jobs do they get, how much do they get paid, and which countries do they get these jobs in?

A. For details on all of this, read MBS' graduating class survey for 2007. The data for the 2008 survey hasn't been collected year (that should happen next month) and I'll blog about that once the results are in.

Keep in mind, though, that 2007's "average" starting salary of AU$105,211 doesn't actually tell you much because it doesn't capture the massive difference between graduates starting in, for example, C-suite positions and earning over 150k per year and graduates working in non-profits and earning under 70k per year. This is problem with averages.

What you can do to supplement this data is to look at industry-specific salary ranges as reported via salary surveys conducted by these four recruitment firms:

Notice how salary averages change across cities and industries and how they vary among the surveys themselves.

Q. What are the chances of using the MBA to switch industries?

A. It's never easy to switch industries but the MBA is a great degree to switch with. That said, unless you work really hard, are incredibly persistent, and get a little lucky, you are unlikely to get your dream job in your target industry right after you graduate (particularly if you want to get into something like investment banking!). Instead, you'll probably start at a lower-than-expected position in your new industry and will then work your way up to your dream job. This, by the way, is compared to the position someone from that industry would start at if they went and did an MBA and then came back. However, once you do make the switch, you're likely to move up the corporate ladder (i.e. to your dream job) quicker than someone who doesn't have an MBA.

The best part: you have tonnes of resources to help you make the switch. This includes not only books, elective courses, and industry clubs, but also your classmates, faculty members, Career Services staff, and alumni.

The most powerful industry-switching tool available to you, however, is your MBA internship. Assuming you manage to get one in your target industry, you'll not only get some industry experience on your resume, you'll also get networking contacts, lots of news and information about that industry, and maybe even direct contacts in companies that you might want to apply to for a job.

Q. What does it take to get a job in management consulting?

A. Lots of hard work, a love of numbers, the ability to see the big picture and the interconnections between elements, and the right (i.e. management consulting) attitude. The advantages you'll have

in being an MBS student include:

  • You'll get taught how to do all of this
  • If you like it, there are numerous electives you can take that will teach you how to do it even better
  • MBS has great relations with all of the top management consulting firms in Australia. Indeed, many of its lecturers have worked in those firms in the past.

That said, there are two things you have to be ready for.

  1. Consulting firms will only hire you if your grades are really high (i.e. top 20% of your graduating class high) and, even then, only if you do really well on their case interviews (which are never easy).
  2. Only one or two people get into any of those firms in a given year and there are lots of smart people at MBS who want to get into management consulting so there's plenty of competition.

In other words: the prospects are great if you work really hard, do lots of preparation, and get really good grades. If not, your prospects are still good but it might take longer and may be harder to get in.

Finally, the Career Services Centre and the student-run MBS Consulting Interest Group will guide you in all of this.

On to other topics...

Those are the most popular career-prospect questions I tend to get. I'll move on to other topics next time but if there are any other specific questions you want me to answer on this topic, please let me know and I'll cover them in a subsequent blog post.

MBA Skills at Work: Part 1

I've been working at Linfox for almost two months now and I've hardly even noticed. Time really does fly when you're having fun and working your butt off, doesn't it?

Now that my major project at Linfox is complete -- we re-launched Linfox.com last week -- I thought it would be a good time to do a quick recap of how things have been at work and how the Melbourne Business School MBA is helping me do my job really well.

But before I get to that...

Actually, funnily enough, the thing I found most immediately useful at my new job was not something I learnt during the MBA but is something related to the work I did in MBS' Information Technology Solutions department earlier this year. That is: I knew how to use SharePoint really well.

In May, MBS launched its new intranet (called 'MBS Direct') based on Microsoft's SharePoint technology. Just a month before that Linfox launched its own intranet (called the 'Lintranet') also based on that technology. Having learnt a great deal about SharePoint at MBS -- and many SharePoint tips and best practices from our vendor, Bullseye -- taking over from the previous Online Coordinator was incredibly straightforward and hassle-free.

E-Commerce and Information Management

As you would imagine, stuff learnt in Pat Auger's E-Commerce and Information Management courses is coming in really handy in my new job. Here are two lessons I'm finding most useful at this time.

1. Making a business case: My boss understands how important both the intranet and public website are to the business; she is, after all, Linfox's Group Communications Manager. People in top management, however, are more focused (as they should be) on running a logistics company, a couple of airports, and a few other Linfox Group businesses. My boss and I therefore need to demonstrate -- in almost everything that we do -- the business benefits of maintaining these two sites (which I am in charge of and she is the champion for).

This is where something like Google Analytics comes in. My boss can now tell her boss that, just last week, over 1,000 unique visitors got to Linfox.com via a search engine (we also know the keywords they used to get there) and that, by far, the most popular section on the site is the 'Working at Linfox' one. Now the site's only been up for ten days so there's more data to collect before we take things to the next level (like further developing the recruitment section) but already it's clear what one of the major benefits of having a good website is: you can communicate directly with potential employees in order to get the best and most suitable candidates to apply for jobs that you advertise.

2. Internal communications: Having spent years in IT -- which in many companies is the one of the least communicative, least understood, and possibly least-liked departments -- I know how important it is to communicate internally the benefits of the work you're doing. Things are a little different in the Communications department but internal communications is still an important task for me.

For example, two phrases that I've found to be really useful are "it's on the Lintranet" and "search for it". These are important because the last iteration of Linfox's intranet took the usual route to uselessness: it had too much stuff on it (it had become a bloated file archival dump) most of which was irrelevant (no versioning, lots of replication) and hard to find (limited search functionality). This new iteration is lean, well-organized, and has versioning, no duplication, and excellent search functionality. However, not everyone knows this.

My job, then, is to (a) keep the intranet in great shape and (b) to tell everyone how great the intranet is. My aim is to make this a virtuous cycle: if people expect it to be great, they'll make sure it stays great -- with a little poking, prodding, and policing from me, of course! So when someone asks me for something, I usually say "it's on the Lintranet" (since it usually is) and, most of the time, they're able to find what they're looking for quickly and easily. If not, a simple search does the trick.

One thing that really helps me here is the direct support I get from my team. This mostly comes in the form of a line in every bit of internal communication that we do that goes something like "you can find (more information about this) on the Lintranet".

More in Part 2

There's much more I want to write so I'm going to split this into two, or maybe three, posts. I have yet to talk about:

  • Applying people skills learnt in the Managing People for High Performance, Negotiations, and Leadership courses.
  • Applying marketing skills learnt in the Brand Management and Consumer Behaviour courses.
  • General skills learnt while doing the MBA; such as how to handle multiple projects, deadlines, and priorities without breaking a sweat.
  • Observing how things are working at a more strategic level within the company; such how business and corporate strategy are playing-out, what leadership is being exhibited by senior management, what the company's environmental strategy is, and how intellectual property is being managed.

But more about all this next time.

I Graduated!

That's it. I'm done. I have graduated!

As of this morning, I am an MBA from the University of Melbourne's Melbourne Business School...and I can prove it:

Proof!

 

I'm even wearing the University of Melbourne lapel pin! And in case you're wondering why that's so important, that pin is given only to UniMelb graduates (exclusivity works, eh?).

This is what I looked like in full graduation regalia (fun to wear, a hassle to sit in):

In my formal regalia

 

Graduating Ceremony

The ceremony was good -- despite the fact that today was the rainiest and coldest day Melbourne has had this winter (non-stop rain, temperatures dropping to three degrees overnight).

We heard from the University's Vice-Chancellor, Glyn Davis, who started the ceremony with the traditional welcome address in which he talked about the privileges and responsibilities that come with the degrees we were being awarded. We also heard from MBS' Dean, John Seybolt, who introduced our occasional speaker, REA Group's Simon Baker (an MBS alumnus who I've mentioned before on this blog). Baker talked about his top ten business tips that he didn't learn in his MBA (good speech).

Associate Dean Mark Crosby (from MBS) read out the names of the postgraduate diploma and masters students while we walked on to the stage and got our degrees from the VC (with much hat doffing). Crosby did an excellent job with name pronunciations. Associate Dean Ron Slocombe (from the Graduate School of Research) then read out the name and citation of our single PhD graduate for 2008 who, appropriately enough, got the longest round of applause from us mere MBAs when he went to get his degree.

We then had an excellent celebratory lunch at MBS during which we ate, caught up, and met friends' families. All in all, it was an awesome day.

Valedictory Dinner

Oh, and since I haven't blogged about this before let me quickly mention that three nights ago we had our valedictory dinner. This was held at Ormond College, one of the University's oldest (founded in 1879) residential colleges. It also has the most castle-like building on campus, complete with Hogwarts-style dining hall (yes, that's an actual photo from our dinner!):

 

You can read about that, including details of the awards and prized conferred, in a news article on the MBS website (which is also where I got the photograph from).

All I can say now is: All's well that ends well and thus endeth my MBA.

One More MBS Blogger

Add another MBS blogger to the list:

Alanna's been blogging about her Melbourne Business School MBA since October last year but I came across her blog only recently. (Hmmm...maybe I should write a SEO primer for MBS bloggers).

Her blog is both informative and really fun to read so, for all those interested in what the MBS experience is like, hop on down and take a look.

Update: I've started to maintain a list of all MBS or MBS-related bloggers that I know of on a static page on this site. That way, people looking for MBS bloggers won't have to hunt through my old blog posts, they can just look at that one page. (Though I will continue to publish a blog post every time I find a new relevant blogger.)

John Armstrong is MBS' Philosopher-in-Residence

Melbourne Business School recently appointed John Armstrong as our first ever Philosopher-in-Residence.

Though this news was covered in the press, I didn't write about it here because I was really busy at the time and figured I'd mention it later. That later came about yesterday when The Guardian published an article about it. So let me do a quick recap of the news coverage that Armstrong and his appointment at MBS have received so far:

Though Armstrong hasn't started teaching his own courses yet he did guest lecture in our Business & Sustainable Development course which was both fun, as guest lectures always are, and eye-opening, if you hadn't yet looked at consumption from that point of view before.

Now that I've graduated, however, I won't be able to attend any of Armstrong's courses. Fortunately, he has given talks to MBS alumni in the past and I hope he will do so in the future as well. Regardless, I wish him all the best and hope he makes the students graduating from MBS better thinkers, philosophers, and, ultimately, leaders.

Keeping Things in Perspective

I don't know who wrote this but a friend sent it to me some years ago. I figured it was worth posting here :)

Keeping Things in Perspective

An American businessman was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna.

The American complimented the Mexican on the quality of his fish and asked how long it took to catch them. The Mexican replied that it only took a little while. The American then asked why didn't he stay out longer and catch more fish. The Mexican said he had enough to support his family's immediate needs.

The American then asked, "But what do you do with the rest of your time?" The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life, senor."

The American scoffed, "I am a Stanford MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat with the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise."

The Mexican fisherman asked, "But senor, how long will this all take?" To which the American replied, "15-20 years."

"But what then, senor?" said the Mexican.

The American laughed and said: "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions."

"Millions, senor? Then what?"

The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos."