The Wharton School of Business, founded in 1881 in Philadelphia has expanded its borders: West to San Francisco and the campus in the center of the city’s business and financial district; and East, to Fontainebleau, France, and Singapore.

These three campuses, Philadelphia/Fontainebleau/Singapore,  compose the Wharton-INSEAD Alliance and joins two international leaders in business management and finance education to create a resource incomparable in its global reach, access and knowledge with which it can share with students, faculty and business executives in the global arena.

Taek Jho Low, as a graduate of the Wharton School, benefited from the great resources this unique institution offered.

I’ve spent  the last two days,when I supposed to be writing my essays to meet the R2 deadline for INSEAD,reading other INSEADers blogs.They range from I love INSEAD but hate the cliques to I love INSEAD and the founder’s grandmother and her little poodle.Why have I been reading those blogs? Because I am broke,and cannot take a trip to france or singapore to visit the campus,meet these (i’m sure) delightful folks and hear what’s there on the website,straight from their mouths! Yes,the live audio version would be really good I bet.So I decided to stalk them through their blogs,and read what they really think –some still hoping they are as anonymous when they started -hoping their rants are not traceable..other’s not giving a flying fuck about what you know about them,and yet others who again,reproduce the INSEAD website on their blogs.Oh yes I am very,very judgemental.

Whatever those blogs said,I think INSEAD would be the place I want to go-yes the foul mouthed,illegal substances loving ,rude but thinking she is real witty  me. I cannot for a moment think why they wouldn’t want me–oh right,they are full of people like me already..hmm.Diversity my cute little ass.

Today I met up with someone who is currently applying to quite a few 1-year executive MBA programs. He has applied to the PGPX programs at the IIMs, and was recently invited to an interview. He is also thinking of applying to Nanyang (Singapore), as well as other programs in south-east Asia. We briefly discussed about US programs, but agreed that it would not be possible for most of us (including him) to arrange for the kind of funding needed for them (therefore, INSEAD, IMD and Kellogg are out).

[Note: Here, the term executive MBA program is being used very loosely. PGPX is certainly an executive MBA program, but many others that we talked about, such as Kellogg and Columbia, are not. His primary goal is to be able to get into a 1-year MBA program, and since he has quite a few years of work experience, is not looking at conventional 2-year programs.]

Unlike BS, MS and PhD degrees, an MBA is not simply a course of study. More learning takes place from fellow participants than professors. A lot of the learning is experiential, and classes teach hard theory as well as soft skills. Brands matter for most degrees, but it matters even more so for an MBA degree. Of course there are guys who have never graduated school or college, and therefore have no education worth the name, who lead multi-billion dollar organizations (a single look at the Forbes list of billionaires will prove my claim). However, such people are considered outliers, and if you, the reader, are taking the time to read this post, it might be safe to assume that you are not (and probably never will be) be one of them (for some reason, I can never imagine Bill Gates, Michael Dell, Steve Jobs or Lawrence Ellison reading my posts!). For people like us, it makes a lot of sense to go for a brand-MBA degree. After all, on an average, a HBS MBA fares better in life than one from say Ohio State University. A disproportionate number of heads (CXO level officials) of Fortune 500 companies are graduates of super-elite business schools. McKinsey has a very large number of HBS and INSEAD graduates, and every other banker on Wall Street seems to be either from Wharton or Booth (University of Chicago). Many top IT companies are headed by graduates from Sanford GSB and MIT Sloan, while in “industry”, you can find usually find a homogeneous mixture of HBS, LBS and INSEAD graduates. The point that I am trying to make, which is obvious by now, is that it does go a long way to do an MBA from one of the top business schools.

Interestingly, though this guy is spending sleepless nights thinking about how best he would be able to arrange for funds, should he be accepted to Nanyang, he said that the most difficult part of the application process, apart from spending hours writing essays, is getting his recommenders to write so many recommendations. When I told him that he could as well apply to Kellogg, he said that his recommenders would probably not entertain him any further.

I hope everything finally works out fine for him, and that he is able to get a loan to at least cover his tuition and basic living expenses.

Only at INSEAD can you literally say this word (if this is a word at all) …

P2 definitely started off with a bang and before you know it we have had 3 major INSEAD events in just 3 weeks – The INSEAD Olympics, The Monsoon Ball, The DASH !!! Does it get any better and crazier than this … I shall answer that for you – NOOOOO!!!

To top it all, we have 6 courses with insane course load this period and the cherry on the cake is that I have booked travel plans for every single weekend. Now you know what I mean by endlessness. The frenzy never ends and the weirdest part is that I don’t really want it to end. For every minute that I have nothing to do (which is a very very rare occurrence at INSEAD), I feel like I am not being productive and worry about not running around like my head’s cut off.

Some of the best moments so far have come from in-class discussions … ever heard your prof say “When you go to Jail, Prisoner’s Dilemma takes on a whole new meaning” or “If you are in Belgium then you can’t really accelerate fast enough before you are in another country” or “There is only one goal in life – to make money”…

Oh and how can one ever forget the National Week Bidding Night. My fellow INSEADers reading this know exactly what I am talking about This year saw the wildest and fun-nest National Week Bidding in history with Iberia winning the top spot. Here’s hoping for more of the endlessness and surviving it all …

Working out a financial package to support oneself through an MBA is a daunting task. It is particularly difficult for students from developing and third world countries. I personally know people who have graduated from top 5 US business schools who had to come back to their own country (which happens to be a third world country), and therefore earn in in local currency and pay back their loans in US dollars. In many cases, the EMI of their loans is more than their salary. Added to the problem, when they took the loan, they had put up their homes as collateral. For them, the situation could not have been worse – they have old retired parents at home to support, a home that is not theirs until their loans are paid off, and a job that is paying them in local currency, which when converted to US dollars, turns out to be a paltry figure. Contrary to the picture Financial Times MBA rankings might project, I know a few Indian School of Business (ISB) graduates who had no other option but to accept jobs that are paying them almost the same salary that they used to get before their MBA, and repaying back their loans is proving to be a daunting task.

I was going through Businessweek.com forums where I came across financial aid-related posts, many from admits to INSEAD, who might not be able to attend if not awarded a fellowship. I think that for a school of the stature of INSEAD, there should be a suitable program for international students to be able to receive a loan without a cosigner. For an international school that attracts students from all over the world, which includes a great number of third world countries, it is imperative that such a program exist. HBS, Wharton and MIT Sloan have such loan programs, and therefore their students don’t face the kind of problems that INSEAD admits do. The possibility of a Wharton graduate not being able to find himself a job on Wall Street, and therefore having to come back to India, is of course there. But it feels bad to see so many students not being able to join INSEAD just because they don’t have adequate funds, and therefore forever wondering what it would have been like to have an INSEAD MBA. Maybe a few of such applicants would have ended up like a Wharton graduate with a job in India with hefty EMIs to be paid at month-ends, but still that is better than being accepted to INSEAD but not being able to attend just because of insufficient funds.

Over the next year or two, as the economic situation improves, many schools should be able to work out suitable loan programs for international students who don’t have a cosigner. However, it does not look as if that will happen anytime soon for the current admits (class starting Jan 2010) to take advantage of. Hopefully the situation will be much better when I apply.

BrightSight Group speaker and author Elizabeth Teisberg was recently interviewed by INSEAD Knowledge. Professor Teisberg discusses her book, Redefining Health Care: Creating Value-Based Competition on Results.

Of late, I have been giving a lot of thought to which schools I should target when I am ready for my MBA. Though I will be applying a few years from now and probably the list will change many times during this period, it helps to have a list to start with.

There are a few assumptions that I made before starting to type this post – that I will be able to attain a score of 700+ on the GMAT, and that class profiles for top MBA programs would hold true even after a couple of years (after all, nothing much changes in a few years’ time). Whatever I am going to state in this post is totally my opinion, and as is true for most things of this nature, what works for me might not work for someone else. Now that I am done with the disclaimer, on to the list.

The first schools that I seriously considered were Harvard and Stanford. However, keeping my age in mind, I am thinking of dropping both. Of the two, Harvard looks for leadership experience. For an applicant who is 26 or 27 years old, they might be looking for leadership potential, but for someone who is around 30, they would be looking for real-life leadership experiences. I believe that this is one of my strong areas, and would probably not be too much of an issue. However, what I am worried about is that for someone close to 30 (which is quite a few years above their class average), they might be looking for stories that changed the world (such as resolved conflict in Darfur, initiated the process of dismantling nuclear weapons factories in Iran, or helped restart talks between North Korea and USA). Of course the three examples of changing the world were totally made up and I guess no one in HBS has done such amazing things. For someone who has done something along the lies of the hypothetical examples I have stated, he would not need an MBA to advance in life. For Stanford, the requirements, if I can use that word loosely, are leadership experience (not to the extent of Harvard, but not much less either) and instances of having done life altering things (similar to what HBS expects its older participants to have). After having spoken to alumni of both schools, it is very clear that Stanford is more selective, and that each of its MBA participants has a fascinating story to tell, which is not true of HBS to the extent that it is for the former. For these reasons, both of these schools are off my list for the moment. If I am able to resolve the conflicts in Afghanistan and Pakistan in the next few years, I will include both in my list!

MIT Sloan was the next school that I looked at. In my opinion, this is a fantastic school that is overlooked at times (I can’t help but wonder if that is because it is overshadowed by a little known school across the river). To me, it is a really good school, especially because of the emphasis it puts on technology. From what I have heard, the participants at this school are expert number-crunchers and outright brilliant, and being able to make it in would be nothing short of a great achievement. According to some, the weight that an MIT Sloan MBA carries is nothing less than one from HBS or Stanford. For now, it remains on my list.

Wharton comes next. I believe it is an all-round good fit for me. They seem to respect and value the experience that that a few more years of work brings in its participants (as compared to HBS and Stanford). They are balanced in their expectations (you don’t need to have eradicated poverty from the face of the earth to be able to get into the Wharton MBA program) and fair in their final selection of applicants.

Another school on my list is IMD Switzerland. Though according to many, it is more of a regional school, it is not too far from the top ones in terms of the graduates’ salaries, employment at 3 months after graduation, and such other criteria. Age-wise, this school is a perfect fit. I plan to keep this as a safe school. Of course given the huge number of factors that are looked at while evaluating an applicant, no school can really be called a safe school. However, IMD does not carry the same weight as a couple of other schools (INSEAD and LBS), and therefore, I will consider it to be an “easy reach” school.

The last school on my list, which is actually my first choice, is INSEAD. Considering my profile, experiences, expectations and post-MBA job preferences, this school is a perfect fit for me. I have always wanted to go for an MBA program that is of 1-year duration, where the student body is very diverse and has substantial varied work experience, learn a new language during the time, and also squeeze in a short internship. Post MBA, I would like to work in Europe, for one of the top consulting firms, and after a few years, establish my own company. Considering all of these, INSEAD is such a great fit for me that if it so happens that I get accepted to INSEAD, HBS, Stanford and Wharton, I will choose to attend the first.

As I have already stated earlier, this list is bound to undergo many revisions. What I am a little concerned about is that maybe I am not considering a few other schools, which would also be good fits for me, that I should. If anyone can help me add to or modify this list, please leave a comment.

It is human nature to strive to find meaning and purpose in our lives and to strive to improve not only ourselves, but  the way we do business, the tools we use  and the way we live.   Innovation is the thought or action which allows new thoughts or things to evolve beyond our current standards and hence produces those very improvements we strive for.

Corporate and small business innovation leads to new products and technologies, new business processes, new ways of empowering and rewarding individuals, new ways of enhancing customer service and  new ways of growing our markets.

Technology continues to evolve in exciting ways:  products are faster, cheaper, smaller  and provide infinitely more useful applications.  Technological innovation provides new health, transport, communication and other technologies which immeasurably enhance our lives.  Web 2.0 and cloud computing has provided new ways to integrate, network and communicate. Personally I wonder how I survived, or kept in touch with family, friends and business connections without my iPhone, Google, Facebook, LinkedIn, Twitter and blogging applications. Now with SaaS applications  and my iPhone I can run my business from home, Ayers Rock or the Eiffel Tower.

However it is innovation in societies which is most exciting.  Social innovation is leading  to a fundamental shift in values resulting in significant global gains. The Global Financial Crisis has caused a global rethink of values and an explosion in the number of social and philanthropic entrepreneurs who are making a significant and passionate contribution to society.

Social entrepreneurship is now one of the fastest growing sectors in post-graduate business education.  INSEAD now offers MBA’s and PhDs in social entrepreneurship as do numerous other leading educational institutions. The Skoll Foundation defines social entrepreneurship as pioneering “…  innovative and systemic approaches for meeting the needs of the marginalized, the disadvantaged and the disenfranchised – populations that lack the financial means or political clout to achieve lasting benefit on their own.”

Technology combined with entrepreneurship is providing innovative, constructive solutions to the social discord caused by  poverty, fear, ignorance, war, environmental degradation etc.   There are simply thousands of examples of investment in humanitarian businesses and community organisations whose raison d’etre is making a contribution to the society and the environment in which we live.

Organisations such as Kiva are helping to alleviate poverty by matching non-profit “investors”  with borrowers who would otherwise have no means to  establish self-sufficiency. “Kiva is the world’s first person-to-person micro-lending website, empowering individuals to lend to unique entrepreneurs around the globe”.

CDI, the Centre for Digital Inclusion, was started by Rodrigo Baggio when he was still at school and noticed the disparity in access to technology in his home city of Rio de Janeiro.  His initiative to  help disadvantaged people use technology to improve their communities and their lives has now evolved to providing “753 “Technology and Civic Engagement “ schools in 10 countries in Latin America, Africa and Asia. CDI has helped transform more than 1 million lives.”

Philanthropic foundations and responsible corporations are also enabling innovative and sustainable health, agricultural, education and economic initiatives in the poorest communities and countries, as well as assisting the under-privileged in economically advanced countries. The Bill & Melinda Gates Foundation has global initiatives to improve health, develop agriculture and improve access to technology and education. They also have a significant program to provide education and a start in life for under-privileged students in the USA.

Social and technological innovations provide us with the means to achieve meaning and purpose and make our lives worth living by contributing  within our  own communities and to society as a whole.

Canal de intermediação das entidades com o movimento do empreendedorismo inovador, rede é lançada nesta quinta-feira, 15/10, com 51 incubadoras associadas.

As 51 incubadoras representam um universo de mais de 800 empresas incubadas. A rede tem como objetivo fortalecer o movimento do empreendedorismo inovador por meio de ações técnicas, políticas, institucionais e gerenciais, influenciando diretamente as empresas incubadas.

De acordo com Sérgio Risola, presidente do Conselho Deliberativo da Rede e também diretor executivo do Cietec – Centro de Inovação, Empreendedorismo e Tecnologia, a Rede será uma importante ferramenta de incentivo ao movimento do empreendedorismo inovador. “A RPI está formalizada com total apoio do Sebrae-SP que já oferece ao estado de São Paulo um suporte bem estruturado a essas entidades e às empresas nascentes com relação, principalmente, às ferramentas de gestão e capacitação profissional”, comenta Risola.

Outro importante papel exercido pela RPI é atuar como um canal político de interação com a Anprotec (Associação Nacional de Entidades Promotoras de Empreendimentos Inovadores) e outrasa entidades e agências que apóiam o movimento, como CNPq, Sebrae-SP, Finep e BNDES. O presidente da Anprotec, Guilherme Ary Plonski ressalta a importância da rede no estado de São Paulo. “Essa atividade mais integrada e facilitada proporciona o compartilhamento das boas práticas e experiências, dando maior visibilidade ao movimento das incubadoras. Certamente, será capaz de inspirar instâncias, instituições e municípios a gerar os espaços de novos empreendimentos”, declara Plonski.

O diretor-superintendente do Sebrae-SP, Ricardo Tortorella, também enfatiza que a Rede Paulista de Incubadoras contribui ainda mais na transformação de ideias em negócios e auxilia no desafio de gerar oportunidade e desenvolvimento. “O trabalho em rede facilita a troca de informações da experiência vitoriosa da incubação de empresas aos empreendedores e cidades paulistas”, comenta o diretor-superintendente.

Primeira ação da Rede Paulista de Incubadoras - Entre 16 e 18 de março de 2010, acontece a primeira grande ação da RPI, a InovaBrasil, feira que mostrará uma importante face do empreendedorismo inovador. Esse evento tem o apoio do escritório regional do Sebrae de São José dos Campos.

A InovaBrasil, que ocorre no Parque Tecnológico de São José dos Campos, tem como objetivo principal gerar negócios, facilitar a aproximação das empresas incubadas com o mercado corporativo, proporcionar a troca de informações e fortalecer a imagem das incubadoras e dos parques junto aos agentes públicos e privados.

Também durante o evento ocorrerá uma rodada de negócios promovida pelo CIESP e FIESP. Entre as empresas confirmadas como âncoras estão: Kodak, GM, Johnson, Nestlé, Ericsson, entre outras.

Fonte: IPNews

The Beacon Review Daily highly recommends a new book by J. Frank Brown, the Dean of INSEAD. Below is an excerpt review:

“A lot of people talk about leadership and not that many actually do it,” Brown said in an interview with INSEAD Knowledge.

In his book, The Global Business Leader: Practical Advice for Success in a Transcultural Marketplace, Brown lists the hallmarks of leadership: openness, integrity, humility, a view of the present and the future, an optimistic outlook, the proper use of authority, and an understanding of personal and organisational objectives.

‘Transcultural’ leaders at the helm of international companies also need to be sensitive to other cultures and national differences. That means leaders today need to be willing to explore and travel. They need to be curious about other people and customs.

Before class: “we get the quiz back today, I think I did well on it. I did study for this one “
Quiz in hand: “what happened here? Looks like studying has a negetive autocorrelation to grades “
If anyone has a better way of turning this relation around, we need to talk… Before the finals…..

INSEAD, one of the top European business schools, has released its ‘Top Ten Articles’ for the third quarter. Heading the list is ‘A Practical Guide To Innovation’.

Author Professor Robert Goldsmith starts his commentary with: “What does innovation mean? It used to relate mainly to products, and that’s still important. But over the last decade or so, businesses have been putting more and more emphasis on innovating new services and business models as well. In light of this, it’s time companies take another look at how they manage innovation.”

His comments echo several articles on this blog, highlighting the implications of the shift from a product-based world to one where solutions and services dominate. When Goldsmith calls for new ways of managing innovation, he confirms the opportunity for those who are engaged in contracting. If you study his examples, many depend on forming the right alliances or negotiating rights from third parties.

His observations include: “Most of the information about managing innovation available today is siloed, addressing specific issues such as technology or finance. But as the boundaries of innovation expand, more managers will need practical knowledge and tools that transcend these functional silos.”

Once again, the experience of the contracts community in taking cross-functional perspectives and reconciling their differences provides the potential for a key role in the innovation process. But this demands a readiness to move beyond the transactional and to become far more embedded in product development and product lifecycle management. 

A few of the most admired contracts groups have made this transition – som eby design, others by accident. But whereas a transactional focus slows the business and makes contracts appear negative, a product lifecycle focus ensures that offerings are brought to market with the right value-add capabilities.

It is true that in theory this efficiency would require less contracts staff. But the reality is that the groups providing value are the groups that find themselves growing. Innovation should be a keyword for anyone in contracts if they want a career.

Now I know exactly what the INSEADers mean when they say “these would be the quickest 10 months of your life”. I have been wanting to update my blog and I just cant find the time. As I write this post, in the back of my head there is this noise asking me to start studying for the finals (yes we do study at INSEAD). Ignoring that noise and moving on, let’s catchup.

Following Bintan, I made a trip to Bali (for my birthday weekend) and Bangkok last weekend. I hate to say this but Bali was rather disappointing in a lot of ways. It is one place where tourism is being over-exercised and everything is over-rated because locals know tourists will fall for any sort of crap. My highlight for the Bali trip was surfing. My first ever surfing lesson – I brilliantly bruise myself on my already bruised knee – crash into another learner – and manage to stand on the board for a full 3 seconds :| I have admit that the red flags all over the beach displaying skulls did not make it any easier mentally. But if you are in Bali, I highly highly recommend that you take one of these surfing lessons and hit the waves (mostly high-tides and very strong). Another place that I highly recommend is Kudeta which is right by the beach and has an amazing DJ and open space serving delicious food. Trying out some of the local restaurants is definitely a unique experience and so are the rice terraces. Overall, I think Bali is way over-rated and I would much rather go some place more untouched.

Moving on to Bangkok – in one word, F@$#*%^ AWSOME. Ok that’s two words. Bangkok deserves a post all for itself so I going to leave out details about that one in this post.

In terms of INSEAD, life is good. This is really as good as it gets. Partying, traveling, great people. great food, great apartments with amazing pools, and lots of fun stories. Its been 2 months since I landed in Singapore and this place never fails to amaze me. There has not been a single day when I went to bed and didn’t think “hmm… that was an interesting day, definitely a first”. 2 weeks ago was the first time I saw the library so packed with students, of course the midterms were around the corner but I had almost forgotten that there was a studying aspect to me being here. It’s amazing how everyone found it difficult to go back to studying after being complete party animals for the most part of P1. I must say that the midterms were a good kick in the @$$ reminding me to study harder. I started INSEAD “wanting” to be on the dean’s list but now that I think of it, I don’t even want to consider being on it. There are way too many people who can easily breeze through the courses and land on that list, while I struggle to study day and night. The dean’s list is essentially the top 5-6 people in every section and I know that I don’t stand a chance in my section so why bother and torture myself. Plus I love my social life too much

Last week’s highlight was campus bidding. My-oh-my. Disastrous. Enough said!

The deadline for acceptance for R1 at INSEAD was the 5th of June. I’d read somewhere that people start receiving calls a couple of days before. I decided to check out the BW MBA forum for any activity on Thursday morning and was surprised to see that a few people posted that they’d received calls and were accepted.

It was really stressful to wait through Thursday and not receive a call but early Friday morning, while at work I received a text message. I started getting excited, wondering if it was a voicemail from INSEAD. I opened the message and it was indeed a voicemail. It was really great to hear the admissions co-ordinator telling me that I’d been accepted to study at INSEAD in January 2010.

Next steps are to investigate financing options. Its really daunting to have to raise much of the amount required for the fees and living expenses in the next 5 months, especially because a large deposit (in developing country terms) is required by the end of the month.

Bos Kelompok Kriminal hingga Pejabat Kepolisian Jadi Dosen Tamu
Kamis, 01 Oktober 2009

http://jawapos.co.id/

Suap, birokrasi, dan hukum menjadi tiga isu utama yang menghantui perjalanan karir para pebisnis Rusia. Tidak ingin terus-menerus diteror, sejumlah pebisnis papan atas Moskow menciptakan program MBA khusus untuk menyiasati tiga isu tersebut.

PROGRAM itu diperkenalkan di Moscow School of Management Skolkovo. Lewat jalur pendidikan tersebut, diharapkan lahir generasi baru pebisnis Rusia yang tangguh dan siap menghadapi ketidakpastian. Termasuk pasar ekonomi yang tidak luput dari tindakan korup. “Kami bukan ingin mengubah seluruh teladan yang ada sekarang,” ujar Dekan Wilfried Vanhonacker, seperti dilansir Business Week kemarin (30/9).

Vanhonacker menegaskan bahwa tujuan utama program MBA tersebut bukanlah untuk menyaingi Harvard University yang lebih dulu berkecimpung di ilmu ekonomi. “Harus saya katakan bahwa mereka (Harvard) mengajarkan sekolah bisnis kuno kepada para mahasiswa. Itulah sebabnya, sekolah bisnis masa depan harus benar-benar berbeda,” lanjut mantan direktur program PhD pada sekolah bisnis elite Prancis, INSEAD.

Menurut dia, model pengajaran ekonomi di sekolah-sekolah bisnis saat ini tidak mencetak tenaga siap pakai. Karena itu, para lulusan sekolah bisnis tidak bisa langsung dilepas ke pasar begitu menamatkan studi. Padahal, perekonomian dunia memberikan kesempatan yang paling luas kepada generasi muda untuk berkarya dan berprestasi. “Sejauh pengamatan kami, sampai sekarang belum ada sekolah bisnis yang serius menggarap bakat semacam itu,” ungkapnya.

Sebenarnya, pembangunan gedung futuristis kampus bisnis di pinggiran Kota Moskow tersebut belum rampung. Proyek yang menelan biaya sekitar USD 250 juta (sekitar Rp 2,4 triliun) itu masih terus berjalan hingga kemarin (30/9). Meski demikian, kampus bisnis tersebut sudah memberlakukan full-time studi mulai bulan ini. Untuk sementara, program MBA yang dikreditkan selama 16 bulan berlangsung di hotel bintang lima Baltschug Kempinski di dekat Kremlin.

Selain program MBA, Skolkovo mengajarkan teori ilmu manajemen. Untuk menjadikan teori tersebut lebih mudah dimengerti, kampus sengaja mengundang sejumlah pebisnis sebagai narasumber. Dengan demikian, mahasiswa bisa belajar tentang teori sekaligus aplikasinya dalam dunia nyata. Sementara itu, dalam paket program magang di perusahaan-perusahaan besar, Skolkovo menyelipkan agenda pemecahan masalah bagi para mahasiswa.

“Ini adalah program belajar sambil praktik. Bukan belajar sambil akting atau bermain,” tegas Serge Hayward, direktur program MBA Skolkovo. Karena itu, setelah tiga bulan mempelajari teori ilmu manajemen lewat tatap muka di kelas, para mahasiswa dikirim ke instansi pemerintah atau perusahaan besar. Bukan hanya lembaga pemerintah atau perusahaan yang ada di Rusia, melainkan juga di Tiongkok, India, atau Amerika Serikat (AS).

Untuk memperluas wawasan bisnis mahasiswa, Hayward berencana mengundang tokoh-tokoh publik sebagai pembicara dalam seminar atau mata kuliah bisnis. Mereka yang bakal segera dilobi adalah pejabat-pejabat penting kepolisian, petinggi perusahaan penyedia jasa keamanan, bahkan bos organisasi kriminal. Rencananya, mereka diminta memaparkan topik tentang tantangan manajemen.

“Kami lebih memilih menempatkan mereka (mahasiswa) dalam lingkungan nyata yang memengaruhi kinerja mereka ketimbang berbicara panjang lebar tentang lingkungan kepada mereka,” lanjut Hayward. Dengan demikian, Skolkovo menghadirkan kejutan-kejutan dunia kerja dalam rentang studi anak didiknya. (hep/ami)

Time is money. For people who believe this, one year MBA programs present a good way to get management education within optimum time duration.

Many b-schools across the world offer full time MBA programs of 1 year (12-16 months to present the complete range) duration. Many of these are from highly reputed schools. While these programs are more hectic than the regular 2 year MBA curriculum, they generally are smaller variants of the 2 year programs. For example, many of these programs come without a summer internship. Number of class hours is definitely less. Moreover, these 1 year programs are primarily aimed at people with a certain minimum work experience.

Here is the list of some top 1 year MBA programs. Please note that these programs are in no particular order as the rankings by various sources – US News, The Wall Street Journal, Princeton Review, Financial Times (FT) and BusinessWeek – show a fairly wide range of variation. However, you can definitely count these amongst top one year programs.  Some programs are famous for specific specializations and this has been highlighted, as applicable.

Kellogg School of Management: This is a program designed for those who have done their undergraduate or graduate degree in business education. The duration is 12 months and the cost is about USD 60,000

INSEAD: This is a 10 month program, offered in 2 campuses and with two start dates (August and January). INSEAD has campuses is France and Singapore. The choice of campuses depends on multiple parameters including language, preferred areas one wishes to work in and the number of opportunities in each region.This top rated program costs approximately $ 78,000

Babson (Massachusetts, United States): For all entrepreneurs or aspiring entrepreneurs, Babson is probably the best for post graduation in management education. You should be a graduate in business domain and possess a minimum of 2 years of work experience to be eligible for this program. This also costs lower as compared to the average cost of 1 year programs – $ 53,000

Instituto de Empresa (IE) Business school, Spain: This school in Madrid offers International MBA program with 13 month duration. One must be prepared to learn some Spanish. The cost of this program is approximately USD 76,000

Said (Oxford): Said offers a one year program which starts in October. The cost of this program is about USD 65,000

Johnson school (Cornell University): This is a one year accelerated MBA program which starts in May. If you are a graduate in science and/or technology field, this program makes the right choice. You would need to spend about $ 68,000 for this course.

Judge (Cambridge University): Located in the heart of a large number of organizations in technology domain, Judge offers a 12 month MBA program which costs approximately USD 64,000

ESADE (Spain): This is a 12 month program which starts relatively early (April) as compared to its counterparts. An apt choice for somebody who is an undergraduate or graduate in either of these domains (a) Engineering (b) Business/ Economics

Goizueta (at Emory University): This 12 month program looks for people with a good amount of work experience. One year MBA at Goizueta is also one of early starters as the program begins in month of May. Expect to shell out about USD 60,000 for the same.

Please note that:

• There are a few other programs (For example those offered by offered by University of Florida and Cranfield school of Management (UK))  which are not a part of our list.
• There are other 1 year programs offered as executive MBA. These programs typically need a fairly high level of work ex. Some schools which offer this type of program are UCLA, Michigan and USC
• The average age for these one year/ accelerated MBA programs is typically 28-29 years and the GMAT scores typically range from 640-760

Insead, introdujo el concepto de gestión global (global management), demostrando que una escuela independiente y privada de negocios pueden funcionar fuera del sistema universitario en Europa.

Insead lleva 50 años revolucionando el mapa de los MBA en el mundo. El 12 de septiembre de 1959, un grupo de 57 hombres recién graduados de la escuela de negocios de Harvard decidió fundar una escuela de negocios que desde el principio fuese internacional. Insead nació formando parte de la reconstrucción de Europa, a poco más de una década de finalizada la Segunda Guerra Mundial y recién nacida la Unión Europea.

Insead creó y legitimó el MBA con un año de duración, con la mitad de tiempo y costo que los MBA tradicionales norteamericanos, e introdujo el concepto de gestión global (global management), demostrando que una escuela independiente y privada de negocios pueden funcionar fuera del sistema universitario en Europa.

Esta independencia del sistema universitario dio a Insead la fuerza que hoy posee, con una visión emprendedora e innovadora que atrajo a la comunidad empresarial internacional. La escuela funciona como un negocio dispuesto a tomar riesgos para reducir pérdidas. “Nos hizo tener una visión empresarial y estar más cerca de los negocios”, dijo Claude Janssen, uno de los fundadores de la escuela.

Hoy, las escuelas de negocios líderes del mundo todavía no puede igualar la diversidad cultural que Insead ha establecido desde el principio. “Decidimos que no más de un tercio de los estudiantes de cada facultad podría ser de una nacionalidad”, afirma Janssen, refiriéndose a los campus de Asia (Singapur) y Europa (Francia) y los dos centros en el Oriente Medio (Israel y Abu Dhabi).

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