Archive for October/2007

31
Oct

Empathetic business sense nurtured by disaster

Written on October 31, 2007 by Dirk Hopfl in Live IE

Please find the original text on Financial Times – Business Education

By Mark Mulligan, Financial Times, Published: October 22 2007 09:51 | Last updated: October 22 2007 09:51

Coming from two cultures as diverse as Spanish and Indonesian has its drawbacks: Jamila Bravo Maagdalia says she feels like a foreigner in both countries.

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However, a dramatic series of events not only led to the 31-year-old law graduate enrolling on the EMBA at the IE Business School in Madrid, but also to a reconciliation of her unusual provenance.

After learning of the tsunami that devastated large parts of coastal southern Asia in late-2004, she offered her services as an interpreter to aid agencies. Three weeks later she was on a Spanish battleship with 550 troops bound for Aceh, north-west Sumatra, where an entire city had been wiped out by the tidal wave, and 125,000 people killed.

She remembers the stench of death, and an eerie mist hovering above the flattened landscape around Banda Aceh, the razed capital. Her maternal grandfather was from the worst-affected suburb of the city â?? her mother lost more than 40 relatives in the catastrophe.

One of her most enduring memories of what became two separate missions to the region was the shipâ??s approach to the closest intact port to Banda Aceh.

â??Warships donâ??t have windows, so I couldnâ??t see anything,â? she recalls. â??However, I suddenly got called up to the bridge by the captain, because the person guiding the ship into port didnâ??t speak English. Before I knew it, I was translating directions from Indonesian into Spanish, basically giving orders to the captain on how to berth this massive ship. It was an experience I will never forget.â? It was just the first of a series of challenges during Ms Maagdaliaâ??s three-month stint, during which she pitched into every part of a Spanish relief effort focused on logistics, reconstruction and medical back-up. With fluent Indonesian, English and German, she also found herself acting as an interpreter for relief teams from other parts of the world. One of the most â??enrichingâ? experiences, she says, was translating for Spanish surgeons operating on Acehnese in the shipâ??s fully-equipped hospital.

â??The truth is that most of the surgery was not tsunami-related because this was two or three months after the event,â? she says. â??But we were there with a full medical team, so we invited the locals to take advantage of us.â?

That experience was particularly poignant for Ms Maagdalia, who had always dreamed of studying medicine. The vocation for caring, she said, was born when she was barely five years old, during a holiday with her parents in the mountains north-west of Madrid. On a lonely road one night, the three came across a particularly gruesome traffic accident, in which two young people had been killed on impact. A third person, however, still showed signs of life. â??My parents were torn between racing to the next town and raising the alert â?? and risk letting him die â?? or taking him themselves to the nearest hospital and traumatizing me in the process,â? she says.

â??In the end, they took him to hospital.â?

â??I donâ??t remember anything, but my parents constantly remind me that I decided then and there that I was going to be a doctor.â?

In the end, Ms Maagdalia did not study medicine, despite spending a year in Jakarta preparing for the entrance exams. Instead, her peripatetic childhood and adolescence steered her back to Madrid and a then-novel degree in European Community Law, the final year of which took her to Germany, her country of birth.

To the delight of her father, a career diplomat, she then won an international scholarship run by the Madrid Chamber of Commerce, and worked as a commercial adviser attached to the Spanish Embassy in Johannesburg. From there she went to the European Commission, where she was director of international relations for the EUâ??s @LIS programme, which fosters e-learning and other information technology links between Europe and Latin America. Having already lived or worked in Europe, Asia and Africa, the experience introduced her to another continent, where she spent a year co-ordinating meetings and events.

With the @LIS programme bedded down, Ms Maagdalia returned to the Spanish capital, and to the Madrid Chamber of Commerce, where she worked with the foreign trade team on a series of rolling short-term contracts.

She was awaiting a further renewal in January 2005 when she received a call to go to Indonesia. Her three-month mission completed, she was back in Madrid when the Spanish Red Cross â?? or Cruz Roja â?? convinced her to return to Aceh for another stint. That tour, too, was meant to last three months, but Jamila ended up staying more than a year, helping to co-ordinate reconstruction, health and economic recovery projects. With a vocation for, and expertise in, international co-operation, she returned to Madrid determined to enrol for a complementary masters degree. However, after looking at various options, she opted for an EMBA at the IE Business School in Madrid.

â??Among the many things I had to do in Indonesia, there were administrative jobs such as opening offices, hiring staff, and keeping accounts,â? says Jamila. â??Trying to carry out these functions made me aware of my lack of management skills.â? With no head for numbers, and not one dayâ??s experience in a private sector company, she found the one-year course â??four timesâ? more difficult than she had imagined, even after warnings from graduate friends and relatives. Her humanitarian vision of the world also set her apart from â?? and some times in conflict with â?? most of her classmates, the usual crop of hardened business executives. Jamila became known on campus as â??la cariñosâ?, a good-natured reference to her constant insistence that a strong bottom line does not preclude a little affection â?? â??cariñoâ? â?? in the business model.

â??In the first two months I thought maybe I was in the wrong place at the wrong time,â? she says. But she persevered, finding the environment nonetheless â??fantasticâ? and her co-students â??marvellousâ?, even when forced to defend the value of non-government organisations against their scepticism. In the end, she feels, everyone learnt to accept diverse viewpoints on company management.

Nor has Ms Maagdalia wasted time putting her newfound skills into practice. As business development director for south-east Asia at Excem, a family-owned company with diverse global interests, she has to combine her knowledge of the region and its customs with results-yielding business acumen. One of her current assignments also taps her passion for international co-operation and development.

This involves plans by Real Madrid, the Spanish football club, to open a football academy on the Indonesian island of Bali in the next 18 months. Jamila says the job of co-ordinating talks between the club and Balinese authorities was tailor-made for her.

â??Often in international business, people from different countries never get their projects off the ground simply because each side is seeing the same thing from a different perspective, or because the right words to express an idea cannot be found,â? she says.

â??I act as a sort of bridge because I can understand what the Spanish want and what the Indonesians want, or at least know how to communicate these ideas clearly. I feel like Iâ??ve got something to offer.â?

29
Oct

IE Business School launched recently a new group of programs for professionals with in-deep insights into booming industries or emerging fields of management. These industries and fields are already requiring prepared professionals who can meet the challenges which arise. At the same time, IE feels that there is currently lack of management training opportunities and aims to shorten the supply and demand gap of these specialized profiles.

The IE Specialized Masters are part-time, online programs and focussed on learning to take crucial decisions within a dynamic environments and global context taking into account the specific “rules of the game” in each industry or professional field.

The program structure with 3 face-to-face periods of 1 or 2 weeks intercepted by 2 online periods of 5-6 months grants the participant flexibility to pursue a distinguished master in parallel to professional and personal commitments, without having to leave the habitual place of residence for long periods of time. The online methodology is not new to IE since weâ??re offering programs like the International Executive MBA since 2001 in the same format.

The IE Specialized Masters are designed for professionals with:
- A career focus on a specific industry or area in which they seek to deepen their knowledge and acquire specialized management tools.
- A desire to enter a new industry or area with the knowledge, skills and tools required to take full advantage of opportunities as they arise.

Currently IE Business School has launched three different programs:

Master in Biotechnology Management
The last few decades have seen extraordinary advances in the biotechnology sector. The Master in Biotechnology Management trains future leaders in this emerging industrial sector. It equips them with the knowledge, skills and tools required to meet the challenges in creating and managing firms that operate in this profoundly innovative and highly competitive environment, where the use of extremely sophisticated technology ensures constant evolution. The Master in Biotechnology Management furnishes students with an integrative vision comprising not only purely scientific, technical, financial, and administrative factors, but also a commitment to socially responsible entrepreneurship.

Master in Sports Management
Given the growing presence of the sports industry in societies and economies worldwide, training highly qualified specialists in the field of sports management is a key factor in promoting productive and social environments. From an economic perspective, the sports business moves thousands of millions of euros and involves a large number of sectors – from sports teams to communication and leisure agents – as well as operations related to sporting events. The need for managers and directors with top-level knowledge of the industry is growing by the day.
The Master in Sports Management provides the skills and knowledge you need to successfully meet the challenges facing the broad spectrum of national and international organizations in the sporting industry: teams, clubs, professional leagues, health and fitness centers; sports marketing companies in areas such as sports advertising, sponsorship and licensing, representation of athletes, managing sports facilities and events; and investors and promoters, to name just a few.

Master in Digital Advertising and Communication
This program centres on the pivotal role of the internet in developing relationships between firms and clients, providing a vision that takes you far beyond traditional interruption marketing techniques. The focus here is on the kind of approach that will dominate in terms of advertising in the future, approaches that very few professionals will be capable of adopting.
The Master in Digital Advertising and Communication is a response to the lack of professionals in the marketplace with these competencies. Moreover, the program builds a solid foundation that will enable the creation of an ecosystem within IE, a trend laboratory designed to position the school as a worldwide reference in this field.

â??We are running in the web 2.0 age trying to rethink the future of advertising. This issue is getting bigger and bigger because now we know that the future of advertising is online advertising. In no some many years most of the advertising will be online, and the offline advertising will be like a complement, like a reminder. Due to this, companies need to figure out how to engage in this step of communication, how the advertising is changing between last century and today. From my point of view, this is probably one of the biggest objective of the course, to prepare people to get into this world, to engage advertising in this kind of environment, to prepare companies to think about this and to prepare professionals to be able to move into the 2.0â??x new world and do respectful advertising.â?

Prof. Dr. Enrique Dans,
Academic Director of Master in Digital Advertising & Communication


29
Oct

Am I too old for an MBA?

Written on October 29, 2007 by Dirk Hopfl in Go for IE

This is a question which many prospectives students ask themselves when applying to business school. Masahiro Kikukawa, Japanese, decided for himself that at 39 it is the right time to start this challenge. Masahiro graduated from Tokyo University of Foreign Studies in 1992. During his studies, he worked in the Embassy of Japan in Peru for two years. After graduation, Masahiro joined Industrial Bank of Japan (current Mizuho Financial Group), mainly devoted to M&A advisory business. Please read his opinion:

What are your motivations for studying an MBA at 40?

Masahiro Kirukawa at IE LibraryTo study for an MBA at 40 means that we can study with reference to our own extensive experience. In my case I have 17 years experience in real business world. 2 years working for the government and 15 years for a bank. Throughout these experiences, I have learnt and used Financial Accounting, Enterprise Value, Statistics, Marketing, Human Resource Management etc. Now that I have returned to study I can learn the intrinsic meanings of each of these tools and activities. I think, the academic back ground for these thoughts and tools such as Enterprise Value, Statistics, Marketing will provide me with a wider point of view for business, because there is a big difference between the real business and academic points of view.

I think it is difficult for younger people who don’t already have the experience to learn the intrinsic possibilities of each tool and set of thoughts that are taught in classes, but I can enhance my learning opportunities by referring back to my own experiences. I also hope to be able to provide my classmates with interesting real world examples and ideas that I have gained from my experiences.

After the MBA course, I am looking to use these tools for business in a more rounded manner, considering the greater possibilities that have been laid out by studying the academic backbone.

What are your objectives?
I have 3 concrete objectives.
- First, as I explained the above, I would like to learn the academic backbone for the thought processes and tools that we use in the real business world.
- Secondly, I would like to meet a lot of people who have different values and experiences. People over 35-40, including myself, must manage and educate the junior staff. We cannot remain an individual player in order to manage big business. Team work is vitally important. I am looking forward to meeting a lot of new and diverse people, working with them in the teamwork environment promoted by the MBA. That will give me very precious experience.
- Thirdly, I would like to have time for myself. In Japan, the workload is horrible…. Using this opportunity, I would like to
consider my way of life again.

And I would like to have time with my family in Spain where people enjoy their lives.

What do you think are pros and cons of studying an MBA at 40?
Pros:
1. People at 40 can study the MBA with extensive reference to their own experience.
2. People at 40 have an opportunity to make greater use of the MBA’s know-how very soon (because they have to work as a manager after graduation.)
3. This kind of opportunity is very good for their refreshment of mind and spirit. (People about 40 may have 20 years experience. If we can work until 60, the rest is 20 years. At this turning-point, it is important to consider the business and the life.)

Cons:
1. It is almost impossible to change the industry where they work. (Maybe it is easy for young people to change the
industry using this opportunity)
2. To stay away from the real business means that they are required to make a much greater effort when they go back to the business world. (because the business environment is changing very quickly these days.)
3. It may be difficult to find the next job. (Some Japanese companies are very conservative when it comes to hiring people of this age)

26
Oct

Chinese hot-pot gathering

Written on October 26, 2007 by Yan Huang in IE News

As Chinese, eating is very important part in our life and culture, and it never changes even if we are now in Madrid. This hot-pot place is very well known in Chinese community and almost every one of us has been there at least once (well, I basically go there once per month:p)
This video was our gathering with IE’s new Asian intakes and exchange students. A pity not every one of us was there, but just show you some IE faces :p

26
Oct

Bull Fight @Madrid

Written on October 26, 2007 by Yan Huang in IE News


This was my first time, maybe also the last time to actually “see” the bull fight. For me, the fight was too much, even if it is considered as art, in terms of the move, the power and the wisdom of our human beings (as most of us think so) woven into the whole performance. But here you will only see the pre-fight performance which was nice…

24
Oct

Foreign media having more reports about China

Written on October 24, 2007 by Yan Huang in IE News

china n world.gif
Looking at many of current western media, there are more reports about China, and the topics are very much diversified with positive, negative, neutral perspectives. Citing today’s Wall Street Journal as an example, in its 32 pages of newspaper, 5 reports are about China. Well, from a personal point of view, it is always a good thing to get a third party feedback, positive or negative, to help improve and make adjustments to ongoing situations.
These 5 reports are:
1) “Bear grabs China toehold” in Section “LEADING THE NEWS“, which analyzes the deal of Wall Street titan Bear and Beijing-based Citic’s $1 billion investment in one another.
2) “Challenge for China’s Hu: Local officials” in Section “ECONOMY & PLOLITICS”, which focuses on how the newly formed central government leaders “get solutions into place across a huge and increasingly divided nation” centering on the latest meeting of The 17th National Congress of the Communist Party of China.
3) “News magnate baits Beijing by pairing politics and sex” in Section “NEWS INDEPTH”, which tells stories of Jimmy Lai, Hong Kong Next Media founder and the wealthiest media owner in Great China, who agitates for China democracy and media freedom in his media practice.
4) “Gateway to a China IPO” in Section “THE INTERNATIONAL INVESTOR, which explains how a once little known Chinese B-2-B website Alibaba grew up into an internet company with value of US$1.49 billion, with overtaken control of eBay and Yahoo’s Chinese operations.
5) “China becomes a beacon to the world’s in Section “MARKETPLACE”, which talks about China’s open attitude towards foreign business emigrants with a feature story of an Islamic trader doing business in Yiwu, a city 4 hours south of Shanghai.

24
Oct

Managing a Changing Planet

Written on October 24, 2007 by Dirk Hopfl in Live IE

Managing a Changing Planet

This is title of the 2007 edition of IE Alumni Conference held on November 16 in Madrid. Nobody doubts that natural resources, shifting demographics and new markets/cultures constitute major challenges for businesses in the 21st century.

During the conference there will be panel discussions on topics like Natural Resources: Finding the Right Balance, Environmental Challenges and Future Alternatives, Shifting Demographics: Mapping the World Population, Business Opportunities Derived from Changing Demographics, The new world order. Who’s calling the shots?, New markets, new cultures.
The speakers are coming from international organisations like United Nations, IMF, World Bank, from leading academic and research institutions and last but not least from the private sector.

In past editions the IE alumni conference brought together more than 1000 alumni from 30 different countries and apart from these challenging topics it’s a great opportunity to meet former classmates and make new business contacts.

24
Oct

Written on October 24, 2007 by Dirk Hopfl in Academics, Explore IE

IE Focus NewsletterFor a couple of years already IE publishes each month the academic newsletter IE Focus with the latest articles of IE professors and associates. The topics covered reflect the variety of expertise of the IE faculty and their close links to business. It gives also a very good insight into the academic approach into our Master programs since they are far from being just pure theoretical models, but a lot of realistic up-to-date business knowledge.

In the current October issue you will learn about:

Fernando Torres and the paradox of financial econometrics – Using financial econometrics to predict the future of markets based on past performances may be very fashionable, but does it make sense?

Brazil, a reliable partner and a sound economy – The last five years have seen major advances in Brazil that have led to massive investment there by Spanish companies. Now all Spanish firms need to do is increase their exports to Brazil.

Entrepreneurialism in Spain today: quantity and quality – Slowly but surely the entrepreneurial spirit is taking root in Spain as it becomes a real professional alternative. But there is still one hurdle left, which is to improve the quality of Spainâ??s burgeoning start-ups.

Competitiveness and workers: the invisible link – Low productivity levels are the Achillesâ?? heel of the Spanish economy, the result of a paternalistic mentality that makes the Spanish business community reluctant to give more autonomy to its workers.

The competitive edge of â??speaking in proseâ? – Trying to sell a few good things the company did in the past as corporate reputation is a big mistake that could have just the opposite of the desired effect. If you wish to get this newsletter from now on monthly in your inbox, just register here.

23
Oct

IE professor talking about tax reform in Mexico

Written on October 23, 2007 by Yan Huang in IE News

Mexico.svg.png
For many of us, one of reasons to study in IE is that we take into account IE’s huge talents pool and close business connection to Latin America. If this is your case, have a look at Tax Reform: Mexico Marks the Path by IE professor Rafael Pampillón, who made a through country wide analysis for tax reform in current Mexico.

23
Oct

IE Update in Aspen Ranking 2007

Written on October 23, 2007 by Yan Huang in IE News

aspen.gif
Ok, guys, here is again IE’s Aspen Ranking in 2007.
(Don’t know what is Aspen Ranking?
Check Some General Introduction about Business School Rankings)
We ARE doing GREAT, esp. given that we are the ONLY European business school in the rank out of top 10 business school world wide. Have a look at IE’s MBA program among the top 10 worldwide in Aspen Institute’s sustainability ranking

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