23
Aug

How to avoid the next financial bubble: IE Finance Masterclass

Written on August 23, 2013 by Dirk Hopfl in IE News

If you have invested in the stock market or worked at a public company from 1998 through 2012 you have experienced two large bubbles and the aftermath of their bursts. Bubbles can have long lasting and spectacular effects on businesses and individuals. Learning about these and other bubbles may help your firm better prepare for the next burst, which may include the ending of US quantitative easing and its impact on emerging market capital flows.

If you have suffered the consequences of financial bubbles at your job or personal life we would like to help you get prepared and invite you to learn how to prevent the negative consequences of future bubbles. Come and join us:

Date: August 28, 2013
Time: 1:00pm (Madrid time), 7pm (Singapore time)
Registration: IE event page

During this virtual Masterclass Prof Dr Kevin Spellman will highlight the following topics:
• List the steps to bubbles
• Describe the relationship of financial markets and bubbles
• Learn how government policies impact bubbles
• Analyze past and present bubbles

ABOUT THE SPEAKER

Since 1993, Dr. Kevin Spellman performed investment research and managed pension fund (State Teachers Retirement System of Ohio) and mutual fund (CUNA Mutual) assets using a variety of investment approaches. He is a consultant in asset pricing, behavioral finance, and quantitative investments, and worked for firms such as Accenture and ISI Group (top firm for macro/strategy). Since 2000, he has taught investments and various areas of finance and forensic accounting at universities in the US and Europe.

He is a director of a very rigorous Investment Management Certificate Program at the University of Wisconsin-Milwaukee, and is a professor and director of the Investment Game at IE Business School. He has a PhD in behavioral finance from Durham University (UK)(2009), MS Finance from University of Wisconsin-Madison (1994), BS Finance from the University of Wisconsin-Lacrosse (1992), and is a CFA charterholder (1997).

21
Aug

IE Entrepreneurs – Execution is key

Written on August 21, 2013 by Dirk Hopfl in IE News

Gessica Lomonte, MIM 2012, works as a Marketing Manager at cuaQea, a technology startup.

How many times have we read or listened to someone saying that if you have a good idea, the results will come? Well, sorry to say it is not really the case. Having a great idea is key, but knowing how to execute your idea is of paramount importance. In a startup context there is no road map to success, on what to do next, very often you need to make decisions very quickly and foresee if the course of events needs to be changed because it is not giving you the results you expected. You must be willing to take risks and adapt to changing environments and circumstances because not always everything goes as planned.

That being said, you depend on the resources you can make use of, namely time, cash and people. Time can be a constraint and you might be forced to balance the need to build up a detailed picture regarding customer needs against the desire to make decisions quickly. We all know that “cash is king”, no company can think of long-term growth and scalability if it lacks the main resource to make the necessary investments. However, what really makes the difference is the team. Your colleagues are the ones who share your vision and help you turn it into a vivid picture that the rest of the world can see. That is why you must trust your team, empower people around you and be smart enough to know how to capitalize on everyone’s strengths. Each one of the above mentioned affect your future as an entrepreneur, and if just one of them is missing, or it is not correctly “functioning”, that could have a negative impact on your company. The idea is just the starting point, the team behind the scenes is what helps you execute your vision, the available resources you have help you accomplish your objective, but it’s a combination of them all what either makes you a dreamer or a real entrepreneur.

First published on the Master in Management Blog.

 

16
Aug

IE Executive MBA ranks 2nd worldwide

Written on August 16, 2013 by Dirk Hopfl in IE News

IE Business School holds the No. 2 position worldwide in the ranking of Executive MBA programs drawn up for the first time by The Economist. This achievement further consolidates IE’s position as one of the world’s leading business schools for senior management education. The Kellogg-Schulich Executive MBA run jointly by Northwestern (Kellogg) and York (Schulich) heads the ranking.

The Economist evaluated IE Business School’s Global Executive MBA, an English-taught program aimed at international managers, with onsite periods in Spain, Singapore, the US, and Brazil. The ranking was based on the opinions of 8,400 Executive MBA graduates from business schools around the world who were asked about aspects that included quality of the school’s faculty, diversity of the student body, networking, salary increase and career progression.

IE Business School Executive MBA programs are run in both face-to-face and blended formats, and offer English-taught and Spanish-taught versions. This academic year saw the launch of IE’s Executive MBA+, which integrates the management education provided by an MBA program with modules focused on specializations in the fields of Advanced Global Management, Entrepreneurship, Corporate Finance, Marketing and Sales, Digital Innovation and Technologies, and Healthcare Management. Executive MBA+ students can do the core MBA program and/or the specialization module in either English or Spanish, in weekly onsite format and/or bi-weekly blended format. This system is unique to IE and permits students to design their own bespoke Executive MBA+ programs.

IE’s Executive MBA portfolio is rounded off with the IE Brown Executive MBA, aimed at senior managers with an international profile. The IE Brown Executive MBA is run jointly with Ivy League member Brown University, renowned for its excellence in the field of humanistic, social and scientific disciplines.

22
Jul

The Fourth Man

Written on July 22, 2013 by Dirk Hopfl in IE News

When I went for a coffee with Arbitration and International Commercial Law Professor Justin Swinsick to get to know him a bit better and talk about what kind of video we could come up with together, he told me he was going to Vienna with an IE student team to attend an international law competition. The first thing that came into my head when he mentioned Vienna was the film “The Third man”, and when I suggested that as a theme for the video he answered right away that he loved Orson Wells, and that film in particular.

I don’t remember exactly how the title “The Fourth Man” occurred to me. Anyway, it was clear that we both wanted to render some sort of homage to the film, whose screen-play was the work of a writer we also enjoy and admire, namely Graham Green. I have to say that Prof. Swinsick gave an excellent performance, staying in character the whole time. I am sure that when he teaches, he is every bit as eloquent.

I really hope you enjoy watching this video as much as we did making it. Check out Prof. Swinsick’s intelligent insights into “The Fourth Man” as he talks about law and justice, and truth and love.

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First published on The Other Side | By Felix Valdivieso

17
Jul

The eternal formula

Written on July 17, 2013 by Dirk Hopfl in IE News

 

Cristina Bondolowski, IE alumae 1995

Ideas, the IE Alumni Magazine, interviewed Cristina Bondolowski, VP Global Brands at Coca-Cola Company and IE Master in Marketing graduate from 1995:

“The most important thing is to have very clear ideas and then get things done instead of worrying about them.” This is the philosophy Cristina Bondolowski has successfully applied at each of the challenges she has faced to become world executive director of the most famous soft drink on the planet: Coca-Cola. Always with the same work formula: “Kicking into action when I face a challenge”

After working under a fellowship at IBM during the last two years of her degree, graduating in Business Administration at CEU San Pablo and completing an MBA at IE Business School, her interest in marketing took her to companies that included Estrella Seguros, Pepsico, Universal & Paramount Video Pictures, and Colgate-Palmolive, “where there was a school exclusively for marketing”, on her way to Coca-Cola at the end of the 1990s. She started working as manager of one of the company’s products (Sprite) and later became the brand’s director in Spain. She was then promoted to director of the fizzy drinks business unit in the same subsidiary.

Since May 2008, she has controlled Coca-Cola’s global development strategy in the 207 markets in which it operates. Has so much responsibility ever made you feel giddy?

If I’m honest, it has never made me feel giddy. First of all because we are all directors of the Coca-Cola brand because we all have an opinion about it. I always say that Coca-Cola is like the economy: everyone wants to give their opinion and they do so because they are interested and that is a very good starting point. And, of course, you feel very protected when you have so many brand directors outside and inside the company. The main challenge has been how to lead those points of view in the direction I want them to go. And it has never made me feel giddy because when the company offers you a position like that, it’s because they think you are capable. Perhaps one of the things Spanish directors often lack is the ability to believe in themselves. When you go elsewhere and start working with people from other cultures, you realise they believe in themselves much more than we do. In the end, the company takes its decisions on the back of a great deal of experience. They have seen your work, you have achieved results in your starting country (in my case, Spain) and they select you because they want the way you understand the business, the brand, marketing and team leadership to be applied and transmitted on a global scale. Read more…

12
Jul

Team Work – Love it or Hate it?

Written on July 12, 2013 by Dirk Hopfl in IE News

Michael Jordan might be the greatest basketball player of all time. In 1986-87, he had one of the most prolific scoring seasons in NBA history, scoring over 3,000 points. But from 1987-1990 Jordan had an Achilles heel, the Pistons. The Bulls met and lost to the Pistons in the Playoffs for three consecutive seasons. All that changed in the 1990-1991 season when the Bulls beat the Pistons in a surprising sweep. So what do Jordan and the Bulls have to do with IE?

Let me explain.

Some say that a part of the Bull’s success is because Jordan changed from an individual on a team to a player leading a team. And if there’s one thing you should know about IE, is that it loves group work.

Group work is synonymous with class work.

But with people from all around the world working together in stressful environments, sometimes this doesn’t always go down so well; expect possible conflicts, and expect a lot of them. True, you might be blessed with a group with none at all, like vultures on diets eager to share, but chances are slim. You’re more likely to find yourself in a group where someone or several people have completely different working styles compared to your own. When you want to go “left”, some might want to go “right”, and vice versa. However, together you have to figure out how to go straight which often is easier said than done. But it’s a great way to learn for all. “Coming together is a beginning. Keeping together is progress. Working together is success.”

I think the two most important things I have learned so far are:

It’s important to become friends with the people in your group

Sound silly? It’s not. You’re far more willing to go the extra mile on a group project for someone you consider a friend; and you’re also far more likely to actually pay attention to what they have to say.

Just because you think you are right, it doesn’t mean they’re wrong

As I see it for now, group work isn’t about proving who’s right and who’s wrong. It’s about getting the job done the best way possible; and although I might sound like I know exactly what I’m talking about, I assure you, I don’t; I’m still learning, a lot.

Some might say that IE gives it too much credit and puts too much focus on group work. I disagree; because if you can’t figure out how to work in a group when only your grades are on the line, how will you fare when you graduate and your job is on the line?

Group work, hate it or love it?

The most important thing is to make sure you learn from it.

First publish on IE Master in Management blog, written by Charles Oben.

9
Jul

Wings

Written on July 9, 2013 by Dirk Hopfl in IE News

Professors talk about all kinds of issues. Issues are not, however, remarkable in themselves, no matter how hot the topic might be. What makes them remarkable is the way you talk about them.

Operations professor Luis Solis is one of those people who truly believes not only in what he teaches but in whatever he is saying to you. Finding someone who still genuinely believes in what they are talking about makes you feel good, because you instinctively know when you are at the center of some seriously valuable attention. And isn’t being at the receiving end of attention the ultimate feel good factor?

I love it when he comes round in December with a bottle of tequila to share a shot with you to welcome the new year and bring you a piece of his beloved Mexico.

Don’t miss what he has to say about operations and how he became a pilot.

P.S. The title of the video comes from Wings, a silent film made in 1927 about fighter pilot friends in World War I . It was the first film to win the Academy Award for Best Picture, and the only truly silent film to do so given that The Artist was not totally silent.

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First published on The Other Side | By Felix Validvieso

 

4
Jul

2,020 start-ups for Madrid 2020

Written on July 4, 2013 by Dirk Hopfl in IE News

IE’s Area 31, the start-up incubator

Three of the startups – Top Around, Pathfinder and 3dPrintMe – developed by entrepreneurs from IE Business School´s Venture Lab Accelerator and Area 31 Incubator are among the 12 winning projects of the ‘2020 for 2020 Startup Madrid’ competition.

The overriding objective of the Madrid 2020 initiative is to showcase the talent of 2,020 entrepreneurs to help them find the funding and guidance they need to launch their businesses in sectors like technology and environmental sustainability  which will play a key role in the future of the city.

“We are delighted to see these startups get the recognition they deserve, these teams have gone from an idea to a validated product in a short space of time demonstrating their excellent capability to execute.  Entrepreneurship at IE is all about doing and these teams are a great representation of the entrepreneurial talent in Spain”, explains Liz Fleming, Deputy Director Venture Lab.

Top Around is a mobile App that helps those eager for knowledge to discover and listen to audio guides and GPS guided tours. It’s a technological platform for tourists loving audio guides, with crowdsourced content which is reviewed & rated by the users themselves. “Madrid 2020 provides us with a top-level media coverage, and positions Top Around as one of the key startups with the greatest potential in the Spanish and international markets in the tourism sector”, explains Daura Carball, Top Around co-founder.

Pathfinder is a social pinboard created to help entrepreneurs reach valuable information, according to their location, needs and main challenges. It’s a virtual space where startups and entrepreneurs could have real perspectives on the resources available curated available to them, such as useful articles, recommended books, events happening nearby, etc. “We’re working to create a better environment for startups and entrepreneurs”, explains Rui Delgado, Pathfinder co-founder. “We’re extremely excited to be one of the 12 startups selected in the first generation of ‘2020 for 2020 Startup Madrid’. It’s not only a challenge for us, but also for Madrid to be able to help 2020 entrepreneurs before the year 2020. Since our startup’s mission is to motivate an entrepreneurial culture, it’s an honor to represent all the potential that Madrid has to offer to the startup world”.

3dPrintMe! is a collaborative platform that enables users to create customized products. The platform makes it possible to share creations with other users, modify, customize, and sell them, thanks to the new possibilities of 3D printing technology. “We are very interested in Madrid 2020 Olympic Bid for the shared values between entrepreneurs and olympic athletes: energy, sacrifice, passion, competition, perseverance, with the sole objective of reaching the goal as winner. We think we can learn a lot from this experience and we are delighted to represent the entrepreneurial talent that Spain has and should spread throughout the world”, explains Silvia Paredes.

1
Jul

Floydcounting

Written on July 1, 2013 by Dirk Hopfl in IE News

Hey, you! As the song goes…

You don’t expect an accountancy professor to be much fun, do you? Well, the beauty of life consists of expecting the unexpected. It was an absolute pleasure to listen to Prof. Trombetta talking not only about the dark side of numbers and financial literacy, but also about one of his favorite bands, namelyPink Floyd.

Basically what happened was that I was given a crash course on the band, in Cambridge of all places, as well as brushing up on music in general. This guy loves to go around buying LPs. He bought six, and none of them was by Pink Floyd for the simple reason that he already has all of theirs.

Check out Prof. Trobetta playing the piano!!! And remember, if you need to balance your books, or just fancy a chat about music and life in general, you know who to go to…!

P.S.: Here is a recommendation: Don´t miss Searching for Sugar Man, Documentary Oscar 2013.

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First published on The Other Side | By Felix Valdivieso

 

29
Jun

The MBA is about inspiration and electricity!

Written on June 29, 2013 by Dirk Hopfl in IE News

Germano Air ChinaSome of IE Business School’s most outstanding alumni are working in Asia, and this week Joël McConnell, IE’s Director of International Development for Asia Pacific, caught up with Germano Rollero: an International MBA graduate based in Beijing who is currently working for one of China’s major civilian aviation companies.

JM: What brought you to China, and what are you doing professionally right now?
GR: I came to China because I’ve always been fascinated by this country, so much so in fact that I chose Chinese as my Major subject during my undergraduate degree. Not surprisingly the majority (I’d say about 90%) of my professional career has taken place here in China.
Currently I’m part of the Global Corporate Accounts team at Air China International, the most important Chinese carrier. Air China is a state-owned enterprise and it has been one of the most profitable airlines in the world for each of the last 5 years. Consequently, the company is ambitiously growing beyond China’s borders. It’s very interesting being part of a company that is growing globally so quickly, it almost feels like I’m a pioneer, or better said: part of a team of entrepreneurs at a start up that has 25.000 employees.
In my everyday work I supervise the efforts of our offices around the world, with the objective of improving our service and growing our revenues from primarily global Fortune 500 corporate clients. I do also business development globally to find new corporate clients, signing global deals with them. Our team is at the forefront in making Air China a more global airline.

JM: How did your MBA experience at IE Business School help you get to where you are today?
GR: The MBA helped me because it made more confident and outspoken. I am not a finance major, I was not working in investment banking or in strategy consulting before the MBA, but some of my classmates covered these topics. At the beginning, I was kind of more reserved when expressing my own views about the cases discussed in class and our work groups because my classmates had more knowledge about these subjects. After some time though I realized that my fresh take and views on the cases were adding a lot of values to the discussions, actually many times much more value than the views of my more experienced peers. I gained more self-confidence and I became more capable of establishing a vision and of instilling enthusiasm in others.
My MBA experience helped me at Air China, in fact in addition to my day-to-day job I am asked to attend many other project team meetings related to the future of the company, because of my ability to express new ideas and points of view about complicated problems and unclear situations.

JM: What do you remember most fondly about living in Madrid?
GR: Without a doubt the friends I made at IE. It was great to be surrounded by so many wonderful people full of enthusiasm and creativity. You feel so much inspiration and electricity on campus, and Madrid helps you to bond with them, given the many opportunities to network and have fun in the city. Furthermore, after the MBA you become even closer with all your peers. Even though they’re scattered around the world, you know you can count on them should you need to ask them for help.

JM: Any tips on applying to the program, especially with regards to the admissions application?
GR: Focus on your dreams and on what you want to achieve after the MBA, and you will find the enthusiasm and the motivation to go through all the steps of the application. It’s tough, but the MBA experience at IE is worth it!

JM: Where do you see yourself in 2 years?
GR: I see myself in an overseas assignment with Air China, leading globalization efforts in foreign markets to help Air China to become one of the best airlines worldwide.