28
Aug

416 – a unique journey!

Written on August 28, 2013 by Dirk Hopfl in IE News

pic2On day 1 of his International MBA, Prasad Dalvi, started writing about his life at IE and in Spain – so far, every day one post and he aims to continue until all the 416 days of his program are over… Follow his journey on his blog 416!

Luckily, he took some time to answer some questions for this blog and talks about his first couple of months in Madrid. Enjoy!

What have been the most exciting moments of the program so far?

Life here at IE has been an exciting one from day one up until now, and I can’t wait to experience all of what the coming days will offer.
The Grandeur of Opening Ceremony, where emotions, excitement and anticipation was radiating overwhelmingly all around me – the day when we all made it – to one of the finest MBA programs in the world, the day when we all met our future classmates for the first time, the day when we were introduced to the roller coaster ride that is the International MBA here at IE. Wow!! That is one day, memories of which, I will always cherish.
And then, every day of the program brought along its own excitement. To list a few: Winning the IE Net Impact Weekend – the biggest Social Entrepreneurship Venture event organized by MBA students, Meeting Miss Edurne Pasaban [the first woman to climb all Eight-thousanders], John Clendenin and many such stalwarts during the LAUNCH program, facing the raging baby-bull in CAPEA day, jumping off from a plane at 4000 meters along with my fellow classmates, tasting cuisines of different countries, dancing to the tunes of all nations at IE GLOBAL VILLAGE; the list just goes on and on .. and there is going to be more to look forward to.

How do you cope with the workload and writing your blog on a daily basis?
I have been blogging since last 4-5 years and on a variety of topics. When I came here to IE, I knew that this is “once-in-a-lifetime” kind-off experience and I wanted to cherish the everyday little moments associated with this experience. The natural choice I made to achieve this was to writing a blog – one post per day for all four hundred sixteen days that the program is for. So, this blog for me is more than a hobby, and it is this motivational attribute of the blog which has kept me going during all these days.
As for the mechanics of it, during initial days, I used to write the daily post at end of my day, just like people wrote their diaries. But, as I realized that I am going to spend more and more time of the day in School, and I may not have enough energy to go back at 3 AM and then write something, I started making use of the pre-dinner/post-dinner time, when my study or work group usually takes an extended break, for scribbling the posts.

How is your Spanish? Can you get around with only limited knowledge of the local language?
Well, I did try to learn some basic words of Spanish before arriving to Madrid, although it was not much. My experience here in Madrid is that around the School Campus, all shops have an English Menu, and most of them have at least one person speaking English.
Having said that, we don’t really need too many words in our vocabulary to survive in restaurants, shops, supermarkets and bars, etc and there is always Google Translate at our disposal. Hospitals and House-Agreements may be some places where we need to be fluent, but then there are so many friends here, who speak native Spanish, and there is IE Student Office that helps us translate official documents in English; overall, I didn’t face any real trouble for not knowing fluent Spanish.
For those, who are keen to learn Spanish anyways, IE conducts a weekly Spanish learning class, and it’s pretty good. And for those, who don’t wish to have any confusion in restaurants, while ordering their food, go check out the very basic prototype of “The Menu” APP in Google Play Store, which my Entrepreneurship Management group is currently working on.

Madrid claims to be one of the most vibrant cities in Europe. Can you confirm it?
I can confirm it 1000 percent. Madrid is a City where you can just wake up at any hour of the night and be sure that there will be at least a dozen pubs and clubs open; a city which offers food of so many different countries, a city which enjoys a long afternoon siesta, only to come alive at nights; a city where pathways lit up at night for fine outdoor dining experience; a city with museums and gardens and history, and of youth and fashion and football. And one of the best parts of being at IE is to be in a campus right in the heart of this city.

Any tips for prospective students from Asia?
Yes, a couple of them.
One – Come here for the MBA experience, the unique IE experience. Don’t come to IE hoping that it will serve as your passport to be a European Citizen; and don’t reject IE just hearing all the talks about ‘Europe-in-Crisis’. This international experience is much more than any of the above things.

Two – You will be choosing a one year MBA over two year MBAs. It does not reduce the amount of teaching that IE has to offer. Hence, come prepared to give your 200% to this program, as the program will take your 200% anyways. Having said that, come to IE not just for studying, but also to experience many unusual things, because at end of the year, we will all have learned accounting and management and stuff anyways, but we won’t remember our long study sessions, what we will remember forever is our madness.
I just quoted these lines two days back to a friend – let me throw them here as well “At IE, we go home only after closing the school building on weekdays; and closing all the bars and clubs on weekends; and all this happens only after 3 AM. Work Harder, Play Harder – is our mantra”

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