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Wednesday, December 21, 2011

What is Business School All About Anyway?

The ultimate goal for those who enroll in an MBA program is career advancement. What form this advancement will take depends completely on each individual's personal agenda. One student may plan to return to work for a former employer in a more sophisticated context, while another may seek to change careers entirely, transferring to a field that is more challenging or fulfilling. Other more entrepreneurial students may attempt to launch an independent business. Whatever the case may be, MBA programs are designed to guide the student toward the path of their choosing while providing the skills that will be required when they reach their destination.

How do they do this you ask? Well, the most successful MBA programs strive to gather groups of students with diverse backgrounds and goals and then facilitate the sharing of their experiences in the context of the study of theoretical business applications. Before we get in to the academic elements of the MBA program, let's first take a look at some of the different techniques schools are currently using to cultivate leadership qualities in their students (besides the standard lectures, papers, exams, etc?).


1) Problem-Based Learning (a.k.a Case Studies)

Rather than simply conveying material to the students through lectures, business schools are now using the problem-based learning format to force students to think for themselves rather than regurgitate material that they've memorized.

Classes are subdivided into small groups and each group is presented with a particular management issue or problem.

As a team, the students must research the case they've been presented with and apply what they've learned from their studies to come up with a solution to the particular problem.

This type of exercise forces students to become "horizontal thinkers" who must consider ALL factors related to a particular decision rather than simply looking at an issue from on particular perspective (ie. accounting vs. marketing vs. finance).


2) Studies in the Field

Many schools are now supplementing class lectures and individuals study time with studies in the field

Although most students coming into MBA programs already have significant work experience, schools continue to stress the importance of "learning from doing"

The interpersonal skills that are crucial to strong leadership cannot be taught in the classroom setting but rather must be observed first hand in the field.


3) Team-Based Learning

While many of the projects assigned in business school require students to work in groups, team-based learning focuses specifically on how to work as team.

The goal isn't so much to complete a particular assignment or project on some managerial issue, but rather the to learn how to work closely with others.

Setting goals, assigning responsibilities, and learning to rely on others are some of the skills involved.

Because team project and work groups have become so common in the business world, the schools are stressing teamwork abilities now more than ever..


The Curriculum


Now of course, underlying all of these different teaching techniques, is the curriculum itself. The first year courses of most MBA programs make up what is known as the core curriculum. While each school tries to present the material in what they believe is a unique or progressive manner, there remains minimal variation in these courses from school to school because every MBA student must ultimately have a fairly extensive level of knowledge in the following areas:

Business Strategy Analysis

Financial and Managerial Accounting

Management Statistics and Data Analysis

Managerial Economics

Marketing Management

Managerial Finance

Managing Organizations

Operations Management


For a detailed description of any or all of these courses, please browse through the course calendar or website of the particular business schools you are considering.


Once this core curriculum has been completed, most business schools allow their students to spend the remainder of their course time on electives. Many schools are recognized for particular programs that they offer and this recognition tends to revolve around these second year elective courses. Often business schools will have faculty who are eminent leaders in their field lecturing for these courses, providing the class with cutting edge research and the latest advancements in the area. Some of the areas that a second-year MBA student can specialize in include:

Accounting

Arts Management

Educational Administration

Entrepreneurial Ventures Finance

Government

Health Care Administration

Human Resource

Management

Management Consultants

Management Information

Technology

Manufacturing Management


Marketing

Not-for-Profit Organizations

Operations Management

Small Business Management


So as you can see, it's no longer possible to pigeonhole business schools as gathering places for society's elite, who put in a couple of years before taking over the family empire. A degree from a reputable business school can now place you on the fast track for a leadership position in any one of an incredibly diverse number of career paths. The MBA has become just as important in public service domains such as education, government, and healthcare administration as it is in the more traditional corporate sectors.


What to Expect for the Costs you have Sunk In?


Having established that going to business school represents a pretty serious financial burden, let's see what you're actually getting for all those dollars your laying out. What are the "frills" schools are using to attract students, and the impact that the program can have on your ability to attract employment and your earning potential once you've found the job you've been seeking.


Facilities:


Talk about plush. Be prepared to work extremely hard when you get to business school, but if your at one of the better ones, take solace in the fact that you'll be doing it in style. The fact is that many of the schools (and not just the powerhouses) are investing heavily in infrastructure to woo you. Remember, there's a definite element of reciprocity in the relationship between schools and applicants. To put it simply, they want you to like them just as much as you want them to like you. As a result a significant proportion of a business school's dean's time is spent fundraising. Many schools are building brand new buildings, with brand new classrooms, libraries, conference rooms, cafeterias and students lounges all supplied and state-of-the-art technology. Just as one example, Cornell's Johnson Graduate School of Management has built a simulated trading floor with the exact same technology being used by real analysts.


Connections:


The business world is ALL about connections. We're not going to feed you the line that "it's who you know not what you know" but rather that it's "who you know AND what you know". For that reason, an MBA program has become incredibly important for young people trying to get their foot in the door. At business school you're going to educated in the "what" and immersed in the "who." Without even realizing it, you're going to be spending two full years networking. Whether it's faculty who have pivotal roles in major corporations, corporations who've formed alliances with the school, or fellow students, over the course of the program you're going to be in close contact with individuals who are currently, or will be in the future, extremely influential in the business community. Imagine your new best friend happens to be the next Bill Gates, Warren Buffet, David Filo, or Jerry Yang just waiting to surface. Well that's the kind of relationship that fortunes are built on.


Jobs:


The following excerpts come directly from the Business Week Guide to the Best Business Schools (6 th ed.). It summarizes the relationship between MBAs and corporate hiring so well that felt we should pass it straight on to you completely unadulterated. We further recommend that you find the complete article from which this excerpt was taken (available on the web) for supplementary reading and that you use the guide as one of your resources for choosing the right business school for you (in our opinions it's one of the most informative).

As we approach the millennium, the MBA is unquestionably the hottest degree you can hold, particularly from an elite school. The stats prove it: At virtually all of the best schools, GMAT scores and starting pay packages are setting records. Applications are too, although a large part of the boom is coming from overseas...The 61 schools surveyed by business week for its 1998 rankings waded through 116,912 applications for the Class of 2000, and the average GMAT score was 667 for those attending the Top 25 schools, up from 649 just two years earlier.

Today, the MBA is on its way to becoming a requirement for anyone who hopes to build a career in Corporate America, and, indeed, much of the world... Certainly, it's true that corporate recruiters can't seem to hire enough MBAs these days. The 259 recruiters who participated in business week's 1998 survey of the best business schools hired 10,348 MBAs in total, a 28 percent rise from 1996. And they would have hired even more if they could have: Grads of the Top 25 business schools averaged 3.2 job offers each, up from 2.3 in 1992, and compensation exploded. The median pay package (salary, bonus, and extras such as stock options or moving expenses) at the Top 25 hit $111,420, up 19 percent from just two years ago. Another telling figure: Median pay topped $100,000 at 18 of our Top 25-versus 5 two years ago.

Home Made Acne Treatments

The difference between natural acne treatments products and non-natural acne treatment products is that difference except natural treatment products does not include any side effects. Although natural acne treatment products have been increasing its popularity over the latest few years, another popular type of acne treatment was found, the home made acne treatment products.

Home made acne treatment products may range from natural products to non natural products. The greatest advantage is that one can use different acne treatment products until you find one that they prefer and that works best on them. So this way they do not need to buy many different products to find one that works best but easily make the product at home to try it and then make more when it gives a good result.

Still sometimes these treatment products can be natural, they also give the advantages of natural treatment products, no side effects. They are still acne treatment products but they may take longer to treat the acne, sometimes it may take up to months with a home made acne treatment product to make the acne go away.

Basically home made acne treatments are made with the sources that one has. Since everyone is different, the identical acne treatment product will not give the same results to everyone. So therefore home made acne treatment can quickly find the perfect acne treatment product for you. This type of acne treatment has been gaining popularity for a long time now. This type of acne treatment is also the cheapest kind of acne treatment out there. Some researches have found that other people's remedies for acne will not work sometimes but then when using a home made acne remedy, it could do the job and get rid of your acne.

There is also one bad point in using home made acne treatments. They might not work and may sometimes add to the problem. If the treatment has not been made correctly it may add to the acne problem with side effects and other skin issues. Most people would just use trail and error because most of the skin issues that is caused by a side effect can be cured. It is best to do some research before making your own home made acne treatment product.

Home Made Acne Treatments

The difference between natural acne treatments products and non-natural acne treatment products is that difference except natural treatment products does not include any side effects. Although natural acne treatment products have been increasing its popularity over the latest few years, another popular type of acne treatment was found, the home made acne treatment products.

Home made acne treatment products may range from natural products to non natural products. The greatest advantage is that one can use different acne treatment products until you find one that they prefer and that works best on them. So this way they do not need to buy many different products to find one that works best but easily make the product at home to try it and then make more when it gives a good result.

Still sometimes these treatment products can be natural, they also give the advantages of natural treatment products, no side effects. They are still acne treatment products but they may take longer to treat the acne, sometimes it may take up to months with a home made acne treatment product to make the acne go away.

Basically home made acne treatments are made with the sources that one has. Since everyone is different, the identical acne treatment product will not give the same results to everyone. So therefore home made acne treatment can quickly find the perfect acne treatment product for you. This type of acne treatment has been gaining popularity for a long time now. This type of acne treatment is also the cheapest kind of acne treatment out there. Some researches have found that other people's remedies for acne will not work sometimes but then when using a home made acne remedy, it could do the job and get rid of your acne.

There is also one bad point in using home made acne treatments. They might not work and may sometimes add to the problem. If the treatment has not been made correctly it may add to the acne problem with side effects and other skin issues. Most people would just use trail and error because most of the skin issues that is caused by a side effect can be cured. It is best to do some research before making your own home made acne treatment product.

No More Distractions with Noise Reduction Headphones

The world is a very noisy place with loud, intermittent sounds and constant, droning noises – noise reduction headphones can help you get a little peace amongst the distractions of everyday life. Headphones can block out the myriad of sounds that occur in a variety of setting and are helpful to many different people.

Sleeping – If you have trouble sleeping, noise reduction headphones may aid you in getting some rest. Barking dogs, traffic, and awake family members can contribute to sleepless nights, and for those who are sensitive to noise when they're trying to sleep, noise reduction headphones create a sound-free environment so they can rest.

Playing Music – Musicians often use noise reduction headphones to help them block out sounds that may interfere with them hearing their instrument. Once the background noise is blocked, they are free to concentrate purely on the sounds they are making rather than the sounds around them. This creates an environment of total immersion into their music and allows them to perfect their work without being in a studio.

Autistic Students – Noise reduction headphones can also be used in the classroom to help autistic children. Often classroom environments can be distracting to children with autism. Headphones for the children help teachers instruct each student individually so others aren't confused or distracted by the instructions for the other students.

Studying – Noise reduction headphones are very useful in situations where you need peace and quiet but can't always control the environment. Students who are studying may find noise reduction headphones helpful in blocking out the distracting sounds around them. Headphones create a peaceful world in which they can focus on their work, rather than environmental noises or the sounds of others

Fact and Truth

Thought experiments (Gedankenexperimenten) are "facts" in the sense that they have a "real life" correlate in the form of electrochemical activity in the brain. But it is quite obvious that they do not relate to facts "out there". They are not true statements.

But do they lack truth because they do not relate to facts? How are Truth and Fact interrelated?

One answer is that Truth pertains to the possibility that an event will occur. If true – it must occur and if false – it cannot occur. This is a binary world of extreme existential conditions. Must all possible events occur? Of course not. If they do not occur would they still be true? Must a statement have a real life correlate to be true?

Instinctively, the answer is yes. We cannot conceive of a thought divorced from brainwaves. A statement which remains a mere potential seems to exist only in the nether land between truth and falsity. It becomes true only by materializing, by occurring, by matching up with real life. If we could prove that it will never do so, we would have felt justified in classifying it as false. This is the outgrowth of millennia of concrete, Aristotelian logic. Logical statements talk about the world and, therefore, if a statement cannot be shown to relate directly to the world, it is not true.

This approach, however, is the outcome of some underlying assumptions:

First, that the world is finite and also close to its end. To say that something that did not happen cannot be true is to say that it will never happen (i.e., to say that time and space – the world – are finite and are about to end momentarily).

Second, truth and falsity are assumed to be mutually exclusive. Quantum and fuzzy logics have long laid this one to rest. There are real world situations that are both true and not-true. A particle can "be" in two places at the same time. This fuzzy logic is incompatible with our daily experiences but if there is anything that we have learnt from physics in the last seven decades it is that the world is incompatible with our daily experiences.

The third assumption is that the psychic realm is but a subset of the material one. We are membranes with a very particular hole-size. We filter through only well defined types of experiences, are equipped with limited (and evolutionarily biased) senses, programmed in a way which tends to sustain us until we die. We are not neutral, objective observers. Actually, the very concept of observer is disputable – as modern physics, on the one hand and Eastern philosophy, on the other hand, have shown.

Imagine that a mad scientist has succeeded to infuse all the water in the world with a strong hallucinogen. At a given moment, all the people in the world see a huge flying saucer. What can we say about this saucer? Is it true? Is it "real"?

There is little doubt that the saucer does not exist. But who is to say so? If this statement is left unsaid – does it mean that it cannot exist and, therefore, is untrue? In this case (of the illusionary flying saucer), the statement that remains unsaid is a true statement – and the statement that is uttered by millions is patently false.

Still, the argument can be made that the flying saucer did exist – though only in the minds of those who drank the contaminated water. What is this form of existence? In which sense does a hallucination "exist"? The psychophysical problem is that no causal relationship can be established between a thought and its real life correlate, the brainwaves that accompany it. Moreover, this leads to infinite regression. If the brainwaves created the thought – who created them, who made them happen? In other words: who is it (perhaps what is it) that thinks?

The subject is so convoluted that to say that the mental is a mere subset of the material is to speculate

Earning Your Degree Online

It is not at all surprising that numerous business schools and universities have established online degree programs. Acquiring your first degree or advancing your education has become very popular for a diverse group of people.

Studying for your degree online has numerous advantages. Some of these advantages are:

1. The classes can be scheduled as you like. Studying can be scheduled at a convenient time for you. If you are a daytime worker, you can take classes at night or on the weekend .

If you have a family in addition to a hectic work schedule, it is tough to combine a working life with a learning life-especially if you have to commute to campus for scheduled classes and meetings.

Online degree programs let you study on your own terms, develop your presentations, or take exams when you have the time and energy to do so.

2. Over enrollment of students in classes is a common problem encountered at universities and colleges. Over enrollment in classes is usually not a problem when you pursue an online degree.

3. Students enrolled in an online degree program do not worry about being bumped out of classes.

4. Since you can take all your classes at home, there is no need for a costly commute to campus. The student never has to sit in traffic, wait at a bus stop, or contend with foul weather.

5. An online degree program is adjusted to your needs, as opposed to campus-based programs, in which classes are organized around the schedules of staff and faculty.

One of the best ways to enhance your career opportunities is to enroll in an online degree program. Online degree programs offer great flexibility; they combine online lectures from qualified business leaders with routine class meetings.

More than ever, companies are paying part or all of tuitions for employees who pursue graduate degrees in their field. From a cost-benefit perspective, online learning looks like a wise choice.