Monday, December 30, 2002

Creative Commons

This is the most intelligent thing I've seen in ages on copyright. One of those things which is so simple you wonder why nobodies done it before... The Creative Commons (CC) alternative to Copyright. See their fantastic multimedia presentation here or visit their main website.

This is a very nice extension of some copyleft ideas and as soon as I get round to publishing my revision notes I'll be putting some kind of cc copyright on them. These things only work if you use them.

Wednesday, December 25, 2002

Merry Christmas Joe


when johnny comes marching home again
Hurrah! Hurrah!
he's coming by bus or underground
Hurrah! Hurrah!
a woman's eye will shed a tear
to see his face so beaten in fear
an' it was just around the corner in the english civil war

it was still at the stage of clubs and fists
Hurrah! Hurrah!
when that well-known face got beaten to bits
Hurrah! Hurrah!
your face was blue in the light of the screen
as we watched the speech of an animal scream
the new party army was marching right over our heads

alright

there you are, ha ha, i told you so
Hurrah! Hurrah!
says everybody that we know
Hurrah! Hurrah!
but who hid a radio under the stairs
an' who got caught out on their unawares?
when that new party army came marching right up the stairs

when johnny comes marching home again
Hurrah! Hurrah!
nobody understands it can happen again
Hurrah! Hurrah!
the sun is shining an' the kids are shouting loud
but you gotta know it's shining through a crack in the cloud
and the shadows keep falling when johnny comes marching home

Joe Strummer, 1952 - 2002.

We could have done with someone like you right about now.

Oh dear oh dear oh dear

Part of the Iraqi's 12000 page dossier has been leaked, the part saying which corporations sold them equipment. Full story here. This is of course old news, but its rather odd that the US press has pretty much avoided this one, are they really censoring themselves so heavily in the name of patriotism?

Round up

Lots to cover in this entry, since its a while since I blogged and I've been a busy boy, so here we go.

I left the last entry in Arnhem, and heading for Delft. On arrival Delf was great, great pancakes, great market town, what I'm assured is a fantastic museum and the Prinshof, where William of Orange lived and was eventually assassinated. These days its an art gallery - home to many old masters and well worth a visit. We ended the evening at Maria's old student fraternity, home to many, many, many cheap beers. Mercifully some wiser heads talked me out of my plan to drink every variety of beer I hadn't tried before....

The next day featured many things, including a relocation back to Amsterdamn and shopping for Christmas presents, but is notable chiefly for the amount of raw meat I was forced to ingest. Starting in the morning with the breakfast of fillet americain (raw beef paste) on bread, served with raw onions, salt and pepper and including a brief encounter with one of Amsterdamn's rare 'non excellent' snack foods - raw herring. This is not sushi folks, you take a fish, you gut a fish and then you eat it. There might have been some salting involved in the mean time, but all that nice wrapped in seaweed, choice cuts, beds of rice and wasabi stuff that makes sushi fantastic was missing. raw herring is in my humble opinion, just as bad an idea as it sounds.

The final full day in Amsterdamn was all about art. We headed into the massive Rijksmuseum which is home to many of the best paintings ever produced in Holland. That means wall to wall Rembrandts and Rubens. A while ago I waded my way through 1000 pages of the Phaidon History of Art, and in the Reijksmuseum I got to see an awful lot of the paintings it had mentioned. Compelling, fantastic stuff.

After that it was time to board the ferry and head back to Newcastle, for a nice family christmas and a chance to catch up with old friends.

Thursday, December 19, 2002

Holland is flat!

OK, so there are some things about Holland which you know before you arrive. Like the stuff about the country being flat, and the dykes and the whole windmill thing. None of which means its not nice to actually go and see these things yourself. I mean, it's one thing to know that large parts of Holland are below sea level, its another thing to be driving around an entire man made province, looking at the dykes that turned it from being a big chunk of sea into a big chunk of land.

Tuesday was spent taking our Easy Rent a Car around some of the old fishing villages near Amsterdam, aside from the above mentioned waterworks and flatness I got to see a lot of the old sailboats they use to fish the big lakes that make up so much of Northern Holland, and which eventually turn into the sea after passing through a few locks and dykes. We got back to find our hosts attempting Holland's annual educational challenge, ''Het Groot Dictee'' (spelling?) whereby the entire nation watches TV and attempts to take a dictation class. The aim is to encourage proper use of grammar and spelling, adapt to new words and new ways of doing things. (a few years ago the dutch revised a lot of their grammar) the whole thing is conducted from the Dutch first chamber, equivalent to the House of Lords or the Senate and as well as the nation taking part by TV some celebrities and more formal contestants are inivited in to compete. This year the first ever perfect score among the contestants was achieved. By a Belgian. Apparently the Belgians think it's great fun to outdo the Dutch at their own language.

Yesterday was all about the Kroller Mueller Museum which is one of the most famous art galleries in Holland. The permanent collection included over 50 Van Gogh's, as well as stuff by Mondrian and a fantastic painter called Fernand? Leger who's done some really great stuff. They also had a number of portraits from the sixteenth century which were exceptional for their detail and realism. What little I remember of the history of art suggests that this style both began in Holland and was perfected here.

The museum is set in the middle of a national park and is inaccessible by car, you have to borrow a bicycle to get there, or walk it. (its about 1.5 miles from the nearest car park). Around the museum is a sculpture garden containing more great stuff to look at, although yesterday our stroll around the garden was punctuated by the sound of machine gun fire and the thump of heavy mortars. Turns out the army use the nearby woodland for practice.

We ended the day in Arnhem, which is lovely, and today will head for Delft...

Monday, December 16, 2002

Why I'm in Holland

This is being written from Holland. The reason being that when you go to business school you meet lots of people, and they're nice, and you like them. Turns out some of them like you too, which is how I ended up with a dutch girlfriend and thats the short explanation of why I'm writing this from Holland. The plan is to spend a week here (we're based in Amsterdam, staying with her brother and his girlfriend who so far have been fantastic hosts) and then head back to Newcastle for Chirstmas and New Year. Top stuff.

So far Holland has contained many fantastic things, including the local delicacy Croquete (I'm sure they don't spell it like that) and some really really nice dark beer. There's also been a chance to wander round Amsterdam and the inevitable visit to the red light district. Having seen it I can confirm that one area full of hookers and drug dealers is much like any other, even if there are windows involved. Quite why this is a tourist trap kind of escapes me when most major cities have had similar attractions 'en plein air' for a while now.

The best thing to date has been the Theatre Tuschinsky, which has been converted into a cinema. It is without doubt one of the most fantastic buildings I've ever been in. Lots of glorious art deco? design and the whole thing is absolutely gorgeous, from the amazing ceiling decorations to the feet of the furniture. Apparently they restored it to its former glories a few years ago, so if you saw it before and weren't that impressed go again. There is also the small matter of being able to buy beer at the cinema, things really are that much more civilised in Holland.

ps : I am now informed that Croquete should in fact be spelled kroketten, (don't pronounce the n)

And then it was over

Finished exams on Friday at 12:30 and promptly headed for the Kings Arms, I haven't really had the chance to blog much since then so there's a lot to catch up on. Suffice to say that beer was drunk, then more beer was drunk and then we went to Frueds where... You've guessed it.

So I've survived the first term more or less intact. No results yet, (probably not till January) but I'm pretty sure things went ok.

Thursday, December 12, 2002

Clockwatching

The clocks in the examination schools are great. They're these big wooden affairs with lots of decoration, and when the hands move they kind of jerk, lunging forward from one minute to the next, before wobbling a bit and settling down. You can almost hear the clockwork.

The exams themselves are going pretty well. If eight weeks ago you'd have told me that I'd have come through accounting, finance 1 and decision science exams without turning into a gibbering ball of stress, or collapsing on the floor of the examination hall in a sobbing bundle I'd have been surprised to say the least. This may be rampant overconfidence and self delusion but I think they went quite well. I won't know till Januray though.

Tomorrow is Industrial Organisations, People and Organisations and Strategic Management. In theory these are my kind of thing, nice essay based subjects with lots of room for waffle. (hint, the trick is to waffle as little as possible). Anyway, I've spent so much time revising the quantitative side of the course I'm woefully underprepared. This is where three years of Oxford tutorials should come into their own. I may or may not know my stuff, but I should sure be able to sound like I do... Fingers crossed.

Tuesday, December 10, 2002

Only in Oxford (Part 34)

would the final piece of revision for an exam consist of remembering how to tie a bow tie. Yes, tomorrow we are into the thick of it in our best sub-fusc (under brown don't you know). That's dark suits, white shirt, white bow tie, gown and mortar board (carried, under no circumstances worn) for the boys and dark suits, white blouse, black neck ribbon and cap (worn not carried) for the girls.

Advanced student gown is the one you're looking at for this

Two hours of accountancy coming up and I feel oddly confident. Can't last though.

Monday, December 09, 2002

CEO's too dumb for business school

At least thats what Lucy Kellaways painstaking research for the Financial Times has turned up. (you'll need a subscription to read it online) apparently the typical CEO would only score 540 on the GMAT, not exactly the kind of thing they're looking for at Harvard. Of course Ms Kellaway is smart enough to suggest that just maybe the flaw lies in the GMAT rather than the CEO's.

Sunday, December 08, 2002

How to make friends and influence people

In a sudden bout of altruism I've just published all my revision notes on the schools internal network. So far the response is positive. I'll be publishing them all on this site too once the exams are over (haven't got time right now). Not so that future students can use them for revision - I'm not convinced they'd be that useful for that, but so that people can see what it is we study here.

Now, back to the books

Saturday, December 07, 2002

Mo MBA Bloggage

Some folks over at Auburn University have been blogging their way through an MBA too. Here's what they made of it

Kid Icarus and the Gang

I think they're starting to get demob happy.

Friday, December 06, 2002

Footnotes and Mnemonics

If like me, and I doubt you are, you're currently trying to remember what Pfeffers high performance work practices are for an exam you might be interested in this handy mnemonic.

Job Rotation
Selective Hiring and extensive training
Teams
Reduced status distinctions and hierarchy
Employment security
Sharing gains with workers
Sharing financial and performance information

Job-Stress makes for high performance, who'd have thunk it.

Still, if this was the only kind of thing I was trying to remember at the moment I'd be a lot happier, but no. Here at SBS we have to remember not just what we've been taught, but who thought of the ideas and when. So were I to quote the above work practices I'd get more marks for adding 'Pfeffer 1996' at the end than I would if I didn't. Before I go too much further I should point out that the courses have been great and there's been an emphasis on trying to make us understand this stuff and apply it to cases. Which I did.

Now however I have to go through the pathetic and pedantic exercise of remembering who wrote what when. It'd make sense if I was an academic, writing a thesis or preparing an article for peer review. But I'm not, I'm an MBA student on what is essentially a vocational course. My future salary will not depend on whether I can remember who came up with these ideas, it will depend on whether I understand them well enough to choose the right ones to implement and implement them successfully. It will also depend - at least in part - on my ability to work out what is useful information deserving attention and what isn't. Sadly I have to spend the next five days memorising junk when I'd much rather be doing some of the optional reading I didn't have time for during the last few weeks...

I'm working on a much longer rant about this, but after it got peer reviewed and dragged into a discussion of reductivist theories in the humantities and the notion of absolute truth in the sciences I decided it might need some more work - in an over christmas kind of way...

Thursday, December 05, 2002

Making progress

All these late nights revising finance are starting to pay off. Sitting through todays revision lecture in finance there's been nothing I haven't followed, and nothing I haven't revised. Of course this is at least in part because I've taken a tactical decision to ignore the stuff about Options, but that's a comparatively small part of the course.

Wednesday, December 04, 2002

Head down, day 3

Today is the third day of eighth week, I've done 27 hours of work this week, with another seven or eight to get through today. To top it all off something has now come up which I feel about sufficiently strongly that I'm going to need to do something about it.

Damn.

On the plus side I'm getting there with the finance revision, market security lines, beta, all that good stuff - I understand it. I may not yet be able to remember the formulas or apply the skills, but I'm getting there.

Monday, December 02, 2002

A day in the life

When people ask me about why I write this blog I sometimes say things like 'because all the MBA brochures talk you through a typical day for a student, and I want people to know what its really like'. So here is what happened to me today.

7:30 Alarm goes off at, however because I spent last night working till the wee small hours I sleep through it. Finally wake at 8:10
8:43 Skip breakfast, make it to school
8:45 - 12:15 Industrial Organisations lecture, half hour break at 10:15, use it to eat breakfast (mmm doughnuts), design an internal poster for the Oxford Business Forum and talk to my New Business Development Project (NBD) group.
12:15 - 1:15, Lunch - eat food altogether healthier Thai Chicken and rice , talk about options trading with two former traders. Realise I still don't understand it. Refuse to believe them when they claim not to understand strategy. (see below)
1:15 - 2 Talk to a group of applicants who are here on interview about the Oxford Business Forum. Spend another 30 minutes talking to them about what its like to be a student here, whether MBA's are worthwhile and how stressful this is.
2 - 4 Head to the library to finish resurrecting my laptop. (spent too much of the weekend reinstalling windows after all else failed - managed not to lose any data). Getting my network connections back takes an impressive two hours - during various system enforced pauses I try and sort out the problems which are besetting getting the leaflets published for the Oxford Business Forum.
4 - 7 Work on group case study for strategic management
7- 7:45 Go home, stop to eat at the Oriental Cafe (thats its name, as well as being what it is) chicken and mushroom with rice. Mmmm. Look at the job centre opposite and remember how grim signing on is.
7:45 - 8 Remember best practice and back up all data to network drive. Wonder which clueless wonder decided that the right place to put your pst file (email) was in a hard to locate hidden directory.
8 - 10:45 Finance revision. I intended to get through two lectures worth of notes, however a realisation that while I may think I understand portfolio theory the numbers just don't stack up scuppers this.
10:45 - 11 Write Blog.
11 - 12 (planned) work on website for Oxford Business Forum.

A note on the exams, I'm stressing about any subject that includes numbers. Bizarrely people who can do numbers seem equally stressed by the 'soft' subjects. Maybe people all tend toward the same stress level during exams, maybe I'm so used to thinking about soft stuff I don't notice it being difficult, maybe, maybe, maybe I need some sleep.

Must work on website...

Saturday, November 30, 2002

Spanners in the works

Just when you're about to get down to a solid weekends revision you boot up your laptop to see 'the following file is missing or corupt C:\windows\winnt32\config\system and after that all you can do is dive into the obscure world of DOS prompts and recovery panels.

Eventually you unearth a procedure for performing open heart surgery on critically ill laptops, it works (hurrah) but only to reveal that the heart wasn't the problem at all, the poor things got brain disease (a problem with lsass.exe) and its time to pull the plug. At time of writing I have no idea what has become of my .pst and document files, the reinstall 'may' have done for them according to the small print. Who knows... All I know is that this isn't revision...

Friday, November 29, 2002

Battling the beat of Redmond

In what's sure to be a MBA case study by the time its over Sun is trying to break the MS monopoly on Office. According to the textbooks what they want to do here is go for Judo Economics, taking a small enough slice of the pie that MS lose more money competing than they do by letting Sun in. Sun's current goal - 10% of the market - looks like it might be in line with this. However Office is arguably a network product, so the more people adopting StarOffice the less MS Office will be worth...

Will Microsoft come down on them like a ton of bricks or let them get away with it? I'm betting on no price cuts for Office, but I wouldn't be surprised if a whole lot of Fear Uncertainty and Doubt is about to come Sun's way.

Thursday, November 28, 2002

Its the way I tell em

Todays' "what would you have done if you were the CEO of Marconi in 2002?" went pretty well. Its a much easier question than "what would you have done if you were the CEO of Marconi in 1997". I mean back then they had options, businesses and profits, back then they were called GEC and were good at stuff. It wasn't big or famous or sexy, but it was £11bn a year in turnover and a big pile of cash in the bank. Then someone suggested that maybe what GEC needed was a little shareholder value...

Now not that this course is leading me to believe that the shareholders who's opinions we're supposed to value are a bunch of whining fickle idiots that companies are better off without, but here's what they did. They appointed a management team who were good at selling stuff, and they sold everything that wasn't nailed down, till all that was left was a telecoms company that they called Marconi. Why did they do this? Well it was the year 2000 and shareholders wanted a telecoms company, apparently they hadn't realised that if thats what you want you buy shares in Cisco, or Nortel, or Juniper or something. No, shareholders appoint managers to manage to shareholder whims and since shareholder whims seem to involve reshaping companies to follow trends instead of doing the sensible thing and moving the money they got themselves a telecom company. In 2000.

So 2 years later you've fired your CEO for doing exactly what you asked him to and replaced him with a new guy - in todays case me. The new guy takes one look at the telecoms company he's been left with, a broken institution thats been shafted six ways till Sunday and realises he's only got one option. Either you turn this failure round or its time to start selling the office furniture and writing P45's. So you write a speech, a big rousing speech for your top hundred managers who just happen to be on this MBA class with you, and you deliver it and they love it. Then someone (lets call him the tutor) suggests that just maybe you did this for the bankers, to make them happy to convince them that when you break this company up and sell it in pieces the managers will stay. Doesn't he get this?

This is a company that the shareholders broke and now he's suggesting that you should keep taking their advice - no way - you fix the company, ignore the shareholders and if they don't like what you're doing they should have appointed someone else. Now this is clearly flying in the face of recieved opinion, but if you're a CEO you're not there to wind things up quietly, you're there to rage against the dying of the light, to claw your way out of the coffin and haul your battered and bloodied company into a more meaningful future. If you're only there to close a company don't call yourself CEO. Call yourself an undertaker.

Wednesday, November 27, 2002

Being CEO

Tomorrow we have a strategy session on Corporate change, and our study group is doing a strategy presentation. It's the first time I've had the chance to enage with the notion of how would you run a company. The company in question is Marconi, and the thing that's really hit home is how little power CEO's actually have. They can set direction, they can push through big deals, but after that all they can do is lead people and set the tone for the company. They can't sell the products, cut the costs or fix the manufacturing - they rely on others to do that.

So being CEO is all about personality. If you can convince others to follow you then your power will be exceptional. If you lack the power to persuade and to lead you'll never change anything and be first against the wall when the revolution comes - and in business revolutions seem pretty commonplace.

Tuesday, November 26, 2002

The Executive MBA

This is a test. You see the Said Business School is trying to launch an executive MBA or EMBA as some people seem to refer to them and I'm trying to do my bit for the publicity. Still, it is worth commenting on the amount of stuff the Said Business School are up to, there are days when its like being in a start up business school, or maybe a post IPO one, since they now have their nice new building and are trying to consolidate after their great start.

One to think about I guess.

The big write up

Silicon valley comes to Oxford was an exceptional experience. I learned a lot and I'm all fired up to go and do something. If one thing summed up the day though it was this, in the evening panel discussion we were attempting to understand what makes Silicon Valley special, why couldn't it happen in Oxford? A local businessman suggested it was house prices in Oxford, No, came the reply from the panel - in Paolo Alto burnt out houses sell for close on a million dollars. People make sacrifices to work in the valley, they sleep in offices, they undertake monster commutes. To blame house prices is to miss the point by a mile. Silicon Valley is not like Oxford because over there people do stuff and deal with the house prices, and the cost of office space and the whatever else.

I have to mention this, half a dozen chinese students are now singing along to something on a laptop in the back of the lecture theatre. Noone knows why and they're not saying - too busy singing. I wonder if they'll stop when the lecture starts again...

Anyway, the *very big* Silicon Valley in Oxford write up will be along soon.

Monday, November 25, 2002

Doing Business School Right


Seth Godin has a piece on MBA's on his blog. Called 'The power (and fear) of self determination' its so on the money about whats wrong with the corporate attitude to MBA's and the attitude of some of those who just view it as a passport to the next step on the corporate ladder.

Sod the ladder. I'm looking for an elevator to fun...

In other news I may have made it to Googles daily updating run. This is very good news indeed if true.

Sunday, November 24, 2002

Help the aged

Bought Pulp's new greatest hits compilation today. Pulp Hits is a fantastic record (odd how we still call CD's records), but its old. Its sooo long since Lipgloss and Babies were the best things on the radio. So long since I was stumbling about at Panic and Bulletproof, so long since Cool Brittania. Long enough that the greatest hits compilations are coming out.

Help the aged
One day they were just like you
Drinking beer smoking and sniffin glue...

26 is too damn young to be feeling this nostalgic. Must try and get to some gigs soon for vicarious teenage spirit or something.

Weekend Roundup

I'll start by saying that all those who warn me that physical activity is bad for your health may have a point. This weekends football match against Imperial College has left me with both wounded pride (a 10-3 defeat in our first 11 a side game.) and a bloody great bruise on my arm gained as I missed my fourth one on one with the keeper of the day.... Still, could have been worse and if we'd had our full side out, (including for instance people who can finish better than me) I reckon we'd have stood a chance.

Thats assuming we could have overcome whats not so much a language problem as a lack of language problem. Pretty much the whole Imperial side were British (their course group is apparently fairly multicultural though) which meant they all understood phrases like 'push up', 'sit in', 'so and so wants' and all the rest. Following half a dozen five a side games we've learned the english football phrases 'time' and 'man on', but useful as these were the transition to big pitches required vocabulary we just didn't have. Ah well.

Still, following our thrashing both sides decamped to the pub to drink beer, eat food and watch Spurs deliver a similar level of humiliation to Leeds, which was nice. It also gave us a chance to chat with some folk on other MBA programs and the conclusion is - MBA students are pretty similar all over the place. Same mix of well travelled, multi-skilled bright folk. Somewhere along the line we're all learning to fit into an MBA subculture, the kind of thing that means in years to come we'll wander into a fortune 500 company, look at the people in the cantine and spot the ones with the same qualifications. Wierd, but possibly true.

In fact this weekend has been largely about fitting work in around sport, what with having to suffer watching Newcastle fall apart at Old Trafford again (It's always on TV too) and then cheering myself up by watching England annihilate South Africa in the rugby. Oh, and on my way to watch the game I ran across an awful lot of people I used to work with on their way out of a wedding and heading for a pub, congratulations guys.

There was also a party thrown by a friend of mine - the theme was historical - which was held to include the late 20th century. Since costume is not something I own a lot of I donned a wig, unearthed an old leather jacket and went as my earlier self. (Once upon a time I had several feet of hair, these days I have several milimeters). While several people looked on in confusion it was worth it for the hostesses reaction of "Oh my God, you've come as you!". Happy Birthday Liz.

The result of all this was that work has been forced to exist around the edges for a few days. However with three weeks to go to exams its time to do the decent thing, cut down on the nights out and give up alcohol for a few weeks. No more quiet beers, just fruitjuice and hard work from now on.

Friday, November 22, 2002

Mines an Inspiron

Oddly enough I don't feel the need to check whether or not all Dell's machines suffer from this problem

Lucking out

I popped in to talk to the PR person here at the school earlier this week to talk about ways of publicising the Oxford Business Forum. Following a bit of a chat and the story of how successful my coverage of the Oxford Union debate was I've been asked to try the same thing for the Silicon Valley comes to Oxford event. And, as an added perk I get to go to the press lunch.

Doesn't sound like much, but here's how it works. There are eight of these high powered silicon valley folk coming to talk. The press lunch will be them, three professional journalists, and me. I imagine a few faces from the school will be there too, but basically its an incredible opportunity and I'm going to have to spend the weekend doing my homework so I can talk knowledgably about all kinds of stuff to these guys.

First on the reading list, this new paper outlining Microsofts shift in its policy on privacy. Summary here.

Wednesday, November 20, 2002

Real time skills training

Snowball training consultants have just pointed in my direction and said that the reason I took out my laptop was because I was bored by the deliberately boring clip they showed. Thats not quite true. Its more because I'm bored by 50% of what they're saying and have decided to devote the rest of my time to blogging whats happening here.

To date we've had a slide on the need to build logical presentations >> good stuff. We've also had several slides on the history of european logical thinking. It was, if nothing else a sound demonstration of why you should never let your undergraduate degree burst onto the stage during your professional life. Following on from the deliberately boring video we're being shown a John Cleese presentation on Proportional Representation which is a great deal better. I imagine they'll tell us why in a minute. I'd imagine its at least in part due to some of the half baked arguments he's just rolled out. Never let the facts get in the way of a good argument.

About now I should probably tell you what these people are like. If nothing else they're reminding me of Trinny and Susannah, two style gurus who tart about on UK TV telling people how they're terribly badly dressed while believing that someone somewhere might care. Kind of like this lot, Snowball is an all woman company, they deliver their fairly average skills training as if it was manna from heaven (they're just explaining why) and there are a bunch of really quite bored MBA students watching this now.

Ah, one or two people have started having a go. Always happens when someone loses the class, you can either sit around being bored or give the person on stage a hard time. They're now talking about how to end a presentation, sadly I'm trapped in here for another 75 minutes. This could be my longest blog entry ever...

Oh, KISS = Keep It Simple Stupid, not Keep It Sweet and Simple. Surely? Surely the first is the original and the best.

Only 8% of audiences do inference and deduction apparently. The rest are dumb and need signposts....

The strident bossy one has just been replaced with the slighty apologetic one. They've shown us Ballmers monkey man appearance like its something we'd want to do. Or indeed like it was something he wanted to do. Steve MonkeyMan Ballmer, added a lot to his prestige didn't it? Then again, I used to start presentations with a video of high school children being torn apart by ravenous wolves. No really, it was an advert for Cyberian Outpost, but it woke people up.

Abraham Lincoln, Winston Churchill, Malcolm X, Martin Luther King. Not one of them had powerpoint. Just a thought.

They're rambling a bit now. Introductions, visuals, we've got rhetoric to look forward to apparantly. In true Platonic tradition I hope. They're also just realising that no-one can remember their last presentation very well. Oh dear. Still, it was six weeks ago. I swear you could get this lot into half the time. Questions have started again, the natives are getting restless.

Tuesday, November 19, 2002

Oxford Business Forum Gathers Steam

Six weeks ago nobody on our course knew what the Oxford Business forum was. Since then we've organised ourselves into teams, booked hotel rooms, designed (but still not printed) brochures, and invited guests. Today we got our first reply, and it was a positive one. Sara Weller, assistant MD of UK retail giant Sainsburys is going to be coming. Good stuff.

I spent a good hour and a half today talking to the schools PR department about what they can do for us on this, and somewhere along the way mentioned the benefits of websites like this one, and all the traffic I managed to score by covering the Oxford Union debate and... Well anyway, next Monday is Silicon Valley comes to Oxford day, on which some serious luminaries from the valley will be descending to talk to us about just how you go about making money in todays networked world. I mentioned that I'd be writing this up for you guys and five seconds later I'm invited to the press lunch - t'daaa. That's me, a couple of journalists and the cream of silicon valley, you've gotta love this place. So I promise you all top notch coverage of Silicon Valley in Oxford - top stuff.

So, I've signed up to talk to Raymond Nasr of Google and Jeff Skoll, but now I get to meet the rest as well...

First 'exam' today

Took first mock exam today for financial accounting. Some things went well - like the essay questions where you can rant vaguely for ten minutes and pick up marks. Dislike the fact that I forgot how to calculate profit margins - about the one thing I knew how to do before I started the course...

Ah well, think I scraped a pass so there'a hope that I'll be here next term yet.

Saturday, November 16, 2002

Best. Game. Ever.

Well, maybe not that good, but Wednesday's fantastic victory for Newcastle United over the forces of Feyenoord definately ranks up there. From Bellamy's first half opener, to the nerve wracking equalisers to the last ditch winner, all mixed up with the equally vital news from Kiev it had everything. I mean, after that lot who would want to support one of those boring teams who win things comfortably? Certainly not me, and as the goals rained in and my nerves jangled I did the patriotic thing and got stuck into a bottle of brown ale. Or two.

So there was no posting on Thursday on account of my hangover, and then there was a pub crawl on Thursday, and then after that there was last weeks cancelled lecture instead of the usual chance to get stuff done on Friday and well, its all been a bit busy. Still, I've finally managed a solid nights sleep and so far this weekend's been pretty productive. This is good, because tomorrow we play football against LBS and I'm not going to be good for anything after the match.

Thursday, November 14, 2002

New bright idea required

A while ago I made a post about meta core competences and decided that if I could develop this idea I'd have a career as a management guru. My strategic management lectuerer who is a genuine strategic guru has just used the phrase "meta core competences" without even feeling the need to explain it.

Back to the drawing board.

Monday, November 11, 2002

Because I'm worth it

L'Oreal careers gig this evening. Come work for us, big brands, career structure, freedom to pursue your goals, varied roles, responsibility as soon as you want it. One day I'll go to one of these and a company will say something interesting, something that makes me bounce up in my chair and go 'Wow! give me a job, pay me peanuts, just let me into your offices!' but it wasn't L'Oreal. Very slick though, and you can't fault the commitment, the MD UK and half his head honchos were down here, and give them their due, they were an impressively young bunch, as one told me..

"L'Oreal believe in MBA's"

which is nice. So there I was, thinking of awkward questions to ask and I thought, no, I'll just ask them about online marketing - it's in their brochure, only nobody knew anything. Well, that's kind of harsh, their head of HR guy knew enough to talk about it for five minutes, long enough for me to realise that L'Oreal just aren't taking it seriously enough. They're starting to make the right noises though, relationships, closeness, intimacy, its just you and a screen online, just like putting on makeup I guess, you and a mirror. Sit down, look for yourself in the reflection - who knows. Anyway, L'Oreal don't get the web yet, I mean, the effort that must have gone into this, and yet no one's watching. Ah well. Still, double digit profit growth for seventeen years, you can't knock the rest of the business.

L'Oreal, worth a CV?

Oh, and they have this e-strat game. Which looks like a genuine attempt to do something cool, in fact, it looks like it could be a fine and exciting game. It also looks like a time killer, and the prize for not winning is four days in Paris and an MP3 player, assuming you come close. After that it's t-shirts. I'm guessing that winning this is a lot of effort, say 100+ productive hours between three people. Easily enough time for an MBA student to earn enough to buy their own damn MP3 player and a week in Paris. Today's big idea :-

Don't sell the prizes, sell the game, it's all most of us will get.

Besides, until I can compete one on one (or team on team) rather than trying to rack up a score against a machine I'm not interested. We all know algorythms aren't as clever as we are, but other people, well now you're talking.

Sunday, November 10, 2002

Much to talk about

The end of the week brought a flurry of decision making and cool stuff. First up was having to choose who I wanted to go and see at the 'Silicon Valley comes to Oxford' event. In a similar way to the Oxford Business Forum a number of top names are being brought in for panel discussions and small group tutorials. Among the names on the list are founders from Paypal and Ebay, Directors from Google and big names from Cisco, as well as a bunch of venture capitalists and such.

I've asked to have my group tutorials with Raymand Nasr, who is director of Executive Communications at Google and Jeff Skoll, not so much for the Ebay stuff, but for the Skoll foundation. So, hopefully there'll be plenty to blog about there.

Next up was the announcement of the external opportunities for the New Business Development Projects. These projects require us to write a businessplan for a new business and to hand it in before the third term. In effect most of the work takes place in the second term, but right now we need to organise our groups and choose our projects. Choosing groups was a fairly organic process and most people seem to have found one by now. Some of these groups were formed by people who arrived with their own ideas for new businesses and fairly impressive aims. Its probably not a good idea to talk about this too much, but a couple of folk are looking to develop some interesting patents, and one group seems to have found a giant gap in a large market. Every year a couple of companies come out of the NBD projects and its easy to see why.

Anyway, my group doesn't have a cool idea and so we're going down the alternative route, by which the school invites people who have ideas and need business plans to make suggestions. To choose from we have a number of technology transfer ideas, half a dozen ideas for .com's (most of which I think will get fairly short shrift) and one or two oddball projects. Again I don't want to say too much right now, because if multiple groups want the same project there'll be a competitive pitch, and many of the projects are under confidentiality agreements. Suffice to say I'm confident we'll end up with something interesting to work on.

Right, time to go and play football.

Thursday, November 07, 2002

Too much too young!

Manic is such a nice guy he gives money to young offenders, and now he wants your help. Michael Carroll needs more money!

And I thought I was the first


Seems this whole mba blog for Oxford thing has been done before...

Surfing for fun


Right, we've had a lecture cancelled today due to the tutor being ill, so its time to do something I have't done in a while and wander the web randomly.

First up, whatever happened to peace love and understanding? America's youth are the new war generation

I first heard of Corporate Storytelling just before I left work, if I was still there I'd be trying to sell it, and playing with enterprise blogs. It's nice when people aren't scared of being obviously acedemic at work.

Pixie dust keeps Moores law intact for a few more years

I'm more worried than usual about Rageboy's state of mind. Although since I've never met him I'm only really worried that I won't have such a convenient source of provocative song lyrics anymore.

If I read Phill Wolff regulary the people and organisations class will be even easier. Must build that MBA resource section, blogs are a fantastic source of ideas and more importantly quality critical discussion. All CEO's should be forced to blog...

Radio 5 had a long report on Zimbabwe this morning. Seems Muagabe's wholesale theft under the banner of land reform has created a famine as farms go untended. The result, he's trying to endure aid only goes to areas that support him, millions face death. One thing about business school, its easy to stop reading the news.

Oh, this weekend the girls on our course have organised a trip to have a 'post modern feminist conversation' in the pub, apparantly they can't do this with men around. Perhaps they should invite Terrifica to make sure they don't fall prey to any evil men while they're at it. No prizes for guessing which nations women came up with the idea...

Wednesday, November 06, 2002

Stepping into the light

This week has been the thoughest yet. All our lecturers on Monday and Tuesday commented on how tired the class looked. I think its fifth week blues, ok, its only fourth week, but we started a week sooner than most students so Oxford's traditional depression came early. Today though, after days of late nights and barely understood lectures I found myself in sight of the end. I have one lot of reading to do for tomorrow's finance class and I'm back on top of the work. Hardly bears thinking about.

So, what to do with the weekend? well if I can have a relaxed, productive weekend (just 10-12 hours work) I reckon I'll be set fair for next week... Now though I'm going to answser all those emails I've been ignoring since Saturday...

Update Adam is knackered too, and so is Adrian. I think we're all starting to feel the pace. (Although Adrian's had more practice at this than Adam and I)

Sunday, November 03, 2002

Born under a bad sign with a blue moon in your eyes

The First Presbyterian Church of Elvis the Divine rolled into Cowley last night to bring the gospel message to the sinners of East Oxford through the only medium they truly understand, sweet country acid house music. Headed up by Larry Love, ably supported by the very Reverand D Wayne Love and dressed like something out of a Garth Ennis novel the Alabama 3 (all 8 of them) set about shaking the town to its very roots.

Sadly though the Alabama 3 aren't quite the revivalist experience you'd hope for, more a pub band with a good joke who got lucky; and the new stuff isn't a patch on the Exile on Cold Harbour Lane material. (although the Devil went down to Ibiza is a fine name for a song). Still, in Woke up this Morning, Mao Tse Tung said and U Dont Dance 2 Techno they had the material to keep the crowd happy and there was plenty to like. You just get this nagging feeling that on the right night and with a little more effort they could be so much better.

Friday, November 01, 2002

Economist offer MBA Advice

The Economist have produced an online special about MBA's which contains loads of useful background for anyone thinking of taking an MBA. It also contains a piece on Jeffrey Pfeffer who has come to the conclusion that MBA's aren't worth very much.

Now this is an opinion you can hear in any bar, but Pfeffer isn't some tanked up middle manager (well he might be but...) he's a professor at Stanford and something of an expert on working practices. So expert in fact that his book 'The Human Equation' is forming the bedrock of my people and organisations course. His big argument is that MBA's don't seem to progress faster in their careers than other non MBA executives. Evidence from this is drawn mostly from consultancies and banks who conduct internal surveys about career progress.

Now I've not read the full piece on account of it being available only in a shiny new journal who presumably wanted a nice controversial piece to get themselves some press when they launched, but if that's the best evidence he's got I don't buy it. You see, if you walk out of business school and into Accentus or KPMG, or Goldman Sachs you're walking away from most of what you were taught. Your new found knowledge of marketing and brands isn't going to help you broker mergers anymore than your financial insight is going to help you design a new ERP system for someone. The best place to learn to be a consultant is in a consultancy and the best place to learn to be a banker is in a bank...

So what am I doing here? Well there are a bunch of answers, I could be learning to be an entrpreneur which is something I'd rather not learn through trial and error. I could be learning to be a CEO which will require an understanding of all of a company and a load of disciplines, something It'll take decades to learn through hands on experience. You see the point I'm making (badly) is that this is a generalist subject and most graduates then waste their breadth of education by plunging into a narrow career path where breadth of vision and understanding comes a distant second to being very good at whatever it is you spend 80% of your time doing.

But like I said earlier. I didn't come here to walk into a mediocre job at a big five consultancy or a big desk in a large bank. Of course, I'm still not sure what it is I am trying to learn but there you go...

Finance gets ridiculous

Only at Oxford would they expect you to get your head round three nobel prize winning theories about finance in a single lecture. Did I succeed? Of course not, that's why I'm about to spend most of the weekend with a finance text book.

Strategy gets serious

After last weeks moaning about strategy Thursday was a much needed restoration of faith. The course is being taught by two professors and in place of last weeks reductionist Porter view of the world which gets everything onto one diagram so you can sell it to time pressed managers came some rather more sophisticated models. David Faulkner introduced us to consumer and producer matrices, which is nice because he came up with the things in the first place and they're damn complicated.

It was also the most 'oxford' lecture I've been to so far. He started by admitting he was likely to forget to cold call, and in any case couldn't read the names of people at the back of the class so what would be the point? Then we got a clearly constructed lecture that cruised along at pace and left us all with the impression that an awful lot of knowledge had just been dumped directly into our heads. Good stuff, especially as strategy is the subject I'm most interested in.

Changes at Amazon

Adam has pointed out the new Supertabs at Amazon. First reaction, "Oh my god, yet more really bad invasive advertising". Then I realised it wasn't, I've just developed a knee jerk reaction that assumes any large logo on a screen has been put there to annoy users in the name of advertising. This I quite like, it doesn't break the medium, it tells me where I am and it makes sense.

So does Amazon's creation of virtual 'concessions' selling other people's products to their own audience, smart man that Bezos guy.

Oh my god my head hurts

Hadn't previously realised just how much alcohol could be imbibed in the name of Halloween. Fortunately no lectures for me today. I feel a quiet Friday night coming on.

Monday, October 28, 2002

Hitching a ride on the cluetrain

Way back in the day it was suggested that markets were conversations. So radical was this idea that the authors nailed their 95 theses to the newborn world wide web and invited the world to talk to them. Fortunately they did this at a time when such ideas were fashionable - if not understood - and so avoided the brutal execution that may have been their fate in earlier times. Instead they were encouraged to inscribe their ideas on the carcasses of millions of dead trees. Rather surprisingly people read it. I wasn't one of them - after reading the theses I was far too busy talking.

All of which is a long way of introducing the following

$200 000 gets you 40 million banner impressions * 0.2% conversion rate = 80 000 page impressions

Leaving aside the difficulty of finding 40m page impressions to put your banners on, a place that will sell at $5 per thousand or a banner that will perform as well as a 0.2% click through rate $200 000 is still a lot of money. A great deal more money in fact than Nick from Magdalen could have raised to publicise his views on digital music. One conversation on Slashdot though and he's got 80 000 people wandering around his website, every last one of them interested in the same subjects he is. So the moral of this little story is that if you're a marketeer looking to take out some online advertising, THINK, would it be easier to just say something your audience is interested in hearing?

Anyone would think there was something in this conversation thing.

Of course the chaps with the theses weren't the only ones

Soul of a new institution

Well, its been an interesting few days, what with being on the edges of a Slashdotting and right in the middle of an NTK'ing - traffic soaring to a healthy 3000 visitors on Sunday. I hope you all found it interesting. Anyway, three days is plenty long enough without a comment, so back to the blogging...

Today was trundling along quite nicely, but at lunchtime a theme emerged. The theme was "What is Said Business School all about?" and all and sundry had opinions. Those of us who know a bit about other business schools quickly worked out that whatever we're about we're different. The class profile here is much less traditional, fewer investment bankers, consultants and accountants, more marketeers, salesmen, entrepreneurs and random mavericks. We're also I think much more international than most business schools, 143 people and 31 nationalities is good going. Other folk pointed out that life here is both more academic (more whys and less whats when it comes to questions) while others pointed to the new / summer business projects as evidence that we're supposed to be practical, hands on and entrpreneurial.

The truth is of course that we don't know. When I came here for interview I said that I wanted a chance to make my mark on a young school, and I very much think that the future identity of SBS is up for grabs. The theme continued into our financial accounting class when our professor led a discussion of why we actually study financial reports. It's about being good citizens he said, never mind when you're a CEO what you need to take away from here is an understanding of where all these numbers come from and what they mean, since they have so large an impact on the world that not to understand them would render you ignorant. Too few people - even analysts - actually know what the numbers mean, so its important that we learn to develop our critical faculties and understanding of what lies behind them. Oxford it seems wants to develop some higher purpose for its business school, and that's fine with me.

Update Seems the debate got Registered too, must be the most coverage the Union's had in years. Wonder if they've even noticed.

Thursday, October 24, 2002

Talkin' 'bout my g g g generation

"This house believes that 'the free music mentality' is a threat to the future of music", was tonights' debate at the Oxford Union. Now somewhere along the line I'd got all excited about the prospect of seeing Chuck D and Bruce Dickinson in some kind of celebrity death match showdown over digital music. You know, The Trooper vs Terminator X or something, but never mind, they both cancelled, leaving us with a number of record industry bigwigs to do the talking on both sides. Here's a quick rundown of the speakers...

In reverse order..
Ronnie Gurr, Founder of Richard Branson's V2 label (Against)
Jay Berman, President of the Federation of Phonographic Industries (For)
Doug D'arcy, Chrysalis (Against)
Chris Wright, Chairman, Chrysalis Media (For)
Nick King President of Nielsen Entertainment (Against)
Hilary Rosen, Chairman and CEO of the RIAA (Recording Industry Association of America) (For)
Will Harris, Student, Keble College, (Against)
Nick Pacheco, Student, Christchurch College (For)

Now, my original plan was to assemble some kind of coherent summary of the whole debate, notes about each speakers performance and so on. However I forgot to take a notepad, and to be honest, most of what was said has already been said plenty of times. For the record though Nick Pacheco may have come second in some world debating contest but until he learns to speak slowly, breathe between sentences and deliver his arguments in a manner that makes them somehow listenable he's never going to come first.

Fortunately the industry figures were up to snuff, presumably years in business provides an ability to talk that the Oxford tutorial system hasn't quite replicated yet and they were clear and cogent across the board. Both sides wasted no time in proving that they'd heard of Napster, Morpheus, Gnutella and co, but the technical debate got no further than that. Indeed aside from Hilary Rosen's insistance that no copy protected CD has been issued in America there was no desire to talk - or even mention tech in anything but the most general terms. So, what did they talk about?

On the for side was an impassioned plea to spare the music business, after all - without them who would find, distribute and publish the new music? Do we know, we were asked, just how long record companies back artists? It could be years, three, maybe four albums before they turn a profit, and as was quite sensibly pointed out, just because you can make money in the music business doesn't mean you can't lose it. I should say that I believe these people when they say they care about music, that much did come through. Its easy to say that the music industry is what pays their wages, but I'm pretty sure that at some level they believe that what they're doing is right. They have of course made huge emotional, financial and personal investments in the companies they run. You'd be surprised if they hadn't, but one or two cynics may have realised that at least to the managers (if not the shareholders) its not all about the money.

Against the motion was a combination of lambasting the industry for stifling creativity, foisting pop-stars, pop-idol and co onto the unsuspecting public, profiteering at the expense of the artists and - one of the more common words of the evening - 'incompetence'. It seems pretty clear that there is some commercial interest in embracing new ideas - maybe not at the level of the big five, but music distribution is on the agenda at some places. Doug D'arcy of Chrysalis even made a plea for a return to the 60's when musicians had to choose between playing free gigs (he assured us they wanted to) and playing paid gigs (they too had to pay the man...). The suggestion was a simple one, copy protection for those who want it, and the right to distribute for those who don't.

Now the last two speakers get their own write up - cause they were worth it.

Jay Berman is one of those old American businessmen who exude charisma just by opening their mouths. Make no mistake, the guy may have known he was on a losing side but he was a damn fine speaker. He didn't say much, probably the shortest speech of the night, and when he pointed out that everything that could be said had pretty much been said you got the feeling he wasn't so much talking about the night - as the last few years. He's heard it all and he's standing his ground, period. His one message though was this

"Each generation has had their own music. For your generation it's filesharing. And I think thats a pretty terrible thing"

I may be misquoting slightly, but thats the sentiment, we're going to be defined by our theft of intellectual property. It was powerful stuff, delivered with plenty of bombast, but to the audience it was just be a sign of how far the music industry has gone from its roots. This years kids? they're not cool anymore.

Ronnie Gurr summed up against with a pretty long speech, and while he took his time getting started (a mild scottish mumble of an accent didn't help the first minute or so) he turned it round in the end. Its all about the "Whats that?!" moment he said. That point where you hear a tune and have to have it. He said nice things, he told us we weren't criminals for downloading music and he had enough command of the evidence to make his case well. He also had the ace in his sleeve, Howard Berman's bill to legitimise hacking by copyright holders and the massive donations he's recieved from the music industry. 'Pure coincidence' he assured us. Given that Berman had opened by telling us that "the music industry never hacked anyones computer" the introduction of the evidence that it was just waiting till it could purchase the required legislation pretty much ended the debate.

There was a final kick of defiance as Ronnie Gurr summed up with what was one too many assaults on the record industry's management, 'personal and offensive' was the gist of what Chris Wright was trying to say before some student shouted him down on a point of order. It didn't matter, most of the audience had gone to the bar, the result had been decided before the debate started, and whatever Bruce and Chuck had done with their evening off, they probably weren't regretting it.

Further coverage...
Need to Know
Nick at Magdalen

Always end with a quote

Imagine no possesions,
I wonder if you can,
No need for greed or hunger,
A brotherhood of man,
Imagine all the people
Sharing all the world...

Speak MBA

Strategy class today. Now I don't have too much of a problem with what we're being taught - Porters Five Forces model, Levett's Customer Defined Markets, this kind of thing. The main thrust of it all is the creation of sustainable competitive advantage which is pretty much the unchallenged paradigm within which strategy discussion takes place - a robust enough concept on which to build a discipline. All in all, what you'd expect.

However a few things came out today which I was less happy about. One was the notion that we should develop our rhetorical skills so we can deploy and use these theories on future potential clients. The phrase for this? "Learn to Speak MBA" Strategy is after all open to a lot of interpretation and its going to be a tough sell. Well, OK, rhetoric is an important part of any non-scientific subject. But to suggest that these theories can be presented as nothing more than temporary con-tricks, fashionable ideas that can be manipulated to win business or alter stock prices is crass. What we need is to be provided with an intellectual model within which we can evaluate, criticise and create theories, and if the end result is theories that are difficult to apply or understand well so be it. You don't find sociologists and historians trying to explain capitalism with single powerpoint slides.

At the end of the day though the market in strategy is messing up not just implementation (probably unavoidable) but the teaching of the subject. If things are complex or demanding then tell me so and give me the tools to understand them. Don't fob me off with a simplified version and an assurance that combined with a little rhetorical flourish this is all I'll need to make my way in the world. I don't want to know when an idea is fashionable, I want to know when an idea is right.

An American Dream?!

Yesterday was People and Organisations, which I pretty much think of as the class on how to make people happy and productive, or at least productive (and most enlightened theory seems to say that happy people are productive). Anyway, we had a discussion of Nordstrom's labour difficulties which opened with the rather theatrical question :-

"Is Nordstrom the American Dream or the American Nightmare"

and about hallf the class said dream. Now, maybe its my left leaning upbringing, but in the late 80's there was a culture of systematic employee abuse by middle management at Nordstrom. Can bloggers be sued? I'll say it again "there was a culture of systematic employee abuse by middle management at Nordstrom". Now frankly once you've got that I don't care about Earnings Per Share, or whether some employees had massive opportunities to earn, because the only way to get them was to trample over the rest of the labour force.

Fortunately in this case the courts agreed with me, but I do wonder. Do some of my classmates think Nordstrom's only mistake was to get caught?

Monday, October 21, 2002

In other news

Quick roundup. This Thursday I'm planning on going to see Chuck D and Bruce Dickinson duke it out at the Oxford Union over whether digital music and file swapping a la Napster is a good thing. For a number of reasons I'm getting seriously interested in this - and much as I like Maiden, I'm coming down with Chuck D on this one, either the record companies get with the program or its welcome to the terrordome...

Todays recommended reading is this, on technology, progress and economic revival. It's also the best treatment of the now hackneyed 'internet as railroad' analogy that first emerged sometime last year.

Food at the business school continues to be good stuff. Don't remember getting served chilli prawns and linguini when I was an undergraduate. And last week we had polish day in the cafeteria - complete with shots of Vodka (no wonder I can't remember the finance lecture).

Finally >Jenny Brown thinks I'm an OK MBA. I'm guessing this is progress - certainly makes me feel a little better about having crashed her blog with random comments...

And just when are you going to do your revision?

That was the challenge from our revision professor for finance. As he put it, most of us sat through last weeks lecture thinking, this is cool, I understand this, no worries. So today he gave us a pop quiz. What is the meaning of accrual? How much dividend can a company legally pay? And while we kind of knew the answers we weren't providing the word perfect exam standard answers we're going to need. Revision required - starting tonight. You see we've got eight weeks of lectures - then the exams, no break, no chance to write notes. You know it then - or you fail.

Sunday, October 20, 2002

CV Writing, ludicrous laws and ambition

We've been working on our one page CV's this week. Apparently there is a standard, one page CV format that all MBA recruiters will expect to recieve our CV in. On Friday we had an hour brief on this format, half an hour of which came down to whining. Turns out that in the US firms can be sued for asking about your age, race or origin. It also turns out that firms are now so paranoid about this that they will turn down any CV applications that might provide them with this evidence, so the Americans on the course were worried that the schools file of MBA CV's might be binned by US firms as just too damn revealing.

I'd like to start by saying that this is pathetic, on behalf of the firms, the overblown political correctness that got to this situation and an entire culture that thinks the courts are the answer to anything. One day someone will work out how much damage lawyers do to the American economy, they may even notice how dumb this stuff is. Anyway, it might be a good point and it might be worth changing the CV's but it wasn't worth thirty minutes of tarting about.

The real point though is this. Those of us with MBA's are supposed to be special. We're supposed to be achievers, we're supposed to be the ones who are going to make things happen in the next twenty years. We are not supposed to be sending STANDARD CVs to the USUAL recruiters, to get the SAME jobs that everyone else has. I do not want to be in Investment Banking, Management Consultancy, Finance, Strategic Consultancy or any of this other hum drum boring crap. I want to **do** something, build a brand, found a company, launch an idea, develop a product. I want to contribute, and when I need a financier, an investment banker, a management consultant or some strategic guidance these folks can damn well realise that they're working for me. (even if they are making ten times as much money)

The only famous consultants are the ones with their names over the door.

Saturday, October 19, 2002

Learning through humour

Its amazing what a few jokes can do. I've just got back from football practice and as we waited for people to turn up we managed to make jokes about normal distributions, bell curves, and decision making bias'. That seems to me to suggest that people (me included) are starting to feel comfortable with some of the stuff we've been taught. Comfortable enough to play with the ideas, kick them around and use them as joke fodder.

On the other hand I've now had three different lecturers tell *exactly* the same joke. I'm going to repeat it here so you can use it to impress your friends, or bluff your way in executive circles.

"Milton Friedman and his wife are walking down the street when they see a ten dollar bill lying on the pavement. Milton walks straight by, his wife asks "why didn't you pick that up?" he replies "Its fake, if it was real the market would have picked it up"

No wonder we're trying to invent our own jokes.

Friday, October 18, 2002

First week survived

Six three hour lectures, assorted extra classes and workshops, one written submission (not quite finished but under control) and I may have got through the week in one piece. I now believe I can pass this course, not the same as saying that I will, and there's this big caveat called 'Finance 1' that needs to be bolted on to that but we're getting there. If only my brain would work today, aside from a few hours on the case study today has been an exercise in trying to focus. Must concentrate, must work, must not burn out.... Must do stuff...

Plus points, study group working well. When your academic fate is in the hands of five total strangers it helps when they turn out to know their stuff. Also helps when they cease being strangers and start being friends. Which is a point, I've been with this class two weeks, and already its starting to feel friendly. Not just folks being nice to each other, but genuine friends type stuff. This is a good thing.

Thursday, October 17, 2002

Targetted

Yahoo have worked out I'm on broadband. I'm now getting even more annoying adverts. Todays number one intrusive media annoyance - Chevrolet. One more time for those who slept through the last couple of years

THE WEB IS NOT LIKE TELEVISION

And the beat goes on

Day 4 and I'm starting to get tired. Get up, go to school, lectures. Go home, read, work. Tomorrow is Friday, I have no lectures on Friday. This is good because in the next three days (Friday and the weekend) I have at least twenty hours of reading and writing to get through. Yesterday I had half a day of lectures and tried to go to the gym *and* watch the football in the evening. As a result I'm now well behind and am looking at a mountain of work to get through tonight.

Its tough stuff this business school lark. On the other hand, I'm definately learning. In the four days to date I've learned a bundle of stuff, am thinking about some things slightly differently and am starting to really relish the challenge. I can feel my head starting to adapt to new concepts and pretty soon I'll be able to work with them properly - new ideas to use as tools, new evidence to use in argument, new ways to look at things. Just so long as I don't end up believing any of it too much. If one thing is emerging as a theme it's that business theory is an elaborate construct, a system of best guesses and estimates. Even the ultra-analysed capital markets are irrational at the edges.

Thats enough, lectures will start again in five minutes

Monday, October 14, 2002

I'm board

I'm someone on the board. Well, sales and marketing team leader for the Oxford Business Forum anyway. The good news is I got to write my own brief

"Make the Oxford Business Forum famous"

the bad news is I've got to deliver against it. Ah well, we have leaders, we have ideas, we have motivation. We need speakers. Are you the CEO of a fortune 500 company or an individual who has somehow changed the way the world works? If you are drop me a line on obf@mba-experience.com It'll make all our jobs easier.

How to answer a case study

The afternoon was given over to the complicated business of responding to a case study, my group did a decent job preparing the case, but it was interesting to see just how rigourously a case can be taken apart and how many distinct areas can be explored from a fairly simple set of information. (a case is 6-10 sides of A4 describing a business problem). Todays' case was about events at Ogilvy and Mather after Charlotte Beers took over - things seemed to be going OK, but I felt things were getting a little hagiographic and in best Oxford Tutorial Style (TM) launched a big old broadside attack on the womans' management style. It would have worked too, except I got some of my facts wrong. Hey ho, learn by doing and all that kind of thing, balanced opinions never got anyone anywhere.

We now have a bunch of slides on how to do case studies which I've tried to distil even further. My thoughts are.... Establish a context for the case, establish a chronology for the case, identify the key events within that chronology, identify the drivers behind the events, look at the results, suggest actions. Doubtless this needs refining, but we've got a lot of these to do and if I can get a 'mental assembly line' in place for this stuff things will go a lot quicker.

Day one

First lecture today was Industrial Organisation, or the study of market power, or micro-economics and imperfect competiton, or... it had a lot of definitions. It also had a good lecturer (I'm a sucker for cartoons) and some refreshingly comprehensible material - basic economics and an extended discussion of rational decision making. I said stuff, asked questions and generally felt not dumb - that was left for later in the day.

There was also a joke worth repeating...

How many MBA students does it take to change a lightbulb?
Only one, if you hire me. I can actually change the lightbulb myself. As you can see from my resume I've had extensive lightbulb changing experience in my previous positions. I've also been named to the Oxford lightbulb list and am currently teaching assistant for light bulb management 666. My only weakness is that I'm compulsive about changing lightbulbs in my spare time.

Apologies to anyone in group A who have now had the best part of the lecture spoiled. You had to be there...

Sunday, October 13, 2002

The reading begins

Courses start tomorrow and the class finally seems to have realised that 'do the reading in advance' means 'do the reading in advance' and that there's a lot of reading to be done. I was expecting this, so a lot of my reading is done, but even so there have been one or two extras thrown in to keep us on our toes and make sure our social lives don't start taking more than an hour or two of any given day...

So, I've been looking at case studies on Ogilvy and Mather and the collapse of Barings Bank. I've also read a really interesting piece on the challenger shuttle crash; at first I thought this might be a little macabre, but as the author points out how often does a management decision generate 200 000 pages of evidence? Monday is Industrial Organisation and a study class on how to do case studies properly. Then its right down to brass tacks.

Thursday, October 10, 2002

klogs, blogs and accelerating industry

You turn your back for a minute and the whole damn thing changes. If I'm not careful I'm going to stumble back into the realm of new media looking like some out of touch, out of date refugee from the early 2000's - which is of course exactly what I will be. Seems the adoption of Blogs is accelerating - first up, Klogs or Knowledge Weblogs - kind of internal enterprise repositories of knowledge, or maybe just online places to think. Phill Wolff is the place to start your reading on this.

Hmm, if I get five minutes to think I'll see if I can work out what the class could do to aid this - communal reading blogs for classes. Oh, all you MBA's and future MBA's reading this take a look at this. Its Doc Searls weblog, you read it, you follow the links, you hunt out the interesting stuff. Its part of a public, private conversation - an in club thats open to all. In this case the club is for thinking very hard about the internet, new media and how to get value out of technology. Thanks to this same technology the velocity of the conversation is fast, and thanks to it being public anyone can keep up to speed by reading along. By the time McKinsey or PWC or IBM publish their whitepaper on enterprise blogging these guys will be onto something else, despite the fact that there's probably someone in IBM joining in this conversation right now.

Can you distribute knowledge, information and debate between your offices at the same pace this conversation happens between individuals spread out across the world?

Wednesday, October 09, 2002

The Oxford Business Forum

Some time yesterday afternoon Nico and Eric got on stage to talk to us. Now, we didn't know who they were at the time, although if I'd thought about it I may have recognised Nico from the press photos. About this time last year Nico was badgering the school and his fellow students about an idea he'd had. He wanted to invite world class business leaders to the school to mentor students, not to stand up and talk, but to sit with us in small groups and chat. Now it turns out that Nico must be a pretty incredible guy because he made it happen.

Likewise last years Oxford Business Forum must have been a pretty incredible event. It would have been even more incredible if Romano Prodi and Bill Clinton hadn't dropped out at the last minute. It happened because Nico, Eric and a bunch of other students made it happen. Nico, Eric and the school were so pleased with it they wanted it to continue, and that's why they wanted to talk to us. The OBF is organised by students, for students and if its going to happen this time its going to happen in February, sixteen weeks from now, and a big chunk of organisation needs to be done in the next four weeks.

So, in best Oxford tradition we were invited to the pub to talk about it, and like all the best things in Oxford the pub of choice was the Turf Tavern. Of course in best business school tradition there was also a meeting - at 9AM this morning. Now nothing is set in stone yet, but I put my hand up for the sales and marketing team. A couple other folks did too, so I'm not alone, but even so it could be a lot to take on.

And that's had me thinking, if you read the post below you'll see that there are plenty of people in this class who've done incredible things, and unless I start turning up to these meetings, raising my hand and putting in the hours well, I may never be one of them. So thats one of my things for the year, learn to raise my hand, step forward and make something happen. Job one, live up to something one of my old colleagues told me, and make a product famous. The Oxford Business Forum 2003 is going to be awesome, and you read about it here first.

Induction day 2

Day two was much like day one, we were told things, we wrote them down and listened attentively. So, we can now access all the business databases and market research the school has available (and that's a lot), we know even more about job hunting and we've been thoroughly intimidated by the business of exams, assessment, pass marks and so on.

There were however a few interesting bits. One was the chance for everyone to say sixty seconds worth of material about themselves. I think its fair to say that there are one or two special people here. Things my classmates have done that I haven't include :- winning olympic silver medals (round of applause), serving as bodyguard to the Israeli President (collective intake of breath), flown jet fighters (general - cool thoughts circulate), and founding companies. You got the impression that as we filed out of the hall more than a few of us were wondering what such an exceptional bunch could do if we put our minds to it - sod the MBA, lets all start a company and get rich...

Then they told us about the Oxford Business Forum, and I think I became a whole lot busier.

Tuesday, October 08, 2002

Induction day one

No time to write a lot, but after our first days induction and following drinks reception I can tell you :

  • We have loads of support staff, which allows us to focus on the learning stuff and not worry so much about tracking down obscure books
  • The food is pretty good, and the orange juicing machine is really cool to watch
  • The careers service has a big financial services bias
  • Many of my new friends have wives, kids and mortgages. My old friends tended to have partners, pets and landlords. I think they call this growing up.
  • our study packs are *really* big, thats a lot of reading to get through.
And apparently McKinsey are the biggest employer of SBS graduates taking 5% of the total. Always said they had more taste than the other consultancies. Oh, and crack-gmat is apparently a fine product which I can cheerfully recommend. Expect some blatant merchandising soon. (well, as soon as my FTP client starts working properly so I can update things other than the front page)

Sunday, October 06, 2002

Jenkinson shows his class as SBS make unbeaten start to the season

A raft of new signings and foreign imports saw SBS start the season with a completely new lineup, but it was left to course director Tim Jenkinson, the only man with first team experience, to come off the bench and earn a well deserved draw. A pre match conference had revealed that while the side may have lacked match fitness there was enough talent to be confident of taking something against an under strength St Antony's eleven. (well, nine, SBS lending them two players to fill out the numbers)

Early play though was dominated by St Antony's, as SBS attempted to get on first name terms with each other, a well worked St Antony's move seeing them take the lead after ten minutes. By now though SBS were starting to gel and with Matt Dagget and Per Stenvall providing a physical presence up front that few sides in Oxford will be able to match pressure on St Antony's started to build. The deserved equaliser came from a corner, Stenvall heading in past the unsighted keeper. Antony's hit back quickly, and ten minutes before half time Jenkinson was brought on, his introduction nearly had an immediate effect as his throughball sent Martin Lloyd clear, but he shot wide from twelve yards with just the keeper to beat.

A half time team talk and a quick reminder of everyones' names saw SBS make a strong start to the second half. Up front Dagget and Jenkinson proved a handful, a reshaped Asian / Argentine midfield provided an immediate improvement in passing. An equaliser duly arrived - Hernan Enriquez despatching an exquisite volley on the turn from ten yards. St Antony's though refused to die and restored their lead through another well worked passing move, the finish squeezed in at the near post.

This proved the cue for more pressure from SBS, but with St Antony's defending well it was left to Jenkinson to provide the breakthrough. Collecting the ball on the edge of the area he rode two challenges before turning and lashing home a rocket strike from the corner of the area. Without doubt the goal of the game. By now St Antony's were reduced to attacks on the break, SBS survived a late claim for a penalty, but moments later another break out brought Antony's their fourth goal. With time running out SBS pressed on in search of yet another equaliser. It arrived late in the day, the St Antony's defence unable to do anything but divert Jenkinson's driven cross shot into their own goal.

So, plenty to look forward to in the new season, and while FIFA / Oxford bureaucracy may yet keep SBS out of Michaelmas term's MCR league there's a guarantee of more games and plenty of goals from the new look Said XI.

Final result : SBS 4, St Antony's 4

The Oxford Challenge

Yesterday was all about meeting the rest of the class, and doing some teambuilding stuff. The format was pretty simple, divide into groups of 14 (two study groups each) and then answer 60 cryptic clues about Oxford, mostly by going to places and looking at stuff. I think my team was feeling pretty confident early on, not only did we have me, with eight years of living in Oxford knowledge, we had another guy who'd lived here for six. This though meant that we spent a very long time planning and maybe not quite long enough running around.

We were also victims of the fact that yesterday Oxford decided to change just a little bit. Only a little bit, but enough to mean many of my time saving ideas weren't. For instance

> It usually takes seconds to get a cab from the train station, yesterday it would have taken fifteen minutes
> Graduation ceremonies meant some buildings were closed at unusual times (like when we needed to be in them)
> There were no tour guides standing round trying to sell tours (who could have answered our questions)

Still, we did pretty well. What we didn't do was come up with brilliant ideas like getting the answers from guidebooks and postcards, or hammering google for the answers. (all legitimate tactics) Ah well, a creditable finish apparently, but not in the top two. Unlike several teams we didn't find time for a quick half anywhere either, which suggests that British culture is really starting to take hold.

Still, I've now met the class - and they're all lovely people. The predominant accent is American - but there are loads of folk from Asia and Europe here, and the local Brits probably less than 20% of the class. After the tour we went for drinks and food, my attempt to introduce the class to some of Oxford's curryhouses was then stalled by Chutneys being full, and the ever reliable Shemons being shut - on a saturday night!! Fortunately someone else knew where we were going and top notch curry followed. Although it took me a while to realise that "this is a baby jesus vindaloo" is a compliment...

"The diary guy right?"

That's what people say when they meet someone who's writing a blog about their course (I'd already told the class this project was happening). So my online chronicle is good for something - it's a handy icebreaker.

Saturday, October 05, 2002

Wish I'd thought of that

One of Adam's classmates at Harvard has just had his piece on writing MBA admissions essays published in the Wall Street Journal. Its short but sweet, and as far as I can tell pretty much on the money. Now, maybe its time to tell some of the UK press about this project...

Oh, met some of my classmates for the first time in the pub last night. So far they're all lovely people, which is good as I'm no longer quite so intimidated by them. Today is the Oxford Challenge, a teambuilding game in which we will learn all about Oxford, and get to meet each other some more.

Friday, October 04, 2002

Meet the class of 2002/3 (sort of)


Todays 'set up your network connections' session provided the chance to meet some of the class, but there wasn't much socialising beyond chatting to the folks in the next seat over. I think the real meet and greet is tomorrow. However since then I've been able to browse peoples profiles on the intranet, which made for interesting reading.

This class is packed with talent, experience and skills. I am now genuinely confused as to how I got in. There are folks here who have founded and run successful companies, managed big chunks of enormous companies and well, done stuff. I'd guess about half have some kind of finance background, with the rest being mostly operations or consultants. Nationalities are varied, my work group will include me, an Armenian, an Indian, a Korean, and a few more Europeans, and this global view may turn out to be one of the best things about being here.

Tonight I'm intending to try a dangerous piece of social engineering and fuse two pub crawls into one. Some of the MBA class are meeting for drinks and the college MCR is planning something similar. If I can get everything in the right place at the right time I won't have to make any decisions about which group I should be spending time with ;-)

Laptop armed and ready

This morning was the laptop installation session for anyone with Windows XP Pro, it was also my first chance to meet future MBA classmates. The Laptop stuff was a long process, made longer by the IT managers decision to explain basic networking protocol to us as we went. Still, I now have access to the SBS intranet, network drives and associated stuff.

Sadly none of the IT staff had realised that adding new users to laptops would make it look as if old information had been lost. In my case this meant the unexpected misplacement of my .pst file. For non techies that means my email, calendar and contacts all vanished. Fortunately I'm a technical boy and got it back after fifteen minutes of trawling Google for suggestions. Next I've got to restore IE favourites, wallpaper and desktop shortcuts...

The good news is that the online information is top notch and some sensible thought seems to have gone into designing the networking environment we're using. Some of it may look a little clunky, but it all works and there's plenty of quality information there to get stuck into.

I swear, I didn't ask for one

While checking my network connections I discovered that despite me not ordering one Dell have sent me a laptop with an integrated 10/100 modem, about £100 worth of kit. Of course the rucksack I ordered to carry said laptop around in hasn't arrived, but its nice to be a bit ahead of the game. In the meantime, I've now got a PCI network card that needs a good home...

From the time I spent working with PC manufacturers I'm guessing this is actually 'deliberate' on Dell's part. They probably found themselves with too many laptop chassis and just randomly upgraded a few orders to clear the backlog. It's more common for this to happen with chips, Intel tries to force chip speeds up by manipulating supply to the manufacturers, the result being that your P3 700 may actually have turned into an 800 by the time it's delivered.

Thursday, October 03, 2002

The Incredible Optimism of Text Books

"As this book was going to press the Dow had just passed the 9300 mark for the first time, (perhaps it has reached the magical 10000 mark as you are now reading)" from my statistics textbook. In fact its at 7753 as I'm reading, following another week of falls.

There's a definite sense of satisfaction in realising that the people who write textbooks don't know it all. I particularly like the accounting texts which reassure me that companies today are transparent and held accountable by their auditors - any problems with the system are both minor and in hand... Its like reading the smuggest whig history imaginable.

On a completely different note I've bought an orthopaedic back chair, the kind you kneel on. It's got wheels, wheeeeee!

Meeting and greeting / Its not networking now...

Last night was coffee and chocolate in the MCR. Tonight is a trip to Jongleurs comedy cafe, Friday is a pubcrawl... This week I've got clashes with two birthday parties that I'd have wanted to be at, plus numerous informal drinks things some of the MBA class have been arranging. Suffice to say that while classes don't start till the fourteenth I've got plenty to be getting on with.

Oh, and I'm remembering the nice thing about Oxford, you get to hang out with all kinds of people, archaeologists, quantum physicists, egyptologists, chemists, mathematicians, theologians, musicians, historians. I'd forgotten quite how much fun this can be. Now, if only I was a real academic instead of a new breed of cash cow.

Not that I'll have time to talk to my new friends after the fourteenth. A quick view of my calendar reveals 40+ lectures, fifteen assignments, six exams and *a lot* of reading to be got through by mid December, and then its straight into the New Business Development Project. I however have a secret plan - I'm sharing a kitchen with a couple of mathematicians and they've agreed to help with my homework...

Wednesday, October 02, 2002

Teaching the teachers

There's some good stuff in this article on learning, importantly the stuff which isn't about technology (about half way down). One of my pet projects this year is to try and push Oxford into committing to better training for both students and teachers - or Dons as they're known here.

Reginae erunt nutrices tuae

That, apparently is my new college motto, which according to the website means "queens shall be thy nursing mothers". I found this out having dinner with some of the my fellow MCR students. There's an explanation of this here.

Other stuff I learned, Queens has a fantastic chapel, and the library - which isn't yet open for term, is also a bit special architecturally, and contains a number of rather impressive books - including first edition Shakespeare Folios and that kind of stuff. I also found out that Queens college are the possessors of the oldest drinking horn in active service in the world. I can't find a picture online, but apparently its a massive thing, covered in gold ornamentation and there's some kind of old fashioned drinking game to be gone through on special occasions involving it.

It looks like I'm going to have no shortage of things to do this week, with various comedy nights, and pub crawls planned for me. (Drinking in Oxford pubs, how novel for me...) I've also got one or two textbooks to track down, and yet more reading to get through before things kick off properly on Monday.

Oh, this is the college Tim Berners Lee was at when he studied in Oxford. I knew there was a reason I ended up here.

Tuesday, October 01, 2002

The Geordie has landed

Well, I've arrived. No time to write a long entry but in short the amount of stuff that fills a small hire car is not enough to fill a largeish room. Of course I still need to reclaim my stereo, PC and CD collection, but there's going to be plenty of space to play with. I can run my very own version of changing rooms in the next two days.... Maybe not.

Time to go and meet few new faces I feel, and I've got to see a man about some software.

Monday, September 30, 2002

Last weekend of rest

Well, off to Oxford tomorrow, but in the mean time I spent the weekend (well Saturday) in the Lake District. The occassion was the annual walking trip undertaken by my Dad's computing department - I've been doing these since I was three, and while I've missed a few recently it was nice to be up in the hills again. Oxford sadly is at the flat end of the country, and while some locals claim that the Cotswolds are just as good they're wrong. The Cotswolds are small, twee little hills that look good on postcards. The Lake District is full of big majestic hills that look best from the top.

So, a day of packing, shopping and arranging looms...