Tuesday, January 28, 2003

Those exam results in full

The transcripts of our exams came through today, which means we now know exactly what we got on each exam and for the assessed coursework. So, how did I do?

Decision Science : 74.5
Financial Reporting : 60.0
Finance 1 : 80.1
Industrial Organisations : 63.6
People and Organisations : 65.7
Strategic Management : 69.8

Grade A is 70, B is 60 and C is 50. Anything below that and you have to retake.

Have to say these marks are almost exactly the opposite of what I was expecting, I am decidedly not what business school slang terms a 'quant jock' or someone who's good with numbers. However the results seem to suggest exactly that. The true story is of course that I spent most of my revision time fretting about the quant subjects because I knew I wasn't good at them and paid for it with weak performances in subjects where I thought I'd be good - Strategic Management and People and Organisations. Or perhaps my rather freewheeling essay style just isn't that suited to business school. Who knows?

Oh, and I can only assume I had some kind of complete failure of the brain in the Financial Reporting exam, I really did think I'd turned in three solid essay questions and a decent job of work on the company assessment. The technical 'how would you account for this questions' I thought were a mixed bag, but they're worth next to no marks. Really thought I'd done better than that. Still, I can now read the annual reports of premiership football clubs and use them to work out the likely state of the transfer market - short form, Leeds will really wish they'd sold a few players come June / July.

One of the single most annoying things about Oxford is that this is the first time we've been given feedback on assessed work. According to university regulations that can't happen until the complete course has been finished - so we were all forced to go into the exams with no indication of what was expected. It's a level playing field - but it's also extremely frustrating to say the least.

Friday, January 24, 2003

Time to worry about a job

Barely got here and its time to think about jobs. I had a chat with Wally Olins today who is co-founder of Wolff Olins and will be teaching branding in the final term. Since one of my goals is to work in advertising I asked what the situation was like. I knew things were bad, that it's one of the few sectors hurting more than the new media business, but I wasn't expecting to be told that "Stay here till September, nobodies hiring now, maybe things will be better then"

Brutal stuff.

So if advertising really is a dead dog - and I'm by no means convinced it is yet. (Talent will get you everywhere I believe, of course its for other people to decide if I've got any but...) Anyway. If advertising is a no go then I''ll have to look at technology businesses and / or marketing jobs. Ogilvy recommended a few years in brand management with an FMCG firm as a route into advertising, but I think I'm in too much of a hurry for that.

Thursday, January 23, 2003

Rumour busting

In the run up to last terms exams all kinds of rumours circulated about failure rates. 20% fail P&O, 40% fail at least one subject, the stress of resits ruins hilary term. Well that's bollocks. Those students who asked to have their results published took between them some 600 papers and represented around 70% of the class. There were only 18 failing papers in that group.

Note that people request to have exams results publicly or privately before taking the exams...

Results coming in

The first set of results information has been sighted on the exam noticeboards. So far they're only telling us whether we passed or failed. It could be a while before we know exactly what marks we got and how well we did. The good news is I passed everything.

Wednesday, January 22, 2003

Innovation and entrepreneurship

Paul Bradstock is director of the Oxford Trust, a charity that aims to spin technology out of the university. One of the things they do is support innovation centres around Oxfordshire through their subsidiary Oxford Innovation where small companies can get support and form part of local business networks.

He started by talking about the difference between innovation and entrepreneurship. Innovators have ideas - entrepreneurs take risk. Oddly enough if you find someone who can do both of these things you're onto a winner. Innovation centres provide...

Space : pay the rent, get a room
Visibility : people are interested in what goes on in these things
Community : 30 firms like you all in one place
Credibility : Some assurance that someone reckons you can make a go of it

I've often thought incubators would be a good thing, its nice to find out more about them. Right, you get help and support for 18 - 36 months, if your company hasn't made it by then you're out on your ear. In the mean time you'll have recieved help getting capital - in particular from government agencies, networking contacts.

Ah ha, just realised that OxmediaNet, whose steering committee I sit on is somehow connected to this (aside from using their premises from time to time) Its very easy to get the feeling that Oxford has most of the networks, organisations and opportunities it needs. What it really needs is some human dynamos to push the whole thing into overdrive and really start making things happen. If I wasn't dead set on moving away I think I'd cheerfully try and be one of them. Certainly its interesting for anyone considering an MBA in Oxford to know that this place has no shortage of start ups and opportunities for them.

Marketing gets brutal

I'm being taught marketing by a man who is qualified as an accountant in four countries, co founded Arthur D Little, edited various advertising journals, was/is? a director of EMAP and well... he's bloody good. We're skipping all the basic stuff and plunging straight into CEO level marketing discussion. It's hardcore stuff and todays' kick off session was great. My case study submissions for the week didn't cover most of what we talked about (neither did anyone elses) but I reckon I had some strong thinking in there none the less.

Interesting was the split in the class, I think about 80% of us were blown away by this. The remaining 20% are holding their heads and wondering how they're supposed to cope without someone teaching them the basic stuff. I'm with the lecturer on this - you're in an elite institution, you claim to be exceptional and you should be able to handle this stuff. Otherwise we'll have spent eight weeks learning what? Bog standard stuff we could have got from a textbook, the kind of stuff junior marketing staff come up with in meetings, that's never going to justify the cost of the course never mind the kind of salary MBA's claim they're entitled to.

Tuesday, January 21, 2003

I wish I knew more

Something bad is happening in Venezuela. I don't know the background and I don't know the details. All of which makes it hard for me to work out whether or not I should participate in this.

Research required.

Deans Q&A

The Dean is giving the termly Q&A session, he's opened with a big chunk on the FT rankings. Apparently all our objective indicators have held level or improved, but student satisfaction has dropped. His theory is that this is due to the appearance in the survey of those students who were here when John Kaye resigned and the school was still sharing rooms in the Radcliffe Infirmary (yes, it was a hospital)

As I said earlier, I really couldn't care less about this, but some folk seem to think that these numbers in the FT have some bearing on their future careers. It's the same rubber stamp mindset that I've moaned about before. If you came here because you wanted an MBA rather than to learn useful skills please leave. That's all I've got to say about it.

OK, now we're being told about the Dean's seminars. These are chances to hear from and then schmooze with heavyweights invited by the Dean. Sadly the pitch as to why we should attend is coming over as more stick than carrot. Internal marketing is not the deans speciality I fear. Still, a chance to have lunch with the bloke behind the Silicon Fen phenomenon is a good thing...

Incidently following a chat with the marketing department here I'll be writing these seminars up for broader consumption, both through the schools website / magazine and this website.

The money rolls inThe Dean is however really rather good at fundraising. We've just had announcements of some massive donations (in the order of the founding donation) which will be used by the school to develop leading programs in a number of areas - all of which I view as good things. I'll let the school make its own announcements about these though.

How to get a better burger

How do you get a better burger from McDonalds? Ask them to take the gherkins out, or make any kind of change. You see most burgers are made for stock, McDonalds staff manufacture burgers and keep them until someone buys them, or throw them away after seven minutes. So the burger you get has probably been hanging around for 5 minutes or so.

Ask them to take out the gherkin and you get a burger made just for you, hot and fresh. Of course you've still got a McDonalds burger, so it's hard to see just what you've gained but there you go. Anyway, that was the interesting fact of the day from Operations Management, which on first viewing looks like it could be quite a nice subject.

Monday, January 20, 2003

Elective decision time

Well, not quite decision time yet but we're currently sitting through an afternoon of pitches from the tutors, all explaining why we should take their courses. Some interesting stuff to date, including a truly heavyweight workload for one of the finance classes - masses of preparation, classwork and so on adding up to 10-12 hours a week. Doesn't sound too bad till you realise we're trying to do six of these at once.

Other things include the interesting looking technology related stuff, we've poached a new lecturer from Stanford to teach managing technology ventures, and a colleague of his who's teaching on strategy in technology firms. We've also had a mention of supply chain management including ethical issues - a positive sign that those outside the business world are starting to make themselves heard. I bet that wouldn't have been on the curriculum five years ago.

I wasn't planning on taking the history of business course, but the pitch for it was sufficiently entertaining that I'm having second thoughts. On the other hand, due to time constraints there's not going to be much primary material to play with, and I reckon it would take four out of eight weeks to teach people to evaluate secondary material properly. I think I'm going to need to talk to the lecturer further about this before I decide whether I want to do it or not.

I'm getting slightly annoyed about the number of 'how much', 'what percent', 'is there a textbook' kind of questions. Do subjects because you love them (or could have a passing affair with them.) not cause you think it might be cheap or easy or something else...

Leadership elective pitch now - apparantly the word management has its roots in the control of horses and other wild beasts. 'Why do we allow leaders to do stupid things?' is an interesting question for a course to address. I'm sure there are others - oh and we get to read Machiavelli and Plato which might be nice. Get the feeling that there might be more use for some of my historical background than in the history course. Hmm, we've just sent a Mexican wave round the class to make a point - seems reminiscent of power and authority stuff from way back. Oh, and there's a class on leadership, terrorism and leadership groups - which may have little to do with business - until there's a real upsurge in Guerilla Marketing (hmm, could you organise a marketing agency around a cell structure?). Assessment is a 5000 word dissertation, had a 5% fail rate last year. Hmmmmm

Now we're talking about IP law and innovation. I know this is important, you just have to look at the stuff about the Eldred case to see that but it just doesn't get me out of bed. Maybe one day I'll be a rich CEO and I'll lose it all after I forget to sign some important piece of paper - but I doubt it. (the CEO bit, not that I'd forget to sign an important bit of paper). More interesting is the question of why have IP at all and what should it look like, which is also on the course. Oh, and more ethics, IP rights and AIDS drugs, good stuff.

Aside A majority of SBS faculty need to sit through the training we just did on how to produce decent ppt slides. Some of this stuff is horrible.... (most of them are good to great lecturers though)

Brand Strategy now, start point, branding is a route out of price competition leading to wheelbarrows full of cash, and representing a form of market power. Oh, he's mentioned NoLogo"you have to take it seriously in business these days" did you hear that Tony?. Now we're covering Heinz's refusal to participate in the baked beans war - which I vaguely remember. (It ended just before I joined the working world)

The class have just been introduce to the effects of branding on the human psyche. For those who haven't heard this before its nice to watch the slow dawning of the realisation that marketing delivers value. Sudden explosion of marketing management diagrams I always thought the tricky bit was turning these diagrams and words into the perfect picture of the smiling baby or the cartoon tiger or the whatever.

Examination will be by doing some brand research. I like that.

Sunday, January 19, 2003

Open Spectrum

I like this. While I have much to talk about at the moment and some interesting stories to tell, it's late and I have things to do before I can sleep. So for now read this about why there is no real need for spectrum licensing and how a little vision among the politicians could help change the way we communicate (again)

The Open Specturm FAQ

Saturday, January 18, 2003

Football : Mission Accomplished


We ran our socks off, we talked and chattered, and despite being a man short in the second half and having to field a player who could barely walk in the second we turned in a much better performance than on Tuesday. It may have been 13 - 0 but I don't care, and neither did anyone else. We played better, we could all see the progress and morale is good. Our attitude and effort even impressed our opponents - so hats off to Linacre college, they played well, they kept it fair and they did their job. Good stuff all round.

Said slips in the rankings, I couldn't care less


The FT rankings came out today and we've slipped to fourth in the UK, 35th in the world. Am I bothered? Not really, most of the UK schools slipped down the rankings, of the top school all were audited this year and lets be clear, these tables are not much more than vague indicators. Sure the schools at the top are good, but what for? The survey ranks employment prospects and average salary which skews everything toward financial based schools who churn out city traders. Then there's the question of entrepreneurs, as more and more of SBS alumni decide to start companies its hardly surprising that our average earnings figures take a knock.

The real influence is the involvement of recruiters and students in these surveys. SBS is a new school and teething problems are inevitable, likewise as the economy suffers on campus recruiters have been focusing on the big schools - that's my best guess. The real point, as I've said many times before is that my future job depends not on the school, but on me. So all in all the fact that I missed todays interview training to play football will probably have a bigger impact on my future career than anything the FT comes up with.

Friday, January 17, 2003

Marketing Preparation

Marketing Management is being taught by case study. Not in the kind of here's a lecture, now discuss the case study kind of way, but in the 100% of your mark depends on your performance in 21 submitted case studies. No case study submission may be more than a single typed side of A4 and lectures will consist of discussions of the work you've just handed in kind of way.

Three thoughts on this. First, its going to be tough for a lot of people. Secondly, a lot of people are going to learn a lot more about marketing than they would have any other way. Finally, you really really really don't want to find yourself resitting this one. I've read, done and thought about marketing a lot in the last few years. I've just done the first case study, wrote down a bunch of ideas, threw out the ones I thought looked mediocre and still ran out of space. I think I'm going to like this.

Thursday, January 16, 2003

Still dreaming

There's a lot of thinking going on in the dreaming spires. This morning we had a talk on technology transfer at Oxford, the folks looking after this are Isis Innovation, and in the past six years they've spun out 34 companies - none of which have failed. More impressive was the £208 million Oxford gets through supporting its 4500 researchers every year.

Tuesday, January 14, 2003

I didn't know you could get that angry

That's what the captain of the football team said after our 15 - 0 (sadly we weren't playing rugby) thrashing at the hands of St Anthony's college. Odd thing is I didn't think I got nearly angry enough. If I hadn't been playing with the kind of hangover that made running difficult I might have been more use, screamed at the back four earlier and just maybe we'd have learned to push out in a straight line before the eighty minute mark...

Oh, and it would have been nice if eleven players had turned out for us, saving us from asking the lads on the pitch before us if anyone fancied a game...

Still, much credit for one of the best half time team talks I've heard "It doesn't matter if they score twenty, we've only got one thing to do and that's score a goal this half" which brought about ten minutes of confident, aggressive attacking football, hassle and running. If we'd scored then we might have kept it going, but we didn't and well that was that.

The problem is still communication. Football pitches should be noisy places filled with shouts of "man on", "push up", "I'll have", "so and so wants" and the rest. Perhaps its because so many of us are playing in foreign languages, perhaps its because so many of us haven't played for so long. In some cases players feel they can't tell better players what to do (not a problem I've ever had, being the gobbiest awful player I know). I don't know, but there are a few things we can work on and get right. We can work harder than our opponents, and we can talk more. If we get stuffed twenty nil on Satuday I won't care - so long as we work our socks off and keep talking.

Of course, as every schoolboy of my generation knows what we really need is a charismatic geordie manager, a former england international who was forced out of the game prematurely by injury. Do you know who it is yet? (256kb download)

Learning to upload

On arriving here in Oxford I found that for some reason I hadn't got my ftp client set up right and so couldn't make changes to anything other than the front page of the site. I resolved to fix this at some stage, and promptly forgot all about it as I drowned in work.

I've just downloaded CyD FTP Client and things seem to be progressing much better, in that I can see directories and move files. So things you've got to look forward to in the next few days include


  • My revision notes
  • Write ups of each course completed
  • Previews of this terms courses
  • Some general housekeeping on the out of date areas of the site


I'm also planning to upgrade to blogger pro which should make things a little more interactive around here, allowing you to pillory me for my poor spelling, lack of apostrophes, understanding and ability to run a decent blog. It may also let those of you wondering about doing an MBA ask some questions - which would be nice.

Learning to talk

I was fairly harsh on the company doing our speaker training after their last session which was a three hour presentation about giving presentations (containing the advice to keep things short). So it was with some trepidation that most of us turned up for the followup sessions, small group presentation workshops. These however turned out to be much better and pretty much everyone said they found them useful.

I need to learn to stand still (or at least not stand there doing a soft shoe shuffle) when presenting, other than that I've still got it ;-)

Thursday, January 09, 2003

The Homeless Guy

Somewhere in Nashville there's a guy writing a blog about being on the streets. He's intelligent, articulate, writes well and generally runs a good blog. He's not on drugs or alcohol and he's getting off the streets as we speak. I don't know how he got there in the first place, but he talks a lot about homelessness as a recidivist thing, about how people get off and go back, about all kinds of things. Someone really should give this guy a job formulating policy somewhere.

Oxford has a lot of homeless folk. Some sell the Big Issue and after a few months they're not on the streets anymore, or not in Oxford anyway. They tend to be the ones like this guy, able to function, able to make a difference, the kind of people you can imagine getting sorted and being OK. Then there are the ones who've been around here forever, who sit about drinking or shooting up, who swear at passers by and who've clearly lost the plot big time. I'm not sure how you deal with them it really is a case of give them money and they'll turn it into alcohol or drugs. They need social services, but social services are probably at breaking point already.

We're a rich country. How the hell did this happen?

Oh, and they're a couple of teenagers hanging round the main bus station begging and doing no-one any favours. Their story is that they've run out of money for the bus home and need a few quid to back safe and sound, odd then that they're there on such a regular basis. They open with a lot of "I'm sorry, this is really bad, but I'm not on drugs or anything". No you're not, you're not even begging, you're sodding con artists and sooner or later some wideboy coming out of a pub will turn you into con artists with broken faces. Oxford really isn't the kind of place to try this on, late on a Friday night.

Soon we'll be able to use Z scores

Once you have a sample of more than 30 there is next to no difference between statistics calculated on T-stats and statistics calculated on Z-scores. Since Tad has unearthed two more MBA bloggers (both at the applicant stage) we're that bit closer to being able to use the much easier Z-score method for analysing ourselves.

Sorry, desperate attempt to use last terms knowledge there

Anyway, welcome to the blogroll to...

Treeman at MBA-Admit

and

Modz Speranto at Modz Blog

Incidently both Tad and Modz are taking steps to conceal their true identity online to avoid having their blogs interfere with their application process. At the time I was applying theb blog component of this site didn't exist and my other site was much more up to date. Have to say I went out of my way to get these noticed by the tutors handling the admissions (with next to no success). If I was assessing applicants I'd be impressed by this kind of extra-curricular stuff, If nothing else it shows that you see the MBA as an important part of your life, gives you a chance to showboat your written English (snide comments to this address please) and demonstrate some kind of community spirit.

A better reason for keeping quiet might be not wanting your classmates to read what you're writing or attribute it to you. In all honesty that hasn't been an issue either - aside from the occasional "that was interesting" or "I don't agree" my class are entirely chilled out about this.

MBA Blogging becomes statistically significant

I've been told that answering 50/50 questions such as boy / girl with any statistical accuracy requires five samples. So I can say with some confidence that the addition of Robert Black to the list of MBA bloggers means we are statistically likely to me men doing full time courses. Robert only fits half of this, being a man doing a part time MBA at Edinburgh.

I thought about part time courses long enough to decide the stress would kill me, but seriously considered Edinburgh which is a fantastic place to live. Many friends did their degrees there and my sister liked it so much she lives there. So, best of luck Robert, I'm sure it'll be great.

Wednesday, January 08, 2003

Back to school

I've been back in Oxford for a week now. Apologies for the lack of new year accounts, I went to Cornwall for a fancy dress party with some old mates from university. Good stuff all round.

Anyway, business school is starting to gear up nicely. Many of us are trying to get some of the course reading done before things kick off in earnest. I've made some progress on that front, but in all honesty I've not been massively productive. Unless you count social productivity, Oxford is full of people I know, but don't have time to meet up with in term time. So I've been out and about seeing friends and remembering my old life.

I went in to my old company as well. Aside from one or two new faces it's like I never left, but then it has only been a few months. Well, five or six.

Monday, January 06, 2003

About time too

There will now be a brief burst of politics. Todays Daily Mirror has a fantastic cover, The story is here. Now I don't believe the prospective war is just about oil. On the other hand, if there wasn't any oil we sure as hell wouldn't be going to war, so maybe there isn't that much difference anyway. Still, that's not my point.

My point is that this may be what it takes to finally start a serious debate in this country. As the article says 20 000 UK troops will be sent into battle in mid January - possibly, and nobodies discussed this. Global politics is carrying on an absolute farce whereby they pretend the inspections matter while lining up the tanks. The only problem at the moment is that the inspections haven't done their job in turning up the much needed causus belli.

ps : how do the Americans know Saddams got weapons of mass destruction? They sold them to him. I think Cheney was even on the board of a company that sold dual use material that could be used to manufacture chemical weapons...

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.