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  • FOMO - JEREMYCWILSON.COM | JEREMYCWILSON.COM
    The Fear of Missing Out We ve all come face to face with it especially MBAs and lawyers In the business world everyone always seems like they are doing more They travel more frequently get more miles for flights and have more time off to have more fun than you And in the legal world you re often stuck in the office while your friends leave early Facebook makes it seem worse since people now brag about how much they do even though Facebook is largely a tool for exaggeration But FOMO is not new It has been here forever FOMO existed in high school Our parents had FOMO The best way to stop having FOMO is to work on things where you won t get distracted Focus on the things that matter Devote your attention to worthy causes Work on art that you care about you Find your Wildly Important Goals Easier said than done of course Especially if you are in job you aren t passionate about But if you focus on those things today right now the distractions won t bother you In fact you probably won t even know they are there Just a thought Wednesday April 10th 2013 Business School No comments yet Leave a comment Name required Mail will not be published required Website Message Sign me up for the newsletter Join the conversation AskJeremy Jeremy C Wilson is a JD MBA alumni using his site to share information on education the social enterprise revolution entrepreneurship and doing things differently Feel free to send along questions or comments as you read EducationMatters Share your education story Thank you Chicago for the nomination Apply to Join MLT Apply to Join NLC Learn about the JD MBA program Please Vote Recent Posts Please vote A month

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  • Investing your Time - JEREMYCWILSON.COM | JEREMYCWILSON.COM
    that we are working on Is it worth it Is it meaningful Or is it a distraction Or the things we decide to do on weekends Or that person we are spending our time with the same questions apply Working on the wrong thing for a few days or even weeks isn t the worst thing in the world But when it turns into months and years and we spend it at the wrong job or with the wrong person that s time that could be better invested Just a thought So where are you investing your time this weekend Saturday May 25th 2013 Business School No comments yet Leave a comment Name required Mail will not be published required Website Message Sign me up for the newsletter Join the conversation AskJeremy Jeremy C Wilson is a JD MBA alumni using his site to share information on education the social enterprise revolution entrepreneurship and doing things differently Feel free to send along questions or comments as you read EducationMatters Share your education story Thank you Chicago for the nomination Apply to Join MLT Apply to Join NLC Learn about the JD MBA program Please Vote Recent Posts Please vote A

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  • Archive May | JEREMYCWILSON.COM
    Marquis Parker told me this quote before business school began Having heard it from an MBA alum before he began at Stanford GSB he said the best advice he got was to be ruthless with your time So this year I ve tried to do the same Because if you don t you ll see that your time just disappears and that you don t have anything to show for it By thinking about some of these ideas I ve done a lot to find more time during the year And I m glad I did Because upon reflection if I couldn t find more time now in school where our schedules are more flexible than every chances are I wasn t going to find it after graduation either Good luck Tuesday May 24th 2011 Business School Careers 1 Comment Failure In Business School Failure is the best teacher That s the lesson my parents always taught me It s also the lesson many of us have heard from our professors and bosses as we ve navigated our professional careers so far But how accurate is this advice And can you ever think back to a time where you didn t necessarily agree with it Well after seeing lots of successes and failures over the past year in business school I ve come wonder about the same question Is failure actually good for you As you might imagine there are two competing sides to the argument On one hand conventional wisdom says that the best way to learn is to learn from failure Because yoou re more heavily invested More emotionally connected And think about things more intensely when everything goes wrong Especially entrepreneurs who have to learn because they can t afford to make the same mistakes two times This concept is also reinforced in business school where almost every activity is set to have a lot of competition And since everyone can t win then a lot of people have to fail This forces you reflect on the things you didn t do well enough and figure out how to do it better the second time On the other hand most people know that failure is also hard to take Especially when the stakes are high and you ve put a lot of time and effort in to pursue your the end goal This happens every year in business school during the core classes where only 40 can get As meaning that 50 have to get Bs and 10 have to get Cs And these 10 are usually very smart people This also happens during the recruiting cycle where people spend hours pouring over cases and studying industry trends but aren t successful pursuing certain jobs In some cases failure can not only hurt emotionally but also undermine your self confidence There s been many stories about that at the top business schools not to mention complaints from students who participate Upon reflection in some cases I wonder if people actually learn anything from failure Maybe instead they are worse off And even when things end up better the second time it s because those who failed are simply better at trying the second time around than the first time And so no matter whether they succeeded or failed the first time they are better than people who haven t done it before but not necessarily better specifically due to failure And even when they aren t actually better the second time around maybe other people think that they re better so give them more support helping them to do better the second time In this way the act of failure hasn t added value But don t confuse my argument I m not saying you shouldn t learn when you fail After all in some cases failure can offer you the most unique insights that you might not have gained otherwise But in the end I just wonder whether creating a culture of failure and specifically constant failure as created in business school is actually better than a culture of success And are MBA programs doing the right thing by setting up these scenarios where students fail on average a lot more often than they succeed I don t know the answer Either way it s an interesting debate Monday May 23rd 2011 Business School Careers Leadership 2 Comments What Would You Do if You Weren t Afraid asks Sheryl Sandberg COO of Facebook We ve all heard the saying before That to be great you have to pursue your biggest passions Those seemingly impossible goals that come to mind in your bravest moments Those game changing ideas you want to pursue when you feel like you re on top of the world But also those ideas that fleet faster than the blink of an eye when the notion of fear takes over Well Sheryl Sandberg COO of Facebook discussed some of those same topics in a recent talk she gave In a recent graduation talk at Barnard Sheryl Sandberg addressed this very topic That professionals specifically women need to think big when they are thinking about their careers And although her talk was specifically directed at the graduating women many of its principles can be applied more broadly Sandberg talked about her experience at Facebook and some of the lessons she learned there She noted that one thing she learned working with great entrepreneurs Mark Zuckerberg at Facebook Larry Page and Sergey Brin at Google was that if you want to make a difference you have to think big and dream big right from day one And that at Facebook they try to keep employees thinking this way all day She noted the posters around the walls used to motivate employees One of them said Fortune favors the bold The other asked What would you do if you weren t afraid Broadly speaking the idea was this If you don t shoot for the stars you ll never know what you re capable of You ll never have the chance to write the screenplay Or create a groundbreaking documentary Start your own company Or take part in changing the world And she said that the message rings true for everyone especially those with more to lose from failure This same question also echoes in the halls of Kellogg Especially now as graduation is lingering and students are thinking not only about their jobs after school but also about their long term career goals Will they risk it all to be great and to impact the world Or will they take the route that provides more stability In an event with my former company Bottlenotes last night CEO and entrepreneur extraordinaire Alyssa Rapp said it best She said You have to be brave Well I agree with Alyssa and I agree with Sheryl that you have to be brave Furthermore I challenge all of my readers and myself not be afraid And instead to go where no one has gone before To try something you ve never done before And to risk it all to do something big In the words of Sheryl at the very end of her speech Ask yourself what would I do if I weren t afraid And then go do it For the best parts of the speech I recommend you watch 16 00 until the end Also for more information about Alyssa Rapp and my trip to the Bottlnotes event in 2010 CLICK HERE nolink Saturday May 21st 2011 Business School Careers Leadership No Comments The 24 Hour Rule Have you ever received an offensive email from someone but didn t quite know how to respond I have Well what about an offensive comment that was delivered in person Yeah that s happened to me too In fact my hunch is just about every single one of us have been in that same situation Well just recently Jim Hendry the General Manager of the Chicago Cubs came to speak to my class class And in addition to sharing his thoughts about the sports industry he also gave us his theory on this dilemma named the 24 Hour Rule The 24 Hour Rule seemed to be one of his personal mantras The rule says if someone says something that irritates you then you should sleep on it first and then if it still bothers you by the next day you should be sure to respond thoughtfully within 24 hours The idea is that you shouldn t respond too quickly because you more than likely run the risk of overreacting due to your emotion On the other hand you also shouldn t wait too long to respond because after 24 hours it may feel too late to bring up the conversation again In reality most of us lean one way or the other We either spend far too long deliberating whether to bring it back up Or we respond too quickly failing to come up with a more thoughtful response On the other hand great leaders have superb communication skills Not only do they address critical issues quickly but they also address them thoughtfully and with consideration for the other person So how are you going to respond to the next offensive comment you hear Unsure Then maybe try the 24 hour rule to see if that helps Tuesday May 17th 2011 Business School Careers 1 Comment The Five Percent Rule of Leadership Every day the managers at your company have a direct impact on your career They hire and fire team members who you will work with They make important decisions not only about the team s work but also about your work And they are the ones who make decisions about your future at the organization These are the kinds of things many of us are thinking about or at least should be thinking about as we re considering our careers after Kellogg And it s also something we ve been thinking about in my leadership coaching class In my leadership coaching class each Friday we talk a lot about what it means to be a good leader And we discuss the things we can do to develop into good leaders ourselves As part of that we also think about the things we valued in our previous managers and the types of leaders we want to be one day In fact last week we wrote leadership statements and then read them in front of the class The class reminded me of one of my favorite mottos in business The Five Percent Rule The Five Percent Rule as I ve learned it says that if leaders just focus on others for 5 of the time then it s worth their time because they ll get far more than that 5 of time back in performance from the person they coached Specifically if they spend time each week coaching you sharing their vision with you helping guide your career and being a resource for you then you ll do better work you ll have a greater sense of loyalty and you ll work harder easily making up for that 5 of time they spent And this holds true for every level in business even at the top Because even the best leaders need to brainstorm have someone help them think about what s going on Fortunately I had mentor like this in my last two jobs What about you Sunday May 15th 2011 Business School Leadership 2 Comments SumZero The Facebook of Wall Street Bloomberg Interview with Divya Narendra There is a new entrepreneurial movement taking place in the business world today Professionals and students all over the world are working harder than ever before to come up with innovative ideas to solve some of the world s most challenging problems To tackle some of the most difficult challenges both in business and in law Well one of those entrepreneurs is my classmate Divya Narendra Over the past 18 months in the JD MBA program I ve watched Divya Narendra work tirelessly to build his financial services social network start up SumZero Divya is undoubtedly a different type of student While most people in my class are headed to corporate America for the summer and after graduation Divya never once considered it Instead he s been working non stop on his company ever since stepping foot on campus Even as a 1L at law school when everyone else was cramming for final exams Divya was taking calls from investors and future members during exam period Likewise I remember sitting next to him in Constitutional Law While everyone was ferociously outlining notes during class he was responding to emails from users on his website in addition to taking notes One thing that has always inspired me is people who do things differently Those who don t go the conventional route And people who give it their all to do something novel even outlandish Fortunately for Divya all the risk and the work have paid off as today he s built one of the top start ups on the planet Recently dubbed The Facebook of Wall Street SumZero has been featured on CNBC Bloomberg and FastMoney And just this past week Divya also did another interview on Bloomberg On the interview he talks about his company SumZero and what it means to build a social network for the buy side on Wall Street See below for information on Divya SumZero and the interview CLICK HERE to see that interview CLICK HERE to go to SumZero CLICK HERE to learn more about Divya Saturday May 14th 2011 Business School Careers Networking No Comments Graph of Tiredness During First Year in Business School Being a business school student can at times be a pretty tiring experience In the beginning students are excited so they stay as busy as they can for as long as they can In the winter quarter you work hard in hopes to land your dream during recruiting season And in the spring quarter you want to enjoy the new found sunny weather and take part in all the activities on campus before the year is over In the process most students also get pretty tired during the year so I ve dedicated a quick post to discussing how exhausting the first year of business school can be This post comes as a continuation of the post I wrote called Happiness During First Year of Business School The fact that people get tired in business school is certainly not a surprise After all the hours are long The work can be tedious And the number of activities can at times feel overwhelming In hindsight I think one of the reasons people get tired is due to taking on too much too soon Without actually knowing how busy business school will be students become over committed very early on singing up for activities and clubs and gong to a lot of corporate presentations This becomes especially apparent during the recruiting season when you need every extra minute you can find but often times you can t find one One way that people start to overcome the tiredness is by learning how to say no You realize that you don t have to take part in every activity That you can t go to every social event That you don t have to get every answer to every problem correct And at some point the 80 20 rule starts to make a lot more sense because using it helps you to manage your time and your fatigue levels a lot better So without further ado below I ve made a Tiredness Graph Note that this graph is not reflective of every student s experience In fact it isn t even a reflection of my own experience per se Rather it s simply meant to highlight the trend of tiredness levels of the average MBA student not only at Kellogg but at many top schools Especially those that operate under the quarter system A few pieces of analysis 1 More important than if the actual levels are all reflective of your experience is the idea that the tiredness levels trend downward I think this correct as over the course of the year students get better at prioritizing at saying no and frankly at taking on less activities 2 I also think it s important to see that most students start out pretty tired For JD MBAs this is especially true given we re taking final exams recruiting at law firms moving to Evanston and going on KWEST all at the same time right before CIM starts But even for 2 year MBA students KWEST and CIM are enough to exhaust you right from the outset 3 Transitions also prove to be the most tiring parts of Kellogg Transitioning from summer finals to KWEST CIM for JD MBAs from CIM to classes from Ski Trip to winter quarter and from GIM back to spring quarter are all tiring moments during the first year 4 Constant fatigue also looks to be the norm Even though there are a number of points where fatigue levels are low there are significantly more points where they are high Likewise the average number is always closer to seven than it is to any other number Everything I know suggests that this is done purposefully by MBA programs In the end it would have been interesting to do something similar in law school I suspect there would have been three differences 1 One that the average level of tiredness would have been higher 2 Two that there would have been more consistent tiredness levels rather than peaks and valleys 3 And three that tiredness would have trended upward as pressure mounted more and more toward the end of the long semester Not that this should come as a surprise After all law school is

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  • Archive July | JEREMYCWILSON.COM
    future you ll probably also be able to find more information about Loft here on my website as I ll be helping as a new media advisor to the site In sum if you re have an idea that you think can change the world be proactive and go for it And even if you have a job that demands most of your time figure out how to do it anyways Because the best business leaders know that its not just about doing well but it s also about doing good And that life is not only about making money and negotiating deals but it s also about helping others along the way And in the end leaders will do whatever they can to make that happen Best of luck with Loft Emanuel Wednesday July 27th 2011 Careers Diversity Leadership No Comments Cape Shore Foundation s Race to Support the Environment Hey Everyone hope all of you are doing well As you know I often like to spread the word not only about things happening in business school but also about social enterprises that are changing the world Sometimes world reknowned organizations that you ve all heard about but other times about up and coming organizations that are having a big impact on their local community Well one of those local organizations in Boston is The Capeshore Foundation and my JD MBA classmate Jon Wakelin is one of the Directors As such I thought I d use my site to spread the word about the upcoming event Cape Shore Foundation is a 501 c 3 non profit organization that was founded in 2007 by a group of friends from Maine Because they feel fortunate to have grown up in that environment they wanted to use this nonprofit to help future generations have the same opportunity Well one way they raise money is by having a 5k race every August in Boston This year that race is being held on Saturday August 20 2011 9 00 AM in Artesani Park 1234 Soldiers Field Road Brighton MA and I highly recommend that any readers in New England consider attending CLICK HERE to learn more about the race CLICK HERE to learn more about the organization And see below for an email that went out to past participants Friends and Supporters If you re receiving this e mail you have supported CSF in the past whether it be through our Annual 5 K or one of our community cleanup events We truly thank you for your support as you have helped us raise nearly 10 000 for local land trusts With your help we hope to increase our annual giving and this year we have selected the Androscoggin Land Trust as the recipient of race proceeds CSF 5 K This year s 5 K will be held on Saturday August 20 at 10 00 AM at the Artesani Park in Brighton along the Charles River Here are some details Register for the 5 K here or visit our website at www capeshorefoundation org Note We ve left Active com for greener pastures Great prizes for the top 3 finishers men and women in all age groups 10 pairs of Reebok Shoes Whole Foods gift certificates pint glasses and more All registrants will get a free t shirt Thank you for your support and we hope to see you all on Saturday August 20th Sincerely The CSF Team Cape Shore Foundation www capeshorefoundation org Saturday July 23rd 2011 Business School 1 Comment Compass Summit Assembles Thinkers To Address World s Vital Challenges Every now and then I like to write posts about nonprofits and other game changing organizations that are doing really interesting things Organizations that not only take on the biggest issues of our day but also organizations that bring diverse people together to work on the biggest issues of the future Well one of those organizations is Compass And just recently I learned that they are putting on this year s Compass Summit a conference that discusses what s possible what s ahead and what matters The Compass Summit is a conference of big ideas driven by conversations The organization is asking our partners as well as participants to expand their peripheral vision of other fields and to look over the horizon to consider what matters most and where the world should be heading The conference will run from Oct 23 26 2011 at The Terranea Resort right outside of Los Angeles My college friend Sophia Larroque is helping to organize this event As such I figured I d pass along the word to those readers here on my site Below is an email I received directly from her about the summit Compass is a gathering of accomplished and inventive people aimed at tackling urgent large scale challenges facing our institutions and companies climate change mass urbanization capital shortages technological dislocation and much more Former Fortune editors Brent Schlender and Peter Petre are joined by Scientific American editor in chief Mariette DiChristina and her staff to producing Compass and many of the ideas explored at the conference will be reflected in autumn issues of the magazine With the help of advisers and sponsors including McKinsey Co SWIFT the Society for Worldwide Interbank Financial Telecommunication Intel and the World Business Council on Sustainable Development we are crafting a program to engage topics as diverse as The impact of invention on job creation training Must have adjustments needed to cope with climate change and environmental degradation Te next great multipliers of productivity after Moore s Law The future of money The shifting dynamics of networks on governments and institutions The future of jobs in a chaotic economic and geo political environment Compass will consist of presentations onstage interviews structured conversations and debates There will be a generous amount of time for Q A and discussion Mission Compass celebrates the notion that humanity can invent its way out of the messes it has helped create This idea also implies a social dimension that reaches beyond the rugged individualism usually associated with inventors and entrepreneurs CLICK HERE to learn more about Compass CLICK HERE to learn more about the Conference Wednesday July 20th 2011 Diversity Leadership No Comments Choosing Classes at Kellogg and Northwestern Law School Since the first day we stepped foot in Chicago we all realized that we had a more limited schedule with classes that were curved some that were required and others where we could only be at Kellogg or the law school Well this year things are changing just a bit Not only do we get to pick every one of our elective classes but we also get to split our time between Kellogg and the law school But despite being happy to finally have choices for some this is proving to be a daunting task given all the moving parts in the process With our final year in the JD MBA program on the horizon it s finally time to bid for classes We just started getting emails from Kellogg and from the law school over the past week or two And as of now we don t have much time left before we have to start making some decision Bids for Kellogg are due next Wednesday just a few days from now And law school bids are due in about two weeks As such a number of JD MBAs are spending a few hours thinking about classes this weekend Deciding which classes we want planning our classes to align the schedules of both schools and thinking about what classes they want to take before we are done with the program One class I m considering is Entrepreneurial Law On one hand it s one of the more popular and interesting classes at the law school On the other it will probably cost me a fair amount of points I also plan to take Negotiations and at some point this year Executive Compensation law given my background on the topic and expertise of my law firm Vedder Price Another class I m considering is entirely new to Kellogg called Social Dynamics and Networks Just last year the class was introduced by my MORS Professor Uzzi and it looks like it s shaping up to be really interesting And who could think of going through Kellogg without at least considering the class Managerial Leadership by Harry Kraemer executive partner at Madison Dearborn and former CEO of Baxter In general most students hope to get a good academic experience but also want to have a bit more fun this year After two grueling years of curved classes struggling to learn new concepts and tirelessly searching for summer jobs some Js really want to focus on taking courses they want Not just those that put them in the right place professionally Sounds exciting right Well not too fast Like most things there are also some challenges The process of picking classes where the time works at both schools where you have enough bid points and where you end up content not only with the class material but also the workload and professors is not always easy Similarly some of might also have to think about recruiting now which happens at both schools in August and September But either way it s a fun time to be in the program And it will be interesting to see how things play out for us over time So stay tuned to hear what happens And best of luck to everyone that has to choose classes Saturday July 16th 2011 Business School Law School 2 Comments BeatTheGMAT and ClearAdmit com Team Up on New Admissions Product As you know I spent a lot of time on my site writing about MBA admissions Well rather than discussing topics that are on my mind today I figured I d devote this entry to promote two other organizations that give information and advice about the MBA application process Recently the BeatTheGMAT teamed up with ClearAdmit com to launch a new product which looks like it s going to be a hit with a lot of applicants I also think it has the potential to be a great product as I recently had a chance to do a review last weekend before the product came out Just a few days ago BTG asked me to do a product review of their new MBA admissions tool a class that is entirely online and that walks the user step by step through every part of the admissions process BeatTheGMAT has been growing exponentially over the past year and it sounds like they plan to continue to do just that with this new product Here below is a short summary of my initial impressions The good The BTG and Clear Admit class does something that no admissions service has done before they bring together admissions advice with the internet allowing people to tailor the experience and leverage online to accommodate their busy lives They bring in graduates of top MBA programs and admissions teams to take you step by step through the application steps And they tackle topics that are not only the ones most people are thinking about in the application process but also some you wouldn t initially consider The bad Admittedly the online experience may not be for everyone Some may prefer a real classroom experience where you can change the direction of the class and go through Q A as needed Some people may simply find the internet to be distracting And others may want to go through the experience to a class with a group of people rather than by themselves More Online social networks and classes are generally expected to be the wave of the future This online network allows you to the service when you have free time You can start watching classes as soon or as late in the process as you would lie to You can watch and rewatch parts as needed depending on your level of understanding You can take more notes on your computer as you watch to make sure you capture what s being said In addition to that you can also access the material any time A slides and outlines are downloadable and printable Another main benefit is the fact that the class has multiple instructors While most other classes provide you with one main instructor here you get to learn from three different experts all with unique insights and experiences in the admissions world And together they ll tackle topics like how to research and select MBA programs how to write your admissions essays how to find letters of recommendations how to market yourself in applications and much much more If you do decide that an online class is for you then Navigating the MBA Admissions Process might be a good option The price is not cheap but 249 is less than you might spend on some other types of MBA courses You ll just have to decide what works for you To learn more about the product CLICK HERE And to learn via YouTube CLICK HERE Friday July 15th 2011 Admissions Business School 2 Comments Apply to Work in Venture Capital as a 2012 Springworks Scholar Venture capital has long been most of the most alluring industries in America Not only are the payouts high and the work satisfying but you also get to work with some of the most innovative clients on the planet So people spend months sometimes years looking for ways to break into the industry Some network with every firm they can possibly get in touch with And others submit applications year after year hoping for that one shot Well as of this year another way you can break into the industry is by participating in the Springworks Scholars program Springworks is a San Francisco based non profit focused on increasing diversity in the venture community Just recently the firm has launched a scholars program for incoming MBA students to give them access to the venture community Founded by Kellogg alum Jorge Calderon this program looks to be a groundbreaking opportunity As I mentioned in a recent post about the Morgan Stanley Insights program CLICK HERE to read that post I love these programs that seek to improve the diversity in the labor force They provide students and young professionals with access to new channels and resources They give opportunities to people who might otherwise not have a chance And they give hope that we can all pursue the American dream But there s only one catch You have to finish the application right away as it is due in just a few days on July 15 See below for a blurb on the program and for the link to the application Our first initiative the Scholars program is designed to identify develop support under targeted currently defined as minority or female business school students interested in either venture capital management or start up management This two year program is intended to augment the resources provided to students at their respective universities with additional coaching mentorship peer support curriculum and experiential learning For the online application click here For the summary PDF click here Tuesday July 12th 2011 Business School Careers Diversity 1 Comment Leadership How To Start A Movement Leadership is one of the topics I write about most here on my website How leadership is not only something that s important but also that it can come in many forms In one example of this I recently found a video from TedTalks named How to start a movement The idea of this video is to show that being a leader means starting something that attracts attention gets a few followers and eventually hits a tipping point That process isn t easy but in just three minutes this video shows you exactly how that phenomenon plays out I ll also note that I stumbled across another blog that listed the same video I don t know the writer but she has some interesting content on her site so thought I might add the link HERE in case any of my readers are interested The blog is written Erica Dhawan who is in the MBA MPA program at MIT Harvard in Boston Without further ado see below for the video Saturday July 9th 2011 Leadership 3 Comments The Leader Who Had No Title I wrote this post to put up one of my favorite short video clips online The name of the video is the Leader Who Had No Title It comes from the website of Robin Sharma the leadership guru who not only create short videos but also writes books about leadership One reason I like this video is because it s pretty inspiring In today s business world most people do what they can to get ahead get promoted make more money and get a better title But this video reminds us that those things aren t as important as impact And that you don t need a title to make a difference Thursday July 7th 2011 Leadership 4 Comments Deep Dive Ever heard of the terms bucket scope T shirt size and baseball cards These are all words that are not only used in the consulting industry but often overused Incoming consultants are expected to learn them quickly Even summer MBA consultants are expected to pick them up right away when having discussions with project teams That s definitely been my experience this summer and one term that has specifically stuck out is the phrase deep dive One word that I ve heard of a lot this summer is the term deep dive Doing a deep dive means doing an in depth exploration of a particular topic Sometimes it s learning more about the specific industry your client is in Other times it s learning about a particular function or business model

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  • business school Many of us had to scramble to learn accounting and finance since it was our first time ever taking the classes Others of us scrambled to stay awake in DECS and MECN after spending the night before prepping for upcoming job interviews And some of us scrambled all year trying to figure out exactly what our dream job was or if that job even existed And so that leads me to the million dollar question today The one question that s been on everyone s mind since last August What is the best opportunity to pursue at Kellogg And what can I do to ensure that I maximize my success Having heard from a lot of successful alum over the past year there s a variety of things go into it Getting started early laying the groundwork putting yourself in the right position at the right time knowing how to seize opportunities and most of all having passion Because making it all the way to the top is hard and the competition can be stiff We all saw it in our core classes at Kellogg and during recruiting Someone always knew more someone always worked harder and someone always practiced more cases Every time It was inevitable But business school is a piece of cake if you compare it to becoming world class at the professional level Coming up with the idea for the next big internet start up becoming a Fortune 500 CEO winning a seat in congress or being part of the deal team that takes Facebook public In fact statistically speaking you have a better shot of becoming a professional athlete In a recent talk few weeks ago Jonathan Reckford CEO for Habitat for Humanity emphasized that same point That it s not just about going to the best school or getting the good grades But that made it to his position because he figured out his professional purpose and did everything he could to pursue it Jim Hendry the General Manager of the Chicago Cubs agreed when he spoke in my Sports Leadership class That it takes 1 000 little things to go right to make it to the top so passion for your industry more than anything else makes the difference Because if you re not ready to go all out then you re not taking the big risks and you re not making the sacrifices He noted that he turned down a job that paid nearly three times as much just before landing his GM role in Chicago There are plenty of MBAs from all the top schools that face this same dilemma They get good grades and work at top firms but don t have passion So they never become the Managing Partner can t land a coveted CEO role and can t garner the support to fund their political campaign Don t get me wrong The majority of Kellogg alumni go on to lead highly successful lives by almost every

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  • for a company or industry and you find it harder to persuade the masses of your ability to add value What s interesting though is that many people know that they do this but continue to do it sometimes at their own peril From a logical standpoint this suggests that people see benefit in overextending And not only in the short term but that they also project a benefit in the long term Whether the benefit is a larger network of friends experience with more activities and positions or simply enjoyment from partaking in more activities All valid benefits On the other end of the spectrum is the notion of not extending yourself enough Where you block off extra time in your calendar to ensure its not taken up Or you take measures to ensure you re not tired at the end of the day And you don t go to events in the evenings because you re just too tired Here s the thing on paper neither of these options sound perfect You either end up not working hard enough or don t have enough time to do your best work But on the other hand business school still creates overextension So what s the reason From experience one reason is that so it can push you to do more than you can do otherwise Take on more activities Get involved in more things Find new ways to contribute And learn to do more in a shorter period of time But perhaps the trick is to learn to do that while maintaining quality and still producing a superior work product Easier said than done Sure But if an organization or school can provide a platform for people to push further and teach them to do more while still maintaining

    Original URL path: http://www.jeremycwilson.com/2011/06/05/ (2016-04-27)
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  • join this start up How much equity should I negotiate for How would I finance this company And last but not least what is the value of this business If nothing else he s pounded into us that valuation is a central theme for entrepreneurs Twenty five million said one student Twelve million says another And forty million was the number I had in my head At times none of us were right But at other times we were all right That s because valuation is as much an art as it is a science And often times there are no right answers After going through that he then asks us to evaluate the industry Then the company Then the acquirer to determine whether it is a good deal You could probably imagine a group of 104 people with different views about what s valuable and what goes into a good decision Likewise each of us has our own level of preparation both quantitatively and qualitatively So our viewpoints are often pretty different And the professor loves all the different viewpoints He has a natural enthusiasm for hearing what we all will bring to the case The challenge of pushing a classroom to bring out more ideas and understand the case better and better In some cases he ll challenge your assumptions He ll ask you why or why not He ll force you to respond more clearly and more decisively No matter what it is you believe Because ultimately we re learning that there s not always one right answer That whatever criteria we use to buy a business can work well And that whatever way we choose to value can work too whether using revenues EBITDA or Price to Earnings And in the end we see that entrepreneurship

    Original URL path: http://www.jeremycwilson.com/2011/06/06/ (2016-04-27)
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  • there are a lot of great jobs out there that many of us didn t think about before getting more exposure to them at Kellogg And likewise there are also lots of great classes and professors that may not be at the top of the bid list Far too often at business school we get caught up in the flare of certain things Certain classes Certain majors People flock in large numbers to the strategy courses They bid enormously high for to best marketing classes And they organize their schedules to that they can fit many of the finances classes into their schedules But there are definitely concrete examples that perhaps this isn t always the best strategy That other functions specifically operations in some cases might be even more important to business success But don t take it from me Take it from some of the best companies on the planet that focus on having impeccable operations systems Apple maintains a world class operations department to execute on its innovation strategy For example the company s introduction of iPhone and other new products show us why inventory management and quality management are important especially during new product introductions Dell also spends a lot of resources managing its inventory Dell was one of the first companies to keep its inventory at minimal levels and instead use the mass customization strategy to suit the needs of the mass market That is they pool as many resources together as they can and then they wait to put your computer together until after you ve order your model Walmart Mart maintains a world class supply chain system And so at every second of the day the company knows exactly what its inventory levels are not only inside thousands of different stores but also for thousands of different products inside those stores Using this just in time distribution system this ensures that the company has the right amount of inventory so that every customer can come and buy what they want Toyota is also known for its world class production system and is often credited with having started the just in time production process And because of it the company has a great process that not only works faster than other companies but also produces higher quality vehicles with less mistakes in the process Together these companies do things like managing their supply chain and inventory The optimize throughput and flow time They calculate things like reorder point ROP and service levels SL And they pay close attention not only to their specification limits customer limits but also to control limits process limits And these are also some of the things we did in the class Don t get me wrong I m not saying that everyone should work in operations Likewise I am also not suggesting that Operations will be everyone s favorite class Like any other course it had its ups and downs And it was also very much a math heavy

    Original URL path: http://www.jeremycwilson.com/2011/06/11/ (2016-04-27)
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