Our series of summer postcards continues!
Our series of summer postcards continues!
I have been asked many times, “What does ‘Real Impact. Real Learning’ mean?” during calls with prospective MBA applicants. Although I have multiple examples to share, I would like to share my experience during our Business and Society course.
We as a group (self-named Developing Developers) were scheduled to present a TED style talk on UN’s SDG#1: No Poverty. It was a marvellous day organized by our Professor Knut Haanaes where we went to United Nations, World Economic Forum and the Innovation center in Geneva.
Priscila and I presented our group’s work to the world. It was followed by a group hug by the “Developing developers” to celebrate our hard work in jotting down our experiences and solutions for tackling the problem of poverty.
So where is the “Real” learning here?
The day before the presentation: I was doing mock presentations in front of my group for feedback in our renowned ‘dungeons’ (study rooms!). The first mock was horrible, the second a little less horrible, you get the idea.
Although I have done numerous presentations, the thought of presenting in public still gets my palms sweaty. In comes my classmate, Joseph, the master of public speaking with his ever helping attitude.
We practiced in our auditorium with Jo providing valuable feedback and support. Understanding our public speaking misery, he uttered his three golden rules for public speaking:
I am really thankful to Joseph who was in the auditorium with me and Priscila until midnight! Helping us, perfecting us, supporting us!
This was not a learning I would ever find in a book or in a classroom, but only with the special bond we share at IMD!
After a 14 Hour hop over the Pacific the class touched down in Hong Kong, en route to Shenzhen, for the second and much anticipated part of the MBA Discovery Expedition 2019!
For many of the class this was our first visit to China and came against the backdrop of increasing trade tensions between the US and our new hosts… An interesting moment to discuss and learn more about the rapid rise of the private sector here in China!
First and foremost, the efforts made by the Chinese members of the 2019 class cannot go without mention. Whether it was organising evenings out in great local restaurants, helping with on-the-fly translations or organising Karaoke for the entire class, their contributions made our experience of Shenzhen an incredible one. They were always extremely generous with their time and as a class we are extremely grateful to all of them for the welcome we received and the experiences we shared as a result of their help and organisation! It was a great example of the value such a diverse group brings to this year and they should be extremely proud!
Of course, there was also the small matter of our intensive 5-day back-to-back schedule. Professors Bill Fisher and Mark Greeven had clearly invested months of work into this trip and it showed. The class was also very grateful to the Haier Group and James Wang for their insight into the local market and start-up community.
During our first day we were sent out into the sprawling metropolis of Shenzhen to complete a number of day-to-day tasks ranging from ordering a DiDi taxi purchasing something at Hema Supermarket or enjoying some daytime Mini-Karaoke TV, naturally… Needless to say, if you don’t have WeChat or AliPay or your Mandarin is rusty, these tasks can prove far more challenging than you could imagine… but in the oppressive 35°C heat we managed it, eventually, and the trip was off to a great start!
The next few days went by in a matter of seconds. Company visits to Tencent, Huawei, Ping An, UBTECH and others demonstrated more than could be satisfactorily recorded here. These companies are operating at a scale only possible in China and they are unafraid of the risks and scepticism surrounding new applications of AI, Machine Learning and Facial Recognition. They scale fast or they fail fast.
On top of this, a few common themes prevailed throughout our visits to local companies – a 6-day work week for many start-ups pursuing market domination, a government willing to go to great lengths to support technological development locally and a national obsession to educate the next generation in STEM & Computer Programming subjects.
Last but not least an unexpected detour! After meeting a French E-Bike start-up at one of the sessions, 10 members of the class took a spontaneous trip out to Huizou 惠州. We wanted to understand what it was really like to setup and scale a manufacturing operation in China, away from the bright lights and skyscrapers of the city. After a supposedly short ride, that turned into a 3 hour marathon of traffic and rain, we made it to the Carbo Factory. There we saw first-hand the challenges of going local here – finding a partner, setting up a JV, raising funds, getting the right shipping in place, protecting your IP from the competition – and it was truly impressive to see how founders Lynne and Lauryn have managed to overcome these. One of the many highlights of the trip.
As we headed to Hong Kong Airport the following day it was clear that even though we had experienced so much, this was only just a tiny perspective of this complex and vibrant market. But, most importantly, it had given many of us a unique perspective to build on for the future…
Ombudsman and Ombudswoman
February 2019: the 90 IMD MBA participants had worked shoulder to shoulder for approximately one month. IMD decided it was time for the class to have two representatives: a male and a female.
IMD took an innovative approach. Our class was simply asked to choose, in an anonymous poll, the people we saw as good class representatives: no popularity contest, no advertisements, no speeches, just true community spirit. The results came shortly after and we had been chosen.
Now, in June, almost half of the program is over and … it was tough! “He who learns must suffer” as Aeschylus would say, but the amazing part has been bonding with our fellow participants and the support we feel.
Here we share what this journey has meant for us so far, and the challenges we have faced.
“Camila, what was the hardest moment for you?”
I believe it was right before the module one exams, when we had so much going on at the same time: meetings with our “start-up” clients, studying for the exam week, and representing all of our class requests. In hindsight, it was a great learning and we could see a clear difference in module two.
“Sebastiano, what was the feeling right after the announcement we had been chosen?”
I was flattered and concerned: representing 88 future leaders is an honor and I knew it would be hard to stand up to their high expectations. I realized not only how much our batch deeply cared about inclusion and bonding, but also how much I cared about it. However, it was all very fast, we immediately had things to do for the class. It has been an amazing journey and a chance to know many of these extraordinary individuals better. I do everything in my power to deserve the trust and responsibilities that were imparted to me.
“Camila, what is the class feeling at the moment?”
I believe the class has come together with its own identity. We are no longer 90 individuals, we actually became the Magic 90. For many, there was this strange sense of relief after the pressure of module one and even when exams were imminent, things were smoother. There’s a lot of excitement for the discovery expedition and the summer break, and we’re using all our spare time to network and investigate the companies we believe will be the best fit for our future.
“Sebastiano, how do you think the class would describe these two modules?”
In the first module, classes are just part of the typical day: a chance to learn and start living the IMD journey together. Then group projects, essays, assignments, presentations, and tons of deadlines drop from everywhere building considerable pressure. But it also creates a tight bond within the groups as a survival response. In Module two the pressure is perceived differently: we are all stretching our limits and comfort zones, and being in groups is an additional push to raise the performance bar. In a way, module two is also about reflection and retrospection, with peaks in the negotiations course and innovation week.
“Camila any final words?”
Overall the experience has been great and the support of our classmates was crucial for this to happen. It’s a better learning opportunity than I could have imagined, and as such, it is presented with many challenges as well. “Learning to lead without hierarchy” seems to be a recurrent motto around here and it is no different for being an ombuds.
Ruchi Senthil shares her experience of the IMD MBA Assessment Day in New Delhi.
“I attended the IMD Assessment day in New Delhi, India on 14 March 2019 and what an amazing experience it was! Prior to my application to IMD, I had read numerous blog posts and spoken to IMD alumni who could not stop gushing over the Assessment Day. So it was not like I wasn’t prepared for it. But what I saw…. and what I experienced, far exceeded my expectations. While the day was challenging both mentally and physically – it was by far the most inclusive, tailored and personalised approach to MBA participant selection I have witnessed since I started my own MBA journey.
Since IMD was always amongst my top schools to pursue an MBA, travelling to Lausanne for the Assessment Day was something I expected and accepted because it would give me a shot at studying at such a prestigious school. However, I was mildly surprised, and to some extent disappointed, when I realised that IMD was pulling no stops at enrolling the crème de la crème for their MBA program by expanding their interview process to places outside of Lausanne – New Delhi being one of them.
While it saved me quite a lot of money, I wondered if they would be able to replicate the same atmosphere that I would have experienced in Lausanne. Overall, I did miss the whole ‘sit in class and eat lunch with current participants’ bit, and it would have been nice to experience the atmosphere at IMD before actually starting my course, but I guess you can’t have it all. So I was pleasantly surprised to find that not only did they bring the flavour of Lausanne to my literal doorstep, they did so with panache!
The Assessment Day was brilliantly organised in a 5 star hotel in the heart of Delhi city. IMD reserved the entire floor for just 10 of us, giving us enough space and privacy if we needed it. The order of the day was well organised, each of us got customised folders outlining exactly when we were expected to do what and the day moved more or less exactly on that itinerary. Both Anna Farrus and Paola Eicher were professional yet friendly, putting all of us at ease and trying to bring out the best in each of us. The attention to detail was phenomenal and it reiterated all I had heard. Each task that we were asked to perform that day had a specific function – to highlight qualities of leadership, team work and general competence to successfully undertake a gruelling MBA course.
All in all, I think the IMD Assessment Day at New Delhi worked like a well-oiled machine – no glitches!
Tyler shares his experience of the IMD MBA Assessment Day in Lausanne.
“It was definitely a risk traveling to Lausanne for my assessment day, not just because of the time and money spent that might not have resulted in an acceptance, but also because my wife was 37 weeks pregnant and I ran the risk of missing the birth of our second child! But ultimately the risk paid off. I got to know 8 other fabulous candidates from around the world, got to see inside the campus and how the school works, got a feel for Lausanne, and got a good sense of what my year at IMD would look like. And I didn’t miss the birth of my daughter!
Investing a year of my family’s life, moving to a new city (and in this case, continent), and spending a large amount of money warranted that I visit every school to which I applied or was even thinking about applying to. I visited eight schools in my MBA search. Every single visit was a valuable use of time and money, because in the end I felt confident in all the schools that I applied to.
Of all the school visits, none was as insightful as my assessment day at IMD. The experience actually started a few weeks before, when the school put me in touch with other candidates that were going to be attending the same assessment. We started a group chat and ended up making plans to meet for dinner in Lausanne the night before the assessment. I don’t know about you, but I don’t usually get to make dinner reservations with a group of strangers in a foreign country. The dinner was great, and we all got to know each other. It made the next day flow more smoothly, as there was a general sense of camaraderie and amiability that might not have been there otherwise.
The day showed us all about the character of IMD: intense, intentional, and intimate. Naturally, the tasks were complex and high-stakes, but rather than intimidating, the whole day was energizing. The busy schedule gave us a taste for the expectation of future participants. The fact that the school set aside a whole day to interview candidates shows that it has an eye for detail and an intentionality that goes into everything it does. Finally, the group-work nature of the challenges was very personal. IMD was the only school that I walked away from with the feeling that I’d made new friends.
And of course, traveling to Lausanne gave me the opportunity to see the city firsthand. What really sealed the deal for me was the breathtaking view on a gorgeous, sunny day while we all shared a post-assessment beer by the lake. You just can’t beat Lausanne for beauty. I wish I could have spent more time exploring the city, but every moment away increased the chances that I’d miss my daughter’s birth! It’s ok, because I now have a whole year to get to know Lausanne, which we are thrilled, anxious, and excited about.
Anna Farrus, Director of MBA Recruitment and Admissions at IMD, shares her impressions of the new global approach to our Assessment Days:
“Assessment Days are designed to get to know our candidates better, and for candidates to get to know IMD better. Besides the admissions interview, candidates are asked to participate in a number of individual and group activities. It is an intense day, for both candidates and Admissions! It also allows candidates to start developing their network. They spend the whole day with other candidates, and many of them already create friendships during the event.
For the first time, the MBA Recruitment and Admissions team have travelled all over the world to carry out our famous assessment days. We have visited Dubai, Sao Paulo, Mexico DF, New Delhi and Singapore, and assessed more than 40 candidates during these international assessment days.
I personally travelled to three of those cities, and it was a great experience. And yet, not very different from the assessment days in Lausanne. Everyone is nervous, with a look of anticipation in their faces. Most of the candidates meet before the event, and so there is always a sense of camaraderie amongst them.
While the groups that we met at the international events were less diverse, we were still able to see some of the same behaviours: the candidate(s) who would try to take the lead, the candidate who tried to involve everyone in the discussion, the one who remained quiet for most of the time yet had great insights,… Discussions were lively and interesting and, in some cases, quite loud!!
By the end of the day, we were all exhausted but happy. For us, the difficult part started a few days later, when the Admissions Committee had to make some difficult decisions!
For more insights into these days, read the posts later this week from Tyler, who took part in an Assessment day in Lausanne, and Ruchi, who did hers in New Delhi.