Saturday 31 May 2014

MBA Is Now The Most Popular Master’s

Most Popular Degree in U.S.

The MBA surpassed the Master's in Education as the most popular
postgraduate degree in the U.S.

Through most of the modern era, a master’s in education had long been the dominant degree, in part because some states require it to teach. Indeed, back in 1970-71, business master’s accounted for just 11.2% of all postgraduate degrees, while education dominated with 37.2%. In those days, even advanced degrees in the humanities, which had 14.6% of the market for master’s degrees, exceeded those in business.

The remarkable growth of the MBA—largely due to its widespread acceptance by employers and the almost assured return-on-investment of the degree—has been fairly steady during the past half century, making the degree the most successful educational product of the past 50 to 100 years.


The MBA has adapted to change better than any other form
of advanced education.

“Businesses have grown enormously in complexity and scope, and more than ever, they need ethical, skilled, well-educated, creative leaders who are global in outlook,” says Danos. “Business education in general and the great MBA programs in particular have adapted as these demands have grown, perhaps better than any other form of advanced education.”


While the analysis focus on the U.S. market, the adaptiveness of MBA programmes to the complexities of business characterizes our Otago MBA.



Tuesday 20 May 2014

Otago MBA: Now accepting applications for April 2015

 Express your interest

Considering an MBA?


An investment in an MBA degree may be one of the most important, career-changing investments you can make in yourself; and make no mistake, the $40+ grand in tuition and time away from a income generating job is an investment in you, with a return on investment (ROI) calculated over the remaining years of your employment (e.g., better jobs, more mobility, faster promotions, greater responsibility, access to executive-level positions, higher salaries and payback on the initial investment in just a couple of years).


Otago MBA is now accepting applications for April 2015


The question is: "Are you worth the investment?!"  April 2015 may seem like a long way off, but our market for incoming MBA candidates will peak over the next five months and the nucleus of our MBA 39 class will be in place before the end of 2014.  The choice of MBA programmes can seem bewildering and risky; thousands of programmes exist; and many candidates rely on rankings as the predominant criteria for evaluating their options.

Your reliance on rankings (i.e., a suspect summary statistics of programme quality) equates to
us (the Otago MBA management team) distilling your quality as an MBA candidate
to a GMAT score, something we do not do.*

Everything you need to know


This blog is intended to allow you to get to know us, to peek inside our programme, meet our people and gain an understanding of the experience (value) we offer.  I encourage you to click on the links below to gain insights into the Otago MBA and make an informed decision about whether a good fit exists between your needs and our programme.
Programme Design: Focus on the individual and Academic Integrity
Candidate Selection / One & Two: experienced, mature, self-motivated, etc.
Why Candidates Choose Us: New Zealand experience or residence
Reliance on GMAT Scores: a suspect summary statistic.
Diploma vs. Full-time MBA: two options.
Conceptual Reasoning: Business Model, Concept, Reading & Writing, In the Classroom.
Placement: You're kidding!, A better way.
The Classroom: Emphasis on thinking, Active Learning, Power of Introverts.
Students: Cultural diversity.
Our Faculty Team: Denis Kobzev, Paul Hansen, Julia Richardson, Beth Rose, Anindya Sen.
Our Students: Ryf Quail, Krister Häll, Silvia Scherer, Melissa Barry.
 Mentored Consulting Experience: One, Two, Three, Four / Congratulations James!
Graduate Profile: what should our graduates look like?
Otago MBA Ranking: QS Global 200.
Life in New Zealand: DunedinAdventure, Coffee, Top Tourist Destination.
Miscellaneous:  Public Speaking, Doing Business in India

Register your interest in our Otago MBA programme!

Click here


*We do request a GMAT score, but we're far more interested in the complete candidate profile, ...and we provide you with our most recent QS Global 200 ranking (above).


Monday 19 May 2014

Conceptual Reasoning 3: classroom discussion


Thinking constitutes an acquired skill refined with practice.

Hi again guys,
I'm hoping that we can make the refinement of your conceptual reasoning skills fun.  
Here's an explanation.

Much of our course and project work centers on thinking conceptually: i.e., abstracting away from the immediate details of a situation to comprehend a problem and solution. We recognized this ability (to think in terms of concepts) as essential in student candidates and a central theme developed across courses, thereby helping you to refine this ability as you progress through our programme. It in part typifies the transformation we say should occur in our students. 
It may also be possible to turn this ability into a game.  As you interact in class, consider asking your peers the following question: 
  • What do you mean by…? 
  • How are you defining…? 
  • What assumptions are you making…? 
  • What is your basic premise / logic?
  • Can you abstract away from case details to clarify your argument?
  • Do you have credible sources to support your logic? 
  • Are you arguing from data points (symptoms of a problem)?
  • Are you arguing from experience?
  • Is that your opinion? (the same thing as arguing from experience)
  • Does your small-N logic generalize? 
  • Can you reasonably argue from analogy or metaphor?

 "All I hear is noise."


Conceptual Reasoning 2: Reading and Writing


Conceptual Reasoning
It has come to my attention that reading assignments are taking an inordinate amount of time; students are concerned about plagiarism (i.e., unknowingly violating rules); and they may be insufficiently distinguishing between description versus analysis in their reading and writing.  Here are some recommendations.

How to read (for speed and comprehension):
  1. Never read any course materials, articles or book chapters, from first line to last line. Professional materials are not stories, not read descriptively, and not read to fulfill an obligation.
  2. Read the abstract, introduction and conclusion (first).
  3. Analyse course materials, looking for specific information: concepts, definitions, and logic structure.
  4. Identify boundary / context limitations (e.g., interpersonal leadership vs. leadership at a distance - through social media).
  5. As a secondary concern, review any applications of the logic to data (e.g., examples or case studies).
  6. Compare treatments of concepts, definitions and logic structure across readings.  You may consider constructing a table: left column for concepts; middle for definitions, logic, context; and right column for personal notes / insights.
How to write as a scholar & professional:
  1. Analyze the lecturer's instructions for key concepts and questions.  What is the lecturer asking?
  2. Demonstrate a scholarly understanding of these concepts in any written assessment or exam question, including defining concepts and referencing appropriate course materials.  
  3. The greatest concern about plagiarism will arise when you're interacting with, or borrowing from, course materials. 
  4. Identify any boundary conditions: "My analysis will focus on X in such-and-such context, and not address issues pertaining to Y or alternative contexts."  Lecturers appreciate the clarity of structure.
  5. Quite often the lecturer will require you to apply course concepts to data (e.g., reflection on a personal experience or case study) with a specific context. 
  6. Analyze the data (case study) using your conceptual understanding; do not describe.  This should be entirely your work, with references included only to back up your arguments. 
  7. ***Remember, separate your scholarly analysis of the concepts from your application of concepts to data!
A student once asked, "Yeah, but how does this relate to the real world?"  My response, "You call it the real world; I call it messy data."  
Your job as a business professional is to abstract away from the noise and confusion (e.g., excess immediate, irrelevant information + opinion); structure the problem in a professional literature; and follow the recommended analyses to find a solution.  Ideally, you will back up any argument you create with data (quantitative analyses + interviews with industry experts) from the real world. 


Conceptual Reasoning 1: and its application

Conceptual Reasoning
This blog post is for our students (the focus audience); all others
 may feel free to listen in.  

Hey guys,

You've completed your first major writing assignment and soon face end-of-term projects and exams.  A sufficient context exists to explain conceptual reasoning and its application to (1) reading course materials and (2) writing as a scholar/professional.  In this post, I want to describe how the brain processes sensory data into percepts (i.e., meaningful perceptual representations of the world), experiences and concepts arising from experience.  I'll emphasize the following critical insight:
Experiences informs your gut feelings (i.e., intuition), but your experience-based conceptual understanding of the world (i.e., knowledge based on one lifetime) remains opinion and inadequate to call yourself a professional.  You need to ground your thinking in established bodies of knowledge (e.g., marketing, finance, Org. Leadership, etc.); you do not get to make the world up from scratch.
 Goethe put it this way, "He who cannot draw on three thousand of years human 
history lives from hand to mouth." ...a subsistence existence.

Here goes. All sensory data (except olfactory) enters the brain through the thalamus and is channeled to primary sensory cortices (V1 for vision). V1 neurons process the same minute details of any visual stimuli: they code for orientation at a point in space and spatial frequency of stimuli at that location. No meaningful, big-picture pixelated representation of the world exists.

These data advance along the ventral visual pathway to the Inferior Temporal Cortex (ITC), where percepts (meaningful visual representations) are recognized and stored. This is where you recognize people (including specific individuals), places and things.  These data undergo additional processing in an associative hierarchy and are integrated into meaningful experiences in the hippocampus; you remember emotion-laden events that trace the important moment in your life.

The hippocampus is also recognized as the nexus between percepts and concepts. For instance, learned associations between stimuli arise from statistical regularities in your environment (e.g., person + place = barista), and these regularities prove beneficial for predicting and interpreting future sensory data.  Try this: think about a rugby field and picture the things you would expect to see: white lines, goals, players, bleachers and fans.  You see these things, infer, "rugby," and adjust your behavior accordingly. This kind of experience-based learning is essential, but only carries you so far.

Leadership, justice and trust comprise the three (multidimensional) concepts (the focus) of Julia Richardson's Organizational Leadership course.  Now, based on your experience, you may somewhat grasp the meaning of these higher-order concepts.  Maybe you've known someone who demonstrated leadership, but any experience-based reasoning remains hand-to-mouth and inadequate for our MBA education.  We encourage you to share experiences in the classroom, but you should remember, experience-based reasoning is:

  1. based on a small N sample (N = one).
  2. essentially arguing from opinion (bad, very bad, wrong).
  3. with very limited generalizability (change the context and your experience loses value).    

We ask you to:
  1. abstract away from complex business problems.
  2. ground your thinking in established bodies of knowledge (course materials).
  3. define key concepts (from course materials) as a foundation for constructing logical arguments.
  4. Use course materials for in class discussions, written assignments and exams.
  5. And, appropriately reference your sources.
I know, my explanation of the brain is abbreviated and crude but, if you want a
more thorough explanation, you'll need to ask me nicely.

Cheers,  David


Wednesday 14 May 2014

Otago MBA: week six update

Otago MBA

We're in week six of eight and Term One is rapidly coming to an end.  Weekly reports from our lecturers indicate that all students are performing well and will successfully complete this term's courses.  

  • Julia Richardson (Organizational Leadership) has scored students' reflective mid-term module assignments and she has one more lecture before students take over the class to present "Elective Topic Workshops," an assignment in which student syndicates (teams) design corporate training programmes for topics not previously covered in class.  
  • Beth Rose (Statistics and Decision Tools) has finished delivering new material and students are actively analyzing data pertaining to a complex business problem, an individual level assessment.  
  • Paul Hansen (Economics) will still introduce students to the topics of Behavioral Economics (e.g., bounded rationality, prospect theory, judgemental heuristics / biases) and Game Theory, as students concurrently complete syndicate-level applications of multi-criteria decision making with 1000minds software.
  •  Term One final exams begin on 31 May.

One additional note: Our students returned from their International Exchange at Duke University
and report that they performed well (i.e., "with relative ease") in Duke's MBA
courses after completing our Otago MBA core programme. 

New Otago MBA Team Member: Anindya Sen

Otago MBA, NZ
Anindya Sen
It's with great pleasure that I introduce a good friend and colleague, Anindya Sen, as the newest member of our Otago MBA management team.  We were fortunate to lure Anindya away from the Indian Institute of Management, Bangalore (IIMB).  He comes to our programme with experience as a Quantitative Strategist at Goldman Sachs and Morgan Stanley (London), where his responsibility included modelling complex financial derivatives and designing customized financial products for clients.

Anindya has taught Statistics and Finance in our programme for three years; will teach Investment and Global Financial Markets (BMBA 508) in term two; and consistently ranks as one of our most popular lecturers. He brings great energy to our programme. I can speak for all of our management team and alumni in stating that life as we know it within the Otago MBA programme has changed forever: let the chaos begin.

Welcome Anindya!


Wednesday 7 May 2014

Doing Business in India: a synopsis

Doing Business in India: Melissa Barry & Jason Silby (centre back)
Melissa Barry and Jason Silby recently returned from their trip to India and offered the following (condensed and consolidated) synopsis of the Doing Business in India (DBI) programme offered through the Indian Institute of Foreign Trade (IIFT – in New Delhi, number 6 Business School in India) and funded through scholarships through Education New Zealand.
Melissa described the DBI programme as “a hugely enjoyable and worthwhile experience that was an excellent follow-on from the Otago MBA programme. I fully encourage anyone to apply for similar opportunities that may arise in the future.”
Jason wrote, “Given the opportunity I’d return to India in a heartbeat and highly recommend that anyone considering doing business in India wastes no time in doing the same.”
About the Experience:
Melissa describes her experience as “chaotically wonderful. Nothing you read in books or look at on the internet can prepare you for the smells, heat, crazy traffic, haggling in the markets or diversity and sheer number of people.

Jason adds, “I was delighted to be given the opportunity to spend two weeks experiencing the differences [between NZ and India] first hand as a participant on the DBI programme.
The DBI Programme:
Jason: The programme was designed to make the most of our time in the country combining classroom learning, practical exercises, field work, networking and sightseeing.

 “The topics included Indian manufacturing, services, retail and banking sectors, hedge strategies when operating in int'l markets, mergers & acquisitions, the Indian macro economy, opportunities for int'l trade, trade regulations, WTO trade regulations and the implications of the probable free trade agreement between India and New Zealand."

Melissa: “The IIFT covered a range of subjects that complemented the core classes of the Otago MBA. The programme consisted of general lectures in different areas of business all with a focus on India – Economics, International Business, Marketing, Human Resources and Operations delivered by excellent lecturers who were world class.

Both students commented positively about, “going on site visits to a number of places that included Yakult India and Maruti-Suzuki in New Delhi, a shoe factory in Agra, a 5-Star resort called Chocki Dhani, Mahindra World City and a jewellery manufacturer in Jaipur.”
Comparison with the Otago MBA:
The small size and highly interactive nature of each session made the classroom learning feel… similar to that I have experienced on the Otago MBA. The IIFT faculty were outstanding in their ability to simplify complex material delivering both breadth and depth to what was essentially a very diverse group."
“…the lecturers effectively delivered large amounts of information in an interesting and concise manner. The classes were intense but I found them valuable and …on par with those taught at Otago University.”
Personal Highlights / Key Insights:
Melissa: “For me the stand out lectures were on International Business where we learnt a huge amount about Free Trade Agreements and tariffs,

Jason: “The most obvious lessons learnt during the DBI programme are the importance of face time and personal relationships in Indian business (they don’t rely on email), the level of price sensitivity and the importance of tailoring product offerings to the Indian consumer.
Melissa and Jason’s experience in India was “not all work; we were taken
to visit the Taj Mahal in Agra and the Amber Fort in Jaipur.


Monday 5 May 2014

Coffee: an update!

Otago MBA, Dunedin NZ, Proper Coffee
the fix: a Dunedin landmark and arguably the best coffee in 
the city, owned by Kevin and Amanda Smart

I previously wrote a post on New Zealanders and their coffee, but need to share some insights gleaned from recent experiences.  As noted, NZers take their coffee seriously and prefer fresh brewed from a French-press or espresso machine. This post explains the (possibly confusing) terminology of mainstay menu choices and identifies three of the best coffees in Dunedin: the fix, Allpress Espresso, and Strictly Coffee (see NZ Coffee Culture for more information).
Short black: This is a single shot of espresso; full-flavoured, fragrant, with a velvety body and lingering after-taste in a demitasse (small cup).
Long black: Double shot serving of espresso, with an equal amount of hot water added, or sometimes with the water served separately (typically $3.00 to $3.80 per cup)
                    - Insight - Some baristas will ask you how much water you want added                                                                           to your long black.  The long black usually comes half the cup filled 
                      with water, but you can order one-quarter or three-quarters.  Three 
                      quarters water approaches an Americano. 
Quad-Shot: Insight - You can ask the AKO Espresso cafe at the Polytechnic for a quad-shot             which is the equivalent of two long blacks in the same cup, with your preference for the amount of water added.  The price is $4.40 or less that twice the long black price, my new favourite drink (not available everywhere).
Americano: This is a double shot of espresso in a cup with hot water added to the brim: much stronger/better than drip.
          - Insight: the only difference between a long black and an                                           Americano is the amount of water added, so it's a mistake to                                   order an Americano with slightly less water.
Flat white: This is one-third espresso, two-thirds steamed milk and a touch of swirled froth on top.
Ristretto: This is an espresso (same amount of beans), but half the water: a high-octane half shot of espresso.
      * Cappuccinos and lattes are generally available.
      * Want low-fat milk, ask for “trim” or “skinny.”
      * Starbucks exists on George St., but Kiwis tend to view their coffee as inferior.



Coffee in the States does not come close to the quality
of brews in New Zealand.

Cheers, David 




Academic Integrity: the Otago MBA



As you may know by now, I'm the academic adviser for Executive Programmes with the dedicated responsible for maintaining the academic integrity of the MBA, as well as mentoring students through their Live Case and BUSI 540 professional consulting engagements. 

I was recently asked to document the steps we take to "maintain the academic integrity" of our MBA programme and thought it would be useful to share this information here.  All of the following initiatives fall under the umbrella concept of Quality of Learning as specified by the Association to Advance Collegiate Schools of Business (AACSB) and Equis accrediting institutions. 

We devote great attention to designing our courses and the overall MBA programme, including:
  • emphasizing consistent themes across courses: e.g., educating the whole person with specific focus on character and the quality of students' conceptual reasoning abilities
  • balancing student workloads across courses to assure the doability of assignments / assessments
  • adhering to the scholarly literature on assessment and student feedback
  • conducting beginning and end-of-term reviews of each course: and using these reviews to improve the quality of our programme from year to year
  • and, benchmarking our courses (e.g., our strategy course against the London School of Business), and evaluate how well we stack up.  Very well, thank you!  Recent reports from our students' participation in the "Doing Business in India" and International Exchange at Duke MBA affirm the quality / rigor of our Otago MBA core courses.
And we provide this high quality education in New Zealand, an environment of