T minus 10

If I was an airplane I would be grounded on suspicion of metal fatigue, that is for sure.

The exams definitely got the best of us. It was as if we had been climbing a mountain for five months and had given everything we had during the last week to finally reach the top. We enjoyed the view from the summit for a day - ate and slept a lot - but then to our horror discovered that we were not there yet. There was still another two week hike ahead of us.

Whether consciously or not I had definitely told myself that once we were past the exams then I could roll through the last two weeks and straight into the holidays with very little effort. Reality has proven very different. We have kicked off the ICP projects at full speed while still finishing the last individual assignment and the case-writing for the startup projects.

Once you mentally have thought you were there and have started relaxing, it is almost impossible to get your heart beat and your energy level back up to the previous level. You felt it very clearly in the class room yesterday morning, when the first phase of the ICP project was introduced. It just did not really register that we had to get back to work. I had to be a mistake.

What you need to get through these kind of periods is a target. The weekend ahead of us is already lost to the cause in terms of preparation for and participation in the OWP program. I have therefore fixed my eyes on Friday the 26th of June at 12.00 noon. Ten days from now. That is the time we are let loose for our three weeks of summer holidays. I am SO ready for it and I sense that I am not the only one.

T minus 10.

Jellybrain and a jolly-good ride

'Jellybrain' one of my classmates just wrote in his Facebook status field. I know exactly what he means. A six and a half hour Finance Exam marathon just gets the best of you. Particularly when you already have done twelve hours of exams in the preceding two days plus whatever studying you could fit in. Just to add insult to injury there was 50 pages of pre-reading for tomorrows Strategy exam waiting in our mail boxes. At least it will be the last one.

Already yesterday I had had it with exams, so I decided - against all logic - to take my motorbike out for spin. It had been more than a month and half since I last took it out, so I was surprised when it started. Inspired by Kelley's Diary entry on Monday I went out East along the lake, past the Lavaux vineyards, through Vevey and Montreux before stopping for an Ice Cream in Villeneuve.

While eating my ice cream I decided to head up into the nearest mountain, which happened to be this one. There is nothing better than motorbiking in the mountains. You just feel that you are flying up the small winding roads. Before long I caught myself humming the song 'Country road, take me home, to the place...'. I think you know which one I talking about. It is an old classic that both John Denver and Olivia Newton-John have had success with.


As I went up the road became smaller and steeper and the temperature quickly dropped. I did not expect to meet anyone up there, but to my surprise there was a typical small Swiss Inn at the top. This is the view from their terrasse. I am definitely going there again, even if only for an ice cream! The picture is taken with my phone so it does not do the view justice, but you can sense the curvature of the lake. Lausanne is in the right-hand side of the picture although you cannot see it.


Coming from little 'flat' Danmark I cannot help being amazed how people like the Swiss adjust to living in such a vertical world where everything is either up or down. I passed this little mountain railway station next to a tunnel through a cliff under a house! All of it of course at a significant incline!

It was a great and really reenergizing ride albeit it only lasted a few hours. I have promised myself to do it again soon. Then again, that is what I have been doing for the past three months......


Thorsten


Hanging out on the lawn during yesterdays lunch break between the Marketing and Global Political Economy exams.

Henry Low [Singapore] and Rasmus Figenschou [Norway] talking while Lisa Bridgett is watching from the back.

Exam preparation!
Fadi Sbaiti [Lebanon/US], Wouter Naessens [Belgium] and Jodie Roussel [US].

Brad Moldin [US] and Oliver Freiland [Germany] enjoying a cup of coffee before diving into the Finance exam.

The Finance exam was a killer. Here we are around four hours into it.



The reward was a cheeseburger at the harbour front.
On the left: Olivia Assereto [Italy], Marco Simons [The Netherlands] and Carsten Bremer [Germany].
On the right: Ope Adejoro [Nigeria], Yury Vasilkov [Russia], Valeria Pavlyukovskaya [Russia] and Thorsten Boeck [Denmark].

Accounting, my old friend

There is nothing like having an old friend over for coffee. Today I am with Accounting, my old acquaintance from Building Block 1. We are discussing the same things that we talked about back in March, cash flow statements, ratio analysis and a little bit of Balance sheets. A few new topics - management accounting and relevant cost - have also sneaked into our conversation.

Yes, the exams are here. Five of them within the next four days to be exact. We kick off with a double tomorrow, Accounting in the morning and Global Political Economy in the afternoon, four hours of each. Then it is Marketing, Finance and Strategy over the following days. That does not leave time for in-depth preparation of all of them, so it is all about focusing your resources on the things that are right for you!

Finance is the big one for me this time. The biggest chunk is about assessing the financial health and the value of a company. Not really rocket science, but just an awful amount of details to understand and memorize.

I have said it before and I will happily say it gain: The exam period is a piece of cake compared to an ordinary week at IMD. Yes, the pressure is still there and so are the many hours with your head in the books or in your laptop. But you have much more control of your time as you don't have to coordinate your work across three groups and balance a million other things at the same time. I have slept a lot since Friday and I am getting some real quality reading done now that my head is not pounding from lack of sleep.

I have had a couple of other things to take care of as well, though. I have spent part of today finishing the end-of-course innovation paper, which is due tomorrow and I had lunch at the school with the other Scandinavians. We are arranging a mid-summer party on the last day before the class goes on summer vacation in a little more than two weeks. In the Scandinavian countries mid-summer calls for a bonfire. Whether we ever will get that through the Swiss authorities remains to be seen, but we will definitely give it a try!

Thorsten


The campus is so tranquil these days. People are just hanging around during the lunch break enjoying their Mövenpick ice cream or a coffee from the café.


Even the MBA students crawl out of their dark dungeons during lunch time to enjoy a few energizing rays of sunlight. From left it is: Stefano Cazzulani [Italy], Oliver Freiland [Germany], Seif Shieshakly [Saudi Arabia / Germany], Sebastien Guery [France], Wouter Naessens [Belgium] and Johan Jansen-Storback [Sweden/Finland].

Reunion and Rematch

If you thought things would slow down after we had the last class on Friday, think again. At least it has not been the case so far.


Saturday morning was kicked off with a Career Services session where four alumni told the stories about their job search and answered questions from the class. From left it is Patrick Wang (MBA2007), OJ Skjelten (MBA2007), Mathieu Pointeau (MBA2008) and Thomas Buus (MBA2007). The overall message of their experiences were: 'Be focused and be prepared!'

The afternoon was spent doing mock-up interviews with a number of alumni who had volunteered to act as interviewers. The aim was to practise our skills of being interviewed and get some feedback, so we know what to improve in the future. And so we did! I had my interview with Dr. Peter Walti from the MBA class of 1979! Although his class is celebrating its 30th anniversary this year, Dr. Walti still attends the interviewing session every year. That is the commitment of the IMD network.



Until this point we had occasionally met alumni or had contacted them using the alumni database in connection with our startup projects, but we had as such not really felt the proclaimed strength of the alumni network. That changed completely Saturday evening, where the school hosted a networking event for our class to meet the alumni. More than 200 people showed up! Time flew by until my back and my feet started telling me that I had been standing around talking for five hours straight! For many of the alumni this was also a small reunion with many of their old classmates. Judging from the many hugs that were exchanged they had clearly made friends for life during their year at IMD.

Today Sunday was the day for the long awaited rematch between the 2008 and 2009 classes. On 16 April this year the 2008 class had suffered a humiliating 5-0 defeat so there was much at stake.



The 2008 team including some reinforcements.



The 2009 team including reinforcements from the 2003 and 2007 classes.


The game is on! It was very even and after one and a half hours of play the score was 2-2. In the last minutes before the whistle the 2008'rs attacked with a quick rush to the goal line by Janislav Marinovic [Chile]. Janislav put in a cross to Paul Holmes who scored the winning goal to 3-2. There are, however, witnesses that claim that the ball was out of bounds before it was sent across and that the goal therefore should be annulled. In the spirit of the game the 2008'rs were given the benefit of the doubt and thereby the victory.

This incident has certain similarities to the 1966 FIFA World Cup Final where England met West Germany. In extra time Geoff Hurst hits the crossbar and the ball bounced down on or just behind the goal line. England was awarded the goal by the linesman, but despite much subsequent technical analysis and discussion the two nations have never been able to settle the issue. You can read about it here or watch the video here.

The 2008 and 2009 classes do not want any ambiguity about the results, so a new date was immediately set. On 28 August the two teams will thus face each other again in what likely will be the final showdown!


After the match the partners had arranged for a lunch around the ping-pong tables in Parc de Milan.


Here it is Ryo Abe [Japan and MBA 2009] getting a bite.


3 x MBA2007! In the middle is Sergiy [Ukraine] who plays with us every Sunday. I unfortunately never got the names of the other two gentlemen.


Angela Akamine with a tired son!

Thank you to all of you that coordinated, cooked, transported and in any other way helped make this event so great:
Andres Akamine
Angela Akamine
Barbara Martin (MBA office)
Angelika Vytogiannis
Myriam Vacher
Aude Tavernier
Beate Gensel
Kanika Lakhwani
Chris Eaborn

End of an era

We started the last day of Building Block classes with Professor Phil Rosenzweig rounding off the 'Critical Thinking' stream. This mini-stream has cut across a number of different classes such as marketing, strategy, operations and finance. Today's class summarized what we had learned in the previous sessions and aimed at preparing us for the ICP projects by reminding us of the traps that are so easy to fall into when we are collecting and analyzing data.



Just before lunch we had an interesting speech and Q&A session with Mr. Ramadorai, CEO and Managing Director for Tata Consultancy Services (TCS), which he has been associated with for the past 36 years. TCS is specialized in IT services and business solutions and is today a USD 6 billion company employing 140,000 people accross the globe.

In the afternoon we had our very last class of the building blocks and it was Leadership Professor Jack Wood that had the honor. The atmosphere in the class was very light. There was a feeling of relief. We are not quite there yet - there are still some exams to go - but we are no longer staring at a distant light at the end of the tunnel. We are actually so close to the exit that we can see what is going on outside the tunnel.

Lisa Bridgett [UK/South Africa] and Walid Sahyoun [Canada/Lebanon/Italy] had arranged for champagne for the whole class in order to celebrate that we had reached this important milestone. Here is a few pictures from that event.

From left: Kornelius Thimm [Germany], who by the way is celebrating his birthday tomorrow, Vladimir Korobkin [Russia] and Christian Cuenot [France].


From left: Paul De Hek [The Netherlands], Stefano Cazzulani [Italy], Karim El-Koury [Austria] and Sylvain Cabalery [France].


Eu gen Cha [Korea], Ricky Zhu [China] and Alejandro Salcedo [Mexico].



Fathers and neighbors! Andres Akamine [Peru] and Walid Sahyoun [Canada/Italy/Lebanon].


We had the tailor Vijay from Thailand come by to take measurements for shirts and suits, which he then will go back to home and have made. A great share of the class stopped by, so we will be looking sharp when we start our job hunt in a couple of months!!

The Polar Bear club is steadily growing. Here are yesterday's participants before they get in. Although the water temperature has increased several degrees over the past two months it is still very cold, so it takes a while to get everyone in as you can see in this video.

Polar bears in the water!

Have a great weekend!
Thorsten

Just another day in the office.....

Just another day in the office, at least in terms of length and intensity, but as usual a standard day at IMD has some new elements to it. Today that element was the first 'real' meeting in our ICP team. Yes, we have had other meetings already and we have met with the client and with our coach, but this was the first time that it was just the five us 'locked up' in the dungeons with a specific deliverable.

Today's deliverable was a Letter of Agreement outlining and aligning the expectations for the project for both the client and the ICP team. Moreover, we had to come up with a work plan for the first phase of the project. The project is split in four phases, where phase 1 is an industry analysis. But how do you do an industry analysis for an organization who's purpose it is to help the children of the streets of Nairobi? What does the industry produce? Who are the competitors and the customers? And the key success factors? It became obvious that we will need to tweek and turn the framework we have been taught to get useful results, but we are not in doubt that the framework will work. It is just a matter of how we do the tweaking.

My group has spent the last two evenings in the dungeons, where we have been working on the last group assignment for Finance. We are conducting a thorough analysis of the financial health and estimated value of the two food industry giants Danone and Nestlé. The assignment has been heavily driven by our CFO Alex Rubio [Brazil] and by Sato Konagai [Japan], a.k.a. Mr. Framework. The rest of us have been trying to keep up, add value to the best of our ability and learn as much as possible in the process. The assignment proved to be an excellent exam preparation for most of us. Accounting was the heavy exam at the mid-term exams in March. This time it will be Finance I will have to focus on!

The Finance exam was due at midnight and at 23:57 Alex submitted it by email. At 00:01 Finance Professor Jim Ellert replied and thanked us for a just-in-time delivery. No time wasted around here!

Thorsten
















Sato Konagai and Simon Brunner, a.k.a the Dalton brothers. It remains unknown whether this was a pure coincidence or they were trying to send a message! :-)

From Shrek to Cinderella

I just sent in my second leadership paper. 4936 words on the roles that I either take or that I am given in different groups and in different settings. Sounds weird? It did to me as well when we went through the first leadership classes back in January. Transactional analysis, child-parents relationships, group dynamics and power plays. I was skeptical. Were we not over-analyzing things?

Today we use all of this terminology without thinking about it. In describing the roles I have heard about my classmates using such colorful characters as Shrek, Cinderella, Scarlet O'Hara, Curious George and Gandhi. At times it almost becomes philosophical. Just listen to this quote from my paper:

'The tricky thing is that you think that people think in a certain way and therefore you start acting as if they think the way you think they think!'

Did you get that? :-) I hope the person reading my paper does as well.

And now I better get a couple of hours of sleep before we head into the last week of classes before the final exams. I can't believe we are this far already.

'Godnat og sov godt!' as we say in Denmark.