...Applicants with a plan for the future and a good grasp of what is expected of them as MBA students are the most likely to succeed as MBA graduates. We know plans change and that people often pursue an MBA to create new career options. That said, we ask that you give us a clear statement of your current career plans. Your essay should answer all the following questions: 1. What do you expect to do immediately after completing the MBA program? 2. What steps have you taken to assess the viability of your post-MBA goals given your experience to date combined with your intended MBA study plans? 3. What do you anticipate will be the primary challenges to achieving your career goals? What is your lifetime career goal? 4. What unique aspects of the Foster MBA Program would contribute the most towards achieving your short term and long term goals? (750 words max) I was exposed to the world of finance when I first came to the United States, back in 2002. After finishing my Marketing program at Berkeley, I was hired as an unpaid intern at the now defunct investment bank, Bear Stearns, & Co. It was there, that my interest in finance soon turned into fascination at how the world financial markets worked. The fast-paced yet organized environment was unlike anything I had experienced and something, I decided then, that I wanted to be a part of. Over the last 5 years, I have worked at Bear Stearns (in their Private Bank and Institutional Equity Sales departments),...
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...Hong, Kil Dong Applying for MBA Yale University 1.Please discuss the principle elements of your educational and work experience to date. Describe your specific career objectives as a professional manager(three to five pages, double-spaced) Since I had worked in the xxx product department of xxx, established by my deceased father, the yearly income was $xx million in 19xx and in the top 10 rank in Korea, my major problem was a lack of knowledge in Finance and Management. Upon graduation from undergraduate studies, I was employed in the Management Planning Team. Because I did not have the background in business administration from majoring in English Literature in undergraduate, I realized the difficulty in grasping the concept of general company matters, marketing analysis, and setting up the short and long-term marketing plan. When I participated in the future development of xxx and sales project for 10 months that began in February 19xx, I realized that I was incapable of successfully performing my duties as an Assistant Manager with 8 staff members for a project in which the company heavily depended upon. It was then that I had realized what special talent was needed to become a successful manager. For instance, while analyzing xxx, xxx’s technological advantage and marketing strategies, I realized the importance of learning Marketing Research and Strategy. I also realized the importance of Financial Management and Corporate Financial Policies when planning...
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...Value Chain Business 1_ Introduction: The concept and benefits of Value Chain Analysis in preparing business strategies: To survive in today's highly competitive business environment, any organization must achieve, at least temporarily, a competitive advantage. A low cost/price strategy: focuses on providing goods, services at a lower cost than the competition. This strategy requires as well a tight cost-control system, benefiting from economies of scale in production and experience curve effects. Differentiation strategies: The firm ability to offer products and services that are perceived by the customer as being superior and unique relative to those of its competitors like Coca-Cola in the soft drink industry...... A value chain can be described as the key activities engaged in by the organisation or industry.: Value chain analysis may benefit an organisation in a number of ways including: - Value chain framework: complements other recent initiatives like strategic cost management, which refers to the simultaneous focus on reducing costs and strengthening an organisation's strategic position. This commonly involves taking a longer-term view of cost management and decision making - Provides a foundation for strategic alliance decisions. A value chain framework serves as the foundation for considering decisions such as outsourcing of particular parts of the value chain and for considering the formation of strategic alliances with say a distributor. In this way, the...
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...I used to play soccer for a club,just for recreational purposes,in fact i was one of the cofounders of the team. The team we assembled was a mixture of young and old, and for this reason we were the laughing stock of the league, because all other teams were made up solely of young players, who were exceptionally talented. The team ended up on the wrong side of the score for the first few games we played, and got nicknamed the “whopping boys”. Eventually we grew tired of the nickname and of our performances on the field, and we decided to try and improve things, first thing we did was to elect a leader for the club. Even though i didnʼt want the job, i was voted into the position, and as the president it was my duty to represent my team when the league called for club meetings. At the time we were all students, so it was decided that we would all contribute towards any and all expenses,but unfortunately when you dealing with a blend of young and old, things donʼt always go according to plan, people constantly made up excuses for not showing up for practice, or for not contributing towards our equipment. Even though it wasnʼt my duty, i took it upon myself to ensure that every single player showed up for practice, i used to drive up to the houses of all those who didnʼt have any transportation. It was a tiring job, but i realized that if i wanted the team to be successful, i had to make certain sacrifices, some of which included taking money out of my own pocket...
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...INTRODUCTION In 1983, Howard Gardner's Frames of Mind: The Theory of Multiple Intelligences introduced the idea that traditional types of intelligence, such as IQ, fail to fully explain cognitive ability. He introduced the idea of multiple intelligences which included both interpersonal intelligence (the capacity to understand the intentions, motivations and desires of other people) and intrapersonal intelligence (the capacity to understand oneself, to appreciate one's feelings, fears and motivations. The first use of the term "emotional intelligence" is usually attributed to Wayne Payne's doctoralthesis, A Study of Emotion: Developing Emotional Intelligence from 1985. The first published use of 'EQ' (Emotional Quotient) seems to be by Keith Beasley in 1987 in an article in the British Mensa magazine. However, prior to this, the term "emotional intelligence" had appeared in Beldoch (1964),] Leuner (1966) Stanley Greenspan (1989) also put forward an EI model, followed by Peter Salovey and John Mayer (1989). The distinction between trait emotional intelligence and ability emotional intelligence was introduced in 2000. However, the term became widely-known with the publication of Goleman's Emotional Intelligence - Why it can matter more than IQ(1995). It is to this book's best-selling status that the term can attribute its popularity Goleman has followed up with several further popular publications of a similar theme that reinforce use of the term Goleman's publications are self...
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...student from Texas Southern University. I earned my Bachelor’s degree in Business with a concentration in Accounting and I want to get my MBA in Accounting so I can be eligible for the CPA exam. I have great expectations when I earn the MBA. I have great visions concerning my future and only a master in Accounting is the key to get to where I want to be. Upon graduation I wish to work for the big four. As a team member in one of the world's largest accounting companies, I will gather enough experience to be able to manage my own business. My long-term goal is to become the founder and CEO of a CPA firm that will help companies to stay in business and also perform their annual audit. I desire also to have businesses all over my native country Senegal. I want to position the company as a profitable, international and leading company in finances in general, and aspire to establish a sustainable organization, creating workplaces for thousands of employees and turning an underdeveloped area into a flourishing industrial zone. After fulfilling this goal, I intend to follow the growing trend of successful executives who moved to the public service sector. My plan is to become a senior manager in the big four in order to gain some experience before opening my own business in the United States. The Texas Southern University School’s MBA program is the perfect bridge from where I am to where I want to be. I am attracted by the originality and uniqueness of its entrepreneurial...
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...What Social Impact Do I Expect from My Career? No matter where we turn, our daily lives are immersed in business and capitalism. We each see and feel the impacts of business decisions made by both large corporate leaders and small business owners. During the past ten years, some companies led the precedent for ethical leadership while others have created dishonorable reputations. Both cases are widely felt by consumers nationwide. Business leadership goes far beyond a company’s product or service. It directly affects their employees, the environment, the community, and in some cases, the globe. The key to success or ultimate failure comes down to a leader’s values, such as hard work, innovation, creativity, determination, ethical behavior and the need to give back. Often times, fallen leader forget this. I’ve shown these qualities so far and want to position myself to do things the right way. At the conclusion of my career, I would expect to have created a reputation as a noble, honest, and ethical leader. As I expect to possess a dedicated profession in healthcare as a consultant and/or facility CEO, I want to leave knowing that the facilities I directly affected return to the healthcare commitment this country once strived for. As I’ve worked with facilities and physicians, I’m noticing that facilities care more about churning in and out patients to wreak the financial benefits but in turn, patient care is alarmingly lacking. My purpose throughout my career is to reverse...
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...“Do you think that the lifestyle of the inhabitants of your town or city reflects behavior that is in line with the concept of sustainable development? In your opinion, what should be improved?” Emiliano Luzzi, iMBA applicant – April 2013 intake What is sustainable development? Sustainable Development means learning to achieve more with less in order to develop a city or state in a way that is: Efficient: an efficient city or State would use fewer resources and create less waste Clean: an efficient city or State would develop without polluting Green: a green city or State could enhance greenery, waterways and natural heritage This way, we can ensure both economic growth and a good living environment for ourselves and for generations to come 2 And... What is sustainable development in Rome? The word “sustainable” is often over used and it is not without irony that it can be applied to Rome, Italy. Considering modern Rome in line with sustainable development would be paradoxical. Even if Rome does not want to emulate Tokyo or Vancouver, it has centuries of accumulated experiences, materials, traces, and memories to share, so it would be a mistake to start from scratch and replace Rome with a sanitized “green city”. However, to make Rome more “sustainable” Romans should start thinking in “sustainable” ways 3 There’s a lot of work to do in Rome... If “sustainability” means providing the needs of the present without compromising the patrimony...
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...All through my undergraduate study, I had dreamt of working in an oil company where global exposure, offshore training, extensive network, exposure and fantastic pay would be mine. Unfortunately, a lull in the industry at the time of my graduation made it difficult to get a placement at any of such organisations and hence, I failed to actualize my dream! Despite this disappointment, I took up a position at an accounting firm and made the required career change from Petroleum Engineering to Accounting and Professional Services. Since joining a Big 4 in Nigeria, I have become a chartered accountant and have obtained certifications in Risk Management. Having done so well in that time, I have come to realise that my ultimate goal is now to become a Partner in the Firm, thereby becoming a part owner of one of the most successful businesses in Nigeria. The professional services industry in Nigeria is one of the most competitive and exciting industries, with constant changing dynamics. The big 4 firm, being an organization operating in that industry, is easily affected by local and international regulations and requires appropriate leadership, particularly new entrants who will bring in value, innovation and up to date techniques that will aid in transforming and ensuring that the entity remain relevant in the ever changing environment. My passion therefore is not only to join the elite membership of Partners, but to ensure that in the role, I stand out as the new entrant who is very...
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...inaugurate an African Business Club. Though Africa has for a long time been misunderstood and referred to as the Dark Continent, today’s Africa is rising from the ashes of the past as the continent has not only become a major investment destination but is also embracing democracy and improving its infrastructure and ease of doing business. Despite the progress witnessed in the last few years, the continent is still in dire need of well rounded professionals that seek sustainable paths to development and also organisations that can showcase it to the world. My goal is to collaborate with current students and African Alumni, to inaugurate a club that will help increase awareness of business opportunities in Africa, deepen African content in the MBA curriculum, provide a platform to link Vanderbilt Owen students with top African careers and help Vanderbilt Owen improve its visibility & brand in Africa. This will ultimately increase the level of admission applications and recruitment from Africa. To help achieve this goal, the proposed African Business Club will hold an annual African Business Summit aimed at bringing together students and professionals under one roof to discuss new developments on the African continent. These conferences will discuss African trade, business regulatory framework, major economic sectors, emerging economic sectors, case studies from diverse sectors and business entry on the continent. The African Business Club will leverage the overall Vanderbilt sterling...
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...Email etiquette is the proper and acceptable behaviour expected from an email sender. It is primarily concerned with matters of courtesy in email communications. When you use the right email etiquette it shows professionalism and efficiency. When you use the wrong email etiquette it gives a bad impression to the recipient and its shows a lack of care and respect. Email etiquette is important because our correspondence says a lot about us and it gives an instant impression to the person receiving the mail. There are certain things that are acceptable when writing to another party and certain things that are simply not. Another reason why it is important is because I want to make sure I come across as respectful, friendly, and approachable. I don't want to sound curt or demanding, back to impressions, I don’t want to give the wrong ones from the wording of our email. In the book Email Etiquette it is stated that there are 8 ways to write great email which are; 1. Clearly identify the subject matter of the email 2. Be as concise as possible 3. Check your spelling and punctuation 4. Use an appropriate style 5. Request the action or information you need. 6. Explain how urgent your message is. 7. Use attachments to provide detail 8. Include further contact details If you follow the 8 above steps you’re on your way to writing an effective email which will be clear, professional and get your desired message across to the recipient. When you use the proper...
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...A “Calibrated Approach”: Pharmaceutical FDI and the Evolution of Indian Patent Law Web version: August 2007 Authors: Katherine Connor Linton and Nicholas Corrado1 Abstract India has charted its own intellectual property (IP) path over the last 35 years, attempting to foster the growth of a domestic pharmaceutical industry and access to medicine while, more recently, also addressing the requirements of the international IP regime. Multinational companies (MNCs) have responded to India’s movement towards compliance with the W TO intellectual property agreement, TRIPS, by increasing the quantity and quality of foreign direct investment (FDI) in the areas of pharmaceutical research and development (R&D) and manufacturing. By contrast, MNCs have adopted a more cautious attitude toward the patenting and commercialization of new pharmaceutical products in India, waiting to see how Indian courts and patent offices interpret the new laws, and awaiting the enactment of longdebated data protection legislation. The ultimate success of the Indian “calibrated approach” to fostering the domestic industry and access to medicine while also addressing international IP requirements remains to be seen. 1 Katherine Connor Linton (katherine.linton@usitc.gov) is the International Trade Analyst for Intellectual Property and Nicholas Corrado was a law student intern in the Office of Industries of the U.S. International Trade Commission (USITC). The views expressed are those of Ms. Linton and...
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...a Stern MBA necessary at this point in your life? FUTURE: What is your desired position upon graduation from the Stern School? I like options, I like security, and I like power. With these wants, I knew at a very early age that I would enter business and thus I attended a college that specializes in the subject. In my first position out of school, I was hired by Dunhill Equities as a cold-caller. After several weeks of being hung up on by angry prospects, I decided that this career path would not lead me to success. I then moved within the firm to a position as sales assistant. While this was by no means my dream job, I learned a tremendous amount about business, and I gained useful exposure to the world of finance. Unfortunately, the company hit a period of instability, and after ten months I transferred with my boss to Coleman & Company. Thirteen months later, that company also began to fail, and I began to search for another path to advancement. With two strikes against me, I hit a home run and was hired by Sanford Bernstein into a challenging job with limitless opportunity for growth. After almost three years at Bernstein, I am once again seeking career advancement. My education and work experience have provided me with an excellent introduction to business, and they have sparked my interest in finance. Taking into consideration my foundation and my interests, graduate business school is the next logical step. At this point in my life, I consider a Stern MBA to be necessary...
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...1.1 Introduction 1.1.1 Origin of integrated reporting Over the years companies owed it to shareholders to annually give reports that are a medium of accountability to shareholders. The business success prospects of companies relied on annual reporting that has been biased towards the financials aspects of the company’s activities such as financial position, financial performance and the flow of cash in and out of the company. The modern investor has expanded focus beyond the financial return on investments in companies and became more concerned with the sustainability in the performance of companies as Abeysekera (2013) puts it. This development has effectively challenged the outlook of the reports that has been based on the Annual Financial Statements and evolved into King III (2009) which recommended for the introduction of integrated reporting as the new reporting approach towards addressing the expectations of investors. The King III Code of reporting emerged was incepted in response to the promulgation of the Companies Act of 2008 and designed to be usable by all entities. The Annual Financial Reports on financial performance, sustainability and governance disclosures often fell short to draw the relationship between the organisation’s corporate strategy, financial performance and the performance on the environmental aspects, IRCSA (2011). In addition to this is the fact that financial information is not sufficient for an organisation or investor to make informed decision...
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...Prompt: Describe how your experiences, both professional and personal, have led to your decision to pursue an MBA at the Wharton school this year. How does this decision relate to your career goals for the future? Throughout my life I have observed two distinct career paths, my father’s and my uncle’s. My father completed his engineering degree and secured a government job in India, which he continues to hold to this day. My uncle’s path began similarly; like my father, he earned an engineering degree. My uncle, on the other hand, continued his education by moving to the United States to earn an MBA, then started his own venture and became a successful businessman in Los Angeles. Evaluating their experiences helped me understand what I wanted from my life and create a ‘master plan’ for my career. While I appreciate the excitement, flexibility, and independence my uncle has in his life, I value my father’s proximity to his family and culture. I now realize that a career as an entrepreneur in India could provide me with the “best of both worlds.” With the objective of learning about business, I completed my bachelor’s degree in Commerce and joined KPMG in the Audit & Business Advisory Department. I believed that a career with an accounting firm would serve me in two ways: first, by enhancing my knowledge of accounting -- the language of business -- and second, by providing me with an excellent introduction to the business world. My decision seemed to be a sound one; in my first...
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