I changed my mind about my MBA school

There was pin-drop silence for a moment and then everybody was on their feet, clapping and cheering. He had delivered his last one! The claps did not stop until he himself stood on the chair and thanked his audience for their support. More claps followed. I said to myself, “How humble! Appreciating others for his hard work!”

It wasn’t a normal performance though. It wasn’t delivered by an actor from one of Berlin’s many theaters. Rather it was our last class for Managerial Analysis and Decision Making (MAD) with Professor Francis. He was no less of an artist. He showed the same conviction in the class as artists showcase in their performances. He practiced what he taught, too. He even shared an instance from his personal life where he applied what he was teaching. Above all, he was all about the fun of learning. Never did I imagine that this so-called intense MBA would bring so much joy to me!

What made the experience special was that this was one of the early classes of the MBA 2018 program. It made it evident that what was going to follow would be good. And that did happen. Generally, all of the classes I have had until now have been good learning opportunities. I had never imagined that a quantitative methods class could be taught simply and without involving a lot of numbers. And I dare not miss the unique, elementary-school-like experience of learning financial accounting.

I must elaborate on this! Having just two accountants as students and another 3 to 4 students with similar work experience out of a diverse class of 67, the professor had to teach accounting basics. How did he do it? He got us handouts for every topic and went through each of them like one would do in a school! Today, if you give me any financial statement I can explain it with ease.  If anyone would have asked me to do so a month ago, all I would have said is “Are you kidding?” Maybe all the B-schools have this pattern or maybe not—who can tell. All I can say is that, as a student, I can vouch for ESMT.

Another standing ovation to the professor, Financial Accounting class, MBA 2018

With such an intense curriculum, there have been several occasions when I was not prepared for the class or was not very interested. But I never missed a class. I was always sure I would learn something new or have some new experience every day. Did I mention that we toasted to our successful completion of marketing classes and the beginning of spring break with some Irish whiskey, courtesy of our Irish professor?

Marketing Management class, MBA 2018

It is not just about learning but about celebrating this year. Three months have already gone by. I hope that the rest of the year passes by slowly because I want to enjoy every moment of this adventure to the fullest.

Prof. Francis said in one of the classes, “Deciding is to give yourself a true chance to change your mind.” Yes, I did change my mind last year and decided to come to ESMT Berlin. Do I need to say it was one of the best decisions I ever made?

From PowerPoint to Prize Winning (How I Won a Morpheus Prize!)

Since 2015, students attending European universities and graduate schools are invited to compete for prizes as individuals and teams in an innovation lab sponsored by some of the world’s top brands. For the students, this Morpheus Cup and Morpheus Prize event provides an opportunity to present innovative ideas to potential industry employers and investors; for employers and investors, the event is insight into the talent and ideas developing on European campuses.

Below, ESMT MBA student Zenko Kawabata writes about competing for (and winning!) at this year’s event.

 

Zenko KawabataI came to know about the Morpheus Cup and the Morpheus Prize from one of the ESMT MBA office’s Friday emails in January. It was the most hectic month for me, so it was not my intention to do any extracurricular activities like this. However, as I checked the details of the competition, I found out that all you need to enter the competition for the Morpheus Prize is to make and submit a 10-slide presentation.

There were indeed many different and interesting topics to choose from. I especially liked the format—sending only a 10-slide presentation—and how they stated that it should be “an entertaining presentation.” I find that 10 slides are the right length to convey any idea, and I also agree that presentations should be entertaining.

So alongside my crazy school workload I started looking into each topic and brainstorming. After a couple of weeks, I came up with one idea: to find an innovative way of utilizing waste heat from data centers. The idea struck me as very good, and the more I thought about it, the more convinced I became. Continue reading “From PowerPoint to Prize Winning (How I Won a Morpheus Prize!)”

Management adaptability and flexibility are key in globalized business

In the past 10 years the world has faced many dramatic changes—from a new economic and financial scenario after the 2008 subprime crisis to a new geo-political setting marked by Brexit and the proliferation of populism in the western world. Many companies and governments continue to struggle with the effects. Nowadays, adaptability has become one of the key factors that determine whether managers succeed or fail, whether companies grow or stagnate, and whether politicians stay relevant or face irrelevance.

In management, adaptability is a critical skill. As a matter of fact, a recent report states that “91% of HR directors think that by 2018 people will be recruited on their ability to deal with change and uncertainty” (2014, The Flux Report by Right Management). In my case, the ability to remain adaptable has helped me beyond any expectations.

In 2015, before moving to Germany from Chile, I co-founded Tree Digital, a digital marketing consulting company, which I managed remotely during my MBA studies at ESMT Berlin in 2016. This year, after the MBA, I made the decision to keep managing the company from Berlin. I saw an opportunity to expand our operations to Germany and the advantage of being in the most important startup hub in Europe. However, I experienced hard resistance from colleagues, family, and from my team. Many thought that this was not a wise decision, stating that it is almost impossible to manage a company remotely and that physical presence is one of the keys to success.

Adapting to the vessel

I have found out that remaining flexible and adaptable has allowed me to make faster decisions, to see a clearer picture, and to respond to my business needs much quicker. Also, I have learned that emotional intelligence is a vital competency when communicating change to any team.

To achieve growth with Tree Digital, I have been promoting an inner culture that embraces change to make us move quickly. We have designed a light organization with fewer hierarchies, yielding more freedom to design, think, and propose new ideas. This has been the secret sauce to keep high levels of motivation, productivity, and growth.

The eight key lessons that I have learned during this experience are:

  1. A flexible manager must be willing to move out of his/her comfort zone.
  2. There is no such thing as “doing things by the book.”
  3. Allow yourself to learn continuously as a vehicle to constant adaptation.
  4. See opportunities where others see failure.
  5. Ask yourself: “What would someone else do in my position?”
  6. Sometimes it is good to do things in a different way.
  7. Focus on the core strategy; do not get distracted by the details.
  8. Embrace change and make it part of your culture.

Even though the future is not written, I know that the only certainty is change. Therefore, I know that staying adaptable will always be the best approach when facing the future.

About the author

Enrique Planas is the Chief Motivator Officer at Tree Digital, an entrepreneur, and an enthusiastic amateur chef. Write to him at enrique@treedigital.cl or +49 176 35747757

A Panda in Myanmar

One of the reasons that made me choose the full-time MBA at ESMT is the international exposure options that the program offers. As part of the curriculum, I had the chance to go to Seoul and Tokyo for the International Field Seminar and to IE Business School in Madrid for the one-week exchange within the Global Network for Advanced Management. And upon graduation, combining my passion for travelling with my desire of making a positive impact, I enrolled in the ESMT Responsible Leaders Fellowship and joined the panda family at WWF in Myanmar.

Myanmar (formerly known as Burma) is a country in South East Asia bordered by Bangladesh, India, China, Laos and Thailand. After its independence from the British empire in 1948, Myanmar was flourishing and one of the richest nations in South East Asia. However, five decades of military dictatorship following the coup d’état in 1962 isolated the country and left it in poor shape. Continue reading “A Panda in Myanmar”

“Building a business isn’t a sprint, it’s a marathon.”

The work of an entrepreneur is never done. Since I started selling awesome paper wallets as BERLIN slim, I’ve realized that what I really signed up for is a never-ending list of tasks. Everything needs to get done yesterday.

After a brief honeymoon period, it dawned on me that if I didn’t start making money soon, I wasn’t going to make it. The pressure Beautiful slim paper wallets from BERLIN slimslowly began to mount. I found myself working longer and longer hours, in a vain effort to finish one more thing.

It sounds a lot worse than it is though. Honestly, I love it!

I want to share some of my observations on starting a business. I went in with a few misconceptions and my own personal blind spots. I hope to spare you from some of the problems I’ve had.

It’s not all doom and gloom though. I’m also going to explain some of the reasons why I think it’s a great adventure and why you might also want to inflict yourself with the same pain. Continue reading ““Building a business isn’t a sprint, it’s a marathon.””