Professional Documents
Culture Documents
ANYBODY
NEED A JOB?
Wharton: club-mania
Pekka Hietala, the dean of MBA at INSEAD, is no longer the most favorite subject for mockery at the graduation Cabaret, a schoolwide variety show done by students. For instance, at the last September Promotion Cabaret in June, Mary Boss, director of Career Management Service (CMS) of INSEAD, was mimicked twice by different students, while in the previous year, the Cabaret almost reached its climax as a huge but beautiful donkey named Pekka appeared on stage. Great MBAs think alike. According to Gwillem Mosedale, a
40% 30% 20% 10% 0% INSEAD LBS Wharton 34% 20-25% 23%
Sources: CMS for INSEAD, the Wall Street Journal for LBS and school website for Wharton. Wharton figure excludes students not conducting a job search.
to the Alliance. Anyway, although the students didnt mean to be rude, the role
INSEADERS,
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PROFILE: PATRICK TU R N E R
BY AKSEL AND PILAR
Read on: the professor teaching you everything about how to be a successful entrepreneur in todays uncertain times has been up, down and around and is here to tell us what we can learn from his rich experience. His passion is contagious and unlike many of his peers, the guy once sat where you do now. Patrick completed his MBA at INSEAD in the late seventies and has since started companies, written a book about Elgars Enigma Variations and is now on the quest for the legend of the Holy Grail. long time to figure out that these guys were earning far more than I was. Gradually I started to develop this feeling of being intensely fed up, not so much with the job, but with the UK. It was clear to me that if I wanted to change anything, I had to get out of the British circuit and into a more international one. That ruled out the UK business schools so I confided to a senior manager I trusted at ICI about my plans and he agreed that what I was doing made sense as long as I did it at either Harvard or INSEAD. INSEAD was attractive because (a) it was outside the UK and (b) it was a 10-month course. I had actually heard of the place before as one of my mates at university, Lindsay Owen-Jones (now CEO of LOral) left Oxford directly to go to INSEAD. Back then Lindsay explained to me that in order to go to INSEAD you needed to speak English, French and German and I didnt have German. But some years later, while I was in the middle of being fed up with the UK and my salary, one rainy Sunday, I came across an ad buried in a part of the Sunday Times that had it not been raining I would have never read, that said that the INSEAD language requirements were now English, French and either German or Spanish, and I did have Spanish. So it was on. Actually, I wasnt sure just how much I was going to learn as there was a certain scorn towards business schools in the UK in those days. However when I arrived here it took me about three days to realize that this was going to be something special. CITIZEN: What do you think are the differences between being a student now and back then? Patrick: One of the main differences is that back then there was only one promotion, so there was no transfer of tribal knowledge from one promotion to the next one in the way you guys know it today. The buildings were substantially smaller, the area where Pascale sits, Amphis A, B, C, D and E and the North Wing all existed, but where the stairs are to go to the
We settle in his sunny office and he pulls out the INSEAD CITIZEN version of 1977, called Playboss, and as we skim through it, he comments on the differences between being an INSEAD student now and then. CITIZEN: Why did you want to do an MBA and why at INSEAD? Patrick: Similar to many of you, I wanted a career change. In my particular case, after completing my Spanish and French studies at Oxford University, I got a great job as an export manager for ICIs South American operations. This meant that three to four times a year I would be put on a plane to places like Rio, Buenos Aires and Santiago, which was great. On the circuit I would meet people from Hoechst, Rhone Poulenc and other major chemical companies and it didnt take
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INSEADS
SAD HABIT
Then of course there is the devil drink. INSEAD is famous for its energetic and fun loving participants who are quite skilled in the art of organizing parties. The demographics usually mean that the party takes place somewhere at least a 10 20 minute drive from most participants houses. The culture at INSEAD has always been to drive to these parties. This, together with the fact that there is free flow at many of them, makes for a lethal cocktail (excuse the pun) on the twisty and winding journey home. Many INSEADers (and a confident breed we are) convince both themselves and their friends that they are fine, that they are perfect to drive, which, of course, on many an occasion, could not be further from the truth. Nobody has seen the tragedy closer than Sylvie Normand from the MBA Office. She has been very close to the families of the accident victims over the past couple of years. Sylvie, a mother of four, describes: I love meeting participants parents but please dont ask me to meet them in the hospital lobby! Sylvie sees drink driving as being a huge issue at INSEAD. But she is not only worried about the drivers but also the passengers. She pleas with anyone accepting a lift home from a party If you have already had too much to drink yourself it can be very difficult to know if the driver taking you home is capable of driving safely. She urges all participants to be very careful and, if there is any doubt at all, to stay put rather than take a chance. One initiative picking up momentum is the Be Smart Drive Safe campaign presently being organized by a group of participants at INSEAD. The aim of the campaign is essentially to both create awareness about the issue and then to follow up with subsequent action. So far, the group has solicited the services of a professional design company to draft three posters. One of these - Be Smart Drive Safe card (see page 7) - has been included in all of the welcome packs prepared by the MBA office for this years September promotion. The second poster is being (Continued on page 7)
ANYBODY
NEED A JOB
Actually, the former Wharton career director encountered acute discontent before his recent resignation, as described by one Wharton student. The new director, Peter Degnan, a former senior investment banker (in his telephone interview with Citizen) felt the job was very challenging while offering great opportunities. It is believed that Peters finance industry background is highly compatible with Whartons strength in Finance. As Peter put it: I speak the same language (as the recruiters), and he is quite determined to assist students in finding any possible ideal job. Noteworthy, the new vice dean was partly approved by the students as well. Wharton students selected representatives in the search committee for the new career director, ensuring that their views were the number one priority of the career service center. This move reflects the spirit of student autonomy, which is typical of Wharton. With a promotion size
of nearly 800 students each year, the school has 1600 plus students to take care of in terms of placement. Thus, the career management office is keen to take advantage of the resources of students themselves. Every firstyear MBA student at Wharton is assigned a mentor during the term. Career-related consultations such as CV writing and mock interviews are all done with the help of the second-years. Whats more, the numerous clubs provide specialized help for people of same career interests. If all else fails, at least organizing such clubs is a good way to execute (or practice) leadership to decorate ones CV! According to the descriptions of Wharton students, it seems that the school is totally psyched up, as every activity on campus has a psychologically-challenged name mania. There is Resumania, during which the second-years give one-to-one feedback to firstyears. Other manias include Consulting Mania, Marketing
By Sylvain Guyoton
students to abide by a code of business ethics? How should we integrate the alumni? How do we enforce the code? What form should it have? Would it bear legal responsibilities? These are some of the complex issues that need to be addressed in the implementation process. But there is one thing that you should keep in mind. The implementations of professional code of ethics like the ones in medicine or CFA have not been created overnight. They are the result of an evolutionary process. For instance, in the United States, the first code of medical ethics appeared in 1847. This major breakthrough was the result of a series of efforts that had started back in 1808 with the Boston Medical police, the first institution in the US to define their own code of medical ethics. The traditional world is crumbling. In a global world, future MBA graduates carry increasing Power. Should it be time for us to set the foundations towards greater Responsibility?
schools. If properly communicated, this initiative could send a powerful message to our recruiters, to the INSEAD community and to the outside world. If properly sustained, it could be the example that leads other business school students to adopt their own code of business ethics. Ultimately, INSEAD could be recognized as having initiated a major transformation process. Other professions have implemented their own codes of ethics. Physicians developed, on the basis of the oath of Hippocrates, their code of deontology in the 19th century. Chartered Financial Analysts (CFA) too have their own code of ethics. A code of business ethics would not totally abolish misconducts, but it will be a guiding force towards more professionalism, integrity and social responsibility. Now arises the question of feasibility - can such a multi-cultural group as the INSEAD student community find common grounds? Can we oblige future
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Ms. OB
INSEADS S A AG GO ON NY YA AU UN NT T A AN N -SWERS SWERS A AL LL L YOUR YOUR B BU UR RN NIIN NG G Q QU UE ES ST TIIO ON NS S
Dear Ms. OB - Ever since the first day at INSEAD I have developed a huge crush for Dean Pekka. At night I cant sleep. In class I fantasize about running my hands through his straw-blond hair. When I spot him on campus I fluster and feel like fainting. But until now I have not found the courage to approach him. How can I ever get to pekk him up? Yours, Pekka -passion Dear Pekka-passion - Have you considered failing all your courses so that you can get to meet him personally? When you get to the meeting impress him with your knowledge of Finnish culture. Just a thought
Citizen: So that they can get their proper credit, who were the INSEAD MBAs who worked with you Ms. OB this summer? Martin: Nicolas Floquet, Hernan Rein, Rasha Al-Saleh, Jonathan Hutchings, Michelle Lim, a partner, Debora Rolino Novaes and one PhD, Olivier Chatain. Indevor, through Nicole Vanderbilt and Sharath Jeevan helped us in organizing the week. And finally, Nick Barneville, from the marketing department provided us with an office and his support! Citizen: One last question. How can interested students and alumni help out? Martin: Well, were still getting organized, but anyone looking for more information can contact me by email at martin.gentil@alumni.insead.edu. However, we will certainly present the result of our work during an advertised event before leaving INSEAD.
Dear Ms. OB - When I decided to join INSEAD it was not just for my career: I had been assured that after a year here, my single-hood would end and that on top of the MBA I would surely earn also an MRS. After meeting all of the eligible guys in my promotion though, I have discovered that the decent ones are hooked up with the likes of wives, fiances, girlfriends and other partners. The reasons why the rest of men are still single and should probably remain like that, are fairly obvious, especially if they used to work at IT consulting. What should I do to get a good husband steal one of the reserved hubbies or settle for the leftovers? Yours, girl -aboutabout-campus Dear girl-about-campus - You must either be damn ugly or simply too blind to see the forest through the trees. Every female with minimal attractive features will be able to pick up a decent husband at bschool! Girl, did Bill Gates look cool when he went to Harvard? Come on, put your best frock on and pull up to the shy software designer next time you are both at Freddys and free the Fortune-500-CEO inside of him! And hands off the taken guys, you cannot be that desperate. Yours, Ms. OB (Continued on page 9)
SPONSOR
AN ISSUE O F T H E CITIZEN
The INSEAD Citizen reaches a highly attractive audience of 900 students, 11,000 alumni and a significant number of visiting executives. For more information, contact Avi Turetsky at abraham.turetsky@alumni.insead.edu or +33.6.84.97.38.97.
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IN S EARCH
OF
BY
A KSEL
We all know the story of the Holy Grail; The cup used during the last supper which is rumoured to have the ability to provide eternal life. Like all living organisms, INSEAD is also looking for its Holy Grail to provide itself eternal life. However, there seem to be some differing opinions, which is very common in the quests for the Holy Grail, of what INSEADs Holy Grail is. According to the MBA students, and personally I kind of favour this point of view, it is the MBA students. According to the INSEAD administration it is the executive program and the recruiters. For an illustration of the ongoing discussions between the students and the administration please refer to the fairy tail of the cloggie student taken up in the box, that I found in my pigeon hole one day. Hereby I want to extend my gratitude towards this unknown student for really understanding what the Citizen is about. Below we have collected some statements to start a discussion between the administration and the students in order to find a common ground in the pursuit of INSEADs Holy Grail. We have also taken up some possible reactions to these statements. Statement 1: The new rules laid down by the administration about hanging posters in the school are a good thing. Reaction: The administration seems to have forgotten that the executives enjoy being in a student surrounding again and all that comes with it, therefore a banning of posters in school actually diminish the INSEAD experience of the executives. Statement 2: The administration acts very sensibly if it cancels social/national activities, even if it would be one of historic importance for INSEAD such as an former president of a country coming to lecture, because recruiters are on-campus. Reaction: The administration seems to have forgotten that INSEAD students are highly intelligent and responsible people who are capable of making decisions whether or not to go to a recruiter or a national event, as they know best what is in their self interest. The above are just some possible statements and reactions, but, as we want to have a constructive and objective discussion, we encourage everybody, both students and the administration, to provide us with their views about the interactions between the MBA students and the administration. Please send any comments to INSEAD-CITIZEN.Fb@insead.edu
FAIRYTALE ...
Once upon a time there was a cloggie who came to INSEAD with dreams about being emerged in an international pool of diversity. As he did not want to be a free rider he decided to actively contribute to this pool by taking part in the organizing committee of the cloggie national week. As part of the activities of the cloggie week he came up with a brilliant idea, so he thought, to reenact the worldwide known cloggie TV format of Big Brother. Although Big Brother had some negative publicity in certain countries, the overall view was that it was an interesting psychological experience to see how human beings react under closed surveillance. Furthermore, the negative publicity generated, came from the level of the participants, so the student was confident that given the high level of INSEAD students population this would really turn-out to be an interesting experiment. Knowing that the INSEAD administration has strict rules about on-campus activities he prepared himself for the Hercules task of obtaining approval for the event. He got out his sleeping bag and set up shop in front of the administrations office in search for the 8 autographs needed. After 48 hours of high- speed car chases, stalking and life threatening climbs through the windows of the MBA office he finally got all the autographs. As anybody can imagine our young hero had a field day. Gleaming with pride he went to his fellow cloggies to tell them they could start working on Big Brother. With the energy and enthusiasm the cloggies are known for, a team of seven started working on the project day and night as time was running short. Through their tremendous effort, and as it is supposed to go in fairytales, they were able to get everything in place. Satisfied the cloggies got into their large beds and start dreaming sweet dreams about cheese and tulips like cloggies do. While the cloggies were asleep something was stirring in the forest of Fontainebleau. We can see a shadow coming out of the forest. It looks like a woman with a very big nose. As this woman has just one goal in life, that is to make other peoples life miserable, and is very myopic in the sense that she can
see no farther than the Fontainebleau forest, she decided to pay a visit to the people of the INSEAD administration while they were asleep. As this evil woman had magical power, she made the people of the administration have nightmares about the upcoming event. In these nightmares the good reputation of INSEAD was ruined by articles in Le Monde as a result of the Big Brother event. So the next day when the cloggies woke up in their best mood they were summoned in the office of the Viking and he told them that
although they put a lot of time and effort into the Big Brother event, it could not take place. The cloggies were of course flabbergasted and could not believe what they heard. They started to shout and plead and even offered the Viking a pair of clogs, but the Viking only repeated his words with an even icier voice. Nothing else remained for the cloggies than retreat and cancel the whole event. This is indeed the only fairytale in history with a bad ending.
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TO THE STUDENTS, FACULTY, AND STAFF OF INSEAD: I am the mother of Jeremy Palley, who was in the MBA January 2002 promotion. Jeremy was killed in a car crash on May 18, 2002 at 7:00 a.m. on route D148 in foret domainale. He lived in Villecerf. This passage is written by the American author Mark Twain. He had just been told that his beloved daughter, Suzy had suddenly died. "It is one of the mysteries of our nature that a man, all unprepared, can receive a thunder-stroke like that and live. There is but one reasonable explanation of it. The intellect is stunned by the shock and but gropingly gathers the meaning of the words. The power to realize their full impact is mercifully wanting. The mind has a dumb sense of vast loss - that is all. It will take mind and memory months and possibly years to gather together the details an d thus learn and know the whole extent of the loss. A man's house burns down. The smoking wreckage represents only a ruined home that was dear through years of use and pleasant associations. By and by, as the days and weeks go on, first he misses this, then that, then the other thing. And when he casts about for it he finds that it was in that house. Always it is an essential - there was but one of its kind. It cannot be replaced." Mark Twain Jeremy was my only child and I will always love him dearly. I want you all to live a long and happy life. Love each other and know how precious you are to your family and friends. Iris Palley
If anyone would like to volunteer to help the Be Smart Drive Safe campaign or knows of any company who would be interested in sponsoring their noble efforts please contact Mark Green or Marjette Wiechers at: Mark.Green@alumni.insead.edu (+33 6 21 03 56 59) Marjette.Wiechers@alumni.insead.edu (+33 6 16 33 08 82)
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A N Y B O D Y N E E D A J O B?
Europe and to help INSEAD students end up in North America. As if a footnote to his point, Vinh Tuan himself is now staying at INSEAD to apply for jobs in Europe. This sounds perfect. Sara Foryt, the INSEAD exchange student at Wharton, felt that all of the career stuff that matters is pretty much off-limits to us. We cant access the Wharton alumni database, cant use CareerTrak, their version of Future system, which means we cant interview with companies. In answering questions on this matter, the Wharton career management office told Citizen that, (INSEAD students) have all the access to our resources. Sara did highlight, however, that the (Wharton) administration has been extremely helpful and from the emails Citizen has received, it seems that all the INSEAD students are happy with their stay there, so far.
is what you offer when you dont have enough faculty to offer a decent two-year program. This might not be music for the now 12,000 strong INSEAD MBAs, but in terms of the out-of-school-thenout-of-work proportion of this year, clearly there is no evidence which one of the two schools is winning the competition. As quoted by the Wall Street Journal, at INSEAD, early indications (incomplete) are that 15- 30% of 2002 graduates might leave without an offer. The percentage for LBS is roughly 20- 25%. Not surprisingly, the career service director at LBS also resigned early this year. Market downturn is like a double-bladed sword for business schools. While the admission officer merrily harvests from a larger pool of talent, the career managers are busy selling more of their graduates. An LBS student, who declined to be named, said jokingly that career managers of business schools should go to study crisis management. This shares audience within INSEAD. There are students from both schools who believe that career services should hire MBA graduates into their ranks, who would better understand what kinds of information the students need. At INSEAD, an Argentine student showed concern for the poor quality of company information. We have to rely on the Internet, another student added, there should be some corporate intelligence service at INSEAD after all these years, we dont need the company brochures in the library.
Well, INSEAD might not have the club manias, and the CMS system here is also different. While Sara concluded that more life (in Wharton) seems to revolve around the job-clubs, INSEAD life seems to hustle and bustle around the bar area. Although at INSEAD, there are not as many clubs, or not as much DIY work with other students as at Wharton, still every year students delve into some new efforts, such as the popular Global Leadership Series that was inaugurated only last year. If the spirit of INSEAD is not that of the club-mania in Wharton, it is not, as some people joke, that of clubbing-mania LBS has countered the market either. downturn with multiple strategies. Citizen got the impression that this school is seriously taking measThe ambitious London Business School ures to realize its ambitions. This has taken substantial steps to curb the students anxiety about employability (or year it hired Laura Tyson from career prospect in a less maniac way). Berkeley to launch a fund-raising This includes comprehensive marketing campaign, while on the other efforts, help for working permit and hand, the management of the course adjustment. Facing the challenge school has responsively evolved of market hardship, this English school according to market trends. For surely has a stiff upper lip, a legendary compliment for the English composure of instance, it has re-arranged its defying tough situations. core courses. Corporate Finance and Strategy started being taught in the first term before interviews LBS: stiffer upper lip for summer jobs this year, said LBS Career Management Center John Quelch, ex-dean of LBS, the (CMC) director, Chris Bristow, in sort of self-defined archy-rival of his email to Citizen. INSEAD in Europe, now a director Similar to INSEAD, LBS also has at HBS, once told the Wall Street been tapping into its alumni netJournal one year (MBA) program
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.. PATRICK TURNER
CO ON NT T D D F FR RO OM M P PA AG GE E 2
and Music in London. I ended up choosing Oxford since there was a career to think about, although I sometimes wonder what would have happened if I had taken the other option. If I do one day make my millions (there is still hope) I would like to hire the London Symphony Orchestra for a day in one of the London concert halls. I would not care if there is anybody listening, just to make music for a day would be great. If Edward Heath got to do it, why not me! Actually I did get to conduct an orchestra once, at the Munich Beer Festival a few years ago! This was during a trip with MBA students from my promo. cia, and as far as I am aware there are not many people that do know that in Valencia cathedral there is a chalice that is claimed to be the original Holy Grail. So I got curious and the more I looked into it so I saw possible connections between that artefact and the French Grail Romances. The chalice itself is made of three pieces: the base and the stem seem to date back to medieval times which is when the romances were written, and the actual cup has been dated back to between 100 B.C. and 100 A.D., so the top bit could actually have been used at the Last Supper, that is assuming that the Last Supper actually took place, which is a different story. So I have suggested a few possibilities about how it could have hapCITIZEN: Do you play any instru- pened. The book is about 75% ments yourself? written, although I have not been Patrick: I fool around with the able to work on it lately. Its fascipiano, if I can find pianos to fool nating! around with. It was a life choice back when I was in school. I was studying for university entrance, CITIZEN: What other interests do you have? plus playing rugby and rowing with the first team, plus learning Patrick: Classical music in general. music. But there was no way to I am getting into new composers, keep on pursuing these three like the Czech composer Martinu activities at the level I really and the French composer Poulenc. wanted to, so the reasoning was I like going to a concert occasionthat I could pick up the piano ally and listening to CDs. Very fond later, and so I gave it up in faof French and Spanish food and vour of the sports. But, life bewine. Sports more on the sideing what it is, I have never lines, although I am interested in picked up piano again. Howfollowing the Spanish football liga. ever, purely anecdotally, In Spain I support FC Barcelona, through the rowing I ended up although I have a 14-year old son representing Wales at one inter- who insists in supporting Real national rowing event. Madrid, despite the fact that he is surrounded by six million Catalans. I like exploring. I am looking CITIZEN: We heard that you are forward to visiting the Angkor temworking on a book about the ples soon. But also local places. Holy Grail tell us more about For example, I have spent some it please. very happy Sunday afternoons Patrick: Im tremendously inter- visiting the area around Meaux not ested in medieval history. When far from here exploring the villages I studied French at university I and places that were witness to learned about the legends of the First World War Battle of the the Holy Grail. When I moved to Marne. Spain I discovered that in the cathedral of Valencia there is CITIZEN: You left Britain 25 years this thing called the Holy Grail ago, is there anything you miss that sits in what they call the from Britain? Holy Grail Chapel. When you look at its history, you discover that it was actually used by the Pope to celebrate mass when he visited Spain some years ago. So you start thinking about why I didnt know that this thing was in the cathedral of ValenPatrick: The one thing I miss about Britain is that there is a thriving Elgar society with branches all over the country, which get together on a regular basis. They go to recitals or just meet to discuss Elgar. I miss that, the opportunity to talk with people that are just as enthusiastic about Elgar as me. For all the rest, not a lot really. CITIZEN: Changing topics, tell us a little bit more about your experiences with entrepreneurship please. Patrick: Back when I was a student at INSEAD nobody talked about entrepreneurship per se, it just wasnt a subject. Nobody thought about a being an entrepreneur in general terms. Except for my dear friend Mike Ullmann, who was one of the first people to offer entrepreneurship courses at INSEAD in the early 80s, the rest of us wanted to work at international companies or banks. After INSEAD I went to work for Levis, which was an incredible company in those days, it was growing very fast. Your budgets were out of date by March. I got sent to Spain as marketing director for the Iberian peninsula. Then I turned 40 and a few things happened: the companys management in Europe used to be staffed by Europeans and it changed to Americans. Then I was passed over for the job of head of the Spanish affiliate, for all good reasons though, since the guy that got the job was a Spaniard. But it started me thinking what I wanted to do in terms of career and where I was going. On a piece of paper I wrote down my options. One was to sit it out at Levis. Another was transfer horizontally to another company. The one I chose was neither of those two, it was to start my own thing. I launched a textile company in Spain. The experience was very humbling. I left Levis in December and in the first days of January I started my own company. The transformation from working in a big company with an office, secretaries and so on to an environment in which there was no company and you had to create it all, was enormous. It was cold and I remember that for the first three or four days my office space was a call centre in the Barcelona central railway station, because I was able to sit down, make various phone calls and it was warm. This was in 1986. It worked with delayed action. We proved quite nicely that sales actually take (Continued on next page)
Ms. OB
CO ON NT T D D F FR RO OM M P PA AG GE 5
Dear Ms. OB - I am the obsessive sender of mass-emails from PCs that have not been logged off. I confess, I cannot stop myself from sending rude jokes and nasty comments when I see a vacated PC station when the user has forgotten to exit Windows. I even look for them. My victims only need to go to pick up a printout and voil, the damage is done. I need help, please Yours, Mass- Anonymous Dear Mass Anonymous - I want to spank you hard, red, blue and black! Strip my clothes off and dont forget the handcuffs and the whip! Launch me on a rocket into outer space together with a squirrel. Also, I seem to have lost my mind, have you found it? By the way, is the dungeon and dragons evening still taking place tomorrow? Yours, Ms. OB Dear Ms. OB - I arrived at INSEAD a few weeks ago from Minnesota and leased one of the advertised French cars. I like driving this peppy automobile: I am very pleased with its performance and even getting used to the gearshift. But boy was I shocked to discover that I am simply one among many drivers with red plates! Given that all that seems to matter here is what chateau you live in and what flashy car you park in front of it (see the display of up-scale brands stationed in the North Car Park), I am now inclined to come to school on a bike and use my car to go to supermarket. Please advise. Yours, Red-Plate Ranger Dear Red-Plate Ranger - Well at least you are not the only one with this problem! May I suggest that if the current job market situation makes you believe that you will never be able to afford an Italian red sporty number, you can hide your vehicle in the underground parking lots with all the others, including all those old 80s models some of your fellow students inherited from their uncle. Yours, Ms. OB (Pilar & Beryl)
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1999 I got a phone call from INSEAD asking if I would like to look after a research centre in the Entrepreneurship Department here. A few months after that I was asked to run the REP course by Mike Ullmann and I started teaching the course in 2000. CITIZEN: Do you want to get involved into a company again? Patrick: It would be nice. As I say to my students, I have managed to launch, buy, sell, and go bust with a company. The only thing I have not managed so far is to get rich with a company. But theres hope.
two campuses cannot explain the differences between the students. The answer lies in the INSEAD recruitment process. First, students that elected to go to Singapore chose to move away from the well established reputation of Fontainebleau and confront the "uncertainties" of a campus in its infancy. Thus, they may have a more entrepreneurial spirit. The second type of students that came to Asia were those that submitted an application at the last minute and were unable to get their first choice of Fontainebleau due to seat unavailability. Again, a commonality can be seen between these students. They are students that are less inclined to manage processes and work in an "organized" fashion. It can be argued that these are entrepreneurial traits , or at least more "freespirited". Further to these common traits among the majority of Singaporean participants, we can also state that the facilities and the living environment play a big role in fostering the growth of the entrepreneurial attitude. The fact that the number of students is significantly smaller, the proximity of living quarters and entertainment facilities, not to mention that warm weather, is conducive to strengthening the ties among participants and reducing the barriers to communication. We never felt a separation between sections - parties, bbqs, outings were always aimed at the whole campus population. On campus, everybody knows at least