Thursday, December 2, 2010

IPad Prominent At MBA Programs

November 30, 2010
Website link: http://www.citytowninfo.com/career-and-education-news/articles/ipad-prominent-at-mba-programs-10113003

As the fervor for the Apple iPad continues to grow among consumers worldwide, the trendy digital device is beginning to make an impact at university MBA programs.

Although many criticize the presence of the iPad in business classrooms as distracting and costly, professors and students alike are increasingly praising the Apple product for its versatility and compactness.

Like several other universities that have tested the iPad, Boston University's School of Management is planning on providing iPads to all its students in its Executive MBA Program beginning in January, having successfully launched the tool this fall, according to U.S. News & World Report.

"Ultimately, we'll be at a point when everyone is going to walk into a classroom with some type of tablet device," said Janice Dolnick, director of BU's Executive MBA Program. "So, we think there's a lot to be learned still in terms of how these can be used."

University officials are looking to integrate the iPad into their MBA curriculums as a way of condensing the immense amount of materials a typical business student must juggle into one portable, hand-held device, Business Week reported.

"Its portability makes the iPad ideal for working professional," said Jane Mutchler, associate dean for academic planning and programs at Georgia State University's Robinson College of Business. "In addition to having texts already loaded, it can be used to keep track of assignments, future tests, study dates and social events, and it has the same type of calendar and email platform that is on the iPhone."

As a trial at the International Institute for Management Development in Switzerland, university officials gave each student an iPad, loaded with presentations, case studies, articles and program information, according to Top MBA. The implementation of the iPad during the program not only fostered a collaborative academic environment for its faculty and students but also substantially reduced the school's paper consumption, suggesting there are environmental benefits to the device.

"Business schools use a lot of paper, so much so that on some programs the cost of the paper is more than the cost of the iPad, so there are clear savings," said Dr. Ian Cooke, IMD's chief technical officer. "However, if it's linked into lectures, as in [IMD's trial] then it becomes more than just a paper replacement."

According to Cooke, the tablet computer's capability to hold masses of information larger than a library as well as update that information in real-time as a lecturer speaks makes it highly useful and unique.
Some students, however, are opposed to using the iPad in the classroom, stating that needing an Internet connection to access materials on the device is impractical.

"During class, I need something quick, and professors talk fast," said Desales University MBA student Vincent Hesener. "[So] unless I whip out a dock with a keyboard, the iPad is difficult to [type] on."

In addition, professors expressed dissatisfaction with the iPad's potential to distract students in class.

"There's a meaningful proportion of b-school professors who don't allow laptops or iPads into the classroom," said Tyler Steben, vice president of custom publishing at XanEdu, a publisher of textbooks and other course materials. "They're afraid students will be playing [games] or using Facebook instead of listening to the case discussion."

Compiled by CityTownInfo.com Staff
Sources:
"M.B.A. Programs Are Biting Apple's iPad," U.S. News & World Report, November 24, 2010, Brian Burnsed
"Apple iPad Enters the MBA Classroom," Business Week, November 19, 2010, Alison Damast
"The MBA and the iPad," Top MBA, February 9, 2010, Richard Burns

Tuesday, November 30, 2010

The Top 10 Leadership Qualities

By David Hakala on March 19, 2008
Website link: http://www.hrworld.com/features/top-10-leadership-qualities-031908/

Leadership can be defined as one's ability to get others to willingly follow. Every organization needs leaders at every level. Leaders can be found and nurtured if you look for the following character traits.

A leader with vision has a clear, vivid picture of where to go, as well as a firm grasp on what success looks like and how to achieve it. But it’s not enough to have a vision; leaders must also share it and act upon it. Jack Welch, former chairman and CEO of General Electric Co., said, "Good business leaders create a vision, articulate the vision, passionately own the vision and relentlessly drive it to completion."
A leader must be able to communicate his or her vision in terms that cause followers to buy into it. He or she must communicate clearly and passionately, as passion is contagious.

A good leader must have the discipline to work toward his or her vision single-mindedly, as well as to direct his or her actions and those of the team toward the goal. Action is the mark of a leader. A leader does not suffer “analysis paralysis” but is always doing something in pursuit of the vision, inspiring others to do the same.

Integrity is the integration of outward actions and inner values. A person of integrity is the same on the outside and on the inside. Such an individual can be trusted because he or she never veers from inner values, even when it might be expeditious to do so. A leader must have the trust of followers and therefore must display integrity.

Honest dealings, predictable reactions, well-controlled emotions, and an absence of tantrums and harsh outbursts are all signs of integrity. A leader who is centered in integrity will be more approachable by followers.

Dedication means spending whatever time or energy is necessary to accomplish the task at hand. A leader inspires dedication by example, doing whatever it takes to complete the next step toward the vision. By setting an excellent example, leaders can show followers that there are no nine-to-five jobs on the team, only opportunities to achieve something great.

Magnanimity means giving credit where it is due. A magnanimous leader ensures that credit for successes is spread as widely as possible throughout the company. Conversely, a good leader takes personal responsibility for failures. This sort of reverse magnanimity helps other people feel good about themselves and draws the team closer together. To spread the fame and take the blame is a hallmark of effective leadership.

Leaders with humility recognize that they are no better or worse than other members of the team. A humble leader is not self-effacing but rather tries to elevate everyone. Leaders with humility also understand that their status does not make them a god. Mahatma Gandhi is a role model for Indian leaders, and he pursued a “follower-centric” leadership role.

Openness means being able to listen to new ideas, even if they do not conform to the usual way of thinking. Good leaders are able to suspend judgment while listening to others’ ideas, as well as accept new ways of doing things that someone else thought of. Openness builds mutual respect and trust between leaders and followers, and it also keeps the team well supplied with new ideas that can further its vision.

Creativity is the ability to think differently, to get outside of the box that constrains solutions. Creativity gives leaders the ability to see things that others have not seen and thus lead followers in new directions. The most important question that a leader can ask is, “What if … ?” Possibly the worst thing a leader can say is, “I know this is a dumb question ... ”

Fairness means dealing with others consistently and justly. A leader must check all the facts and hear everyone out before passing judgment. He or she must avoid leaping to conclusions based on incomplete evidence. When people feel they that are being treated fairly, they reward a leader with loyalty and dedication.

Assertiveness is not the same as aggressiveness. Rather, it is the ability to clearly state what one expects so that there will be no misunderstandings. A leader must be assertive to get the desired results. Along with assertiveness comes the responsibility to clearly understand what followers expect from their leader.

Many leaders have difficulty striking the right amount of assertiveness, according to a study in the February 2007 issue of the Journal of Personality and Social Psychology, published by the APA (American Psychological Association). It seems that being underassertive or overassertive may be the most common weakness among aspiring leaders.

A sense of humor is vital to relieve tension and boredom, as well as to defuse hostility. Effective leaders know how to use humor to energize followers. Humor is a form of power that provides some control over the work environment. And simply put, humor fosters good camaraderie.

Intrinsic traits such as intelligence, good looks, height and so on are not necessary to become a leader. Anyone can cultivate the proper leadership traits.

Wednesday, November 24, 2010

12 Key Qualities of a Great Employee


What are the top twelve qualities employers want? According to national surveys we have developed a list of the top twelve qualities employers look for in employees.

Before you read our list why not jot down your own list of qualities you think are important. See how closely yours matches the survey.

Here is the list from the survey:

Positive Attitude
Employers value an employee who is cheerful and upbeat with a “can do” attitude. A good sense of humor is also a must.

Communication Skills
Excellent written and verbal skills are a must. Express yourself clearly and accurately, in writing and in speaking. Employers value good sentence structure, essay and report making skills. Build a good vocabulary and perfect your spelling. Your good communication skills reflects positively on the company if you are hired.

Computer Skills
Today knowing how to operate a computer is essential. Many jobs require at the least e-mailing and word processing skills.

Strong Work Ethic
A hard working employee is a very valued employee. Finish what you start even when the going gets tough.

Honesty and Integrity
Do not “borrow” company supplies, products or personal equipment with out employer permission. Just because you use it at work doesn’t mean it belongs to you. No lying, cheating or stealing. Gove a full days work for a full days pay. Personal phone calls are for your break time.

Punctuality
Arrive at work on time. Return from breaks and lunch on time as well. In the rare instances when employees cannot avoid being late to work or are unable to work as scheduled, they should notify their supervisor as soon as possible in advance of the anticipated tardiness or absence.

Flexibility and Adaptability
Willingness to get involved with numerous projects, to help and encourage others, and to find creative solutions to difficult problems. It is necessary to adapt to change quickly and easily. Ability to quickly learn new things. Not getting discouraged by setbacks. Following through on those projects you may not care for. Able to let go, take charge and capitalize on the opportunities presented.

Analytical and Problem Solving Skills
Don’t shy away from creativity. Many employees fear taking on new task feeling they may fail or have an extra workload. Employers look for employees who come up with creative ways to solve problems. Think outside the box.

Interpersonal Skills
Getting along with others, being kind, friendly easy to talk to. Practice the golden rule: “Treat others as you would like to be treated.” Don’t forget your dress and grooming are very important. Make sure your clothes are clean and neat, your hair is combed, and shower and use deodorant.

Team Work Skills
A good employee is able to work as part of a team to accomplish company goals. Being able to listen and work with group ideas.

Initiative and Motivation
Be a self-starter. Have an enthusiastic and positive attitude in the workplace. Being a hard worker as opposed to a lazy one.

Loyalty
Always speak well of the workplace, supervisor or job. Don’t discuss confidential matters with anyone who is not authorized to know.

How well did your list match up?
Put these qualities into practice and you will maximize your chances of getting employed or promoted. Also it goes along without saying anyone who possess theses qualities would be an asset to any company!

In today's world we know that energy matters. One of the top industries is the Oilfield Industry. The Oilfield Directory hosts a Job Bank of oilfield positions. These jobs range from rig workers to secretaries, roughnecks to executives. If you are an employer and have a job please post it here. We welcome Job Seekers, this is the place to find your new career. Click on Oilfield Jobs.

Friday, November 19, 2010

BUILDING A DECISION TREE IN TREEPLAN

TreePlan is a decision tree add-in for Microsoft Excel 2000–2010 (Windows) and Microsoft Excel 2004 (Macintosh).

TreePlan helps you build a decision tree diagram in an Excel worksheet using dialog boxes. Decision trees are useful for analyzing sequential decision problems under uncertainty. Your decision tree model may include various controllable alternatives (e.g., whether to introduce a new product, whether to bid on a new project) and uncontrollable uncertainties (e.g., possible demand for a product, whether you're awarded a contract), arranged in chronological order. TreePlan automatically includes formulas for summing cash flows to obtain outcome values and for calculating rollback values for determining the optimal strategy.
You can start TreePlan either by choosing Tools | Decision Tree from the menu bar (Excel 2003 and earlier versions), by choosing Add-ins | Decision Tree (Excel 2007 or 2010), or by pressing Ctrl+ Shift +T (hold down the Ctrl and Shift keys and press T). If the worksheet doesn't have a decision tree, TreePlan prompts you with a dialog box with three options; choose New Tree to begin a new tree. TreePlan draws a default initial decision tree with its upper left corner at the selected cell. For example, the figure below shows the initial tree when cell C3 is selected before creating the new tree. (Note that TreePlan writes over existing values in the spreadsheet: begin your tree to the right of the area where your data is stored, and do not subsequently add or delete rows or columns in the tree-diagram area.)

Build up a tree by adding or modifying branches or nodes in the default tree. To change the branch labels or probabilities, click on the cell containing the label or probability and type the new label or probability. To modify the structure of the tree (e.g., add or delete branches or nodes in the tree), select the node or the cell containing the node in the tree to modify, and press Ctrl+Shift+T. TreePlan will then present a dialog box showing the available commands.

For example, to add an event node to the top branch of the tree shown above, select the square cell (cell G4) next to the vertical line at the end of a terminal branch and press Ctrl+Shift+T. TreePlan then presents this dialog box.

To add an event node to the branch, we change the selected terminal node to an event node by selecting Change to event node in the dialog box, selecting the number of branches (here two), and pressing OK. TreePlan then redraws the tree with a chance node in place of the terminal node.

Since TreePlan decision trees are built directly in Excel, you can use Excel's commands to format your tree. For example, you can use bold or italic fonts for branch labels: select the cells you  want to format and change them using Excel's formatting commands. To help you, TreePlan provides a Select dialog box that appears when you press Ctrl+Shift+T without a node selected. You can also bring up this dialog box by pressing the Select button on the Node dialog box. From here, you can select all items of a particular type in the tree. For example, if you choose Probabilities and press OK, TreePlan selects all cells containing probabilities in the tree. You can then format all of the probabilities simultaneously using Excel's formatting commands. (Because of limitations in Excel, the Select dialog box may not be available when working with very large trees.)

Tuesday, November 16, 2010

Thanksgiving History and Jokes

Website link: http://www.thanksgivinghistory.net/
Thanksgiving history
Thanksgiving history is a tale worth telling especially in a humorous manner. For instance, did you know that the first Thanksgiving was held in 1621 on a big rock on the east coast and was highlighted when a Native American drove the first Plymouth into the middle of the festivities?

A little known fact in the history of Thanksgiving is that John Wayne narrated the event saying things like, "Well Pilgrim, I see your still protecting the ladies" and "Hey, Pilgrim, hand me those mashed potatoes won't you?"

As a narrator, John Wayne had a James Earl Jones quality about him, only different.

Thanksgiving history states that the first gathering among the pilgrims (Fred and Ethel Pilgrim, that is) and the Winnebago Indians, took place in 1621, as previously stated, and was regarded as a harvest festival event though there were few hippies and Jesus Freaks and rock bands at the time.

Following a harsh winter in 1620, followed by a drought, prayers for rain, and a rain that came down like cats and dogs, the autumn harvest festival featured fine foods such as turkey, giblets, gravy, mashed potatoes, lettuce, turnip & pea. Pheasants and swans were also offered and ironically, no one wanted the turkey wishbone at that time, but the kids all fought over the swan's neck.

Thanksgiving history, according to scholars, was an autumn harvest festival and was a time of overeating, dancing, drinking and merriment, which was strictly forbidden by the pilgrims' puritanical religion at the time and doomed all of the participants to an eternal life in hell or a life of wearing those ridiculous costumes with buckles on their shoes, whichever, they individually deemed harsher. The history of Thanksgiving states that pilgrims and Indians played games such as rugby, Native American soccer, badminton and Jarts.

Some older accounts of Thanksgiving history state that Pocahontas joined Captain Myles Standoffish for the first Thanksgiving celebration, but revisionist history states this isn't so as Pocahontas actually died just a few short years before the first celebration.

According to new data in regards to the history of Thanksgiving, it is now known that the body of Pocahontas was dug up for the celebration and propped up at the end of the table. She was regarded as the wise old aunt who barely spoke a word and probably had a buzz on as she was smiling the whole time.

Again in 1621, Governor William Bradford declared Thanksgiving Day as a national holiday, but since the Revolutionary War had yet to take place, no one knew what this meant.
In wasn't until George Washington was President in 1789, that he had the power, after the Revolutionary War to declare Thanksgiving as a national holiday.

After doing so, George promptly bit into a huge turkey leg and split in two his fine wooden teeth.

So, there you have the history of Thanksgiving, albeit one that is factually incorrect, full of misinformation, misdirection, miscellany and downright lies. You were actually expecting the truth? For more factually incorrect, yet humorous information regarding Thanksgiving history, check out the rest of this site. Or, not, since we don't care. We're like that, you know. In case you didn't, well now you do. And do with this what you will.

Thanksgiving Jokes
Why did the turkey cross the road? To get to the other side .
Why do you eat a turkey rather than keep it as a pet? Because otherwise it will use fowl language on you.
If pilgrims were alive today, what would they say? Do not resuscitate.
If April shower bring May flowers, what do Mayflowers bring? Pilgrims and furniture.
Why don't you let a turkey get near corn? Because they will gobble, gobble, gobble it.
What do you call it when you drop a turkey from a helicopter? Dead weight.
What do you call the age of a pilgrim? Pilgrimage.
What kind of cars would pilgrims drive today? Plymouth.
What kind of tan did pilgrims get at the beach? Puritan.
What kind of face does a pilgrim make when he's in pain? Pil-grimace.
What's the smallest unit of measurement in the pilgrim cookbook? Pilgram.
What's a pilgrim's mother called? Pilgranny.
In what country is Thanksgiving ironically not celebrated? Turkey.
What do you call a pilgrims vocabulary? Pilgrammar.
What do Thanksgiving and Halloween have in common? One has gobblers, the other goblins.
If you call a large turkey a gobbler what do you call a small one? Goblet.
What was the turkey suspected of? Fowl play.
Hear about the turkey that evaded the Indian? It had an arrow escape.
What is Thanksgiving for selfish people called? Thankstaking.
What do you call the evil being that comes to get pilgrims? PilGrim Reaper.

Thursday, November 11, 2010

Goal Setting: The First Step to a New Career

http://www.howtointerview.com/jobinterview.html

John is interviewing for a new job. He is asked, "Why do you want to work here?" He looks surprised, then after a thoughtful pause says, "Because I saw the ad in the paper and thought it would be fun." The interviewer later asks, "Where do you see yourself five years from now?" Again, John thinks for a minute, and then hesitantly answers, "With higher pay?"

Later that day Kathleen is interviewing for the same job. When asked her goals, she leans slightly forward, and states, "I have always wanted to work in this industry, which is why I got my degree in a related field. I plan to take the following courses for certification in my field (she briefly lists courses she has taken and is planning to take to increase her credentials). Within five years, I plan to be mentoring others in my area, and to have increased job responsibility at this company because of my credentials and increased skills."

Who do you think will get the job?

The above scenario is not as far-fetched as it sounds. A surprisingly large number of people never define what their personal career goals are, or even investigate what type of work is best suited for them personally.


Define Your Goals
The first step in starting any job search is defining your goals. Simply put this means looking at "What do I want to be?" and "What am I qualified to do?" The closer these two are to each other, the greater the chances of getting the job you want (and being happy at it!). This means doing the necessary research and self-evaluation to understand what type of job is a good fit for both your interests and experience. Having well defined goals will assist you in focusing your job search and not wasting time interviewing for jobs that are unsuitable for you.

Self-Assessment: A Key to Setting Career Goals
A self-assessment can help you determine the type of job that would be a good fit for your talents and personality. The following exercises will help you not only in defining personal goals, but will also help when the company interviewer asks you the standard questions, "Why do you want to work for us?" "Where do you see yourself in five years?" and "How do you plan to reach your goals?"

Skills assessment
Take a piece of paper and make out two columns. In the first, write "skills". Under this heading, you will be listing different skills that you have collected in your lifetime, whether from formal education, college courses, personal interests, or work. Summer jobs, internships, and any jobs that you have held will include skills that should be listed. This is an area to list your greatest strengths and abilities, such as mathematical ability, communication skills, computer expertise, or creative projects completed. Skills can range the gamut from technical to physical, and will vary with a person's individual experiences.

Values/interests assessment
In the second column, write "Personal values/interests". List the values that are important to you personally, including your ideal working conditions and your "dream job". Everyone has different things that are important to him or her. Do you enjoy security, routine, and detail-oriented work? Or are you a restless, creative, independent type? Invite feedback from others who know you well, such as family, friends, and teachers, or those who have worked with you.

Are you a risk taker? Or perhaps you're a people person? How important is money to you? What about personal prestige? Do you enjoy supervising others, or following orders? Do you enjoy teaching others? Are you a team worker, or do you prefer working alone? What locations are acceptable? Is your dream to live and work in a rural setting, or in a major metropolitan center? How many hours of work per week are acceptable? The answers to these questions will help you to define what type of job you should be seeking.

Help from Uncle Sam (The Department of Labor)
In "Guide for Occupational Exploration"(1979)(1), all jobs in the US were defined as falling into one of 12 areas based on interests:
   
  • Scientific

  • Artistic

  • Working with Plants and Animals

  • Protective

  • Mechanical

  • Industrial

  • Business Detail

  • Selling

  • Accommodating (catering to one person)

  • Humanitarian

  • Leading and influencing

  • Physical Performing


  • This list can be an excellent starting place to help you define your personal interest areas.
    Now look at the two lists you have made, of skills and interests. Is there an overlap, or a huge discrepancy? If the two are very different, it may mean that you have been working at a job that did not match your values, and you will want to consider changing careers. If the two overlap a lot, chances are that your interests and skills have been a good match in the jobs you have held, and you will want to consider pursuing your career in this field, or a similar field.
    Using these assessments that you have done, you can now create a third list: job desired. Write down jobs that you believe you would be suited for, based on the information you have obtained. You are now ready to do the next step.

    Research: Key to Defining Career Goals
    You will want to research the job market and find out what skills and education are needed in the job category you are seeking. You can find good information on this from on-line sites for companies in the field, library books, trade journals, and help wanted ads. Try to find answers to questions such as:
    Is a specific college degree needed? What about certifications? What kind of work experience is needed? Can I get on-the-job training? These will help you to determine educational goals that will help you reach your career goals. You will also need to consider whether you are willing to put the time, money, and effort into obtaining the necessary education for a certain career.

    If hired in this job field, what are the chances of advancement? Where do I want to be in five years? Ten years? The answers to the last two questions are your personal career goals, and will determine the steps that you take after being hired.

    You may want to try going on some informational interviews, in which you meet with a representative of a company in an occupation that you are interested in exploring. The goal is NOT to be hired (although that would be nice!), but to learn more about the skills, education, and background needed to work in this field. This type of interview is also a wonderful way to develop contacts in the industry as well.

    Summary
    One result of doing the above analysis, research, and defining of goals, is that by the time you have done this, you will have an excellent idea of:
  • What jobs you are interested in

  • What opportunities are available for someone with your skills and background

  • What your personal job goals are. Employers and recruiters often look more favorably on the candidate with well-defined, specific career goals.

  • The education, credentials that you need to obtain to further your career goals

  • Whether you need to consider a career change to meet your goals, or look for a different job within the same industry

  • Whether the position offered is a good "fit" for you, based on your interests, values, and skills

  • Once your career goals are defined, you can go to the next step: narrowing your search to specific companies, and beginning the process of preparing for interviews.

    Tuesday, November 9, 2010

    HISTORY OF THE MBA

    The MBA was introduced in the US at the beginning of the 20th century as a two-year postgraduate course. Its purpose was not only to provide individuals with the qualifications to advance their respective careers, but also to help business meet their need for specialized individuals well-versed in the abilities to manage in the modern business world. Most students enrolled straight after a first degree without business experience. The first year was devoted to teaching a core of business "fundamentals" with the second year focussing on education in either general management or in an area of concentration as chosen by the student.

    At the time, the United States was the only country that offered such programs; the Wharton Business School, established in 1881, was the first business school in the country. However, the Tuck School of Business, established in 1942, was the first management school in the US to award a graduate degree in business. It began by offering master's degrees in the commercial sciences (the predecessor of the MBA that we know today), and in 1952 changed its degree to the Master of Business Administration. Soon, other colleges in the US began offering these programs.

    In Canada, the first MBA program was established in 1948, at the University of Western Ontario (UWO), and the first MBA degree was awarded two years later. In fact, UWO's MBA program was the first MBA degree course to be offered outside the United States. Following the success of the MBA program, Canada's fist doctorate program in business administration began in 1961, also at UWO. Based on the UWO model, MBA programs began to be established in post-secondary institutions across Canada; by the late 1970s, every major provincial urban centre in Canada had at least one institution offering an MBA degree.

    By the late 1970s to early 1980s, there was increasing dissatisfaction--especially on the part of the business community--with two aspects of the MBA programs being offered. Firstly, teaching was viewed as being too theoretical while ignoring practical applications. Secondly, business education was criticized for being taught by individuals with little or no direct experience and/or formal education in business.

    Beginning in the late 1970s, graduate business education increasingly blended theoretical with practical knowledge. Co-operative learning and exchange programs were also introduced. Moreover, the standards of business education were improved by requiring future instructors to have at least an extensive, formal business education, with preference awarded to those with direct business experience.

    Today, while the traditional 2-year MBA program still exists, a significant number of business schools offer intensive 12-month or accelerated programs. As well, since the mid-1990s industry- and sector-specific MBA degrees have been offered, and programs have moved beyond simply teaching business fundamentals and disciplines into developing students' "soft" skills such as analytical, communication, leadership (broadly defined), interpersonal, networking, and teamwork abilities.

    The biggest growth in recent years has been in part-time and distance MBAs that allow students to continue working at the same time. As well, there has been a growing interest in executive MBA programs that often take place in the evenings and on weekends.