Your MBA In 300 Words

What’s the best management advice you’ve ever received? That was one question we asked Fortune 500 CEOs in our annual survey. Their answers were terse, but enlightening. We offer you the best, below. The most frequent theme was to focus on building the right team: “You are no better than your team.” “Surround yourself with great people, and great things happen!” “Hire the best people and give them the freedom to operate their business/dept., demand transparent communication and hold them accountable for the results.” Also frequently mentioned: “Listen”: “You have 2 ears and one mouth – use them in this ratio.” “Listen more then move with speed.” “Lead with questions, not answers.” The need to be ruthless in setting priorities was also a popular topic: “ Focus on one or two top priorities.” “Spend your time on the important, not the urgent.” “Focus your energy on a few things and delegate the rest.” And pacing was on the minds of many: “It’s a marathon, not a sprint.” “Nothing wrong with getting rich slowly.” “Don’t get too low with the lows or too high with the highs.” “Start small, fail fast, scale quickly.” The importance of values in an age of transparency was another recurrent theme: “Leadership is built on a foundation of values and only with strong values will our efforts to lead be sustainable and successful long-term.” “Always operate with integrity and excellence.” “Tell the truth.” “Do everything as if it will be on the front page of the newspaper tomorrow.” And then there were a few random chestnuts: “Don’t screw up.” “Prepare, prepare, prepare!” “Company first, career second.” “Leadership is action, not position.” “Take your vitamins, you’ll need them.” Read full story:...

13 Tips From MBA Students On How To Succeed In A Top-Tier Program...

MBA students spend months if not years working to get into an MBA program. However, once they are in a program, the everyday demands take over and students have little time to think about how to get the most out of their program. To better understand how to hit the ground running and to make sure you maximize success in your MBA program, we turned to recent and current students of top-tier MBA programs for advice. Tip #1: Focus on Career Experimentation Alex Haddock, Darden School of Business (University of Virginia), Interned at Goldman Sachs Alex Haddock, a rising Second Year at Darden, suggests that you go beyond the career exploration offered through recruiting. During the recruiting process, you will have access to top companies that will try to give you a sense of what it’s like to work in different fields and functions. However, business school offers many other opportunities to learn about new roles and industries – and the chance to actually use and experiment with the skills required in a variety of roles. Classes, clubs and extracurricular experiences will let you engage in real consulting, marketing and entrepreneurial engagements, just to name a few. During his first year, Alex was able to help a local company organize its accounting records, work with a public school to streamline its planning processes, and compete in a start-up pitch competition. If you take advantage of the resources at your school, you can leave after two years already having lived the roles of marketer, banker, consultant and more. Then you can make the best decision about your career path and your future. Tip #2: Make the Most of the MBA “Card” David Newsome, Sloan School of Management (Massachusetts Institute of...