Investing in MBA’s Slice by Slice

Since I discovered crowd investing, there has been a stellar pitch on Crowdcube which particularly impressed me and seemed to get fully funded far faster than anything else, raising £430,000 in just 20 days.  It was a proposal for a chain of pizza-by-the-slice restaurants in London.  My own bite-sized investment left my back account a few weeks ago and the first branch opens soon.

Food companies are, so to speak, two a penny in crowd investing world so it wasn’t (only) my affection for food which attracted me.  Pizza Rossa is run by a group of MBA graduates from London Business School.  The team won the School’s annual business plan competition and was also a winner of the 2013 Deloitte Institute of Innovation and Entrepreneurship’s Founders Award.

What a two and a half year old can teach us about Strategy

Those of us who have children well remember the thrill of hearing them utter their first word. It is something that we had anticipated for a long time and signals yet another astonishing phase in their development.  You will probably also be familiar with the next phase a parent goes through which is "why can't they shut up!" as the child reveals its mastery of language by constantly asking 'why?' and 'how?'. Unless your child is Einstein whose first words (at the age of four) were allegedly "this soup is too hot", then you will recognise this all too clearly.

Eating Soup with a Fork: Teaching Entrepreneurship to Business Students

More and more people are getting aware of the benefits of “inventing a job rather than finding a job”. Across the world, universities and colleges are rushing to introduce entrepreneurship classes. This phenomenon has rekindled the age-old debate, whether entrepreneurship can be taught in business schools or one is better off learning it ‘by doing’?

The MBA Legacy

As if a day at the Olympics wasn’t exciting enough, I happened across a couple of MBA classmates there. It was as uplifting as being in the stadium.

There is a special quality to meeting up with people who went through an MBA experience together. It hardly takes any time at all to reclaim the mutual support and respect which ran through the year I spent studying. I did my MBA course because I needed to learn more about strategy and finance. Like most people, I came away with that and so much more including the self-understanding which underpins leadership.

Have you fostered someone’s aspirations today?

At the University of Bedfordshire we understand very well that some of our students come to our classrooms with narrow, constrained aspirations and one of our roles is to show what is possible for them. We all relish the moments when students realise what they can achieve. It’s a hard but crucial part of our role as higher education tutors to create those glimpses of possible futures but maybe it’s even harder for any of us to see the constraints to our own aspirations, both our individual and our collective aspirations.

Can we recognise when we have faded? When we have allowed ourselves to be beaten back? When we have consented to be constrained because it is too hard to fight the world all the time? I suggest we can’t usually do that until something happens to re-invigorate us and to realise how we had reduced ourselves. We too need the equivalent of a tutor to release us sometimes.

A Deliberately Opaque Piece

I was thinking about the value of opacity last week, something I haven’t done since I worked in the paint industry. Opacity is crucial in paint but elsewhere transparency is the order of the day. Whether it’s open government, shining a light on corruption or businesses demonstrating attention to stakeholder interests transparency’s credentials as a liberal value and part of a healthy civil society rule supreme.

As part of a package of proposals on directors’ pay last week Vince Cable, Business Secretary, said that companies would be required to disclose the total value of a director’s pay, a further transparent step in this troubled area. Transparent so of course a good thing? Perhaps not unequivocally, I suggest.

The business case for fiction

In a recent blog I passed on Nassim Nicholas Taleb’s praise of philosophy and other serious reading. I want to make the case for reading fiction.

There are good reasons for reading including novels of all kinds – basically it’s enjoyable.  More than that though, I suggest there is a business case for fiction. So much of business is about people – your colleagues, your customers, your business partners – and a good novel provides insight into their hearts.

So, when friend asked me recently what to read before she went to China, I lent her three novels. I could have recommended a textbook which explains what it means to live in a communist country with a rampant capitalist economy but stories make it much more real.

Do you aspire to have a strategy?

I listened to a piece on the radio earlier today about the UK’s electricity generation strategy, or lack of it. One expert’s view was that we had a strategy in the sense of an aspiration but we had no plan. Although I understand what she meant in relation to energy policy, we need to be much clearer in relation to strategy itself because we mustn’t think of it as “aspiration” at all if we want to come up something useful.

It’s hard teaching strategy, particularly to anyone without much work experience, because they generally have no conception of what it is and nothing much we can relate it to. One route is to consider what strategy is not and “aspiration” is one of the things on the “not” list.

Why are you reading this?

I’m gradually working my way through a reading list from Ha-Joon Chang, reader in Economics at Cambridge, which was promoted by Heffers bookshop last summer. It’s an odd time to take up reading about economics as it is a discipline under some pressure at the moment. Behavioural economics has for a while been eating away at the rationalist principles underlying much of micro-economics. More recently the financial crash and subsequent recession continue to challenge macro-economics. I decided it was time to explore how thinkers in this field are responding to the challenges and remedy my own ignorance at the same time.

Dressing for success

Never mind "The Artist" what about the BAFTA frocks? Vivienne Westwood, Sybil Connolly, Armani and a Valentino “Eco-gown”. Much as I’d like to have the figure to wear one, I’m really glad I don’t have to bother quite that much about what I wear to work.

I did have a little flurry of bothering about it just before Christmas. I smartened up. I was meeting a potential external partner in some new MBA developments and decided that I needed a “customer facing” outfit. I dug around in the back of the cupboard and found things that I haven’t worn for ages. Straight black skirt, white top and short grey jacket. Cool new shoes. It felt good to be sharp. I felt I was standing up straighter and was more alert, potentially more impactful.

Is there any strategy?

It was amazing, when I read the news in November last year that Emirates have placed an order for an additional 50 Boeing 777-300 ER" planes, in addition to 20 Boeing 777-300ER as an option. This order was the single largest dollar-value order in Boeing's history.

According to emirates Group chairman ‘Emirates is financially strong enough to fund the purchase of new aircraft as part of ongoing expansion plans by one of the world’s fastest growing airlines. Emirates made net profits of Dh827 million in the first half of 2011, confirming its status as ‘one of the fastest growing carriers’.

In the current recession scenario when many airline companies are in either loss or debt what’s made Emirates so different from other airlines?

People in Beijing - richer or poorer?

I chose to fly back home during the Christmas period mainly because of my mother's severe back pain. It is an old problem that has bothered her for a few years, yet it gets worsen recently. My mother is a tenacious woman. She does not believe in surgery. A friend of our family recommended traditional Chinese massage as an alternative and thus we found her a reputable hospital in Beijing, well-known for its massage techniques and recovery treatments.

For this reason, I need to go to the hospital every Monday and Friday to make an appointment for her. Guess when I woke up? 4.30 am! The hospital sells "numbers" to patients on a first come first serve basis. Its official opening time is 8am. Since there are so many patients and limited medical resources, most "ordinary people" - if you are not as ‘important’ as those government officials or as rich as those celebrities - would have to join a long queue, about 200 people, in the cold winter mornings enduring the temperature hitting below -10 degree Celsius. Believe or not, online booking and telephone booking are totally out of question.

The glass ceiling and MBA’s

During my time working for the Centre for Women’s Enterprise (CWE) at the University of Bedfordshire I frequently had to consider whether the services we provided were accessible to women with childcare responsibilities. This included ensuring that the CWE services were offered during school hours to ensure women with children were able to participate and on occasions, providing a crèche to enable mothers with pre-school children to benefit from business support services.

Will the boat sink the water?

I don’t have the temperament to do a PhD but if there is a me in a parallel universe who is patient, meticulous and detailed she’ll be doing a dissertation on protest and political unrest in rural China.  So even in this universe I’m interested that a protest in a village in Guangdong province is now making international headlines.

Wukan villagers claim that the local government confiscated land for development. This is in one of the wealthiest provinces in the whole of China so the gains from development are enormous. This is not an isolated incident. Skimming off the gains from the sale of land is one of many temptations to poorly paid local government officials and one of the main aggravations to farmers.

China and me

I’m sitting in front of a photograph which shouted China to me before I even looked at the caption.  It’s not the Great Wall or people doing tai chi in a public park, not a Terracotta Warrior or the Water Cube, not the exuberant skyline of Pudong which has sprung from nothing since the 1990’s to be Shanghai’s financial and commercial centre.

What I’m looking at is a close-up of a block of flats and it was The Independent’s picture of the day recently.  It’s a close-up in the sense that you can’t see the ground, the top or either side of the block.  You can clearly see clothes drying at the windows.  Nevertheless, it is distant enough to see 12 floors and probably six apartments on each floor.

The world after email is on its way

It’s clear from the habits of our undergraduates that young people have moved on from email, or have never adopted it in the first place. Teenagers think that email is middle aged and, of course, they cannot conceive of a world without email, instant messaging (IM) or mobile phones at all.

Now the hi-tech services company Atos has announced that it is phasing out email over the next 18 months. Email will go the way of the smoke signal, letter, telex and fax. According to The Independent, Atos will be moving to other tools, including IM, wikis and social networking, including a business-based social networking service called Yammer. The idea is partly to reduce the time spent on useless emails – spam, marketing emails, emails copied to everyone just to cover backs, etc. It is a disruptive, intrusive, demanding medium. Most us aren’t much better at ignoring incoming mail than we at ignoring a ringing phone.