How MBAs Can Get Richer Than They Ever Imagined

This week, I got to interview Tim Richardson, an energetic guy who wants all of us MBAs to live a rich life.  He’s in the category of what I call my ‘zen friends’ because he lives in complete harmony about all of his career and life choices.  He even contributed as an author of Meditations for The Road Warrior.

The funny thing is, at an MBA event last month I asked a group of graduates if they ever meditated.  It started a whole discussion about scenes from Eat, Pray, Love.   We MBAs seem so type A that we can’t let our minds stop for three seconds.  Nearly everyone had tried, yet gave up because it seemed boring.

His newest book is Living Rich: Giving, Working, and Playing Like There’s No Tomorrow.  I think you’ll enjoy Tim’s perspective on ‘richness’.

LISA: You recommend building a strategic plan for your life.  What elements should be included and why?

TIM: Of course, people value different things. For me, I spend time thinking about and planning in the following areas: health, career, faith, family/friends, hobbies/interest, life long learning/intellectual stimulation and finances. I think all of it should relate to fulfilling your purpose in life. If your purpose is clear, it makes everything else easier.   There’s an article on how to “retreat to advance” on my website.

LISA: What prompted you drop your goal to be a millionaire?

TIM:  I didn’t really drop that goal, I just don’t focus on becoming a millionaire as one of the most important things in my life. A happy marriage, having great kids, doing things I enjoy, making a difference, and being healthy ALL trump becoming a millionaire. I’d rather have those things than a billion dollars. As trite as it may sound money does NOT buy happiness and it certainly can’t buy you those things.

LISA: Many MBAs set goals to be rich.  You talk about “richness” as more than money.  Tell us more about that.

TIM: The bottom line is that being rich is not about how much you have, it’s about what you give. The more you give, the richer you become. It’s amazing to me to see the number of MBA’s today who are using their MBA’s in ways that make a difference. That to me, is RICH.

LISA: So many of us have trouble disconnecting.  You do a personal one or two day reflection and planning session every year in inspiring places…a “think week” as Bill Gates puts it.  Tell us about a key insight or goal that was born at one of yours.

TIM: My very speech topic of Living Rich came as a result of one of these sessions. I had been thinking my old speech was tired and needed to be retired yet I didn’t have something new in the pipeline. A day of thinking produced a list of questions which in time led me to discovering a new speech and whole series of projects that re-energized me, focused my speaking, and helped create a unique topic which sets me apart from my speaking colleagues.

LISA: You wrote a book about meditations for road warriors.  Many professionals cannot quiet their minds.  How can crackberry addicts learn to stop thinking and doing for a few minutes?

TIM: Technology is of course a mixed blessing. It both helps us connect AND it keeps us from connecting. Resist the temptation to take your technology everywhere you go. Have a day a week when you just don’t use technology at all. For the addict, that will be tough but people have survived thousands of years without being “connected” so anyone can survive a day.  Plan some tech free time in your life. You’ll be absolutely amazed with how much more productive you can be by reducing technology and only using it when necessary. Quiet time and daily reflection are as vital as exercise and healthy eating.

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If you want to hear more from Tim, be sure to check out his blog.  Thanks, Tim, for participating in our expert interview series!

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The International MBA Blog Has Moved!

Hello readers. We’re excited to announce that we’ve moved to a new website.

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Can Organizational Work Life Balance Programs Really Work?

This interview is written by MBAs for MBAs.  This week, I interviewed Lisa Sansom.  She’s an MBA, a leadership coach, and an expert speaker.  She even facilitates the team building process for new MBA cohorts at the Queens School of Business.   As a fellow student of organizational behavior, I couldn’t wait to get started.

LISA C: You’re an MBA in Organizational Behavior and an expert on interpersonal communications.  Give us a tip or two for increasing our self-awareness at work.

LISA S: When you encounter a frustrating situation or conversation, the first thing to do is take a disempassioned deep breath and ask yourself “How am I contributing, intentionally or unintentionally, to this situation?” Take a minute, ponder, and then the next thing that comes out of your mouth should be a question that will honestly help you to understand the other person’s point of view – a meaningful and open inquiry. Spend some time, as Stephen Covey says, seeking first to understand the other person.  Set your own ego and opinions aside – just for a moment. you don’t have to relinquish them entirely, but ask a few questions to turn on your own light bulb first.

LISA C: You’ve facilitated 360 reviews.  What can be gained from participating in a 360 process?

LISA S: 360 reviews provide two very interesting opportunities – one is for you to receive feedback from other sources in an honest fashion, and the second is for you to compare your own perceptions with those around you. It is important in 360s to remember that this is all about perceptions. Often, the 360 recipient, when seeing the results, focuses on the negatives and says “What can I do differently?” I would suggest that there are two alternative questions that would enrich the 360 experience: 1. “Where are my strengths that I can leverage?” and 2. “What are the perceptions that I can change?” The second question is subtly different in that it focuses your attention on the perceptions of the other person, rather than your own actions. It may be that your actions are fine, but you are not managing the relationship well enough that the other person is clear on your actions and intentions.

LISA C: As a writer for Your Workplace magazine, you’ve touched a lot on change management and work-life balance issues.  What’s your take on work-life balance?  Can it be done?  If so, what does success look like?

LISA S: Work-life balance is highly individual and the challenge comes when an organization decides to make this a corporate value or to impose work-life balance requirements across the board. For some, working 35 hours per week is work-life balance, preferring more “life”. For others, believe it or not, 70-80 hours per week is work-life balance, preferring to shift the emphasis to “work”. Neither of these are wrong, and it is difficult, if not impossible, for a corporate strategy to accommodate and support both. The best way to tackle work-life balance, I believe, is through individual attention. It is incumbent upon the management and leadership of a company to somehow craft a method through which managers are empowered to enable work-life balance for each individual team member. This is often not done because of the perception of unfairness – that someone who is working 35 hours is “getting off easy” compared to the person who is working 70, but if the work is getting done to high standards, and communication is clear across the team that there is organizationally-approved individual choice at play, then the discomfort with the apparent “unfairness” should be minimal.

LISA C: When a new, ‘big thing’ gets implemented in the workplace, how can we use early adopters to support change management success?

LISA S: Turn your early adopters into Change Champions. And cultivate early adopters who are the informal leaders in the organization – the people who work next to your potential change recipients, the people who are respected and recognized, the people who are good communicators and represent the organization professionally. Give those Champions training on how to be Change Champions – teach them about the project, seek their input and feedback, help them craft messages to send to the larger population.

LISA C: At the Queen’s School of Business, you facilitate the process of new MBA students becoming a team.  When these teams are ‘norming’, what’s the most interesting dynamic you see?

LISA S: At the QSB, we have teams actually create norms documents – what are the guidelines or rules by which they will operate as a team in the MBA program.  So, when teams are writing their norms in the MBA programs, there tends to be a great deal of harmony and alignment – most students come into the program as professionals with a certain work ethic, and so the norms creation process tends to be smooth, if a little wordy. However, what truly distinguishes the “high performing teams” from those that are just average is how the teams make use of their norms. The higher performing teams not only live their norms, but they openly and intentionally discuss the norms. They create times to actively review the norms documents that they created, and the team members intentionally refer to the team norms during debriefing sessions, working meetings and individual conversations with other team members. For these strong teams, the norms are meaningful and incorporated into the team’s DNA. For less effective teams, the norms are, at best, words on a page and, at worst, ignored entirely after their creation.

Thank you Lisa for participating in our interview series.

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I Just Laid Off 3/4 of My Team, Now What?

Bob VandePolToday’s economic situation is serving up record unemployment rates, continued job losses, and lots of fear.  Hurricanes, school shootings, and terrorism fills the news.  A friend of mine recently laid off 3/4 of his team, and he’s trying to inspire the survivors who feel like soon-to-be-victims.  Leadership in times of crisis is hard.

This week’s interview is with Bob VandePol, President of Crisis Care Network.  He helps leaders respond to crises in the workplace.  If you’re looking for a dose of resiliency, read on.  Bob has a special way of helping leaders step up in times of need.   There’s no better time than now.  Everyone is watching.

LISA: As President of Crisis Care Network, you’re in the business of getting people through tragedy. How can leaders help create calm amidst chaos?

BOB: The silence can be deafening. When tragedy strikes an organization, leaders experience that daunting split-second upon entry to the scene when all eyes in the room immediately lock on to them. Some eyes are tearful, some hostile, some avoidant, some hopeful, some frightened, and some a million miles away. All are asking questions: Can she help me? Does he pose yet another threat? Does he know his stuff? Does she really care? These questions must be quickly “answered” correctly because both tremendous opportunity and serious risk for individual and organizational recovery are at stake. The moment is pivotal. The pressure’s on.

To illustrate, when a high school football player is injured on the field, the student trainers sprint to his aid. Not the doctor. She or he confidently and purposefully strides onto the field in a way that communicates professionalism and control. Quick — but not in a hurry. Sprinting with the trainers or remaining on the sidelines would trigger panic in every seat in the stadium.

Like the team physician, leaders must be prepared to convincingly present that they care plus a quiet confidence in their expertise. Individually and organizationally, recovery is facilitated when the leader can acknowledge the personal impact upon involved people while at the same time transitioning them to next steps. He must embody and communicate the transitions from chaos to structure and helplessness to effective action. Those watching must witness a confident, competent person who doesn’t minimize the effect of the incident but communicates an expectation of recovery.

LISA: The current economic crisis leaves many MBAs fearing job loss or worse. How can we make the best of a situation that seems harsh and prolonged?

BOB: Last Autumn, Crisis Care Network was heavily engaged in response to the ’08 hurricane season. Hurricanes and the resultant floods are additionally difficult simply because recovery takes such an agonizingly long time. Often, the greatest source of stress is not the incident itself but having to deal with immense, protracted logistical tedium when not at one’s best. The current economic crisis carries with it many dynamics comparable to the impact of a flood: financial ramifications, a sense of powerlessness, an undefined target for attributed blame, and an expanded time frame minus a definable endpoint.

Becoming preoccupied with that which we cannot control only drains us of energy and adds to the frustration. It is important to engage in those activities that are in our control and give immediate results, i.e. keep busy, focused, and productive on today’s job. Research has shown that after a natural disaster those who actively engage in purposeful tasks fare better emotionally and physically than those who withdraw or become passive and apathetic. Exercise, rest, and good nutrition at times of high stress are effective strategies to avoid exhaustion and are activities most people have control over, reinforcing a sense of self-efficacy. Focus upon that over which you DO have control, rather than that over which you have none.

LISA: You speak professionally about leadership during times of crisis and how leaders determine the trajectory of workplace responses. Tell us a story about a leader who did this well.

BOB:  The incident was a double homicide/suicide in the parking lot of a large manufacturing facility. A dozen employees witnessed the shooting deaths of two co-workers, ducked behind cars to avoid bullets aimed at them, and then watched the shooter turn the gun on himself. Hundreds of additional co-workers did not witness the event but were understandably shaken.

The CEO was a brilliant businessperson but obviously well outside his training, expertise, and comfort zone. Fortunately he realized 1) that his employees were going to go through this tragedy with or without him – so he led them! 2) that he needed to listen to crisis response experts, and 3) that his people needed him to be himself as he stood before them.

He led visibly and used a crisis communication model as taught to him. The ACT model provides a structured process to facilitate individual and organizational recovery.

Acknowledge and name the incident

  • Have an accurate understanding of the facts and avoid conjecture.
  • Demonstrate the courage to use real language that specifically names what occurred.
  • Acknowledge that the incident has an impact and that individuals will be impacted differently.

Communicate pertinent information with both compassion and competence

  • In these situations leaders must “know their stuff” in a caring way. Being prepared helps mitigate one’s own anxiety and supports the presentation of quiet strength others need at this time.
  • Training, preparation, and practice facilitate a calming, “unscripted” response in which the leader is less likely to make anxiety-driven mistakes and more able to demonstrate caring behavior.

Transition

  • Sensitively transition to a future focus.
  • Communicate an expectation of recovery. Those impacted must gain a vision of “survivor” rather than “victim”.
  • Help identify and facilitate access to the individuals’ natural resiliency supports – both internal and external. Encourage “return to work” and “return to life” normalcy firmly and flexibly. Problem-solve practical solutions, but not in a way in which people feel that their productivity is more important than their personhood.

Although the incident was tragic and impacted many people, the CEO led in a way that facilitated a renewed sense of community, support, and motivation.

LISA: What can we do to prevent a post-crisis meltdown in an organization?

BOB: Yes, leaders must focus upon return to productivity via business continuity plans to address IT, infrastructure, power, etc. but should not forget their people. As quoted by Marsh Crisis Academy (2003):

There is no business recovery without people who:

  • Are healthy enough to return to work and be productive
  • Are assured enough of their safety to not feel afraid to return to work
  • Have had their trust in the leadership established so that they desire to return to work
  • Have had their loyalty rewarded so they remain employees over the short haul and the long haul

LISA: Hurricane Ike got a lot less press in 2008 than Katrina did in 2005 or the Indian Ocean Tsunami in 2004. Do you think that we get fatigued by repeated tragedy? If so, how do we not turn into disinterested fellow humans?

BOB: I’m not certain that media coverage is an accurate indicator of compassion but rather of financial opportunity. Tragedy plus any controversy sells papers. I think that “over-coverage” of the initial event can predict under-coverage of those that follow. Likewise, the relative disparity in coverage between the shootings at Virginia Tech and Northern Illinois probably did not mean that people cared less about the second set of students. But they were second!

When listening to the radio traffic report, the definition of a “minor fender bender” is one that happens to someone else! In these days of instantaneous, intimate media coverage of worldwide tragedies we can prevent desensitization and resultant disinterest by getting personally involved in finding solutions. Volunteering to feed the hungry, shelter the homeless, and protect the abused makes it personal and keeps us in touch.

There is no greater honor and no greater responsibility than to be there for someone on the worst day of their life.

Thank you for the interview, Bob.

For more information on the Crisis Care Network, visit their website.  To get more of Bob, consider hiring him as a speaker at your next event.

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MBAs are Only As Good As The Person Holding The Degree

Chris PopeSo what do you think? Is an MBA or a PMP certification enough to impress executives at your company?  Look for one compelling argument in this blog post.

This week’s interview is with Chris Pope, a dynamic New Zealander who founded The Valde Group.  Chris has been published in Fast Company and CIO Magazine.  If you want practical tips for making your projects more successful, read on.

LISA: You’re an expert on “projectizing.” Tell us what that means and how it helps organizations take focused action.

CHRIS: Many executives go through the “strategic planning” exercise, however the organisational strategy is nothing more than vague statements of aspiration  without any real-world application.  By “Projectising” the strategy, we bring it from a “big idea” into operational reality by treating it like a project.  We break strategic goals down into tangible outcomes, then identify the deliverables and activities that are required to achieve them.  The key is to always ask the question – “What does ‘achievement of your organisational strategy’ look like, and what does it take to make it happen?“

LISA: When it comes to strategic planning, what is an area that companies need to spend more energy on?

CHRIS: I think that companies need to spend more time on three things:

  • Defining the tangible / measurable success factors
  • Aligning operational activities and projects to strategic objectives (Asking “How well does this project or activity help us achieve our strategy?“) In fact, this should be the criteria upon which Projects are approved and prioritised.
  • Establishing strong executive review and performance management processes throughout the year.

LISA: You have a PMP certification in Project Management. Many of our MBAs debate about whether to attain additional certifications. What is your opinion on the value of professional certifications – both the learning process and the perceived value by clients and employers?

CHRIS: My experience is that the certification is only as good at the person holding it.  Success calls for strong leadership, decision making and  communication skills and no professional exam has been able to certify these.  As for the PMP, I have found that it a good indication of someone’s dedication to the project management profession.  It requires significant knowledge and experience in the profession in order to attain it.  It is also  respected by employers – professional project management certification (PMP or PRINCE2) has become a pre-requisite for many positions.

LISA: When a project team is thrown together quickly, how do you go about building team dynamics for healthy interactions?

CHRIS: That is a great question!  I do several things to build a strong team:

  • I respect the team’s knowledge and skills – I make it clear that as a project manager, my job is to facilitate the best result from the team – I am not the technical expert – they are.
  • Keep the team focused on the goal of the project and how it will add value to the organisation!  By focusing on the goal of the project and the benefit to the organisation, this gives the team clarity and purpose, while keeping their morale high as contributors to something great.
  • Clearly communicate – Open, clear, and honest communication is key to winning the trust and respect of your team.
  • Be Pragmatic – I always ask two questions – What is the Goal? And What is the most efficient and effective way to achieve it?  Projects are all about delivering benefits to the organisation – not following process.  If an activity does not add value or deliver the benefits – why are we doing it?
  • Encourage risk-identification – Too many people try to avoid raising risks, and by doing so make them worse.  I always encourage my team to raise risks early so that we have more time to mitigate them.

LISA: We’re a global group, and we love learning about doing business in new places. Tell us something unique about the culture of New Zealand.

CHRIS: New Zealand is a great place to live and work.  Generally, people in business are pragmatic.  They are willing to give something a try and if it does not work, try something else.  Many Kiwis work overseas in larger companies and then bring that experience back to New Zealand.

Thank you for the interview, Chris.  I know my next project will be better if I use these tips.

Chris Pope is known for helping organizations in crisis and for rescuing failing projects.  To learn more about Chris, check out his articles or his company,  The Valde Group.

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Manage Your Projects with Agility

Kevin AguannoProject Managers unite. If you’re a PM, you found one of the world’s leading experts on Project Management in today’s interview. Kevin J.J. Aguanno is a certified PMP through the Project Management Institute, and has influenced they way work gets done at international companies such as IBM.

He’s a best selling author and project management guru of gurus. If you’ve never heard of “agile project management,” you’ll learn about it here. And for the global business MBAs out there, he offers a mini-lesson on Canadian culture and business.

LISA: How can we cut through red tape when our project approvals and processes feel buried in bureaucracy?
KEVIN: I get called in to do a lot of troubled project consulting. In doing so, I get to meet a lot of senior executives who are burdened with these failing initiatives.

Once I assess what is wrong, I make some recommendations for turning the project around that usually require significant deviations from the processes the organization was already using. Clearly, when “the way we do things around here” is not working, doing more if it will not help the situation. I point out how some of the existing processes have contributed to the troubles in the project, as not every process step is relevant to every project. I make a convincing case for why specific processes need to be modified in order for the project to succeed. Almost without exception, all of my recommendations are adopted.

What is most interesting about this is that many executives comment that, once I explained why the standard processes were not adding value to this specific project, it was a “no-brainer” to grant a process exemption or bypass. Many say that they know that their organization’s procedures can seem bureaucratic and that they shouldn’t apply in all situations, but that no one has ever come to them before asking for an exemption. These executives confirm that having a solid explanation is the key to getting a bypass approved.

Try to understand the reasons why a process was created in the first place, and why it is set up the way it is today. With this understanding, you can present a case showing that the issue does not apply in your case (and therefore you don’t need that process step) or that you have dealt with the same underlying concerns in a more efficient way.

Don’t just go off and break the rules – that is a sure way to get in deep trouble. Rather, present a reasoned, compelling case and you’ll be surprised at people’s willingness to bend the rules.

LISA: If you’re pulling all-nighters trying to bring project success, how can you get a better handle on personal and project effectiveness?
KEVIN: While there may be some occasional times where we have to work evenings or weekends, this should never become a habit. It is comical how many times I see project schedules built that plan to have people working 12 or 14 hour days – I’m talking about the original schedules. Often, these plans are put in place to deal with tight project delivery dates.

What is so wrong about this, is that if you schedule overtime from the start, what do you have as a fallback position if things go wrong? You should always build plans with people working normal 7-10 hour days (whatever is normal for your industry). Then, when things inevitably go wrong later on in the project, you have overtime as a fallback position to help you get back on track.

You see, when people are burning the midnight oil for days (or weeks!) on end, they become mentally and physically fatigued, resulting in people who are less effective, working more slowly, creating more errors, and not thinking clearly. It is a false assumption that working people longer and harder for days on end will result in a quicker delivery of value. Yes, their volume of work may go up, but the quality and usefulness of the work may greatly suffer.

If you find yourself in such a situation, stop. Take a deep breath, and look around you – objectively. See if your team is making meaningful progress under the circumstances. You may find that your extra efforts are not really improving the delivery schedule anyways, and adding additional resources or building a realistic schedule would be more helpful.

LISA: What are some ways to reduce scope creep without coming across as Dr. No?
KEVIN: Strangely enough, one of the best ways to manage scope creep is to stop fighting the changes. The concept of “change control” is a myth – we cannot control change. Business priorities shift as new directions come down from top executives, competitors beat us to market, government legislation changes, or new technology fails to deliver on its promises. There are countless reasons for change to occur on a project, and nearly all of these are outside of the control of the sponsor or the project manager.

By embracing change, the project sponsor and the project manager can enter into a collaborative discussion about how to adapt to the most important changes, while still meeting project goals. To do this, we need to understand the business case drivers. Perhaps cost isn’t the issue, but timing is; in this case, we would add additional resources to deliver the needed change without impacting time lines. If both cost and timing are constraints, then the sponsor and project manager enter into a discussion about the prioritization of work, dropping something less important to make room for the required change.

What I am talking about here is developing a more open, collaborative relationship between the business sponsor and the project manager. With a mutual understanding of the business case behind the project, together they can maintain a viable delivery plan, even in the face of change. Strategies are further detailed in my audio book Managing in the Face of Ever-Changing Requirements.

LISA: How can we improve ROI on high-change or high-risk projects that we’re leading?
KEVIN: Currently, one of the best practices for high-change projects – ones where scope creep is at risk of derailing the project – is to use agile management methods.

In agile methods, projects are broken down into many short phases (called “iterations”) most commonly lasting 2-4 weeks long. Each iteration is treated like its own tiny project, with a fixed scope and time line for that individual iteration. Changes are welcomed throughout the project and get immediately added to a “backlog” of project requirements/features. Then, at the start of the next iteration, the backlog is re-sorted to reflect the current business priorities and the top few items are selected as the scope for the upcoming iteration.

The total possible scope (as reflected in the backlog) can expand continually, but through the reprioritization process, only the most important items get built in any given iteration, ensuring that the project is focused on delivering maximum business value. A short, simple work authorization or change authorization form lists the items to be completed in the upcoming iteration; this acts as the audit trail for the formal change management process.

At the end of any iteration, the project sponsor can stop the project because it is (a) out of time, (b) out of money, (c) been canceled, or (d) has delivered “good enough” value. Good enough value means that the maximum ROI has been achieved – all of the must-have items have been completed, and a critical mass of the should-have items, leaving only low-priority ones left. Expending further investment at this point would be an inefficient use of capital.

A good deal of my best-selling book “Managing Agile Projects” deals with this very issue. The book explains agile management from a business perspective, explaining the risks, benefits, and trade-offs entailed when adopting agile methods.

LISA: Our group loves global business, and you’re based in Canada. Teach us something unique or interesting about doing business there.
KEVIN: One of the interesting things about Canada is its incredible cultural diversity. The country started as a merging of English, French, and aboriginal peoples, in a uniquely Canadian way that encourages them all to maintain their native languages and cultures. Since its inception, Canada has welcomed vast numbers of immigrants from all corners of the world. With our celebration of our multicultural roots, we have encouraged newcomers to maintain their linguistic, cultural, and religious heritages while embracing the Canadian values of tolerance and respect for differences in others.

In our largest cities, you can find people from all over the world. In Toronto alone, there are over 170 languages spoken on the streets, with businesses and government offering services in many of these languages. Visitors to Canada feel that they are in a safe environment, no matter where they are from, and are free to be themselves.

This pervasive focus on diversity has strengthened Canadian businesses as they have access to new perspectives and employees with experience working around the world. Americans find that they are comfortable dealing with Canadians as our closest trading partner, yet they also notice that many of our cities also have a European feel. Canadian exporters take advantage of our diversity to open new markets internationally.

If you want to learn more from Kevin, subscribe to the free AgilePM Newsletter. This email newsletter comes out once per month and is filled with tips, articles, book reviews, and notices of free teleseminars, as well as some huge discounts on agile-themed books and courses available only to AgilePM Newsletter readers.

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IAMBA Membership

Your Membership Benefits
Your membership includes over 10 benefits that bring real ROI to your career and personal development. For the same price as most one day seminars, you can become a full member of the International Association of MBAs and reap infinite connections and insights.

Specific benefits include:

  1. A print copy of Liz Lynch’s book Smart Networking: Attract a Following In Person and Online. The IAMBA wants you to experience unlimited opportunities in your career and business. Liz writes the official guidebook for building business relationships in a wired world. She demystifies the process and puts strategic systems in place that build connections worldwide and attract opportunities 24/7. The book taps into strategies for both face-to-face and online networking that can expand your circle exponentially.
  2. A complimentary monthly pass to a live teleseminar with business experts and published authors on topics such as Starting a Business, Improving Your Business Influence, Savvy Networking, Career Transitions, Social Networking, and more. These seminars retail for $29-$199, and as a member of the International Association of MBAs, your registration is free. Not only will you have live access to interact with the industry experts, but you can also listen at your convenience. A downloadable audio file will be sent to you so that you can enjoy the learning experience even if you cannot attend the live event.
  3. A copy of our audio program, Ten Strategies for Landing Your Dream Job, featuring career coach Shannon Goodwin. Shannon is the owner of Rise and Shine Consulting. She coaches MBAs and executives who want to boost their careers and love their work. We help you ignite your passion and achieve your goals through this enlightening experience with Shannon.
  4. Receive MBA News, our monthly newsletter written by MBAs for MBAs. This publication is full of practical tidbits that you care about. Each month, you’ll learn what fellow members are accomplishing in the business world. You’ll also see a concise feed of MBA-related news and commentary. Stay current on the business world the easy way.
  5. An instant global network through the members-only LinkedIn group. Receive support, expert advice, and industry resources. Post information about yourself when you’re looking for clients or new roles. Find jobs on the discussion forum. Share best practices with other intelligent MBAs like you. Because it is a members-only group, you won’t waste your time with spammers. 
  6. Access to business experts, authors, and executives. These contributors to our blog interview series have made a special agreement to respond to IAMBA member comments on the blog forum. After reading these interviews, you can get direct access to experts who might ordinarily be out of reach.
  7. Get noticed in the business world. Members are encouraged to share their career news, business startups, book launches, blog launches, and new product offerings through the MBA News publication. Receive international visibility every time you have a business accomplishment.
  8. Participate in exclusive consulting opportunities. This benefit could be priceless to your career. Fortune 500 companies and consulting firms partner with the IAMBA to give you a resume boost. They offer consulting projects that you can apply to participate in, similar to your capstone work. They are small-scope projects that you complete pro-bono. They select exclusively from IAMBA applicants, which keeps the pool extremely narrow. In exchange, they boost your resume and credibility. Their projects expand your pedigree, your professional network, and your career experiences. 
  9. Enhance your resume through your affiliation with the International Association of MBAs. Recruiters are attracted to candidates who demonstrate leadership through participation in trade associations and memberships. Why not join one with a diverse group of big thinkers who can help you reach your career goals? 
  10. Connect with top employers. According to WetFeet.com, only 5% of professionals are not willing to consider another position; most of us are passively willing to consider options at any time. On the IAMBA website, employers can advertise their career opportunities meant only for MBAs. Make life easy on yourself, and let targeted jobs land in your lap. 
  11. Develop connections by using strategies in your booklet I Earned My MBA, Now What? 101 Ways to Get Noticed. MBAs are practical and bright. This publication is formatted in a way that you can pick it up throughout the year and grab a few tips to implement today. Everyone wishes for more visibility in their field. Let us help you get there.

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Is Getting an MBA a Smart Way To Develop Yourself While Layoffs Abound?

I read Penelope Trunk’s blog every day.  Yep, she’s brazen.   Today’s post suggested that you shouldn’t dodge the recession by going to grad school.  She says that grad school is full of depressed losers who can’t find a job and want to delay their adulthood.

My experience with fellow grad school students was different.  Business school was full of ambitious, bright thinkers.  The program applied to our day jobs, and it broadened the way we all thought about business.   If you think that the letters M-B-A make for a magic career carpet ride, I guess she is right.

That’s not the case for the MBAs I know.  What do you think?  Is the Brazen Careerist right, or are we a little less shallow than that?

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It’s Not What You Said, It’s What They Heard That Matters

Shari FrisingerThis week’s interview is with Shari Frisinger, President of CornerStone Strategies, LLC. Shari is a dynamic, energetic Type A personality that has learned over the years to view failure as a success stepping stone and friction and conflict as opportunities to expand her horizons.  Not one to hold back, she achieved her Black Belt in TaeKwonDo in two short years, and her Masters in Aeronautical Science, with no formal aviation background, in a short 27 months.  A keynote speaker, trainer, coach, consultant and blogger, her topics focus on clear communications, “captainitis” and reducing frustrating friction.

Have you ever felt like you lost a little of who you are while trying to conform to a work culture? Have you ever wondered how to quickly find the decision maker in the room?  Have you ever felt like introductions at networking events are boring?  If so, read on.  Shari’s advice touches on all kinds of workplace tips that can sharpen your game.

LISA: Most professionals have heard of an elevator speech.  You give it a new twist by facing the reality that a stranger might be thinking “so what, who cares.”  How can we get started in crafting an introduction that feels more relevant to our audience?

SHARI: Craft an introduction that feels more like a conversation with a headline … start with a powerful fact or question.  That will get your listener’s attention for two reasons:  it immediately connects them to you and they are expecting the typical “Hi My name is ….. my company is …. We do …”so it is a jolt to the routine.

Follow it up with one or two supporting statements that they can easily relate to.  Then your name, company name and tag line or powerful last statement.   Most people start with their name and their company … put the focus on themselves.  Your elevator speech, to be effective, needs to be about the other person – how and why they need what you offer.

LISA: You wrote an article on asking questions to build rapport.  How can we use questions to better connect with new people in our networks?

SHARI: Asking questions shows interest in and respect for the other person.  It’s also a great way to learn about things we don’t regularly hear about and expand our boundaries.  Questions such as:  why is that? Why not? How so?  Really? What does that mean?  What would the result be?  What did you mean when you said …? [be careful in asking this that you are not sounding defensive or accusatory].  You can even repeat one or two of their words in a question format – words that seems to resonate with them.

Nearly every closed question can be rephrased to an open question: “How was your evening?” Can be changed to “What did you do last night?”  “How are you?” can be modified to “What’s the most exciting [or best] thing that happened to you today [or recently]?”  Any question that keeps the other person talking and keeps you both engaged is the perfect one to use.

To ensure what you heard is what they said, you can ask “Are you saying …”, “If I heard you correctly …. is that correct?”  Look at it this way, showing interest in the other person may generate business.  It can be the beginning of a new friendship or business relationship.  They will think very highly of you because you listened to them by asking them questions.  You may even help them solve a nagging problem!

LISA: How can teams better identify each others’ strengths and play to them?

SHARI: Realize that we have our own strengths and the value in teaming with others whose strengths are our weaknesses.

There are several ways to identify strengths:  in a meeting, look at the interactions between team members.  Who talks the most?  Who takes charge?  Who is quiet and consistently takes detailed notes?  Who asks the detailed questions?  The people that ask ‘why?’ are generally technical or subject matter experts.  They deal with facts, figures and information.  The people that ask ‘when?’ are task and bottom-line oriented; they are the ones that will take charge of the meeting.  Those that ask ‘who?’ like to be in a group of people and want to know who they will be associating with.  Those that ask ‘what?’ will perform the bulk of the work, and will be sure nothing slips through the cracks.

No one enjoys doing things they don’t like to do or are not good at – whether it be detail work, energizing the team, taking the lead or staying low key and consistently doing what needs to be done.  High performing team members realize that diversity in team members’ thinking processes is critical to the success of the team, the company and even the individuals on the team.

LISA: You teach that what we say isn’t necessarily what the other person hears.  What are some ways to bring better clarity?

SHARI: We all know about active listening.  Active listening is really a misnomer – if you are active, you cannot be fully engaged and listening.   Yes we need to tune out distractions and yes we need to ask the questions.  We also need to paraphrase: mirrored thinking, reflective feelings or simplifying.

Perhaps the most under-utilized way to bring better clarity is to “tell your why” –  the reason you are asking.  Take a minute or two to explain yourself – what you’re thinking, what your perspective is, the path your mind has taken you to get to you to where you currently are, your thought process:  give some background so your listener understands where you are coming from and your perspective.

For example, you are in a meeting discussing the merits of a proposed change.  Someone says “we tried that before and it didn’t work.”  Seems like a closed discussion.  If you try and force your decision, a heated discussion could ensue, or frustration on hitting a brick wall.  If the other person would add why it didn’t work, a meaningful discussion could develop, resulting in a brainstorming session and greater clarity of both communication and thought processes.

LISA: Many MBAs fear failure.  We’re high achievers or perfectionists.  Give us an example of a failure that turned into an invaluable life lesson.

SHARI: Many years ago I was approached by a local training company to train for them.  Knowing I would have to go through quite a rigorous training schedule [attend their ‘how to give presentations’ session, attend the class, assist the full-fledged instructors several times, go through two competency tests, train with another wannabe instructor, solo train with a seasoned instructor watching, then ‘graduating’ and training on my own] would take approximately two years and my own company sales would suffer, I decided to give it a try.

After nearly a year of training, I passed the first competency test with flying colors.  On to the next part, which was to be certified to train one particular course.  During this section, the trainers were more adamant that trainees follow their ‘culture’ which included: how to stand, how to talk, how to smile, how to interact with the participants, how to walk, how much time to spend on preparing for each session, when to sit [never!] and when to drink [subtly and only on a break], how much time was allocated for each portion of the class and how to dress [formal suits, preferably with a skirt and not pants].

It also included knowing everything about the participants that they wrote on their initial forms and how to cut discussions short.  We were told to never ever go more than five minutes over time, and it was expected that instructors are in class at least one hour before class and stay for 30-60 minutes after class.  All in all, it amounted to about 25-30 hours per week of my own time I was donating.

It was shortly into this portion of the training program that I felt I had lost my ‘essence’, my personality.  I was much more constrained, felt less genuine and terrified I would not give the proper encouragement to the participant, or focus on the critical element of their talk.  During the preparation for the final training, I asked the master trainer a question to help me better understand how I could give a particular set of instructions in ‘their’ method.  He accused me of being defensive and wouldn’t answer my question.  During my review, I got zinged quite hard on that and they refused to let me train by myself.  I had to go through co-training at least one more time.   Reluctantly I agreed.  That was a huge mistake.  The stress manifested itself physically and mentally, plus my own company’s revenues continued to decline as I was spending more and more time ‘volunteering’ my time to this training company.  All of this was done without pay.

After co-training again, I was told I still was not good enough, and I would have to train at least once more, probably twice more [without pay] with a seasoned instructor sitting in the back of the room ‘grading’ me. In essence, I had failed again.   It was at this time that I realized I had sacrificed too much of my own core personality and I lost my confidence in my own abilities.  I decided I would not complete their training process.  I could never be the straight-laced instructor they needed.  I decided “I am who I am” – animated, high energy, excitable, not all-perfect and although cognizant of time not time-bound.

My uniqueness was the best part of me.  I need an environment where my enthusiasm and animation are appreciated – and welcomed.  It took me years, literally, to get “my style” back and have my true personality emerge.

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Thanks for the interview, Shari.  To read more about her, check out her company and her communications blog.

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Top 100 Global Business Schools in 2009

Today, the Financial Times released the 2009 rankings for MBA programs around the world.

Check out the article here.  Wharton and London Business School tied for #1.  There are some new ones like the Indian School of Business.

Which ones surprised you? What trends are the new entries making?

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