Monday, September 26, 2016

Kuching - a good surprise

Everyday, new topics for blog posts come up to my mind. Also everyday, I find cooler stuff to do, rather than writing a blog post. The exception is when some kind of cool social event happens. Then, I rush to write a blog post.

And this is why I am now writing a blog post about last weekend, although I should be studying for my Financial Accounting midterm tomorrow morning.

This weekend, around 40 INSEAD 17J students decided to spend a weekend in Kuching. This was actually the first trip many of us booked, just because it was the cheapest flight destination available. None of us had high expectations. However, all of us were quite happy to leave Singy for a few days.

When we started planning the trip, we were less than 10. When we started trying to book an Airbnb, we were less than 20. When we closed the housing deal, we were already 30. The 10 extra 17Jers ended up getting another house for themselves.

Guess what? We all met at the airport on Friday late afternoon, knowing that we were heading to a random place in Malaysia - not really touristic, what so ever - to share a house with 30 people and to do God knows which activities.

What we weren't expecting was that it would be such a cool weekend!!!

The house actually could fit 30 people. All of us had a decent bed. I shared a room with 5 of the 10 girls who were staying at the house, most of them already quite closed to me. We negotiated with a local guy for transportation, breakfast at home, dinner at a typical place, and even some outdoors activities. We just had to pay (and not really much money, as Malaysia is significantly cheaper than Singapore), and he took very good care of us.

We found a very decent bar, where we had probably the most fun night of our INSEAD so far. We went for a hike in Bako National Park. We had a failed attempt of exploring the "city" - there was absolutely nothing to be seen or experienced. We had a typical seafood dinner in an old outdoors foodcourt. We had quite a few drinks again, first at home and then at "our" bar. On Sunday, with most people struggling to wake up, we ended up going to the beach. We swam, we ate, we saw monkeys and orangoutangs. We bounded a lot. We made fun of each other. We laughed at cultural differences, told stories and shared experiences. We all came back extremely impressed with how much fun we had, especially having arrived in Kuching being prepared for the worst.

It is quite impressive how 30 people from around 15 nationalities had such a smooth and fun weekend. Portugal, Spain, France, Italy, Germany, UK, Hungary, Romania, Slovakia, Poland, Russia, Lebanon, Israel, Brazil, USA. And there were extra 10 people hanging out with us but staying at another house, from other countries too.

It's time to review Accounting.

Love,
Marta



























Saturday, September 17, 2016

The Kenneys' treats

Do you remember my times in California? Do you remember Alex Kim? Yup, that's Pedro's best friend. And do you remember Alex's golf buddy/ sponsor/ second dad, and his family? In case you don't, let me tell you that those are The Kenneys.

Mr and Mrs Kenney (Dave and Jill) have 4 kids. Their youngest kid just kicked-off her undergrad degree at University of Alabama, which means that they are "free". To celebrate such "freedom", why not doing a 72-day world tour? Yup, that's what they decided to do. Starting in their hometown California,  The Kenneys have already stopped or will still stop in Bora Bora, New Zealand, Singapore, Japan, China, Hong Kong, Dubai, Amsterdam, and Miami, among others, and then take the Panama Channel to go back home.

As soon as we understood we would be in the same place at the same time, we decided we had to meet. We met yesterday at The Fullerton Bay Hotel, for drinks at Lantern Rooftop Bar and dinner at The Cliford Pier. Yup, faaaaancy. As if that was not enough, we met again today at the Raffles Hotel. The Kenneys took me on a private boat trip in the city channels, where we saw Clark Quay, Robertson Quay and the entire Financial District and Singapore Bay from the water. They took me then for lunch (delicious local seafood) at Palm Beach, by the Bay. To end the day in style, we went to Tanjong Beach Club in Sentosa Island to chill a bit.

They even invited me to join them again for drinks and dinner at Cé La Vie. I was tempted to accept, but then I realized that being a tiny bit ceremonious would probably be more adequate.

So here I am, at home, on a Saturday late afternoon, writing this post. My heart is full. Whenever you are away from home, it feels even better to see familiar faces and receive some love. The Kenneys treated me as if I was their daughter, and I am ever so thankful for that. We had some great laughs.


















Thursday, September 15, 2016

A personality check

School had still not started and I was already filling endless surveys for my Organizational Behavior I class. Now, over two weeks over the MBA program, we have already received most of the results back, and there’s one report I can’t help sharing with you.

NEO-PI-3 report aims at analyzing one’s personality and providing hints on how one could become more effective and more prepared for future opportunities. The results are based on patterns of scores, and interpreted by a team of management phycologists. I was incredibly impressed with how much this report matches my personality.

Having said this, I will underline a few quotes and share the graphical part of the report with you. Please let me know what you think about this. And sorry for such a long post…

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

“When your distinctive characteristics work on your advantage” (+++) and “… on your disadvantage” (---)

   ++ Your self-discipline keeps you clearly focused on the task at hand. You do not let yourself become distracted from your assignments. Once on a task, you require little supervision.
   - - Your strong self-discipline may be viewed by many as too rigid and narrow. You may place unrealistic expectations on yourself and others, and thus stress yourself and others needlessly. You may be so focused on completing the task at hand that you may fail to see the need to change course midstream.

   ++ You are an easy-going person who resists provocation and is slow to anger. Others will seldom see you frustrated, irritable, or impatient.
   - - Seldom experiencing anger and slow to become frustrated, your easygoing nature can be interpreted as disinterest, misunderstanding, or lack of conviction. Consider communicating to others your understanding of the issues.

   ++ You do not let things get you down and seldom become discouraged or dejected. You might be a good cheerleader for your group.
   - - Your upbeat nature may be seen by some as naive or insincere. You run the risk of ignoring danger signs and you may come across as unrealistic.

   ++ A person with strong self-control, you resist temptations and will rarely allow impulses to override your judgment. You are probably well-suited for assignments where steadfastness is essential.
   - - Highly self-controlled, you may appear to lack a sense of spontaneity and fun. You could probably approach a greater array of situations with a willingness to trust your intuitions.

   ++ You have faith in your coping skills and in your ability to think clearly and deal effectively with difficult and stressful situations.
   - - Characteristically unflappable under stress, you may be viewed as unrealistic and lacking an objective appraisal of things. You may also be impatient with worriers. You might want to question more frequently whether your confidence in particular situations is founded on fact. You probably need to give more consideration to the potential downside consequences of your proposed actions.

Your problem solving skills

You are reasonably well-organized and methodical in your approach to resolving problems. Very self-disciplined, you are steadfast and persistent in your pursuit of appropriate solutions to the problems facing you. You try to balance the need for a quick decision with thoughtful deliberation in resolving problems.

You will usually speak up rather quickly once you have arrived at a conclusion. You see yourself as a capable individual. You are ready to take on most problems with confidence. You are resourceful.

Your planning, organizing and implementation skills

You are much more easygoing and slower to become frustrated than most people, even when things are going in the wrong direction or are progressing slowly. However, others may see you as overly complacent or disinterested. You are active and energetic. Your pace, however, will be misinterpreted by some as being pushy. You may not take enough time to celebrate or reward accomplishments. Seeking novelty and variety, you often become bored with the familiar and routine. You are adventurous and versatile, and will be viewed as an interesting person who is often involved in a wide variety of activities.
You have a strong drive to achieve success. You maintain a keen sense of purpose and are diligent in the pursuit of your goals. You are industrious. You will discuss some issues in an open and frank manner, but at other times, you will be more guarded in expressing your true feelings. Sometimes compliant in the face of confrontation, you can also become demanding and competitive in some circumstances. You are generally balanced in your concern for others and your concern for the task at hand. As optimistic as most people, you see both opportunities for action and causes for delay in your situation; you try to take a balanced appraisal of the matter and the need to act.

Generally feeling competent and well-prepared, you are typically confident in your ability to deal effectively with work and life. As a person who pays attention to your conscience under most circumstances, you follow your moral code closely. In most instances, you can be counted on to carry out your assignments dependably. You are neat, tidy, and generally well-organized. You prefer to have things in their proper place. You will be seen by others as methodical and orderly. However, you may sometimes become distracted by small details that seem out of place and then lose focus on the big picture. You are reasonably cautious and deliberate in your approach to most things, although at times, you may act spontaneously. Despite boredom and distractions, you have a keen ability to begin complex or mundane tasks promptly and carry them through to completion. You have the ability to motivate yourself to get the tough jobs done.

You are intellectually curious about a wide variety of topics, ordinarily open-minded, and willing to consider new or unconventional ideas and methods. You will be viewed by some as imaginative, curious, insightful, and inventive. You may also be seen as somewhat idealistic. Your approach to your work environment and your assignments will sometimes reflect your appreciation for artistic things. You are usually willing to question your own and others’ assumptions and authority, but in a constructive and objective fashion as opposed to a rebellious or disruptive manner. You can be expected to bring new insight to situations.

Your style of relating to others

You like people and rather easily form close bonds with most people you know. You are customarily friendly and relate warmly to most people. You are usually seen by others as affectionate. You enjoy the company of others and will come across as outgoing and gregarious most of the time. You thrive in most group settings and may experience some frustration if required to work alone. You usually like to be in control and have your views heard. You strive for a position of leadership or influence in most situations. You feel confident and effective in most social situations; more than most, you feel reasonably comfortable in an awkward social situation.

You are not one to brag about your accomplishments, but you are willing to talk about them when appropriate. You are rather typical of most people in your degree of modesty. You will usually balance your drive to compete with a desire to be cooperative and accommodating. In conflict-free situations, you may enjoy some role of authority or leadership. You are someone who, in most instances, will focus on results, along with a sensitive compassion for people.

Most of the time, you believe that others can be trusted to do as they say. You are not naive, but you are willing to give others the benefit of the doubt until shown otherwise. Most people will see you as tolerant and forgiving. You often show concern for the well-being of others. You are considerate and generously give your time and energy to assist those in need.

You are more open-minded and tolerant of the views of others than most people. About as straightforward as the average person, you can be both open and guarded in your communications, depending upon the situation.

 
 
  




Monday, September 12, 2016

So what's P1 about?

Week one of P1 is almost over and it feels about right to explain you what it is going to be all about. INSEAD MBA program is organized in five 2-month periods, with five to six classes each. In the first two Ps, all classes are predefined. From P3 onwards, we start choosing elective classes, according to our preferences and future career goals.

P1 includes the following classes:

  • Financial Markets Valuation
  • Financial Accounting
  • Prices and Markets
  • Uncertainty Data Judgement
  • Organizational Behavior I
  • Introduction to Business Ethics
Uncertainty Data Judgement is another fancy name, attributed to our Probability and Statistics class, basically aimed at helping our decision making process under conditions of uncertainty. The evaluation system is closer to the Portuguese standards, with the final exam weighting 80% of final grade. The additional 20% are equally split between a group assignment and class participation. Interestingly enough, UDJ's professor is indeed Portuguese: Miguel Sousa Lobo, one of our most fast-paced professors!

Moving to the softer courses, Organizational Behavior I is a psychology class, aimed at discussing influence, commitment, cooperation, coordination, leadership, self-control, management of others, and so on. And all these topics are strictly correlated to our personality and working styles, so the course started with a few tests (answered by us and our colleagues at work) and the assessment of the resulting reports, part of which I am going to share with you in the next post. Although these may seem quite fluffy, the power of such self-awareness tools is brutal, and the articles we've been reading are pretty interesting and eye-opening. Evaluation is 30% of contribution to study group (graded by my fellow group members), 10% of a team contract assignment (where each group establishes norms to enhance effectiveness of team settings), and 60% of a closed-booked final exam. I wonder what the final exam could be about... As you know, I am not really used to non analytical courses... We'll see! OBI's professor is Stefan Thau.


Last but not least, we also had a 2-module class on Introduction to Business Ethics. Here, we discussed a few polemic real life cases, learnt a few tools to guide a manager throughout business life in what concerns to ethics. It's a pass or fail class, and the only assignment was a 2-page essay, which I already submitted for review. Our professor is/was Craig Smith.
After this first week of real classes, I've already noticed a few interesting things about INSEAD:

  1. INSEAD's Swiss train policy actually exists. Classes start exactly on time, which requires students to be inside the classroom before schedule. If someone arrives 1 minute late, he/she won't be able to attend class anymore. Bad luck!
  2. Almost every class requires pre-readings. What does that mean? It means that we have to prepare for class, study in advance, read case studies, think about topics by ourselves, etc., etc. It may seem weird but the truth is that this system allows the students to follow each class much more efficiently.
  3. Pre-reading styles vary from class to class. The most conventional professors provide slides, case studies, starred articles or suggest textbooks. The most modern ones are creating videos, produced by themselves, explaining main concepts, equations, graphs and applications in the real world. This modern method saves students quite a lot of time! The only tradeoff is that they don't provide structured notes right away.
  4. And because not every thing about INSEAD can be great, nowadays there are way too many different platforms, which may be a bit confusing. Depending on personal style, professors prefer post materials in the official my.insead website, providing printouts, using dropbox,or even just sending e-mails. On top of it, there are specific websites for different aspects of career services, there is an internal social network (yammer), and more. We all wish it was all consolidated in just one website. Maybe one day...
  5. Oh, and we had classes last Saturday and today - a national bank holiday...! INSEAD has been performing well on keeping us busy.
Although the names are kind of alike, all subjects are very different. The only two things in common are being quite interesting and taught by over-the-top professors. Also, they all aim at providing us the necessary tools for efficient and knowledgeable managerial decision making.

Financial Markets Valuation is a pure Finance & Capital Markets class. Its curriculum includes valuation concepts and techniques (e.g. time value of money, discounted cash flows, value creation), concepts of risk and return (e.g. tradeoff of risk and return in the context of investment portfolios), and companies' capital structure. Evaluation includes two cases (10% each), online tests every two weeks (20%), and a final exam (60%). It is taught by the youngest of our professors Bart Yueshen. 

Financial Accounting is an Accounting class, aimed at equipping any MBA student with accounting literacy skills, allowing for a correct understanding of financial statements during decision making situations. I am hoping to get a Balance Sheet, Income Statement and Statement of Cash Flows guru by the end of this P. This class is taught by the bright Peter Joos, who's worked both in academia and in the banking sector. Everyone is pretty impressed how he manages to teach Accounting in such a interesting and practical way. Evaluation includes a open-book quiz (15%), a group financial statement analysis project (15%), a final exam (60%) and... professionalism (10%)!

What about Prices and Markets? Prices and Markets is just a fancy name for Microeconomics. It will cover topics such as supply and demand, production and costs, pricing strategies, competition between industry participants, strategic decision-making and decision-making under uncertainty, and their applications. It is taught by a very enthusiastic and humorous professor: Pushan Dutt. Evaluation is based on an individual quiz (10%), three group assignments (10% each), and a final exam (60%).

I'm late! Need to go back to studying.


Lots of love,

Marta


Friday, September 9, 2016

Friday, September 2, 2016

Orientation Week keeping INSEADers busy

What's up Orientation Week? Kept me busy, uh?

After arriving in Singapore on the 23rd of August, I still haven't stopped. Met my housemates, put up a house together, filled it with healthy groceries (thanks Gorda!), got myself a new cell phone number, opened a bank account, took some medical exams required for my student visa, and more bureaucratic stuff. And that was all non-INSEAD stuff. On top of it, attended INSEAD 17J opening session, met my 200 classmates in Singapore (there are another 300 in Fountainebleu), was introduced to the career services, met my personal career coach, was assigned to one Section (i.e. a class of 1/3 of the Singy students) - Section 03 - and to a Study Group - Group 12.

My group is composed of an Indonesian guy, super cool and sociable, who has been running his family business in the food processing sector - Narendra -, a very outgoing and talkative Indian guy who has been working in different positions within the hospitality business - Raghav -, a Canadian/ Chinese who is the shiest and nicest guy, with background in accounting - Anson -, and a German who works for Mckinsey and with whom I identify myself a lot - Robert. Robert almost joined BCG instead of Mckinsey and is a very laid back and friendly guy. Quite a multicultural group! We are going to work together for two periods, until December. We've started sharing experiences and working styles and we're ready to rock this MBA! I'm happy that everyone is quite committed to doing well in class, and that we seem to be reasonably compatible.

We've had a few interesting sessions, as well. We had a one-day class in General Management, where we practiced all working methods that we will experience in Insead (e.g. Case discussion, role playing, group work, active participation, etc.). We had a few sessions on organizational behavior, business ethics and also in career topics. We've already been contacted and visited on campus by a few companies, mainly consulting ones for now. Recruiting processes for clubs have started too, which definitely kept us even busier! Most importantly, we spent one day helping a charity organization. It was a 3-day project, one day for each section, in which we (literally) built a small market and indoors living area where autistic kids and ex-criminals will now be able to sell the organic vegetables they grow. It included lots of real DIY work and team bonding, and it could not have been a better experience. My hands hurt on the following day. Dad, you can now count on me to repair and build stuff at home!

On top of it all, since Tomas is still in town, orientation week also included some sightseeing, and even more dinners and drinks than usual, usual being quite intense as well. Everyone wishes Gorda was staying with us. Such a popular guy that I got!

Looking forward for this year ahead. There's something special about INSEAD and its people.

Love from Singapore,
Marta

 Singapore Botanic Gardens (Unesco's World Heritage)

  Singapore Botanic Gardens (Unesco's World Heritage)

 Singapore Botanic Gardens (Unesco's World Heritage)

 Marina Bay Sands

 Marina Bay Sands

 Marina Bay Sands with Takako (Berkeley Japanese friend)

  Marina Bay Gardens

   Marina Bay Gardens

   Marina Bay Sands

   Marina Bay Sands

 INSEAD campus

 Introduction to MBA Program

  Introduction to MBA Program - the most diverse in the world

 Dinner and drinks with my two housemates (João & Thomas on the left), gorda, and Miguel

Splash project

Splash project, with Narendra 

Chinatown

 Chinatown

 Chinatown

 Chinatown

 Financial district

  Financial district

Clark Quay - Gorda and Paul

Drinks at 1 Altitude, Financial district 

Drinks at 1 Altitude, Financial district