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Journey to my MBA

Tuesday, January 10, 2006

Your story is so interesting

Not too long ago, I commented how writing your "story" is a big deal in the app essay.

Recently, FASTCOMPANY published an article on lessons learned while working as a youth. The reporter does a great job in showing the commmon theme that many successful people learned valuable lessons very early in their lives about business. The article is not only fun to read, but shows how short simple stories tells a lot about an invidual.

Interestingly, the reporter managed to get Robert Joss (Dean of Stanford B-School) to write his story and Tom Brokaw (NBC Anchor and Managing Editor)

Robert Joss
Dean of the Graduate School of Business
Stanford University
Stanford, California

When I was a kid, I worked almost every summer at my grandfather's dairy farm in upstate New York. My grandfather was a unique character. Instead of selling his milk wholesale, he bottled it, took it to town, and sold it retail. He also sold eggs from the chickens that my grandmother raised. Other farmers sold their milk wholesale, in 40-quart cans, and that was it. They didn't add value, separate cream, do marketing, or deliver eggs. My grandfather invested in equipment, but the return that he got was incredibly high for that time and place: Those other farmers got 3 cents a quart; he got 15 cents. That 12-cent difference was enough to send his two children off to very good private colleges. And that's probably why I'm working where I am today, instead of being back on that farm.

I remember when my grandfather, my brother, and I would go door to door delivering milk, cream, and eggs. I learned firsthand how you get customers: one at a time. I also learned the value of being different from your competitors. My grandfather's little delivery business might seem like small peas, but the lessons that I learned there are some of the great lessons of business life -- and never in history have they been more true than they are today. Some multinational companies ignore them, and then they fail because of it. A lot of people think that the new economy has new truths. It doesn't. The old truths are still there -- the new economy just has new risks and new opportunities.

Robert Joss (rjoss@gsb.stanford.edu), former CEO of Westpac Banking Corp., Australia's oldest bank, was appointed dean of the Graduate School of Business at Stanford University in September 1999.


Full Article

3 Comments:

Anonymous the daily travails said...

There was a great article in the January 2005 issue of the Harvard Business Review called "What's Your Story?"

http://harvardbusinessonline.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=R0501F

How are your applications going? I tried calling you but got an error message ("the person you are calling is not available"?)

9:58 AM  
Anonymous Anonymous said...

quite motivatinf story!! especially"" A lot of people think that the new economy has new truths. It doesn't. The old truths are still there -- the new economy just has new risks and new opportunities."" great observation

11:01 PM  
Blogger taapu said...

Hi folks!

I'm writing to all those folks who are in despair after scoring 560 in GMAT. I reassure you guyz, 560 is not a bad score. With this score, I've got admission offer from International Business School, Brandeis University, Massachusetts, USA for MBA fall 2008 entry. What is most exciting is that they've also offered me 50% tuition scholarship (USD 18,336/year). If that was not enough, they also offered me a 10 year 5% fixed rate loan which will contribute another 33% of my tuition. I'll start paying off the principal and interst 6-months after my graduation.

In other words, I'll have to pay only 17% of my tuition and all other living costs from my own pocket in 2 years.

So, no worries, people! Prop up your Essays & Recommendation letters, and you'll also see wonders as I do.

I hope to provide you with some tips on crafting your Essays & Rec letters soon.

Good luck.
Tawhid,
Dhaka, Bangladesh,
GMAT: 560
IELTS: 8
Work Experience: 3 years in Business Process/Systems Auditing
Member: The Institiute of Internal Auditors (IIA)
ISO 9000 Series/Quality Management System Lead Auditor

9:56 AM  

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