Archive for the ‘Darden’ Category

Orientation Hike

Yesterday Kristy and I went on a hike with first year Darden students.  This hike was organized by a second year student and about 20 first year students participated.  I’ve included a group photo below.

Our group met at 10am on the Darden grounds and then carpooled to the trail head off Skyline Drive.  The hike to the Blackrock summit took about an hour.  We then spent another hour at the summit on a rock scramble and completed a short loop hike before heading back down to our cars.  The total trip took about 5 hours during which we got some good exercise and nice views of Virginia.  We also kept to our plan of completing an outdoor hike every weekend.

This hike was one of many optional events planned for first year students during orientation week.  Another group of second year students organized a community service event for the same time on Saturday morning and 20 first year students showed up to help.  Saturday evening there was a Darden Community picnic for all students, faculty, and staff.  Kristy and I had fun catching up with our friends at the picnic and watching a performance by the Darden faculty band (BluesJam).

Bear Sighting

There are many outdoor activities in the Charlottesville area including backpacking, whitewater rafting, caving, skiing, and many more [1].  My wife and I have taken advantage of this by planning a hike just about every weekend.  Sometimes our plans fall through (there is lots to do at Darden), but we probably hit the trail about twice a month during my first year.

Last weekend we hiked part of the Riprap trail off Skyline Drive.  After driving 45 minutes from Charlottesville, we parked and started our hike around 9:30am.  About one mile into the hike we passed a group of four that were running along the trail, which made us feel a little athletically inferior.  Thirty minutes further into our hike we heard lots of rustling and thought there was another group coming along the trail.  After pausing to look, we found ourselves staring at a big black bear about 30-40 yards away.  Maybe it’s because the bear didn’t look right at us, but for whatever reason neither of us were scared.  We just took a couple seconds, slowly turned around, and started walking back to our car while making quite a bit of noise along the way.

The picture of me above was taken about 5 minutes after seeing the bear.  We didn’t think to get a photo of the bear, which was probably the right decision anyway.  The photo on the right was taken along Skyline Drive.

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1. If you are interested in seeing a full list of outdoor activities in Charlottesville, the UVA Outdoor Club is a good place to start. There is also an Outdoor Club at Darden.

Internship Abroad

This summer I am working in London for PRTM Management Consultants. I pursued this opportunity to build on my international business experience and gain some exposure to European culture. Also, the timing worked out well for my wife, who teaches high school in Charlottesville and was able to join me in London for the summer.

My first project was based in South Africa and lasted about one month. Since my wife arrived in London the day I left for South Africa, we arranged for her to travel with me for the first part of the project (see photo with elephant above). While she was touring South Africa, I was working with my project team to support the formation of an international joint venture. Specifically, my role was to perform an operational capabilities assessment of a South African company. Having completed similar projects with PRTM as a pre-MBA associate, it is clear to me that the first year Darden program did a great job of preparing me for this project. In particular, the following capabilities that I developed over the last 8 months at Darden significantly improved my effectiveness on this project.

Communication skills - for this project I participated in dozens of executive level meetings. The case method of teaching was good preparation for these meetings and during the first year program I participated in around 300 case discussions. These discussions were in many ways similar to executive meetings as both environments require that I make clear, concise, and helpful points at the appropriate time.

Broadened business background - the general management curriculum at Darden provided me with a broad background in understanding businesses. This proved extremely useful for a capabilities assessment project, where the real work is not in determining the company’s capabilities but in determining the level of capabilities required for success in the context of the specific business and industry. This is another area where the case method was very helpful; instead of diving into the derivation of particular formula (e.g., Little’s law), we broadened our understanding of business situations and industries by reading case after case during the first year.

Technical competence - being able to drill into the technical details of a business situation was another important skill for this project. In several instances I identified the relevant inputs of a specific business formula (e.g., inventory optimization) in the context of this particular company. Then, during interviews I would assess the company’s capabilities for managing these inputs. Darden helped me develop this technical competency by introducing concepts in technical notes, providing an environment to practice these concepts (learning team), and then reviewing these concepts during classroom discussion.

Increased confidence - the Darden program increased my confidence in assessing and managing business situations. Because of this increased confidence I pushed others a little harder then I would have otherwise, and ended up generating better results for our team. I attribute this increased confidence to the rigorous first year program coupled with the support provided by the Darden faculty and staff, my classmates, and my learning team.

Working Hard

There is a clear perception that Darden Students work harder then students at other business schools.  Although this image can make prospective students nervous, it has several positive implications for the Darden community including the high level of credibility it affords us with recruiters and alumni.  Many of the factors contributing to the ‘we work harder’ perception are part of the schools heritage and date back over 50 years.  Some of the most influential factors include:

Class schedule - the general belief is that Darden students prepare 3 cases per day, 5 days per week.  This perception falls somewhere between the actual workload and the workload from when Darden was founded.  In 1954, classes were taught 6 days per week and there were 3 cases every day.  I’ve even heard rumors that exams were administered on Sundays so they wouldn’t interfere with the class schedule.  The first year program for the class of 2009 averaged about 12 cases per week.  Our schedule alternated between 4 and 5 teaching days per week and 2 and 3 cases per day.  I’ve provided a snapshot of a typical Darden week in my weekly schedule post.

Case method - most classes begin with the professor selecting a student at random to present and defend their analysis of a business case.  With participation accounting for about 50% of final course grades, Darden students prepare for every class session.  In comparison, lecture format classes found at other schools may not require any preparation.  One advantage of working through cases during the quarter is the limited amount of studying needed for exams.  In fact, many Darden students only spend a couple hours studying for each exam.  I’ve written more on Darden’s teaching style in my case method post.

Attendance policy - students are allowed to miss two classes per quarter without a valid reason.  This policy helps ensure high attendance, which is necessary at a school where classroom discussion is an integral part of the learning process.  I remember the class of 2009 being generally supportive of this policy when it was introduced during first year orientation - apparently there was no expectation of skipping class.

Learning teams - part of the case method, these teams generally meet the evenings before class is taught.  Although these meetings take time, they ultimately reduce the total time most students spend preparing for class.  In my team we assigned each individual one case to analyze for the next day.  Each team member would then share the results of their analysis in the evening learning team meeting.  Therefore, on any given night I only analyzed one case in depth and then reviewed my team members’ work on the remaining cases for the next day.  In addition to their efficiency benefits, these meetings provided a great environment for learning how to effectively review other people’s work - an important skill for MBA graduates.

Image promotion - Darden’s students, alumni, and faculty often promote the ‘Darden students work harder’ perception through their own personal dialogues.  It’s often with a sense of pride that someone from the Darden community discusses the rigors of the program.

All these factors contribute to a culture in which working hard is valued.  The communication of this culture has a reinforcing effect as prospective students looking for an easy or ’social’ MBA generally choose to attend other schools.  The result is a student body that expects to work hard for a well respected education.

This culture applies to our community as a whole and does not necessarily mean that Darden’s academic program is more time intensive than programs at other schools.  From my own observations, the hardest working students at Darden spend less than half their time on the academic program and devote huge amounts of energy towards club leadership positions or multi-industry career searches.

Mexico City GBE

My wife and I attended the Mexico City GBE during Spring Break 2008. This GBE was one of several “Global Business Experiences” offered by the Darden faculty. Our trip was led by Professor Peter Rodriguez and the participants included 12 Darden students and 2 partners.

GBEs at Darden generally have a significant academic element and students receive course credit. The Mexico City program consisted of four main components, which are outlined below. More details are also available on the Darden webpage.

Business cases - we discussed 5 cases with IPADE students on issues relevant to Mexico. The IPADE professors made sure to involve us in these discussions and Darden students seemed to receive their fair share of cold calls.

Guest speakers - presentations and Q&A sessions with 5 business leaders from various industries including entertainment, retail sales, and beverage distribution. Some of the speakers used English and others used Spanish along with the translation service provided by IPADE.

Company visits - trips to Barcadi, Grupo BIMBO (an industrial bakery with several brands including Wonder Bread), and Kidzania (an amusement park for kids).

Cultural visits - we visited the Anthropology Museum, climbed the pyramids at Teotihuacan, attended a soccer game, and participated in a wine tasting. We also received some cultural exposure by working on a group project with the IPADE students.

This trip left me with several insights on the cultural and business environment in Mexico. I also gained a new respect for the scale and maturity of the US business school market. There are 4 well know full-time MBA programs in Mexico and the combined graduating class of these programs is around 200 students per year. In comparison, US News ranks 63 full-time US MBA programs and the combined graduating class of these programs was 12,500 students in 2007. While many of the 63 US programs may not be as reputable as the 4 programs in Mexico, and the US has 3 times the population of Mexico, there is still a huge difference in the relative size of these two markets for MBA education.

Another aspect of this trip I really appreciated was Professor Peter Rodriguez’s involvement throughout. Peter participated in every activity including classroom discussions, company and cultural visits, dinner each night, and the soccer game. Since this was his fifth time leading the Mexico City GBE and the Mexican economy was part of his Ph.D research, Peter was able to provide us with a substantial amount of information on the business and cultural aspects of Mexico.