By Tiberiu Toader ’15 (Kellogg-WHU)
Asked about the keys to investment success, Warren Buffett once said:
“Rule No. 1: Never Lose Money. Rule No. 2: Never Forget Rule No. 1.”
For most of us, with a decade or more of corporate experience building our careers, this means finding safe, secure, solid investment opportunities. Ask any responsible investment broker, and they’ll probably agree you should:
- Build up a well-diversified, worldwide spread stock and bond portfolio at the lowest cost possible ideally, through ETF funds offered through Vanguard, iShares, etc., which for instance replicate the MSCI index
- Potentially add a bit of leverage by exposing oneself towards real estate by taking out a mortgage
- Build-up a cash position so you can cover 6 months net salary – just in case you find yourself between corporate jobs
Do all this, according to conventional wisdom, and Warren will grade your investment homework with a solid “A” making you feel great during breakfast, while studying the financial section of your local newspaper. Be patient — ride the ups and downs — and you won’t lose money.
But the safe conventional way may not be the best way to grow your wealth. Continue Reading
By Darren Adams
“Get outside yourself… Our students gain the clarity of focus they need to build transformational organizations that can thrive and seize new market opportunities in today’s fast-paced global economy.”
From my first day at Kellogg when Dean Blount shared this speech with our class, I decided to take this challenge on. Dean Blount’s words resonate with me because they are a personal call to action. I knew that if I was going to meet Dean Blount’s challenge, I was going to need to journey outside of comfort zone.
I decided early in my EMBA experience I wanted to get clarity of focus on how to create and build a great startup. The Kellogg Education Technology Incubator (KETI) competition seemed like a great opportunity to do this. Continue Reading
Shelly Mod Hoyal with her iAngels co-founder, Mor Assia.
Israel has more startups per capita than any other country, yet the thriving startup scene, sometimes referred to as Silicone Wadi, has less venture capitalists and angel investors than its American, European and Asian counterparts.
Shelly Hod Moyal ’13 (Kellogg-Recanati), co-founder of equity crowdfunding platform (next generation VC) iAngels, is on a mission to change that. Continue Reading
By Carter Cast and David Schonthal
Organic growth has softened. Purchase frequency has slowed. What to do? When pressed to innovate, many corporations have the same knee-jerk reaction: to hire people and spend money. They create cross-functional task-force teams and launch expensive, time-consuming market research studies, generating mounds of data, but to little effect.
Instead of helping a company bring new ideas to market, these efforts at spurring innovation often lead to counterproductive results, distancing the firm from the very group it wants to serve: their buying public. Instead of observing customers first-hand and drawing insights from their behavior, the company’s innovation teams becomes bogged down and bleary-eyed, managing task force meeting calendars and wading through reams of purchase rate propensities and lifetime value projections. Process gets in the way of progress. Company decision-makers find themselves staring at well-constructed PowerPoint decks and Excel models but are no closer to uncovering the searing insights that will translate into highly desired new products and services.
Read the rest on Forbes
Students in the Venture Design Bootcamp investigate new ideas in a series of hands-on learning exercises.
No matter the stage of your career, it is never too late to launch a new venture, whether it’s a new business, product or even an innovation within your existing organization.
That’s the idea driving Venture Design Bootcamp, a supplemental workshop offered to EMBA students on the Miami and Evanston campuses. Alumnus, entrepreneur and faculty member David Schonthal ’09 (EMP 74) led the first session, held on the Evanston campus on May 11–12, and will repeat the workshop in July in Miami.
Schonthal was recently named one of Crain’s 40 under 40. The serial entrepreneur balances his time between founding MATTER, a health-tech incubator that launched in Chicago this past February, serving as a business designer at IDEO, and acting as director of Kellogg’s Zell Scholars program, a selective venture accelerator program designed to help student-entrepreneurs successfully launch new businesses.
Schonthal shared more about his experience at Kellogg as well as the contents of Venture Design Bootcamp. Continue Reading
You may have heard of the many health benefits of cross-training, but have you benefitted from cross-training at your place of employment? Many companies today are cross-training their employees to prepare them for future roles by exposing high potential employees to different aspects of the business. Additionally, you can also make a big impact in your industry as you incorporate new innovations and strategies from other functions or across industries.
One of the benefits of the Kellogg Executive MBA experience I was looking for was this cross-training. I worked for a big company for 19 years across various functions: quality, engineering, manufacturing, materials management, research, sales and marketing—both in the US and outside the US, specializing in the emerging markets. The goal was that if ever I was to be a decision maker, I would have the exposure, experience and expertise across these various disciplines and markets.