Last Thursday evening marked TMMBA Class 16’s first official gathering as a cohort for the Welcome Reception at the UW Burke Museum. Excitement was in the air as students mixed, mingled and met TMMBA faculty and staff who they’ll be working with over the course of their 18-month journey. The “grand reveal” of the TMMBA study groups was a major highlight of the evening – students learned which five other students they’ll partner with for the first three quarters of studies for projects, case discussions and countless hours of studying. A powerful bonding experience to say the least!
The students also heard words of encouragement from TMMBA Program Director, Tracy Gojdics, and TMMBA Professor of Management, Bruce Avolio, as well as some sage advice from current student, Brian Ames, a Senior Manager at the Boeing Company. One year ago (nearly to the date) Brian stood in the same spot as the new students found themselves in – ready to embark on an educational experience of a lifetime. He’s now just over two quarters away from graduation. He broke his advice down into 12 important (yet simple!) takeaways for students to tuck in their back pocket to help them navigate the TMMBA Program:
Get to know your study group on a personal level – invest heavily in this early as you will be spending a lot of time together
Go to all of the social events – take any opportunity you can to get to know the people outside of your study groups and section
Go on the tours career services lines up – you don’t get these opportunities in normal life
Take advantage of all the University has to offer – free bus, cheap football tickets, driving range
Pay attention in class – sometimes it’s hard after a long day of work but the professors are excellent and then you will have less to do outside of class
Stay organized – exams are typically open-book, open-note and that format rewards those who are organized so create your system early
Do as much as you can and play your own game – don’t feel bad if you have different study habits than your classmates, do what works for you
Take a day off of work every once in a while to get ahead – set that expectation early with your manager and co-workers and don’t feel bad about it!
Cut a hobby that takes a significant amount of time – like golfing, pick it back up after you graduate
Take at least one night off of school work per week – try consolidating your work into a few evenings so you have time to spend with your family and friends
Find a good daily stress reliever – exercise and clear your mind
Take advantage of your time off – take time off of work during school breaks and take a vacation
So, who are the students that make up Class 16? We have a diverse and experienced group of professionals that we’re excited to introduce to the TMMBA community …
70% Male, 30 % Female
35 Companies Represented (Amazon, Boeing, Microsoft, Ericsson and many more!)
6 Countries Represented (US, India, China, Thailand, Ukraine, Turkey)
Average GMAT Score = 590
21% with advanced degrees (masters, doctoral)
These 61 students are now one milestone down. The next milestone awaits just after the Thanksgiving holiday – the TMMBA Program Immersion. The Immersion is a 7-day orientation/immersive experience that will surely help the cohort get back into the student groove. More to come!
The Technology Management MBA (TMMBA) International Study Tour gives second year students an experience to see how people live and work in another culture. Through company visits with executives and managers and cultural excursions, it adds valuable context to learn about and understand the increasingly global economy. A few previous tours include Vietnam (2014), Dubai and Abu Dhabi (2013) and China (2012).
Students recognize how this trip relates to professional development. Viveka Raol said “Multinational companies are looking to hire leaders beyond the average MBA, instead they want leaders who have no problem working with cross-cultural teams and are able to adapt to different kinds of settings. I need to be able to fully comprehend consumer perceptions and preferences across the globe.”
From March 15-21, 2015, fifteen students traveled with faculty member Bruce Avolio and TMMBA staff to the vibrant developing country of Peru. Before departing, students studied the country and companies and set personal learning goals. They also reflected on how this trip would contribute to their development as a leader and influence future interactions with classmates.
For John Koehnen, his goal was to experience and embrace another culture and discover how life and business fit together in South America. He said “In preparation for the trip, I studied some of the recent macroeconomic trends of Peru and other countries in South America. This helped frame my expectations, understand what would be important to the people of the region, and ask better questions to uncover nuggets of information that I couldn’t get from a business journal.”
Viveka wanted to learn how the United States is perceived in Peru and practice her intercultural communication skills. She said “Simple gestures such as direct eye contact, and smiling broadly which are commonplace in the United States can be interpreted very differently in different countries and have the potential to harm business relationships.”
On our first day of company visits, we left the cool comfort of the hotel and boarded a tour bus. While the driver navigated Lima traffic, three pairs of students balanced in the aisle and presented interesting facts, figures, and stories about each company on the day’s agenda.
Our first presentation was the American Chamber of Commerce (AmCham) of Peru that promotes and fosters trade, investment, and exchange between Peru and the United States. Chief Economist Rodrigo Acha explained macroeconomic indicators, the business environment, and U.S. relations with Peru. We learned about the fading of traditional class divisions, growing middle class, and trade balances. The #1 destination for exports in 2013 was China (U.S. #2) and Peru imports more U.S. goods than other countries.
“I found my classmates to be incredibly engaged and dynamic” said Phill Ramey. “They asked intelligent and informed questions that drove the collective learning forward during all of our company visits.”
We met and learned about seven more companies over the next few days.
Ofertop is a fast growing e-commerce startup who sells discounted deals. “They are a vivid illustration of TMMBA global strategy concepts and a great story of how a business can flourish by adapting to its local environment” noted Zhifeng Wang. “Unlike Groupon, Ofertop does not focus on mobile users due to low mobile penetration. Instead email is a primary channel. And since a large part of the Peruvian population still relies on cash transitions, they invented a cash payment option to make their business model feasible.”
Marga, a 50-employee textile producer and exporter, sells exquisite Alpaca knitwear. We entered the factory floor, with whirring machines and work tables, and squished into a showroom where Gonzalo Diaz, the new General Manager, explained their manufacturing steps, business markets, and expansion strategy for seven retail stores in Lima.
A student presentation started our last full day in Lima. Maureen Nash fearlessly sung these lyrics to the tune of “Come Together” by the Beatles:
Hey pay attention, Alicorp sells pasta, milk, and trades Value to their custo- – Mers to make them happy Keeping business money Founded 1956, going public 1980 Pay attention, right now, Alicorp!
Alicorp is a leading consumer goods company with 160 brands, operations in six Latin America countries, and 39% income from outside Peru. With 33 bakery brands, we were struck by their marketing strategies. They don’t market to children.
After visiting Lima, we traveled to the ancient city of Cusco, Peru, located at 11,200 feet in the Andes Mountains. Motorbikes roared through cobblestone streets while llamas grazed freely on the mountainside. We took a 2-hour drive through the rolling hills, green valleys, and jagged peaks. Another 2-hour train ride brought us to the village of Aguas Calientes, where we boarded a bus and ascended to the entrance of Macchu Pichu.
Many adjectives describe a first glimpse of looking down on the lost city of the Incas, 200 ancient stone buildings perched between four mountains. One student said “I’m speechless.”
After a group photo, we hiked for 2-3 hours to reach the Sun Gate, the official end of the Inca Trail. Viveka reflected on her experience:
“Peruvians are selfless people who seem to put others before themselves. My most vivid memory was the long hike to the Sun Gate in Machu Picchu.
The high altitude, congested sinuses, and sleepless nights culminated in a long and treacherous hike for me. Our tour guide was patient, empathic, and encouraged me every step of the way. I can still hear his soothing voice in my head, sharing stories of the Inca and their architectural prowess. His storytelling and kind persona helped alleviate my pain and at one point he even offered to carry my bag and heavy jacket to help lighten my load.
My learning from this is to make sure thatI do my very best to develop and intellectually engage my direct reports. Only if there is a pure cooperative dynamic, between employee and employer, will there be a desire to perform optimally.”
We traveled home to Seattle the next day and fondly remember the people and learning beyond the classroom walls of the Technology Management MBA program. If you’re a future or current student considering the international trip, John advises “Just go. Sign up. Explore. Take a chance. It is life-shaping and a real-life case study of all TMMBA learnings to-date.”
Our tour bus glided through snarled Lima traffic while Bruce Avolio kneeled in his seat to face 17 members of the TMMBA International Study Tour (IST) in March 2015. We had just finished visiting Ofertop, an e-commerce startup, and Graña y Montero, a group of 26 engineering and infrastructure service companies.
Bruce recapped our visits with these local and multinational companies. We had learned about the dynamic economic, political, and cultural landscapes of their businesses, asked questions during the presentation, and informally talked with leaders.
He announced “How did we today, on a scale of one to five?” The group laughed yet listened closely. “I’ll give you a 4.8.” It was a high score yet with a gap to improve to 5.0. I replay this exchange when I think about our trip, as his motivating and engaging style contributed significantly to our memorable week in Peru.
Bruce also joined a study tour to Dubai and Abu Dhabi in 2014. All student travelers completed his course International Business & Cultural Immersion.
Bruce Avolio, Ph.D., is Executive Director of the Center for Leadership and Strategic Thinking (CLST) at the University of Washington Foster School of Business. Appointed as the inaugural Mark Pigott Chair in Business Strategic Leadership in 2013, he is widely recognized for his outstanding research, consulting, and graduate-level teaching on transformational and authentic leadership. He has authored more than 150 published articles and 11 books.
In this interview, Bruce shares his perspectives on the distinctive value of a TMMBA International Study Tour and his path to the Foster Business School and TMMBA.
Q. What stands out to you as rewarding and meaningful in a TMMBA IST?
A. Two things come to mind. Number one is the group. The group came together so quickly and supportively in Peru. I keep reflecting on how much they did for each other. They were fun to be with and conscientious and focused on what we needed to do. They were present. On the company visits, they were told several times, “that if you keep asking questions, we won’t be able to get through everything.” The number of questions was terrific, informative, engaging, and reflected well on all of us.
The group in Dubai and Abu Dhabi needed time to acclimate because it’s quite different ─ particularly for women as it’s a very different experience ─ but they came together as a group and achieved everything I hoped they would. First, that they would be great brand representatives of Foster and the TMMBA, and second, that they would help each other in every sense and leave no one behind. They exceeded both goals in terms of my expectations.
I also think the pre-trip preparation was valuable to get everyone in the mindset of what they would learn through this experience: what would expand in your knowledge, attitudes, and beliefs and how to set goals and prep for this so you come back with something that has a tangible effect.
A lot of people talk about the first time they went to a different place – could be Paris, NYC, or Cambodia. In our daily lives, you kind of know the place ─ and even though there are probably many things to learn – you may not be thinking about what you’ll learn. When you go away, I think there is a greater sense of awareness that something there that can be extracted. You’re ready to learn and your motivation level is higher.
Q.You describe a trigger moment in development as a little tiny intellectual nugget that drops in and affects your thinking for a long time. What was a trigger moment or experience that stood out on the trips?
A. Early on the Peru trip, it struck me when someone said I’ve come to know people in my class better in the last three days than I did in the last 15 months. I told the new TMMBA class that the trip is a great chance to expand your knowledge and also get to know each other, but I hope you get to know each other earlier. This is your future network and networks really build the success of programs.
Another was meeting an entrepreneur in Dubai who was getting his company off the ground. He was so enthusiastic on the prospects and bounced around his small office that we all tried to fit in. But he also talked a lot about how hard it is to find people like him. And then we met a similar entrepreneur in Lima and it felt like you could be in SoHo New York or Palo Alto, California. He was very quiet and watched his COO talk about the business. But then he got up and threw energy and passion into his talk. Here are two entrepreneurial leaders where it would be so cool to have a global entrepreneurial meeting of people who come from very different cultures and similar motivations to create something to make a difference. One comes from wealth and probably doesn’t need to do it and the other has to create opportunities. They were so similar in their enthusiasm and interests, yet they may never meet.
In Peru, I noticed how gracious people were and their sense of community and family. People take time and we don’t take time like you see in other cultures, and I think we’re missing this and it’s always reinforced when I go to cultures like Peru.
Q.You describe global mindset as how an individual and organizations do business in the geographical and cultural context of another country. A core purpose of the IST is to expand global mindset. How does global mindset affect leadership strengths and performance?
A. I see global mindset applying to their leadership in the TMMBA program, how students work with each other and how they come to understand each other.
From a leadership perspective, it’s thinking about the different cultures that are part of your experience and how you look and relate. They are global ambassadors. They are going to run companies and divisions of companies, and could have a lot of challenges with respect to global mindset.
It’s thinking about how to grow your business in different cultures. Our markets are saturated in the U.S. and North America and we’re all looking for places to grow business in other places in the world. For example, we don’t think a lot about Africa. It’s a billion person market and we’re starting to see some things happen there that point to positive growth in markets. If you don’t have a global mindset, you’re never going to think of those markets.
Even within a TMMBA class it’s really important. This is poignant for me because I really respect Narayana Murthy, the Co-founder of Infosys. I have a case study in technology, and it’s about this leader. I’ve had several students come up since I started using the case and say thank you so much for bringing him into the program.
I do it because I want them to know it’s not just teaching about some of our CEOs in the U.S. We want to look at the world.
Q. What life lessons or surprise takeaways have you heard from students after the Peru trip?
A. A lot of it is preconceptions they had going in and how they really changed through the experience. It turned out to be a much more in-depth experience and even for people who have traveled a lot.
We had some people who hadn’t traveled so it was the preconception and then the adjustment, which I would say is global mindset. We all learned through observing how we interacted with different cultures or just simple things like meeting and interacting with people on the street.
Q. What advice would you give a student considering the trip?
A. This is a unique experience that you will carry forward in your life that you probably won’t replicate in your career. When you look at your entire life, there is not a lot of time for this. You may want to travel and relax and sit on the beach.
When we go on these trips, the task is learning. This is a time when you can take a week or ten days and just heads down learn. You have opportunities to show what you’ve learned. You have an opportunity to connect with people that could sustain relationships with the program and their networks. And you have an opportunity to add to your global mindset. Why wouldn’t you do it if you could afford it? Why wouldn’t you do it if you could manage it with your family and job?
There is something rich about this experience because it’s not a requirement.
Q. Before TMMBA study tours, you decided to move from the University of Nebraska to the Foster Business School. Tell me about a key factor behind your decision.
A. The interest in leadership was central to my decision. I also grew up on public education and the vision to be the best public business school was energizing. I felt it was really important to demonstrate that we could be as good as any other university and business school in the public domain.
As an explorer, I wanted to try a different place. I had only been here once or twice – never out of downtown ─ so I didn’t even know there were mountains here.
Q. How did you start with TMMBA and what do you most enjoy?
A. It was really serendipitous. There was an opportunity to be involved in the program and teach a leadership class in summer 2009.
What I like about TMMBA is being in a bunch of different worlds every Monday, Wednesday, and Saturday, since students come from different parts of the world. They have a really strong interest in learning and there is a cohort-feel, which you don’t necessarily feel in other programs.
I really enjoy them as a group. I like the diversity. I like the cohort. I like the way technologists think systematically and I like being able to challenge them, when I get the chance, to think a different way.
And there is the staff. This is unique as the staff are all present when you walk in to the Eastside Executive Center so you have different feeling here than in other programs.
Q. What did you want to be when you grew up?
A. First, I’m making the assumption that I haven’t grown up yet. I’m still working toward that. Grow old but never grow up!
Every boy I knew growing up in New York wanted to play for the New York Yankees. And I did. On a summer evening with friends, I was playing Mickey Mantle or Roger Maris and thinking someday I would put on the blue pin-stripe suit and play for the Yankees.
I also really remember being very interested in archeology. I don’t know the origin of this. I thought and actually still do love history and seeing the layers of how things are built. When we were in Peru, I was interested in Inca everything.
Q. How did you become interested in Industrial Psychology?
A. In college, I found a lot of things interesting and I declared my major in psychology in my senior year.
I was really interested in the area of criminology but then I took a course in Industrial Psychology. I thought my interests in applying psychology to organizations may be broader than just correctional institutions. I thought about what to do with that. My girlfriend broke up with me so I decided to leave NY and that’s when I left for Ohio and started my graduate work. It turned out to be one of the best Industrial Psychology programs at the time.
Following Entrepreneurship courses in the Winter quarter, Class 14 was abuzz with new business ideas. This was evident by the TMMBA program having the strongest turnout in its history for the 2015 UW Business Plan Competition (BPC).
The team, whose members met through an event hosted by the Buerk Center, has set out to make smart home technology accessible to everyone by offering “home automation on a budget.” One Hook device in the home offers control of anything electric from the user’s smartphone. This allows for energy savings, improved home safety, and convenience.
Hook is currently taking pre-orders on Kickstarter, with a little under two weeks left to reach their funding goal of $25,000 for an initial production run.
“I’ve been able to apply the concepts learned from my TMMBA classes directly and almost instantly,” remarked Moehle. “I am thankful for the program and opportunities offered by Foster, which have given me the chance to pursue my entrepreneurial desires. The TMMBA faculty and staff have been incredibly supportive in every way.”
Please support Hook on Kickstarter, and share their project with your friends and followers!
Traveling 4961 miles from Seattle, our group of 18 began the 2015 TMMBA International Study Tour today in Peru. The country is approximately the size of Alaska and has 28 different climates.
Our first visit is Lima, the capital city of nearly 10 million people and 43 neighborhoods. It’s the industrial and financial center of Peru.
We boarded a tour bus and enjoyed an afternoon city tour. Our first stop was Huaca Hullamarca, an ancient pyramid from AD 200 to 500. We were greeted by a Peruvian Hairless dog and saw a preserved mummy.
We then traveled to Lima’s historic center. The San Francisco Convent, rebuilt in 1672, was a highlight.
It’s a working monastery with 26 monks living there. We cooled off next to a lovely courtyard with walls decorated in colorful Spanish tiles, before we continued underground to the eerie catacombs of hundreds of bones and skulls.
We finished the day with a welcome dinner at the spectacular ruins of Huaca Pucllana.
Over the next few days, we’ll visit several companies ranging from one of the largest Peruvian consumer goods company to an e-commerce leader and the #1 startup in Peru. We’ll then fly to the city of Cusco and Machu Picchu, an ancient city in the Andes mountain range, the 2nd tallest in the world.
This will surely be a memorable week of meeting new people and developing a deeper understanding of how Peruvians live and conduct business.
The International Study Tour is an optional tour that takes place in the second year of the TMMBA Program. Students who participate broaden their business knowledge base and immerse in a different culture. This includes visiting companies, touring manufacturing facilities, and meeting business leaders and government officials.
I’m currently writing this post from Ho Chi Minh City, Vietnam where 22 Class 13 students have just kicked off their 10-day International Study Tour experience. Jet lag didn’t hold anyone back as we hit the ground running and began to explore this great city and all it has to offer.
Our first day of the tour acted as a great way for everyone to get our bearings – we started the day with a city tour of Ho Chi Minh City and explored the Presidential Palace and some beautiful French colonial buildings including the Notre Dame cathedral and city post office.
For the afternoon, we ventured out to the Mekong Delta and meandered through a maze of waterways. We had a couple stops along the way where we enjoyed local fruits and tea, music, and encountered a python (yes – I said a python). And a few folks were even brave enough to snap a few pictures with it. I was not one of them!
We capped the day with a celebratory welcome dinner to mark the beginning of an exciting tour to come. From a dynamic group of company visits that includes industries as such banking, technology, automotive, logistics, tax and inward investment, and market research and media (Ford, Cisco and Citi Bank to name a few companies) to unforgettable cultural experiences and phenomenal Vietnamese cuisine – the next 10-day will surely be a whirlwind that will not disappoint.
About the TMMBA International Study Tour: The International Study Tour experience is an optional tour for TMMBA students that occurs in the second year of study and gives students an opportunity to immerse themselves in a different cultural and business context than the one in which we all typically operate day-to-day. Students who partake in the tour have the opportunity to visit companies, tour manufacturing facilities, and meet business leaders and government officials. Click here to view blog posts from past Study Tour experiences.
Hello and welcome back for the last episode of a week in my life as a TMMBA student. I hope you were able to get a feeling of what’s it like to be a part time student here at UW. The courses are great, with really good study cases and great faculty. The program is well thought to help you optimize your time as much as possible so you can still have some free time to enjoy life, after working and studying. As I was saying in Day 1, I just started but I already feel like I’ve learned a whole lot and I had great experiences here, so far.
But let’s get back to our topic, which is how a usual Sunday looks like in my schedule these days. Sunday is your free day. Sure, you still take a few hours to study like most of the days, but in my (new) understanding free means that you have the chance to make your own schedule. No obligations, no places to be at, no fixed schedule for the entire day.
Today I woke up at 10 am – finally, a day to sleep in late! At least Sundays did not betray me like Saturdays did. Sundays are still mine. Got a coffee, studied for a few hours in the morning. Then a miracle happened – sun came out – so in the afternoon I went out to get some air. Spent again most of my day in the yard, doing stuff around the house. In the evening I got some friends over and now – after 10 – I plan to watch a movie.
On a usual Sunday, I’d probably spend a few extra hours to study more in the evening, from 7 to 10 or so. But this time is better, as we’re already done with most classes for the quarter and all we have left is the final exams – which reminds me, the Micro exam was published yesterday and is due on Thursday. I’ll probably have to sacrifice my evenings during next week since I didn’t spend any time on it today. But it was worth it – you don’t see the sun that often these days here in Seattle
Anyway, the weekend is almost over. In a few hours, I’ll start the week all over again with Day 1, getting closer and closer to my goal: to finish the MBA. One quarter down, 5 left to come.
Thank you for taking the time to read my stories, I hope they inspired you. Maybe we’ll get the chance to meet in person in a few years, at alumni gatherings. That will be cool.
Wait, what?! Wake up on a Saturday morning at 7 am when it’s 25F outside and go to school? Really? That’s something I asked myself 6 times in the past 3 months. But not this weekend, this weekend I am off duty. Well, kind off, because I just spent 6 hours on the Stats exam. It wasn’t that bad after all, I think you can do it in far less than that if you’re better prepared.
The good part is that it was the crappy Seattle weather in full effect today, so at least I am not sorry about spending all day indoor. If it continues tomorrow – which I think it will – I’ll take time to do the Micro exam as well and then be free for the rest of next week.
But let me tell you how a school Saturday looks like. As I was saying, wake up at 7:30-ish and jump in the car with no breakfast. They provide breakfast there so you’ll eat with the classmates. We don’t socialize that much because we are all still sleeping at that time so luckily they also provide coffee. Lots of it! I definitely need it for 8 straight hours of school as I haven’t done that since my undergrad, a couple of years ago. After a few breaks and lunch, finally 4 30 comes and we’re out the door. Usually I keep the rest of the Saturday for fun, going out, watching a movie. If it’s sunny outside, go outdoor, have some fun, live a little.
Sometimes it’s challenging, I tell to myself when I think about the commitment I made. However, looking back at the quarter now, I realize that this program is really well thought: it is much easier to get into the right mind set now, in the winter, when you don’t have much to do, compared to all the temptations in the summer. It can be difficult at times, but you know you do this so you can live a little better in 18 months. It’ll happen, you’ll see.
Thank god is Friday! And thank god tomorrow is a no-school Saturday. However that doesn’t mean complete chill-out as I still have stuff to do. The Stats exam is already published, but I haven’t download it yet as we have a time limit of 7 hours until we’ll have to upload our answers. Hence I am saving a full 7 hours window starting tomorrow morning, bright and early.
Meanwhile, I am frying my brains trying to solve a sample exam we got. Trust me, it ain’t pretty, but somehow I’ll make it through. Practice makes perfect, I know, but I ‘m not even close.
Today was really sunny – something that we haven’t seen in the past couple of weeks here in Seattle. So I rushed home after work to get a few hours out in the yard. We recently bought a house – first time buyers, hence we’re really excited about the new outdoor opportunities. I spent an hour or so doing yard work and planting a fruit tree and now I am back indoor spending some time on stats. Later tonight, I planned an evening out with my wife as tomorrow is woman’s day (March 8th). Shh, don’t tell her, it needs to be a surprise. She still thinks I need the entire evening to study.
Regarding the rest of the exams, I am pretty confident with Micro but I am still catching up on Accounting. It’s going to be a long weekend, but at least it’s the last “hop” for this quarter. Okay, I am going back to study now, as the clock is ticking and time is flying. See you tomorrow.
Hi and welcome to the 4th day of the week. Hang on in there, we’re making progress. If you reached so far and you’re still reading, it means you’re really interested in this program! So stay tuned, you’ll learn a lot from this blog. I’ve read it myself before finally deciding to make the step.
Thursday is the review session day. Every week, from 6 to 8, two teacher assistants will have a one hour session each to go through the last class’ topics. I can’t tell you how useful these are when you’re struggling with the concepts and need some help. You can either join in person, at East Side Executive Center or online. I usually prefer the online session as I have enough of EEC 2.5 times a week. Don’t get me wrong, it’s a nice facility but home is nicer :). The downside of participating online is that you can’t ask questions. But we’re smart, creative people and we find workarounds, like texting or emailing your question to somebody who is there in person.
I need to tell you how amazing some of these classes are and how they make you change you perspective on the things around you. You might think that you’re old or that you graduated in a different era. Well, while that might be true, don’t think that you can’t do it and can’t absorb any more knowledge. This quarter Microeconomics was my favorite class. Even though I already had a micro course in my undergrad, it was no match to this one. The cases and the real-world applications of the concepts were eye-opening for me, I had a great time studying.
In the last two chapters, for example, we did Game Theory and Price Discrimination techniques. Now I understand what’s the deal with price matching or sale price guarantees. I always wondered what’s the incentive for big stores to do it as it seemed to be too nice of them to do that only for the sake of making a customer happy. While that is also a reason, these are actually tricks which facilitate price cooperation between competitors in oligopoly markets.
Ok, enough microeconomics for tonight. One more day and the weekend comes. Should I be happy? Well, it depends whether I have a class on Saturday or not :). Thank you for your attention and have a good night.
– Students, staff and a few alumni blog about the experience of earning an MBA via the University of Washington Foster School of Business Technology Management MBA Program, covering events, learning-in-action, life after graduation, networking opportunities, and so much more.