<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rssdatehelper="urn:rssdatehelper"><channel><title>How the MBA Changed my Life&lt;br /&gt;
</title><link>http://www.smf.org.uk</link><pubDate></pubDate><generator>umbraco</generator><description>Before and after the MBA</description><language>en</language><item><title>How the MBA Changed My Life</title><link>http://www.smf.org.uk/blog-roll/how-the-mba-changed-my-life/2012/9/24/how-the-mba-changed-my-life.aspx</link><pubDate>Thu, 18 Oct 2012 13:28:49 GMT</pubDate><guid>http://www.smf.org.uk/blog-roll/how-the-mba-changed-my-life/2012/9/24/how-the-mba-changed-my-life.aspx</guid><description><![CDATA[ 
<p><em>Sainsbury Management Fellow, James Dunbar is an Analyst,
Refining &amp; Logistics Technology on the Future Leaders Programme
at BP.</em></p>

<p>Has an MBA has changed my life? &nbsp;Back in 2006, I was in a
Middle Eastern desert with the <a
href="http://www.raf.mod.uk/careers/">Royal Air Force</a>,
reviewing whether we had enough PGMs for combat operations.
&nbsp;Here I am in 2012, looking at the capital portfolio for <a
href="http://www.bp.com/sectionbodycopy.do?categoryId=2&amp;contentId=7065607">
BP</a>, reviewing whether we have enough PGMs for business
operations.</p>

<p>In 6 years, I've gone from worrying about Precision-Guided
Munitions, to Project General Managers.&nbsp; Anyone who has ever
changed companies or industries will talk about wrestling with a
new business dialect.&nbsp; But it's not just the language that I
needed to make this change; it's the knowledge to lead at both a
tactical and strategic level.&nbsp; That's what the MBA gave
me.</p>

<p>Commissioning into the Royal Air Force in 2002 was my first
career-changing leap.&nbsp; The military encourages officers to
accept leadership responsibility very early in their career and I
thrived in these circumstances, building on engineer training to
successfully deploy military aircraft to trouble spots around the
world and manage projects across the Tornado fleet.&nbsp; Leading
110 technicians on operations, mentoring junior officers and
managing discipline challenges are experiences that will stay with
me forever - and not easily explained to some of my more sheltered
colleagues!&nbsp; My RAF service also helped me complete my
chartership and a second undergraduate degree (in engineering
management).&nbsp; After a hugely enjoyable six years, I felt that
my future career in the RAF would re-tread familiar roles and I
wanted a new challenge.</p>

<p>A stint as a project manager for Bombardier Transportation
helped me quickly realise how much I didn't know about applying my
experience to the commercial sector! &nbsp;I needed to reorientate
my leadership skills to managing in the business context - much as
I had developed military knowledge for a successful career with the
RAF.&nbsp; An MBA seemed to provide the transition I was looking
for.</p>

<p>After a lengthy application process, I was lucky enough to get a
place on the full-time MBA at <a
href="http://www.london.edu/">London Business Schoo</a>l (LBS).
This world-leading institution reflected environments I really
enjoy: highly collaborative, very academically challenging and
employing a global view.&nbsp; Deciding to undertake an MBA is a
big decision - it's a massive investment. Winning the funding of a
<a href="/scholarship/criteria.aspx">Sainsbury Management
Fellowship</a> (SMF), awarded through the <a
href="http://www.raeng.org.uk/">Royal Academy of Engineering</a>,
was the decisive factor in making this second career-changing
leap.&nbsp; I think an MBA should give you three real advantages:
technical skills, commercial leadership skills, and a powerful peer
network. That's exactly what I got from LBS, taking courses as
diverse as advanced corporate finance, strategy, business
communication, acquisition management, negotiating &amp;
bargaining, risk analysis, and accounting.</p>

<p>The scholarship not only enabled me to go to business school,
but also gave me access to an invaluable network of nearly 300 SMF
professionals with a vast range of experience and knowledge. This
network led me to several academic studies during my MBA, my first
consulting contracts after graduation and continues to be a source
of professional advice - as well as a great advertisement for the
benefits of engineers as industry leaders.</p>

<p>After the MBA, I wanted to work in a global engineering-related
business that actually produced something tangible, where I could
use the skills to make a strategic difference, but still benefit
from my experience of managing in a safety-critical
environment.&nbsp; Whilst at LBS, I was lucky enough to attend the
CBI conference, where I heard CEO Bob Dudley talk about the
turnaround of BP. &nbsp;I had not seriously considered the energy
industry before, but the values he described directly matched what
I was looking for.&nbsp; Fortunately, the company was looking to
start its <a
href="http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9038364&amp;contentId=7070287">
Future Leaders Programme</a>, to develop a more diverse leadership
talent pool in the downstream business.&nbsp; They recruit
externally for individuals with post-graduate qualifications,
relevant professional experience, international exposure and, most
importantly, leadership potential.&nbsp; The structured development
plan also helps in getting up to speed on the breadth of different
global business areas BP work in.</p>

<p>So here I am, working on BP's strategic plan.&nbsp; I miss the
camaraderie of the military, but professionally I haven't looked
back. &nbsp;Challenging, continual professional development has
always been important to me, and without the MBA I certainly
wouldn't be enjoying the career I am now.</p>

<p>&nbsp;</p>
]]></description></item><item><title>How the MBA Changed my Life - David Falzani, SMF President</title><link>http://www.smf.org.uk/blog-roll/how-the-mba-changed-my-life/2012/9/24/how-the-mba-changed-my-life---david-falzani,-smf-president.aspx</link><pubDate>Mon, 24 Sep 2012 16:27:36 GMT</pubDate><guid>http://www.smf.org.uk/blog-roll/how-the-mba-changed-my-life/2012/9/24/how-the-mba-changed-my-life---david-falzani,-smf-president.aspx</guid><description><![CDATA[ 
<p>CEO of a consulting company <a
href="http://www.polarislondon.com/Home/">Polaris Associates</a>,
David has extensive executive and strategic business development
experience in various industries. David began his consultancy
career with LEK Consulting which recruited him from the prestigious
Wharton School in Pennsylvania.</p>

<p>David has worked with a wide variety of clients including IBM,
British Bakeries, Kingfisher, BAE Systems, Marks &amp; Spencer,
Sainsbury's, 3i and Cooperative Bank. Additionally, David is a
Visiting Professor at Nottingham University Business School.</p>

<p>Let me start by saying that in my opinion an <a
href="http://www.find-mba.com/what-is-an-mba" target="_blank"
title="click to visit http://www.find-mba.com/what-is-an-mba">MBA</a>
(Master of Business Administration) is a beginning, not a
destination in its own right. No MBA can hope to make you any kind
of expert in one or even two years in as fluid and nebulous a field
as business. It does however offer a good introduction.</p>

<p style="margin-bottom: 0cm; page-break-before: always;">In
starting my MBA I think I had a well-researched set of objectives
and intentions. I already knew that a top MBA would double my
salary. I knew I would receive a useful network of contacts, a
toolbox of <a
href="http://www.businessschooledge.com/21-business-skills-to-succeed"
 target="_blank"
title="click to open link to http://www.businessschooledge.com/21-business-skills-to-succeed">
functional business skills</a> and have a call upon the school's
all important brand name to supplement my own.</p>

<p style="margin-bottom: 0cm; page-break-before: always;">
&nbsp;</p>

<p style="margin-bottom: 0cm;">What did surprise me was the
extensive rewiring of my brain that seems to have been an
unintended but virtuous side effect of the crucible of learning
environment. To illustrate this point, my first job after my MBA
was a role with a leading strategy consulting house (yes I know,
you may well call it "falling into the management consultancy
trap", but I call it a good place to consolidate new skills).</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">These firms are quite notorious in
the hours they can require you to spend. The economy was booming
and it was busy: I averaged some 70 hours per week in my first
year. But my point is that I recall this seeming like a bit of a
holiday compared to the MBA.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">The MBA really was an expansion
process that, yes, increased my understanding of how business
works, but it also quietly stretched my brain into something new
and improved.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">It was also one of the most
rewarding periods of my life in all kinds of ways.</p>

<p style="margin-bottom: 0cm;">Spending 40, 50, 60 hours a week
with the same group of people involved forming friendships and
relationships that were quite different to the norm, and remain
priceless. Also, the richness of the environment was astounding.
Imagine being surrounded by world class faculty, interesting
intelligent colleagues, being set continually stretching
challenges; a learning machine wrapped all around you to whet your
appetite and then satisfy it, and an addictive growing sense that
anything was possible. If I could have stayed on for another year
on my MBA, I would have jumped at the chance.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">Post MBA, the fun continued. The
opportunity to launch a start up business came via my classmates.
&nbsp;The confidence to <a
href="http://www.entrepreneur.com/vc100 ">raise venture capital
funds</a> came from the&nbsp;MBA. We may have missed the IPO window
with that venture but the lessons learned were incorporated into
the framework set down during the MBA. The next role was more
demanding: a tech <a
href="http://www.forbes.com/2010/02/11/turnaround-business-plan-entrepreneurs-finance-kramer.html"
 target="_blank"
title="click to visit www.forbes.com/2010/02/11/turnaround-business-plan-entrepreneurs-finance-kramer">
turnaround</a>. The next: a service business. And so the fun
continues today.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">Fast forwarding a few years, I still
marvel at how those lessons gave me an ability to immediately
understand the larger business picture, and the sense of confidence
that such insight brings.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">That MBA was a set of starting
blocks (if we'd made that IPO I would have said launch pad!) for a
learning journey that continues to intrigue and challenge, and
there's no sign of it getting boring or processional any time
soon.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">In answering how the MBA changed my
life, I should also ask myself what would the last 15 years have
been like if I hadn't done the MBA. Would I have been more
successful? I honestly don't know. After all, the vast majority of
the world's leading entrepreneurs and business persons don't have
an MBA, and many haven't attended any university, let alone
business school.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">Would I be better informed? I think
it's unlikely. As I say, as an introduction to business a good MBA
is hard to beat.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;">But would I have had more fun? I
seriously doubt it.</p>

<p style="margin-bottom: 0cm;">&nbsp;</p>

<p style="margin-bottom: 0cm;"><a
href="http://www.linkedin.com/in/davidfalzani" target="_blank"
title="click to read David Falzani's profiel">David Falzani</a></p>
]]></description></item></channel></rss>
