Wednesday, March 23, 2011

Do More Faster

If you are an entrepreneur or a wantrepreneur (want to be entrepreneur), please read the book 'Do More Faster.' Especially if you want to do a web startup. I have ready 1/10th of it and I am already so inspired by it, and have learned so many great lessons, its amazing. One of the best books I have read ever, by far.

Speaking of Entrepreneurship, I am learning Ruby on Rails right now, and might code and launch an application soon to test an idea. What, learning coding in B School? Yes. Life has a way of going around in circles.

Sunday, March 20, 2011

Business school lingo

I am working on a video on Business School lingo. It is spring break, so I am lazy and so it is taking forever. Till then, enjoy this related video I found on youtube

Tuesday, March 15, 2011

Feedback and Rypple

A few days ago, I was talking to some of my Kellogg friends, and we were discussing good ways to give feedback to each other. Kellogg does have a standard survey that any student can send out to his/her group mates for that quarter, but the rates of people filling out the survey are dismal; I have tried sending it out for two quarters, and have gotten a grand total of two responses.

My Leading and Managing Teams class taught my Professor Apfelbaum was a completely different experience. Professor A mandated that each member of the team think of five positive and five negative pieces of feedback for each team member, type them up in a template that he provided in a font that he specified, and then tear each section apart and put in the person's envelop, thus making the feedback anonymous. The feedback I got from this exercise was invaluable. Thinking of ten pieces of feedback for each member of the team wasn't fun, but it was a very valuable exercise in the end.

So back to what I was thinking - I thought why isn't there a way to give anonymous, constructive feedback in companies? Why cannot people recognize each other for a job well done? After all, aren't we giving each other feedback in some way via Facebook likes, Twitter retweets etc?

Enter Rypple. According to their Crunchbase entry, they were founded in 2008 in Toronto, and raised 7 million dollars in Series A funding in 2010. The software promises to get rid of performance reviews that "suck" and instead brings a culture of constant feedback and learning to employees. I can see such reviews and feedback items being extremely helpful, and bringing in a useful perspective on yearly performance reviews. I love the idea. However, I see some issues with this product as it is right now:


1. First of all - Rypple up being another social network for the enterprise; and there can be just one. Yammer and Chatter (from salesforce.com) are going head to head against each other; Rypple needs to find a way to work with them rather than standing alone.

2. I think that the product is missing an initial hook to bring in users. It uses a Yammer like go to market approach, where anyone can sign up for a free account, and the organization can 'claim' the network later for $5 per user. However, if I was in Rypple's place, I would try to provide value right out of the gate; for example, what if I could sign up for Rypple, then send a feedback request to anyone in my company, and they can give me anonymous feedback without needing to sign up? I get immediate value, and people who give me a feedback get an opportunity to sign up for an account. As they hear more and more about rypple, they eventually sign up and there you have people up and running on it!

3. The name - why is the name Rypple? Don't get it.....

4. Last, but not least, implementing Rypple will involve a sea change in how a company works. I guess others - like Yammer - have made that change in companies, but I would argue that Rypple involves an even greater change in how we give feedback to each other, how public we make it, how often we look for/want feedback.

On the positive side:

1. Love the inbound marketing approach. They already have videos with several customers up and running

2. Product design is fairly good, though a lot of features do make it somewhat confusing

Good luck Rypple. Excited to see where this goes...



High Level Rypple Demonstration from Rypple on Vimeo.

Wednesday, March 2, 2011

Career Leader

One of the key tests students take to understand one's suitability to different careers is called 'Career Leader.' I have taken this test several times; once a long time before B School, once in my first year of Kellogg, and once in my second year. The test is supposed to help decide which Career is a good match for you, and which is not.

While I found the career leader to be a great point of starting the self-reflection process, I did see that my suitability to various careers seemed to change significantly over the years. Here is an example:

2007:




















2nd year after my summer internship in consulting: Notice that Management Consulting is now near the top of the list



























A key determinant was my interest in 'Theory Development and Conceptual Thinking.' I believe that Business School education has changed this significantly; I have really enjoyed learning frameworks, thinking about Business Strategy through the frameworks learned in courses such as Business Strategy and Competitive Strategy. So will Management Consulting continue to be the perfect suitable career for me? We will find out in a few months...