Sunday, May 22, 2011

Nota Bene II

Kellogg is hosting the Nota Bene series for graduating second years.Last week we had the second event in the series called 'Nota Bene II: Applying MBA Lessons to Your Life.' It featured some amazing Kellogg professors, Professors Tim Calkins, Daniel Diermeier, Kathleen Hagerty, Victoria Medvec, Derek Rucker and Florian Zettelmeyer. The panel was moderated by Professor Adam Galinsky. The event was amazing; particularly for some comments from Professors that I cannot post on this blog. However there were some great quotations that I noted down. All quotations have to do with failures that professors have experienced in their lives:

"Sometimes you have to fail on purpose, in order to progress further." - Derek Rucker, on having a terrible meeting with his colleagues on his way to establishing a center for marketing practice at Kellogg

"Over time, the things that you regret most are your inactions. You hardly ever regret your failures" - Victoria Medvec, on not negotiating enough when it counted, even though she loves to negotiate always (e.g., at the grocery store)

"Go back to the basics. Even negotiations professors fail at negotiations when they mess up the basics" - Adam Galinsky, on messing up a negotiation for his twin brother (an example he mentioned in class as well)

"Management by analogy is dangerous. Extract commonalities, but remember to understand what's different in the situation" - Florian Zettelmeyer, on overestimating market potential, when he ignored the fact that people, after a certain age, tend to die with increasing probability

"In your first post-MBA job, stay till you get promoted. This way, no one looking at your resume will be in doubt that you were fired" - Tim Calkins

"I like the professor, but not as much as the professor likes himself" - quote from TCEs that Professor Galinsky got from the class of 2011. He realized he talked a lot about his successes, and not much about his failures.

"First, I want to be as nice as possible. Second, I like to be straight with whoever I am negotiating with " - Kathleen Hagerty, on hiring some of Kellogg's brightest faculty as Associate Dean

"I love talking about depressing things." - Daniel Diermeier

"I love Stata" - Florian Zettelmeyer, on Stata

"You will be fine at McKinsey" - Florian Zettelmeyer
"I am not going to McKinsey" - 2nd year student
"Oh crap (not said, but implied)" - Florian Zettelmeyer

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