Beyond Business School Admissions The Most Important Task

The MBA application doesn’t end with the GMAT. After students are successful with the test, the process has just begun. Even beyond business school admissions--choosing schools, writing essays, rounding up recommendations, and getting into their dream programs--they have a lot of work to do before starting their programs. Choosing the right school, of course, involves multiple variables to the MBA hopeful: location, subject area of expertise, tuition, and most importantly, prospects for job placement after school. The most important thing to do before going to business school is a critical input to this last variable. Namely, students should take off time to decide what they want to do after business school, before going to business school. To many MBA applicants, this recommendation runs counter to the purpose of business school. Having spent several years in a certain industry, they are eager to spend the first year of the MBA program determining where their passions lie. However much as this may have been the model in prior years, lower employment capacity in bread-and-butter MBA hiring industries such as investment banking have made getting a job increasingly competitive. This fact applies even for the best MBA programs. Having seen many people go through the hiring process, I have found that the students who place into the best jobs are often the ones who have chosen their goals for employment early in the process. Firms begin recruiting on campus within the first few weeks of the semester, and many of the most desirable ones – management consulting firms and Fortune 500 companies alike – choose their summer interns and full-time hires within the first two months of school. The reality is that business school students don’t have the luxury of time in figuring out what they want to do. Furthermore, each industry has its idiosyncratic methods of choosing their employees – the case interview, for example, is the standard method for hiring consultants. This method is unlike any other industry’s standard for interviewing, and takes weeks to perfect. Take the time to reflect on your goals before starting your MBA. The endless stream of social activities, clubs, and companies will inundate your calendar the first few months of school. Don’t let these things distract you from the reason you are investing so much time and money into your MBA – to ramp up your career, starting with the first job out of school. ;

Identification on the Types of Decision Making Environment - 4950 Words

Identification on the Types of Decision Making Environment (Essay Sample) Content: FACULTY OF EDUCATION AND LANGUAGE (FEL) 2016 BBPP1103 PRINCIPLES OF MANAGEMENT MATRICULATION NO. : 920629125380001 IDENTITY CARD NO. : 920629-12-5380 TELEPHONE NO. : 016-8396253 E-MAIL : rebyhs92@live.com LEARNING CENTRE : Sabah Learning Centre TABLE OF CONTENTS CONTENTS PAGE INSTRUCTIONS 2 INTRODUCTION 3-4 IDENTIFICATION ON THE TYPES OF DECISION MAKING ENVIRONMENT 5-7 STEPS OF RATIONAL DECISION MAKING IN SAMSUNG 8-11 HOW TO IMPROVE DECISION MADE BY SAMSUNG (RECOMMENDATIONS) 12-14 CONCLUSION 15 REFERENCES 16-17 INSTRUCTIONS Do not copy the assignment question and instructions to your answer. Prepare your assignment answer following the layout of the ASSESSMENT CRITERIA shown in the RUBRICS provided for the course. Where RUBRICS are not provided, follow the instructions/guidelines specified by the Faculty for the assignment concerned. Your assignment should be between 2500 to 3000 words EXCLUDING references. Type your answer using 12 point Times New Roman font and 1.5 line spacing. Show the number of words at the end of your assignment. Tables and figures where provided, should be appropriately titled. List your references separately in the APPENDIX page. SAMSUNG 1. Introduction On March 1, 1938, Samsung was founded by founding Chairman Lee Byung-Chull as a trading company in Taegu, Korea, with only 30,000 won. Samsung started as a small export business in Taegu and had grown to become one of the worlds top electronic companies. Samsung actually means three stars, which represents something huge, numerous and powerful, and is considered as the most profitable company in South Korea, as well as the largest South Korean chaebol. Samsung is also the largest smartphone maker in the world with the revenue of US$ 305 million as of 2014 (About Samsung, 2008). Over the next thirty years from 1938, Samsung entered into areas of food processing, insurance, retail, securities and textiles, and finally into the electronics industry in the late 1960s as well as the shipbuilding and construction business in the mid-1970s. 800 million mobile phones have been produced by Samsung with telephone, fax and mobile phone manufacturing system being grouped altogether under Samsung Electronics in the 1980s. After the Chairmans death in 1987 and since 1990s, Samsung has globalized its activities, specializing in media and digital appliances, memory, conductors and system integration. With its business focusing primarily on trade export, in less than 10 years, Samsung would have its own confectionary machines and flour mills, as well as its own sales and manufacturing operations, and finally evolve to become the modern global corporation that produce approximately a fifth of South Koreas total exports and its revenue amounted to 17% of South Koreas GDP. In 1990s, Samsung started to rise as an international corporation and in 1993, ten of Samsung Groups subsidiaries were sold off by Lee Kun-hee (the current Chairman of Samsung Electronics), the company was then downsized and other operations were merged to concentrate on three main industries, which were engineering, chemicals and electronics. In 1992, Samsung became the worlds largest producer of memory chips and placed second after Intel in being the worlds largest chipmaker. In 1995, Samsung created its first liquid-crystal display (LCD) screen and grew to be the worlds largest manufacturer of LCD panels a decade later. Samsung survived the 1997 Asian financial crisis but Samsung Motor was sold to Renault in the process. In addition, Samsung manufactured aircrafts and gas turbines from the 1980s to 1990s. Samsung then opened a computer programming laboratory in Poland in the year 2000, and entered into the biopharmaceuticals industry in 2010. By 2012, Samsung Electronics had become the worlds largest mobile phone maker by overtaking Nokia and Galaxy S4 was unveiled in 14 March 2013. Gear VR, a VR device, which was in collaboration with Oculus VR was announced by Samsung on September 3, 2014 to facilitate Galaxy Note 4. As of January 2016, Samsung released a fitness smart watch called the Gear Fit 2 and a brand of wireless ear buds called Gear Icon X, as well as working with Microsoft to develop IoT devices that will run on the platform, based on Windows 10. Identification on the Types of Decision Making Environment 2.1 Certainty When making decisions in certain conditions, it means that the decision maker has all the complete and necessary information for him/her to make the decision. However, it was proven to be difficult to find complete certainty in most of the business decisions as it can only be noticed when making routine-type of decisions. Hence, these decisions usually are of very little significance to the overall operations of the business (Essays, 2013). In certain conditions, with all the information available, decision making can be ascertained as the decision maker is able to predict the result of the decision made with certainty. The decisions/choices/alternatives that give the best results will then be chosen and executed, as well as being reviewed to evaluate the effectiveness of the decision. For instance, Samsung has been operating for many years, and the printers that they use are very outdated and faulty from time to time. The board of director of Samsung then decided to buy new printers and replace all the existing ones. After reviewing wide selections of brands, the final two alternatives of brands are Canon and Xerox according to brand popularity in the market. With all the information available from the websites that promote these brands of printers, predictions can be easily made and this is a decision made under certain conditions. 2.2 Uncertainty When making decisions in uncertain conditions, it means that the decision maker is completely in dark or clueless regarding the event that is likely to take place as more than one type of event can take place. This is similar to lack of information that can help us to decide as the ...