Scrutinized many MBA programmes, but seldom do I come across a course which teaches policy
A course titled "#Seminar in Business Policy" should be a capstone model taught to all #MBA Generalists.
Why business schools don't teach such courses as seminars or electives is beyond me?
Like where I have seen Business School Students suffer the most is when it comes to writing down a policy in their relevant area.
So, that is where consultants come in!
That makes matters worse.
Of course, #MBA is a professional qualification.
But, that does not imply professionals should have weak drafting skills.
Hence, for policy manuscripts, organizations turn to academicians or scholar-practitioners.
Business Pedagogics needs re-tooling, reskilling, & re-profiling.
One thing, I would like to add, is that firms with a scale in the past had a separate study room, which replicated a library with an indexing ecosystem.
Mostly, all law firms have a library, where employees can refer to case law verdicts.
The Internet has replaced libraries.
Hence, most of the office staff when asked to develop a concept paper, a policy, a strategy or any other plan or procedure, just do so, by cutting and pasting from the internet.
That is corporate #plagiarism.
MBAs are very good at plagiarizing.
That is what business schools teach them.
Projects and surveys conducted by business school students, do everything, except for referencing using the date-author method.
Bad habits continue when they join the workforce.
And it's not just policy, strategy, etc!!!
When I was supervising equity research analysts, across asset management firms and different banks, most of the arguments presented in buy or sell-side investment reports have no citations.
Especially, the cut-and-paste illustrations.
It is not the fault of workers to overlook the academic nitty gritty!!
The Professional World builds upon a sales pitch.
In offices time is of the essence, but, business communications, such as inter-office memos and manuscripts prepared for customers should not stray too far.
"The economy will grow by x %"
This is the style most CFA and MBA Finance Colleagues have when it comes to drafting investment proposals.
Never use the expression "will" because humans err
Most of the analysts are sacked later because they are so egoistic about their models.
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#Financial#Literacy begins at home.
Teach your children to save coins, and small notes, inside a locker, or some other toy which imitates a treasure chest.
Once they do that, they will be careful with spending and saving for the rest of their lives.
Awareness matters!
When I was a kid, I remember banks visiting my school to open student #savings accounts.
They used to give students #passbooks, which operated as cheque books.
Parents were cosignatories.
That is how I developed a passion for saving money.
Most of the developing economies fail to grow well because they have a savings crisis!
They need to import #capital from overseas to fund development projects and fix the gap between investment resources.
SE- Asian Nations have done well because of a high domestic #savings rate.
Never do a PhD Degree with your own money
It's not worth it.
You should only apply for research if scholarships are available and in addition to that, you can make some extra stipend through assistantships, on-campus work, etc.
I see many unemployed people committing this mistake
Look, if you cannot find a job after a BS/BA, or a Master's Degree, then there is either something wrong with your education or the economy in which you are applying for work.
But, investing more amount of money into education with gaining practical experience is pillage for unis
Have seen many STEM (excluding Computer Science or IT) students suffering from a mental blockade.
They keep on studying until they get stuck in the doctoral or post-doctoral program.
Utter waste of life, time and resources.
Better things to do in this world.
In the first world, you can do a lot with this kind of degree.
Many political science graduates can find work as a journalist/editor/ reporter with the newspapers, or work as a consultant with the electronic and social media groups,
or as a social-cultural and /or political experts with the advertising firms, or get work at some media campaign advisory and publicity firm!
What Pakistan needs is a financial stability roadmap and with it, it shall attain a level of Macroeconomic stability with strong microeconomic foundations.
The entire purpose of macroeconomic stabilization programs is to provide that sense of security and stability, but, unfortunately, the IMF Lending Agreements, have not helped.
Pakistani macroeconomic structural imbalances remain a festering wound and resource gaps as a percentage of GDP are increasing, which makes us vulnerable to both external shocks and painfully delays internal adjustments.
Met a CFA today who lost so much money, and only a few days back had the privilege of meeting a top broker in my country, who made millions on the same day!
Investment is not just about education.
Market whims matter when you trade-in & out of positions.
Research versus timing
Especially, Retail Banks, that have Capital Market and Investment Banking Desks, lose so much money on bad days.
Banks should cap their equity market exposures using some haircuts such as capital, etc.
It's not their forte.
As an #ERM Consultant, I normally don't advise conservative commercial banks to venture into financial derivatives and structured products.
It's high risk because firstly, they don't have the trained manpower, secondly, they lack the intelligence, and, lastly, the risk appetite.