Ariane Game @ ESSEC

Author: Alexander Stanza Tan, Indonesia

We, the double masters students, joined an orientation week for new students at ESSEC. At the end of the orientation week, we played a business simulation game, called “Ariane Game”. There were roughly 250 participants in this game where we were all divided into 10 universes, each universe having 5 groups. In groups of 5, the students would manage a ‘company’ that sells ski and racket products to compete with the 4 other companies within the same universe.

To motivate us, ESSEC gave out prizes for the winner of each universe and for the winner of a specific category, e.g. best presentation, best forecast, etc. To make the game a little bit more challenging, we could sell 3 types of products: ski elite, ski 2000 and racket. The qualities of the ski elite and the racket were fixed while we had freedom to define our own ski 2000 quality. Of course, this complicated the pricing strategy. Furthermore, the interest rate for financing the company may change along the way when the demand for financing increases.


The ‘scariest’ moment of the game as results were being announced!

My team consisted of 2 other new ESSEC students, one from a double masters student from Mannheim University, and the other member, a double masters student from The NANYANG MBA as well. In our first meeting, I proposed to formulate a broad objective while focusing on our individual roles. We decided to adopt the low-cost strategy and divided the company into 3 main parts: Marketing, Production and Financing. Since I am pursuing my MBA with a specialization in Finance, I took on the finance role.

Leveraging my computing skills and knowledge that I gained from The NANYANG MBA, I constructed an Excel spreadsheet to ease the financing decision. This allowed us to foresee 4 periods ahead of us. As a result, we were able to forecast our cash inflow and outflow with around 1-2% error and to generate sustainable profit. We ended up being the second highest gainer in our universe. Fortunately, impressed by our management capability, the judges chose us to be the winner of our universe. Additionally, we won the “Best Financial Forecast” title as well!

From this game, I learned that everyone in the same company must go toward the same goal. To do so, everyone in the company must think of themselves as being in a team. They must trust each other and contribute the best they can for the team. No one should regret the mistakes they made, instead, learn from them and move forward. I also learned that forecasting sales is difficult and making financing decisions play a major role within a company. Some firms were bailed out, while some others went bankrupt.

What I also realized from this game is, without a good understanding of Cost Accounting, a company may overstate or understate its profitability, or worse it may end up in losses. Cost Accounting also provides guidance for a company’s production department to realize that it increases unitary cost if the department cuts down its production.

I feel very fortunate to have this opportunity to come to ESSEC and to experience this game, and I personally wish that my colleagues in The NANYANG MBA can participate in similar business simulations or case competitions as well. It will not only give them the necessary experiences in a business environment but also make them apply all that they have learned from The NANYANG MBA.

I cannot imagine how I was a Computer Engineer when I first entered The NANYANG MBA, but by now, I can really see the progress I am making and I look forward to the day when I will run my own company very soon in the future.

Applications to The NANYANG MBA 2011/2012 intake – NOW OPEN!

Author: Cynthea Lam, Marketing Manager

Each year, we receive thousands of applications and we spend a considerable amount of time and efforts pouring through each application in detail. Each application is
important to us, as this is a critical step to grooming leaders for a sustainable world.

Many are curious as to whether there is a certain set of criteria that determines
entrance into the program, and the answer is, no.

Firstly, to be able to apply, you should already be prepared with some of the
mandatory requirements such as a GMAT score (of a minimum of 600 points), a
minimum of 2 years’ full-time working experience post bachelor degree, a bachelor degree and a TOEFL score (of a minimum of 100 points) if English was not the medium of instruction at your university.

The application form is an important document that must be duly filled out and
submitted before we are able to study an applicant’s profile. Hence, we’re unable to
accede to email requests for quick ‘advice’ of an aspirant’s ‘chances of getting into the program’, based on their work history and simple description of their educational
backgrounds.

A holistic view into your true calibre would only be visible to us, through your answers entered into the application form, your career journey in the form of a CV, and all
other accompanying documents, including your GMAT score. This then allows us to
fairly and accurately access you against all the other qualified applicants, and haul
you in for an interview if you have been shortlisted.

Whilst there is no typical profile we look out for, year in year out, a single criteria
remains constant; we admit individuals who have the X-factor to become responsible
leaders who have the intrinsic qualities to lead in a sustainable world. An aptitude that
matches the program’s objectives clearly puts you ahead of your competition.

We encourage you to answer all questions with your innermost ambitions and
earnestness. Nothing matters more than being true to yourself. And as with any job
application, you should attend the interview well-prepared, especially with a well-
charted career plan.

With this, we wish all aspirants to The NANYANG MBA all the best in this endeavor and a fruitful journey to their goals!

For more information about The NANYANG MBA, visit
www.nanyangmba.ntu.edu.sg

To apply to The NANYANG MBA, fill out this form.

Application Deadlines:
Round 1 – 31 December 2010
Round 2 – 31 March 2011

Mentorship – How do we begin?

When we were kids, we look to our parents and to other adults for guidance and help
in the obstacles we face in our little worlds. No matter how much we have since
grown and changed, one aspect of us remains the same – we still seek help and
guidance, and look to those who serve as good examples; as professionals, we seek
mentorship.

We rely on others to teach us what we need to know to get through life because
following the advice of a good mentor can make a floundering career flourish, or even
springboard your career.

Mentors can serve a variety of purposes, they may offer us advice and guidance in
getting ahead in the world, and also give us encouragement and even push us when
we need a gentle shove. They also may simply lend us their ears when we need to
talk with someone.

The best place to look for a mentor, is right in front of you. Look around you
at work. Is there an individual who you admire and respect? Someone who has always impressed you with their insight and preceptiveness? Maybe your boss or your boss’s
boss. Maybe it’s a Vice President in a different division. It could even be the older
individual who isn’t currently a top executive of your firm, but who you know has lots
of experience. The key is to look for someone who shows brilliance in an area in which you would like to develop.

Approach that individual and ask if they would consider being your mentor. Depending
on the individual, and your current relationship, your proposal will vary in the amount
of detail and how it is delivered. At the very least, let them know why you
have selected them and what you hope to learn from the assocation. If appropriate
for the specific individual, you can also discuss amounts of time to be commited on a
regular basis.

When it comes to building a mentoring relationship with someone you already
know, the best first step is to request a meeting or coffee date to ask for advice on a particular issue. Most people – even busy people – will be happy to share their wisdom if you make it easy for them and ask nicely. Don’t jump right into requesting a
commitment to a long-term mentor relationship. Make a great impression at your first
meeting and establish a rapport. Often, the mentor/mentee relationship develops quite naturally from there. It’s usually not necessary to have a formal “Will you be my
mentor?” conversation.

It can be a bit trickier to approach a prominent person that you don’t know
personally. You can start by trying to arrange for an introduction through a mutual
acquaintance. You can also seek out events at which you may run into your future
mentor. Once you’ve made contact, you can move forward to the meeting/coffee
date step.

For those who are bold, the mentor “cold call” approach does work sometimes.
Possible ways in is to introduce yourself in a gracious email that oulines your
admiration for this person, and indicating your interest in learning from him. Request
for a first meeting and from there, establish a relationship.

Most people who take the time to mentor do it because it’s rewarding for them to help and they like the idea of paying forward the wisdom they’ve received from their own
mentors.

The strongest mentorship relationships are reciprocal. Let your mentor know that
you’re available to help and look for ways to give back. That might mean making an
introduction, offering objective opinions or ideas, or providing an excellent restaurant
recommendation. If as a young professional don’t have a lot of connections or
wisdom to share with youe mentor, you can offer your unique perspective from the
entry level of the organization and through the skill sets you already have.

Understand that your mentor’s time is valuable. Set goals for each session and
prepare focused, smart questions. That doesn’t mean you can’t go off on interesting
tangents, but you should plan for each meeting. You want to make every minute with
your mentor count. Your mentor will appreciate the fact that you’ve done your
homework and enjoy the more interesting conversations that will ensue because of
your preparation.

Report back to your mentor regularly on your progress and any breakthroughs or
successes you have garnered after using the advice they have given you. Show them their time with you have been fruitful and you are increasingly getting prepared to
similarly pay it forward to be someone else’s mentor.