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A Visit to the ECB

26 Feb

There I was, staring at a tower that reminded me of the sheer power of authority. If the surrounding skyscrapers were not already a gaping sight, the ECB stood strong in the middle with the Euro clearly displayed in the heart of Germany’s financial capital, Frankfurt.

ECB

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Besides excellent professors, cutting edge facilities and great classmates, the MBS experience also offers certain privileges that are limited to “once in a lifetime” (normally of course!!).  The trip to the European Central Bank was one such opportunity.

The security greeted us with thorough baggage and security checks followed by the mandatory identity verification. For once, I felt the security checks at the airports were a walk in the park! What awaited us was a true plethora of surprises (and I will not spoil any).

The euro zone is probably going through one of the worst patches since its formation. The specialists at ECB gave us a true insight into the macroeconomic factors and future prospects of the euro. Coming from the lion’s mouth, these presentations gave us an in-depth insight into the  euro zone from an insider perspective.

Macroeconomics – a word that tells a lot of stories. According to our distinguished professor it is “a subject that explains every phenomenon we see around us”.

Adding to the experience, we networked with some bankers from the region over sparkling wine and Käse, discussing economics to our hearts content.

The setting sun and the view of the Schloss made me realize the day has come to an end. And, of course, that I need to prepare for the next adventure!

– Anoop Thampy –
Mannheim MBA Class of 2013

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Days in Mannheim Business School

26 Nov

Strategy without implementation is a day-dream; Implementation without strategy is a nightmare. More I read about it, more I feel.  Setting up a strategy and implementing those sounds real easy but is it that simple? I wonder if this was so easy, every product in the market would have been a success story.  A good marketing strategy can make a brand and people would line for hours to buy the products. And sometime a product from a top brand with huge marketing fails. What could be the reasons? If I combine my knowledge of strategy with marketing, I would say… it depends :-). All that matter is successful implementation of a good strategy.

I neither studied nor worked in finance before. Financial statements to me were just sheet with revenue and profit. But the same tabular sheet now makes a lot sense to me. The financial statement speaks up everything about the company.  Group case studies helped me understand key financial concepts.

Macroeconomics is a good subject and open economy is interesting topic. The funny examples from our Professor made me understand this complex topic better. I can now explain benefits behind the open economy. It’s interesting to understand how a part of an economic can be made more competitive by just adjusting the exchange and interest rates and vice versa. The professor had so much knowledge, ask him a topic and he has an interesting example/story to tell you. Just listen to the meaning behind the story and you under the topic.

“Leadership talk” with a top leader from a leading customer product company was so interesting. He had so much knowledge, such a clear strategy and understanding. He had solution for every possible leadership challenges – cross culture, motivation. You name it and he has an experience to share.

This is the beginning, more to follow ….

-Bikram Shrestha-

Mannheim MBA 2013