Also: Meet the real business environment--and it's SCORCHING.
Allow me, please, because I know a recent MBA graduate who was in my first class--with a background strongly in finance--and he and I talked about the Capstone class. The final class you take. And he told me that (1) there were students who did NOT have a strong finance background, and (2) he had to bail them out.
How/why? Each WEEK, YOU AND YOUR TEAMMATES in a group have to use one week = one year of making money for a company. The team that makes the MOST money gets the best grade. Are we clear on this? And you can imagine how you're going to feel if in your team SOMEONE doesn't have the chops to fulfill his/her portion of responsibility. Therefore...
From a movie in 2008; "Margin Call"; which really does indicate the background and aftermath of the mortgage industry crash that took down Shearson-Lehman Brothers brokerage--here's a boardroom business environment sequence of events. Just be aware that I told you so. And note this: the CEO is VERY aware of everything--including that he has @ a $70 million-dollar-salary that he's NOT going to lose, and that he knew about this problem with bundling mortgage packages from the start. And he wants to see who in his team will speak up--or not. I use this lesson in 707 for a reason, and in 711, it's just as valid as it will be in the capstone class. If finance isn't your game, you STILL will see it. That's also why I emphasize risk management--which IS part of these movie clips. It's the role of the guy in the blue tie who is just as much to blame--but saves HIS job. And the poor guy who's the sales manager wants OUT at the end--but he NEEDS the money--and the CEO has him where it hurts.
Business Environment 711, at your leisure. (My apologies ahead for any offensive language in the videos; I did not write the script. But I am sure the conversation is quite real.)
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