Archive for the ‘mba’ Category

Gans on MBS-FEC Merger

Wednesday, September 30th, 2009

Joshua Gans has written an excellent post on the proposed merger between Melbourne Business School (MBS) and the University of Melbourne’s Faculty of Economics and Commerce (FEC) that didn’t go through.

In it, he lists some of the factors that contributed to the merger being blocked; such as the differences in organizational culture, teaching culture, and industry engagement between the two schools.

He isn’t as concerned about competition from the FEC as I am (more on this some other time) but, like me, he is very optimistic about MBS’s future and place in Australia and the Australian education industry.

MBS-FEC Proposed Merger Will Not Proceed

Wednesday, September 30th, 2009

In an interesting turn of events, Melbourne Business School (MBS) announced today that its proposed merger with the University of Melbourne’s Faculty of Economics and Commerce (FEC) will not proceed. (Go here for background.)

Indeed, this won’t even been put to vote at the 7 October Extraordinary General Meeting of MBS Ltd’s members (read: shareholders) because the resolution is bound to fail. That’s because enough members have already told the Board they will vote against the merger so there’s no way the Board will get the majority needed to proceed.

Why Will Some Members Vote Against the Merger?

I’m not exactly sure because they haven’t said.

I can speculate, though. Maybe they don’t want to dilute MBS Ltd’s focus (or brand) because, post merger, they would have had the added responsibility of managing the undergraduate economics and commerce programme. Maybe it’s less about the lack of focus and more about sticking to what you know you’re really good at (i.e. graduate-level teaching). Maybe they think the merger is good in theory but would be impossible to pull off in practice. Maybe it’s lots of separate little issues that, collectively, become one big one. I don’t know.

Regardless, the members are obviously not convinced that the merger is good idea and, since they have the deciding vote in the matter, it’s been called off.

As MBS Chairman Ron McNeilly said:

“Ultimately the continued success of MBS depends on the support of its members, alumni, students, clients and the broader business community.  The Board has accepted that without the overwhelming support of these stakeholders, a merger at this time would not be in the best interests of the School.”

Meanwhile, the University of Melbourne’s Vice-Chancellor Glyn Davis had this to say:

“Over time this will be judged a missed opportunity for the University and the MBS to create the strongest business school in our region.”

That may be true and, who knows, the merger could still take place a year from now or three years from now. All we know is that it’s not happening now.

What Next?

Both MBS and FEC will continue to operate they way they’re operating now.

But, of course, they won’t. They’ve just gone through a process in which they identified their gaps, overlaps, and opportunities for growth. Their conclusion was that they should work together and they went as far as to plan exactly how they’d do that. And now they’ve been told it’s not going to happen. So, yeah, things won’t go quite back to normal.

Meanwhile, the confusion in the market of whether you should do a masters in business from FEC or a masters in business administration from MBS will remain. Here’s hoping they start by making things like that clearer because, if they don’t sufficiently differentiate themselves from each other, the competition won’t help anyone…least of all potential applicants to both institutions.

AFR BOSS Ranks MBS MBA at Number 1

Saturday, September 12th, 2009

The AFR’s BOSS magazine recently published the results of its biennial rankings of MBA schools in Australia:

I haven’t bought the magazine and read the detailed results myself yet but Manns’ article lists the top five schools as follows:

  1. Melbourne Business School (University of Melbourne)
  2. Monash University Graduate School of Business (Monash University)
  3. Macquarie Graduate School of Management (Macquarie University)
  4. Australian Graduate School of Management (University of New South Wales)
  5. University of Western Australia

The rest of the article was too painful to read online so I only skimmed through it and, therefore, have nothing further to say. Clearly they want us to go buy a copy of their magazine.

By the way, 22 business schools and 1,732 b-school alumni took part in the survey that these rankings are based on.

Catching Up

Saturday, August 29th, 2009

I haven’t been blogging much these last few months. That’s because three months ago my wife and I moved into an apartment that has no land line and only a satellite cable TV connection. (We didn’t think to ask about the former before moving in here because, really, when was the last time you heard of a house that didn’t have a land line connection?) What this means is that, till just recently, we didn’t have Internet access at home; certainly not cable and ADSL, but not even dialup!

What Happened Then?

It took Telstra (the only phone company that services this area) about six weeks (yes, six weeks) to give us a connection from the telephone exchange to our apartment building. However, we don’t have an outlet in the wall for a phone jack so we can’t actually use that line. Even worse, the electrician who came in to install that outlet couldn’t find where in the wall our telephone wire was so he wasn’t able to connect us. That was about a month ago and, since then, we’ve been waiting for our real estate agent to do something about this – specifically, getting the building plans from the owners and giving them to the electrician – but nothing’s happened yet.

I finally got sick of the situation so, a couple of weeks ago, I went and got us a mobile broadband connection from 3 (specifically, a USB wireless modem) and that’s what’s letting me access the Internet now. We then went a step further and bought a wireless router for the modem so now both my wife and I can access the Internet at the same time. It’s slow, but at least it works.

What about blogging from work, you ask? Unfortunately, work has been really busy (though incredibly enjoyable) so I haven’t had the mental energy to do any writing in the evenings (whether at work or offline from home). The only blog posts I have managed to finish are the ones I wrote on a weekend and published from the office the following work week.

So, Catching Up…

What all this is leading up to is the fact that I have lots of catching up to do. The way I’m going to do that is by giving you a bulleted list of all the stories I’ve wanted to talk about these last few months but haven’t been able to discuss. The stories range from basic, on-the-ground advice (and lists) to more high level discussions on a particular topic. They’re all good to read, though.

Jobs, Careers, & MBA

Social Media

Online Design, UI

Online Marketing

General Life Advice

MBS-FEC Merger: Consultation Period Extended

Friday, August 28th, 2009

Quick update: The MBS Board met at an Extraordinary General Meeting on Wednesday to discuss the proposed merger between Melbourne Business School and the University of Melbourne’s Faculty of Economics and Commerce (see previous post for details).

They decided to postpone their decision for six weeks so a more detailed consultation with constituents could be carried out. The MBS donors (i.e. the constituents of the Board) will now vote on the proposed merger and change of constitution on 7 October.

MBS-FEC Merger Announced

Sunday, August 9th, 2009

UPDATE (1-Oct-09): This merger will no longer proceed. Details here. Also read Joshua Gans’ post on this.

The last time I talked about the merger between Melbourne Business School and the University of Melbourne’s Faculty of Economics and Commerce (FEC) the two schools had:

  • agreed in principle that were going to merge
  • started a consultation process to figure out how that would happen.

Since then, they have agreed on the proposed merger and are now waiting on approval from the Members of MBS Ltd – which is the not-for-profit organization that governs Melbourne Business School – before they can go on.

Announcements and News Reporting

This was announced by both MBS and Melbourne Uni:

And has also been discussed in the media:

Yes, the jobs angle was a funny one for The Age to take but I presume they did that because the timing of the merger announcement was unfortunate: Melbourne Uni had only just announced that they were going to cut 220 jobs because of the financial shortfall brought about by the global financial crisis.

Communicating the Plan

In order to give us stakeholders a chance to find out first-hand what was going on with the merger, MBS invited students and alumni for a Questions & Answers session with Acting Dean Jennifer George and Professor Richard Speed.

It was hugely encouraging to know that a session like this had been planned. Mergers are difficult times for both organizations and, during this period, it’s crucial to have this kind of stakeholder communication and engagement. And by ‘stakeholder’ I mean everyone involved in the organization so that includes employees, students, alumni, prospective students, faculty, academia, industry, government, accreditation organizations, suppliers, employers, partners, the media, and so on.

Further, this communication and engagement needs to be:

  • frequent
  • take place at all levels of the organization, and
  • discuss the issue to varying levels of depth depending on who you’re talking to and what’s important to that group of people.

Fortunately, that’s exactly what MBS is doing and this session was an excellent first step.

What was also good was the kind of session that Jenny and Richard ran: it was completely open, honest, and we could ask them anything we liked. They didn’t, of course, know the answers to all our questions – there are still numerous details to be worked out – but they did manage to cover all the important points.

What I liked most about the session, though, was the sense of excitement and realistic optimism that everyone seemed to have. This merger is an exciting opportunity and, though everyone knows it will be difficult and complicated to pull off, we are looking forward having a crack at it.

Details About the Merger

So what have we learnt so far about the proposed merger?

  • The organizational structure of the merged entity, called the Faculty of Business and Economics (FBE), has been finalized:
MBS - Uni Melb Merger Org Chart
  • The main merging is taking place in the graduate space because undergraduate and executive degrees and courses will probably not change very much post-merger. How exactly the graduate space (i.e. degrees, courses, schedules, fees, classes, faculty, research, etc.) will change has yet to be finalized. Indeed, that space may continue to change and evolve over the next 2-3 years as things get tweaked and improved.
  • Academic oversight over all courses, subjects, and degrees offered by the FBE remains, of course, with the University of Melbourne.
  • The management of the FBE goes to MBS Ltd. In exchange, the University of Melbourne increases its stake in MBS Ltd from 45% to 70%.
  • MBS Ltd’s Board gets increased to thirteen members: eight nominated members (to be voted in), two university-appointed directors, one staff director, one alumni director, and one executive director.
  • The current Chair of the MBS Board, Ron McNeilly, continues in his role. The current Dean of the FEC, Professor Margaret Abernethy, becomes the inaugural Executive Dean of the new FBE.
  • Mt. Eliza Executive Education becomes Melbourne Executive Education. However, this is run by a wholly owned subsidiary of MBS Ltd (which I refer to in the chart as Melbourne Executive Education Ltd because I don’t know what it will be called). So, even though this is part of the FBE, it will be managed reasonably independently.
  • The new graduate program will be split into two streams. The pre-experience stream will be for students fresh out of an undergraduate degree (or with limited work experience). The post-experience stream will be for students with some work experience. The existing MBS MBA degree will come under the post-experience stream while some of the FEC’s existing masters degrees will come under the pre-experience stream.
  • Assuming the MBS Board approves this proposal, the FBE will officially come into being on 1 October 2009 with an aim for “full integration” by 1 January 2010.

As you can imagine, most of the synergies of this merger will occur in the graduate area where there are numerous win-win scenarios. For example, MBS students will get access to a wider range of electives while FEC students will get access to the specialist electives that only MBS offers.

What Next?

The next important date for the merger is 26 August, which is when Members of MBS Ltd will meet in an Extraordinary General Meeting to vote on the merger proposal. There is no real reason for the proposal to not be accepted but that is the last formal step that needs to be taken. I’ll keep you posted on how that goes.

Over the next few months, I hope to write more about this merger in particular and about mergers, cultural change, and stakeholder engagement in general. Stay tuned.

Web Strategy Jobs in Australia

Wednesday, June 10th, 2009

In order to get what can loosely be called a ‘web strategy job’ in Australia I did quite a bit of research and analysis on how different companies hire for that position and I thought it might be useful to share what I’ve learnt. This serves two purposes:

  • Others who are looking for jobs in the same area might find my analysis useful.
  • Those who know more about this area than I do can improve my understanding of it.

Here’s hoping this blog post accomplishes a bit of both.

What Do You Mean by ‘Web Strategy Job’?

So what exactly does a ‘web strategist’ do? Well, it depends on the industry and company that job is in. In general, though, a web strategist is someone who takes care of everything a company does online. This includes:

  • managing the company’s online presence (website, intranet, social media presence, etc.)
  • figuring out what the company should be doing in the online space over the next few years; i.e. creating a web strategy and making sure it is aligned with the company’s business, marketing, and communications strategies
  • implementing that strategy

This job can be in different departments and at different levels of seniority within a particular company. To explain this further I have come up with the How Companies Build Their Online Presence table (below). The columns on this table represent company size and the rows divide companies into those that consider their online presence to be strategic and those that don’t (yes, this is an artificial, binary division while, in reality, there is a range here). [1]

The text in the cells describes the solutions that these companies implement in order to build and maintain their online presence (yes, I am generalizing here). The jobs that I spent the last few months looking for are the manager-level web strategist/online manager positions described or implied in the green coloured cells.

How Companies Build Their Online Presence

Interestingly, over the last year, I have worked in companies in all three of those green-coloured areas:

  • Shell is a very large company that uses its online presence strategically (both internally and externally)
  • Melbourne Business School is a medium-sized company that uses of its online presence strategically (and increasingly so)
  • Linfox is a large company that doesn’t use its website strategically but makes very good use of its intranet

Melbourne Water sits in the strategic row and is a large company.

Where the Web Strategist Fits in All This

As mentioned earlier, the web strategist jobs in those green-shaded boxes exist at different levels within different companies. That is why, over the last few months, I applied for jobs that spanned a range of tasks, skills, and seniority levels. In some small companies, for example, the primary driver of the web strategy is the specialist consultant hired on a 3-6 month contract. In some larger ones, the strategy is driven by a small group of people who are, in turn, led by the web/online manager.

There are pros and cons to being in each of those positions. For example, a short-term specialist-level consultant may not have the time, influence, or opportunity to have a major impact on a company’s overall web strategy. That said, this consultant sits outside the internal politics of that company and can be more blunt and direct about what that company needs to do without having to worry too much about what people think of him. A full-time online manager in a large company, meanwhile, many find corporate inertia working against her for the first six months but, once things get moving, will benefit from it. And because this manager knows the inner working of the company, she may get things done more quickly and more effectively.

The sweet spot for me was to get a middle management position in a good-sized company that made good, strategic use of its online space. There is huge potential (and lots of fun to be had) in this role because companies in this position are often quick to move and are willing to make a real impact online. Fortunately for me, this is exactly where Melbourne Water sits.

What About the State of the Job Market?

Of course, all this analysis is useless if it doesn’t help you get a job – particularly if no one is hiring for the position you really want to get. Because of that, I was also looking for less-than-perfect jobs or jobs on the periphery of where I wanted to be. The idea was that I would work towards the role I really wanted.

Speaking more generally: One good thing about this type of job is that every organization needs a website regardless of how the economy is doing (and Australia’s isn’t doing that badly). As a result, web strategists, website managers, and specialist online consultants are still getting hired. And though there are very few perfect jobs out there (and many companies are hiring less senior people to do the same job that more senior people were doing last year) I did come across a whole bunch that were great places to start. Read my previous blog post for more on that.

Further Research

So that is a summary of what I have learnt about web strategist jobs in Australia over the last couple of years. I encourage you to do your own research on this topic. To do that, I recommend the following three things:

  • Subscribe to online job feeds from Seek, MyCareer, CareerOne, and SixFigures. This will teach you a great deal about the state of the job market and will help you adopt the lingo that hiring managers and recruitment firms use to match candidates to open positions.
  • Talk to people who are in the industry and find out more from them. This is particularly useful if you are targeting a narrower segment in the market (e.g. web strategy jobs in the education sector). Also read their blogs, interact with them online, and get in touch with them through LinkedIn or your own networks (then meet up with them for a coffee or something).
  • Talk to recruitment agents who recruit in this area. I mentioned three firms and three recruitment agents in my previous post but there are many others – you just need to find the ones that work best with you.

And when you learn stuff, blog about it so all of us can learn from your experiences.

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[1] The words ‘strategy’ and ‘strategic’ are used very loosely in everyday speech while, in actual fact, they mean something very specific. Let me clarify that here: when you say something is ‘strategic’ you necessarily mean that it is relative to your competitors. Take your website’s ‘Contact Us’ page. If, along with your office address, you were to give your office’s Melways Map reference, this would not be considered ‘strategic’ because this is common practice. If, instead, you embedded a Google map that showed your office’s location exactly (assuming, of course, that your customers found this useful and that it helped your business) this would be a ‘strategic’ move since few companies tend to do that and this gives you an advantage over your competitors. Note, however, that if you had decided to include that Google map without considering your competition, it would simply have been a ‘plan’. A ‘strategy’, on the other hand, is action taken specifically with your competition in mind (i.e. in order to gain an advantage over them).

New MBS Blogger: Ed Cook

Thursday, May 7th, 2009

Ed Cook, who is both an MBA student and a Career Consultant at Melbourne Business School, has recently starting his own professional blog.

He’s only posted three entries so far but they’re all interesting and I’m sure that, over time, his blog will become a useful resource and place of discussion. It will be particularly useful for MBA students and graduates from Australian business schools.

I’ve also added Ed to my list of MBS Bloggers.

[Note: If you’re an MBS MBA student or alumnus, Ed’s entries are cross-posted on the internal Career Services blog as well so you can also choose to conduct your discussions – should you want to keep them semi-private – there instead.]

The MBS Deans’ Blog

Thursday, March 19th, 2009

Melbourne Business School continues to impress me with the way it is building its online presence because, last month, they started an internal Deans’ Blog.

The blog has three contributing authors:

  1. John Seybolt, Dean & Director
  2. Jennifer George, Associate Dean of Academic Programs
  3. Richard Speed, Associate Dean for Faculty Resources

And is hosted on the MBS intranet (so it’s not available to the public). The Deans write about things that MBS students, alumni, staff, and faculty are interested in, such as school-related news and events; commentary on current events; and discussions on things like school resources, exchange programs, alumni chapters, new faculty members, and so on.

Some of the posts are information dissemination type posts while others are more discussion oriented. Presumably, there is a communications strategy in place that will guide the blog’s growth over the next few months and, most likely, the intention is to continue publishing both kinds of posts: the kind that provide management-level information to the whole school (but don’t generate much of a discussion) and the kind that seed discussion among the blog’s readers (including the “what do you think?” type of posts that you see on many blogs).

All in all, this is an exciting new addition to MBS’ online presence. Hopefully, once this blog becomes a regular feature its authors will start itching to write an external blog as well – maybe even one like the long-running Dean Bruner’s Blog at the Darden School of Business – but that’ll probably take time. Writing an external blog is hard work and you really have to commit to the idea before getting into it. Which is why an internal blog such as this one is a great way to start.

Here’s hoping the blog grows really well and that both the authors and readers enjoy participating in it (I know I will).

Core Economics Becomes a Multi-Author Blog

Speaking of MBS blogs, Joshua Gans’ Core Economics blog has also gone multi-author with four of its nine authors hailing from Melbourne Business School. So, if you want to see what MBS professors are blogging about, take a look at that. They write on a lot of interesting topics and they have a really good readership as well.

Of course, no discussion of MBS professors who publish their work online would be complete without mentioning Paul Kerin who writes a regular business column for The Australian.

New MBS Bloggers and One Course Blog

Wednesday, March 18th, 2009

I’ve added three new bloggers and one course blog to the Melbourne Business School Bloggers list that I maintain.

The course blog – for Managerial Economics – is a very welcome addition to my list and there will hopefully be more like it in the future.