Comment Re: Advanced CB Operation 1077 (Score 1) 90
I did not take an MBA but did an additional year in economics at university. It was funny sometimes how they dress up things an average farmer does spontaneously. Learned in my social science courses that this is a typical example of institutionalism. Certain patterns become so common that nobody questions it anymore and it becomes a ritual. Don't you dare to deviate from the ritual! SWOT analysis was hot in those days. Extra credit if you included that in your reports! So I ritually included this in every report. My grandfather was a farmer. I had a specific damaging worm in my lawn at the time. I asked him for advice. He spontaneously did a SWOT analysis of how to deal with this. Of course he did not use the formal terminology. He did not understand why I was laughing.
Did a report for a supply management course. It was teamwork and we delivered perfection. (many thanks to my teammate who walked the extra mile to get there!) We did not get the maximum points. My teammate went to see the professor. We used a mathematical derivative to determine the optimum. He said it showed we lacked economical insight. Should have found the value for x where the marginal cost equalled the marginal gain. (roughly translated, terminology can be different in English). The equations were mathematically equivalent. 4 points out of 20 deducted for that.
After that year, I decided to stay away from any job related to economics. A lot of it is just silly jumping through the trending hoop. Of course, I did a full blown SWOT analysis before I got to that conclusion.
Must say I was unsurprised when the 2008 financial crisis hit a few years later. Jumped the hoop a few times too many. Oops, time for a new hoop.
Did a report for a supply management course. It was teamwork and we delivered perfection. (many thanks to my teammate who walked the extra mile to get there!) We did not get the maximum points. My teammate went to see the professor. We used a mathematical derivative to determine the optimum. He said it showed we lacked economical insight. Should have found the value for x where the marginal cost equalled the marginal gain. (roughly translated, terminology can be different in English). The equations were mathematically equivalent. 4 points out of 20 deducted for that.
After that year, I decided to stay away from any job related to economics. A lot of it is just silly jumping through the trending hoop. Of course, I did a full blown SWOT analysis before I got to that conclusion.
Must say I was unsurprised when the 2008 financial crisis hit a few years later. Jumped the hoop a few times too many. Oops, time for a new hoop.