admin on May 6th, 2010
Drive by Daniel Payne

Drive by Daniel Payne

I just finished reading Drive, by Daniel Pink, (conveniently downloaded from my library) and I learned some surprising things about motivation.

The most startling concept was that incentives can actually hurt motivation. At first I didn’t believe this, but as the book went into details I started to see when I lost motivation at different points in my career and life.

Incentives aren’t always bad. The book points out that an incentive offered for a boring, repetitious task will help, but an incentive for a creative task usually hurts.

A creative task, even if it is difficult, is fun.  Think about it - how many people play sudoku? What about the basic puzzle? Think back to when you were a kid - were you involved in a math team, the debate team, or anything that required lots of thought?  While a majority of the population didn’t go so far as to debate or solve complex math problems in their free time - many people have played mind games or contributed to an organization. Ever help with a beach clean up or paint a school?

When something is challenging we enjoy it. It isn’t work until someone says it is work. When I was a kid I wrote newsletter and put together scrap books for a club I was involved in. Now, as a marketer, my job is to do similar things, but now - it is work.

I enjoy writing. I like sharing my thoughts (even if they are bad). Blogging would seem like the perfect activity for me - but someone turned it into work for me. Besides that fact that I organized and wrote for a company blog, I also dabbled in putting my thoughts on the web in my free time. At first I enjoyed it, then my husband, who makes money with travel websites, thought I should put ads on my websites.

At first I thought making a little money from something I enjoyed was a great idea. When the ads first went up, I wrote more. I promoted my website. I worked to make my site more popular so I could get more money from advertising. Then my enthusiasm faded. I had a ‘real’ job. I went to work 5 days a week, sat a computer and worked to promote the company website. Did I really want to spend my free time working? It wasn’t as if I needed the money - sure it helped b/c I was making very little at work, but it wasn’t as if I couldn’t pay my rent.

The financial incentive to do something I enjoyed doing turned my pastime into work. I can’t believe I hadn’t realized this before!

Now, you might be thinking, that this makes sense for your free time, but you still need to give your employees a goal and a prize to make them work a little harder. That isn’t true. Even at the office people enjoy a challenge and will work to achieve the challenge without an extra reward. — They still need their base pay, its just the extra reward that kills the motivation.

I’m not going to really elaborate on this concept - because the book explains it a lot better than I could. It is just a little food for thought.

I’ve been reading books that may (or may not) be helpful to me once I start my MBA. I simply did a Google search and started downloading any recommended books available from my library as an e-pub.

The book I’m currently reading is Freakonomics. I actually read part of this book before - I picked it off my brother-in-law’s (an MBA) bookshelf and scanned through it while he and my husband discussed cars. The book is really interesting, probably not just to a geek like myself, but I think a good number of people would be interested in this book.

Alas, I’ll quit rambling and get to my point. I found one story in the revised and expanded edition that could use a call out - “Making Profits from Incivility on the Roads”. Levitt describes the glee felt when a bunch of cars were pulled over and ticketed for cutting a bunch of people off in a merge lane.Traffic

We’ve all waited, however impatiently, to either merge onto or off a highway where another empty road beckons us to illegally speed pass the line of cars and cut someone off seconds before the empty road leads off to some unwanted location.  Most of us have probably been the jerk to pretend we are taking the undesired road only to whip in front of the long trail of waiting cars, ignore the honks and middle fingers as we happily run off to our destination 15 minutes faster.

In Freakonomics, Levitt talks a little about why we actually wait, but his main point is that we (or the police force rather) should do something about it. Now he’s not suggesting new road construction or flying cars, although that would be nice. All he suggests is that the various law enforcement agencies around the nation take a look at what he observed in NYC. Two cops policing a merge lane that is notorious for this speed and cut in routine and ticket all the offenders.

Typically when I pass someone on I-10 getting a ticket I feel either a sense of relief that it wasn’t me or a sense of pity, because they were probably doing 20 plus over and will have a hefty fine. The only time I am happy that the poor shmuck is getting a ticket is when I recognize a car that had recently cut me off. Now, what better way to make a bunch of law-abiding commuters happy than by ticketing the several inconsiderate jerks who are making the good citizens wait another few minutes in traffic than by ticketing these offenders.

Not only would ticketing the bastards lead to happy commuters but it could raise revenue to help expand our roadways and it might just cut back on the crime. It would probably cut back on accidents too!

I’m very anxious to send this wonderful idea to my brother, who happens to be a state highway patrolman, although I’m sure he won’t be nearly as impressed as I was. At least I can get the word out. Maybe one day you’ll see this tactic in your city, and if you aren’t the one getting the ticket, I hope you’ll think of me.

admin on March 12th, 2010

I’m nervous about going to a campus doctor for ADHD medication.  Unfortunately, since I’ll be using the school’s health insurance, it will be the cheapest way to get the drugs I need.

I haven’t used the Focalin or any other ADHD medication regularly since I started studying for the GMAT last spring. I really wish I had a few bottles of it so I could take it whenever I planned to stay inside and work. Even though I’m on ‘vacation’, my husband and I have been trying to work on various websites by spending a few days at home every week. He gets so much stuff done, while I get lost surfing the web or bounce back and forth between websites not really accomplishing anything.

I’m not a big coffee drinker. I usually drink green tea.  When I was working I would drink several cups throughout the day, but now I usually only have one cup in the morning.  Today I had a coffee and about an hour afterwords I looked back at what I had accomplished and was quite impressed.

I haven’t done real research on the subject, but I thought caffeine was a no-no for kids with ADHD. Is that because they are already on Ritalin or Adderall?

I wonder if I could get through college without the powerful stimulants, but instead get a cappuccino machine.  (As I said, I’m not a coffee drinker, so I only like the milky sweet drinks.)

admin on March 11th, 2010

I’ve been reading various articles and blogs about getting the most from your MBA.  I really should be delving into a finance blog rather than surfing the internet, but let’s face it - I’m on vacation, even if it is a 6 month holiday. =)

I found a few interesting blogs to follow, mostly current or future MBA students.  Although there is one piece of advice I’d like to give out to bloggers - If you are going to blog and use your real name make sure you write well, proof read and choose your topics carefully.  I’m keeping my blog a secret so I can get away with a quick post without checking it for errors. =)

Interesting Blogs for Future or Current MBA Students:

Sloan Student MBA 2010 - Deirdre’s blog gives you a feel for MBA life.  She mixes plenty of personal stuff with the trials of being a student.  The Summer 2009 post even has a list of tips.

What’s in a 1st Year’s MBA Backpack? I loved the uniqueness of this post.

Stacy’s MBA & Job Search - Everyone wonders what job they will get when they finish their MBA and even with the tough economy you hope it will be easy when it is your time.  This blog talks about the numerous applications and frustration of job hunting while she gets her MBA.

Kellogg Class of 2011 - i like this blog b/c I get to see actually course work and I get a feel for how tough or interesting the homework will really be.

Good Luck to all of my fellow MBA’s Class of 2012!

admin on March 2nd, 2010

I looked into buying the accounting prep book recommended by my school, Advanced Preparation for Financial Accounting by Robert N. Anthony and Leslie Pearlman Breitner. The book is ridiculously expensive here in New Zealand, so I’m going to wait until June/July when I return to the U.S. Amazon offers the book for about $50 and you can buy a used copy for about $15.

I am very anxious to start studying and after a frustrating day trying to get library books downloaded to my ebook I thought I would try an online learning approach. A quick search for ‘free online accounting class’ and I found several promising sites.

I did the introductory lesson from Simple Studies. It was a simple summary of what accounting means and a brief overview of the financial statements, Income Statement, Statement of Changes in Equity, Balance Sheet and Cash Flow Statement. I was happy to realize that I actually remembered these things, and the review helped jog my memory. I did decently in accounting. I believe I took two classes and received B’s in both of them.

I also remember that when you actually have to write things down and do the math, which isn’t really math at all, it gets a little tricky. I don’t want to ruin my vacation my stressing over this, as I’ll have a month to do the book when I get home. I will however try to finish the online course. They do expect registration and a fee for all aspects of the course, but I think just the review will work for me.

I also found this page, which listed several colleges that have their classes on line. I quickly glanced at some of them and they required text books, so I’ll stick to the other free classes online. If you have a good source of free accounting lessons, please share them here.

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admin on March 1st, 2010

This post has nothing to do with the MBA or the GMAT - although if I felt like being creative I’m sure i could form some kind of tie in.  BUT in reality, this is a shameless plug for a friend of a friend who is trying to launch a video game to help stop violence.

I’m sure everyone has heard theories about TV and video games contributing to kids being violent. Well, this video game is designed to teach kids to use skills other than violence to solve conflicts.

You can help kids learn from this game by voting for it in the Pepsi Refresh Project.  The idea with the most votes will receive 250K to bring the idea to life.  This video game has already started but the funding will enhance the game by adding 2 new levels, a module for teachers, enhancing graphics, adding a multi-player feature, and creating a web-based distribution system.

So, please vote NOW - it is simple and they don’t spam you. Vote for Game Changers.

admin on February 28th, 2010

I start my MBA in August and since I am on vacation until then, I thought I could do some pre-MBA reading. I’m not ready to pick up an accounting book or anything, but reading something like the Communist Manifesto might not be so bad.

I did a Google search to see if there were any school published reading lists, but all I found were blogs and amazon lists from former students. Looking through these list there were a few patterns.

The Goal: A Process of Ongoing Improvement - Eliyahu M. Goldratt
This book was on several list and a few people mentioned it would probably be part of an MBA curriculum. My library doesn’t have an e-book available, so I’m going to try to read when I get home in June.

The Tipping Point: How Little Things Can Make a Big Difference - Gladwell, M.
I think I started reading this book a few years ago, but got annoyed at its repetitiveness. Maybe it was a different book that was only interesting at first, but I find a lot of the best sellers in this category repeat the same concept again and again. I’ll give this one another try since I can download it for free with my library.

Outliers: The Story of Success -  Malcolm Gladwell
At first I thought this one would be similar to The Tipping Point, but I read that it focuses on a specific company. I hope this is an easy read.

Marketing
Many list contained some kind of marketing book, but since my undergraduate degree was in marketing and I’ve been doing it for the last 6 years I’m not going to spend my valuable time reading marketing books. I find marketing books the most interesting, so it is easy to be tempted. I know my time would be better spent reading economics, finance and management.

Essentials of Accounting - Robert Anthony and Leslie Breitner
Although Accounting books don’t frequently make summer reading list, most schools expect you to jump into the first semester with some background. The Essentials of Accounting is required pre-work for several schools. I plan on buying a physical copy of this book and finishing it before classes begin.

Cartoon Guide to Statistics - Larry Gonick
I only found this on one blog, but it seems so silly I am going to look for it. Amazon’s review says it is funny and I’m the type of person who thinks Pizza is a funny math formula joke. The area of a circle is π times radius squared, so if the radius is ‘a’, then pizza = π*a^2 - yes I am that big of a dork.

Well, there are lots of other recommended books to read before starting your MBA, but I think this is where I am going to began.

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admin on February 21st, 2010

I finally received word from my state school.  I will be class of 2012!  I am so excited.  I am getting a scholarship, full tuition and fees!

I can’t believe all of the studying finally paid off.  I highly recommend the Manhattan GMAT course to everyone.  I studied the books before I took the class and while they helped, it was the class that pushed me over the 700 mark.

I don’t know that I have the will to study again and try to  make the 760 mark so I can tutor.  I would love to tutor for the GMAT, but . . . having a free ride kind of takes away some of the motivation.

I am so relaxed now.  My new husband and I are really going to enjoy the rest of our trip in New Zealand.  As soon as we get back to the state we have to find an apartment near my school, and I need to start on some accounting assignment that needs to be completed before school starts.  I almost wish I was in the states so I could get started now!

I am so excited to be a student again.

I might continue this blog and turn it into a ‘life as an MBA student’ type thing.

My next goal is to be in the top 5% of my class.  I really want a job at a good consulting firm.  My school isn’t really known for putting people at places like McKinsey or Boston Consulting Group - but that is my goal.

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admin on February 15th, 2010

I am still waiting to hear back from the only school I applied to for the MBA program.  I feel so stupid for only applying to one school, but the admission director had told me not only would I get in, but I would get a full tuition waiver. They contacted me for an interview just two days after I submitted my online application.  After the interview she told me I would have an answer in 2 to 3 weeks.  Now it has been over 2 months and I have no idea what I will be doing in the fall.

I shouldn’t have quit my job, but my husband and I have been planning a long trip like this for years, and once I start my MBA there will be no time for goofing around. I am considering re-taking the GMAT. I scored in the 96th percentile the first time with a 730, but my math score was low.  I think a stronger math score might open more doors. We are considering moving to Texas when I return to the states to establish residency. McCombs is a better school than the state school where I live, so maybe this was a blessing in disguise. I really want to work for Boston Consulting Group and they recruit from UT.  That school could really open doors for me - be a life changing experience.

Unfortunately, I don’t have a job and would have to find something to do that would help my resume until I can hopefully start the UT MBA program in Fall of 2011.  Ugh, I will be 30 years old.  I really expected to have my life together by this point in my life.  Starting an MBA program this fall would have made everything fit perfectly together.  Now I feel like I am scrambling to make something work.

The only problem I could see with my admission is this trip. During the interview she told me that normally a person quitting their job 8 months before school starts would be a red flag, but since I had a specific goal in mind it wasn’t a problem. During this time I am helping my husband with his travel photography business, and it is going very well.  Hooray for him, boo for me. I just want what was promised to me. I would have applied to other schools if she hadn’t assured me I would get a full ride to her school.

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admin on February 1st, 2010

So, I sent an email to the admissions director today.  I didn’t want to send an email, but I interviewed in early December and she said I would know before Christmas.  I am hoping something just got mixed up, but I have a bad feeling.  Even the website says they try to give you an answer in about 3 weeks.

I have no idea what I will do if I don’t get in.  I’ve already planned my life around this.  As soon as she told me I would get a full scholarship based on my 730 GMAT I started making moves.  I quit my job so my husband and I could take a 6 month honeymoon.  So now I am in New Zealand without an income and without a job.  I don’t know what I’ll do if I get back and have no where to go.  We’ve already started looking at housing near the school.

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