Richard Ivey School Of Business
Rob A | March 18, 2011 | Comments (0)The Western University of Ontario is located in right in the economic grandeur of Forest City. It is one of the oldest and most respected universities in Canada. It was founded in 1878 by Bishop Isaac Hellmuth and the Anglican Diocese of Huron. The 155 hectares of land area down the banks of Thames River. The teaching faculty is composed of about 1,164 members. There are approximately 29,000 students enrolled in the undergraduate and graduate studies. The university has over 60 various degree programs and diploma programs from its 12 faculties and schools and 3 affiliated colleges.
Situated in the campus of Western University of Ontario, the Richard Ivey School of Business offers a different kind of learning experience. The university gives more than a learning experience but offers the fundamentals of living and socializing combined all together. It is a community that builds a bond that lasts a lifetime. It is the mission of the school to mold future business leaders that can think globally and act deliberately in order to promote business development and otherwise. It ranks second to Harvard Business School as the biggest producer of case studies and tops the world in Asian case studies. This is only proof that the school is committed to quality education and produces top-notch graduates.
The Richard Ivey School of Business will integrate the new method of management education known as the Cross-Enterprise Leadership in 2006. The objective of the aforementioned method is to enable students to develop the ability to foresee, evaluate, and plan on the acts of going through and solving certain issues of the entire business. Among these issues are globalization, competition, productivity and innovation. The Cross-Enterprise Leadership gets away with the traditional method of management education that puts emphasis on the functional discipline such as the finance, accounting, marketing and strategy. It promotes simulations and field projects to allow students to think and act strategically on business decisions. It promotes a decision based on the entirety of the business issue and not as individual bits and pieces.
Also, in 2006, the MBA program will be offering its students a one-year program available in the months of May and October. The MBA program of Ivey was considered by Business Week in August 1, 2005 as among the 4 best MBA programs in “creativity and innovation” with a “nontraditional approach urging students to learn business from all angles”. Such recognition encourages the university to continue and improve their MBA programs and make them more competitive and practical for the real world. The new MBA program is suitable for a cluster of students with great performance with a management experience. It is also ideal for students that can cope up with the demanding one-year program. International exposure and a career management-training module are included in the MBA curriculum. The regular in-class learning take up to 4 hours, it can be at 8 am to 12 noon or 1:30 pm to 5:30 pm. The period for learning team sessions out of the class are scheduled.
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Tags: ivey business school, mba programs, university of western ontario
Category: Education
Friday, March 18, 2011
The Richard Ivey School Of Business MBA Program Education
Wednesday, February 2, 2011
Book Reviews: Rich Dad Poor Dad Financial Education
A lot of people have read Robert Kiyosaki’s books (and he has a lot of them), but this is the one that started them all.
I think what endears people to Rich Dad Poor Dad is the story. It seems to me that whenever a non-fiction book teaches with stories, it does very well. So, if you’re going to write a non-fiction book, weave your info into a story.
Rich Dad Poor Dad is the story of Robert learning the habits of the rich from his best friend’s dad. Robert’s own dad was a highly paid, highly educated government official, but who ended up poor (this is his “poor dad”). His best friend’s dad was not highly educated, but he started lots of businesses, bought lots of real estate, and invested in stocks. He is “rich dad”.
Some lessons or themes that keep coming up:*School prepares you for a job while financial education prepares you for better financial habits that lead to a more prosperous life
*The rich invest in ways that the poor and middle class do not
*The rich invest in assets that produce class flow, and then reinvest that cash flow into other assets
*The poor invest in liabilities, or things that take money out of their pockets
*The middle class tend to go to school, get a job, buy everything on credit, get raises, then buy bigger houses and nicer cars, under-save and under-invest, and then retire on less than what they should have.
*There are 3 kinds of income:
-Earned income (what you make when you’re there)
-Passive income (money that comes to you when you’re not there…that can come through businesses, real estate income, intellectual property, etc)
-Portfolio income (money that also comes when you’re not there…but specifically from stocks, mutual funds, and other such paper investments)
As it turns out, Robert didn’t go on to become a rich guy too soon into his adult years, like his best buddy did. Robert went into the Navy to learn how to sail ships, then to the Marines to fly helicopters in the Vietnam war. I might have the timeline wrong, but he he was a top-selling Xerox sales rep for several years. And then he went on to start a successful business importing/selling those Velcro nylon surfer wallets from the eighties. Remember those? After a few years, that business went bust.
Eventually he made the jump into buying assets…income producing real estate…and within 8 to 10 years, he and is wife retired. Then six months later he came out of retirement to start his financial education business…which includes his books, board games, tapes, seminars, etc. In reality, it sounds like he’s started a whole ton of other businesses too, but that’s what I’ve pieced together from other books of his that I’ve read. Notice that most of his activities center around passive income?
It’s a great and easy read and should shock you out of your usual way of looking at money. Another one of his books that I like a lot is one he didn’t even write by himself…aptly named “Success Stories”. It’s a collection stories by many of Robert’s students that have taken his advice and who started businesses or are collecting assets that produce cash flow.
There’s so much more that can be said, but it’s time for you to start the adventure of reading a new book. Try to think of “Rich Dad Poor Dad” as financial education; it will make the purchase that much easier to justify.
Compare prices for Rich Dad Poor Dad Book here.