Wednesday, April 11, 2018

Field Trip - A Perspective on the African Economy: Business in Morocco

By Araceli McAdam, Global MBA Student Ambassador 2017-2018, Strategy & Management Major

The Kingdom of Morocco greeted the Global MBA’s Strategy & Management, Digital Business, and Enterprise Innovation majors from both the France and Singapore campuses for a one-week intensive field trip, exploring eight companies in various industries. The aim of the trip was to expose students to working possibilities in Africa and to understand Morocco’s strategic importance and influence for local and international companies alike. The industries ranged from automotive manufacturing to food and dairy packaging- a diverse collection but all shared the warmth of Moroccan hospitality. This trip also provided an opportunity to visit ESSEC’s newest campus at Rabat with light exploration of scenic landmarks, including Casablanca’s Hassan II Mosque.

Tuesday, March 27, 2018

Hospitality Management Field Trip to Berlin

by Sarah Livingston, Global MBA Student Ambassador 2017-2018 | Hospitality Management Major

For the week of March 4th – March 10th, participants from the Global MBA Hospitality Management major hit the road and headed from Paris to Berlin, Germany for the 21st annual International Hotel Investment Forum (IHIF), held at Berlin’s Intercontinental Hotel.  What a week it was!

For the 60+ hotel company CEOs, 180+ guest speakers, and over 2,000 attendees at this year’s IHIF Conference, this event was a chance for real estate and hospitality professionals from over 80 different countries to meet, network, initiate potential deals, and attend seminars on a variety of related topics.  Overall, it was a chance for hoteliers to do what hoteliers do best: connect.  We got to take part in the action by attending the networking events and reaching out to some of our new connections to meet and find out more about their part of the industry, which helped us work out more of our career details for ourselves and forge ahead in our own future post-ESSEC paths.

Included in the companies that attended were AccorHotels, Barcelo Hotel Group, The Carlson Rezidor Hotel Group, Choice Hotels International, Dream Hotel Group, Hilton, IHG, Wyndham, and many, many more. What a roster!  In addition to these impressive companies, however, were also an almost uncountable number of new startups and hospitality brands who were looking to promote their new ideas and expand their company personas.  Several of us had opportunities to sit down with these entrepreneurs, as well as hear their startup pitches at several pitch competitions throughout the week.  We are bowled over by the innovative ideas about to hit the marketplace.

Monday, March 12, 2018

Half-Way Through: Taking Time to reflect on My Experience So Far

By Erin Thibodeau, ESSEC Global MBA Student Ambassador 2017-2018 | Luxury Brand Management Major

As a student ambassador for the Global MBA, I get the chance to speak with many incoming students, be it via ESSEC Talk, in one-off conversations, or at open houses and MBA fairs. One of the questions I get most often is a simple, “how are you enjoying the program so far?”. So, I thought I would tackle this general and yet complex question in a post!

Six months into the program allows me to take pause and be excited for all of the adventures to come and to look back and take stock of all we’ve already learned.

The first four months – September to December – saw us learning a lot of the fundamentals. Finance, accounting, an entrepreneurship course (see George’s post here!), and general strategy prepared us for a new year of tackling complex business challenges and challenged us to creatively seek answers. We dove into the new year with management accounting, operational management, and focused luxury courses that encourage us to build on the knowledge we’ve already gained to inform how we seek answers.

Tuesday, March 6, 2018

How Big Data is Driving Luxury Growth

This article is a summary of a report published in Luxe Digital by Global MBA students Vaibhav Jain, Jonathan Bernal, and Pranaay Gupta. Their research provides an in-depth understanding of how big data is transforming the business of luxury and how brands that are able to leverage big data will gain a competitive advantage in the future.

Big data, a concept that refers to the technologies and processes used to collect, organise, and generate insights from large amount of customer information, is transforming the business of luxury. 

The IDC, a market-research firm, predicts that 180 zettabytes of data will be created per year by 2025. To manage that amount of data, global tech companies are rapidly building new data centers around the world. In 2016 alone, Amazon, Alphabet, and Microsoft spent over $32bn in data management, up 22% from the previous year.

The quality of available data is changing as well. According to The Economist, the new economy is about analysing real-time flows of unstructured information such as consumer social media comments, influencers’ feeds on Instagram, or customers’ purchase funnel across multiple channels.

The market for data analytics is thus massive. The big data opportunities for luxury brands that are able to successfully take advantage of them will prove critical in the coming years.

Monday, February 26, 2018

Global MBA Career Week - What I learned from the Mock Interviews

As part of the Global MBA Career Week, our students went through a series of mock interviews with recruiters from the industry. Said Chady, Strategy & Management Major, tells us more about what he took away from this experience:

My objective for attending the mock interviews was to prepare for a real work interview
situation. I wanted to pick up some interview tips and learn how to better manage anxiety in a typical interview setting. For me, the mission was certainly accomplished! 

What is your greatest takeaway from the mock interviews? 
  • Pay attention to the details: Every step in an interview is important, from the greetings, eye contact, style of sitting, to the narrative and the structure of our responses
  • Know the relevant keywords: Having a comprehensive knowledge of the keywords related to the job is critical, in order to synthesize the answers and make them relevant
  • Be clear of your added value: Identify and be able to articulate the added value you can bring to the company, from previous experiences and through the MBA program, in terms of hard skills and networking