Thursday, May 17, 2007

Busy Finishing Up Quarter

Posts have been slow because the final quarter has been busier than expected (and I think the attrition of the tough 2nd quarter is impacting me). I am busy juggling numerous projects and extra-curricular activities. Making things difficult is that one class, Business Strategy, is taking up about 50% of my time. As it is strategy and the teacher is a big "Built to Last" fan, he is a believer is stretch goals (BEHAGS for those who speak the lingo). Therefore, it should not be a surprise he is dumping a ton of work on us. The projects are interesting (too bad I do not have more time to enjoy them). The most recent was the evaluation of a real life acquisition opportunity. It walked through anticipating the target's expectations, understanding our financing capabilities (our max price), evaluating the cost/benefits of potential valuations, and valuing the long term value of the different prices to the company's value. It was a very helpful exercise for anyone who could find themselves valuing a new opportunity for their business.

There is other good news for Merage. Internships are starting to come more quickly in the month of May and Merage students have scored some high profile positions. 3 Merage students have accepted positions in IBM's Deep Blue program; a high profile internship for MBA to develop a new product for IBM. The program only offers 24 positions and Merage scored 3 of them! That is 1/8th of Deep Blue is Merage! This is really impressive when you consider that only one student from MIT is in the program. These kind of successes are the true building blocks of Merage's growing reputation.

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