Net/Net is an updated version of the bottom line, meaning the end result. Typically, it comes at the end of a statement someone is adding to a discussion. For example, if an MBA is walking their boss through their opinion on a proposal, they might conclude with, “Net/net we’ll make $1 million with this $10,000 investment. I recommend we do it.”
by: Grayson Leverenz
We’re right in the dead of winter, with temperatures below freezing in much of the United States. On Tuesday, Punxsutawney Phil takes center stage for his Groundhog Day prediction. Should we expect an early spring or six more weeks of subarctic weather? If the groundhog sees his shadow, that’s a sure sign of a long winter. If not, an early spring is on the way!
Brandon and I will be celebrating with our usual tradition of watching the movie "Groundhog Day" starring Bill Murray. We’re going to eat sausages and sauerkraut since the Germans introduced Groundhog Day to the US; I’m quite excited about that after being homesick for Germany last week! Unfortunately, we were too late to order Punxsutawney Phil’s beer. Next year, that’s definitely on the menu.
Here’s to an early spring!
Click here for more about Groundhog Day and Punxsutawney Phil.
Note: Punxsutawney Phil is a very popular groundhog right now, resulting in his website being down. I’m putting the link here anyway in hopes that his IT people will have it back up and running soon.
To take a stab at means to attempt to complete a task without significant guidance.
You’ll hear this term most often in team situations. A team leader delegating a task might say, “Why don’t you take a stab at it? If you have questions, I’ll be here to help.” This phrase also works if you want to volunteer for something by saying, “I’ll take a stab at it.”
Americans also use “take a shot at” the same way.
by: Grayson Leverenz
It’s hard to believe it’s been 4 years since I was an exchange student at WHU – the Otto Beishem School of Management in Vallendar, Germany. I miss it every day.
I miss the people.
I miss experiencing a new language and culture.
A no brainer is something that is such a good idea, it seems obvious.
For example, a marketer working on a product targeting teenagers might recommend running a coupon offer during the back-to-school shopping season. Their manager would probably respond, “That’s a no brainer. We make money motivating buyers with coupons every year. Definitely put that in your plan.”
The Financial Times 2010 Global MBA Rankings are out, and London Business School officially claimed the #1 spot.
The top 10 are below. Be sure to check the numbers closely as there are several ties.
Financial Times Global MBA Rankings 2010
1. London Business School
2. University of Pennsylvania: Wharton
3. Harvard Business School
4. Stanford Graduate School of Business
5. Insead
6. Columbia Business School
6. IE Business School
8. MIT Sloan School of Management
9. University of Chicago: Booth
9. Hong Kong UST Business School
Click here for the complete list. Note: you may have to complete a free registration for the Financial Times to view the page.
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