![]() |
Adventure in China
Harvard MBAs Rule?
The Natural Advantage
Turnaround Situation
HBS Bon Mot Enriches the Lingo
Adventure in ChinaCan a small-town girl from the boondocks of China discover happiness in the international adventure-travel industry? Consider the tale of Zhang Mei (MBA 96), the daughter of a humble electrician from one of the remotest and poorest regions of the country, as the South China Morning Post (January 8, 2001) reported. The article described how Zhang, through hard work and sacrifice, made her way to HBS and eventually founded WildChina.com, a firm that specializes in off-the-beaten-track tours of Chinas scenic and culturally rich landscape. A graduate of a provincial university in Kunming, where she excelled at English and law, Zhang went to work as an assistant and interpreter at the regional railway. She so impressed a visiting Thai bank president after interpreting for him that he offered to pay her way through HBS if she would later work for his bank. Zhang accepted the offer, but her initial enthusiasm was tempered when she arrived at the School. I had only worked on projects in a state plan but I was being told about shareholder value, equity, and management, she recalled. It was all new. Zhang was a quick learner, however, and after the Thai bank released her from her commitment there (asking her only to repay its tuition costs plus interest), she worked at McKinsey for two years after graduation. Growing restless, she spent six months backpacking on her own through three continents, an experience that inspired the launch of WildChina.com. CEO Zhang has set up trips that include biking along the Silk Road, hiking pilgrimage trails in Tibet, or exploring Shanghais colonial past. This year we will have several thousand clients, mostly foreigners, Zhang said. By 2002, we aim to have half foreigners and half Chinese. RETURN TO THE TOP OF THE PAGE
Turnaround Situation
Following a tour of duty as a Navy corpsman in Vietnam, Cordova attended college and HBS, but after a few years running successful businesses, he began drinking heavily and eventually lost it all, the Albuquerque Journal (December 7, 2000) reported. Cordova said that he wound up high-class homeless that means I lived in a van. Later, he learned about RS&VP, a transitional living organization, and joined up. Cordova noted that the centerpiece of the restoration project, the old Sundowner motel, was once home to a struggling computer geek named Bill Gates who had a special deal with the Sundowners owner for an extended stay while he tried to raise funds for his fledgling company. We like to say that was back when Microsoft was homeless, Cordova noted with a smile. When Cordova came to RS&VP in 1997, its operating budget was $30,000. Under his leadership, it has grown this year to $1.7 million, which helps provide housing, employment training, and legal services for some seventeen hundred homeless vets annually. RS&VP relies heavily on contributions; inquiries about tax-deductible donations can be made by calling 505-255-8440. RETURN TO THE TOP OF THE PAGE
HBS Bon Mot Enriches the LingoPick a word or phrase you love to hate, be it impactful, scalable, mission-critical, face time, or...well, dont get us started. Such utterances, unlike memorable, enduring slang terms, are ephemeral due to their very vapidity. They are buzzwords, according to Websters New World Dictionary, words or phrases used by members of some in-group, having little or imprecise meaning but sounding impressive to outsiders. While business must take its fair share of the blame for promoting these and other annoyances, we were delighted to learn that the term buzzword was coined in the middle 1940s by students at the Harvard Business School, according to the December 2000-January 2001 edition of Copy Editor newsletter, which cited the Dictionary of American Slang. Buzzword, a useful and long-lived appellation because it so aptly describes what it derides, thus becomes the first bit of HBS classroom jargon (e.g., cold call, chip shot) to really go national. Who were the linguistic geniuses that first articulated buzzword? Was it a shortening of business, as the Dictionary of American Slang speculates? Alumni from the 1940s or others who can shed light on this matter are invited to message the Bulletin anytime, 24/7. RETURN TO THE TOP OF THE PAGE
|