Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Saturday, March 2, 2019 09:50:05 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Business students can learn from the army

photo by

By
03rd-Mar-2019       
Comments
Share your thought
Post a comment »
Read all () »

Alyssa Walker :
Military personnel possess many positive qualities: problem-solving, overcoming adversity, resilience, a willingness to try, teamwork, collaboration, communication, and innovation. Sound familiar?
It should, especially if you're a business student.
Military-style boot camps offer more than just the opportunity to push physical endurance. They are also incredible training grounds for all those skills that businesses seek: strategic thinking, communication, problem-solving, and collaboration. It's one reason more MBA programs have started to use boot camp-style training in their curriculum.
Here's what business students can learn from the military:
1.    Technology isn't the only answer
While technology can catalyze change, it's not its only vehicle.
In a 2015 lecture at Northwestern's Kellogg School of Management, Army Lt. Gen. H.R. McMaster explained that the military has a desire for "simpler wars". He said that in the 1990s, the military had a "vision of future war that was derived from a large measure of what was going on in the economy and in business," and that it streamlined technical operations using technology. He then explained that "This set us up for the difficulties we encounter in Afghanistan and Iraq" as their militaries found ways to subvert that technology.
He said, "We were too biased in favor of thinking about change and how change would affect war and not thinking enough about continuity in war." In other words, technology might be part of the answer-but not all of it.
2.    Rapid problem-solving strategies
In the military, personnel often make big decisions with incomplete information. They learn to make the best decision possible with the information available.
What does this require? The ability to predict, improvise, overcome, and adapt-and to change plans at a moment's notice.
When you have no choice but to solve a problem, you solve it as best you can, even if some of the consequences aren't fantastic.
3.    Knowledge of terrain
Military personnel understand the physical landscape of battle. They consider advantages and disadvantages to some positions and always understand who has the high ground-who has the advantage.
That perspective applies to the business world, too. Knowing the strengths, weaknesses, opportunities and threats of a given business and your relation to it will help you succeed.
Knowledge of the business terrain gives you a strategic mindset-and it's one reason business school boot camps have their students practice navigating difficult and unknown terrain in groups.
4.    Clear communication
The success or failure of any military or business operation hinges on clear, effective, and efficient communication among all team members. In the military, everyone needs a clear sense of the mission-their lives depend on it.
In business, all employees need a clear objective and a sense of the "company vision" to understand where the business is going.
Military missions are planned around a set of core objectives-and so is a business plan.
5.    Accountability
Someone's always in charge. That means someone's always responsible, too. While the military's disciplinary style of accountability may be harsh for business, the concept remains the same.
In the military as in business, for success, everything needs to be where it's supposed to be when it's supposed to be there, and it needs to work correctly the first time. If not, the operation-or business plan-fails.
6.    Accepting failure
Failure is a great teacher. It also has life and death consequences, both literal and metaphorical ones.
In boot camp, you are expected to fail. Your teachers want you to fail. Why? It's better to fail and understand why than to make the mistake when it counts for real.
In business school, whether in a boot camp or not, take a risk. Fail. Get back up. That's what it's all about!
(Alyssa Walker is a freelance writer, educator, and nonprofit consultant. She lives in the White Mountains of New Hampshire with her family).
CC- IV

Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Murray extends lead at New Zealand Open


Agency :Rookie Zach Murray of Australia opened up a five-shot lead after the second round of the New Zealand Open on Friday, but said he was trying to keep a lid on expectations.The 21-year-old, who only turned pro in November, hit a seven-under 65 at the Hills course in Arrowtown ...

Editorial »

Taskforce for relocation of chemical factories


DESPITE the recurrence of the fire incidence in the Old Dhaka, some businessmen are still reluctant to relocate the deadly chemical warehouses and factories and other flammable substances to safer places. Many chemical warehouses which was supposed to be removed elsewhere from the Old City after the Nimtoli tragedy, were ...

City »

Dhaka University Vice-Chancellor Prof. Dr. Akhtaruzzaman and German Envoy to Bangladesh Peter Fahrenholtz, among others, at the inaugural ceremony of a two-day long international conference on 'Climate Change' at Nabab Nawab Ali Chowdhury Senate Bhaban of the university on Friday.


.

Entertainment »

Ananya Panday is in massive demand


Film debutant Ananya Panday has been winning hearts of people even before the release of her debut film. The newcomer was signed and even completed a shooting schedule for her second film before the release of first.  Ananya Pandey is in demand not just for films but even in the ...

International »

US vows Philippines aid against armed attack in South China Sea


AFP, Manila :US Secretary of State Mike Pompeo on Friday vowed to defend the Philippines against "armed attack" in the disputed South China Sea in Washington's starkest warning yet against Chinese claims to most of the strategic waterway.Speaking in Manila after meeting with Philippine President Rodrigo Duterte, Pompeo said Beijing's ...

Editorial »

Local govt body polls lack due enthusiasm


THE Dhaka North City Corporation mayoral by-election ended yesterday with very thin voters' presence. There was widespread speculation that the ruling-party supported candidate is going to win in a big margin. News media reported that many city dwellers did not know whether they were among the voters while many were ...

Football »

Barca stun Madrid 3-0 at Bernabeu, reach Copa final again


AP, Madrid :Real Madrid couldn't put Barcelona away when it had the chance, and ended up being dealt a hard blow by its biggest rival.In the first of two consecutive games between the Spanish powerhouses at Santiago Bernabeu Stadium, Barcelona weathered a dominant first half by Madrid and then scored ...

Sports »

Members of Flame Boys Club, the champions of the First Division Handball (Men's) League with the guests and officials of Bangladesh Handball Federation pose for photograph at the Shaheed Captain M Mansur Ali National Handball Stadium on Thursday.


International »

MPs back May’s new Brexit strategy as EU warns of delay conditions


British members of parliament agreed Wednesday to give Prime Minister Theresa May more time to work on her EU withdrawal deal after she promised they could delay Brexit if necessary, but European leaders warned that any postponement would come with conditions.MPs voted by 502 to 20 to endorse May's plan, ...

International »

Israeli security forces should face justice for Gaza killings: UN


Reuters, Geneva :United Nations investigators said on Thursday Israeli security forces may have committed war crimes over the killing of 189 Palestinians and wounding of more than 6,100 at weekly protests in Gaza last year."The Israeli security forces killed and maimed Palestinian demonstrators who did not pose an imminent threat ...

City »

The Namaz-e-Janaza of Director General of the Press Institute of Bangladesh Shah Alamgir was held on the premises of the Jatiya Press Club on Thursday.


Entertainment »

Nandita is excited to get award for first time


Entertainment Report :During childhood Sanzida Mahmood Nandita has been getting many awards and prizes for rendering song. After starting her career as a singer, she for the first time got an award as a part of her professional recognition. She got RTV-Star Award 2018 in category of ‘Popular Choice in ...

Entertainment »

Sara Ali Khan dazzles on her first ever magazine cover


Sara Ali Khan looks breathtaking as she graces the cover of Filmfare magazine for the March issue marking it as her first magazine cover. Just two films old, the actress has carved her place in the entertainment industry within the short span of time. The actress donned a bronze sequinned ...

Football »

Di Maria fires PSG into French Cup semi-finals


Paris Saint-Germain continued their bid for a fifth straight French Cup title as Angel Di Maria scored twice in a comfortable 3-0 quarter-final win over Dijon at the Parc des Princes on Tuesday.Di Maria's eighth-minute lob put the holders ahead, before adding his second before the half-hour mark, with Thomas ...

Editorial »

Time for NRBs becoming country`s development partners


PRIME MINISTER Sheikh Hasina has called upon the Non-resident Bangladeshis to come forward with their investment in the country's 100 economic zones alongside foreign investors. To attract foreign direct investment (FDI), the government has already offered various facilities. In this context, the NRBs who have a lot of contribution to ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news