Skip to main content

You know you are an MBA when….



You ask the waiter what the restaurant’s core competencies are. You decide to re-org your family into a ‘team-based organization.’
You refer to dating as test marketing.
You can spell ‘paradigm.’
You actually know what a paradigm is.
You understand your airline’s fare structure.
You write executive summaries on your love letters.
You think it is actually efficient to write a ten-page paper with six other people you do not know.
You believe you never have any problems in your life, just ‘issues’ and ‘improvement opportunities.’
You calculate your own personal cost of capital.
You refer to your previous life as ‘my sunk costs.’
Your three meals a day are a ‘morning consumption function’, a ‘noontime consumption function’, and an ‘even consumption function.’
You start to feel sorry for Dilbert’s boss.
You refer to divorce as ‘divestiture.’
Your favourite artist is the one who does the dot drawings for the Wall Street Journal.
None of your favourite publications has cartoons.
You account for your tuition as a capital expenditure instead of an expense.
You insist that you do some more market research before you and your spouse produce another child.
At your last family reunion, you wanted to have an emergency meeting about their brand equity.
You decided the only way to afford a house is to call your fellow alumni and offer to name a room after them if they help with the down payment.
Your ‘deliverable’ for Sunday evening is clean laundry and paid bills.
You use the term ‘value-added’ without falling down laughing.

Comments

Popular posts from this blog

Cryptocurrencies and Blockchains

With the increasing adoption of blockchain technology, the role of an accountant will change but not be eliminated. Think of mechanics. You still need the mechanic, but the mechanic will have new things to learn. The new technology will let accountants spend their time on the highest leveraged activities. Consider the role before Excel. People thought Excel would do our work for us, but it didn’t. But it is a better spreadsheet and made the job easier. Technology is changing at an exponential rate. Ignorance and apathy will put the slower movers at a disadvantage. It is expensive and it is complex, but if you don’t experiment with it, you will be in danger of falling behind. Now, remember when you first saw the internet? What about when you received a PC or a laptop? It is just another tool. It is a new tool that will change the role but not to make it obsolete. Those accountants who can embrace new technology, AI and blockchain will be well ahead of the game.

GPU price rise

     An increase in cryptocurrency mining increased the demand for graphics cards (GPU) in 2017. (The computing power of GPUs makes them well-suited to generating hashes.) Popular favourites of cryptocurrency miners such as Nvidia's GTX 1060 and GTX 1070 graphics cards, as well as AMD's RX 570 and RX 580 GPUs, doubled or tripled in price – or were out of stock. A GTX 1070 Ti which was released at a price of $450 sold for as much as $1100. Another popular card GTX 1060's 6 GB model was released at an MSRP of $250, sold for almost $500. RX 570 and RX 580 cards from AMD were out of stock for almost a year. Miners regularly buy up the entire stock of new GPU's as soon as they are available. Nvidia has asked retailers to do what they can when it comes to selling GPUs to gamers instead of miners. "Gamers come first for Nvidia ," said Boris Böhles, PR manager for Nvidia in the German region.

The laws

  The fundamental Wiio's law states that "Communication usually fails, except by accident". The full set of laws is as follows: 1. Communication usually fails, except by accident. 1. If communication can fail, it will. 2. If communication cannot fail, it still most usually fails. 3. If communication seems to succeed in the intended way, there's a misunderstanding. 4. If you are content with your message, communication certainly fails. 2. If a message can be interpreted in several ways, it will be interpreted in a manner that maximises the damage. 3. There is always someone who knows better than you what you meant with your message. 4. The more we communicate, the worse communication succeeds. 1. The more we communicate, the faster misunderstandings propagate. 5. In mass communication, the important thing is not how things are but how they seem to be. 6. The importance of a news item is inversely proportional to the square of the distance. 7. The more impor...