Emily Chan - Harvard Business School Confidential
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- Book:Harvard Business School Confidential
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Harvard Business School is the iconic business school. An admission ticket to HBS is a hot commodity and an HBS degree is highly respected in the business world. This book, written by an HBS grad and seasoned businesswoman, tells you why. It is a distillation of the most valuable and pragmatic but yet easiest to learn concepts taught at HBS.
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Copyright 2009 John Wiley & Sons (Asia) Pte. Ltd.
Published in 2009 by John Wiley & Sons (Asia) Pte. Ltd.
2 Clementi Loop, #02-01, Singapore 129809
All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as expressly permitted by law, without either the prior written permission of the Publisher, or authorization through payment of the appropriate photocopy fee to the Copyright Clearance Center. Requests for permission should be addressed to the Publisher, John Wiley & Sons (Asia) Pte. Ltd., 2 Clementi Loop, #02-01, Singapore 129809, tel: 65-64632400, fax: 65-64646912, e-mail:
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the Publisher is not engaged in rendering professional services. If professional advice or other expert assistance is required, the services of a competent professional person should be sought.
Other Wiley Editorial Offices
John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, USA
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Library of Congress Cataloging-in-Publication Data
ISBN: 9780-470-822395
Typeset in 10/13pt JansonText-Roman by Thomson Digital
10 9 8 7 6 5 4 3 2 1
This book is dedicated to my parents, Peter and Amy and my husband, Vincent
Most parents and teachers would tell you: Study hard in school, get a good job, receive a good salary, and live happily ever after. In fact, when I was a senior at Stanford, the only thing my friends could talk about was how to get a good job at a consulting firm or at an investment bank.
There is nothing wrong with getting a good job if you just want a stable life. A good job, by definition, pays well and has good career advancement opportunities. You will save up and eventually will be able to buy a nice place to live in, own a car, and send your kids to school. Although you will most likely always have to be careful with your expenditure to make sure you can pay the mortgage and the school bills, you will still be somewhat comfortable. You will most likely be in the good solid middle or slightly upper middle class.
However, to most Harvard Business School (HBS) students, getting a good job is a means, not an end. HBS students do not think of getting a good job as the ultimate goal for several reasons:
I was one of the earlier employees of a start-up back in the late 1980s. It was very small when I was there. I got some stock options but I did not think much of them as I was not very senior and the value did not seem much. Then I left the company. After the company got listed some years later, I would check the newspaper once in a full moon on the stock price. For years, it always seemed to be about the same level every time I looked. So I would sigh and not pay attention. One day I decided to sell the shares as they were not going anywhere. It was then that I found out the company had had many stock splits over the years and my stocks were worth a lot of money.
(Working for the others) may actually put you at greater risk... Having a single source of income... not being given the opportunity to learn how to make thousands of decisions... decisions you would have mastered if you were self-employed... you are not doing things that are in your own best (economic) interest for you to become successful in terms of becoming wealthy.... You are merely doing what is in the best interest of an employer.
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