“When you arise in the morning, think of what a precious privilege it is to be alive – to breathe, to think, to enjoy, to love.”
“When you arise in the morning, think of what a precious privilege it is to be alive – to breathe, to think, to enjoy, to love.”
Dr. Rick Nason may be on sabbatical until June 30, 2017, but his schedule has not experienced any slowdown. With two new books scheduled to come out in the next few months, Rick’s days are fully “booked” (pun intended).
CFAME Connection reached him on location in Illinois to gain perspective on the challenges that face leaders in the next five years, such as shifting work patterns and additional compliance.
“Predicting the challenges that face leaders in the next five years is tougher than predicting the weather and a much tougher task than any other point in history.” Rick advised with his usual wit and clarity.
“I think there are three main challenges – the need to understand complexity as opposed to things that are complicated, something on which I have a vested interest as I have a book coming out on the topic in this month, the ability to be flexible combined with the ability to deal with the uncomfortable and the unfamiliar; and finally, a new appreciation for risk taking and risk management. Again, a bias as I have a book on new ideas for risk management coming out in August.”
“It’s Not Complicated: The Art and Science of Complexity for Business Success” published by the University of Toronto Press, is scheduled to make its debut this month and can be ordered through Amazon.ca.
I have given lectures on the topic of “It’s Not Complicated,” and realized the need to provide a comprehensive review of my findings,” Rick explained. “In the new knowledge economy, traditional modes of thinking are no longer effective. Compartmentalizing problems and solutions and assuming everything can be solved with the right formula can no longer keep pace with the radical changes occurring daily in the modern business world.”
Stay tuned for more from Rick Nason. He has promised to provide more insight into his book coming in August. Meanwhile, we wish Rick all the best when he takes a well deserved vacation coming up in a few weeks.
“What should young people do with their lives today? Many things, obviously. But the most daring thing is to create stable communities in which the terrible disease of loneliness can be cured.”
Kurt Vonnegut, Palm Sunday: An Autobiographical Collage
“I have never regretted that decision and the hard work that I had to put in to graduate. I am convinced it was one of the best career decisions I made and that the methodology and structure was instrumental in broadening the scope of my knowledge and ability. It was fundamental in contributing to whatever success I have obtained in my life.” Michael Archibald on choosing the MBA(FS)
New Year’s Eve 2016 was a milestone for Michael Archibald MBA(FS) 2009. On December 31, 2016, he was awarded the insignia of Officer of the Most Excellent Order of the British Empire (O.B.E.) by Her Majesty the Queen for his services to banking in Grenada as chief operations officer of Fast Cash. For Michael, this was an unforgettable New Year’s Eve celebration. It was also a time to reflect on the road travelled, to honour and remember the culmination of his efforts to give back to Granada.
CFAME Connection reached Michael at his office in Granada to ask for this thoughts on how the MBA(FS) added perspective to his work in the financial services industry.
I chose the MBA(FS)for a number of things including the natural result of the progression of my career in banking and my own desire to reach as far up the ladder as I could. I was not what one would call a “star” pupil. In my teenage years, I was more interested in representing my school and my Island, Grenada, in sports like basketball, soccer and cricket. I got into banking largely by accident when I was hired as a Teller at the St. George’s Grenada Branch of the Canadian Imperial Bank of Commerce; a large Canadian international bank with branches around the Caribbean.
As I moved quickly up through the various jobs and levels at the branch, I became more interested in banking and my sporting interests as a player fell by the wayside. I was chosen as someone with “promise”, and transferred to Canada for a while as part of the International Audit Team visiting all their International offices in the Caribbean, New York and London as an Audit Officer. This is the time that I knew I was hooked.
I soon came to realize that I needed to further my education in the field, to improve my qualifications and my understanding of banking, business and related fields, if I was to realize my potential and grasp the opportunities that were becoming apparent to me. My circumstances would not allow me to resign and enter University full time so I enrolled with the Institute of Canadian Bankers and worked my way to becoming an Associate of the Institute of Canadian Bankers. I returned to the Caribbean at the level of Branch Management in both Grenada and St. Vincent and I knew that being an Associate of the Institute of Canadian Bankers was not enough.
In March 1979, there was a revolution in Grenada, the first and still the only one in the English-speaking Caribbean, resulting in the overthrow of the Government. The new Government asked for the help of young individuals in banking to form a new local bank with the idea of establishing an institution that recognized and understood our economy, our culture and our needs, better than international banks. I was selected to lead the team that formed the new bank; our results were extraordinary. The bank experienced a radical transformation from the newest and smallest bank on the island to becoming the largest.
Being a small branch manager of one of the international banks does not really prepare you properly for the challenges of establishing and managing a complete stand-alone entity. I knew I had to further my education and understand the financial world better. I enrolled in and attained my Fellow of the Institute of Canadian Bankers and succeeded in the Stonier Graduate School of Banking in the United States. But I knew I needed more as the bank grew to become the largest bank on the island and a pillar of our economy. That led me to Dalhousie University in Canada and the MBA (FS) program. I have never regretted that decision and the hard work that I had to put in to graduate. I am convinced it was one of the best career decisions I made and that the methodology and structure was instrumental in broadening the scope of my knowledge and ability. It was fundamental in contributing to whatever success I have obtained in my life.
“Better three hours too soon than a minute too late.”
A FYI Moment: The Old Town Clock began keeping time on October 20, 1803.
Achieving the sought-after MBA designation, is not the final destination for CFAME graduates. Their influence, as strategic thinkers in the knowledge economy, is a confirmation that continuous learning leads to success and increased productivity. This is the legacy of CFAME’s commitment to excellence.
Dr. Martine Durier-Copp believes that research is ongoing and must be integrated within our day-to-day interactions and activities. She agrees with Dr. Makani that research goes beyond academic walls. Research is the foundation of knowledge exchange and is a continual process. In a recent virtual interview, Dr. Durier-Copp provides background on ongoing research at the Centre for Advanced Management Education.
Management is an art, but also a science, and as any science, it is informed by knowledge. Knowledge develops and grows, as we conduct more research. The way we teach management also evolves, and is based on current best practices, as informed by ongoing research.
Researchers at Dalhousie’s Faculty of Management study and investigate all facets of management from finance, operations management, strategy, marketing, to name a few. Our students also help to build this base of knowledge and are essential for the integration of knowledge within the broader community. Our students’ projects provide invaluable contributions to this exercise.
At CFAME, we are particularly interested in e-learning. That means, how students learn on-line, and how that is different from how they learn in traditional classrooms. That knowledge helps to inform the way we teach on line. Achieving the sought-after MBA designation, is not the final destination for CFAME graduates. Their influence, as strategic thinkers in the knowledge economy, is a confirmation that continuous learning leads to success and increased productivity. This is the legacy of CFAME’s commitment to excellence.
So, how do we conduct research?
One always begins with an analysis or review of the literature. What have other researchers found? We examine their studies for relevance, context, and of course, methodological rigour. From there, we can move on to extract important themes and issues, which can help us to develop a research framework – the lens or perspective from which we shall conduct our own analysis.
We then frame our research question, being a precise as possible; select our research method; and justify that method.
Next post: Dr. Joyline Makani on Asking the Right Question
“Nobody sees a flower – really – it is so small it takes time – we haven’t time – and to see takes time, like to have a friend takes time.”
“Almost all research endeavors, no matter how complicated, can be reduced to a single question.”
Dr. Joyline Makani
Claude Lévi-Strauss once declared that, “The scientist is not a person who gives the right answers, he’s one who asks the right questions.” Dr. Joyline Makani agrees unreservedly and elaborates on this idea in our next post in the series on the importance of research.
Successful research outcomes start with asking the right questions, because your questions must be answerable. To be able to effectively and successfully gather, follow, and interrogate the evidence you need to ask both factual and interpretive questions (ask: Who? What? When? Where? How?).
As Dr. Martine Durier-Copp noted, research is best accomplished by turning an issue into a question, with the intent of the research being to answer the question. Almost all research endeavors, no matter how complicated, can be reduced to a single question. The key is being clear on the question because it will make it easier for you to formulate a research strategy for finding the best information about this question. Basically, first ask what is the issue, what are you interested in or what are you curious about? You then take the thing you are interested in and turn it into a question.
Finding the answer will take you on a journey of discovery. We engage within an interconnected global world where information gathers at an exponential rate. You can find the answers by searching a variety of information sources: books, magazines, journals, websites, electronic databases.
But first, think about what kinds of information you need. Ask yourself: do you need competitor information, financial markets data, news/press releases, definitions, corporate reports, statistics, academic/scholarly articles, or government documents? Once you know the kinds of information you need, you can make a list of all the possible sources in which you think you can find that information.
While research may seem time-consuming, never fear. Librarians are your “short-cut” to success. To save valuable time I recommend asking a librarian. Expert librarians are very helpful at quickly identifying which kinds of sources can be used to find certain types of information.
“Don’t ever live vicariously. This is your life. Live.”
“My MBA journey added a strategic dynamic to my research capabilities. My approach to integrating and sharing knowledge evolved over the course of my studies. Academic efforts honed and defined my research competency, giving me greater freedom to objectively explore and assess ideas and constructs.”
Julia Yan MBA(FS) 2010, Vice President Regional Sales at TSX Trust & Listings Development, TMX Group, is a passionate supporter of lifelong learning. Dr. Joyline Makani’s post on “Research Takes Courage” reflected Julia’s personal experience both as a student and a career professional.
“I agree with Joyline unequivocally,” Julia noted in a recent virtual interview. “It takes courage because we challenge ourselves to look beyond the obvious. Its about analyzing arguments utilizing inductive or deductive reasoning, judging assumptions, solving problems and formulating new ideas. Information is key. From planning a vacation to preparing for a work meeting, we rely on research to provide us with valuable insights to connect the dots.
Research involves critical thinking and the ability to explore and evaluate multiple points of view. It is more than the gathering of data and interpretation. Research demands us to venture beyond the act of obtaining information. We need to develop skill-sets that enable us to digest information, to reason, to validate, and participate in dialogue among others with differing perspectives.
My MBA journey added a strategic dynamic to my research capabilities. My approach to integrating and sharing knowledge evolved over the course of my studies. Academic efforts honed and defined my research competency, giving me greater freedom to objectively explore and assess ideas and constructs. I especially enjoyed team projects, which provided the opportunity to collaborate and research within the context of a diverse community. Together, we searched for a solution to a specific challenge or issue, which well-prepared me for the team approach at the TMX today.
Conducting thorough research is essential within my chosen career path. I rely on rigorous research and meticulous attention to accuracy to prepare for strategic meetings with corporate executives, to formulate IPO strategies, to access public venture capital in Canada, to navigate complex transactions, to optimize operational efficiency and to foster growth.
The most important lesson that I’ve learned over the past few years, is that it is essential to encourage others to actively engage in research initiatives. I enjoy contributing to economic forums, international trade missions, and roundtables at the federal and provincial level. Individual achievement is satisfying, but the greatest rewards come from working with others dedicated to seeking positive outcomes for our communities, local and global.