Wednesday, March 24, 2004

I have come to really like this REP/Entrepreneurship class! It really is the most practical class I have had at INSEAD. The cases focus on small businesses and entrepreneur problems, which are way overlooked in big company cases. It is about little tricks that everyone of us could do, it is about common sense, cash management and all that...It is full of little hints and tips which you might not have thought about, it is cynical and realistic at the same time. It is also a very nice wrapper of all the things we were taught at school. A little bit about valuation, financing a deal, negotiation, accounting, value based management, OB, etc...which you can use in any other course. Turning around business, looking for hidden value, etc...can be done in any group by any line management, or even at a more abstract level by CEOs of larger firm. There seems to be very little wastage in this class.

And it is fun.

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