Brett Sadler

Archive for the category “Business”

Two years and counting…

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After finishing the second year of my MBA studying through the Open University, I finally have some spare time to write a few blog posts.

So for this one, I will be again reflecting on what I have learn’t to-date from undertaking the course.

The first thing is probably obvious, but it has been a huge challenge. Not just in terms of the workload, but in terms of time management. There have been days and weeks where I feel like I have been solidly working or studying and doing nothing else. There have also been days when I would happily have thrown the towel in. But I have survived.

The second thing is that I have again broadened my knowledge. I’ve just complete the Corporate Finance module which has well and truly tested all students. I would be willing to bet that the drop out rate is pretty high during this course, culminating in the 3 hour written exam at the end. Again, I have survived (just).

The third thing is that again my horizons have been stretched. I purposely chose the course as I wanted to move outside of my comfortable ‘Housing’ bubble and build a network of colleagues beyond my usual circle. Along with this, the course content has stretched my horizons as well, to talk much more about profit, CSR (Corporate Social Responsibility) and the big wide world of corporate finance. OK, so I may never be involved in floating a company on the stock market, but I have a much better idea of how companies are valued and the many intricacies involved.

But overall, I have survived the end of the second year. Roll on the third (and final) year.

 

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Working Out Loud

working out loud

Are you someone who likes to work out loud?

I have long been an advocate of working out loud and by this I mean being open about what I am working on and seeking advice and best practice from others.

The popularity and acceptance of social media makes this task so much easier. I can just pop a quick post on LinkedIn (or a quick tweet on Twitter) asking for some best practice advice, or even just asking a question I would like the answer to. It really has produced some views and information that I can honestly say I would not have had otherwise.

Of course, it doesn’t have to just be through social media that we can work out loud. For me, its a much wider approach that can be adopted, where whole organisations can be encouraged to work out loud through a transparent culture where customers and stakeholder views are really valued. I’m not talking about sharing trade secrets or commercially sensitive data, but just letting customer and stakeholders know what an organisation and its staff are working on and allowing them to help shape and influence this journey.

I realise that not every organisation operates a values drive culture where you are encouraged or even able to work out loud, but for me this should be the panacea for an organisation. Frederic Laloux in his book ‘Reinventing Organisations’ sums this up perfectly:

Any information that isn’t public will cause suspicion – why else would someone go through the trouble to keep it secret?

There is something really refreshing about being open, making connections and getting the best possible outcome, all of which can be achieved through working out loud. So go on, next time you are faced with a difficult issue or wicked problem, why not try and open it out to others. You might just get a useful answer.

An MBA (and Housing) – a perfect fit?

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What relevance does an MBA have in the world of Housing?

As some of you will know, I have been studying towards an MBA (Masters in Business Administration) through the Open University.

As I am now half way through the three year distance learning course,  I thought it was an opportune time to reflect on a few of the key learning points from the MBA so far, to help answer the very question of its relevance. Here are the main ones:

I have had to step outside my comfort zone.  I don’t just mean in terms of the course content here. I am studying with a much wider range of people than I would normally work with; people who work in the for-profit sector, internationally, in family run businesses and global institutions. This is definitely not my usual close-knit Housing network and the diversity of students was one of the key reasons I signed up for the course.

I have a toolbox of useful business tools and concepts. I can now take these into my working career, whether that is ultimately within or outside the world of Housing. An MBA does not give you all of the answers, but it certainly helps to provide a wider and much deeper understanding of business. I feel more equipped than ever to tackle almost any issue at work.

The boundaries between for-profit and not-for-profit are difficult to define. The MBA course has brought this home to me on an amazingly regular basis. In Housing we are increasingly talking about profit, while in the next breath making it clear to anyone who will listen that we are not-for-profit. In a lot of ways, the definitions don’t matter – its more about having clarity of purpose within an organisation and ensuring that this is transmitted throughout the organisation.

There is a big world beyond Housing. I can’t stress this point enough. The MBA has shown me a taste of the big wide world out there beyond the Housing sector and I would argue that this ‘wide world view lens’  can be used to challenge and shed new light on old existing ways of working and thinking. I am the only ‘Housing’ person in my group and have really enjoyed being questioned and challenged on some of the Housing norms I have come to accept. I would like to think that I am a much better professional for it.

For me an MBA certainly has some relevance in the world of Housing. Sure, it might not be for everyone, but if nothing else it gives me a toolbox of theories and concepts with which to challenge the old ways of doing things, with a sound base knowledge of business which goes beyond the normal Housing world.

I for one am looking forward to taking this forwards in the rest of my career.

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