Two mistakes MBAs (and all people) make
The first mistake is falling in love with the status quo. Investing too much time and energy to keep things like they are right now.  Even when new opportunity is in front of them.
The second mistake is just the opposite–trying to create opportunity too quickly. Pushing too hard.  And forcing the issue too quickly. Even when there is plenty of time to take a step back and be patient.
MBAs and lawyers are often guilty of the first. They get good jobs, with high incomes and do what they can to keep them.
Entrepreneurs are guilty of the second. They have the perfect idea or find a partner they like. But they don’t take a step back, think their decisions through and bring the others down the path with them, slowly but surely.  (Have you ever read the Tivo case study?)
Most of us have seen the downside of these mistakes, both personally and professionally.  But ironically we continue to make again and again.
1 Comment to Two mistakes MBAs (and all people) make
Hi Jeremy,
Thanks so much for your interesting blog posts! I wanted to ask you a question about deferring at a law school in hopes of later applying for a 3-year JD/MBA program. I decided I wanted a JD/MBA after I got into law schools this year. I already had decided to defer for 1-2 years and work in the start-up industry. I am deciding right now between deferring at Northwestern and Columbia. I received more scholarship money at Northwestern and am still waiting to hear back about financial aid from Columbia. One concern I have is whether I will be accepted to the MBA half after 1-2 years of work experience. From what I understand, I am only allowed to apply to the JD/MBA program after I begin my first year of law school. Since Kellogg is higher ranking than Columbia’s business school, I’m not sure if I should defer at Columbia to be safe? Also the higher financial aid package at Northwestern Law is a huge deal since without any financial aid, even a 3-year JD/MBA program is too expensive for me. How should I approach this decision?
Thanks, and sorry for the long question,
Kim
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April 12, 2013