1 Quarter Down, 7 to Go!

What I Learned My 1st Quarter in DU's MBA Program:

1. The Essence of Enterprise

My key takeaway of this class is Awareness. When I say, awareness I mean self awareness, as well as, awareness of what is going around the world. I learned about myself, my values, who I am, and who I want to be. Most of the time, I live in my own little bubble. I don't think much about the rest of the world. However, in class we were forced to think outside the box. Therefore, I also learned about what is going on in the world with poverty, globablization, and sustainability. Some other key words are color energies, SLOT, team building, leadership, critical thinking, compass, MICEE, professionalism, oxford engagements, grand rounds, systems thinking, synergy, capitalism, democracy, triple bottom line, whistle-blowing, BOP, biomimicry, amongst others.

Sustainability - If you didn't already know it, our world is being depleted of unrenewable resources. People can't keep living the way they are living at status quo. But don't worry too much, all in all, another world is possible. Each and everyone of us has the power to change it. Respect yourself, respect others, respect the world, and be useful.

• As Peter Senge says: Our future lies in building sustainable enterprises and economic reality that connects individuals, society, and the environment.
• If you are looking for something you can do as an individual, it would be recycle! A little simple change in your daily life.

Public Policy - If you haven't already seen it, watch I.O.U.S.A. The Movie (click the link to see the 3o min version. It is an eye-opener. USA (especially Gen X, Gen Y, & Millenials) is in trouble, no more social security benefits for us when we retire!

• As Warren Buffet says: Short-term actions have long-term consequences.
• If you are looking for something you can do as an individual, it would be open a savings account and keep adding to it! Again a small easy change.

Budget Deficit
+ Savings Deficit
+ Trade Deficit
+ Leadership Deficit
= $8.7 tril Federal Debt (67% GDP)


2. Financial Accounting

Not a single thing, j/k. I now have a general understanding of assets, liabilities, stockholders' equity, financial ratios, and how to read and analyze financial statements and annual reports. Yup, that's all I can say about that!

Assets = Liabilities + Stockholders' Equity -> Rev - Exp = NI