Day-9_MBA Journey_Life in Dubai
It has been almost two weeks since I came to Dubai. For the first week, I have stayed at Lavender Hotel close to Union station (Dubai Metro Red Line) in Deira area, where once the commercial center of the city but became less popular as the attention moves to DIFC or Dubai Marina area.
On September 13th, I have moved to the new place called Elite Residence close to Minase Yahi station (Dubai Tram) in Dubai Marina Area, which is the biggest marina in the world that can accommodate 120,000 people with an artificial canal city built along a two-mile (3 km).
I am currently living in a private room while sharing common area (kitchen, bathroom, toilet, laundry, living room, etc) with seven diverse people from all over the world. In the beginning of property search, I was looking at a whole property only for myself. However, considering the price, distance from the school, monthly payment (while most of the properties in Dubai are one, two, three or four time payments) and all the services (gym, swimming pool, billiards, pingpong table, common space regular clean up, furnished room, water server, utility, etc) included in the payment made me think that I can bear living with others. Surprisingly, most of share mates are very matured and respectful to each other that I am so far satisfied with my living condition.
No limits in human growth. Time is money. Live in the Present Moment!
It is necessary to set clear and crystal goal as my one year MBA program will fly in a moment as many of alumnus shared with me. There are three things Ibraham Savage guide me through on the other day.
1. Start Early in preparations, especially job hunting, 2. Connect internally and externally 3. Take an initiative in every matter
With what I learnt, it is great opportunity now for me to think things to prepare before my MBA program begin. Here are couple things I have jotted down.
1. Know in depth regards to my career goal - I.Talent Development, II.OD. III.HR IV.Sales Manager (1 hr/day)
2. Study Accounting (Basic) (1 hr/day)
3. Understand meaning and basic knowledges about Marketing, Managerial Economics and Date and Decision. (1 hr/day)
4. Study and get used to Critical Thinking (1 hr/day)
5. Keep eye on Pre-assignment (unknown)
6. Learn about People/Human Behavior - field I love to learn and study (1 hr/day)
Next Actions:
1. I think what's important now is to schedule all these in my calendar and make sure to clarify purpose and objective of each session
2. Make sure to put my personal hobby or action in between to relax and enjoy.
Today's Learnings
Loss Aversion: people's tendency to prefer avoiding losses to acquiring equivalent gains: it is better to not lose $5 than to find $5 - 損失回避
Conjunction Fallacy: a fallacy or error in decision making where people judge that a conjunction of two possible events is more likely than one or both of the conjuncts - 合接の誤謬
Anchoring Effect: cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered - アンカリング効果
Accounting: B/S
Balance Sheet: 賃借対照表
・Asset (future economic benefit): 資産
ex. Cash (現金)
・Liability (future economic sacrifice/obligation): 負債
ex. Loans payable (借入金)
・Equity : 資本
Ex. Retained earnings (利益剰余金/内部留保)
