Pascal Lamy Talk

Pascal Lamy, WTO Director General, visited the Business school before speaking on the Eurozone crisis. Here are some topics from his talks:

• Ricardian Principle (Competitive Advantage)
• Schumpeterian Principle (Creative Destruction)
• Economic liberalization requires the reallocation of productive factors which is invariably "painful" -- but no pain, no gain
• Value Added Concept: Importing is good if it leads to higher value exporting
• 2012 World Trade Report being published in July
• Article 20 allows wide degree of latitude for factors such as national security (implications for technology export restrictions)

MBA Salary Statistics

• Harvard: http://www.hbs.edu/recruiting/mba/data-and-statistics/employment-statistics.html
• MIT Sloan: http://mitsloan.mit.edu/cdo/class11.php
• Stanford: http://www.gsb.stanford.edu/mba/career_opportunities/positions_compensation.html
• University of Pennsylvania:  http://www.wharton.upenn.edu/mba/your-career/fulltime-employment.cfm 

Industries which hire HBS Graduates

Production Forecasting

• MTS: Make to Stock: Fully produce products and stock them in a warehouse.
• Highly, demand forecast dependent
• MTO: Make to Order: Produce only when order is received.
• Generates wait time to consumer.
• ATO: Assemble to Order: Pre-assembly stock held.
• Some customization possible