Celebrate Walden University’s Global Day of Service by Volunteering: Saturday, 2 October, 2010

Once again, our students, alumni, faculty and staff members, along with their friends and family, came together in a truly remarkable way to celebrate Walden’s Global Day of Service.  On Saturday,Walden Service Network Oct. 2, more than 1,700 individuals volunteered across 455 cities, with 700 of those volunteers specifically participating in more than 90 Walden-sponsored service projects. I’d like to thank all of you for generously giving your time to make a difference in your local communities.

When we held our first Global Day of Service five years ago, it was with the goal of dedicating one special day out of the year to work alongside each other in neighborhoods across the nation. Now, we come together worldwide, demonstrating the importance of our mission of social change.

While I know that our Global Day of Service is just one of many days that you might volunteer, it is an important day for Walden, as it showcases what we can accomplishtogether, as a community. Earlier this year, when we launched the Walden Service Network, I put forth a challenge to our community as part of our 40th anniversary celebration to perform 400,000 service hours in 2010. I am very excited to report that we have already surpassed our goal, with volunteers performing 420,000 service hours. According to Independent Sector, a nonpartisan coalition for the nonprofit and philanthropic community, the value of a volunteer hour is $20.85, translating our hours to more than $8.75 million in service. Congratulations to all of you on reaching this impressive milestone.

Help, however, is still needed. I encourage you to continue to use the Walden Service Network. This growing network can be a valuable resource for finding a volunteer opportunity that is meaningful to you, or for recruiting volunteers for your own service project. Remember to share your social change stories with us atmyWaldenImpact@waldenu.edu. Your experience may serve as an inspiration to others to become involved.

Walden Service NetworkInspiring others to volunteer is such an important way for us to help contribute to the greater good. In fact, it’s the focus of Walden’s sixth annual Social Change Conference on Wednesday, Oct. 27. I hope you’ll join us as we explore ideas for bringing widely diverse missions to life and for igniting volunteerism to fulfill those missions. The hour-long online conference, Volunteerism: Encouraging Individuals to Effect Societal Change, begins at 1 p.m. EST. Click here to register today.

We look forward to hearing about your volunteer work throughout the year, and we hope you’ll participate in next year’s Global Day of Service on Saturday, Oct. 1, 2011.

Sincerely,

Jonathan A. Kaplan

President

The Dog Ate/Scooped My Research: What scholarly research doesn’t need

In response to the article dated 23 August, 2010, wherein Patricia Cohen, New York Times, explains how Dan Cohen, George Mason University, considers current academic culture–literature, in particular–the “exclusive” domain of “the charmed circle of tenured academe” (Cohen, 2010). They crticize the dearth of individuals that have invested

I won an Amazon Kindle2 from the Springer booth at the Academy of Management Annual meeting 2010 in Montréal this August!

significant time and effort to develop disciplined higher order reasoning as a “monopoly that peer review has on admission to career-making journals.” The de-emphasis of prestige that I believe social media and revolutionary applications of it to research, such as Mendeley, has the power to encourage and the consequent emphasis on scholarliness and quality of research can improve integrity in science by raising expectations on all researchers to be familiar with research regardless of the Impact Factor of the journal it was published in.

Doing so would allow quality research to be published in a timely manner, quality assured by peer review, but eliminating “the dog ate my paper” as an excuse as well as the “dog published my paper” excuses that come free in the box with allowing submissions and revisions from everyone and their dogs. Just like so many other blogs, I launched mine (http://robincheung.info/mbalog/) without any more inspiration than the myriad other blogs launched by keen young MBA grads after reading that “the best thing you can do is start a blog (or video series or wiki or some other online channel)” (Scott, 2010). After deciding I had mastered half the art of optimizing blog readership, I though I should try the arguably-harder opposite goal of maximizing.

Now that I’ve spent time in the natural and social sciences, as a bank analyst and an academic, and don’t feel smarter or richer than anyone else in particular, I think my role is to spend the time and effort to explain some of the more advanced concepts that researchers and academics often base on actual stock prices, that practitioners and professionals don’t want to invest a little brain make think into for more consistent and defensible outcomes, and that everyone else thinks is either black magic or secret methods to exploit them. In a similar way, I feel that the NY Times article was written to persuade rather than to inform–to sell newspapers rather than solve a problem. It looks like a story a researcher’s topic, written by a journalist (in contrast to a researcher writing a phenomenology on sensationalism in journalism).

Even though I’ve barely crossed the starting line in my academic career, it is immediately clear that the NY Times article argues that the solution to the research-equivalent the square peg-round hole problem is to improve peg-squaring efficiency to reduce any delays during the stochastic peg-rounding process. Necessary specificity of research questions and their logical emergence from previous findings they tend to exhibit most often questions how effective the blinded review process is in ensuring reviewers treat both friends and competing researchers’ works the same.

In order to capitalize on popular perception of academics in their exclusive Ivory Towers and undermine the dogma that blinded peer review is needed to prevent application of theory to inappropriate situations (intentionally or unintentionally), using deprecated methodologies or analyses to support a researcher’s beliefs, data, or birthday wishes (see Flescihman, 1989) Patricia Cohen (2010) now “experts evaluate a submission, often under a veil of anonymity, can take months, even years” The reality is that academia does not at all need a greater abundance of scholarly publications but rather a systemic shift towards an equilibrium that rewards increased accountability, pursuit of truth over personal glory or this-worldly rewards (but not Weber’s all-holy this-worldly ascetism).

The union of a researcher’s familiarity with key researchers in their own field combined with caring enough to know what project their friends currently find more important than catching up over lunch–or even a phone call–notwithstanding, Cohen (2010) retains “anonymity” as a straw man argument intended only to support the generalization that this anonymity reduces accountability; by convention, I define the intersection of researchers whose papers make it to blinded review that believe anonymity is their paper’s saving grace( from a rival’s biased review) and the set of researchers that cannot reject the existence of Santa Claus at a non-neurotic significance level to be the null set.  Practical considerations and costs dictate each journals’ policies, but I know that the critical feedback for the few papers I have had the opportunity to review anonymously was forwarded to the authors to inform improvements to their paper.  My own comments were even rated for usefulness by the original authors in some cases.

Adoption of social media platform such as Mendeley will drive. It is true that some prestigious journals have rejection rates over 95% and equally true that some of these journals average 12 to 18 months–or longer–from the time a paper is accepted until it reaches the news stands (or doesn’t reach the news stands, in the case of any respectable journal). It is just as true that humans live to 120 years of age before dying of old age. What it is not is either “representative” or “ideal” Article turnaround times averaged three months for arbitrarily-selected journals published by Springer, a leading journal megapublisher that brings you such exciting leading edge scholarly publications such as “Annual Review of Gerontology and Geriatrics” and “International Review on Public and Nonprofit Marketing,” (although I did win an Amazon Kindle 2 eBook reader from filling out a comment card at their display booth a few weeks ago at the Academy of Management 2010 Annual Meeting in Montréal, my selection of Springer as an archetypal publisher was by no means influenced because they awarded me the awesome new ebook reader that is actually suitable for academic research and not just for reading novels; maybe someone will leverage the Mendeley public API and extend ebook readers beyond simply a way to carry around more articles).

F-test Fisher-Snecdor distribution describing elements of variation; used in basic statistical tests, such as ANOVA

Without even looking for a brand new ISSN number, there are already myriad scholarly journals struggling that have competent editors, astute methodologists that will call you if you try to use a pairwise t-test when there is no good reason not to use an ANOVA Levene’s test, or that you did know using ANOVA would avoid amplifying Type I error from pairwise t-tests, but you forgot if the null hypothesis in Levene’s test was that population variances were homo- or heterogeneous and flipped a coin for your post hoc. There are many competent reviewers who will critically review your study’s insightful correlation of psychopathology to the Big Five personality traits, diligently-assessed through a rigorous administration of MBTI MMPI, and NEO-PI (clearly supported by a citation in the Harvand Journal of Psychology, one of the myriad+1 peer-reviewed journals that now exist; somehow the hypothetical Institutional Review Board didn’t find that undue burden on test subjects I guess), in accordance with the Protection of Human Research Participants principles attested by the free NIH certification, to matched samples (of size calculated using the appropriate sample size calculation for the anticipated tests using G*Power 3) of 18- and 19-year-old Form 5 exchange students from Hong Kong, all of whom gave informed consent. Just the same, methodologists might enquiry how you’ve considered “regression to the mean” in your design–psychopathology itself being defined by abnormal behaviours and that you anticipate would be reflected in abnormal scores. And psychologists who took more than introductory elective I took in undergrad might point out that different cultures may systemically personality traits differently to the population used to norm reference the tests.

As early as 1996, libraries hoped electronic journals (in development since 1976) would be able to mitigate the huge acquisition and maintenance costs of traditional paper-bound scholarly journals (Harter, 1996). First Mondayirb is a “peer reviewed” journal that has been openly accessible on the Internet since 1996 that states its articles are reviewed by “at least three reviewers for originality and timeliness in the context of related research” (First Monday Editorial Policies, 2010), but whether reviewers critique validity, methodology, or theoretical framework was not as clear. One recent ethnographic examination of scientists that use blogs in a scholarly context, acknolwedged that blogs may not be appropriate in all situations, but since “the aim of this article is to study the motivations of researchers that keep a blog, and because of this point of departure, the critical or problematic aspects of blogging were not main topics” (Kjellberg, 2010). Although I may be a fledgling researcher myself and appreciate the higher order reasoning practice required to deduce specific examples of “problematic aspects,” I would prefer if the author could delineate some prototypical cases to ensure I internalize a model of blogging congruent with the author’s. I have encountered one of these “problematic aspects” in my own blog; in response to a recent blog post pointing out that activists are no less guilty of manipulating the truth than the corporations they decry, I was asked by the author to pretend there was never any attempt to manipulate readers because they had erased whole portions of their post to which I objected. The author clearly intended to leverage complex-sounding scientific terms to incite fear in the public of such as compounds as “calcium carbonate (chalk)” (Cheung, 2010).

I’m not sure whether the original intent to use readers’ ignorance of scientific terminology for everyday compounds or the attempt to cover up the attempt was the greater disservice. Nevertheless, even if the focus of the article were to explore how certain scientists used blogs in a scholarly context, I would prefer the author at least delineate what advantages and disadvantages blogs had that made them worth investigating, if not evaluating each blog against a set of strengths and weaknesses.

One of the strengths I’ve come to appreciate of Walden’s doctoral programme is the redesigned research theory

The efficient frontier, where CAL is the capital allocation line.

and design courses that gives a structured “big picture” introduction to research design. Beginning with epistemology and ontology, students are encouraged to make sure they are asking research questions that are not only socially-relevant and that are appropriately-, but not arbitrarily-,specific; whether paid by accountability-demanding tax-payers or investors that nod when you ask if they’re sure they know what a Venn Diagram is and then equally frenetically point to the area outside the only circle (these must be the same kids that keep telling us to “think outside the box”) in Figure 1 that Markowitz (1952) explains contains the set of “attainable E, V combinations,” you’ll inevitably have to say why out of you, Johnny, and Sarah, the only sensible strategy at the arcade is to give you the whole roll; it would be an epic waste of quarters any other way–without all of them, none of you has a chance at HI SCORE–durr.

As clear as it should be to any disciplined scientist–natural or social–that the invention of a teleportation machine would be unscientific, but the commercial application of it would be reckless, the distinction between a foray into a literature gap that yielded a commercially-successful innovation and a wholly-reckless unscientific guess that happened to function and may or may not eventually tear the universe a new black hole is frustratingly academic to investors, executives, and the teleportation market segment alike; furthermore, it would reinforce the common notion that academia does not pertain to real life. To the teleporting public, the warning against commercialization of a poorly-elucidated phenomenon makes less sense than why they should have to remember to apply Bessel’s correction (N-1) as the denominator for Sample Standard Deviation when simply dividing by N works (and makes more sense!) for Population Standard Deviation. And isn’t the sample supposed to be “representative” of the population, anyway??

References:

Cheung, R. (2010). The doGkins delusion: Deceived disciples. Retrieved 29 August, 2010 from http://robincheung.info/mbalog/2010/08/02/the-dogkins-delusion/

Cohen, P. (2010, August 24). Scholars test web alternative to peer review.  The New York Times. p. A1 Retrieved 29 August, 2010 from http://www.nytimes.com/2010/08/24/arts/24peer.html

Fleischmann, M.  (1989). Electrochemically induced nuclear fusion of deuterium.  Journal of Electroanalytical Chemistry 261 (2A): 301–308, doi:10.1016/0022-0728(89)80006-3

First Monday. (2010). Editorial policies: Peer review process. Retrieved 29 August, 2010 from http://firstmonday.org/htbin/cgiwrap/bin/ojs/index.php/fm/about/editorialPolicies#peerReviewProcess

Harter, S.P. (1996). Electronic journals and scholarly communication: a citation and reference study. Information Research. 2(1). Retrieved 29 August, 2010 from http://informationr.net/ir/2-1/paper9a.html

Kjellberg, S. (2010). I am a blogging researcher: Motivations for blogging in a scholarly context. First Monday. 15(8) Retrieved 29 August, 2010 from http://firstmonday.org/htbin/cgiwrap/bin/ojs/index.php/fm/article/view/2962/2580

Markowitz, H. (1952). Portfolio selection. Journal of Finance, 7(1), 77-91. Retrieved from Business Source Alumni Edition database. Scott, D. (2010). Job search advice for university students and recent graduates. Retrieved 29 August, 2010 from http://www.webinknow.com/2010/06/job-search-advice-for-university-students-and-recent-graduates.html

Scholars Test Web Alternative to Peer Review

Lies, Damn Lies, and Statistics III: Statistics Canada International Methodology Symposium 2010

Those of you familiar with my recalcitrant non-conforming ways but also know that I am loathe to reject any traditionally-accepted theory without first striving to gain a mastery ofStatistics Canada 2010 International Methodology Symposiumit will appreciate, then, my plans to attend the 2010 Statistics Canada International Methodology Symposium, from October 26 to 29, 2010, in my hometown (well, from the time I moved to my first “big city” from small-town Ontario in Grade 5 till I completed my BSc Hons. at Carleton).

I’m currently in Orillia to spend the day with my daughter so this will be a brief post that I’ll follow up on later, but the following are the highlights from the symposium; there’s still time to register!  Those in research as well as practical research, such as marketing research, will find great benefit and value in the programme:

Social Statistics: The Interplay among Censuses, Surveys and Administrative Data

Early Bird Registration until September 17th

Statistics Canada’s 2010 International Methodology Symposium will take place at the Crowne Plaza Hotel in Ottawa (located in the heart of downtown Ottawa) from October 26-29, 2010.

The Symposium is entitled “Social Statistics: The Interplay among Censuses, Surveys and Administrative Data”. Members of the statistical community, such as those from private organizations, governments, or universities, are invited to attend, particularly if they have a special interest in statistical or methodological issues resulting from the use of multiple sources of data (censuses, sample surveys or administrative data).

Symposium highlights are:

One full-day of workshops on Tuesday, October 26th

a) Record Linkage Methods (Karla Fox and Lori Stratychuk from Statistics Canada)

b) From Traditional Demographic Calculations to Projections by Microsimulations (André Cyr, Julien Bérard-Chagnon, Éric Caron Malenfant, and Dominic Grenier from Statistics Canada)

c) Using Administrative/Operating Systems to Strengthen Statistical Survey/Census Systems (Fritz Scheuren and Young Chun from National Opinion Research Center)

Jelke Bethlehem, Statistics Netherlands, as the keynote speaker on Wednesday, October 27th

Ivan Fellegi, Statistics Canada, as the Waksberg Award speaker on Thursday, October 28th

Following the symposium, a CD-ROM of the presented papers will be sent to all conference participants

The Symposium also anticipates a stimulating program of more than 90 invited and contributed presentations from Wednesday October 27th to Friday, October 29th, including various topics such as:

  • Databases
  • Sampling frames and use of multiple frames
  • Multi-mode data collection
  • Employment data, justice data, poverty data, health data
  • Complementary surveys
  • Traditional and administrative censuses
  • Record linkage methods
  • Treatment of non-response
  • Use of auxiliary data in weighting
  • Small area estimation
  • Microsimulations
  • Validation and reconciliation
  • Real-time access
  • How do you define business “Strategy”? Post your idea!

    In my initial CIRA post http://robincheung.info/mbalog/2010/08/30/how-i-cira-i/ I tried to convey the clarity of some major threats to CIRA’s brand and strategy.

    Because I recognize that many professionals have not refined a discplined, systematic approach to strategic analysis, my post was lengthy to explain why the threats were credible, to those who know strategy is important, but are accustomed to analyzing strategy by textbook and not with conceptual reasoning.  Even amongst MBA graduates of various degrees of experience, you will find as many different definitions for “Strategy” as people you ask.

    How do you define Strategy? Try to answer that conceptually as a comment, covering all the important aspects, without relying on any specific

    examples.  Although there are myriad books and references on Strategy now, they’re not all equally-good, and they’re not all equally-applicable.  Although it’s undergone several revisions and changes since I used it as a text in my P601 Introductory and and P710 Advanced Strategy during my MBA studies at McMaster University in 2000-2003, perhaps you could start with Thompson & Strickland’s Crafting and Executing Strategy;  it’s an easy read that everyone could benefit from (including scheduling a re-reward, for myself).  And I stress again, reading critically, using the words as a conceptual guide, still testing everything you read and not internalizing concepts until you’ve understood it as if you derived it yourself.

    But as clear and unmitigated as threats appear, the majority of CIRA members neither seemed to internalize the gravity of the threats nor demonstrated how CIRA has already mitigated them in ways not evident from their informational material.

    This represents a great opportunity to improve understanding business policy and strategy, in a not-for-profit marketing setting.

    I understand that Strategy can seem vague and complex to results-oriented people who emphasize action over planning; however, action that is arbitrary and uninformed by overarching strategy (including actions retroactively associated to an intended strategy) can be easily identified as very clear weaknesses (attack surfaces, in IT-speak) by astute strategists.

    For example, attended by over 8,000 professionals and scholars from over 80 countries participated the Academy of Management 2010 annual conference in Montréal; I actively participated with Business Policy and Strategy Division in peer reviewing academic papers before presentation, specifically addressing competitive signalling using price, in cases of information asymmetry.  My previous mBaLOG post reports on this experience and how it demonstrated that Walden’s newly-designed research theory and design course sequence, required of all doctoral candidates, results in much better-designed research and indeed much more apt research questions to design research for than the traditional universities’ of expecting budding researchers to learn by osmosis, which results in differentially learning research designs depending on your mentor’s own needs at the time, and definitely endorses arbitrarily choosing something that works, then rationalizing it, rather than selecting the optimal design that flows naturally as a consequence of thoroughly-understanding research theory and your own research topic.

    In English, this essentially refers to understanding of how capital and cost structures are components of pricing under various strategy types and competitive markets, and then engineering your price not only to maximize profits directly, but strategically to mislead potential new entrants about their own cost structures or nature of the market, serving the same profit-maximization objective in a more strategic way.

    Although my specialization focuses on capital structure and modeling, I’ve long maintained a strong connection to marketing, particularly quantitative marketing, as both a way to remain cognizant of a humanizing, holistic focus on any business problem; but also to remember that, aside from Financial Services companies, marketing is often the most direct way to align company strategy with what people want.

    As such, I remain an active member of the American Marketing Association (and had retained my Canadian context as a member of the Marketing Research and Intelligence Association). Keeping current with upcoming AMA events that might definitely inform CIRA marketing and emergent strategy, this upcoming conference in Chicago specifically addresses the needs and strategies relevant to not-for-profit and non-profits.

    The reason why even a cursory examination of CIRA’s intended and emergent strategies identified so many exposures was because they do not align, either between intended and emergent strategy, but even more so, initiatives and how they are operationalized do not seem to flow from a clear, cogent strategy, but rather conceived arbitrarily-naive of strategy and tried to find a way to justify it, reconcile it, to strategy after the fact.

    To stress one more time, in no way are my suggestions to be interpreted as competitive or even adversarial; as confident as I am in my critical reasoning, if the smartest person in Canada can identify a threat (not implying it to be me), you can be assured that there are at least 70 others on the Internet who will do more than identify it.

    How do you define Strategy? Try to answer that conceptually as a comment, covering all the important aspects, without relying on any specific examples.

    The following MBA case studies were prepared for an accounting course, but fully cognizant that any solution must flow from strategy, aligned with all functional groups.  Marketing cannot propose an aggressive product launch that operations cannot support and finance cannot convince anyone to fund.

     

    How I took my most effective notes in school

    [tab name='McMaster @fb']

    The new Ron Joyce building, on the QEW towards Toronto, will house the MBA programme going forward. (B.Comm and PhD business students remain at main Hamilton campus).

    The following post was in response to a Wall post by the McMaster University, Michael G. DeGroote School of Business Farcebook group on 19 August, 2010:

    What’s the best way to take notes in class?

    A) Good ol’ paper and pen
    B) Laptop
    C) iPad (or other tablet PC)
    D) Sound / video recording
    E) My brain absorbs everything I need

    Since I didn’t seek permission to copy anyone else’s responses, my own response follows:

    I found this entirely depends on whether an individual finds audio information easier to digest or visual. It took me until my MBA (McMaster 2003) to realize that my notes were virtually-useless compared to one listening of an audio recording of the day’s lectures later that evening. Even more so, minidisc recordings of my lectures helped me prepare during exam time, because by then, I had lost even more context to interpret written notes. I find myself reading and re-reading texts several times when trying to learn concepts.

    One of the keys to making the most of my attention in class and study time before exams was reviewing the course content critically, a few hours after the course, making sure that I had not thought about the content for a few hours–like letting a steak rest after grilling it, before cutting into it–so that my mind wouldn’t feel overwhelmed or lose the “big picture” for the topics.  But just as important as the few hours’ rest was making sure to review the content–if not that night, then the next day, before adding more during the following lecture.  Just allowing my mind to have that rest and reviewing briefly but ensuring I fully understood the content not only drastically improved my performance on examinations, perhaps at least 20% (I never said I was a good student, had good study habits, or any self-discipline during undergrad), but also made preparing for the exams a vastly easier process since that review made it change from virtual re-learning ab initio to actual review before exam.

    [/tab]

    [tab name='Critical Reasoning']

    When I began emphasizing higher order reasoning and focused on abstracting a general theory, characterizing then internalizing it (critical thinking), then arbitrarily applying the correct one in the correct way to a different situation (synthesis) during my later MBA and now my early PhD (Walden

    2013) studies, I eventually combined audio and handwritten notes somewhat. Textbooks still remain quite difficult to learn from, for me. I realize that different people can be anywhere on this audio-visual spectrum, but when I tutor now, I always spend the time and effort to teach students not to look at a problem, recognize it as an _____ problem, and apply a technique, but rather by demonstrating a real-life case, the abstraction to a general case–especially noting any significant corollaries that are like curveballs in reasoning–and then allowing them to “test the waters” to determine the boundaries and characteristics of that generalized theory, to ask them to develop a parallel (but different) theory, showing any corollaries that correlate to the ones I demonstrated and synthesizing application informed by theory. One example of this is first demonstrating the derivation of a Demand curve in economics, interactively establishing what types of factors can shift demand, allowing the student to characterize (probe, test the boundaries) of the theory, and then allowing the student to derive the similar concept of the Supply curve and how and why it can shift.

    [/tab]

    [tab name='In the beginning, there was']

    The Dark Ages

    I should qualify that by noting that I found it quite disappointingly-uncommon to see well-developed critical thinking in most undergraduate students, and even fewer that had good enough understanding of a theory to synthesize application without prompting which theory to apply. This seems indicative of an educational system that teaches only lower-order reasoning, such as demonstrating how changes in, say, money supply, translates to a change in interest rate in various types of economies. This is similar to (drawing analogies is good because it requires the “draw-er” to abstract the essence of an example and find a different example whose essence corresponds well) reading the solution to a calculus problem in a textbook–it always makes sense and seems obvious–because it’s right! But come exam time, students have trouble identifying what a problem really is and even more so, selecting which technique to use to solve it.

    Sure, it’s much more challenging, and sure our current, easier system has allowed our economies to grow significantly as more students complete higher education than during my parents’ less-forgiving, more demanding educational system, but at what cost? I have increasingly been helping students–up to third year–with skills as basic as “how to structure an essay” and even basic mathematics.

    [/tab]

    [tab name='Humans Control Fire']

    Man Harnesses Fire

    During my Bio/Biotech undergrad (Carleton, ’99), I was so focused on first-order reasoning–simply learning what factors or what effects without really internalizing and characterizing them through active listening/reading and critical thinking, that I often took “traditional” notes, but kept together in a five-subject coil notebook. When I began my MBA, this worsened into full-colour, colour-coded splendour, using all manner of gel pens. If I lost my pencil case, I would probably have to go to the local high school to ask at the lost and found.  I also recognized that I was a much better audio learner, and I realized if I recorded each lecture on Mini Disc, after letting my brain rest for a few hours, I could reinforce that day by listening to them before bed; preparing for exams became much easier because I knew the material so much better.  Whenever I tried learning a concept from textbooks, such as during undergrad when most of what I learned about any course was necessarily from textbook, I was constantly frustrated because no matter what strategy I tried, I would invariably end up 10 pages ahead of where I last knew, no clue what the pages in between were about, and not sure how I left myself get there.

    [/tab]

    [tab name='Birth']

    Your First Lightbulb Moment

    During my MBA, I realized that the notes weren’t the key.  And at the time, I started having a lot of philosophical epiphanies about life that I began to write about, initially on the original Hullabaloo Message Board, although unfortunately, through various restarts (one complete reinstall in summer of 1999 lost a tremendous number of my most philosophical musings) most of those posts have disappeared.  I hope to commit them again, but when you lose a large amount of writing, the thought of writing it all down again feels like something is sucking the lifeforce out of you.  I still lead people through the thought process to their first real epiphany, usually something basic such as how we take what we think we know best for granted and stop critically testing it but just remember we know it from then on.  Consequently, the things we think we know best, we actually know the least.

    That “ah hah!” feeling like a lightbulb just went off (went off = turned on) above your head is like becoming aware about being alive for the first time but in a new way.  If you’ve already realized that but have learned the value of triangulating better understanding by still learning other perspectives on something you already know, you can still have a lightbulb moment along with everyone else if you just stop acrimoniously insisting (in your mind) that you already know this and actually think it through, test it, along with everyone else.  You can “realize” it again, or in another way.

    That’s how higher order thinking works.  It’s not knowing more facts about a topic.  It’s knowing more about the facts we already know.  Comparing thinking and reasoning to a game of chess, the lowest-order type of reasoning corresponds to memorizing a chessboard: you can explain there are 64 squares on it, alternating colours, and if you spend enough time, you could say what pieces you say where; if you recognize that there are some pieces that are the same and notice patterns like each player has two bishops, and each player’s two are never on the same-coloured square and you get the feeling they must be are a group that behaves similarly, that would be like 1.2-order reasoning.  You can score 100% on a chess exam that asks to show an example of a checkmate if you memorized a board right after some won (puns are good exercises for higher-order reasoning too, but more on that later).  When I was about 10 years old, I was in the library with my mother and sister–the Blossom Park library in South Ottawa, as I recall.  For some reason, I thought it would be impressive if I could show my classmates I memorized a lot of pi, so I got a book on it, sat there, and memorized (more on memorization techniques another time).  The next day I did wow the other nerds when I could recite 105 digits of it.  Most people would have been impressed if I could explain what pi was, what in our lives depends on it, or if I could directly use that information to show them how to draw a regular hexagon, but I couldn’t do that; I could just tell you the numbers (this is a good example I use to teach higher order thinking and basic math–remind me to explain next time!)

    I realize that nobody has the attention span or patience to be reading and following me up to this point, so

    But back to chess (I don’t have the patience or brains for chess in real life, by the way; I think I joined the chess club in high school only because other friends could play it and it let me avoid having to go outside in the cold Canadian winters)…

    If you

    . Our society emphasizes and reinforces the idea that “smart” means remembering more facts.  Exams that validate the importance of superficial recollection (questions asking for definitions, fill-in the blank, short-answer, or even math questions that resemble textbook samples) perpetuate society’s value of memorization and provide no incentive to understand better.

    [/tab]

    [tab name='First Steps']

    If finding out that what think we know best, we know least was your first real lightbulb moment, here’s an opportunity to be rewarded with an equally-powerful second one.  But after I explain how, you’ve got to stop reading, close your eyes, and don’t take what I say as true.  Test it, think of cases that show it’s true; think of cases that might contradict it.  Watch a situation actually play out in your mind (the second lightbulb moment will be by a third, most likely accompanied by a “knowing” smile, if you keep thinking about it for a few more seconds after this one):

    [/tab]

    [end_tabset]

    Do credentials mean we can should evaluate a statement any less critically?

    In the spirit of being in Montréal for the 2010 Academy of Management Annual Meeting, with over 8,000

    I attended the presentation of two papers I reviewed for the Academy of Management 2010, at the Montréal Palais de Congrès

    professionals and academics from 80 countries participating in over 7,000 programmes (the programme for the event is 491 pages long), I thought I would post an interesting discussion from the Academy of Management’s ht#mce_temp_url# site.  I had this discussion a few years ago with a friend from Israel, and at the time explained that I didn’t think it was worth it, for the reasons I outline below:

    Who’s contributed to Scholarpedia at this point? Just…


    Status Update posted Jun 28 by Elliot Bendoly

    9 Views, 3 Comments

    Entry:

    Who’s contributed to Scholarpedia at this point? Just wondering – Wikipedia is coming up a bit to often as a ‘source’ from my students. That’s just scary – At least Scholarpedia has a requirement on contributor credentials… I’d feel a bit better if this source had more Management topics described on it (as an equally accessible source for students)

    In response, I wrote 4 July, 2010:

    I’m not familiar with Scholarpedia, but a few years ago, a friend of mine encouraged me to participate in Citizendium, another effort at establishing a wiki requiring credentials of its contributors; however, without Wikipedia’s strength as an encyclopedic reference, I doubted that Citizendium’s content would reach critical mass to give it share of mind amongst users and make the time and effort of the contributors seem worthwhile.  We tend to use primary peer-reviewed scholarly resources for our references for particular reasons–namely that the methodology and theoretical framework have been vetted by the peer review process and that there was no obfuscation of the author’s original intent by adding a layer of interpretation by another author.  A wiki presenting the same material as an acceptable scholarly peer-reviewed primary reference but having passed through at least one pass of interpretation (which was not subsequently vetted by any established authority) has lost both the reasons we select the references we do and so would remain unusable for citation in a scholarly work and really does not strike me as having any net benefit over wikipedia, which we know has quite a fast response time in remedying vandalism to content and appeals to the same crowd that supports development of open source software.

    That said, while I would never dream of citing Wikipedia, I often have found it useful–again, due to its comprehensiveness and ease of understanding introductory material to any topic–to learn the basics of a given subject area as a starting point.  Unfortunately, the citations in Wiki articles do not appear to be monitored as closely as the articles themselves for vandalism, and many of the citations are expired, moved, or otherwise no longer helpful.  Still, the combination of Wikipedia’s comprehensive content ensuring that any topic I wish to learn the basics about will have an article–and one that is easy to understand without having to take a whole course on the topic–I think still makes it preferably to Citizendium or another less comprehensive wiki for the roles I expect a Wiki to play.

    On my way to Montréal, Elliot replied:

    Of course as academics we have ready access to peer reviewed sources.  But we also have students (MBAs for example who aren’t about to pick up an academic journal for content).  So often that means drawing on places like Wikipedia.  That’s where the concern is.  Wikipedia may have a lot of content, but vandalism vetting aside … I don’t have a great deal of faith in ‘Anonymous Joker’ ensuring ‘valid’ content.  It’s pretty laughable when you look at what little credentials some of these people have… I just wish there was something more accessable to students but still vetted by people who actually study these topics.

    I actually wrote the following response after the last one, but this response is specifically tied to his response:

    There are.  They’re available in the library, although the younger generation don’t really know how to use them.  But the advantage is that they don’t need to be recharged.

    If you look at my LinkedIn Answers badge, you’ll notice that the majority of my expertise points for Best Answer is in human resources-related areas.  Yet, as a Finance major, it doesn’t say that I would be a reliable source at all (although in MBA, I did pursue advanced recruitment and selection coursework, at the time because I figured knowing how I would be evaluated against others would give me an edge against others), but I now quite enjoy it.

    I also know many intelligent people who dropped out of high school.  Some have a GED, some don’t.  But as undisciplined as they are in their learning–and as much as I encourage them, when they’re ready, to pursue their interests with solid foundations, some of them are better at calculus than I ever was.

    As much as I don’t think that self-taught anything is a good idea for solid foundations and the proper “big picture,” particularly to point out non-intuitive related concepts or applications, I should not let that affect my evaluation of their statements; their posted statements do not change at the moment I find out if they’re credentialed or not; he’s not Schrödinger and his words not his cat.

    Ideas are ideas, and they should be critically evaluated before digestion.  In fact, since researchers cannot eliminate all of their bias, it may even be a disservice to students to serve them biased views from people we trust more because of their credentials and separate the do’er with the deed.

    Finally, I just wrote in response to his suggestion that the Wikipedia clone would be useful to MBA students:

    I am glad you  brought up the case of the MBA students, specifically.  I was one, myself, 10 years ago.  I came from  the natural sciences (my honours thesis was a computer mathematical model of the pre-equilibrium receptor-ligand kinetics of a specific protein responsible for modulating neurotransmitter release and synaptic vesicle transport, so I not only used the university library, but relied on the National Research Council CISTI library, which fortunately was also in Ottawa).

    At the time, I thought that the research I was doing was more rigorous and methodical than I ever imagined.  In fact, I wondered why more of our theses were not published.  (I now look back at what I was doing, and because Walden’s research theory and design course requirements–I’ve completed three 3-month courses so far, and expect to complete two more soon. Problem-based learning is great for reinforcing critical thinking to develop and internalize a model, whilst the introducing students to synthesis–the student needs to have elucidated a solid model thoroughly in order to formulate a parallel, but different application.

    But I digress.  I would not consider MBA students (other graduate degrees are usually less pragmatic more theoretical) a significant reason to accumulate a body of knowledge that parallels the 8 Gb (compressed text) of Wikipedia–particularly because it is not fair to ask that of a large base of individuals who worked hard and invested time and money to achieve those credentials.

    In fact, I believe that practitioners often readily dismiss using theory that researchers worked so hard to ensure a certain validity for a given population not so much because the theory could not be adapted to provide, on average, a more consistent and defensible solution, but because they are not willing to invest the energy to learn a theory and then synthesize how it must be adjusted to their situations.  I don’t believe it’s an unreasonable ask, because in my field (finance), theory is often supported (in hypotheticodeductive research at least) with empirical evidence from the real world, not controlled (such as monte carlo) simulations.  That a theory that is abstracted from empirical evidence should not be applicable to the real world, to me, means that practitioners are not willing to meet us halfway; yet, we seem to undertake these idealistic pursuits such as investing the time, energy, foregone salary of the people who apply our theories, to ensure that our theory is not representative only of the cases we studied, but abstracted to apply to a larger class of which our samples were merely a set.

    I still believe that, beginning with Wikipedia, the time that a credentialed individual would have expended to write–often duplicating Wikipedia entries–should be spent obtaining a book–not the original scholarly paper–that explains the concept and applies it.  Wikipedia still provides the “big picture” and names of major techniques and concepts; the student can then spend their own effort researching from more easily-digestible books from that point or even pay to compensate a certificate course instructor and not download the cost and “delegate” the effort to someone else for free.

    When I consider my own critical thinking competency and my ability to synthesize based on my understanding of a model, and how my MBA school (which is an AACSB one, just to be clear it was not called “Hanvard University”), what they need is not a source that may be biased or inaccurate but has the endorsement of a credentialled individual.  What they need is to focus on the reasoning process.  Garbage in, garbage out.  And I have seen my share of MBAs simply pick a concept out of the air without knowing how to consider overall priorities and “the big picture” to know if it’s an appropriate tool for the job or simply the first one they found that works. It would be like giving my 7-year-old daughter a graphing calculator (which I blame for my younger contemporaries–and I’m only 34–loss of the intuitive ability to visualize curves and transformations).  Further, MBAs generally do not–and probably should not–employ very cutting-edge advanced concepts.  Nobody expects MBAs to be subject matter experts when they graduate; if they did, an MBA in Accounting would mean it would substitute for a CA, CMA, or CGA.

    I usually advise any students that I tutor to “think more about less.”  We usually don’t think about things we think we know; consequently, we stop testing it critically and take it for granted.  People these days believe that more fact means smarter.  In fact, I will prefer a solution that only employs basic foundations adapted perfectly for a situation than an extremely complex situation that naive of the inner workings of the theory.

    If you were to ask an intro finance student to calculate a putative stock price with only a single model, such as EBO or discounted cash flows, I am positive that they would include the net income amount on the annual statement as-is.  They will give you the value of a company that pays to depreciate their capital assets by cash or cheque and capital assets and occasionally is in the business or selling factories but specializes in widgets.  It would be better if the students understood that the idea is not to use the “net income” amount because it is labeled as “net income,” but to use an amount that represents what they got for what they paid.  If an MBA student wanted to use a technique that was not already covered by 15,372 texts over the years, then I would advise them to use a simpler, more well-understood model during their MBA and take the opportunity to fill in the cracks in their foundations by triangulation.

    Citing Discussions and Personal Communications in Scholarly Discourse in APA Style

    I contributed the following to the Walden University Writing Centre Facebook Discussion in response to a question pertaining to citing personal communications.  Even if you’re not a Walden University doctoral student, you can appreciate how the Foundations course (first course in all Walden doctoral programmes), RSCH 8100 (introductory Research Theory and Design course), and RSCH 8200 (continuation of research design, aligning quantitative designs with appropriate statistical analyses) develop and refine our academic writing skills.

    During the initial three months of Foundations, we struggle to find our academic voice, support arguments with scholarly material, and cite it appropriately.  During the second three months, in RSCH 8100,

    One thing that I found is that during Foundations, everyone is trying to find their–and their prof’s–comfort zones when it comes to citing personal communications or discussion posts. After Foundations, RSCH 8100, and RSCH 8200 discussions, I found that–perhaps due to the awkward URLs for eCollege posts or focusing more on developing the ideas in a response rather than quoting what material the response refers to–actual discussion post and “personal communications” citations were much more infrequent after nine months of posts and responses. (I still believe that more common discussion forum scripts, such as phpBB or vBulletin–which preserve font and formatting codes–would have facilitated learning and applying APA. Being able to format headers, block quotations, reference lists, and bold/italics would have reinforced their appropriate use.) Just to give you an idea of how awkward some Foundations discussion posts were, here’s a quote from an AMDS 8008 post in October, 2009:

    The KAM’s could provide the basis of what the student will like to use on the dissertation but since the dissertation is at least 3 years from now how do you know that the theme is still relevant or even if it still your area of interest (Korrapati, 2009). According to Dr. Korrapati (2009), the KAM will allow you to grow and find what is really what will be your research interest. Reference: Korrapati, R. (2009). Walden residency personal consultation. Jacksonville, Fl.

    Progressing through RSCH 8100 (Winter, 2010), I suspect that the same post would instead have presented a reference from our research design text (Creswell, in 8100; Frankfort-Nachmias & Nachmias–arguably a more useful text once the introductory material is out of the way, in 8200):

    Gagnon, Jansen, and Michael (2008) begin their article with a survey of previous research and use these findings, Creswell (2009) suggests, to propose a series of hypotheses: “Use the literature in a quantitative study deductively, as a basis for advancing research questions or hypotheses.” Whereas qualitative designs often use open-ended techniques to collect data to identify emergent themes, this study proposed a priori hypotheses, appropriate variables to test and model them, and structured surveys to collect these data.

    By RSCH 8200 (Spring, 2010), I had become more comfortable simply asserting my interpretation of a concept without relying on direct quotations, supported by citation:

    In cases of such extremely disparate distributions, even minimum sample sizes for valid analyses may not even exist; thus, disproportionate stratified sampling is occasionally the most appropriate sampling method (Chakrapani & Deal, 1992).

    References

    Chakrapani, C., & Deal, K. (1992). Marketing Research: Methods and Canadian Practice. Scarborough, ON: Prentice-Hall Canada, Inc.

    Creswell, J. W. (2009). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches, 3rd Edition.Los Angeles: . Sage Publications/MBS, 082008.

    Gagnon, M. A., Jansen, K. J., & Michael, J. H. (2008). Employee alignment with strategic change: A study of strategy-supportive behaviour among blue-collar employees. Journal of Managerial Issues. XX(4): 425-43.

    CFA or MBA? (Or M.Fin?)

    For aspiring Finance students, the question of whether to do a Finance MBA or the CFA Institute’s pretisigous Chartered Financial Analyst designation is a decision that they probably will be answering quite confidently in a few years.  Loren Fox asked the question on LinkedIn Answers: “I currently work in the investment management industry and am looking for an educational program to improve and broaden my skills and my knowledge base. Although I do not have a business/finance background, my math skills are decent and I am a good learner. Which would be better for me to obtain: an MBA or a CFA? What criteria should I use in making such a decision? Thanks!”  Loren recognized my answer, and five others, as being good answers.  The complete set of answers can be found at http://www.linkedin.com/answers/career-education/certification-licenses/CAR_CRT/698149-7652894

    Over the years, I’ve seen various discussions on the Internet addressing exactly the same question–whether to pursue a CFA or an MBA in Finance. Although I haven’t seen it in a number of years, there used to be a complete Net Present Value analysis comparing the CFA and MBA I saw years ago (I decided that neither type of role as a practitioner sat right with me and I decided to apply my strengths to scholarly development of theory because of just such practices: application of NPV with such uncertain outcomes for any given individual, let alone for a general comparison flies in the face of all we, as researchers, hold dear as external validity)

    That said, even that isn’t necessarily the right decision, since we’re not machines with equal preferences, strengths, and competencies. Without already having some introduction to finance, committing to a CFA is a large and significant undertaking. On the other hand, an MBA can usually be completed either with Finance as a major (at my b-school, this meant that after the initial 19 courses in first year introducing all major functional areas of business, the second year would comprise 7 finance courses out of a total of 10) or as a general MBA programme if you decide that finance is not for you after completing the introductory finance course.

    Consider also that the CFA is primarily self-study and will require more self discipline, in general, than an MBA, which will generally be fast and furious, but with its regular assignments and exams, keep you from falling too far behind. A traditional full-time MBA takes two years (longer if you continue to work and complete the MBA part-time), but in recent years there has been an explosion of distance and online offerings that can allow you to complete the MBA faster than a part-time degree, but at your convenience.

    Keep in mind that the MBA is generally regarded as being a “mile wide and an inch deep,” whilst the CFA could be considered an “inch wide and a mile deep.” In general, I would expect that since a CFA should be known for technical expertise, that it would make you more suited for more technically-intensive roles, whilst the MBA, with its emphasis on general strategic managerial decision-making, to be better prepared to make strategic decisions cognizant of the strategies, resources, and competencies of the other functional areas.

    Clarification added 17 days ago:

    Further to Dave’s opinion that an “these days” an MBA is similar to an undergraduate business degree (here in Canada, they are generally B.Comm, BBA, or HBA) I have in the past expounded on that very topic, particularly in the context of why someone who already completed a four-year degree in business would want to return for an MBA, particularly when superficially the MBA programme I took (which is Canadian, but AACSB) comprised 19 courses in all the major functional areas in first year before any opportunity to specialize.

    To me, what I have noticed other than the level of critical thinking and application of theory that is expected of an MBA generally being much higher than that of an undergrad student is also that MBA tends to have a much more strategic emphasis, whereas undergrad tended to focus on the theoretical foundations that would prepare you (perhaps better than MBA) for application of theory more than selecting the appropriate course of action and plan to implement it. The difference sounds quite subtle, but even if your undergrad was not in business, by the time you reach MBA, your skills in decomposing, characterizing, parameterizing, and solving problems, critical thinking, and your more structured methods of organizing information and elucidating the relationships between isolated facts facilitate the emphasis on strategic decision-making as opposed to strict application of theory.

    Again, my MBA programme did offer a Finance specialization that stipulated that in the second year (first year courses at the time were six weeks whilst the second year courses were 12; they have since modified the programme so that all terms are 12 weeks), 7 out of 10 courses must be finance courses. While it should provide more than enough finance competency to get you in the door combined with evidence of career progression in finance, what really does set it apart from the CFA is the comprehensive foundation in all functional areas of business, always applied cognizant of strategic considerations. While the CFA seems to be a longer process, requiring three years to complete the three self-study parts, this is due to minimum time requirements and not quantity of material; during our six-week terms we still managed to complete entire textbooks.