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PRESENTED BY STOCKHOLM SCHOOL OF ECONOMICS

What these Stockholm business students learned in Silicon Valley

There’s nowhere in the world quite like Silicon Valley. Birthplace of the world’s most iconic tech companies, the region in Northern California is a gold mine of talent and innovation. It’s for this reason Stockholm School of Economics (SSE) sends its Executive MBA cohort on an annual field trip to the world’s premier tech hub.

What these Stockholm business students learned in Silicon Valley
Photo: Lynette and a fellow student.

This year marks the third year that SSE, which is one of Europe’s leading business schools, has organised the popular field trip. The week-long itinerary includes a series of impressive guest speakers, lectures, company visits and a live group project. It’s not for the faint of heart but then neither is the intense 18-month Executive MBA program.

“It’s useful for them as the students get to see a context they might not be used to,” explains program director Angelika Lindstrand. “We also go to Hong Kong in the spring; the two trips together allow them to compare these different areas to understand how they work and get a deeper understanding of the business world.”

Find out more about the Executive MBA at SSE

This year’s Silicon Valley trip took place between 15th-19th October. The cohort of students jetted out to the prolific tech hub to mingle with and learn from its professional community. Fun it may be but the trip also shows them the challenges faced in the competitive and fast-paced world of tech.

Photo: Photo: SSE students at Facebook HQ

“Often students have this romantic view of Silicon Valley,” says Angelika. “They think that it’s just money flowing and it’s so easy to pitch ideas. So I wanted them to understand what it’s really like, how much hard work is involved and how difficult it can be. But also what a creative, innovative and fun place it is.”

One way Angelika does this is by setting students a task to work on a live project throughout the week. The idea is for them to team up to devise a business idea that doesn’t just have legs but that can stand up for itself in Silicon Valley. 

READ MORE: Why getting an MBA pays off for you – and your boss

“They have a pre-assignment and they have to think about whether their product or their company would fit in the Silicon Valley context,” explains Angelika.

It encourages the cohort to get creative and be proactive, asking in-depth questions to people they meet throughout the week as opposed to passively learning. 

“They have to find out as much market knowledge as they can. So we have people coming in during the week whom they can talk to. On the Monday, for example, we have a whole panel of entrepreneurs who have done this journey before.”

Angelika wants the cohort to be as proactive as possible but, of course, the week also involves plenty of listening and learning. Among this year’s guest speakers were head of venture capital relationships at SV Bank Kevin Scott, Stanford School of Engineering Professor Raymond Levitt and marketing strategist Joshua Reynolds. Each speaker imparts their hard-earned industry knowledge as well as sharing their two cents on what makes Silicon Valley tick.

Find out more about the Executive MBA at SSE

Students also complete an intensive module of Strategic Management taught by Patrick Regnér, Professor of Strategic Management at SSE, combined with international marketing classes taught by Angelika. It’s a busy week but one packed with plenty of invaluable experience.

Photo: Photo: SSE students at Facebook HQ

“We had a reunion with my first SSE MBA group a few weeks back and they still talked about what an amazing thing this is to do,” recalls Angelika.

‘Balancing our learnings’

The Silicon Valley field trip was among the reasons the Executive MBA program appealed to Head of Commercial Analytics and Intelligence for Ericsson Lynette Hoffmann.

“Silicon Valley is an ever-evolving place and SSE is balancing our learnings from the trip with a good view of Hong Kong and an economic view of a growing EU market in Latvia,” says Lynette, who is originally from South Africa. 

Lynette is now midway through the program with around eight months to go until graduation. Like the other students on the program, she is simultaneously working whilst she studies. It’s tough but Lynette knew that an Executive MBA would be a valuable tool in her toolbox if she wanted to take the next step in her career.

“My values of continuous learning in combination with the need to enhance my skills in terms of international management gave me the idea to apply for an MBA,” Lynette tells The Local.

Part of the Silicon Valley trip involves company visits which the students are encouraged to organise themselves. This way, explains Angelika, they are able to get into smaller groups and visit organisations that are part of industries in which they have a vested interest.

First on the agenda for Lynette was a visit to AT&T Foundry CTO office followed by a trip to Facebook HQ which she personally arranged for her group. The students were received by Markku Mäkeläinen, Head of Global Operator Partnerships at Facebook, who shed light on Facebook’s long-term technology strategy and advised them to prepare for the new reality that the advent of 5G will bring including learning how to work in an AI-driven environment.  

Photo: Photo: SSE students at Facebook HQ

Afterwards, Lynette and her fellow students were taken on a company tour which showed Facebook’s evolution and current work environment. For the students, it was a thrilling look inside one of Silicon Valley’s most innovative companies and the chance to experience a regular day at the tech behemoth.

READ MORE: How to take the next step in your Swedish career

Lynette describes the week as an “exciting 360-degree view of Silicon Valley” in which students were able to focus on leveraging the networks they gained as well as the existing networks within the cohort. It’s an experience she won’t be quick to forget and that she believes, combined with the upcoming trip to Hong Kong, will push her management skills and network to a new level.

“Of great value to my professional journey was to gain a framework for international business expansion and a relevant structure through which to approach a world-class unicorn system, either as a founder, business developer or investor,” concludes Lynette. 

Prepare yourself for leadership challenges with the Executive MBA at SSE

This article was produced by The Local Creative Studio and sponsored by SSE.

 

EDUCATION

Why ETH Zurich has been ranked the ‘best university in continental Europe’

A new international survey of universities has ranked Zurich’s Eidgenössische Technische Hochschule (ETH) the highest in the world outside the US and the UK. How does this school excel?

Why ETH Zurich has been ranked the 'best university in continental Europe'
ETH's main hall. Photo by Zurich.ch

The Times Higher Education (THE) World University Rankings 2022 have placed ETH in the 15th place (out of 1,600 surveyed worldwide). The school dropped from the 14th-place ranking the previous year.

Universities in the United Kingdom and the United States hold all of the top rankings ahead of ETH Zurich.

But as the top 14 are not in continental Europe, this means ETH has the unofficial title of the of best in Europe.

What is ETH and what does it do?

It is a public research university focusing exclusively on science, technology, engineering, and mathematics

It has a “sister” school located in Lausanne, the École polytechnique fédérale de Lausanne (EPFL), which specialises in natural sciences and engineering. 

The EPFL ranked in the 40th place in the survey.

Why has ETH scored so high in the study?

“Our strategy is derived from our federal mandate to conduct fundamental research, train specialists and transfer new knowledge to the economy and society,” said ETH President Joël Mesot.

University ranking methodology is based on scores for high-​level indicators relating to teaching, research, international perspective, and collaboration with industry.

“ETH’s overall scores show improvement in teaching, research, and publication citations”, the university’s rankings expert Paul Cross said.

However, it dropped slightly in terms of industry income and international outlook.

“Competition is fierce at the top tier of the rankings”, Cross noted. 

Here are some interesting facts about ETH:

  • It was founded in 1855 by the Swiss government to train engineers and scientists.
  • Today 18,000 students from over 100 different countries study at ETZ, 3,800 of whom are doctoral students.
  • So far, 21 Nobel Prizes have been awarded to researchers who have or had a connection with ETH Zurich.
  • While tuition in the top-ranking schools in the UK — Oxford and Cambridge — costs well over 10,000 francs each year, and in the in the US universities, such as Yale, Harvard, Stanford and Caltech, the annual tuition exceeds 50,000 a year, at ETH it is 1,460 francs.

In all, Switzerland is home to seven of the world’s top universities. Aside from ETH and EPFL, they are University of Zurich (75th place), University of Bern (101st), Universities of Basel and Geneva (103rd), University of Lausanne (176th).

Complete ranking can be seen here.

READ MORE: Why Switzerland leads the world in innovation (Partner content)

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