This document summarizes the key learnings from various business school courses and contrasts them with the realities of those fields. It discusses how business communication focuses on etiquettes and the 7Cs but the reality is that success requires effective communication even in difficult situations. It notes that while accounting courses teach processes like journals and ledgers, investing billions requires deeper skills. Marketing is portrayed as focusing on the 4Ps but truly understanding customers and developing products quickly is more important. The document suggests operations is taught as optimization under constraints but the reality involves flexible problem-solving. It closes by announcing the return of a business competition called THE ICON and encouraging recruitment for the next season.