One of the biggest mistakes that business school applicants make is that they don't really understand the purpose of the admissions process. To really understand this, you have to realize that as an applicant, your customer is the school. And to serve your customer well, and to exceed their expectations, you have to understand what they're looking for. In order to do that, you have to really understand the underlying business model of the top business schools. Once you understand this model, you'll see very clearly why the admissions process isn't arbitrary at all and that there's a formula...