Thursday, May 13, 2010

"Year End Reflections on the Conflict between Productivity and Wisdom in an MBA Program" by Erik Walenza-Slabe

The functional nature of an MBA program naturally favors the compartmentalization of knowledge, and therein lays the great strength and deficiency of modern professionalism. The strengths are evident in the measurable productivity of modern professionals. The deficiencies are subjective in nature and thus easily ignored – if you can’t measure it, it doesn’t matter… Yet what is deficient is nothing less than wisdom, that marginalized concept which at its core indicates a holistic appreciation of one’s community, however defined.

There are three marginalized aptitudes that I passionately believe should be incorporated into the very soul of an MBA program, so that by permeating the process they nurture the development of a business class worthy of leading humanity into the 21st century. Let there be no question that I believe the business class has as thus far proven itself unworthy of the honor. The first two aptitudes apply directly to corporate social responsibility, the third concerns an individual’s ability to positively engage his fellows – they are: (1) The harmonizing of personal and social values with business practice (i.e., how to pursue business without acting hypocritically), (2) The proper treatment of individuals and communities, and (3) The art of effective communication.

I discuss these subjects not because I am dissatisfied with GWU’s GMBA program in particular. During my 20+ years as a student - stretching from grade school, through two undergraduate degrees and into this MBA program - I have experienced negligible institutional interest in nurturing these aptitudes. The reason for this omission is that they are of a holistic rather than a functional nature. They are neither readily measurable nor do they lend themselves to a resume – yet they provide the bridge between mere intelligence and wisdom. Intelligence has been in high demand of late - optimized by the whiz kids of Wall Street. Wisdom, in contrast, has become a sorely undervalued resource. The result has been growth in profitability and stagnation in life satisfaction – that, at least, is measurable – coupled with a sustained rise in mental disorders, depression being foremost among them. Social scientists are in overwhelming agreement that (a) wealth reduces suffering, up to a point, and (b) material prosperity does not produce sustained joie de vivre. Only healthy relationships and strong communities have consistently proven capable of producing that elusive prize.

How might the aptitudes that underlie wisdom be better developed at GWU? The first facility, sincere behavior, is amenable to classroom discussion. Hypocrisy is a disease that flourishes in the darkness of silent certainty but cannot abide the light of open dialogue. Extending classroom discussions to include the complex social effects of business decision will help to force students to reconcile their proposed actions with their internal ideals. Discussion must extend beyond appeals to double or triple bottom line awareness by continuously responding to the question: would this decision contribute to a more ideal world, a world I would wish upon my children and, importantly, upon the children of mothers and fathers in every corner of the globe? Of course each individual’s ideal world will differ, as it should. This line of thought will not force students to arrive at the same conclusions, but it will demand the recognition of values as the proper fountainhead of action, rather than as intellectual curiosities.

The art of treating people well is of a more practical nature and lends itself more naturally to the classroom. Dale Carnegie’s classic, How to Win Friends and Influence People, provides a suitable starting point to understanding how to nurture interpersonal relationships. This lesson is particularly important to future managers, as we expect ourselves to be, and it is unfortunate that MBA curriculum talks up but does not teach how to build relationships. Perhaps it is hoped that students’ interpersonal skills are fully developed prior to entering graduate school – a happy but hopeless prospect. Interpersonal skills are myriad and include understanding the unstated needs of others, generating trust, critiquing without alienating, and helping others build confidence. There is no standard metric for measuring these objectives, but there are more and less effective behaviors and MBAs, as with the general population, are not given the training to employ them well. The ability to treat people well stems directly from the ability to communicate effectively, which is the third objective on my list.

As with interpersonal relationships, we might hope that MBA students intuitively know how to communicate effectively. But empirical evidence suggests that we communicate as well as the next bloke. We are trained to be superior and superior communication is a central asset of successful managers. Do we listen with precision and comprehension? Can we succinctly express a sudden thought? Classroom experience suggests not. Do we even know how to analyze an audience prior to framing an argument? We might have an idea, but we certainly have no system for doing so. Some of these skills are holistic and must be incorporated into the very structure of education, others can be developed through the study of techniques and flexible rules – all are crucial to the development of effective managers and, indeed, effective community members.

Erik Walenza-Slabe Global MBA, 2011

Sunday, May 9, 2010

"International Consultancy Project--Sweden" by Eliza Roberts


One of the core requirements for first year MBA students in the Global MBA program at the GWU School of Business
is to conduct a consulting project for a foreign company abroad as a part of the International Residency Project. This year, the 120 or so Global MBAs are going to Serbia, Sweden, Korea, India, and Mexico. Check out the "Writers in Residency Blog" to document these courses.

The projects range from marketing food products in Serbia, to microfinance in Mexico and marketing for Swedish Green Technology companies that want to begin selling products in the US market. The classes began during the 4th quarter and culminate with a 2-week trip overseas to meet with clients and present in person, and to meet with other likeminded companies in the country.

I am on the Sweden trip and have spent the last 7 or so weeks with a team of 5 developing a marketing plan for a Swedish company that seeks to turn manure into energy. We have already had multiple conversations with our client and have drafted a nearly finalized version of our marketing plan that will likely change somewhat upon meeting with our client early next week. We just arrived in Sweden today and will spend tomorrow sight seeing and trying to fight our jet lag before diving back into our projects early next week and meeting with a number of sustainably- minded companies in Sweden.

There are a number of meetings I am really excited about, but I am particularly looking forward to a meeting with the sustainability person at IKEA. Our trip is starting in Malmo and after about a week we will take a train north to Gotenberg. The weather is much colder than expected, especially after basking in the DC sun. We are all hoping that the sun comes out and that a warm front arrives as soon as possible!

Eliza Roberts Global MBA, 2011

Tuesday, April 20, 2010

First Annual Certificate in Responsible Management Ceremony!


On April 15, GWSB held its
first annual Certificate in Responsible Management Awards Ceremony. Certificates were awarded to five business school students for completing the requirements of the CRM: 50 hours of service learning, 45 hours of extracurriculars, 6 credits of courses that pertain to the mission of the certificate program, and the creation of a blog to document and share these experiences. The five students who received certificates were: Danielle Bash, Alexandra Chaikin, Andrew Dawson, Sabina Puppo, Todd Ahern.

This years' recipients represent the first recipients of the Certificate in Responsible Management at the George Washington University School of Business and as far as we know, this Certificate program is among the first of its kind among rival business schools.

Dean Phillips spoke and distributed the certificates. David Greeley, Vice President of the Center for Private Sector Health Partnerships at the Academy for Educational Development (AED) was the featured speaker. He spoke about public private partnerships and his experiences in both the private sector and the non-profit sector.

Applicants from left to right: Andrew Dawson, Danielle Bash, Alexandra Chaikin, & Sabina Puppo



Speaker David Greeley, VP and Director for Center for Private Health Sector Health Initiatives, Academy for Education Development (AED)



Friday, April 9, 2010

First Annual Certificate in Responsible Management Ceremony


The first annual Certificate in Responsible Management Ceremony will take place on April 15 from 5:30-6:30pm in Funger 420. Certificates will be awarded to 4 George Washington University School of Business Students for completion of the Certificate in Responsible Management.

We are honored to have David Greeley, VP of the Center for Private Health Partnerships at the Academy for Educational Development (AED), as a speaker for the ceremony. A reception will follow the event.

Please RSVP to:
ebr@gwmail.edu.edu

Thursday, March 11, 2010

"No More Steady Paycheck" by Jeremy Dommu


I am in my late twenties, I'm unemployed, and my limited savings from five years of employment are nearly depleted. Yet, unlike many victims of the recession, I actually put myself in this position voluntarily. Why? Because I have nearly two full years of my life to pursue whatever academic and career endeavors I choose. I'm on my own clock, and the only person I am accountable to is myself. It's an incredible opportunity, and I consider myself extremely fortunate to be in this position.

Occasionally I look back and consider all that I gave up—a steady paycheck, a promising career in public accounting, a steady paycheck, five years of hard work and long hours, and a steady paycheck. But mostly, I relish this time, stay focused on my goals, and plan to reenter the workforce prepared significantly better than when I left it.

For some peers, their focus is primarily wrapped up in case studies, group meetings, test preparation, and class presentations—the assignments at a core of an MBA curriculum. For others, it's also quite simple to focus on the light at the end of the tunnel—the mythical six-figure salary, the Rolodex full of contacts earned from approaching industry experts under the innocent guise of a student, and whatever positive stigma still exists from simply being an MBA. For me, while those are incredibly important, I believe the projects I'm involved in outside of class are the most valuable and justify the time I'm putting into this degree.

That is why I consistently remind myself to free up more of my time and effort for activities outside of class. I rarely turn down a learning opportunity I see as valuable, and I regularly remind my peers of how to get involved. I'd like to spend some time highlighting some of the projects I am most excited about, and I hope my activities outside of class help others realize the merits of a full-time MBA and motivate my peers to stay involved. After all, at the end of the day, the benefits of an MBA are measured based solely on how much each individual puts into it.


South Korea

One of the flagship components of
George Washington's Global MBA program (GW Full-Time MBA Profile) is its International Residency. At the completion of our first year, all GW MBAs go abroad for a two-week consultancy project. What is unique about this project is that this isn't a field trip. We actually are developing critical recommendations and delivering them to an interested company or industry representatives. This year, our choices were India, Mexico, Serbia, Sweden, and South Korea—each project with a unique industry focus and area of business. In May, I will be joining a team of 20 GW MBAs in Seoul. Led by a former World Bank vice-president and Korean expert, we will prepare a strategic assessment of Korea's export prospects in the area of green technology and present our findings during a series of meetings to business, government, and think-tank organizations. The project begins with a seven-week course at GW and concludes with a two-week stay in South Korea. This is first-hand global learning.


GWSB Summit

The GW MBA program prides itself on student–run initiatives. If a student or group of students has an idea, then faculty, the administration, and dean empower and support that idea. I am a member of a new student club at GW, the GW Energy Group, and we, in collaboration with our Net Impact chapter, are putting this theory to the test with an ambitious plan to organize and run a half-day conference on business response to climate change. Using a combination of our own contacts, university sponsors, and our will-power and persistence, we are recruiting top business leaders, professionals, and students to come together on Apr. 8 at the Jack Morton Auditorium at GW to discuss the affects of climate change on business. Our goal, through a series of keynote speeches and panel discussions, is to paint a picture of a future clean-energy economy—and challenge future businesses leaders to make this vision a reality.


Net Impact Case Competition

Three of my classmates and I will represent GW at the Leeds Net Impact Case Competition in Boulder, Colo., on Feb. 19 and 20. The Leeds is the premier case format competition built around businesses facing sustainability challenges while succeeding financially. We are one of 20 semifinalist teams selected from a total of 68 entries in the first round of the competition.

In this round, we spent roughly 80 combined hours on a case that challenged us to propose policy recommendations to the U.S. Agriculture Dept. to increase sustainability and local agricultural practices. Our recommendations to develop a sustainable food label, which would create tax subsidies for local and sustainable food, and to require percentages of food served in publicly funded venues to be from sustainable sources, clearly impressed. Now we are heading to Boulder to compete in a competition sponsored by Excel Energy. Given the goals of the competition and the sponsor, we envision a class focusing on renewable energy technology or energy efficiency. But we won't know the complete details of our case until about 12 hours before we are scheduled to deliver our presentation to the judges. We certainly don't plan on any shut-eye that night.


Washington Metro Area Transportation Authority (WMATA)

Simply put, D.C. public transportation is a mess. With significant budget overruns and in the wake of several horrific accidents, there is much room for improvement. Enter a team of 30 MBA students—a unique collaboration among GW, Georgetown, American, and John Hopkins students—to conduct a sustainability audit and advise the organization on energy, water, waste, and operational efficiency measures to trim costs, improve environmental impacts, and help earn the authority some much-needed positive press.


Internships and Classes

I'm approaching crunch time for internships, have several additional interviews lined up, and hope to find out good news in the coming month or two about where I will be spending my summer. I've applied to five incredible internship programs and would be honored to be accepted into any one of them. I plan on detailing the process in the next entry, so stay tuned for all the gory details.

After a successful completion of the first half of year one, this spring semester continues our core curriculum (now marketing, macroeconomics, finance, operations strategy, managerial accounting, and my first elective course—Worldwide Energy Challenges, taught by a vice-president at ICF International). While I have a great deal on my plate, there is a great deal to look forward to, with domestic and international trips on the horizon and the excitement of an unknown future.

Jeremy Dommu Global MBA, 2011
*This is taken from Jeremy Dommu's blog on BusinessWeek.

Friday, March 5, 2010

"Greening Supply Chains" by Eliza Roberts


My Sustainable Supply Chains class has come to an end. After taking a number of required business school classes, it was refreshing to take an elective and spend 7 weeks talking and thinking about issues that I am truly passionate about. Over the course of the module, we looked at a number of different companies, including Shaw Industries, Herman Miller, Patagonia, Frito-Lay and Starbucks that are thinking about sustainability and incorporating it into their business strategies in different ways.

Shaw Industries was a particularly interesting case. Have you ever thought about what happens to old flooring and carpeting? 95% of it ends up in landfills and in 2002, carpeting contributed 4.6 billion pounds of waste into U.S. landfills! Shaw industries not only found ways to create PVC-free 100% recyclable carpet tiles, but found ways to do so while also reducing costs.

Herman Miller, a furniture company, follows the triple bottom line approach whereby a company works to strengthen not only its financial performance, but its social responsibility and environmental performance as well. Herman Miller’s corporate values statement is as follows: “We contribute to a better world by pursuing sustainability and environmental wisdom. Environmental advocacy is part of our heritage and a responsibility we gladly bear for future generations.” Herman Miller has focused on examining the entire life cycle of its products and created the Mirra chair, a mid-level office chair, which was designed using Cradle-to-Cradle protocol. The chair is made from 42% recycled parts and when the chair’s life is over, it is 96% recyclable.

Patagonia was a unique example because sustainability efforts truly are a key component of its core strategy. Sustainability is not only a key part of the company’s mission, but it is ingrained into all aspects of the business strategy. Patagonia has recognized that their existence as a company is in and of itself detrimental to the environment and made a pledge in 1991 to “slow growth” to minimize its impact. Patagonia seeks to maintain a balance between quality, profits, community and the environment and has made decisions because they are “the right thing to do” even if they do not result in direct cost savings to the company. To learn more, check out the sustainability page on their website.

The course ended with about 10 presentations looking at what other companies such as 3M, Intel, IBM, Whole Foods, MolsonCoors, and Nike are doing to green their supply chains. My group chose to focus on Coca-Cola. We conducted an overview of what they have done by looking at four key areas: climate, packaging, community and water and then provided recommendations about what the company could do to green their supply chain even further.

Eliza Roberts Global MBA, 2011

Saturday, February 13, 2010

"GW Alum Clay Jones Talks About Leadership" by Lara Gast

In a GLOBE series event hosted by the GW School of Business, Clay Jones spoke to GW’s Global MBA students about leadership. Clay Jones is the Chairman, President & CEO of Rockwell Collins and a GW School of Business alum. His story was both entertaining and educational, but perhaps what stood out the most were his final words of wisdom for us as future business leaders.

1. Perception is reality.


2. “Everybody is your friend when you have free whiskey.” Translation: Everyone wants to be around people who add value. How can you add value to those around you without being high maintenance?


3. Live by Andy Warhol’s Theory of Success (i.e. everybody will be famous for 15 minutes). Learn to recognize when it’s your 15 minutes, and take advantage of the opportunity.

Mr. Jones emphasized that his successes resulted from a little bit of talent and whole lot of luck. He learned to recognize opportunities to be a leader, and capitalize on those moments to eventually become the CEO of Rockwell Collins, a global leader in aerospace and defense.

Mr. Jones’ leadership tips demonstrated the Principles for Responsible Management Education. Despite the growing awareness for the necessity of climate change mitigation, leaders are increasingly needed to turn ideas into actions. In the words of Clay Jones, the job of a leader is to a) set a vision, b) align the people with that vision, and c) motivate and inspire the people to work towards the vision. Regardless of the industry, the principles of effective leadership remain the same.

Lara Gast, Global MBA 2011