LU students to participate in MBA competition
In March, Lamar University students will participate in a case study competition celebrating innovation at the intersection of corporate profitability and social, environmental and ethical issues.
The Lamar University College of Business is one of 25 business schools around the world chosen to participate in the Aspen Institute’s 2014 Business and Society International MBA Case Competition. As they compete for recognition and $35,000 in scholarship funds, students will analyze a new case study – co-authored by the Yale School of Management and Tecnològico de Monterrey – and give thought to the potentially positive role that a well-managed business can have in society.
“All too often, we hear about the damage done by the private sector,” said Nancy McGaw, Director of the Aspen Institute’s Center for Business Education. “The fact is there are many innovative leaders in business who are leveraging the tools of business to improve our world. This competition, now in its fifth year, helps students acquire the skills and perspectives these leaders possess. It gives students a chance to practice making the kinds of decisions that drive business success and produce lasting social benefits.”
Over the course of an intense three days, students will tackle a complex, real-life business decision making scenario undertaken by a company in transition based outside of the United States. Separate competitions at each of the 25 partnering schools will determine first place campus winners, whose work will be reviewed by a panel of academic judges to determine five honorable mentions and five finalist teams. Finalists will meet in New York City, where they will make presentations to a panel of corporate judges and social sector thought leaders, as well as attend an invitation-only reception hosted by BNY Mellon. All finalist teams will receive prize money, with the first place team receiving $15,000 and $1,000 to donate to a charity of their choice.
“I am excited about this year’s competition,” said Jeff Dyson, MBA program director. “This is our fourth year to participate. We have awarded $12,000 in prize money to our best student teams. I am always amazed at our students’ ability to tackle and solve complex problems. Their level of enthusiasm, intelligence and social conscience is to behold, and they really shine. It is a great way to learn the steps involved in developing a successful business strategy – one that not only generates profits, but also yields sustainable social benefits.”
Also chosen to participate for the 2014 competition are: Boston University, School of Management; Fordham University, Graduate School of Business; The American University in Cairo, School of Business (Egypt); University of London, London Business School (United Kingdom); University of Notre Dame, Mendoza College of Business; Villanova University, Villanova School of Business.
More information about the 2014 Business and Society International MBA Case Competition may be found at www.AspenCaseCompetition.org.