With an unconventional approach to attract attention, using a MoneyMachine to spark people’s interest, Duquesne’s UptoUs competition team held an awareness event at the Union that featured a Money Machine, free food, and prizes! The UptoUs team, which is made up of members from the MBA Sustainability cohort, informed the campus about the over $19 trillion debt the country has right now and brought a ton of attention to the issue. Check out all the photos and reasons why Duquesne students care about our national debt! Also, make sure to come to our other events, including a Trivia Night, during this month which will have even more prizes and fun!
Our visit to FOM in Cologne perfectly coincided with our topics of study so far in the program. We were honored to have Malgorzate Zmuda of the Krakow University of Economics present her thesis about competition at a macro level and whether or not countries compete similarly to multinational companies on a global scale. This of course sparked lively conversation and debate, making us pause to reconsider what competitiveness means and if it even makes sense in economic theory. One of the questions she posed for us that I’m still pondering is, if there are no winners and losers in trade (comparative advantage for you econ nerds like me), then why compete? Next, Professor Dr. Linda O’Riordan captured our interest with a presentation about research being conducted by the Competence Center for Corporate Social Responsibility at FOM. Many of the concepts were very similar to what we’re learning in the program; in order to move beyond a one-dimension value-creation process, businesses must create new models. When profit is the driver for businesses, external costs are not accounted for. Instead, connecting values with value, specifically shared value, will increase employee motivation, productivity, and innovation. With this model, profit is the result, not the driver. Lastly, Professor Dr. Piotr Zmuda presented us with a useful framework for implementing CSR programs in companies.
Today we had the opportunity to meet with sustainability leaders and ambassadors at the European Central Bank. This visit allowed us to not only relate our sustainability knowledge, but also economics since we just finished up discussing central banking systems. Our cohort had the ability to exchange ideas regarding sustainable business solutions and initiatives. The bank specifically found interest in game theory to change behavior. To gather a quick understanding of the ECB and Eurosystem here is a quick video!
While it may not feel like spring with the recent sub-zero temperatures, our cohort is back to the bluff to begin the spring semester. We have a full course load with finance, economics, marketing, organizational behavior, sustainability tools, an elective of our choice and a consulting project course.
In this semester’s consulting project course our cohort has been broken up into seven teams to consult for four multinational corporations that are leaders in their industry. Two teams have been assigned to General Electric (GE), two teams to Alcoa, two teams to Braskem, and one to PPG Industries. The student teams will be meeting with clients over the next few weeks for kick-off meetings to guide the projects throughout the semester.
Now if we could only bring on the spring weather!