Dean's Update February 2013
Students take business consulting skills to Guatemala and India
By Lexi Lozinak, Comm ’13
While many students take their winter break to relax and decompress from a long semester, several Marquette Business students this January had a different idea: take the knowledge they’ve learned in the classroom to teach struggling enterprises abroad basic business skills that are often taken for granted in the United States.
Since January 2009, the Applied Global Business Learning program has taken dozens of students to countries across the world, providing a learning experience that can’t be captured on campus. Through AGBL, they were introduced to the complexities of international business and development.
This year, nine students traveled to Guatemala; eight went to India.
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Marquette Business’ Kohler Center for Entrepreneurship announced it is accepting applications for ImpactNext, the center’s new business model challenge. The new venture contest replaces the Marquette Business Plan Competition, which the Kohler Center sponsored for 10 years.
“We’re excited to take this new direction,” said John Peterson, instructor of entrepreneurship who is coordinating ImpactNext. “While there are plenty of great business plan competitions regionally and state wide…we are choosing to focus on the development of business models and – more specifically – the customer discovery and validation of those models. We believe that this approach better represents how successful businesses are being created today.”
Five Marquette Business MBA students defeated teams from the University of Wisconsin, University of Wisconsin-Milwaukee and UW-Whitewater to win the fifth Wisconsin Association for Corporate Growth Cup. The ACG Cup is a case study competition where MBA students analyze and present on a hypothetical investment acquisition. This is the third year Marquette has won the competition.
Abdur Chowdhury, chair and professor of economics, commented on how the nation exceeded jobs estimates in 2012. He believes "...if the current trend continues, we expect the U.S. economy to create roughly 2 million jobs by the end of 2013."
Abdur Chowdhury, chair and professor of economics, discussed the economic contraction in the fourth quarter, which was -0.1 percent. Chowdhury says it is "not as bad as it sounds," and despite the fact that there are negatives, there are many positive signs of growth in the labor market.
Linda Salchenberger, associate provost for academic planning and budgeting and former Keyes Dean of Business Administration, who co-chaired a study released in October by Competitive Wisconsin Inc. and ManpowerGroup, commented on Gov. Scott Walker's $96 million budget proposal, which includes specific funding initiatives for the skills gap. She says she's pleased that the skills gap issue is now "front and center" for the governor and the legislature.
The Sheboygan (Wis.) County Economic Development Corporation at its 2012 Annual Meeting this month named 1951 Marquette Business alumnus Dan Merkel its “Sheboygan County Economic Driver of the Year.” Merkel is founder and chairman of American Orthodontics, the world's largest privately held manufacturer of orthodontic appliances. Randy Benz, vice chairman and CEO of American Orthodontics, who is a 1984 Marquette Business graduate, accepted the award on Merkel’s behalf from Wisconsin Lt. Gov. Rebecca Kleefisch.
Jonathan Sohn, a 1995 accounting alumnus and senior vice president and chief financial officer for Wheaton Franciscan Healthcare, was named CFO of the Year by the Business Journal of Milwaukee. In its fifth year recognizing southeast Wisconsin’s accomplished CFOs, the Business Journal honored Sohn in the Large Private Companies ($250 million+) category.
Linda Edelstein, a 2011 executive MBA alumna, has been named executive director of the Milwaukee Youth Symphony Orchestra, the largest youth orchestra in the United States. She leaves her role as the chief operating officer for the United Performing Arts Fund.