Author: Lynn Makela

Savvy Entrepreneur hosts, “Inside The Mind Of An Angel Investor”

Savvy Entrepreneur series to take place on Tues, Feb 21.

This month’s topic is one of the most popular.  “Inside The Mind Of An Angel Investor”.  For most entrepreneurs, raising seed and early stage capital is arguably one of the most challenging steps of starting a company. This financing stage is usually too early for most professional Venture Capital firms.   After you’ve put in most of your own money and that of some close friends and family, it is probably time to seek out some Angel investors.

Agenda

Tuesday, February 21
Networking social with refreshments 5:30 PM
Panel discussion 6:00 PM to 7:45 PM

Michigan Technological University
ATDC Conference Room

Leading investors and entrepreneurs will  be on this great panel to answer your questions. Bring your  questions and thorniest challenges to this program to advance your technology entrepreneurship skill set.

If learning more about this topic is important to you then please join us at the MIT Enterprise Forum on Tuesday.  For more information contact John Diebel 487-1082 or jfdiebel@mtu.edu

Locally hosted by Michigan Tech’s Office of Innovation & Industry Engagement, the School of Business and Economics and the Keweenaw Economic Development Alliance.  The public is welcome to attend at no cost.

Alum Randy Isaacson Visits Michigan Tech

Randy Isaacson ('86) on campus as part of the Scott Pattullo Visiting Executive Speaker Series.

Randy Isaacson (’86) will be on campus March 1st and 2nd as part of the Scott Pattullo Visiting Executive Speaker Series. Join our School in welcoming Randy at one of these opportunities:

 

  • Thursday, March 1, 2 – 4pm: Student Networking Opportunity
    MUB Alumni Lounge A
    Free forum with students in enterprise, entrepreneurship, business, and engineering.
  • Thursday, March 1, 6 – 7:30pm: Campus Presentation
    MUB Ballroom A
    Presenting on The Biology of Business.
  • Friday, March 2, 1:30 – 3:30pm: Student and Faculty Discussion
    Academic Office Building 101
    Meet with faculty and students of the School of Business and Economics.

Biography

Randall E. Isaacson graduated from Michigan Technological University in 1986 with a BS in Biological Sciences and an MS in Rhetoric and Technical Communication in 1988. His master’s thesis studied language patterns in small group communication during simulated scientific problem solving.

He began his career as a medical copywriter at Roche Pharmaceuticals in New Jersey, and later joined VICOM/FCB, a medical advertising agency in New York. After moving to Chicago in 1990, Randy worked as a copy supervisor at Frank J. Corbett, before joining a new agency, Williams‐Labadie, in 1992. Since then, Randy has risen through the ranks as copy supervisor and creative director, and is now executive vice president at Williams‐ Labadie.

Randy and his team have won numerous awards in healthcare advertising, including recognition from Medical Marketing and Media for creating the best pharmaceutical advertisement in 2003 and the best professional digital campaign in 2007. His multidisciplinary background in biology and technical communication was excellent preparation for a very successful career in healthcare marketing and advertising.

He has maintained an ongoing relationship with Michigan Tech by providing strategic marketing guidance for the School of Business and Economics and the University, and financial support for Rhetoric and Technical Communication graduate students. He has also taught classes in the School, and hosted students for a half‐day seminar on healthcare advertising at his office in Chicago. He has developed a reputation in the industry for his ability to transform complex scientific concepts into simple, compelling marketing campaigns.

Poster for Campus Presentation (feel free to distribute).

More Accolades for the Tech MBA Online

The School of Business and Economics has another reason to cheer: SuperScholar, an online education and career information website, has named the Tech MBA Online among the top 25 in the nation, coming in at number 20.

Recently, Tech’s MBA Online was noted in first-ever online rankings by US News and World Report.   Out of 161 online programs the Tech MBA Online was 24th in Admission Selectivity, 38th in Teaching Practices, and 82nd in Student Services and Technology.

Now SuperScholar is recognizing Tech MBA Online.   Their website singles out Tech’s program “for its emphasis on innovation, technology and entrepreneurship”–all prominent features of Tech’s online MBA program, which, like the School itself, is accredited by the Association to Advance Collegiate Schools of Business (AACSB).

School of Business and Economics Dean Darrell Radson said, “Our Tech MBA Online has once again been recognized as a top MBA program internationally. It also confirms that we are aligned with the changing trends in our global economy by offering a flexible, online learning environment focused on innovation and technology management with an international business perspective.”

The SuperScholar editors say they designed their “Smart Choice” ranking of online MBA programs to help fill a void of quality rankings and reviews of online degree programs, as well as provide prospective students with help in finding the best degree program for them.

After researching all online MBA programs accredited by AACSB or by regional accrediting agencies, SuperScholar ranked the top 25 schools based on quality, marketability and affordability–as determined by market reputation, admissions selectivity, accreditation and cost.

AACSB accreditation is considered the highest standard of achievement for business schools worldwide. Being AACSB-accredited means a business school is able to continuously pass a set of strict standards that are designed to ensure quality. The School of Business and Economics successfully completed reaccreditation requirements in spring 2011.

THE Project Competition: Two School of Business and Economics Teams

When people hear the word “manager”, they think of a supervisor or someone in charge of making a schedule. Images of Bill Lumburgh from Office Space talking about memos and TPS reports come to mind.

However, in recent years, Project Management has grown into an important profession and Michigan has begun to take notice. Spectrum Health, Steelcase, Amway, the Grand Rapids Business Journal and other local businesses have partnered with the Western Michigan chapter of The Project Management Institute (WMPMI) to host an intercollegiate project management competition simply known as THE Project 2012.

Eight teams from six colleges and universities compete for $10,000 in cash prizes and paid internships at major corporations in West Michigan. Dana M. Johnson, Professor of Operations and Supply Chain Management and Michigan Tech Champion, formed two team of four students each from the School of Business and Economics, Michigan Tech for the competition.

”This is a great opportunity for our students to apply what they learned in the project management course to a real-life situation. At the competition, students will not only be able to network with other teams, but gain valuable exposure to companies who are seeking to hire graduates through a reverse career fair.”

The student teams, along with their school, business, and PMP mentors, must create a project management plan for a business seeking B Corporation certification. B Corps permits and protects businesses in making social and environmental decisions. Instead of being accountable only to shareholders, B Corps businesses must also consider their impact on employees, their community, and the environment.

“B Corps certification allows a business to have a triple bottom line focus of profit, people and the environment,” Kelly Talsma, PMP, Vice President of Education at WMPMI, said.

The Project Management Institute recently released a study stating there were 90,000 job openings in the United States where businesses required or preferred PMP certification. Many colleges and universities have recognized this trend and have responded with several courses and degrees with a focus in Project Management.

THE Project 2012 wants to give students real-life business experience rather than a mere academic exercise. The winning team will have an opportunity to make their presentation in front of 500 business and academic leaders as well as members of WMPMI.

For more information on project management or WMPMI, go to www.wmpmi.org. To learn more about B Corporations, visit www.bcorporation.net.

Class of 2011 Rocks Deloitte

Danielle Linna (left) and Theresa Laubrick secured jobs with Deloitte LLP before their spring 2011 graduation.

In a time when graduates are struggling to find jobs, two recent School of Business and Economics alumni have secured positions at the world’s largest accounting company, Deloitte LLP. Danielle Linna and Theresa Laubrick, who graduated this spring, earned Bachelor of Science degrees in Accounting, double majored in finance, and graduated summa cum laude. While some time off from their impressive academic accomplishments would be expected, instead they studied for the Certified Public Accountant (CPA) exam and started positions with the company in fall 2011.

Danielle Linna: Passion for Accounting

Danielle Linna found her passion for accounting in high school. “I took an accounting class my junior year and fell in love with it. Since then, I’ve known it’s what I want to do with my life.”

As a student, Linna was heavily involved in organizations across campus. She furthered her business experience in organizations such as the International Business Ventures enterprise and the accounting club Kappa Sigma Iota, and she also completed the Applied Portfolio Management Program (APMP). As a member of the Delta Zeta sorority, the First Year Experience, and the Michigan Tech Dance Team, Linna rounded out her education and built connections across campus.

Linna believes that her wide range of experience and work with engineers and technology students gave her a competitive advantage over other applicants for her position. “Working with people from different backgrounds allowed me to develop a flexible communication skill set, which will be helpful when dealing with clients.”

This fall, Linna started her position as a staff auditor in Deloitte’s Accounting and Auditing Group in Milwaukee. With a minor in German and an interest in international
accounting, she hopes to participate in a program at Deloitte that will allow her to work for two years at one of the company’s international branches. “I want to make
an impact on national and international accounting standards and financial procedures,” she said.

Theresa Laubrick: Hard Work Pays Off

With a double major in accounting and finance and a minor in music and the Enterprise program, Theresa Laubrick shouldered an undergraduate course load that would make a less motivated student collapse. Far from being overwhelmed, she added on as many extracurricular activities as possible. “Students can use the experience they gain from campus involvement and apply it to their futures and careers,” she said.

During her years at Michigan Tech, Laubrick was a member of Kappa Sigma Iota, participated in Concordia Student Ministries, and served as the CFO for the Aerospace Enterprise. She also worked as a writing coach and teaching assistant in the Michigan Tech Multiliteracies Center, citing the experience as an important factor in her personal and professional development.

In her position with Deloitte, Laubrick blends her love of working with people and her technical interests. At the company’s Detroit branch, she works in the Tax Department’s Research and Development Credit Group, where she is responsible for data analysis, write-ups, and generating the tax credit for clients with large R&D
programs, including engineering firms.

In the coming years, Laubrick hopes to shape her career according to words of wisdom from Stephen W. Gilman, the founder of the business honor society Beta Gamma Sigma: “Success is not to be measured by income but by influence, not by power but by personality, not by capital but by character.”

Hats off to Danielle and Theresa for passing the CPA in summer and fall of 2011.

This article was originally published in Impact, the Michigan Tech School of Business and Economics magazine, and was written by Erin Kauppila.