Paper Takes Top Honors at Global Innovation and Knowledge Academy

(Left to right: Saurav Pathak, Emanuel Xavier de Oliveira, and Andre Laplume)

A paper that focuses on entrepreneurs in emerging economies was awarded “best paper” honors at the Second Global Innovation and Knowledge Academy in Spain. Its authors, Saurav Pathak, Andre Laplume and Emanuel Oliveira of the School of Business and Economics, were competing against 80 other papers at the academy, and eight received top honors.

In the paper, Pathak, Laplume and Oliveira argue that regimes that protect intellectual property rights, combined with high levels of foreign investment, negatively affect individuals’ entry into technological entrepreneurship.

“Neo-classical growth theory argues that technological progress is the main engine of economic growth, given that other factors have diminishing returns,” said Pathak. “Our key finding is that emerging economies with higher foreign investment per capita tend to have relatively lower techno-entrepreneurship rates.”

Saurav Pathak is the Rick and Jo Berquist assistant professor of entrepreneurship and innovation, Andre Laplume is an assistant professor of management, and Emanuel Xavier de Oliveira is a senior lecturer of economics.

Written by Dennis Walikainen, senior editor in University Marketing and Communications.

Par-Tee Time Golf Outing: Success!

The third annual Alumni Reunion ‘Par-Tee Time Golf Outing’ was a big hit among the alumni, students, staff, and faculty of Michigan Technological University as well as with local community members. The scramble was hosted by the student volunteers of the MBA Association and the American Marketing Association as well as the staff of the School of Business and Economics.  Ten four-person teams competed for a variety of cash and sponsored prizes in a fun-filled atmosphere on the greens of the Portage Lake Golf Course. The winners of the tournament were Michigan Tech School of Business and Economics faculty members Josh Filzen, Soonkwan Hong, Dean Johnson, and Joel Tuoriniemi.

Held on a beautiful summer afternoon, the event provided participants a great opportunity to network, golf, and enjoy delicious food and beverages provided by the golf course restaurant, Par and Grill. In addition to cash prizes and a 50/50 raffle, local businesses sponsored over  40 prizes for the post-tournament raffle.  Throughout the day, participants also had the opportunity to meet and interact with the School of Business and Economic’s new dean, Gene Klippel.

Thanks to the combined efforts of the School of Business and Economics, the MBAA and AMA student organizations, the support of the Michigan Tech community and the local businesses the event continues to be successful.  Plans for next year are already underway, and participants can look forward to another weekend of fun, friendly competition, and a valuable opportunity to expand their business network.

Study Abroad in Spain? Yes, please!

Kathryn Danielson (left), 4th year Operations and Systems Management major in her Spain apartment during the summer of 2012.

“I wanted to go abroad because I haven’t completed an internship and I’m entering my senior year at Michigan Tech,” said Operations and Systems Management major Kathryn Danielson. “I wanted something that would look good on my resume.”

With an increasingly tough job market, students are encouraged to take advantage of every opportunity offered to gain an edge on the competition. As a business major understanding the global market can set you apart from other applicants when applying for jobs. Danielson did just that by taking courses in Bilbao, Spain during the summer of 2012.

“I took international management and did a field study in Madrid for a week. My class was even smaller than the classes I have had at Tech and they were very hands-on,” she added. “Our professor took us to a lot of businesses in Spain to see how they managed their business and what daily functions they fulfilled. We also attended an entrepreneurship convention in Spain that provided insight on how people may start businesses in Spain.”

Being from the Upper Peninsula, Kathryn admitted that the best part of her trip was meeting the people from a culture different from her own, shopping in the streets, and attending a rave.  See the youtube clip below from the night she saw popular DJ Steve Aoki perform (watch a video of the Bilboa performance!)!

Given the opportunity, she says she would absolutely study abroad again and might try to make one more trip back to Spain to visit friends who are still there, as well as the locals she befriended while studying.

Earn a Global Business Minor

The School of Business has added a new Global Business Minor for students who are interested in traveling the world and earning college credit! It is available to all Michigan Tech students and can be especially beneficial for students considering the Peace Corps or graduate school after graduation.  For more information, please visit Global Business Minor at Michigan Tech.

Par-Tee Time 3rd Annual Golf Outing

The Par-Tee Time Golf Outing will be held on August 4th, 2012

It’s that time of year, get your golf clubs out … it’s time to golf!

The School of Business and Economics, along with the MBA Association (MBAA) and the student chapter of the American Marketing Association (AMA), invite you to join us for this great opportunity to network with the new dean, alumni, students, staff, faculty and community members in a friendly competitive environment. Bring your friends, all are invited!

When:
Saturday, August 4th, 2012
9am registration and practice range
10am shotgun start; scramble format

Where:
Portage Lake Golf Course
46789 US Highway 41
Houghton, MI  49931

Cost:
$70/person (must be paid by August 3rd)
MTU student price – $40
Pay day of – $320/team, $80/person
Price includes golf, lunch, cart and two beverage tickets per person.

Cash prizes will be awarded to the winners in each flight (which means if you’re not a very good golfer, you are still eligible to win in your category). There will also be cash prizes for the three course games,  and a special $10,000 Hole In One Contest!

Our raffle list keeps growing, Michigan Tech departments and over 70 local businesses have donated some really great prizes … hotel jacuzzi suites, ski passes, oil change, wheel alignments, spa gift basket, Aroma Therapy Whirlpool to name a few!

To register, please print the registration form here.

You can find more detailed information, as well as  sponsorship opportunities by clicking on the appropriate links.

For questions, please call Tanya at 487-2668, or email golfouting@mtu.edu.

Michigan Tech MBA Students Cap Program with Trip to India’s Silicon Valley

MBA students Mike Vigrass and Holly Lehto at the pharmaceutical company Micro Labs Ltd. during their residency in Bangalore.

The nine students in Michigan Technological University’s MBA program returned from India with a new appreciation for how the rest of the world does business.

“We chose Bangalore because it’s the Silicon Valley of India,” said Jodie Filpus, who directs recruitment and admissions for the MBA program.

The online MBA program includes three residencies, during which the students leave their far-flung homes to meet in person with each other and their professors. Two residencies are held on the Michigan Tech campus. The third and final residency involves a week of international travel. “We do this so the students will be exposed to different cultures, as well as to introduce them to international businesses,” Filpus said.

It would be hard to imagine a city more different from Houghton than Bangalore. “It’s a very interesting place,” she said. “It’s beautiful in many respects, with its temples and palaces, and it’s so rich in history.” However, the population in the city of over 8 million has grown by over 65 percent in the last 10 years and its infrastructure hasn’t kept up, “so it gave me an appreciation for what we have here.”

Led by Assistant Professor Latha Poonamallee of the School of Business and Economics and accompanied by Filpus, the MBA students visited several different organizations, from a pharmaceutical manufacturer to a nonprofit that provides solar-energy-system financing for poor villages.

“It was my privilege to design and lead this international residency, which was a fitting culmination of a well-designed, innovative MBA program that put the School of Business and Economics on the map among top online MBA programs in the country,” Poonamallee said.

Visiting Bangalore: Mysore Palace During their trip to visit several Bangalore companies, MBA students also had a chance to tour the city. Pictured are Mike Vigrass and Holly Lehto at Mysore Palace.

During the spring semester, the students prepared for their trip by researching each of the companies and identifying a disruptive innovation to discuss with officials and offer potential solutions. Disruptive innovations are marketplace game-changers, such as iPods and cell phones, that upend earlier technologies.

Assistant Professor Andre Laplume taught them how. First they studied the companies’ products and strategies. “Then they proposed a new business for them to get into,” he said. “They described a new product, developed a rationale explaining why it should be adopted, and wrote an essay about it for their final exam.

“By the time they got to Bangalore and faced the company executives, they had something to bring to the table,” Laplume said. Not only was it a good opportunity to see how businesses function overseas, it also gave the students—most of them middle managers—a chance to display their skills before top-level executives.

Before traveling to Bangalore, student Holly Lehto had already put Tech’s MBA curriculum to good use. “Throughout the program I’ve been reaping the benefits,” she said. “A lot of concepts in the case studies are applicable to my day to day work.”

Her final exercise was to study the Bangalore-based market research firm Mu Sigma. “We talked about the possibility of going public, and we also discussed the possibility of capturing data from electrical transmission lines and selling it to clients,” said Lehto, a project manager for Allonhill, a Denver-based firm that provides due diligence and risk management services to the mortgage industry. “It was empowering to have the ear of these global executives, who were truly interested in hearing what we had to say.”

And there were revelations, said Mike Vigrass, manager of a natural gas compressor station with DT Energy-Michigan in Detroit. “I have traveled internationally, but not to India, and I was quite surprised at how much business was conducted in English,” he said. “At one of the site visits, we talked about the fact that India’s wages are going up, so that they are losing a competitive edge, and their answer was compelling. They said they think in English, which gives them an advantage over other emerging markets, where they have to translate the conversation.”

Another eye-opener was the visit with the nonprofit SELCO, which works to provide solar systems to the poor.  “I found that very interesting,” Vigrass said. “Among US corporations, it’s all about market share, getting bigger. For SELCO, it’s about meeting their customers’ expectations.”

Resource-stretched Bangalore has had trouble grappling with its own growth, he noted. “The population has exploded, and it’s hard for them to keep up their infrastructure.”

That culture shock did not take away from the trip, however. If anything, it made it even more worthwhile. “It was a very valuable experience, just to see how people in other parts of the world work and how they think,” Vigrass said.

Lehto agreed. “Both from a business and a cultural perspective, it was such an amazing trip,” she said.

Watch the Tech MBA Online India Residency in pictures

[youtube]http://www.youtube.com/watch?v=8O4earGfxqM[/youtube]

Learn more about the Tech MBA Online.