Tag: Michigan Tech

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.

Students Take Bloomberg Aptitude Test

While most students had already left Houghton in the rearview following five days of finals, 22 School of Business and Economics students gathered for yet one more exam. The Bloomberg Aptitude Test (BAT) was developed in collaboration with financial professionals, recruiters, and academics to uncover knowledge and skills relevant for a financial career.

“Bloomberg already provided students with Bloomberg Certification in the use of the Bloomberg terminal.  Now Bloomberg has strengthed its commitment to students achievement through the BAT,” said James and Dolores Trethewey APMP Professor Dean Johnson. “The BAT allows Bloomberg to bring prospective employers together with skilled investment students.”

Over thirty five thousand people around the world have completed this proctored exam, specifically designed for people who are interested in working with investments. The 165-question exam covers topics ranging from financial statement analysis to portfolio management, ethics, and logic in a three-hour period.

Brent Halonen, a 2011-2012 member of the Applied Portfolio Management Program achieved a notable accomplishment by placing among the top 525 (1.5%) test takers. “The BAT is was a good opportunity to show the world what we learned in school in a unbiased environment,” said Brent. “I think my results reflect the strength of APMP and the educational opportunity that it represents.”

Congratulations to Brent and the rest of the test takers.

Duo Takes on Resources Policy

With a prestigious new coeditorship, two professors in the School of Business and  Economics will have the opportunity to impact the analysis and public understanding of resources and mineral economics policies around the world.

Gary Campbell and Mark Roberts have been named coeditors of Resources Policy, The International Journal of Minerals Policy and Economics. Established in 1974, the journal is published by Elsevier and is aimed at economists and decision makers in academia, government, and industry. Campbell and Roberts, who are currently acting as associate editors, will take over the position in January 2012 from Philip Maxwell, professor emeritus in mineral economics in the Western Australian School of Mines at Curtin University.

“We are proud to be a part of a strong editorial tradition,” said Campbell. “We’ve been working together for more than twenty-five years, and, as coeditors, we will be able to exchange ideas and dedicate our combined energies to continue Resources Policy’s contributions to the field.”

The coeditorship is an honor that recognizes Campbell and Roberts’ service to the profession and their expertise in minerals policy and economics. Campbell, whose research focuses on metal markets and the urbanization and sustainability of mining, helped establish and now coordinates the master’s program in applied natural resource economics at Michigan Tech and the associated Peace Corps Master’s International program. He is also an adjunct professor with the Department of Geological and Mining Engineering and Sciences. Roberts, who is also involved in the Master’s International program, analyzes cycles of metal, energy, and commodity prices and studies the environmental issues and impacts of mining. Both maintain full teaching schedules.

Campbell and Roberts have a long history with Resources Policy as regular contributors and reviewers. Roberts was a member of the editorial board for twenty years. As coeditors, Campbell and Roberts will solicit papers, assign reviewers, communicate with authors, and send papers through the editorial system.

The greatest challenge of the position, said Roberts, will be finding qualified reviewers for each piece. “One of the benefits of working together will be the chance to pool our contacts to find reviewers who have expertise in the topic of each article,” he said.

“We are honored to accept the position,” said Roberts, “and we look forward to the challenge.”

Campbell and Roberts’ first coedited issue of Resources Policy will be published in March 2012.

And the Survey Says . . . Or Does It?

MBA student, Tao Guo

As part of our modern culture, people are inundated with questions regarding their personal opinions and experiences. College students, in particular, often experience the brunt of these inquiries. During their college careers, students may fill out countless surveys regarding their personal interests, classes, professors, and even some for their educational institution.

What if the information collected during these surveys isn’t always reliable? Should college students be surveyed in the same manner as non-students?

As a Michigan Tech MBA student, Tao Guo asked these questions while working as a research assistant. This inquiry led to a research project and a refereed paper presentation at the 2010 Marketing Management Association Fall Educators’ Conference in Indianapolis.

The paper, “The Effect of Rating Scales on Systematic Differences Between Students and Nonstudents in Survey Research,” was written with help from Junhong Min, assistant professor of marketing, and the late Bob Mark, professor of practice.

“Tao came to me with a question about using surveys in consumer research that kept leading to more questions. His enthusiasm and dedication to this project led to the honor of presenting at the conference. We’re very pleased with his work,” notes Min.

Guo’s initial research found two divergent views exist about the usefulness of college students as subjects. One stream of research questions the use of student samples, while the other shows no difference between student samples and nonstudent samples. Guo tried to fill this gap by examining when the differences between student samples and nonstudent samples occur.

Tackling a common practice found in consumer research studies that survey college students, Guo took a closer look at the use of scales. When examining data from student assessment surveys, he found that either a five-point scale or a seven-point scale was typically used. Both of these scales are employed to measure how strongly the subject agrees with a survey statement. His results empirically illustrate how the five-point scale is more effective at capturing the differences between student and nonstudent samples. In addition, Guo discovered that behavior-related questions (e.g., frequency, the number of purchases) are more sensitive to differences between students and nonstudents than attitude questions (e.g., willingness to purchase, perceived importance).

“The research suggests to the practitioners that they should interpret their results with caution when student samples are involved,” says Guo.

Guo researched the subject for five months. The opportunity to present his paper was a notable achievement for a student, since most presenters at the conference were professional business educators from universities across the nation.

“The professor hosting my section was very excited about my findings and gave me a lot of suggestions for further research,” he said. “I learned a lot by listening to others’ presentations and established several new connections with MBA students and faculty from other universities.”

Guo is from Zhoukou, a small town in Henan Province in central China. He attended Northeastern University in Shenyang, China, where he majored in English and minored in finance. Before coming to the US, he worked for four years at Northeastern University, including a position as deputy director of the Engineer Training Center.

“I came to realize the value of higher education and overseas experience after I interacted with several very successful scholars and corporate executives,” says Guo. “That’s why I made up my mind to switch my career and pursue an MBA degree in America.”

Support from faculty was important to Guo. “I have really appreciated the broad range and depth of interests of the faculty in the School of Business and Economics. Other than professors Min and Mark, I also worked on an independent study with Assistant Professor Maria Schutte. Every time you feel like you have a question or you want to learn something, you can always find the right professor. And they are all willing to help.”

Because of Guo’s research and his successful student career at Tech, he has been accepted into the PhD program in Personal Financial Planning at Texas Tech University. “I am very grateful to Michigan Tech for the opportunity to do research as an MBA student and for my educational experience in general. It was an overall great learning experience and will be very beneficial to me in my future endeavors.”

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

Student Perspective: Career Fair

Travis White, former Michigan Tech student, reading over the resume of a potential new hire!

Campus was buzzing last week with over 170 companies seeking employees and interns.  Hear what a few students had to say and view the photos on facebook!

Jacquie Cowling

President of the American Marketing Association

“It was neat to see at the student organization fair the roles of the potential employers and students roles reversed. They were coming to us and introducing themselves to see what are organizations did on campus. It was really cool to see that different type of interaction in preparation for the career fair the next day.”

Ben Christensen

CCI Team/Ops Squad, ITOxygen Enterprise and Vice President, Association of Information Technology Professionals

“The Student Org Information Fair was extremely helpful to both organizations that I am involved in. AITP was able to talk about the different guest speakers we have each week and the other resources we provide to our members that gives them an extra edge in the Information Technology field.

ITOxygen was able to do the same, and also make some important connections for itself for business in the future.

When we asked members about their experience during the career fair, they said that they had multiple recruiters make a comment about the organization that never had mentioned it when they saw it before.”