Michigan Tech College of Business Newsblog

Tag: School of Business and Economics

MTU’s DECA Soared at State Conference

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SGroup DECA 2016tudents from Michigan Tech’s chapter of Distributive Educational Clubs of America (DECA) attended the State Career Development Conference over spring break. The competition has three different types     of events which include case studies, business simulations, and prepared events. The students are given thirty minutes to an hour to prepare the event depending on the type, and then present their findings to judges who grade them based on specific performance indicators. For the business simulations and case studies, no outside materials are allowed. The competition is designed to take the knowledge students learn inside the classroom and apply it to real world problems. The judges are professionals from that specific area meaning that the judge typically works for a firm within that industry and/or holds certifications which makes them competent to judge the event. This year, eleven members from Michigan Tech attended the conference, and nine qualified for the International Career Development Conference. Ken Arndt placed third in the corporate finance event, and Cassandra Barry (pictured below) placed first in the accounting event. In Michigan Tech’s chapter of DECA, placing first in any event had only occurred three times, once when the chapter was established, and twice in 2013.

 

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Two Michigan Tech Teams Win New Venture Competition

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Two student teams from Michigan Tech each brought home $10,000 or more in venture funding from the New Venture Competition at Central Michigan University last weekend.

Superior Filament, led by Cedric Kennedy, Aubrey Woern and Jos Krugh, brought home a $10,000 Best Technology Award, as well as another $1,000 for Best Pitch and the $250 Audience Choice Award.

The student-run company is developing filment for 3-D printers from recycled plastics to support growth in the 3-D printing industry while reducing environmental impact.

We Inspire, led by Arick Davis, won the $10,00 Korson Family Highest Growth Potential Award. We Inspire is developing an online system and community to help students make informed career choices by connecting them with profiles and feedback from practicing professionals.

Two other Michigan Tech teams participated in the annual entrepreneurial competition. TRU is developing a big data solution with proprietary algorithms to help performance athletes optimize performance through informed nutritional and dietary supplement choices.

Huskies 4 Hire is connecting students looking for short-term employment opportunities with community members seeking temporary employees.

The Pavlis Honors College helped sponsor the event financially.  The student teams received support from Michigan Tech’s Innovation Center for Entrepreneurship, the School of Business and Economics and the MTEC SMartZone..

Story written by Jenn Donovan in Tech Today – Tuesday, April 12 2016

To read more, check out senior electrical engineering major, Arick Davis’ LinkedIn post.

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Brown Bag Lunch Seminar

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The School of Business and Economics will have its third brown bag lunch research seminar from noon to 1 p.m. on April 21, in Academic Office Building (AOB) 101.  Associate Professor of Accounting Robert Hutchinson will present his latest research.  All interested members of the MTU community are invited.

Title: Intangible Resource Value and Tobin’s Q: Evidence from the Super Bowl.

Abstract:

The emergent resource-based view of competitive strategy is that companies survive in the long-run by developing unique capabilities that are firm-specific and difficult to duplicate. Brand equity represents one of the most valuable, unique, and potentially long-lasting of these resources, and the need for developing accounting measures that allow for the efficient management of such resources is increasingly recognized. This study uses a unique data set to empirically examine the impact of one of the most exclusive and coveted forms marketing activities, Super Bowl advertising, on long-term brand equity via the q ratio. This paper attempts to bridge the gap between the management accounting and marketing management literatures by providing a practical application of the q ratio and a resource-based perspective on the reporting of intangible assets.

 

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Operations and Supply Chain Management Students Visit Peterlin Distributing Co.

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Students in Roger Woods’ OSM 3000 course have had the opportunity to tour Northern Hardwoods and Calumet Electronics to take their education outside the classroom.  On Thursday, April 7 students met up at Peterlin Distributing Company in Calumet, Michigan to tour their wholesale warehouse.  Vice President, Mark Almquist provided a behind the scenes look of the largest beer and wine distributor in the Upper Peninsula.  Peterlin is one of 34 distributors in the nation to carry both Miller and Anheuser-Bush products, and has proudly been the main supplier to seven counties in the Upper Peninsula since 1939.

During the tour students learned about the stocking and shipping processes, how the stock is protected, how the facility meets heating and cooling standards and they even had the chance to sample a new product.

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APMP Travels to NYC

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Four students from the Applied Portfolio Management Program traveled to New York City for the Quinnipiac Global Asset Management Education Forum.  This two and a half day experience provided students and faculty from 47 states and 36 countries the opportunity to interact with industry leaders while learning the best practices in investment management. Zachary Bedell, Matthew Mateer, Kendra Rasner and Dallas Bond traveled by car from Houghton Michigan to attend this forum.

The forum included key note presentations, interactive sessions, and networking opportunities.  Kendra Rasner even had the opportunity to close the Nasdaq alongside other students attending the forum.

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Senior Dallas Bond shares his perspective on the experience:

We left Monday March 28th at 2:00 pm, it was the usual trip except we were headed to the big apple. We reminisced in the car and joked around like most college students would. First we had to get through Pure Michigan which takes forever in itself and then we crossed into Ohio and drove the turnpike all the way to Pennsylvania and through Pennsylvania to New Jersey onward to New York.  We had many stops throughout for the usual bathroom break and food. Once we arrived into New Jersey and into New York everything seems so crazy. You’re sitting in bumper to bumper traffic and everything is almost so overwhelming. It can be a bit frustrating but it is a really good learning experience. While in New Jersey and New York once we got settled at the Hotel we used public transportation which took us the first day to get the swing of things but by the end of the week we had it pretty down pat. While in New York we got to see the Statue of Liberty, the NYSE, the Nasdaq, Times Square, Central Park, the Brooklyn Bridge, the World Trade Center, the Empire State Building and just the crazy city that is packed with 8 million people all trying to do their daily routines. Traveling and experiencing a city so big can be tiring and stressful but it also teaches to many different things. It takes you out of your comfort zone and no matter where you travel you always learn something new. You learn more by traveling and doing then by staying exactly where you are. I think we all enjoyed New York but we were also at the end just happy to get back to our lives and be home here at Michigan Tech. Always take the opportunity to journey into a foreign land as it will teach you many lessons you may have not learned otherwise.

 

 

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