As fifteen of our current MBA students travel to Bangalore, India to participate in an International Integrative Management Exercise, we’d like to share some thoughts from Daniel McCombe, BCOM ’10 and MGB ’11, who lives and works in the region. He talked about his life in Bangalore with Business Class magazine last spring.
Each year the Tim Price Award recipient is selected on the basis of demonstrated entrepreneurial expertise and acuity throughout the entrepreneurship classes, feedback from the industry panel on the business plan presentations, and feasibility and innovativeness of the business plan as determined by Gustavson Entrepreneurship specialization faculty members. This award is worth $6,000. The Entrepreneurship faculty (Brock Smith, Mia Maki, Brent Mainprize and Graham Brown) have nominated a student from the 2014 graduating MBA students (consisting of the MBA 2011 Evening cohort and the 2012 Day cohort). It is a pleasure to announce that the recipient of this year’s Tim Price Award is Mayank Chauhan (2011 Evening Cohort).
In April, our MBA students will embark on their International Integrative Management Exercise (IIME). This year, 15 students, along with professors Wade Danis and Sudhir Nair, will head to Bangalore and Hyderabad, India. A second group of 23 students will travel to Beijing and Shanghai, China, accompanied by professors Yan Shen and Chris Graham. The management exercise requires students to research, analyze and solve a business problem. This may entail researching foreign market opportunities, evaluating foreign partners or mapping global supply chains. Students attend client-focused meetings, often with several different companies, to research their business problem. Their remaining time is spent working on their client recommendations and presentations, as well as sightseeing.
Each year the MBA Specializations (Entrepreneurship, International Business, and Service Management) select the one student from each specialization who reflects the best overall student performance. The Specialization Awards are funded by the David Ritchie endowment and are valued at $1,500 each. For the Fall 2013 Specializations, the following students were nominated by their respective specialization faculty. The specialization faculty also provided a paragraph that explained why they felt the student was best suited for the award.
2013 VIATeC’s Emerging Technology Company of the Year Award recipients, Tutela Technologies, is looking to improve cell reception for Canadians. Tutela supplies cellphone service providers with proprietary software that monitors cellphone reception for its customers. When a poor service experience occurs, the software alerts the company of their lacklustre performance so they can address the issue, finding a solution to the problem immediately. As a result, poor reception issues can be fixed before customer complaints ensue. Tutela’s product also aggregates the alerts it generates, compiling this data to build maps showing the most problematic areas in the service provider’s region.
Nothing is set in stone when it comes to business, particularly not in Victoria’s highly competitive food services industry. But when Bon Macaron Patisserie Ltd. opened its doors in December 2012, Yann Fougere, owner/operator and BCom ’08 alumnus, was confident he was about to offer his adopted city something special.
UVic’s Alumni Magazine, Torch, recently sat down with Dr. A.R. (Elango) Elangovan to discuss his research on career callings. Elangovan, named both a 3M National Teaching Fellow and UVic Distinguished Professor, spoke with Brad Buie about his findings: Fifty-two times a year a chorus trumpets “Thank God it’s Friday!” in coffee-rooms, cubicles and office corridors everywhere. It’s as though we have swum all week through inhospitable, dreary waters to get to the tropical desert island of the weekend. Considering that our work life can occupy the greatest portion of our waking hours, how we feel about it inevitably colours the meaning we assign to our lives. How then do we find the kind of work that makes us mad for Mondays?
It was Team 48 that was the big winner in the recent finals of the RBC Case Competition. This case competition is unique in Canada in that it is mandatory for all third-year commerce students. In each round of the competition, which starts in January, student teams have just three hours to analyze, prepare and present their recommendations for the case they’ve been given. The winning team members each receive a cash prize of $200, courtesy of RBC Royal Bank.
Lianna Spence, James Russell, Barb Duncan and Christina Wong presented Sheila Wells, Principal of Roosevelt Park Community School in Prince Rupert, with a cheque for $2,400 for the school’s breakfast program last month at the wrap up of the North West Aboriginal Certificate in Entrepreneurship (NW-ACE) program. The funds were collected through the 3C Challenge, which had students split into groups and given $1,000, which they had to create a business concept. Spence, Russell, Duncan and Wong created a calendar, approaching businesses to buy advertisements. The project raised a total of $2,900, with the group donating the remaining $500 to the Friendship House to help with its Christmas program for underprivileged aboriginal children. Wells said the money was enough to keep the breakfast program running for the rest of the school year, and part of the next year. (Martina Perry/Northern Connector).
As local and global economies grow and change, the relationships between communities and companies in extractive industries also evolve. Residents, neighbouring individuals and communities, governments at all levels, international agencies, and nongovernmental organizations play increasing roles in whether and how communities work with extractive companies. The issues they face are large and complex, and the Centre for Social and Sustainable Innovation (CSSI) and the Gustavson School of Business wanted to help examine current concerns as well as possible future steps.
Our Sharing Information on Progress report to the United Nations Global Compact Principles for Responsible Management Education showcases all things Gustavson: sharing, caring, acting, impacting.
Our 11th annual Distinguished Entrepreneur of the Year Gala will be held on Wednesday June 4th. We are very pleased to be honouring Dennis R. Washington, founder of The Washington Companies. For information on the gala, sponsorship and tickets please see: DEYA.
Our Centre for Social and Sustainable Innovation’s Low-Carbon Culture Helplist has tonnes of tips for cutting the carbon in your life and a handy checklist of items to make it easy to see where and how you can make a difference to your wallet, your community, and your planet.
The 11th Annual RBC Internal Case Competition is headed into the final round on Friday, March 21, 2014. For the past three months, all third year BCOM students have participated in the annual event. Fourteen teams from each of the four cohorts have been whittled down over the weeks of competition until four finalist teams were chosen to compete for the winning title.
UVic’s final Plan-it! business plan competition ended with an exciting day of presentations, Friday February 28, 2014. Students from mechanical engineering, business, social science and computer science presented ventures including Vacation Rentals Management, a new vacation rental property management business by Selina Meghji-Kuoni; Medical Solutions an online wait time software app by Austin Singhera and Pavitar Sidhu; Aota, a 2 in 1 professional leather laptop/backpack bag from Jesse Teron; and CNO, a platform to reduce marketing and fundraising expenses for non-profit organizations by Andrew Lee. Judges Hilary Smith, Martyn Ward, Jenifer Chilcott, Jill Doucette, Richard Tuck, Susannah Feeney and Peter Elkins listened carefully to the presentations, asked the competitors tough questions about their venture ideas, and after much discussion settled on the following prize winners: 1st prize - $5,000 Darrin Mah and Michael Wilson, Nightshade: a hard coat for nails that detects rohypnol and GHB by changing colors in the presence of the substances. 2nd prize – $2,000 Calvin Parker and Billiam Liu, Helium: what happens when your contact information changes? There must be a better way… 3rd prize - $1,000 Zachary Mazo, Fresh Gear: a product that is inserted into a hockey bag that dries hockey gear in a quick and odourless fashion.
Recent Gustavson research shows that outgoing female executives get fewer severance dollars than men, especially when women negotiate their “handshakes” themselves. Dr. Ken Thornicroft, professor of business law and employment relations at Gustavson, came to this conclusion after analyzing 11 years of provincial and territorial appeal-court decisions on severance payouts, as well as a student negotiation exercise. The outcomes of the court cases clearly showed that gender was a significant factor in the size of senior executives’ severance payouts.
With the recent information in the news about declining job growth and the conflicting problem of job vacancies going unfilled due to the lack of skilled workers to fill them, the Taking Action for Canada: Jobs and Skills for the 21st Century Report released in January, by the Canadian Council of Chief Executives (CCCE), offers promising news for Gustavson graduates. This report, the result of a survey of some of Canada’s largest employers, highlights a number of hiring predictions by these employers including an anticipated need to fill between 700,000 and 800,000 positions in Canada over the next 5 years. The opportunities highlighted will cut across all sectors with financial services, insurance, telecommunications, energy, mining, construction, transport and retail being specifically noted. Great news for current coop students and alumni working in financial services roles, the Calgary energy marketplace and supply chain related positions.
On February 5, 2014, as part of UVic’s Alumni Week festivities, we will be honouring MBA alumna Marilyn Copes. Marilyn graduated from the Gustavson School of Business with her Master of Business Administration in 1999. She is an Executive Director at Island Health where has dedicated her career to the planning and delivery of health care services, and to leadership through mentorship.
How do you teach tomorrow’s business leaders how to think beyond the bottom line? In 2009, the Gustavson School of Business signed on to the United Nations’ six Principles for Responsible Management Education (PRME), an initiative to inspire and champion responsible management education, research and thought leadership globally. At this year’s IdeaFest, Jonas Haertle from the PRME Secretariat in New York and Heather Ranson from Gustavson School of Business will discuss how students at UVic are proving that they can make the world a better place, with innovative ideas like upcycling chopsticks into furniture in China, and building a business case for waste-to-energy in Vancouver.
8 MILLION people eat out at restaurants every day in Canada! What if there was a way to turn these peoples dining out into helping out? Andrew Hall and Derek Juno (two Gustavson graduates) have created a new social enterprise called @Mealshare, that does just that. All you have to do is eat a meal... Please check out their video and share it with your friends and family to help support their movement!
The University of Victoria has achieved a gold rating in the Sustainability, Tracking, Assessment & Rating System (STARS), administered by the Association for the Advancement of Sustainability in Higher Education (AASHE). UVic is the fifth Canadian university to achieve a gold rating under the STARS system, and the first using the updated version 2.0 reporting system. Only 56 or approximately 18 per cent of the 300 institutions in Canada and the US who have participated in STARS have received a gold rating.
Leat Ahrony has won first prize in the 2014 Diversity Writing Contest for her personal narrative entitled, “Please Don’t Categorize My Multiculturalism”. Her work was recognized on Wednesday, January 29, 2014, at the Provost’s Diversity Research Forum reception. Leat received a cash prize and an invitation to participate in a writers workshop with the conference keynote speaker, Denise Chong, an internationally recognized author and recipient of the Order of Canada. Her work will be published on the VPAC and Libraries websites and in a Libraries publication.
The University of Victoria has received a grant worth $445 000 from the European Union (EU). The funding will allow UVic to be home to the only European Union Centre of Excellence (EUCE) in B.C., and only the third of its kind in Canada. Several disciplines can look forward to offerings of lectures and workshops over the next three years all with an EU focus. Read more
The MGB (Master of Global Business) program will soon be expanding! The program currently offers students two choices for its September entry point each year: Students choosing Path 1 study first at UVic, then go on to our partner universities: National Sun Yat-sen University in Taiwan, then Johannes Kepler University in Austria.
We’ve won another award! The Peter B. Gustavson School of Business was recently honoured by the Canadian Network for Environmental Education and Communication (EECOM) as having an Outstanding Post-Secondary Program! Heather Ranson represented us at the EECOM awards ceremony here on campus on Saturday, June 29, 2013.
- UVic Welcomes New Dean of Business
- UVic Ranked 11th Best in World Under Age 50
- UVic Backs Reforms Sparked by Arab Spring
- Summerville on the restructuring of banks and the concept of too big to fail
- Saul Klein Begins as Dean of Gustavson
- Lululemon Founder UVic's 2012 Distinguished Entrepreneur
- Judith Sayers Appointed National Aboriginal Economic Development Chair
- Interview Clinic Helps UVic Students Get It Right
- Gustavson Researchers Score Top Ranking
- Gill PhD Student Richard Tuck Receives Vanier Scholarship
- Gender Bias in Severance Settlements
- Expert Advisory: FACEBOOK
- Dr. Craig Pinder Honoured by HR Community
- Business Students Take Honours in Fierce Commerce Games
- UVic Business Professor Wins 3-M Teaching Fellowship
- Bachelor of Commerce Program Expands