Letter From Managing Director Ricardo Ernst
Four continents, six countries, and 40 projects marked the culmination of the travel portion of the Global Business Experience (GBE) for our full-time MBA students. During the first week of March we reported live from the six cities (Shanghai, Sao Paulo, Mumbai, Johannesburg, Dubai, and Barcelona) through our Twitter account, with information on our students’ client presentations, company visits, community projects visits, and city tours. Both our students and the client companies were very pleased with the results of this year’s GBE and it has served to strengthen our relationship with the client companies to return next year with the class of 2016 and new challenging global consulting projects.
The Global Business Initiative External Advisory Committee met in March. The committee meeting coincided with the Georgetown McDonough Board of Directors spring leadership meeting, during which President John J. DeGioia stressed the importance of embracing the university's global potential.
Stay tuned for our next edition which will feature our evening students’ GBE, including two new city destinations, information about our next Global Summit and more exciting GBI news.
Ricardo Ernst, Ph.D., Professor of Operations, Managing Director, Global Business Initiative
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Financial Services Consulting in Mumbai
“The streets of Mumbai, India, were packed with people, cars, animals, and bicycles, all in constant motion. Their constant honking echoed through the city at all hours. Yet, where some might see chaos, I saw organization and patterns,” said Eric Ellsworth, a full-time MBA student at Georgetown University’s McDonough School of Business.
Ellsworth’s group consulted with Home First Finance Corporation of India, a small mortgage lender which serves lower-income residents. The four students worked on the project for months prior to the trip. “They asked us about technology, what tech could do to help them compete better,” Ellsworth said. “We looked at things that might benefit them in a competitive sense, like mobile finance or digital advertising.”
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MBA Students Get Music Lesson in Brazil
During their Global Business Experience (GBE) trip in March, students in Georgetown McDonough’s MBA program visited Meninos do Morumbi in Sao Paulo, Brazil. Meninos do Morumbi is an after-school program which teaches music, singing, and dancing while keeping students off of the streets.
The Brazilian students taught their Georgetown peers how to play the drums and dance. Afterward, Flavio Pimenta, the founder and director of Meninos do Morumbi, spoke to the MBA students about the impact that the program has had on the 14,000 students who have participated. Georgetown students were able to talk with Brazilian students about their experiences in Meninos and compliment them on their exceptional musical skills. |
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In the News
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MBA Students Participate in Instagram Contest
MBA students shared more than 500 photos during their Global Business Experience (GBE) trips in March using #msbglobal on Instagram. The photos spanned all six countries and represented a wide range of experiences, including architecture in Barcelona, religious celebrations in Mumbai, and sunsets in São Paolo.
After returning to the U.S., students “liked” and voted on six finalist photos. The two photos with the most “likes” -- from students @ellefox and @jjbit11 -- were named the winners! Pictured above is a photo of street art in the city of Mumbai.
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Q&A: Steve Marzo, member, External Advisory Committee
Steve Marzo (B’80), is a member of the Global Business Initiative’s External Advisory Committee. He also serves as an Alumni Ambassador, leading efforts in Hong Kong.
What is the importance of global business education? Why is it important for MBA students to visit Hong Kong?
A global business education opens doors for students, and provides the pleasure of learning and enjoying different cultures. Today's successful business manager benefits from understanding global business trends and developments to help identify opportunities, as well as to be aware of those influences which could impact your work.
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MBA Students Interact with Spanish Entrepreneurs
In March, Georgetown MBA students on their Global Business Experience (GBE) residency in Barcelona visited BarcelonaActiva, a public institution that supports start-up enterprises, employment creation, and international projection in Spain’s second-largest city. The students had the opportunity to interact with Spanish entrepreneurs, visit the premises, and gain exposure to international business.
Students met with Marc Sans, city promotion advisor, who explained the various incubator and accelerator services offered by the institution free of charge. BarcelonaActiva welcomes 15,000 entrepreneurs per year from across the globe and assists in the successful training and launching of more than half of the proposed projects.
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Dean David Thomas speaks at the American Chamber of Commerce in Hong Kong
David A. Thomas, dean of Georgetown’s McDonough School of Business, gave a presentation at the American Chamber of Commerce in Hong Kong on March 24, as part of the Chamber’s educational agenda on business schools in the Chinese market.
Dean Thomas mentioned that his presence in Hong Kong fit with Georgetown McDonough’s 12 Cities Tour, aimed to deepen the school’s global connections, engage major stakeholders abroad, and connect with the business population and organizations interested in creating global leaders.
Dean Thomas also explained how Georgetown McDonough has aligned its activities to its mission of preparing business leaders with a global mindset, through our revamped curriculum, the Global Business Experience, the partnership with the Walsh School of Foreign Service, and our global community of students.
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President DeGioia Emphasizes Georgetown’s Global Engagement
John J. DeGioia, president of Georgetown University, emphasized the importance of global experiences during the McDonough School of Business leadership meeting in March.
“What has emerged [since my talk to this group three years ago] is the scope and importance of the McDonough School of Business’ global character, the contours of its global presence, the way in which its impact is felt around the world, and its preparation of young business leaders for a global context,” DeGioia said.
DeGioia shared his thoughts on globalization and reflected on the university’s mission and purpose.
“We are most valuable when we approach this work as the whole university, as an integrated university,” he said, highlighting the Global Business Fellows Program, the Executive Master’s in Leadership (EML) and custom programs, and the Steers Center for Global Real Estate.
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Georgetown McDonough Identifies 12 Cities for Global-Ready Leaders
As Georgetown’s McDonough School of Business aspires to become known as the premier destination for global business education, the school’s Global Business Initiative (GBI) External Advisory Committee has identified 12 cities around the world for the school to focus its international engagement over the next several years: Dubai; Hong Kong; Istanbul; Johannesburg; London; Madrid; Mexico City; Mumbai; São Paulo; Seoul; Shanghai; and Singapore.
The GBI board members identified these cities by looking at many different variables, including the number of alumni and prospective students in residence, the locations of the school’s Global Business Experience consulting projects, and the organizations that hire business graduates and offer executive education programs to employees through Georgetown McDonough.
David A. Thomas, dean and William R. Berkley Chair, has been visiting many of these cities as part of his “Business Has No Borders” tour, during which he is meeting with alumni and business leaders to talk about the future of global business and what business schools can do to develop executives to conduct business on a global stage.
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Georgetown University McDonough School of Business
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Rafik B. Hariri Building | 37th & O Streets NW | Washington D.C. 20057
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http://msb.georgetown.edu
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