Whistle while you work

Business Leadership Celebration honors remarkable alumni, sings a Disney tune

The University of Washington Foster School of Business welcomed the CEO of Disney and honored three remarkable leaders—a healthcare entrepreneur, a pioneering academic and a city-defining developer—at its 23rd annual Business Leadership Celebration at Bellevue’s Meydenbauer Center last night.

Business Leadership Celebration 2014
Dan Baty, Dean Jim Jiambalvo, Nancy Jacob, and Kemper Freeman at the 2014 UW Foster School Business Leadership Celebration.

The evening’s hosts were UW Regents Marnie Brown (BA 2014), a student in the Foster School’s Master of Professional Accounting Program, and Orin Smith (BA 1965), retired president and CEO of Starbucks.

In his keynote conversation, Robert A. Iger, chairman and CEO of the Walt Disney Company, shared his essential traits of a great leader: curious, optimistic, focused, fair, thoughtful, decisive, risk-taking, courageous, innovative, and a perfectionist to boot.

In Q&A with ABC News correspondent Cecilia Vega, Iger embarked on an entertaining meander of topics, ranging from his humble start at ABC four decades ago (when his myopic first boss declared him “not promotable”) to the great leaders who influenced him (including Roone Arledge, Tom Murphy, Michael Eisner and Steve Jobs). He recalled the risk he took to bring “Twin Peaks” to the small screen and the even larger risk that Walt Disney took to bring “Snow White” to the big screen. He noted successful Disney acquisitions of Pixar, Marvel and Lucasfilm (for a total price tag of more than $15 billion), and shared a laugh at his folly in greenlighting “Cop Rock,” a short-lived TV police musical in the early ’90s. And he celebrated the Disney’s historically successful first animated feature directed by a woman—Jennifer Lee’s “Frozen”—and historic construction of the company’s largest castle ever for Disneyland Shanghai.

“I’m often asked what I think Walt Disney would think of the company today,” Iger said. “I think he’d be unbelievably proud. We’ve managed, after 91 years, to continue to be relevant to a world that doesn’t look anything like the world that existed either when Walt founded the company in 1923 or when he died in 1966. And we’ve done so without compromising the values that Walt put into everything that was Disney: notions of optimism and inclusiveness, universally appealing stories that touch people’s hearts.”

Distinguished Leaders
Walt Disney famously said that “if you can dream it, you can do it.” No one embodies this notion better than the three recipients of the Foster School’s 2014 Distinguished Leadership Awards.

Dan Baty (BA 1965) is a life-long entrepreneur who has catalyzed successful ventures in international healthcare, wine and wealth management. After growing a small chain of nursing homes in his early career, Baty co-founded Emeritus Senior Living, a network of assisted living and retirement communities in 45 states. Today he’s principal of Columbia Pacific Group, a private equity and wealth management company he founded more than 30 years ago.

“Suggested speaking topics tonight were impact of the business school, and lessons learned in 43 years of business.” Baty said. “My immediate response to both of these was: relationships. And many started as an undergrad at the University of Washington.”

Nancy Jacob (BA 1967) became the first female dean of a major American business school when she was appointed to lead the Foster School in 1981. The school’s Executive MBA Program launched during her tenure. After retirement from the UW—where she was the first female full professor of finance—Jacob founded NLJ Advisors and Windermere Investment Associates and established a successful second career in the financial services industry.

Jacob remarked on the dearth of women in finance at the beginning of her pioneering career and the ongoing challenges for women in traditionally male fields. “We make a big deal of the glass ceiling for women executives in their careers,” she said. “But that’s misleading because life is not a vertical climb. It’s a multidimensional trip. It doesn’t come with an easy button or a fair button. It is what it is. But when one door closes, another opens. You have to be flexible and you have to be willing to deal with adversity.”

Kemper Freeman, Jr., (UW 1963) is the chairman and CEO of Kemper Development Company, the driving force behind Bellevue Square, Bellevue Place and Lincoln Square—four million square feet of award-winning mixed-use real estate. Freeman studied economics and political science at the UW and pursued careers in farming, radio, banking, real estate, and even a stint in the state legislature before joining the family business that has reshaped the city of Bellevue.

Freeman shared his family’s philosophy of devoting 30 percent of waking hours to the community, saying that the “absence or presence of private-sector leadership within a community makes or breaks that community.”

He also credited the amazing diversity of successful local companies—Boeing, Microsoft, Costco, Amazon, Nordstrom, PACCAR, to name a few—as well as the Foster School with making this a golden age for the region’s economy. “There’s so much bad news going around,” Baty said. “But if this isn’t Seattle and Bellevue and the Northwest’s best time of all, I don’t know what it is.”

More than $100,000 in net proceeds from the UW Foster School Business Leadership Celebration will support scholarships and help create futures at the University of Washington.

Meet the 2014-2015 YEOC Mentors

This year’s crop of YEOC mentors share their majors, heritage, and more.

mcconnell-danielle Danielle McConnell, Junior
Major: Information Systems & Marketing
High School: Kentwood
Heritage: African American & Japanese
Activities: VP Of Information Systems for Association of Black Business Students (ABBS)
lopez-diana Diana Lopez, Junior
Major: Communications
High School: Wapato
Heritage: Hispanic
Activities: Boeing Internship and traveled to Ecuador last summer
Emmeline Vu Emmeline Vu, Junior
Major: Information Systems and Marketing
High School: Inglemoor
Heritage: Vietnamese
Activities: ASUW Board of Directors, TedxUofW, Delta Sigma Pi Business Fraternity, Campus Tour Guide, Concur Technologies Intern)
Irah Dizon Irah Dizon, Junior
Major: Human Resources & Operation & Supply Chain Management
High School: Mount Tahoma
Heritage: Filipino
Activities: Intern at Seattle City Light, Former Resident Advisor, Former Dream Project High School Lead
jeremy santos Jeremy Santos, Senior
Major: Finance
High School: Kentridge
Heritage: Filipino
Activities: Montlake Consulting Group, Foster Student Ambassador, Peer Coach
Jordan Faralan Jordan Faralan, Senior
Major: Marketing & Entrepreneurship with a Diversity Minor
High School: Oak Harbor
Heritage: Filipino
Activities: President of UW Hip Hop Student Association, Program Manager for ASUW Arts, Foster Student Ambassador
Joshua Banks Joshua Banks, Junior
Major: Finance and Accounting
High School: Washougal
Heritage: African American & Korean
Activities: Sigma Phi Epsilon Fraternity
Kainen Bell Kainen Bell, Senior
Major: Information Systems, Social Welfare
High School: Stadium
Heritage: African American
Activities: Director of
Service & Partnerships for
ASUW, UW Salsa Club,OMAD Ambassador, Intern at KPMG, Interned in Brazil
Karla Belmonte Karla Belmonte, Senior
Major: Accounting
High School: Highline
Heritage: Mexican
Activities: Association of Latino Professionals in Finance & Accounting (ALPFA), intern at INROADS
garcia-maria Maria Garcia, Junior
Major: Finance & International Business with a Spanish minor
High School: Royal
Heritage: Hispanic
Activities: Association of Latino Professionals in Finance & Accounting (ALPFA), intramural softball and soccer
Midori Ng Midori Ng, Junior
Major: Information Systems & Marketing with a Diversity minor
High School: Eastlake
Heritage: Chinese & Japanese
Activities: UW Relay for Life, Campus Tour Guide, Foster School Ambassador, Peer Coach, Intramural Volleyball, Case competitions
Nura Marouf Nura Marouf, Senior
Major: Supply Chain & Operation Management
High School: Shorewood
Heritage: Middle Eastern
Activities: Foster Ambassador, Fashion intern at Jahleh, National Association of Black Accountants (NABA), Case competitions
rodriguez-skyler Skyler Rodriguez, Senior
Major: Interaction Design IxD
High School: Inglemoor
Heritage: Filipino
Activities: IxDA spreading awareness of the importance of design and uncovering the importance of a collaborative learning environment
atafua-taupule Taupule Atafua, Senior
Major: Human Resource Management with a Diversity minor
High School: Auburn Riverside
Heritage: Pacific Islander
Activities: VP of UW Polynesian Student Alliance Organization, Student Resource Coordinator Lead at ECC, OMAD Ambassador, Phi Sigma Pi Honors Fraternity
tina moore Tina Moore, Senior
Major: Accounting & Information Systems with a Diversity minor
High School: Henry Foss
Heritage: African American & Korean
Activities: Association of Black Business Students (ABBS) President, Foster Student Ambassador

 

Learn more about the YEOC program here.

True North

Keeping the customer as its lodestar, Alaska Air Group navigated a turbulent decade to emerge as one of the marquee companies in the Pacific Northwest

Alaska Airlines plane in the skyAlaska Air Group recently moved into to the Fortune 500, that ultimate collection of the nation’s elite businesses, that manifest marker of size and success.

It was no small feat for a comparatively small, independent carrier to join the big boys in an industry marked by brutal competition, rampant consolidation, and chronic crisis. And it was even more remarkable that Alaska sustained its growth through a decade of Herculean trials.

So you might expect this momentous milestone would call for some serious celebration at the company’s south Seattle headquarters. Some bottles of champagne, perhaps. A press release, at least. Did they even pause to savor the achievement?

“We celebrate a lot of things,” says Brad Tilden (EMBA 1997), the chairman and CEO of Alaska Air Group. “But we didn’t really celebrate joining the Fortune 500.”

The understatement adds up when you consider it comes from a man possessed of a pilot’s cool and an accountant’s good sense leading a company with roots in the Last Frontier.

“It’s like compound interest,” Tilden adds. “Somebody had a really good idea 82 years ago, and we’ve been working at it year after year.”

 

Alaskan roots, American dream

Linious McGee's three-seat Stinson
The roots of Alaska Air Group: Linious McGee’s three-seat Stinson.

That somebody was Linious McGee, who began flying passengers and cargo in his three-seat Stinson between Anchorage and Bristol Bay back in 1932. A merger, two years later, with Star Air Service created Alaska’s largest airline, eventually renamed after the state.

At the industry’s deregulation in 1978, Alaska was the 24th largest airline in the US. And it was just beginning expansion into the Lower 48. By the end of the 1980s, Alaska Air Group had added regional carriers Horizon Air and Jet America. It had enjoyed nearly two decades of profitability and sustained growth. And it had earned a reputation for superior customer service.

Economic prosperity and low fuel costs kept Alaska growing through the 1990s.

But Tilden, who joined the company from Price Waterhouse in 1991, says that Alaska Airlines was growing almost despite itself. Friendly service masked a declining efficiency of operations. Complacency had crept in, a culture of good enough, not great.

As the century turned, Alaska’s internal vulnerabilities were about to be mortally tested.

 

Turbulence

The century’s first decade began in tragedy. The January 2000 crash of Alaska Airlines flight 261—half of its 88 victims being employees, family members or friends—sent the tight-knit company into mourning.

It was only the first of a litany of trials to challenge both airline and industry. Shortly after the dot-com bubble burst in 2001, the attacks of 9/11 altered air travel forever. The SARS scare of 2003 followed. Then oil prices spiked just as the financial crisis shook the foundations of the global economy.

Amid the external pressures, Alaska Airlines faced a litany of contentious labor contract negotiations beginning in 2003. Strained morale brought a dip in performance. There were simply too many late flights and mishandled bags.

“Alaska was burning through the goodwill it had earned over many decades,” says Bruce Avolio, director of the Center for Leadership and Strategic Thinking at the University of Washington Foster School of Business.

A new case study by Avolio, Chelley Paterson and Bradford Baker chronicles Alaska’s decade of dilemma. Survival would require absolute transformation—modernizing operations and slashing costs—without sacrificing the legendary customer service experience that had made Alaska Alaska.

“There was an increasing recognition among the leadership,” says Avolio, “that the course they were on could not continue.”

 

Crossing the Rubicon

The situation demanded decisive action. And fortunately, Bill Ayer (MBA 1978) had risen up the ranks to become CEO in 2002.

“At a time when this business required a person of tremendous courage,” says Tilden, “Bill was the perfect leader.”

Ayer never wavered from hard—and sometimes heartbreaking—decisions. The first set the tone for the company’s transformation. Amid an epidemic of default that swept the major carriers, Ayer declared that Alaska would not seek bankruptcy protection.

“We figured out what our costs needed to be for us to be viable and said to ourselves that we simply have to get there,” recalls Tilden, then CFO.

Among the difficult moves to ensure the company’s survival were a painful round of layoffs, the outsourcing of some ground operations, and some pragmatic dealing for concessions from the unions.

“The choice to stay out of bankruptcy helped the company downstream,” Avolio says. “By not destroying people’s pensions and protecting this covenant with their employees, Alaska’s management salvaged a degree of trust.”

That trust would prove vital.

 

Fix Seattle, then the company

Alaska Airlines plane flying over SeattleIf cost cutting took toughness, improving performance took smarts. There was a lot to fix, but Ayer and Tilden chose, wisely, to first fix Seattle, Alaska’s largest hub.

“We identified the basic things we needed to improve upon to be successful—safe operations, on-time performance, low fares and great customer service,” says Tilden. “And we focused relentlessly on them.”

Applying lean methodology and measuring every task, performance began improving immediately, first in Seattle and then throughout the network.

“Once they fixed Seattle, Alaska demonstrated what can be accomplished in its other cities,” says Avolio.

The dramatic transformation has been widely confirmed. Alaska has been rated highest in customer satisfaction (among traditional network carriers) by J.D. Power seven years in a row. It’s been number one in on-time performance four years running according to FlightStats.com. Outside dubbed Alaska its “Best Airline” in 2014.

Alaska has earned highest marks in just about every category awarded: air cargo handling, delivery and logistics, technology, maintenance, sustainability, philanthropy, loyalty program, employee satisfaction—even friendliness to pets.

And aggressive expansion to the East Coast, Midwest and Hawaii when others retreated has made Alaska one of the fastest growing companies in the industry.

 

The importance of being Alaska

That growth has lifted Alaska into the Fortune 500. The company may barely have noted the milestone. But Seattle should.

Alaska’s ascendancy adds another industry leader to the region’s increasingly diversified economy, according to Suresh Kotha, the Olesen/Battelle Excellence Chair in Entrepreneurship at the Foster School.

“Having another service-based company like Alaska become a dominant player in its industry creates jobs, broadens our economy and buffers us against the kind of cyclical downturns we used to face.”

He’s referring to the not-so-distant past when a slowdown at Boeing threatened to shut down the city. But today Seattle enjoys a far healthier balance of manufacturing, service and retail. The region is home to nine of the Fortune 500 plus other powers in a wide array of industries including aerospace (Boeing’s continued strong presence, plus a galaxy of suppliers), software (Microsoft, RealNetworks), retail (Amazon, Starbucks, Costco, Nordstrom, REI, Eddie Bauer), truck manufacturing (PACCAR), trade (Expeditors International), forestry products (Weyerhaeuser), and clusters in telecommunications, biosciences and gaming.

A successful airline adds to the economic diversity. “It’s making Seattle one of the nation’s best places to do business,” Kotha says.

Avolio adds that other companies could learn a great deal from Alaska’s customer focus and level-headed navigation of crisis “with discipline and focus.”

The other lesson of Alaska, he says, “is that the essence of great leadership is building a sense of ownership in employees and customers.”

 

People power

Ayer asked a lot of Alaska Air Group’s employees to save the company in its darkest hour. And those employees stepped up.

“We are the only legacy airline not to have filed for bankruptcy, thanks to the determination of our people,” he says. “What we learned by doing the hard work ourselves bodes well for our future.”

In 2012 Ayer passed the controls to Tilden, a new kind of leader for a new chapter in Alaska’s story. His focus today is on fine tuning the customer experience.

Tilden is continuing to foster Alaska’s celebrated culture of innovation that delivered the industry’s first online ticket sales and check-in kiosks, and is now developing apps to remove the anxiety from travel. “The goal today is to be the easiest airline in the world to fly by 2017,” he says.

Of course, technology can only do so much. People make the difference. While continuing to cultivate top management prospects in the Foster Executive MBA Program (see sidebar), he’s really trying to push the airline’s leadership to the front lines.

“The big opportunities going forward will come from consistent execution and delivery of service across every airport and every employee,” says Tilden.

To that end, he has initiated two company-wide programs to engage every employee and empower them to lead. It helps that they have a vested interest. As the profit-sharing program that Ayer and Tilden started during the lean days of the mid-2000s begins to pay handsomely, the link between airline performance and personal prosperity is easy to follow. That’s good for everyone’s bottom line.

“If the employees want us to be a great airline, we’ll be a great airline,” Tilden says.

 

Further frontiers

Alaska Airlines plane flies over a mountainThe airline industry seems to have stabilized, and Alaska is all systems go, elevating both its standards and goals. An exemplar of corporate responsibility, it’s also a pillar of philanthropy in the larger community—and especially at the University of Washington.

“There is a really special culture at Alaska,” Tilden says. “A real sense of mission, that what we do for the communities we serve—the infrastructure we provide businesses, the connections we provide families—is important.”

“What makes me proudest is the company’s outstanding performance since I retired,” says Ayer. “The team is executing better than ever and, as always, there’s no shortage of challenges. The reality is that there are a lot of factors that are not controllable, so those that are must be very well managed.”

Tilden is ever vigilant. Or, as they like to say in Alaska’s HQ, “Brad’s never happy.”

He’s seen the perils of complacency, especially when most of the challenges ahead are yet unseen.

“In some ways, the challenge was simpler ten years ago,” notes Avolio. “You knew all of the things that were broken; you just had to fix them. Today, you don’t know where the market is going. There are a lot of question marks.”

One certainty is that fierce competition will come from smaller airlines and the big ones (which keep getting bigger through consolidation). Most immediately, Delta is making a significant incursion on Alaska’s prime West Coast territory.

But Tilden believes that Alaska Air Group has found the secret. And it’s not at all sexy. “What’s going to help us succeed over the long run is continuing to do the basics well,” he says. “We need to be safe. We need to be on-time. We need to offer low fares. We need to provide great service. Those things are 100 percent in our control. And I think if we get them right, we’re going to win.”

 

Additional reading:

Alaska Air Group has long leveraged the Foster Executive MBA Program as a de facto training academy for future leaders, beginning with current CEO Brad Tilden (EMBA 1997). Learn more about the special relationship between Foster’s EMBA program and the Alaska Air group.

Why a career in consulting is for me

Megan Sevigny (BA 2015) reflects on her experience as a summer student consultant with the UW Consulting & Business Development Center.

At the beginning of this summer I had a small panic attack, which I am told is fairly common among incoming college seniors: I was certain I was making all the wrong life choices, and that I would be floundering helplessly after graduation. Fortunately, I didn’t have much time to wallow in my panic because I almost immediately started as a summer student consultant with the Consulting & Business Development Center. Luckily for me, my internship was the perfect tranquilizer for my panic attack because it led me to realize that not only do I want to pursue a career in consulting after college graduation, but I am being well prepared to pursue that goal with confidence.

Megan Sevigny
Student consultant Megan Sevigny (BA 2015) with Justin Christensen from RE Powell after presenting her final recommendations to the company.

In June, I contracted with a convenience store chain, an athletic club, and a distillery all from the lower Yakima Valley and the Tri-Cities to perform consulting projects through the center. My clients could not have been more different, but this diversity was what made my work so exciting, educational, and enriching. I grew up in the Yakima Valley and it was especially meaningful to me to work so close to home and to see local business owners bringing their ideas and passion for what they do to the community.

I can’t even begin to explain everything I learned about financial statements, liquor manufacturing, survey design, and athletic club member personas this summer. My family and friends are just about done with me explaining to them the inner workings of convenience stores and no one wants to come grocery shopping with me anymore because I spend far too long examining different products and what branding techniques they use. I have also developed a habit of interrogating any small business owners I happen across, about their career stories, passions for what they do, and their current business inner workings.

However, all these side effects, while not the healthiest for my social life, have proven to me that consulting is absolutely the direction I want to head after graduation. Furthermore, working and learning in the real world have shown me many of my own strengths and weaknesses and have served as a guide for which areas I want to focus my attention in my final year at school. My time working with the center has been incredibly valuable to me in so many ways. I made wonderful connections, learned so much about myself and my capabilities, and found some amazing support through the center and the business owners I worked with. I am eager to continue to build on my education and experiences and to move forward towards a career in consulting.

PACCAR Day at Foster

A clean, modern, state-of-the-art building on the north-central part of campus, PACCAR Hall is the unmistakable jewel of the Foster School. The result of several private donations from area companies, the building is named after its largest benefactor, truck manufacturer PACCAR Inc. Headquartered in Bellevue, the Fortune 500 company continues to forge an exceptional and ongoing relationship with Foster, sponsoring the PACCAR Award for Excellence in Teaching and recruiting students and recent grads for internships and jobs. In recognition of this extraordinary partnership, Foster officially declared October 8, 2014, as PACCAR Day on the UW campus.

During the event, students, staff, and faculty were able to tour trucks, speak with PACCAR employees, and enjoy a special lunchtime presentation from CEO Ron Armstrong. See photos from the event below.

PACCAR trucks

 

 

 

PACCAR Executives

PACCAR Executives

 

 

 

 

 

 

 

PACCAR Executives

 

 

 

 

PACCAR and Dean

PACCAR speaking event

 

 

 

PACCAR swag

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Visit our Corporate Partner’s page to find out how your company can engage with Foster.

UW Global Business Center retains elite status as CIBER

The University of Washington’s Global Business Center is pleased to announce its selection as one of only 17 Centers for International Business Education & Research (CIBER) as designated by the U.S. Department of Education.

The CIBERs were created by Congress in 1988 to increase and promote the nation’s capacity for international understanding and competitiveness. The Global Business Center, housed at the Michael G. Foster School of Business, has been a grant recipient since 1990.  The competition this year was fierce as the pool of available grants had been reduced from 33 to just 17.

Securing the CIBER grant enhances the Global Business Center’s capacity to develop business leaders with the knowledge, skill and vision needed to collaborate and compete across the globe.  “Global Business education is critical to the future success of our students and to U.S. competitiveness,” said Dean Jiambalvo. “Creating learning opportunities that build global business expertise is a top priority of the Foster School of Business. We are grateful to the U.S. Department of Education in supporting this priority.”

The Global Business Center will leverage this grant funding to draw on the strengths of the UW in implementing thirty-six new initiatives over the next four years with a focus on: (1) understanding Asia-Pacific markets; (2) the role of supply chains in global trade and investment; and (3) experiential learning for career-readiness.

  • Some of these new initiatives include:
    Career-focused study abroad and global experiential learning opportunities for students.
  • Programs that support faculty research and teaching related to the business, economic and cultural environments of Asia.
  • Education for the business and academic communities about new Arctic trade routes.
  • Global Career Pathways Programs that prepare community college graduates for careers in international trade, supply chain management, and cybersecurity.

The four-year CIBER grant will also allow the Global Business Center to build on its core competency of delivering outstanding student programs such as MBA Global Business Study Tours, the nationally ranked undergraduate Certificate of International Studies in Business, and the Global Business Case Competition.

“This award reinforces the strengths of the Foster School’s top ranked international business specialty programs,” explains Debra Glassman, Faculty Director of the Global Business Center. “We are honored to remain a part of the national CIBER network and look forward to producing more innovative global opportunities for students, faculty and the community.”

Putting together this winning proposal and rolling out these new initiatives would not be possible without the immense support that the Global Business Center receives from numerous individuals, community and corporate partners, and the University of Washington.  Thank you to all of our supporters!

Merci * спасибо *  Gracias  * 감사드립니다 *  Danke * 謝謝 * Ngyabonga
ありがとう* Grazie * 謝謝各位 * Spasibo * σας ευχαριστώ * THANK YOU!

Checking in on YEOC: A new year

As a new school year begins, so does Foster’s high school-to-college pipeline program Young Executives of Color, known to most as YEOC. The program, now in its eighth year, is more competitive than ever, receiving over 350 applications for 173 spots. With 44 percent of current YEOC students working towards being the first in their family to attend college, the stakes are high and the rewards are life-changing. There’s much to learn and discuss, which is why the program staff kicked things off with an all morning orientation for both students and parents. YEOC Program Manager Korrie Miller believes that it’s vital that families have time to ask questions and see what their students will be doing for the next nine months. “It sets the tone for the whole year,” she says.

After breakfast and a bit of networking, students reviewed the program expectations and policies concerning attendance (required), dress code (business casual), and bullying (zero tolerance). Afterward, the students met their assigned mentors. The mentors, juniors and seniors here at Foster (some of whom are also YEOC alums) are assigned several YEOC students to support both during and outside of the sessions. This support includes contacting the mentees to see how they’re coming along with school-work (the average GPA for a YEOC student is a 3.6) and what actions they’re taking to achieve their post-secondary goals. The students ended their session with a workshop hosted by admissions counselors and recruiters from UW’s Office of Minority Affairs & Diversity.

Meanwhile at the parent session, families were given the opportunity to hear from YEOC staff, program sponsors EY, former YEOC parents, and a former YEOC student and mentor. Like the students, they also ended the session with a college prep and admissions workshop.

See photos of the orientation below.

YEOC students

 

 

 

 

YEOC students

 

 

 

 

YEOC students YEOC studenst

 

 

 

 

 

 

 

 

 

YEOC mentors
2014-2015 YEOC Mentors

 

 

 

 

 

 

 

 

This blog post is a part of a series focusing on monthly YEOC student activities. Visit the YEOC page to learn more about the program.

A Consulting Program Grounded in Experiential Learning

Jacob Mager (BA 2015) reflects on his experience as a summer student consultant with the UW Consulting & Business Development Center.

This summer I had an amazing opportunity to work for the Consulting and Business Development Center as part of their Summer Consulting Program. I worked with three diverse businesses in the Seattle area: Plum Bistro—a vegan restaurant, McKinnon Furniture—a custom furniture manufacturer/retailer, and the CIDBIA—a non-profit dedicated to improving the business environment in Chinatown-International District. What I loved best about working with each of my clients was the true passion and excitement each owner displayed for their business. I completed a wide variety of task ranging from designing a floor plan, to orchestrating an employee meeting, to creating a branding strategy. This Program, although not my first consulting experience, challenged me to grow and learn like never before. I picked up valuable skills needed to move into a professional consulting career, and have highlighted what I consider to be some of my most important takeaways below.

Student consultant Jacob Mager (BA 2015) with Gary Strand of McKinnon Furniture after presenting his final recommendations to the company.
Student consultant Jacob Mager (BA 2015) with Gary Strand of McKinnon Furniture after presenting his final recommendations to the company.

Communication – I wrote emails, made phone calls, and presented ideas to my clients, advisors and manager. I was pushed to communicate more frequently, and because of the professional setting, more articulately than ever before. Each time I spoke clients I was expected to convey what I had completed, my plan moving forward, and to provide solid reasoning for every decision I made. This was much different than anything I’d experienced in class before, and although challenging, led me to greatly improve my verbal and written communication skills.

Relationships – I discovered the power of building close personal relationships in a professional setting. Because clients trusted me with sensitive information and were open about their concerns and goals, I was able to more efficiently address their needs and tackle additional problem areas. Ultimately, these close relationships not only made for a more enjoyable working experience, but motivated me to significantly increase both the quality and quantity of my work.

Work Ethic – As a student, it was both inspiring and empowering to get an opportunity to impact real life businesses. In doing so, I was compelled to provide thorough, quality work, and to put in the long, sometimes stressful hours needed. By being required to deliver results under deadline, just like you would in a real consulting position, I learned that long hours aren’t as hard as they seem when you feel your work has real value.

After completing this Program, I gained valuable skills and strengthened my conviction to choose a career as a consultant. I loved the diversity of my work and the opportunity to constantly learn. Each day was filled with new challenges, and knowing that my work would have a real impact kept me highly motivated. I became a better communicator, strengthened my work ethic, and learned how to build personal relationships within a professional context. I’m extremely grateful to have had this opportunity and know that it will greatly benefit me as I move forward into a career.

Wearables, Shareables, and the New Face of Healthcare: Entrepreneur Week 2014

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Presented by the Buerk Center for Entrepreneurship, Entrepreneur Week is an annual window into the world of entrepreneurship. Over the course of five days, the Buerk Center hosts events featuring Seattle’s high-profile thinkers, dreamers, innovators, and doers. Whether you’re a die-hard entrepreneur, interested in working for a start-up, or just entre-curious, this is your opportunity to meet and learn from venture capitalists, start-up CEOs, and serial entrepreneurs.
Check out EntreWeek 2014 highlights below, and visit the Buerk Center’s events calendar for details and updates.

Entrepreneur Week 2014

Monday, October 13, 2014
TA McCann
TA McCann

Your Success, Your Network: Why, How, and Now
w/T.A. McCann of Rival IQ and Gist
12:30—2pm
Dempsey Hall 302
It’s all about connections—making them, keeping them, using them. Rockstar entrepreneur T.A. McCann will open EntreWeek with a presentation on building and leveraging your network.

Couldn’t make it to this event? Check out T.A. McCann’s slides here.

 

What Are You Wearing?
5:30—7:30pm
Dempsey Hall 302
From Google Glass to Apple Watch, Fitbit to USB jewelry, everyone’s buzzing about wearables. Join a panel of experts as they discuss the ins and outs of wearable technologies and what’s next in this burgeoning market.
Panelists:
Davide Vigano, cofounder and CEO, Sensoria
Alex Day, head of business development, Peach; former project manager, RTneuro
Matthew Jordan, director of research and strategy, Artefact
Eric Jain, founder and CEO, Zenobase

Tuesday, October 14, 2014

Startup Walk
11am—4pm
Fremont
Join us on a fieldtrip to meet two of Seattle’s hottest startups: Reveal and Haiku Deck.
(Students only. Registration required.)

Remaking How We Make Things
4—5:50pm
Paccar 292
Pete Agtuca and Dr. Eric Rasmussen will speak about responsible manufacturing and redesigning with sustainability in mind. What does this mean? Here’s a good example:
When most of us think of wind turbines, we think of those massive towers stretching across open spaces where wind is steady and strong. Agtuca, founder of 3 Phase Energy Systems, has re-thought wind power generation, and patented “Powersails”, which  generate energy right where it’s needed.
Speakers:
Pete Agtuca, founder of 3 Phase Energy Systems
Dr. Eric Rasmussen, Infinitum Humanitarian Systems

AmberRatcliffe_small
Amber Ratcliffe

Reinventing Healthcare
5:30—7:30pm
Dempsey Hall 302
No surprise: healthcare is undergoing a transformation. Regulatory changes, advances in technology, a more-informed consumer—all of these shifts present a new healthcare industry that is rife with opportunity. Come meet with entrepreneurs who are changing face of healthcare in surprising ways.
Panelists:
Amber Ratcliffe, Carena (formerly, co-founder of NanoString)
Aaron Coe, Calistoga Pharmaceuticals
Peter Scott, Burn Manufacturing
Leen Kawas, M3 Biotechnology

Wednesday, October 15, 2014
Venture Capital Walk 2013
Venture Capital Walk 2013

Venture Capital Walk
8:30am—1:30pm
Downtown Seattle
Visit top venture capital firms Vulcan, Maveron, and Madrona, whose portfolios include such well-known companies as Gilt, Dreamworks, eBay, Zulily, Appature, and Redfin. (Students only. Registration required.)

It’s Good to Share: The Peer-to-Peer Economy
5:30—7:30pm
Dempsey Hall 302
You can’t swing a pink Lyft mustache these days without hitting a shared economy startup. Uber, Air BnB, Poshmark—they’re everywhere, and with good reason. Why buy when you can rent from others? Why not make a little cash sharing something you don’t use all the time anyway? Come meet three CEOs in the thick of things, and learn why your mom was right all along: it’s good to share.
Panelists:
Nathanael Nienaber, CEO, Ghostruck
Phil Kimmey, co-founder, Rover
Sean Dobrosky, FlightCar

Thursday, October 16, 2014

Startup Hall Tour
12:30—2pm
Condon Hall
Join us for a tour of Startup Hall, the new hub of innovation in Seattle’s University District. You’ll meet Chris DeVore of TechStars and Founder’s Co-op, UpGlobal’s Marc Nager, and other residents of this new home base for entrepreneurs.

Haiti Babi Blankets
Haiti Babi Blankets

Brace for Impact: Mission-Driven Entrepreneurship
5:30—7:30pm
Dempsey Hall 302
Social entrepreneurship defines success as increasing a company’s bottom line while addressing some of society’s most pressing problems. Come learn how three impact entrepreneurs have taken simple ideas—a restaurant, a baby blanket, a co-working space—and used them to improve our world.
Panelists:
Matt Gurney, FareStart
Katlin Jackson, Haiti Babi
Lindsey Engh, Impact HUB Seattle

Friday, October 17, 2014

2014 UW Innovation Open House
2—5pm
Dempsey Hall 302
Hosted by UW C4C and the Buerk Center, this is your opportunity to: network with local investors, industry leaders, and entrepreneurs; meet the founders and leaders of top UW spinouts; learn about promising new technologies developed in UW research labs; and discover the world of venture and angel investing.

DubHacks
October 17th and 18th will mark the inaugural DubHacks Hackathon, the first and largest hackathon in the Pacific Northwest. The event is being held at the Husky Union Building on the University of Washington campus and has already drawn attention from student hackers across the United States. Seattle, Washington has been chosen for its central location in the Pacific Northwest and for its well-established reputation as a high-tech city and entrepreneurial center. Hosted by Startup UW, Sudo Soldiers, and the Informatics Undergraduate Association.

Having a real impact

Gabriel Heckt (BBA 2016) reflects on his experience as a summer student consultant with the UW Consulting & Business Development Center.

One of the most unique aspects of the Consulting & Business Development Center’s Summer Consulting Program, and one of the reasons I’m most grateful for having participated in it, is the amount of true creative freedom and independence that is given to  each summer consultant. When I was first reading the description for the position, which outlined a student simultaneously consulting with three small businesses and personally constructing recommendations that would really improve them, I was skeptical. Most short-term business opportunities for students that I had heard of up to that point seemed to involve repetitive grunt work without much room to manage oneself or have a real impact.

Student consultant Gabriel Heckt (BBA 2016) with client Tonyia Smith, owner of Silver Slice Bakery in Seattle.
Student consultant Gabriel Heckt (BBA 2016) with client Tonyia Smith, owner of Silver Slice Bakery in Seattle.

What I experienced this summer was widely different from that perception. As the first few days of orientation began to wrap up, I realized that each student consultant would be individually responsible for their businesses, and the strategies we would eventually present would be all our own. I had to build everything from the ground up: outlining my own projects, carrying out my own research, and forming my own recommendations. I received excellent training and ongoing support from the center and a professional consultant advisor, but ultimately the finished product that would be used by the companies would be my creation. Although this created considerable pressure to create effective recommendations that could be actually used by the companies, the reward of having a real, tangible impact on these small businesses was immense, and is another reason why this program really stands apart from others.

This summer I worked with a gluten-free bakery, a specialty hair care salon, and a clothing boutique, all with their own diverse backgrounds and challenges. I really enjoyed connecting with all of these businesses and getting to know the owners over the course of the program. Working with real people and their livelihoods required my best work to deliver solutions that really addressed the challenges outlined at the beginning. It was incredibly satisfying to hear these owners excited to put the strategies I had created into effect in order to help their businesses.

The wide range of challenges presented to me over the course of the summer pushed me to expand my knowledge of business and step outside my comfort zone. The fact that I had to simultaneously construct a public relations campaign, recreate a website, and streamline a business’s infrastructure meant I was constantly learning new skills, testing new strategies, and improving my time management by leaps and bounds.

The Summer Consulting Program was an amazing opportunity that I recommend every business student apply for. The combination of extensive responsibility, positive pressure to improve, and the tangible impact of my work really made it the most significant experience of my undergraduate business career thus far, and a key part of my journey to becoming a professional consultant.

- Faculty perspectives, alumni happenings, student experiences, Seattle and Pacific Northwest community connections, and a taste of life around the Foster School.