Category Archives: Global Business

Foster’s CISB program creates career ready grads that go global

The nationally-ranked, award-winning Certificate of International Studies in Business (CISB) Program helps undergraduate Foster School students hone the competitive edge they need to succeed in global business. The CISB programs promotes a global mindset that leads to global employment opportunities by requiring international business coursework, study abroad, foreign language immersion, area studies coursework, and resources about global career pathways. In the last academic year, CISB students participated in several activities outside the classroom to make them better equipped to compete in the global business workforce.

In addition to academic coursework and language studies, CISB primes students with informational career panels about global business. In Fall 2013, CISB students attended an International Business Panel which featured professionals with established global business careers at Starbucks, Wells Fargo Bank, Slalom Consulting, and Port of Seattle. The panel provided insight into the realities of an international career and inspiring advice to those entering the workforce. CISB also hosted an Alumni career panel in which 12 CISB alumni shared how their CISB experiences helped shape and further their career. The panelists provided job search advice and examples of a typical day in their position.

networking

CISB students also get hands on experience in networking for a global career. In spring quarter, over 100 CISB students participated in a “Speed Networking” event. In small teams, the students practiced their networking skills on global business executives. The executives included the Assistant Corporate Controller from Microsoft, theVP of Global Client Reporting from BlackRock and theInternational Buyer from Costco. Primed with their global business education and career pathways insight, the CISB students could then practice the art of networking for their career.

But results speak louder than any of these events. Sam Bokor, VP Training and Personnel Development at Expeditors International stated that “CISB students are a a good fit for Expeditors because of their passion for the international trade community and their curiosity around other cultures.” Visit our CISB Alumni highlights to see the array of global careers secured by CISB graduates.

Are you a community member from the global business field and interested getting involved with CISB? Learn more about ways to contribute or contact CISB@uw.edu

Taking the plunge and moving to Chile

Guest post by Katie Gray (BA 2011)

Katie GrayI graduated from the Foster School in 2011, having studied marketing and Spanish and earning a Certificate of International Studies in Business (CISB). Last year I decided to take the plunge and move to Chile, where I had studied abroad four years prior. Although I didn’t have a job lined up, my plan was to immediately begin networking with my U.S. and Chilean contacts as soon as I arrived in Santiago. I began to email everyone I knew back in the U.S. to let them know I had moved in the off-chance that someone might have a connection in Chile. Luckily my plan worked, and a contact from Microsoft put me in touch with the man who is now my boss here at Microsoft Chile. I applied for and was offered the position of customer marketing manager for the Small and Medium Business segment.

As a marketing manager for a sales team, I manage and execute Microsoft’s direct-to-consumer marketing campaigns and activities throughout Chile for companies below 250 PCs. Although it is challenging to work in a fast-paced environment in a foreign language, I recognize this job has provided significantly more responsibility and room for growth than an entry-level position I would have had in the U.S. I am very grateful to Foster and the CISB Program for the foreign language and networking skills they helped me develop, and I cannot recommend the experience of working abroad highly enough. To anyone considering a move abroad after graduation who would like to know more about my experience, please feel free to contact me at kemilygray at gmail dot com.

International business students present to Lululemon execs

Guest post by Kelci Zile, Certificate of International Studies in Business (CISB) student

Kelci Zile and Erin Hollingshead
Kelci Zile and Erin Hollingshead at Lululemon headquarters
Erin Hollingshead and I, Kelsi Zile, were fortunate enough to visit the Lululemon headquarters in Vancouver, BC as a prize for our team winning the Certificate of International Studies in Business Foreign Market Strategy Project Competition held on February 13, 2014. The trip included a presentation of our proposal to the foreign expansion board at Lululemon consisting of Jessica Reigle, international specialist; Mary Pittman, international e-commerce manager; Tina Sarazin, brand creative & translation manager; Brooke Harley, international business development director; Sairah Hearn, global social media manager; and Mila Rusimovich, international community. Erin and I were very thankful we came prepared and were able to successfully answer the multitude of in-depth questions they had.

After our presentation we asked the board about their positions, biggest challenges and what they predict for the future. Not only was this an incredible learning experience, it was great to see how a board like this functions as a team. After the presentation we were given a tour of the facility by CISB alumna Nancy Richardson. One of our favorite parts of the tour was seeing their massive HR department, or what they call the people potential department. Their department is 500% larger than the average HR department. Lululemon truly understands the value of human capital. This is a progressing trend in business, and both Erin and I were glad to see that Lululemon has seen great success with this management style.

Following the tour we took a yoga class with Nancy and then had dinner with the rest of the board. At dinner Erin and I had a chance to ask real-life questions. The group was inspiring and pushed Erin and me to follow our hearts in everything we do. They understand that following your passion is the only true way to find happiness in a career. Erin and I returned to Seattle with increased drive, vision and enhanced presentation skills. This was an amazing trip and we are extremely grateful to not only have gained these business skills, but to also have met a group of inspiring people.

The Certificate of International Studies in Business is a rigorous, integrative academic supplement to the Bachelor of Arts in Business Administration. Through study abroad, foreign language immersion and area studies coursework, CISB students are equipped to meet the challenges facing business leaders in today’s global economy.

Foster student receives Bonderman Travel Fellowship

Wilson Carletti in Hong Kong while on the China Exploration Seminar
Wilson Carletti in Hong Kong while on the China Exploration Seminar

Foster undergraduate student Wilson Carletti was recently awarded a Bonderman Travel Fellowship which will enable him to travel solo for eight months and visit at least two regions and six countries around the world. Carletti was one of fourteen UW students to receive the fellowship worth $20,000.

Carletti grew up in Seattle and is preparing to graduate in June with an undergraduate degree in finance from the Foster School. He plans to leave for his eight-month adventure sometime in September or early October and will travel to Costa Rica, Ecuador, Peru, Chile, Antarctica, Argentina and South Africa. He first heard about the fellowship as a freshman through the Honors Program. After studying abroad in Italy and Spain for a summer and participating in an Exploration Seminar to China, he knew he wanted to travel more.

His travel objectives are to appreciate the natural beauty of these places, engage in dialogue with local communities, and participate in sports to learn to understand their role in the lives of other peoples and cultures of South America and South Africa. He is also interested in improving his Spanish while he’s in South America. And he’s visiting Antarctica because he has always wanted to visit all seven continents. He said, “I also want to use the opportunity to focus on one of my passions: writing. I want to write about my experiences, as a mode of self-reflection and documentation for others, and to hone my art of storytelling.” He said he started his blog before his first study abroad trip and found it helped him view his experiences differently, especially as he documented them for others.

He expects the most challenging aspect of this trip to be the long periods of solitude. Venturing out of the Puget Sound for eight months will also be an adjustment, but it’s one he’s looking forward to.

When Carletti returns, he’ll pursue a master’s degree in human centered design at UW. His ultimate goal is to combine his business education with startups and writing. His advice to current students, “Study abroad if you can. Seek out those opportunities that expose you to other parts of the world.”

The Bonderman Travel Fellows were established in 1995. The aim is to expose students to the intrinsic, often life-changing benefits of international travel. While traveling, students may not pursue academic study, projects or research. UW graduate students, professional students and undergraduate students are eligible to apply. In total, 207 UW students—127 undergraduate and 80 graduate and professional students—have been named Bonderman Fellows, including the 2014 fellows. Look for future blog posts from Carletti next year as he shares his journey with us on the Foster Blog.

The Global Team is GBCC 2014 champion

Nick Schuler (UW), Jarred Adams (FSU), Mathea Hubert (NHH), and James Lam (CHUK)
Nick Schuler (UW), Jarred Adams (FSU), Mathea Hubert (NHH), and James Lam (CHUK)

Four students representing four different universities and three continents made up the ‘Global Team’ that took home the trophy in the 16th annual Global Business Case Competition (GBCC) on Saturday, April 12th.

Each of the twelve student teams that competed in GBCC spent 48 hours analyzing a business case on Nike’s sustainability and labor practices. The students were asked to identify three countries where Nike should shift its production. Teams had to justify their choices by explaining the advantages and tradeoffs of candidate countries in terms of sustainability and labor practices, as well as costs and other competitive factors. They also had to address ways in which Nike could implement traceability of its supply chain for collegiate apparel.

Of the four teams selected to move on to the final round, the judges chose the ‘Global Team’ as this year’s Champion. Unlike the other competing teams who came from just one university, the ‘Global Team’ was made up of one student from the Chinese University of Hong Kong, Florida State University, NHH Norwegian School of Economics, and the University of Washington. They met for the first time just days before their final presentation.

Multicultural teams are now a reality of both the classroom and the professional environment. The Global Business Center began the ‘Global Team’ tradition eight years ago to bring students from around the world together to work as a team. The judges said that the team’s final presentation clearly benefitted from their diverse backgrounds and experiences. In eight years, the Global Team has placed in the finals four times, and now they are GBCC Champions!

The Global Business Center would like to acknowledge the hard work of our GBCC Student Leadership Team who spent countless hours organizing this event. Co-chairs Lisa Dang and Connor Harle were exceptional leaders for over 100 students that were involved this year.

Finally, GBCC would not be possible without our major corporate sponsors: The Boeing Company, Costco Wholesale, F5 Networks, Fluke Danaher Corporation, Russell Investments, Starbucks Coffee International, and Wells Fargo.

Sten Karlholm combines his passions for Swedish and sports

Guest post by Sten Karlholm, Foster senior and Certificate of International Studies in Business student

SwedenSportsInternBlogMy education seems to have taken the scenic tour, as my passion for traveling combined with my studies opened up opportunities and happily postponed my graduation. The journey all began while finishing my third year at UW, which I spent as an exchange student in Uppsala, Sweden as part of the Certificate of International Studies in Business Program (CISB). I had accomplished many of the requirements during this study abroad year, but there was one last challenge I was looking to complete during the summer: the International Business Practicum. It was mid-June and I had been applying and seeking out internships in Sweden for the past two months to no avail. As the long days of the Swedish summer began to come into full effect, there was a sense of anxiousness and uncertainty. I began preparing for the expectation of autumn quarter and flight back to Seattle. I had applied to one job on a whim, with the tag line “Passion for sports.” I had emphasized my passion for the game of basketball and my affinity with golf in my cover letter. After a telephone interview and my first ever sit down interview conducted in Swedish, I was offered a job as part of the opening team for a new Nike Factory Store in Stockholm.

I accepted this opportunity to further my proficiency of the Swedish language and master the fundamentals of Nike in the retail setting. I was dedicated to showing a high level of commitment on the job, tackling the unfamiliar terms of shoe specifics in Swedish while giving the best customer support. Recognition came my way as I took over further responsibilities like closing the store, accounting and submitting daily sales reports.

Nearly a year had gone by and it was time to continue my studies at the Michael G. Foster School of Business. This period away gave me the time to reflect on what I wanted to aim for within a future career, and influenced and ignited my passion for fashion and sports. With this goal in mind, it motivated me to keep looking for opportunities and ultimately led me to where I am today as the product management intern for Club and Balls within Nike Golf at the European Headquarters in Hilversum, The Netherlands.

Keeping up the pursuit of acquiring an international internship paid off as I have now spent seven months learning the ins and outs of Nike and the European marketplace. Every day I am conducting competitor analysis of the club and ball market for various regions and currencies in Europe. I’ve also been an integral part of updating pricing and catalogs for our recently released Covert 2.0 and upcoming RZN golf ball. I was even presented the chance to assist in the set up and lead the tear down at the Nordic Golf Trade show in Sweden due to my language proficiency. Not only was this a phenomenal experience as an intern, but as a result of my abilities I was selected to help out during our go-to-market sales meeting in Spain.

I had finally achieved the goal of receiving an international internship, but the experience is so much more than ticking a box for completion. The lessons learned and experience gained will be invaluable as I continue to pursue a career within international business. I am truly grateful for the opportunities that I’ve received and the support from my peers and colleagues along the way.

MBA Strategic Consulting Program heads to Singapore

A team of Foster students recently traveled to Singapore for an MBA Strategic Consulting Project. The following is an account by Kyle Sullivan (MBA 2014) of his experiences there and observations of the city-state.

Foster MBA students in SingaporeIt’s cold and rainy in Seattle; typical winter conditions. It’s hard to imagine I was enjoying 85-degree weather just a few weeks ago in Singapore.

Despite having lived in Asia for an extended period, I had never visited Singapore before. My friends often described it as uneventful, that it had none of the dynamism of China or Hong Kong; “Asia lite,” they would call it. I could not disagree more.

From the moment we landed, I noticed a sense of significance about the place. Driving westward into town along Singapore’s East Coast Parkway (ECP), parallel to the waterfront, it is all but impossible to ignore the armada of container ships lingering in the Singapore Strait. A few miles down the road, the view of the ships becomes obscured by an army of quay cranes towering above the Port of Singapore, Asia’s second largest port. Adjacent to the port, gleaming skyscrapers bearing the names Standard Chartered, HSBC, and Microsoft press up against Singapore’s Marina Bay. Surrounded by so much commercial activity, it feels as if you are in the center of the world.

I traveled to Singapore with a team of three classmates—Noah, Shalini, and Lisa—to work on a project for a Washington-state manufacturing company. The company had been exploring the possibility of opening a warehouse in Singapore in order to be closer to its customers in Asia Pacific. Our task was three-fold: gather information about the local market for the company’s products, assess the local real estate market, and make connections with headhunters. The project’s intent was to inform the client company about the most appropriate way to set up an operation in Singapore.

SingaporeIt was a busy ten days for us, packed with meetings, dinners, and networking events. One of the key takeaways from our meetings with various business partners was that there are very clear trade-offs for conducting business in Singapore. For example, business registration is conducted online and takes a matter of hours (whereas in China it can take more than six months), laws and regulations are evenly enforced, and the corporate income tax rate is a flat 17 percent. The downside is that the average price for a warehouse is roughly triple the price in Seattle, and annual wage increases are some of the highest in Asia Pacific.

One of the most interesting meetings was with a company called Mapletree, which is one of Singapore’s largest industrial property management firms. We met with a man named James, who heads up marketing for Mapletree’s industrial property division, to hear his expertise on Singapore’s industrial property market and to understand his company’s portfolio of warehouse properties. As we were wrapping up the conversation, out of curiosity I asked James for his opinion about what country in Asia Pacific will be the next major driver of growth for industrial property sales. He paused for a moment, and grinned. Waiting in suspense, as if he was about to divulge a closely guarded secret, he simply replied, “Indonesia.”

Learn more about the MBA Strategic Consulting Program at the Foster School.