It was serendipity when Guy Hudson, MD, a pediatric specialty surgeon, met Shelley Cathrea Roy, a chiropractor, and Laureen Driscoll, a nursing administrator, for the first time at their EMBA orientation meeting in 2011. Though Guy and Laureen were both working at Swedish Medical Center at the time, neither they nor Shelley could have guessed that their EMBA experience would soon result in teaming up to lead change in pediatric services at Swedish. Pursuing a career shift, Shelley sold her practice and, leveraging her EMBA network, joined Swedish the following year as a clinic administrator. All three quickly found innovative ways to apply the business tools they were learning in the program in the hospital setting. Executives took notice, and supported their efforts to marry their growing business savvy to their professional expertise on the job. Leadership opportunities and promotions followed, with more to come.
The Foster School of Business was honored to have Neal Dempsey (BA 1964) speak at the undergraduate commencement ceremony this year. Dempsey is managing general partner at Bay Partners, focusing on enterprise software applications. Over the past 19 years he has guided more than two dozen start-ups to obtain highly successful outcomes—either through an IPO or by acquisition. He recently made Forbes’ 2013 Midas List of top tech investors. In 2012 he had three companies go public and three others get acquired.
Dempsey gave an animated and insightful send off to the class of 2013. His three secrets for success in the real world: accept failure, embrace change and give back. Below is an excerpt from his blog and video of his speech. Congratulations to the class of 2013!
Re-posted from Dempsey’s blog:
I had the honor of being asked to give the commencement address for the University of Washington’s Foster School of Business undergraduate class this month. As many of you know, the University of Washington is my alma mater and near and dear to my heart. It was a real treat. To prepare for the speech, I spent some time with about 25 of this year’s graduating class. I wanted to know their hopes, dreams, and worries for what’s ahead. After all, these are some difficult times for new college graduates. I must say I was surprised and impressed with the caliber of these students. Most have jobs and all are prepared and ambitious. I expect to see great things from this group of students in the future.
This is not your ordinary commencement speech, so get ready for more than a few surprises. I hope you enjoy watching it as much as I enjoyed giving it. Congratulations to the class of 2013!
Stacy Nagata was one of the first participants in the Student Consulting Program (SCP) and experienced the start of what has become the BEDC’s signature program. As an undergraduate in the business school in 1999, Stacy had been president of the University Management Consulting Association and competed in a number of case competitions. She knew she wanted to go into consulting but didn’t have any experience. Participating in the Student Consulting Program (then known as the Business Assistance Program) gave her the real-world experience she needed to land her first consulting job at LEK.
From the start, Stacy felt that she was ahead of her colleagues: She had practical knowledge, tactical abilities and could see the big picture, skills she had learned through the Student Consulting Program.
Stacy also knew that the Internet was going to dramatically change business. She became fascinated with companies such as RealNetworks and Amazon that were just taking off when she graduated college in 1999. The power of technology in media and business became her passion and eventually led her to jobs in the entertainment industry, including West Coast Integration lead for the NBC Universal merger.
Key to her work at NBC/Universal was the question- how does technology impact the entertainment industry? Stacy worked to make content available digitally, helping launch the website Hulu, which involved creating an entirely new business model. Helping shape the future of entertainment was exciting, but Stacy decided that she missed Seattle and knew that a move back to her hometown would give her the chance to give back to the community.
Stacy returned to Seattle in 2012 to work for Xbox. Her new role will be to take interactive gaming to the next level, and as a former gamer, she thinks she’s up to the challenge. She also began to support several organizations that helped jumpstart her career. She is a board member of the Seafair Foundation, where she served as an ambassador in High School. She’s also serving as an Alumni Mentor for the BEDC’s Student Consulting Program, helping the next-generation of business leaders.
Through mentoring student teams Stacy has realized that she can make a big difference in students’ lives. And she learns from the students, noting that they have a much higher level of sophistication than students of 14 years ago. She has some advice for them too: “Just because you are young doesn’t mean you don’t have great ideas”.
And she is proud to see how much Foster has grown in 14 years. Programs such as SCP enable students to have experiential education and greatly enhance the classroom learning. “That’s the magic of Foster,” says Stacy. “There just isn’t enough time in the day for the many opportunities available.”
Bruce Avolio, executive director of the Center for Leadership and Strategic Thinking, led a discussion on organizational leadership on April 24, 2013 at the UW Foster School of Business. Panelists were Lt. Gen. Robert Brown, Phyllis Campbell and Brad Tilden.
LTG Robert Brown was commissioned into the Infantry in May of 1981 after graduating from the United States Military Academy at West Point. In 1986, LTG Brown completed the Armor Officer Advanced Course at Fort Knox, Kentucky and then attended graduate school at the University of Virginia, where he earned a master’s degree in education. Throughout his career he has held a variety of leadership positions, including Commander, 1st Brigade (Stryker Brigade Combat Team), 25th Infantry Division; Chief of Staff, US Army Europe and Seventh Army; and Commanding General, U.S. Army Maneuver Center of Excellence. LTG Brown transitioned to Joint Base Lewis-McChord on July 3, 2012, where he serves as Commanding General, I Corps.
Phyllis Campbell is the chairman, Pacific Northwest for JPMorgan Chase & Co. She is the firm’s senior executive in Washington, Oregon, and Idaho, representing JPMorgan Chase at the most senior level to clients. In her role, she manged JP Morgan Chase’s operations during a tumultuous time. She joined Chase shortly after it acquired Washington Mutual during the banking crisis. Previously, Campbell was the president and CEO of The Seattle Foundation, the largest community foundation in Washington. She has also served as President & CEO of U.S. Bank of Washington. She holds an MBA from the Foster School’s Executive MBA Program.
Brad Tilden is president and CEO of Alaska Air Group, the parent company of Alaska Airlines and Horizon Air. As CEO he leads the nation’s seventh-largest airline, with 9,600 employees, 60 destinations and 117 aircraft. Additionally, he oversees regional carrier Horizon Air and its 3,200 employees and 48 aircraft serving 39 cities. Previously, Tilden served as Alaska Airlines’ president. Before joining Alaska, he spent eight years with the accounting firm Price Waterhouse in its offices in Seattle and Melbourne, Australia. He holds an MBA from the Foster School’s Executive MBA Program.
The panel discussion was incredibly interesting and insightful. They covered a wide range of topics, including leadership obstacles, women in leadership positions, managing risk and more. Watch video highlights from the lecture.
Lt. Gen. Robert Brown, Phyllis Campbell and Brad Tilden were Foster School of Business Dean Jim Jiambalvo’s guest speakers at the Leaders to Legends Breakfast Lecture Series, which include notable leaders in an array of industries from greater Seattle and around the country.
Not only are LaJuan Davis and her brothers Dwayne and Ricardo Ellison the next generation of leaders JBE Incorporated, they are also proud graduates of the University of Washington’s Minority Business Executive Program (MBEP) – which is saying something considering that they hadn’t really heard about the UW or this program 18 months ago. Following their graduation from MBEP last June, they each took back lessons they learned and they saw an immediate impact.
LaJuan, the company’s treasurer, took back three key lessons: That for small businesses “sometimes it’s important to sacrifice growth to insure liquidity,” empowering employees to make decisions is key to enabling the executive team to focus on the future, and that while you can’t always measure the impact of marketing expenditures these investments are key to long-term growth.
Ricardo, one of the company’s Vice Presidents, reflects on how he’s become a better leader because of what he learned at MBEP: “senior executives don’t need to be a part of every decision,” he says. He also noted that rather than focusing most of the company’s top talent on solving today’s problems, they are now “spreading talent around so they can focus on today and the future.”
Dwayne, another Vice President, says the program changed how he views the entire company. He’s become more acutely aware of the power of branding the company in moving the company forward. He’s learned that as a senior leader of the company he needs to “work on the business rather than work in the business,” and through this he’s able to empower others to make decisions.
These three siblings are confident that what they learned at MBEP will have a long-lasting impact on their company, but they’re also proud that, in part because of how they’ve changed their leadership of the business, JBE set a record last year by crossing the $40 million revenue threshold for the first time. They’ve also begun to directly manufacture products in addition to the assembly and supply chain management services they’d previously offered.
LaJuan, Ricardo, and Dwayne had the opportunity to attend MBEP because of their relationship with The Boeing Company. JBEP was founded to provide services to the automotive, paper, and textile industries. They began to court Boeing as a customer in 2008, and when Boeing selected Charleston as the site for final assembly of the 787 Dreamliner, the relationship took off. Last year Boeing invited JBE to be in their mentor-protégé program, which led to the offer to attend MBEP. While JBE was looking at similar programs offered on the east coast, when they learned about the Foster School’s year-around work to grow minority-owned businesses through the BEDC, they decided to accept Boeing’s offer.
To learn more about the 2013 MBEP, please join us at a Sampler and Information Session on Thursday, May 16 from 7:45 to 9:00 a.m.
Guest post by Bruce Avolio, Executive Director of the Center for Leadership and Strategic Thinking and Marion B. Ingersoll Professor of Management.
Personally, I believe in more inclusive, transparent and democratic leadership, even at Universities for God’s sake. However, when you witness what has been created in Dubai and Abu Dhabi, there is something about tribal authoritative and authoritarian leadership that cannot be ignored. Such leadership builds cities very quickly, efficiently and majestically…well, depending on your taste in architecture. Indeed, the parallels in the world that I could think of where similar leadership has had such positive impact are in places like Singapore and Chicago under the leadership of the Mayor Daley’s. When there is chaos to be controlled and a myriad of interests to be aligned, sometimes authoritarian coupled with authoritative leadership—if they know what they are doing, can be very effective. Yet, to sustain this model of society and leadership is tough, in that it oftentimes in the case of a Dubai or Abu Dhabi depends on the choice of the ‘right son’ or the ‘right brother’ in the succession plan.
Guest post by Bruce Avolio, Executive Director of the Center for Leadership and Strategic Thinking and Marion B. Ingersoll Professor of Management.
There are several things that one cannot ignore when traveling in Dubai and Abu Dhabi. First, in 42 years since the founding of the United Arab Emirates, these global citizens have built massive cities with the most impressive and innovative architecture on earth. Second, you cannot find a more controlled society on earth that doesn’t appear to have any interest in overthrowing the ruling families. Indeed, what one sees in this part of the world are sheer opulence everywhere, and a largely satisfied group of indigenous citizens. The reason being is that the rulers in this part of the world, rule with an iron fist, but they also rule with tremendous generosity and smarts towards citizens. If you are a so-called Emirate and not living well, call your ruler because you are clearly missing out on all of the bennies, e.g., subsidized housing, utilities, car payments, healthcare, schooling, higher educational scholarships, or a new iPad!
Ken Denman (MBA 1986) holds the Edward V. Fritzky Chair in Leadership at the Foster School of Business. He spoke in March at the Foster School about his career path and latest venture, Machine Perception Technologies, a software-based company working to merge emotion detection and machine learning to take personal technology to a new level.
Denman has held myriad executive roles which have spanned large corporations, startups, emerging markets ventures and turnarounds. He led iPass’ successful initial public offering, and led the strategy work for monetizing Openwave’s patent portfolio and spinning off the operating units. He is also an engaged angel investor and board member with public and private board experience. Currently he is president and CEO of Machine Perception Technologies (MPT).
Watch video highlights, which also include a demonstration of Facet, MPT’s emotion detection software. The demonstration was led by Dr. Marian Bartlett, lead scientist at MPT.
Ken Denman was one of UW Foster School of Business Dean Jim Jiambalvo’s guest speakers at the annual Leaders to Legends Breakfast Lecture Series, which include notable leaders in an array of industries from greater Seattle and around the country.
Bruce Avolio, executive director of the Foster School’s Center for Leadership and Strategic Thinking, spoke at TEDxUmeå on January 17, 2013. The theme was “Leadership, creativity and innovation” and Avolio’s talk was titled, “Showing up for leadership…Ta Dah!” In his talk Avolio discusses three types of leadership: leadership that grows people, leadership that sustains people and leadership that diminishes people.
When a leader grows people, she empowers them to take ownership and challenge conventions. Leaders who grow people share a common trait—they all had people in their lives who set extremely high expectations for them. When they failed to meet these expectations, they were supported and encouraged to get up and do it again, and this process was repeated over and over. As a result they developed the ability to transform other people into leaders.
Avolio shared examples of how people can show up for leadership. You can be a leader who grows people by:
- Showing up with great expectations.
- Showing up claiming leadership.
- Showing up over and over.
- Showing up with everyone.
Avolio said, “We can all grow a better world together. Why don’t we do it?”
Watch the 20-minute video.
The Business Economic Development Center’s Business Certificate Program will begin in April at UW Seattle campus. The six-session course teaches business fundamentals through a series of six three-hour classes. BCP will be offered in Spanish (Tuesday evenings from 6:00 to 9:00 p.m. starting April 2) and in English Wednesday evenings from 6:00 to 9:00 pm starting April 17.
Who should attend? Any small business owner or manager who is interested in learning or refreshing their knowledge of sales and marketing, finance and accounting, leadership and management, and legal topics. Students come from every industry- from construction companies to restaurants to medical clinics. And to due to the diversity of participants, the classroom is a great place to network with fellow business owners.
The class also offers students to learn from award-winning University of Washington faculty including Mike Eguchi, lecturer of sales and marketing. With over 30 years of sales experience, Eguchi shares proven strategies and tactics in his class session Developing a Sales-Oriented Company. Student Pratish Brady relays how she used what she learned, “I used the guidelines [from class] to write my mission and vision statement for my website emphasizing benefits and value of my product; people are complimenting me on them.” And “ I spoke by phone with a new customer I had sent a sample too. He liked the product, but it was the wrong size. I used the term “how so” and kept him talking so I could understand more clearly what he wanted. Our conversation ended with a new order for a smaller size product and he wants to distribute my product to his customers not only in the US but in Europe. A definite win-win.”
Learn how to make your business win with proven business fundamentals from the Business Certificate Program. Course registration fee is $200. To sign up please visit our website. You can also be a program supporter by sponsoring a student.