Undergraduate

Foster Team Wins National KPMG ALPFA Competition

Wednesday, August 29th, 2012

Foster Team Wins National KPMG ALPFA Competition On August 13 and 14 in Las Vegas, an undergraduate accounting team from the UW Foster School of Business won the Association of Latino Professionals in Finance & Accounting (ALPFA) national case competition.

Sponsored by KPMG, the invitation only competition selects teams from 24 schools around the country to analyze specific public companies and present on key accounting policies, strategies and risks, and provide recommendations to help mitigate the firms’ risks.

The Foster team analyzed Tyson Foods, a public company headquartered in Arkansas. They worked throughout spring quarter analyzing and researching Tyson’s financial position. Foster’s team consisted of seniors Sonia Gorski and Ana Mendez and juniors Anthony Escobar and Gideon Vasquez.

“Our Foster team gave an extremely impressive presentation to the mock audit committee from KPMG,” says faculty adviser Patricia Angell, who coached the students. “Any firm would be honored to be represented by these polished professionals.”

The team was also supported by the local ALPFA chapter and KPMG managers Mark Turley and Lakshmi Kuduganti.

Foster entrepreneurs bring “Swagga” to Husky nation

Friday, June 8th, 2012

It’s official. Onesies are not just for babies anymore. 

Undergraduate students at the University of Washington Foster School of Business have invented—and are pre-selling—the “Swagga Suit,” a purple one-piece jumpsuit with a giant gold “W” across the chest… for grown-ups.

Foster’s entrepreneur student-founder Gillian Pennington (BA 2012) says, “We have gotten a lot of interest from UW alumni and have recently gotten more attention after being tweeted about by Jon Brockman.”

The adult onesie’s creation story: Earlier this year, a group of Foster students, led by Pennington, formed a company called SWAG (Sweet Washington Athletic Gear). They’re goal was to offer a different spin on sports fan apparel. According to the SWAG website: “After sitting in a locked room for a total of 13.5 hours we not only became good friends but we decided to produce jumpsuits… The sequence of events behind this decision is a little blurred but let’s just say things got weird and in the end here we are and here is our awesome product… The Original Swagga Suit!”

Will this bizarre unique fashion innovation sweep the world?

Seattle P-I has certainly noticed. So has Yahoo! Sports, NBC Sports, SB Nation, BuzzFeed and more other incredulous news outlets by the minute. (Doesn’t hurt that former UW basketball star Jon Brockman—now a Milwaukee Buck—was game enough to model the Swagga Suit in full flight).

Move over Snuggie. Huskies are bringing the Swagga!

Foster students win 2012 international marketing case competition

Thursday, March 22nd, 2012

On March 3, 2012, an undergraduate case competition team from the University of Washington Foster School of Business won the Intercollegiate Marketing Competition held at Simon Fraser University in Vancouver, Canada. Eight teams were tasked with developing a marketing plan for Zajak Ranch, a non-profit summer camp for disabled children.

Looking to become financially self-sustaining while attracting the next generation of donors and corporate sponsors, the camp had asked students to find ways to increase revenues during the winter months while also signing reoccurring monthly donors in the younger demographic. Teams were given only three hours to deliberate, design a full presentation and practice before immediately giving a 20-minute presentation with 15 minutes of Q&A. Only four teams would then move on to the final round where they would present in front of a panel of judges consisting of marketing professionals, members of the camp’s management, as well as the managing member of the Zajak family.

Foster’s team consisted of Allen Kuceba, Alex Diaz and Caitlin Snaring, all members of the American Marketing Association student organization. Kuceba is a senior with a focus in finance and entrepreneurship, Diaz is a senior focused on marketing and communications and Snaring is a junior focused on marketing and accounting. The three were selected from a pool of applicants from the UW American Marketing Association.

“I am extremely proud of this team. They worked hard practicing case analysis and presentation skills. With only three hours to prepare, they demonstrated the ability to critically analyze a business problem and develop a viable solution,” says faculty advisor Leta Beard, who coached the students.

Study abroad photo contest winners 2011

Thursday, December 8th, 2011

A picture is worth a thousand words. Every year University of Washington Foster School of Business undergraduate and MBA students study and work abroad as part of their business degree and sometimes the best way to convey the value of those experience is through a photo. The UW Global Business Center held a competition for the best student photos of 2011 travels. Here are the 1st and 2nd place winners in two categories – titles, captions, descriptions written by students:

  1. Foster Abroad: Photo that inspires others to study abroad or makes a statement about the student experience abroad
  2. My Global Lens: Views uniquely accessible to students living abroad – social issues, cultural interactions, city scapes, landscapes, etc.

Foster Abroad – 1st Place (tie): Olivia Arguinchona, undergraduate 
India

Good morning India!
This picture was taken at the Taj Mahal at around 6 AM in the morning. I don’t think there is any other place where I could have been so awake at this hour in the morning.

Experience abroad: This exploration seminar focused on women leadership and entrepreneurship in a country where women are commonly oppressed. Looking back on all I experienced, India has become a symbol of resilience for me. I met so many women who had found a way to lift themselves and their family out of desperate poverty, or who were, in poverty, surviving and planning for the future of their children. Our group delved into the topic of microfinance, something I know hope to pursue once receiving a degree.

Foster Abroad – 1st Place (tie): Olga Kachook, undergraduate
Johannesburg, South Africa

Shadows of Us
Biking through Soweto, one of South Africa’s most culturally rich and diverse townships.

Experience abroad: Life abroad beats to a different drum- restaurants serve food at a snail’s pace, transportation is a chaotic adventure, and many things are lost in translation. Sometimes these changes were exhilarating, and sometimes they were frustrating, but most of the time they just made you stop and question things you take at face value back home. The differences between places and cultures are what usually stand out, but ultimately studying abroad shows you both sides of the coin- not just differences but similarities too. Discovering our similarities to people half way across the world is what makes travel exciting.

Foster Abroad – 2nd Place: Stephan Chung, undergraduate
Cork, Ireland

Reppin’ the DUBYA after win #1
The first of many. UW’s Ireland Exploration Seminar representing the dawg pack in Ireland following our season opening win against the Eastern Eagles. Photo location: Kinsale Harbour

Experience abroad: I decided to go on this business summer exploration to Ireland after hearing raving reviews from everyone I ever talked to who went on the trip. We spent an amazing three weeks visiting large national business and touring Ireland’s cities, towns, and beautiful natural landscape. The Charles’ Fort at Kinsale Harbour where this picture was taken offered breathtaking views of the coast and an interesting piece of Irish history.

My Global Lens – 1st Place: Amanda Hamilton, undergraduate
Ahmedabad, India

Who Runs the World? (Girls)
Empowering a girl empowers the world. Providing education and opportunities to girls around the world is the key to the future. Location: A small, rural village outside Ahmedabad

Experience abroad: Traveling to India was the biggest eye-opener ever. The culture shock and awe-inspiring experience was, at times, overwhelming, but left me thinking so much more deeply about the issues going on in this world. Seeing the stark contrast between the rich and poor and meeting all these amazing women who are taking what they were given and being empowered to be the change in their own lives and communities is so entirely humbling and inspiring. It was amazing to see the people and programs who are truly trying to make a difference by empowering these women and giving them opportunities to affect change around them. The woman in this picture was part of a case study where we went and met with a group of women in a village who had been given solar lanterns and clean cookstoves to improve their lives and daily work.

My Global Lens – 2nd Place: Siena Cairns, undergraduate
Valdivia, Chile

Trapped Miners: 33+
Crawling deep into the suffocating tunnels of Cerro de Potosí showed me there were more than 33 miners living in the dark. Location of photo: Potosí, Bolivia

Experience abroad: The week I arrived in Chile was the week that 33 miners became trapped in the north. Although this was significant international news, it was hardly the only cause for attention across the nation. At that same time, leaders of the indigenous minority, the Mapuche, were entering their second month of a hunger strike and protesters were gathering blocks away from my university. In the midst of national turmoil, Chile was approaching its 200 year celebration as a nation and an election year. I was swept into all of this, and slowly over meals with my host family, classroom discussions, and chats with local friends, my understanding of Chile’s political, social, and cultural history grew until I really began to understand the weight of these pressing issues around me.

Touring the mines and engaging with miners was one of these eye opening experiences. The miners taught me how life in the mines is so demanding that there comes a day when you know little else. In this sense, they become trapped in those deadly tunnels, unable to leave the only lifestyle they know. When I left home to learn Spanish, I never expected to return with such an understanding of this foreign culture too.

See all photos submitted for the contest. Judges included nearly 30 faculty and staff members. Learn more about MBA and undergraduate study and work abroad opportunities via the Global Business Center.

Woodworth International Scholar Award

Wednesday, September 21st, 2011

Hoss_WoodworthCertificate of International Studies in Business (CISB) student Jennifer Hoss was happily surprised when she was called into Faculty Director Debra Glassman’s office one afternoon in spring quarter 2011. There, she found out she had been selected to receive the inaugural Woodworth International Scholar Award.

Funded by Bob Woodworth, emeritus faculty member in Management and Organization and former CISB Faculty Director, the $1,000 award, which comes with a globe-themed trophy, goes to a high-achieving student who excels academically, demonstrates bilingual/bicultural skills and has high potential to contribute to the U.S. balance of trade.

Jennifer was a sophomore entrant into the CISB program and served as Spanish Track Co-President in 2010-2011. She studied abroad in Granada, Spain in summer 2009, followed by a marketing internship at Cosmen and Keiless in Madrid in autumn 2009. After graduation in June, 2011, she traveled through New Zealand and Australia before beginning a job in the Product Marketing Department of Physio-Control, where she is Associate Product Manager.

Jennifer says, “This award was really a special surprise. The money allowed me to extend my travels and see even more of Australia and New Zealand. And the globe sits on my desk at my new job where I already have the opportunity to work on international projects. I can’t thank Mr. Woodworth enough for such an extraordinary honor.”

Learn more about the Certificate of International Studies in Business.

Students connect with professionals

Wednesday, September 21st, 2011

Costco Field TripThe Certificate of International Studies in Business (CISB) tracks have been exploring out-of-classroom activities by organizing field trips to local internationally-focused businesses. Many of these trips have been set up by partnering with CISB alumni. Not only is this a great way for alumni to get involved, it also allows current students to see where a CISB certificate can take them, and is a great way for them to learn more about some exciting local companies. Here are a few highlights:

Spanish Track:
In February, 2011, the Spanish track went on a trip to the Starbucks headquarters, where they met with CISB Spanish Track alumna Julie Anderson, Ethical Sourcing Manager in the Department of Global Responsibility, along with a colleague of hers. After being given a tour of the office, students were taken to the tasting room where they learned about the process Starbucks uses when choosing coffee beans to be used in production. They even got to sample some different coffee roasts for themselves! Students were then shown a short presentation highlighting the C.A.F.E. program for Ethical Sourcing, which ensures an overall ethical cultivation, distribution, and selling process.

Japanese and Chinese Tracks:
In January 2011, the Japanese and Chinese tracks had the opportunity to tour the new Seattle Amazon.com campus and learn more about this internationally-focused company. Carson Chu, a CISB Japanese track honorary alumnus, has worked at Amazon for six years and is now manager of the Shares Services Asia Department. He showed the students around the facility and talked about the company’s current activities and future vision. The students heard about Amazon’s current developments in the China market and how skills learned as a CISB student can be applied in the workplace.

After the trip, Carson invited two of the Japanese track members, both candidates for Amazon Financial Analyst positions, to meet with him and do mock interviews to prepare for the official job interviews.

The Japanese track also met informally with Costco CEO Jim Sinegal during a field trip to the company in May, 2011.

German Track:
Bob Vollbracht, Regional Director, UPS Supply Chain Solutions, hosted the German track at the Auburn, Washington facility in October, 2010. The students witnessed cross-dock transloading operations, got an up-close look at various trucks, containers, cargo and equipment, and received an explanation on warehouse inventory management.

Students Ashley Matsumoto and Darcy Lloyd said, “We are grateful for the many benefits that CISB provides, not only in preparation for international business jobs and careers but in helping us connect with our amazing alumni and local international companies.”

Learn more about the Certificate of International Studies in Business.

Video: Richard Tait on entrepreneurship and Cranium

Tuesday, July 26th, 2011

Cranium co-founder Richard Tait discusses his passion for entrepreneurship, the inspiration behind Cranium and his latest business venture, Golazo. He considers himself an inventor and at the top of his game when combining invention with entrepreneurship. Interviewed by UW Foster School of Business student Vance Roush (BA 2011), Tait offers inspiring insights about his leadership philosophy and how he captures trends to start new ventures.

“Entrepreneurship is about galvanizing teams of people around a mission. …the development and pursuit of a passionate dream,” says Tait. “I’m driven by a fear of failure rather than the glow of success. For me, it’s not about the prize, it’s more about the journey.”

Tait also believes everyone has a creative spirit and while society sometimes squashes that, it is in all of us.

This video is part of a series of entrepreneur interviews conducted by University of Washington undergraduate students who are involved in the UW Foster School of Business Lavin Entrepreneurial Action Program.

Canada wins 2011 Global Business Case Competition

Tuesday, April 26th, 2011

GBCC2011April 16, 2011 was an eventful day as the Global Business Case Competition hosted its 13th annual undergraduate case competition.  We were proud to host the entire competition in Foster’s new building and show off our new state-of-the-art home to visiting teams.

Each of the twelve Global Business Case Competition teams presented their analysis on how to make a water purification business in Tanzania profitable and how to expand the business to other African cities.  After a competitive preliminary round, four teams were selected to move on to the final round: University of Washington, Western Ontario University (Canada), Thammasat University (Thailand) and the University of Auckland (New Zealand).

With over 200 people from around the world in attendance, the final round of presentations was exciting to watch. In the end, judges chose University of Western Ontario (Ivey School of Business) as this year’s champion.

Congratulations to Foster School students on the University of Washington team for landing a spot in the final round: Kyle Bartlow, Jessica Henrawidjaja, Venkat Rao, and Melanie.

Foreign market strategy project

Tuesday, April 12th, 2011

Guest post by Mike Lawrence, Foster BA 2012 and Certificate of International Studies in Business Student Custom/Italian Track

2011 Forign Market StrategyBoeing Market Outlook Report was the focus of 2011 Foreign Market Strategy Project. Certificate of International Studies in Business (CISB) tracks competed in the fourth annual Foreign Market Strategy Project in winter 2011. Made possible by the Boeing Company with CISB alumna Ya-Han Brownlee-Chen as project manager, the project tasked students with examining Boeing’s Current Market Outlook Report and looking for both general and region-specific improvements that could be made to the report. In addition, it challenged students to improve the usefulness of the report to Boeing’s numerous supply chain partners around the world. CISB students had approximately five weeks to complete their research and then present their findings to a panel of judges which included Boeing Company representatives, Associate Dean Steve Sefcik and CISB alumni.

At the suggestion of Ya-Han, a coach from Boeing, Helly Hansen and Samskip IcePak were brought into the tracks to provide an industry perspective and guidance to the teams. Tracks got a lot of help and advice from the coaches. One student said, “Not only was our coach extremely helpful, but she invited us to tour her workplace this spring.”

All of the presentations were a delight to see, with each group bringing unique and often very creative ideas to the table. In the end, there were three awards distributed among the eight presenting groups. The Chinese team (Chinese Track) received the Grand Prize for Best Recommendation, while the Middle East (Custom Track) team received the reward for Best Presentation, and the Europe (German Track) team for Best Teamwork. In all, the project was an excellent experience for CISB students and Boeing alike, with Boeing receiving some quality ideas on how to improve their report.

The Chinese track presented their strategy to senior management and campus recruiters at Boeing on April 8. They also went on a VIP tour of the Everett facility,  met with recruiters at a networking lunch and had the privilege of meeting with Ian Chang, VP, China Operations and Business Development for Boeing Commercial Airplanes.

Have an idea for a future strategy project? If so, please contact CISB at cisb@uw.edu.
Learn more about the Certificate of International Studies in Business.

$22,500 awarded to clean technology winners

Friday, April 1st, 2011

Teams who won the 3rd annual University of Washington Environmental Innovation Challenge invented solutions to some of the world’s most pressing environmental issues. Wind energy. Electric car improvements. Biomass energy. Water purification. Algal biofuel efficiency. The 2011 event also had a range of other clean-tech innovations with 17 teams from Washington state universities (UW, WSU, WWU and SPU) competing. Undergraduate, graduate and PhD students from engineering, business, economics, philosophy and a number of other disciplines joined forces to tackle the environment.

VoltaicGrand Prize of $10,000 = Voltaic

A group of UW undergraduate engineers and business students created an electric vehicle modular drive train that can replace drive trains of gas-powered engines in existing models. The electric module can be customized to fit inside any car and the team displayed a Honda outfitted with its prototype electric engine to show how it powers the car.

2nd Prize of $5,000 = PotaVida

This UW PhD team (an electrical engineer, bio-engineer and policy analyst) created a device that measures water quality with a reusable, solar-powered electronic indicator for monitoring solar disinfection of drinking water. Their inexpensive indicator won a $40,000 design award last year and will be field tested in Bolivia this summer. PotaVida is advised by experts at PATH and Microsoft as well as UW professors.

Three honorable mention prizes of $2,500 each went to other UW interdisciplinary teams. Pterofin invented an affordable, more versatile alternative to wind turbines; the new device is lighter than current wind technology and harnesses wind energy at lower wind speeds. BioTek has a patented and patent-pending suite of tools to help optimize and scale the growing algal biofuel industry; their instruments and software are low-cost and field-ready. C6 Systems created a novel system to turn woody biomass into charcoal (or biochar) at forestry sites; their biochar can be sold to heating/electric plants or used as soil enhancement.

Starbucks VP of Sustainable Procurement Sue Mecklenburg, one of many business, science and venture capital judges at the event, said, “It just gets better every year.”

 

“The Environmental Innovation Challenge is supposed to be more than a university-level science fair. The goal is to be able to take these ideas into a real, revenue-generating business,” said James Barger, UW undergraduate mechanical engineering student who serves as VP of finance for Voltaic.

The UW Environmental Innovation Challenge is sponsored by the UW Foster School of Business Center for Innovation and Entrepreneurship, UW College of Engineering, UW College of the Environment and UW Center for Commercialization.