A team of MBA students from the University of Washington Foster School of Business took third prize at the fifth-annual MBA Case Competition in Ethical Leadership at Baylor University November 18.
The competition challenges MBAs to demonstrate ethical leadership in a practical business dilemma. This year’s case was based on a recent, real-world, ethics scandal. Teams were charged with creating a path for News Corporation to rebound from its phone-hacking mess and reemerge as an ethical leader in the media industry.
The Foster team of second-year MBAs Krister Fardig, Jeremiah Marks, Jesse Robbins and Henry Vogler recognized that no cosmetic fix would do the job. To address the root problem—an organizational issue with ethics—they recommended that News Corp directors implement what they called the “audit and continuous improvement of ethics (ACE) model.” This external and internal auditing process enables increased accountability, increased visibility and better performance when it comes to managing ethical behavior.
Robbins, a veteran of three case competitions as an undergrad at the Foster School and five in his first year of the Full-Time MBA Program, said that the team was well prepared by the program’s rigorous core curriculum. He also credited Foster’s business ethics professor Scott Reynolds, who armed the team with an ethical framework that helped them identify the solution that hit closest to the sweet spot where technology, strategy and ethics intersect positively.
The Foster MBAs competed with teams from Auburn University, Baylor University, Iowa State University, Pepperdine University, Texas A&M University, University of Florida, University of Illinois, University of Iowa, University of Minnesota and University of Texas. Illinois and Florida took first and second places.
Tags: business ethics