A controlled approach to leadership in Dubai and Abu Dhabi

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!


Posted by myriade - April 3rd, 2013 - 0 comments - Permalink



The paradox of reduce-reuse-recycle

2011 EIC Grand Prize Winner Voltaic shows off their electric vehicle drive train

2011 EIC Grand Prize Winner Voltaic shows off its electric vehicle drive train

Guest post by Daniel Schwartz, Chair, UW Department of Chemical Engineering

When I think Cleantech, my mind goes straight to the triangular logo on my waste container at work: “reduce, reuse, recycle.”  These three words are central to most enduring cleantech innovations, though sometimes in paradoxical ways.  “Reduce” is the most prone to paradox, since reducing one thing generally happens by increasing another. Let’s explore this “reduce” paradox via two well-known examples in that space.

In recent years, Washington has done a good job of reducing its greenhouse gas emissions. Today, the average American emits 41% more greenhouse gas than the average Washingtonian (2012 State Energy Strategy report). We reduced our emissions by increasing our reliance on hydropower. Here’s where the “reduce” paradox comes in. Increases in hydropower have led to fewer salmon in our waters. Thinking long term, if we want to grow our economy and further reduce our emissions while avoiding consequences like this, we’ll need major innovations in the cost and performance of solar energy and grid-scale batteries. And we’ll need to make sure those innovations don’t lead to a depleted Earth.

The same “increase-to-reduce” paradox holds in transportation. Hybrid and all-electric cars reduce emissions by increasing efficiency. The 787 Dreamliner reduces its fuel use, in part, by adopting the “more electric-aircraft” approach. Innovations in transportation electrification are largely tied to electrochemical energy storage and conversion (batteries, super-capacitors, and fuel cells) as well as control systems that enable vehicle-scale “grids” to operate reliably on their own and when plugged into a utility’s grid. Transportation electrification is currently going through painful growing pains. Have no doubt, we are just seeing the tip of the iceberg in transportation electrification, but as transportation electrification increases, we need to use foresight to adapt our current electrical infrastructure, or we’ll break it.

My colleagues at the UW Institute for Molecular Engineering and Science are among the leaders charting a sustainable energy pathway that balances technical innovation with the economic and social dimensions of scalable energy. Students, too, are looking at the paradoxes – the potential Achilles heels of cleantech – and finding potential for enduring innovations. I am looking forward to seeing how students at the UW Environmental Innovation Challenge apply their understanding of cleantech and “reduce, reuse, recycle” – paradoxes and all—  to innovations that will improve our world.


Posted by ellenp2 - April 3rd, 2013 - 0 comments - Permalink



Seeing the future with Ken Denman

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.


Posted by masses - April 3rd, 2013 - 0 comments - Permalink



The vastness of the Middle East

Guest post by Bruce Avolio, Executive Director of the Center for Leadership and Strategic Thinking and Marion B. Ingersoll Professor of Management. Bruce traveled with Technology Management MBA students as part of their International Study Tour to Dubai and Abu Dhabi.

I, like the students from Foster’s TMMBA program and staff, have visited many parts of the world. However, none of the staff or students had been to the Middle East. Of course, when we say Middle East, it’s like saying North America, in that the Middle East is made up of many different types of people, regions, climates and of course cultures. My goal for this trip was to develop our respective global mindsets as a basis for being a global leader—our assumptions, framing, perceptions and knowledge about other cultures. During our time in Dubai and Abu Dhabi, we certainly triggered A LOT of challenges to our respective global mindsets. Indeed, during our first corporate visit at Thompson Reuters, one of the top managers hosting us said, “Next time you hear the words—The Gulf—on CNN or Fox or where ever, I hope you consider how vast and diverse an area that reporter is referencing.” Boy was that ever an insight to retain in our global mindsets!


Posted by myriade - April 2nd, 2013 - 0 comments - Permalink



In the Spotlight: John Castle and Creating a Company

Guest post by Matt Wastradowski, Communications & Media Editor, Alumni Relations, UW Alumni Association

JohnCastleEvery year, Creating a Company, as the course is dubbed, becomes less a class than a crash course in entrepreneurship. Groups of eager students team up, form a company, apply for a $1,000-$2,000 loan from the Foster School of Business, and spend the next few months hawking their product or service to the wider world.

Past companies have sold goods ranging from Husky apparel to glass jars of cake mix; other companies have launched art galleries and driven students to the mountain passes for a day on the slopes.

At the heart of it all is lecturer John Castle, who has taught the class for the past 12 years – and who will retire at year’s end.

In 2001, Castle had stepped down as CEO from Cantametrix, a music software company he helped found, when a neighbor and former UW professor approached him about inheriting the Creating a Company course. With more than 40 years of business acumen, Castle didn’t lack experience: Before joining the UW, he had served as CEO of Hamilton-Thorn, a medical electronics and diagnostics company; cofounded Seragen, a biotechnology company; and was a partner in Washington Biotechnology Funding, a seed venture capital fund specializing in medical technologies.

Since then, he’s drawn on that extensive experience as would-be CEOS have created and developed dozens of companies. Castle’s only rule in approving companies and dispersing loans is “Do no harm,” meaning that students can’t, say, promote underage drinking by selling shot glasses to fraternities and sororities on campus. (This actually happened.)

When the class ends, students return any profits to the Foster School and can buy their company for $1 to keep it going. Few companies have outlived their academic years, but Castle knows the experience will remain long after grades are posted. “Whether or not they learn how to do it well, they will learn whether or not they want to start their own business.” Castle said. “This is as realistic of an experience of entrepreneurship as we can make it.”

Read on for a look back at some of the most memorable products and services offered by students during Castle’s tenure.


Posted by ellenp2 - April 2nd, 2013 - 0 comments - Permalink



Spiraling toward success

Adina Mangubat2Adina Mangubat (UW BS in psychology, 2009), CEO of Spiral Genetics, has “change the world” in her DNA, and the world is taking notice. In the past two years, Mangubat has been interviewed by news outlets like Xconomy and GeekWire, and featured on Forbes’ list of the top 30 under 30 in science and technology. Why all the attention? Spiral Genetics is using sophisticated algorithms, distributed computing, and a cloud-based framework to change the way DNA is analyzed.

In the most basic terms, there are two parts to processing DNA. First, DNA is extracted from blood or tissue and put into a sequencer that chops up and reads the DNA, resulting in millions of raw reads, “essentially text files of As, Cs, Gs, and Ts,” explains Mangubat. Next, these millions of text files are organized, analyzed, and compared to a normal DNA sequence to find unexpected variants. Researchers use these variants to identify gene mutations that are the cause of everything from color blindness to cancer.

Mangubat and her cofounders, CSO Becky Drees (UC Berkeley PhD in Molecular & Cellular Biology, 1995 and UW Certificate in Biotechnology Project Management, 2008) and CTO Jeremy Bruestle, have developed a platform that significantly speeds up the analysis process. Spiral Genetics can analyze in hours what has previously taken biologists days to complete using complicated open source software. “As far as I know,” Mangubat says, “we’re the fastest in the world. We can process raw reads down to a list of annotated DNA variants in three hours for a human genome.” This is especially significant as DNA sequencing gets faster and faster, and biologists are unable to keep up with the resulting mountains of analysis-ready data. Spiral Genetics is also highly accurate and scalable, able to detect genetic variations that most analyses might miss. “We’ve far ahead of the curve in our ability to handle datasets,” states Mangubat.

Another thing that sets Spiral Genetics apart is that its software is designed to analyze DNA for multiple species. As Xconomy recently pointed out, while similar companies are focused specifically on the human genome, SpiralGenetics also analyzes genomes for animals and plants, which could have implications in agricultural research and development.

Mangubat didn’t set out to become a leader in DNA analysis. Just four years ago, she was a senior who simply knew that she liked being an entrepreneur (she had been involved in two startups by that time), so she registered for Professor Alan Leong’s Technology Entrepreneurship class.  There she met Drees, who was interested in starting a genetic analysis company.

Drees and Mangubat joined forces and pitched Spiral Genetics as a consumer-genetics service in the 2009 Business Plan Competition, but soon realized they were late to that party and needed a new model. Mangubat took the pivot in stride. In a moment of inspiration, the team (including Bruestle) decided to bet on the fact that the research community would soon need software that could keep up with the increased speed of DNA sequencing, and Spiral Genetics was reborn.

Three years later, their bet is paying off. In early March, Spiral Genetics announced $3 million in financing from venture firm DFJ, have begun to scale significantly. “We’re in the process of essentially doubling the size of our team,” says Mangubat. The company currently has eight employees, but plans to double in size in the near future, adding more developers and a sales team, as demand increases. “The explosive growth of the market is driving our business,” she explains. “We’re about to get much bigger very quickly, which is exciting.”

As for changing the world, Mangubat is confident. “Long term,” she says, “my goal is to make the process of figuring out what raw sequence data means as easy and as fast as possible, and we are seriously getting there.” In the meantime, Spiral Genetics is already making its mark. “We’re working with groups that are doing pediatric cancer diagnosis – you can’t get much more meaningful than that.”


Posted by ellenp2 - April 1st, 2013 - 0 comments - Permalink



Driven by a mission, fueled by investment

Drew Tulchin2We’re all familiar with for-profit businesses, focused on the sales of a product or service, and motivated by value creation and financial return. We also know nonprofit organizations, focused on public needs, a social mission, and global impact, and supported by charitable dollars. But there’s an emerging middle ground: social enterprise. A for-profit/nonprofit hybrid, social enterprises use market-based practices and the discipline of business to support efforts that benefit people and the planet.

“There is a space in society for a social safety net,” says Drew Tulchin, founder of Social Enterprise Associates, a management consulting firm that helps organizations raise the capital they need to achieve their social and environmental goals. Traditionally, this space has been the domain of the nonprofit sector, but as need continues to increase, there is not enough philanthropic money to support the growing nonprofit marketplace. Social enterprises avoid this problem by forgoing a donation-only model in favor of market-based efforts to sell products and services that earn income. “It’s a pretty basic economic proposition,” explains Tulchin. “Where can a mission driven entity find more money to do the things it needs to do if donations aren’t enough? The answer is in risk capital.”

Social Enterprise Associates helps entrepreneurs of for-profits and nonprofit entities become game ready to attract investment. Tulchin says that while social impact is attractive to many investors, mission-based organizations may be far more accustomed to appealing for donations and lack the business skills needed to secure capital.  “It’s very important for organizations that are trying to ‘do well by doing good’ to actually do well,” he explains. “Take the discipline of business, of a well-run organization, and do that first. Once those elements are in place, investors are more likely to see a social enterprise as investment-worthy.”

When Tulchin entered the MBA Program at the UW Business School in 1998, he’d never heard the term “social enterprise.” All he knew was that he had a goal—to make the nonprofit model work better—and he believed in using the power of business to achieve it. “I came in trying to solve this puzzle,” he says, “and the University of Washington was a fantastic place to do it.” Tulchin learned from accomplished leaders in Seattle’s growing social entrepreneurship community (including Paul Shoemaker of Social Venture Partners and Gary Mulhair of Pioneer Human Services) that there was opportunity at the intersection of nonprofits and for-profits for mission driven businesses.

After business school and a brief stint with a Bluetooth start-up company, Tulchin focused his career on social enterprise. He joined Prisma Microfinance, where he co-wrote a Global Social Venture Competition award-winning business plan and raised $1.2 million in private equity to launch subsidiaries in Nicaragua and Honduras. He went on to work as a program officer and founder of the Capital Markets Group at the Grameen Foundation, and directed a U.S. microfinance organization in Washington DC before starting his own firm in the early 2000s. Social Enterprise Associates was incorporated in 2007.

Six years later, the company is a leader in social enterprise consulting, working with nonprofits, for-profits, foundations, and government entities throughout the U.S. and around the world. The firm’s recent consulting projects have including working with banks in Afghanistan, providing strategic planning for Native American housing organizations in New Mexico, and helping a mobile grocer bring healthy food to rural communities. Social Enterprise Associates was named a 2011 “Best For the World” Small Business by B Lab, which certifies businesses as “B Corporations” that meet standards of social and environmental performance, accountability, and transparency.

Tulchin is perhaps most proud of having advised numerous social enterprises on raising the money needed to accomplish their missions. Most recently, the firm helped close $250,000 in debt for Sea2Table, a family-owned sustainably-caught fish distributor, and is securing $1 million for Florida-based Solar and Energy Loan Fund, supporting efficient home improvements. “Raising money for social entrepreneurs is fantastic,” says Tulchin. “It’s something I’m fortunate enough to wake up and do every day.”


Posted by ellenp2 - April 1st, 2013 - 0 comments - Permalink



Enliken: putting an end to surreptitious data

Avniel Dravid2Have you noticed that since you clicked that YouTube link for Nora the Piano Cat, you’ve been seeing significantly more online ads for pet food? Or that after you googled “cheap airline tickets,” every site you’ve visited seems to be advertising them? Or that once you bought 50 Shades of Gray, Amazon started suggesting products like . . . well, you get the idea.

Every day, online advertisers target internet users with ads for specific products and interests based on information they glean from our search data—the websites we visit, the amount of time we spend on a specific page, the links we click on, the content of our inboxes.

For most of us, this “behavioral targeting” feels like an invasion of privacy. According to Avniel Dravid (UW MBA 2007), cofounder of Enliken, a Seattle- and New York-based start-up that aims to give consumers control of their internet search data, it’s also inaccurate. Dravid explains that when you visit a website, that company can take what you’re browsing and sell the information to a third party. “Advertisers then buy that information and use it to advertise to you,” he says. But these advertisers can’t measure the accuracy of the search data they purchase, which is why they think you’re in the market for a blender, when really you just wanted to watch a Blendtec puree that iPhone 4s. As Dravid puts it, “You may think I like Nike shoes, but really I like Reeboks. I’m just looking at Nike shoes. It’s not great data. It’s almost garbage in, garbage out data.”

Enliken addresses this problem by giving consumers a way to inform advertisers of their preferences. As the company’s website states: “We believe a small amount of information shared willingly is worth more than a mountain of data gathered surreptitiously.”

Enliken’s model is fairly straightforward. By installing a free plugin, users can view the search data being collected about them, deciding which data they want to share with advertisers and which they want to keep private. In exchange for sharing that information, consumers will collect reward points, which they can use to pay for digital content from online retailers or publishers.

Enliken is free for consumers. Revenue will come from advertisers. Dravid explains advertisers want their online advertising to be more relevant, and he believes that advertisers will pay to receive quality data about their customers, straight from the source.

In the meantime, Enliken has already released its first product, Enliken Discover, built by Dravid and cofounder Marc Guldimann during a summer spent traveling around Europe. It’s a teaser as to what the company will offer once they’ve built partnerships with consumers, online retailers, and publishers. The two cofounders have also secured $250,000 in angel investments and plan to raise another $250,000, all to keep you safe from advertisers who target you with ads for the latest BMW, just because you bought some turtle wax for your Tercel.


Posted by ellenp2 - April 1st, 2013 - 0 comments - Permalink



The path less traveled in Shanghai

Guest post by Tim Anderson, Foster School and Certificate of International Studies in Business alumnus

Tim AndersonAfter graduating with degrees in business administration and Japanese linguistics as well as completing Certificate of International Studies in Business’s (CISB) Japan track program, I honestly didn’t think I’d end up living in Shanghai, China for the past nine years. However, ending my undergraduate studies on the eve of a burgeoning recession in the U.S., and a full-blown recession in Japan, it seemed like the path I’d set myself up for wasn’t so clear cut anymore.

At first, I was considerably lucky and managed get a nice job working in the marketing department at an international PR firm located downtown by the Pike Place Market. The experience was great and taught me a lot, but as good as it was, it still wasn’t what CISB and the Foster School of Business trained me to do: be a truly international entrepreneur.

About a year into that first real job, I was given an opportunity to help start up a language school in the city of Shanghai. Admittedly I was nervous about taking the offer because although I had spent time in Japan and a couple other parts around Asia as a student, I had no idea what to expect of China. In the end though, my love of Asia proved to be overwhelming so I packed my bags for a new life in a new place with a new language to learn.

The people I’ve met and business challenges I’ve overcome in the past nine years has made my decision to live here well worth it. Since moving here, I’ve found my place amongst the locals as well as the expat community, and have really been able to put my business studies to work. I’m currently managing the marketing operations for an international clothing brand that is trying to break into the China mainland market. The business environment in China is fast-paced and filled with unforeseeable challenges, yet extremely rewarding if know how to play your cards right.

I can’t thank CISB and the Foster School of Business enough for preparing me for the wild journey my life has taken this past decade. I hope many future graduates will be inspired to challenge their comfort zone and follow the path less traveled as I and other alumni have done. In the end, it’s especially gratifying to know I am part of a community of CISB and Foster graduates who are also experiencing what I am experiencing, connected by a common bond.

Learn more about the Certificate of International Studies in Business Program.


Posted by masses - March 27th, 2013 - 0 comments - Permalink



It’s about the journey in Granada

Guest post by Sam Mutty, Foster senior and Certificate of International Studies in Business student

GranadaThroughout my life I’ve been blessed with opportunities to travel the world, from the rural towns of Ecuador to the city of Novosibirsk, still recovering from the fall of the Soviet Union. With each trip abroad I’ve been given a new perspective on the world, how I relate to those around me and ultimately how I define myself. However, after all the experiences I’ve had around the globe, nothing has been comparable to the time I’ve spent and what I’ve learned in Granada. A picturesque city nestled in the rolling hills of Andalucía; the whitewashed houses of Albayzín stretch up toward the sky on one side and the snow-capped peaks of the Sierra Nevada on the other. There’s life everywhere in the city and a vibrant, optimistic attitude despite the current state of the Spanish economy. A quick stroll through the streets is like walking through an urban art gallery, from the ultra detailed murals of “el niño de las pinturas” to the political graffiti claiming that student scholarships are equivalent to the mythical unicorn. Yet, even though the city itself has so much charm about it, what I’ll take away most from my experience here can’t be captured in photographs.

I’ve gone through the typical ups and downs of traveling abroad, the initial excitement to the bout of homesickness and ultimately realizing just how blessed I am to have this opportunity. Overcoming the language and cultural barrier to really connect with people is by no means an easy task, but through it I’ve gained a new understanding of cultural differences and how they affect interactions between people. At first glance I don’t appear particularly different than any Spaniard, and have even been mistaken for one a few times, but there’s no doubt that differences—from the songs we learn as children to our native language—have left me feeling like an outsider on more than one occasion. However, rather than try to avoid these instances, I’ve learned to actively seek them out. I live in an apartment with three Spaniards, spend my siestas eating lunch and drinking coffee with Spaniards and go out with Spaniards. While I miss the occasional joke, and am often the brunt of them, I wouldn’t dream of trading my experience for a more Americanized one. Not only has my Spanish vastly improved but I’ve had a glimpse of the time and energy it takes to fully assimilate into a foreign culture.

The experience I’ve had in Granada has made me much more open to different cultures and viewpoints. I’ve learned that when communication and common ground can be hard to come by, sometimes a smile or quick joke is all it takes to make a connection. No matter where we come from or what experiences we’ve had, we all share a basic human nature and are social beings. Whether we’re in school, at work or walking down the street, the differences between us shouldn’t drive us apart, but be appreciated and celebrated. All it takes is one person taking the initiative. I encourage anyone interested in studying abroad or exploring other cultures to take that first step and see where it takes you. The old cliché, it’s not the destination but the journey, couldn’t apply more to this type of experience. Open your mind, put yourself out there and see what you can learn about the world and yourself.

Sam is studying abroad through the Certificate of International Studies in Business (CISB) Program.


Posted by masses - March 22nd, 2013 - 0 comments - Permalink