Tag Archives: CISB

A view of Japan from the Top: Event with Former US Ambassador to Japan, John Roos

Guest post  by Nick Dwyer, Foster MBA Candidate, 2016

Before enrolling in the full-time MBA program at the Foster School this fall, I often heard full-time business students characterized as “day students”. But with the vast number of engaging presentations, speakers’ series, networking opportunities and other evening events at our disposal, I now realize this was a misnomer. While I’m not currently taking any evening classes, my on-campus education rarely ceases before 6PM.  Perhaps my most notable example is the evening of November 20th, when I had the opportunity to hear from the former US ambassador to Japan, John Roos.

tateuchi_2014-roos-062
Ambassador Roos came to the Foster School as part of the Tateuchi Foundation Asian Business Distinguished Speaker Lecture, a series of annual speeches by business leaders focused on presenting US-Japan business opportunities.

By partnering with the Tateuchi Foundation, we can honor the legacy of Mr. Tateuchi’s business success and further the Foundation’s goals of promoting international understanding, knowledge, and relations.

The event is made possible by the Tateuchi Foundation, a family foundation charged with building bridges of understanding between the United States and Japan. Given this mission, its unlikely there is a more fitting presenter than John Roos, who served in his role as ambassador to Japan from 2009 to 2013.

One of the most interesting points of Ambassador Roos’ presentation was his atypical professional background for an ambassador. Unlike most American ambassadors to Japan, John Roos never held a significant public office before his ambassadorship and was not a political figure in Washington, DC.  Before Japan, Roos was a lawyer in Silicon Valley, where as CEO he led a premier technology law firm.

He explained that he was such an outsider that his wife quipped that he “didn’t have a chance in hell” before formally receiving his nomination for the post. But his less than common background was appealing to President Obama, who appreciated his experience in technology and innovation and his understanding of Asia-Pacific business. “But most of all, it was just a matter of trust” Roos confirmed.

tateuchi_2014-roos-120As someone who has always been interested with the economy of Japan, I particularly enjoyed watching Ambassador Roos interact with Japanese students in the Q&A part of the evening. What emerged was a major difference of opinion between the state and potential future of Japan. Several students commented they felt pessimistic about the future of Japan, given the weak economy, the high population loss, and the high national debt. Ambassador Roos reminded them that Japan is still the third largest economy in the world and that 90% of the world would trade places with them. When asked what is the best characteristic of Japanese business, Roos stated that “quality and attention to detail permeate the whole society” and there is a very high level of service, which can continue to drive the Japanese business.  He also sees the Japanese business culture beginning to address its lack of entrepreneurial thinkers and businesses, which will be key for future economic growth.

While Japanese business was a major conversation point for the evening, Roos also discussed a number of geopolitical issues, including the thorny relationship between Okinawa and the United States, the dispute between Japan and China over the Senkaku Islands, and North Korean threat to Japan. He also described the biggest challenge of his ambassadorship; the 2011 Japan earthquake and tsunami. The link between national security and economic wellbeing was not lost on the ambassador, as he frequently pivoted between both topics.

In all, Ambassador Roos painted a complex yet optimistic picture of Japan and Japanese businesses. His belief in the country is illustrated by his current position on the board of directors at Japan’s largest electronics company, Sony. While Japan has to overcome it’s shrinking population and stiff competition, his ambassadorship allowed him to see up close what makes Japan so dynamic.

While I certainly don’t wish to underestimate my daytime classes and activities, Ambassador Roos certainly demonstrated that learning about global business doesn’t necessarily slow when the sun sets at Paccar Hall.

 

Foster School students win 2nd place at BYU Business Language Case Competition

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Saya Kashiwamura, Janet Yang, and Gail Letrondo represent the University of Washington at the 2014 Brigham Young University Business Language Case Competition in Provo, Utah.

Although belated, the Global Business Center would like to extend an enormous congratulations to Janet Yang, Gail Letrondo, and Saya Kashiwamura who won 2nd place in the Chinese track of the BYU Business Language Case Competition on November 7th.

The Brigham Young University Business Language Case Competition is a unique opportunity for students to showcase their business acumen and foreign language skills by analyzing a real-life global business problem, and presenting their solution to a panel of judges made up of international business professionals in a non-native language.

These three young women competed against teams from prestigious universities across the country. They did an outstanding job analyzing the case and presenting their solution – in Mandarin Chinese! Judges were impressed by the insightful and innovative problem solving and detailed financial reports presented by the University of Washington team.

Student teams develop innovative solutions to increase profitability of the world’s largest festival

Photo of Winning Team
2014 Winning Team members Michelle Hara, Zach Bickel, Erica Cheng, and Crystal Wang with Larry Calkins of Holland America Line

Did you know that during the 16 day Munich Oktoberfest an average tent with 7,500 seats sells over 4 million euros worth of beer?

This weekend at the  2014 Holland America Line Global Case Competition, over 100 Foster School undergraduates grappled with how to increase the profitability and global reach of Oktoberfest, the world’s largest festival. The Global Business Center is pleased to announce that this year’s competition was a great success!

Teams played the role of outside consultants hired by the Munich Oktoberfest Organizing Committee to develop a strategy recommendation to increase profitability of Munich Oktoberfest. Teams spent 48 hours developing their background analysis, and on Saturday November 15th presented their recommendations to panels of community member judges. The top four teams were selected to move on to the final round.

After watching the final round teams present, the panel of six finalist judges determined a winner. This year’s deliberation was particularly challenging because each of the finalist teams had an insightful and innovative recommendation.

Team 2 members Zach Bickel, Erica Cheng, Michelle Hara, and Crystal Wang, were named the 2014 Holland America Line Global Case Competition Champion, and awarded $1,000. Their recommendation to increase profitability of Oktoberfest was to replicate the festival abroad, specifically in Munich’s Sister City, Sapporo, Japan. Their team determined through detailed analytics that a Sapporo Oktoberfest would prove successful due to existing infrastructure, socioeconomic factors and a strong cultural identity.

This year we had seven outstanding freshman teams participate in the ‘Freshman Direct Track’ of the competition, where only teams of Foster School freshman compete against one another. Judges were blown away by the extraordinary recommendations the freshman teams developed.  The title of Freshman Winning Team and an award of $500 was achieved by Christopher Cave, Carly Knight, Jennifer Louie, and Molly Mackinnon.  We are excited to see these students getting involved so early in their Foster careers!

The Holland America Line Global Case Competition is an introductory case competition and an exceptional learning experience for Foster School students. It provides an opportunity for students who have never competed in a case competition to ‘get their feet wet’. This year learning opportunities included a ‘how to approach a case competition’ training session, taught by Foster School faculty member Leta Beard, and a coaching round which provided teams the opportunity to get feedback on their presentation from business community and faculty coaches before presenting in front of the judges panel. Thank you to all of our volunteers who made the event possible!

Visit our website to find out more and learn how to get involved next year.

The Global Business Center would like to thank Holland America Line for their generous support of this unique educational event for Foster School of Business students. Holland America Line is a leader in the cruising industry and a longtime supporter of the Foster School of Business.

UW Global Business Center retains elite status as CIBER

The University of Washington’s Global Business Center is pleased to announce its selection as one of only 17 Centers for International Business Education & Research (CIBER) as designated by the U.S. Department of Education.

The CIBERs were created by Congress in 1988 to increase and promote the nation’s capacity for international understanding and competitiveness. The Global Business Center, housed at the Michael G. Foster School of Business, has been a grant recipient since 1990.  The competition this year was fierce as the pool of available grants had been reduced from 33 to just 17.

Securing the CIBER grant enhances the Global Business Center’s capacity to develop business leaders with the knowledge, skill and vision needed to collaborate and compete across the globe.  “Global Business education is critical to the future success of our students and to U.S. competitiveness,” said Dean Jiambalvo. “Creating learning opportunities that build global business expertise is a top priority of the Foster School of Business. We are grateful to the U.S. Department of Education in supporting this priority.”

The Global Business Center will leverage this grant funding to draw on the strengths of the UW in implementing thirty-six new initiatives over the next four years with a focus on: (1) understanding Asia-Pacific markets; (2) the role of supply chains in global trade and investment; and (3) experiential learning for career-readiness.

  • Some of these new initiatives include:
    Career-focused study abroad and global experiential learning opportunities for students.
  • Programs that support faculty research and teaching related to the business, economic and cultural environments of Asia.
  • Education for the business and academic communities about new Arctic trade routes.
  • Global Career Pathways Programs that prepare community college graduates for careers in international trade, supply chain management, and cybersecurity.

The four-year CIBER grant will also allow the Global Business Center to build on its core competency of delivering outstanding student programs such as MBA Global Business Study Tours, the nationally ranked undergraduate Certificate of International Studies in Business, and the Global Business Case Competition.

“This award reinforces the strengths of the Foster School’s top ranked international business specialty programs,” explains Debra Glassman, Faculty Director of the Global Business Center. “We are honored to remain a part of the national CIBER network and look forward to producing more innovative global opportunities for students, faculty and the community.”

Putting together this winning proposal and rolling out these new initiatives would not be possible without the immense support that the Global Business Center receives from numerous individuals, community and corporate partners, and the University of Washington.  Thank you to all of our supporters!

Merci * спасибо *  Gracias  * 감사드립니다 *  Danke * 謝謝 * Ngyabonga
ありがとう* Grazie * 謝謝各位 * Spasibo * σας ευχαριστώ * THANK YOU!

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.

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.

Students take 3rd place in BYU’s Business Spanish Competition

BYU Spanish TeamThis November, the Foster School of Business sent a team of students to compete in the Brigham Young University (BYU) Business Language Case Competition. What is unique about the competition is that it is conducted entirely in a foreign language. Student teams, consisting of non-native speakers, read and analyze a business case written in Spanish, and then present their solutions and answer questions in Spanish.

The Foster School team won third place this year and five hundred dollars. Team members Amanda Baker, Josh Twaddle, and Brandon Upton all studied or interned abroad in Spain, which greatly improved their language skills and gave them the confidence to tackle this case challenge.

The business case they worked on focused on the current market for organic foods. The team was to determine if there is a role for Walmart in this market segment. Brandon shared that their analysis “noted two main problems facing Walmart – first, Walmart has weak brand equity, and second, Walmart lacks an urban presence, which is where most consumption of organic food occurs. However, Walmart had strengths in its supply chain.”

Based on their analysis, the team recommended that “Walmart should launch an entire new line of organic stores that are stocked with products from local farms. By leveraging its supply chain, it could centralize foodstuffs from those farms in a distribution center, and then redistribute to city stores. These new stores would only be in leading urban areas in the U.S., including San Francisco, New York City, and Washington D.C. This ties Corporate Social Responsibility (empowering local farmers with urban demand) to generating new revenue streams from a premium market for Walmart.”

The BYU judges said that the Foster School team took a very innovative approach, and they really appreciated that the team even produced some of their own market research.

Photo: Foster School Faculty Coach, Bob Dawson, with student team members Brandon Upton, Amanda Baker, and Josh Twaddle.

Study abroad photo contest winners for 2013

Over 300 University of Washington Foster School of Business undergraduate and MBA students studied or interned abroad last year.  These photos and short descriptions are a small taste of the transformative educational experiences these students have each year.  The UW Global Business Center held a competition for the best student photos in two categories:

  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, landscapes, etc.

1st Place Foster Abroad: Kurt RiRicketts_India_FAcketts, Undergraduate; India Business Exploration Seminar

Namaste: What I didn’t expect was that by the end of my visit, India would have me in her grip, refuse to let go, and in exchange for my experience, instill a drive in me that would demand a call to action.

Experience abroad: What an experience. You expect to be challenged, but you don’t expect to be awakened.

 

 

bell_brazil_FA2nd Place Foster Abroad: Kainen Bell, Undergraduate; Brazil Business Exploration Seminar

A Dream Come True: This moment was surreal because ever since high school my dream was to travel to Brazil, but I didn’t think it was possible because no one in my family or community had ever done so. Despite my circumstances I heavily pursued my dream and was accepted in the Brazil program,  received scholarships to pay for it, and was the first in my family to study abroad and now I am a living proof that dreams really do come true, but you can’t be afraid to pursue them.

Experience abroad: My Study Abroad Experience in Brazil was life changing. During the trip my perspective was changed. I saw how essential it was for the Brazilian to learn other languages to and know about global news, while I just knew English and a little Spanish. It made me value different languages and cultures more.  Meeting with Brazilian students was a great experience and cultural exchange – even though we were from different parts of the world, we could still relate to each other and have fun. Overall, I was inspired by this trip and mind blown.

Marks_Argentina_GL1st Place My Global Lens: Kate Marks, Undergraduate; Buenos Aires, Argentina

Convergence: Argentina struggles to reconcile their “dirty” past of military dictatorship with the hopeful future the election of Pope Francisco brings to the country. Taken March 24, 2013, the day of national remembrance of the “disappeared persons”, Buenos Aires, Argentina.

Experience abroad: Living and studying in Argentina gave me an unparalleled perspective of what it is like to live with an unstable government and economy. Populism is still alive and well in Argentina, well after the fall of many other Latin American military dictatorships. I spoke with and befriended many young people who see a different future for their country–which now seems possible with the election of the first ever South American (specifically, Argentine) pope. The convergence of Argentina’s violent and unstable recent history with the new movement towards democracy and change created a dynamic and complicated environment in which to live and observe.

Bozeman_Spain_MGL2nd Place My Global Lens: Ashley Bozeman, Undergraduate; Leon, Spain

Las Medulas: An unexpected gold mine in Northern Spain.

Experience abroad: I had a wonderful experience abroad with my 12 amigas from UW, our loving and caring host families, and awesome Spanish teachers at the UW Leon Center in Leon, Spain. These were some of the most rewarding and fun three months of my college career and I would encourage anyone and everyone to study abroad during their time at the UW.

See all photos submitted for the contest. Judges included over 40 faculty and staff members. Learn more about MBA and undergraduate study abroad opportunities at the Foster School.