Tag Archives: international business

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.

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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.

 

Study abroad photo contest winners 2014

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: Foster Abroad and My Global Lens.

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1st Place Foster Abroad: Hitchhiking in George Town

Experience abroad: Jeremy Santos, Foster School Exchange Program at the National University of Singapore.  Studying and living abroad gave me the opportunity to see, hear, and taste new things. The experience knocked me off my feet!”

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2nd Place Foster Abroad: Dawg Pack in Prague - Our program contributed to the Lennon Wall in Prague by spray painting a W and showing our Husky spirit abroad.

Experience abroad: Jessica Gardner, UW CHID Program in Prague.  “I spent 10 weeks studying abroad in Prague and visiting surrounding areas learning about how different groups and countries learn about history and how this represents who they are today. I immersed myself in Eastern Europe culture and felt that I gained a greater appreciation for different cultures and discovered how I want my business career to be internationally focused.”

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1st Place My Global Lens - The Last Potter: This man was the last potter in his village, as his only son pursued a different career. I love how his grin shows how proud he is of his work!

Experience abroad: Alexandra McCarthy, Foster School Exploration Seminar in India.  “Studying abroad in India was nothing short of amazing. I absolutely fell in love with the people and the culture. From their colorful clothing to breathtaking temples, India is by far one of the most beautiful countries I’ve been to.”

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2nd Place My Global Lens – A Man and His Dog: It’s not every day that you get to wander through the mountains of Northern Spain. Even more rare is meeting this man who has lived in a stone hut in the mountains his whole life, swapping stories over the cheese he makes from the cows that roam nearby, using smiles to convey what my broken Spanish could not.

Experience abroad: Bonnie Beam, Foster School Exchange Program at the University of Navarra in Spain.  “My time abroad has been challenging, awkward, hilarious, embarrassing and most importantly, has opened my eyes to things I would have not seen otherwise. I have been humbled by how much I have to learn and am extremely grateful for every single person who has taken the time out to teach me something new; from teaching me a simple phrase to showing me how to play pádel to divulging the secret to making the perfect roscillas, I am a better person because of it all and I owe it to the lovely citizens of Pamplona. I have realized that I will never stop learning as long as I continue in humility and take advantage of every opportunity that comes my way.”

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.

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!

The Global Team is GBCC 2014 champion

Nick Schuler (UW), Jarred Adams (FSU), Mathea Hubert (NHH), and James Lam (CHUK)
Nick Schuler (UW), Jarred Adams (FSU), Mathea Hubert (NHH), and James Lam (CHUK)

Four students representing four different universities and three continents made up the ‘Global Team’ that took home the trophy in the 16th annual Global Business Case Competition (GBCC) on Saturday, April 12th.

Each of the twelve student teams that competed in GBCC spent 48 hours analyzing a business case on Nike’s sustainability and labor practices. The students were asked to identify three countries where Nike should shift its production. Teams had to justify their choices by explaining the advantages and tradeoffs of candidate countries in terms of sustainability and labor practices, as well as costs and other competitive factors. They also had to address ways in which Nike could implement traceability of its supply chain for collegiate apparel.

Of the four teams selected to move on to the final round, the judges chose the ‘Global Team’ as this year’s Champion. Unlike the other competing teams who came from just one university, the ‘Global Team’ was made up of one student from the Chinese University of Hong Kong, Florida State University, NHH Norwegian School of Economics, and the University of Washington. They met for the first time just days before their final presentation.

Multicultural teams are now a reality of both the classroom and the professional environment. The Global Business Center began the ‘Global Team’ tradition eight years ago to bring students from around the world together to work as a team. The judges said that the team’s final presentation clearly benefitted from their diverse backgrounds and experiences. In eight years, the Global Team has placed in the finals four times, and now they are GBCC Champions!

The Global Business Center would like to acknowledge the hard work of our GBCC Student Leadership Team who spent countless hours organizing this event. Co-chairs Lisa Dang and Connor Harle were exceptional leaders for over 100 students that were involved this year.

Finally, GBCC would not be possible without our major corporate sponsors: The Boeing Company, Costco Wholesale, F5 Networks, Fluke Danaher Corporation, Russell Investments, Starbucks Coffee International, and Wells Fargo.

CISB student profile: Robby Ryan

Robby Ryan is a senior at the University of Washington Michael G. Foster School of Business, pursuing an option in finance and a minor in Spanish. He is also taking the Certificate of International Studies in Business, Spanish Track.

Robby began studying Spanish during his freshman year at Juanita High School in Kirkland, Washington, and always had the goal of gaining fluency in the language. Upon arriving at the UW, he decided to combine his passion for language, travel and business by joining the Certificate of International Studies in Business Program. After completing second-year Spanish courses, he studied abroad in Santiago, Chile in 2012 as a participant in the semester-long direct exchange program at the business school of the Pontifical Catholic University of Chile. His study abroad experience gave him the opportunity to immerse himself in the Spanish language and Latin American culture, make friends from all over the world and gain first-hand international business experience.

Last summer, Robby worked as a bilingual intern in the Regulatory Affairs Department at Starbucks Coffee Company, where he focused on product registration and labeling in Latin America. Robby credits the CISB program with giving him the language skills and cross-cultural experience he needed to be successful in his internship.

Robby will graduate in the spring of 2014. After graduation, he plans to return to South America to see the World Cup, visit friends and travel as much as he can. In August, he will return to Starbucks, where he has been hired as a quality assurance specialist.

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.