Tag Archives: international 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.

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.

2013 Holland America Line Competition: Students tackle global HR issues in 48 hours

Winning TeamThe Global Business Center is proud to announce that the 2013 Holland America Line Global Case Competition was a great success! The 24 teams made up of over 95 Foster School undergraduates presented in a preliminary round to corporate, alumni, and faculty judges on Saturday, November 16th. The top four teams were selected to move on to the final round of competition.

The judges all agreed that the case this year was particularly challenging as it dealt with global human resource management issues for Maersk. Headquartered in Copenhagen, Maersk is a global conglomerate with large shipping and oil and gas businesses. As Maersk’s businesses become ever more international, the company wants to increase the geographic diversity of its work force. Our competing student teams played the role of Maersk managers who were tasked with the following:
• Setting geographic diversity goals
• Recommending recruitment and retention strategies designed to achieve the goals
• Developing measures of progress towards these goals (key performance indicators)
• Estimating the costs of the recommended strategies

Of the four outstanding finalist presentations, Team 3 made up of Tara Ghassemikia, Sam Tanner, and Demetra Xenos took home the gold, winning the Holland America Line Global Case Competition and $1000. The winning team’s solution recommended that Maersk recruit in strategic growth markets for shipping and trade including Brazil, Russia, India, and other Latin American countries. Their three-tiered strategy was to “recruit, recognize, and retain.” They also recommended an annual international event to develop and recognize leaders called the “Maersk Reunion.”

For the second time this year, we also had teams of Foster School Freshmen Direct students compete in their own track to win the Freshman Direct Champion title and $500. Seven freshman teams competed, and the winning Freshman Direct Track team was Jessica Gilmore, Adam Kinkley, Ashley Kuhn, and Joseph Rebagliati. We are excited to see these students getting involved so early in their Foster careers!

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.

Japan update: opportunities for 2014 and beyond

Guest post by Ashley Bozeman, senior studying international business and marketing

7C5A3151On Thursday, October 17, I and other students and faculty from the University of Washington had the privilege of enjoying the “Japan Update: Opportunities for 2014 and Beyond” discussion with Koichi Hamada, Tuntex Professor of Economics, Yale University, and Joseph A. Massey, Professor Emeritus, Dartmouth College. Both are esteemed professors with years of international business and economic policy experience. Needless to say, I think many of us Certificate of International Studies in Business (CISB) students were a bit intimidated. I am happy to report that they were far from intimidating; they had everyone laughing throughout and left all of us inspired and optimistic for the future of Japan.

This event was a great eye-opener to some of the problems Japan is currently facing. We had the opportunity to learn from Professor Hamada, Advisor to Japanese Prime Minister Abe, and Professor Massey about possible solutions for strengthening the Japanese economy. Professor Hamada shared that one of the major challenges in Japan today is its aging population. Japan has the oldest population in the world. Consequently, the workforce is declining. Professor Massey stated that the solution should not be an attempt to make up for the decreasing population, but rather an increase in productivity and an adjustment of Japanese cultural norms. Both of our guests touched on better utilizing well-educated women in the work force and working until an older age. Both of which can be done, but will take time and challenge current cultural norms.

Our speakers also discussed business opportunities in Japan due to these demographic changes. The two main opportunities were health care and child care. The population is aging, so health care will be a hugely important and growing sector. In order for more women to pursue higher education and enter the workforce, it is necessary to have more child care opportunities so they are able to work outside the home.

I was impressed by Professor Hamada and Professor Massey’s optimism and their proposed solutions and opportunities for Japan in the coming years. I now have a greater awareness of the Japanese economy and culture and am looking forward to keeping up with the country’s progress in the future.

Global change marketplace: how the GSEC Trade Show brings the world to UW

trade showOver its nine year history, the Global Social Entrepreneurship Competition (GSEC) at the University of Washington’s Foster School of Business has brought awareness of pressing global issues to thousands of people – student competitors; competition mentors, judges and coaches; university partners; student volunteers; friends, family and supporters. So far, the competition has engaged over 2000 students of diverse educational disciplines and levels from around the world in tackling complex global social problems with entrepreneurial spirit and innovative market-based solutions.

At the competition’s culmination, semi-finalist university student teams (30-60 students per year) from around the world travel to Seattle for a week to learn about social enterprise, receive professional guidance and connections, network with each other and compete for prizes.

GSEC’s cross-cultural exchange is highlighted at the Trade Show, where semi-finalist teams each give their “pitch” to sell their business ideas to Trade Show judges, who act as mock investors, as well as students and community members. They often have prototypes, photos, videos and stories to illustrate the challenges they are facing and the inspirational impacts of their solutions. As a result, these issues become real, even for those who have never experienced them firsthand. Judge Loretta Little explains: “I have always felt and try to teach my kids that we’re citizens of the world. You need to put yourself in other people’s shoes. What better way than to meet people from around the world who are willing to come forward and share problems with you and what they think might be solutions to those problems.”

Teams often use prize money and connections made during GSEC to help launch their business, which can create employment and have other positive social impacts back home. Archived and streaming video of competition events, media coverage locally and in the student competitors’ universities and communities, and even the competitors own blogs and social media extends the education still further – allowing even those who cannot take part in the competition to feel inspired by the innovations being proposed to some of the world’s most pressing problems. Trade Show judge David Parker summed up why he volunteers each year: “The new ideas that are emerging every year from young people – it’s just astounding – they’re already creating patents, engaging with partners for manufacturing new devices, they’ve been able to engage with experts in the geographies of high need that they hope to get their solutions to – I just love seeing that passion, energy and creativity and innovation emerge and I continue to be impressed year after year with the applicants, the competitors and their ideas.”

GSEC is open to currently enrolled degree-seeking students in any discipline, at any level of study, and at any higher education institution worldwide who submits a plan that uses business principles to create a sustainable solution to poverty, health and economic growth in the developing world. Applications for the 10th annual competition are due November 12, 2014. Learn more at http://www.foster.washington.edu/gsec/

AOF High School students learn about foreign market strategy

AOF & GBCC EventThe University of Washington Foster School of Business’ flagship international event, the Global Business Case Competition (GBCC), brings together undergraduate university students from the United States and 12 – 14 other countries to compete in a fast-paced and challenging business case study. While GBCC week culminates with team presentations to corporate and community judges, it also serves as a forum for cross-cultural learning, and engages the student competitors as mentors for local high school students.

In 2008, we launched a partnership with the national Academy of Finance (AOF) program, which offers high school students an opportunity to study business topics to prepare them for college and their future careers.  Since then, over 500 high school students have come to campus to learn about global business strategy, presentation skills, study abroad, and international business and finance degree options and career opportunities.

This year’s AOF event brought students from three local high schools, Ballard High School, Chief Sealth High School, and Franklin High School, to the University of Washington campus for a full day workshop during GBCC week. During the workshop the AOF high school students were paired with undergraduate business students from around the world, and together they worked through several exercises focused on cultural understanding and developing global business strategy.

The university student participants mentored AOF students on how they approach difficult business cases, and what frameworks and tools they might use to breakdown an international business problem. The students spent part of the day working together on analyzing a case focused on The Boeing Company’s foreign market strategy, completing a SWOT (strengths, weaknesses, opportunities, and threats) analyses of Boeing’s opportunities in both Latin America and Africa. The students were tasked with determining which market Boeing should spend more resources trying to cultivate business.

In years past, the AOF and GBCC students have studied cases ranging from how Walt Disney Motion Pictures Group should handle piracy issues to examining the competitive landscape of Coca-cola and Pepsi over 100 years of rivalry to determining a marketing plan for a Mattel toy brand.

This partnership has resulted in a unique event each year that brings together a diverse group of high school students with university students from all over the world. The AOF students have the opportunity to learn about different culture and what it might be like to study international business in college. An AOF Board member shared that “getting this opportunity … broadens their experiences and offers insight into higher education opportunities.”

To learn more about the Global Business Case Competition and the Academy of Finance program, visit: www.foster.washington.edu/gbcc.

Special thank you to Wells Fargo for their generous support of this program.