Curriculum

TMMBA students gain consulting experience

Tuesday, October 27th, 2009

Sara Jones, Assistant Director

There are many opportunities to enrich your educational experience beyond the classroom.  This quarter, several TMMBA students are participating in two consulting opportunities through the Center for Innovation and Entrepreneurship: UW Tech Transfer LaunchPad Internships and the Entrepreneurial Law Clinic.

Students participating in LaunchPad Internships spend about 10 hours a week acting as consultants to UW Tech Transfer. They assess the commercial potential of UW research and help identify possible opportunities for these UW technologies.

The Enrepreneurial Law Clinic is an opportunity for MBA students to partner with law students in advising early stage Northwest companies about legal and business structuring.  This is a great chance to learn about the legal aspect of start-ups while gaining business consulting experience.

Stay tuned to hear more about the student experience participating in these activities as fall quarter comes to a close.

Leadership Immersion, weekend#2

Wednesday, October 14th, 2009

Aaron Lykken, Manager – Academic Services & Technologies

I’m a tad bit behind on my posting, but nonetheless one of the biggest events recently has been the TMMBA Leadership Immersion weekend.  In it’s second year, the Leadership Immersion places current TMMBA students into a intensive 3-day weekend focusing exclusively on Leadership at the workplace.  The weekend uses an array of resources to give students the tools they need to succeed as current or future leaders in their respective industry.  From readings, a leadership simulation, case studies, theoretical frameworks, and the analysis of organizational data, the weekend covers a lot of ground but allows the students to devote their absolute focus on this important subject matter for managers.  Last year the students attended the weekend in their typical section (Monday or Wednesday), however this year we added a special twist by mixing the students across sections which enhanced networking opportunities, enhanced the bond between sections, and to add a new element to the leadership simulation and class discussions.  The random groups then attended their weekend assignment during weekend 1 or weekend 2.  Another twist was that classes were held on the Seattle campus which is a special treat for most of our students as the overwhelming majority of TMMBA class sessions occur at the Eastside Executive Center in Kirkland, WA.

Without a doubt the leadership immersion as a whole was a fantastic success.  The instructor, Patrick Bettin, is widely known both at the Foster School of Business and in the private sector as an outstanding instructor and has received numerous awards in various Executive Programs at the UW.  In fact, he was honored last year by both TMMBA sections (Monday & Wednesday) with the Foster School of Business’ Excellence in Teaching Award.  During the days I attended, I saw the students extremely engaged and enjoying themselves as they reflected on what type of leader they currently are and what they need to do to become a better one.

Students
Student 2

Group 2 photo

What makes a great leader?

Saturday, September 26th, 2009

Sara Jones, TMMBA Assistant Director

“Management is doing things right; leadership is doing the right things.” — Peter Drucker

Today I am sitting in on the 2nd day of the TMMBA Leadership Immersion. One of the assignments for students was to give a 3 minute presentation about how a personal leadership role model has shaped their view of leadership.  This morning I listened to several presentations and heard a lot about parents, managers, famous figures, and religious leaders.  I was impressed by the student’s level of self-reflection, insight, and thoughtful delivery.  These role models demonstrated passion, commitment, trust, integrity, the impact someone can have on others, vision, determination, and the ability to lead through action rather than words. 

I am proud of the quality of the TMMBA program and it’s students.  It was rewarding to see the students share and learn from each other as they discussed their leadership role models.  I look forward to watching their continued growth as they finish the remaining three quarters of their MBA.

Halfway!

Tuesday, September 15th, 2009

Teagen Densmore, TMMBA Student

It’s September 15 and I’m enjoying my month off of school.  Well, almost a month off.  We have two assignments due: one for our leadership immersion weekend and one for our decision modeling class.  Oh, and we have to read a book and there is probably also a fair amount of reading I need to do to prep for the first day of class in each subject.

Oi, I’d better get cracking!

Despite these assignments, September does feel remarkably restful and I’m appreciating every moment.  I’m trying to schedule as little as possible, so that it actually feels like a month of rest: just seeing friends and family, going for runs and taking time to sit and watch the sunsets.

The last three quarters have been a lot of hard work, but also a lot of fun and very rewarding.  It’s inspiring to know I’ve made it this far, I hope I can manage another three quarters!

The post about perpetuity

Monday, September 14th, 2009

Lucas Perin, TMMBA Student

The TMMBA is starting to pay off for me.

It all started during a Finance class. We were doing a valuation exercise that required us to understand the concept of “perpetuity”. Next day, at work, I was in a meeting with some executives that were doing a “back of the envelope” valuation calculation. One of them suggested that they should add “that thing that relates to the going concern… eternuity? longevity?”.

“Perpetuity?”, I volunteered.

“Yeah! That thing. Do you know how to do it?”

I did. After that, I’ve done a few valuations and just ended up moving from Marketing to Finance. Which ended up being a good thing, given that my final grade on Finance is 4.0 and I’d be lucky to get a 3.2 on Marketing.

Summer after TMMBA Graduation

Monday, August 24th, 2009

Tom Mackey, TMMBA Alum

Some of you current TMMBA students are probably wondering what you will do with all that free time after graduation. In my case, at least, the question is “What free time?” Heh — it is amazing how fast it gets filled in with bits of vacation, household tasks, the J.O.B. that helped fund your studies, and both new and old personal pursuits. Two weeks after graduation found us in Eastern Washington, specifically, taking a tour of the Hanford Site. They open up tour dates in April and the slots fill up in just a few hours. We have wanted to take a tour for several years, and this was our “post-grad” treat. Our roses and other landscaping had really suffered for the last 1.5 years, and this summer I have spent a lot of time getting things pruned, watered, fertilized, and watered some more. The hot spell this year made it extremely challenging to keep things alive without running up the water bill too much. It seems I’ve spent just as much time on the computer as before, only now instead of writing papers, I’ve been researching more personal interests and discussing possible business ideas with Marilyn. And finally, I’ve started back into painting the final interior pieces of our house, and I’ve already been informed that the laundry room, one of the first things I painted when we moved in, will have to be painted a different color soon! It reminds me of the Golden Gate Bridge in San Francisco — when they finish painting it they shift back to the other end and start all over!

So what bits of knowledge from the TMMBA program have I been using lately? The things that come to mind, in no particular order are:

Macro Economics — the knowledge we got from Karma helps every day in understanding what I hear and read in the news. It’s nice to be able to explain what is really happening when we hear that the “Fed is printing money”. And did anyone see the article in the March 21-22 Wall Street Journal titled “Fed Doesn’t Need a Press to Print Its New Money”? I now keep it at work to show folks the difference between Federal Reserve notes and the overall money supply.

Wall Street Journal — I renewed my subscription on the student rate. If not offered next year, I’ll switch to electronic. I try to read it every day, but often have to skip all but the first section and then try to skim through the rest on the weekends.

Negotiations — I have to say that the Negotiations class was only a primer — I am getting my real education from Marilyn as we plan a purchase of an Airstream Travel Trailer in which to further explore this great country we live in. The one thing that she has made clear to me that the class did not is that as soon as you make contact with a new car or RV dealer, you have engaged in a war over the contents of your wallet. Pure and Simple, everything you say, and the way you say it, will be used against you if at all possible. Luckily we have some time before we get serious, so with one possible exception, my initial dealings have not had an impact on our wallet. In that one case, we will probably choose to exclude that dealer from our possibilities as he will probably remember a comment I made and know that we have a vulnerability in one area. More on this topic in a later post…

Leadership — Well, that’s something we can all improve upon, right?

Managerial Accounting — Has helped convince me even more that getting our home paid off is the best use of any extra cash we happen to have. Where else can you get a guaranteed 5% return on your money right now? And it sure is nice to see that “Interest Charged” amount go down with each extra payment made!

Marketing and Entrepreneurship — Every day Marilyn and I discuss possible business ideas — does it play to our strengths? How would we market the goods or service? Is it worth the time and effort required to make it work? So far, we have not come up with a winner, given our particular circumstances, but it could happen on any given commute, our normal “brainstorming” time.

Hi to TMMBA Alums. Happy Summer break to Class 9. Welcome to incoming Class 10+. Comments welcome!

-TomM

Another Saturday almost done

Saturday, July 25th, 2009

Aaron Lykken, Program Manager

Ah, TMMBA Saturdays. As I begin this post I can’t help but to look longingly at the sunny weather outside my office window. The Summer quarter is now at about the half-way point and this is the 3rd of 5 Saturdays scheduled. During a typical quarter (10 weeks), students enrolled in the program attend 10 weekday evenings (6-930) and every other Saturday (8:30 AM – 4:30 PM). Today was a nice combination of Marketing and Negotiations, two very different disciplines. A lot of the students have a good time in these courses as they are very interactive. A couple examples of this is the product taste testing in Marketing (to show how advertising can create an image for the product) and in Negotiations, case/interactive scenarios where teams are assigned roles and backgrounds on simulated negotiations scenarios and they get to practice negotiating an agreement and using the tools they acquire in class. It’s always refreshing when Faculty take a different approach to teach material and I see it constantly throughout the program. The students work hard and take each of the deliverables seriously but they also have a good time as they learn together. One thing we like to remind students when they start the program, this is a different environment than the workplace where you have to worry about inter-office politics, what you say/challenge, etc. In the classroom, it’s okay to try new things, challenge each other and ideas, and think about things in a different way, that’s a big part about going back to school, so it’s wonderful to see the students engaged in the material being covered.

Complexity and simplicity — all at the same time

Monday, March 30th, 2009

Erin Aselas, TMMBA Student

Last Saturday was the first day of the second quarter. As usual we had two classes and I was struck by the polar opposite lessons I learned in each class.

In the first class, I was awed by how complicated global economics can be and how it really takes a formal education to start to even scratch the surface of understanding it. I kept thinking how my family loves to debate the economy and identify who’s to blame for today’s crisis, where it all began, etc. But now I know it is not that simple. In fact, I don’t even know why the lay person even tries to understand the economy — the cable news networks dumb it down so much that they just make you feel like you know what’s going on, but you really don’t. We talked about 57 (OK I’m probably exaggerating) different economic indicators and how they all tell a slightly different story. It was so complex and humbling.

My second class was corporate finance. Now here I had the opposite experience. I used to think that financial reports were so complex that you would need a ton of expertise to even begin to figure out what is going on with a company’s financial situation. However, I have learned that in the course of a quarter I can really start to take a look “under the hood” of a company and really “get” what is happening. It is all coming together and at times seems pretty simple. If you just learn the tools to analysis, you can apply it to most financial situations and glean valuable info. It’s pretty exciting that in three short months I am already experiencing “break-throughs.” Which I think is saying a lot considering my liberal arts background.

And so the quarter ends…

Thursday, March 26th, 2009

Lucas Perin, TMMBA Student

As Plato would say (as I remember from playing Magic, the Gathering), all things must come to an end. And that includes our quarter.

There’s no real vacation between quarters. Really, don’t count on it. What happens is that you don’t go to class a couple Mondays (or Wednesdays, if that’s your thing), but between the last Saturday of Q1 and the first Saturday of Q2 there are two weeks, just like “normal” times.

And there are a lot of pre-reads and homework between quarters. Honest. A lot. You even have to watch a movie.

At the end of the quarter, the summary is:
- Accounting was great, and a welcome surprise. I can decently read a company report now.
- Microeconomy was interesting, but a little shorter than expected, so it felt a little incomplete.
- Statistics was good. Not very interesting by itself, but I can see it being used in other courses.
- Strategy was “The Curious Case of Benjamin Button”. If the last class was the first, it would make much more sense.
- Team building was great. I used a lot of it on my current job and it paid off.

So far, still very much worth it.

Almost Done with the First Quarter!

Sunday, March 8th, 2009

Teagen Densmore, TMMBA Student

Today I have one week of classes left and one week of finals after that. The quarter has gone by so quickly! Overall, the school work has been very challenging and very interesting, my teammates and classmates are fantastic, and the staff is outstanding.

This quarter’s classes are Accounting, Microeconomics, Statistics and Strategy and I’ve already noticed that I listen to and understand business news (and all news, really) in a whole new light.

Although I’m only one quarter into business school, I’m planning on giving the Foster Business Plan Competition a go. Leading up to the competition, Foster’s Center for Innovation and Entrepreneurship bring in entrepreneurs to talk on various topics regarding start-ups. Since the talks are on Thursday nights and I’m usually at class reviews on Thursdays, I’ve been listening to the talks online. I really appreciate the convenience of having these talks available online, saying the TMMBA keeps me busy is an understatement!

Next quarter’s schedule looks very fun:

TMMBA 507: Global Economic Conditions
TMMBA 512: Corporate Finance
TMMBA 551: Global Management I