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Tuesday, September 28, 2010

Procrastination? Not at BYU!

If there were one word to avoid when describing the MBA program at Brigham Young University, it would be “procrastination”. From the moment students get accepted into the program, months prior to the start of classes, they are kept busy with a wide variety of tasks—everything from surveys and pre-requisite classes to personal essays and personality tests. In addition, each new student is assigned a second year MBA “Sherpa” to help prepare the new student for the difficulties that he/she may find in starting the program. The Sherpas also provide mentoring and motivation to new students so that they begin to prepare their resumes, elevator pitch and interviewing skills before starting school. And as if this weren’t enough, BYU provides two orientations for many first year students: one for internationals, and then one for the entire incoming class.


All of the preparation provided by BYU prior to the start of the school year allows students to focus exclusively on their classes and their job search rather than spend half of the semester figuring out what is an optimal resume, how long an elevator pitch should be, or where to find the Symplicity website (Y Business Careers).


The program forces students to stretch in different directions to achieve results. These may come in the form of good grades, better family life or church callings, not to mention a robust personal/professional network and great career prospects.


My first impressions of BYU are related to hard work, discipline, anticipation and great attitude. Already, the program has helped me become a better person, and a better professional. Not only does BYU provide excellent faculty, but it also excels in selecting talented MBA candidates. And one first impression that still rings true is that the word 'procrastination' has nothing to do with this program.


Nacor Tortosa, Supply Chain, Class of 2012



Wednesday, September 22, 2010

Earl Stice

We have asked a few of our professors why they teach at BYU, what they hope students gain from their classes, and what advice they would give the incoming students. Today we will hear from Earl Stice, our PricewaterhouseCoopers Professor of Accounting. Enjoy!

-The Blog Team

What makes you different?

1. My love of accounting is a genetic endowment.

  • My brother and I both teach accounting in the Marriott School.
  • My older son is getting a PhD in accounting.
  • My younger son (a BYU accounting major) hopes to start a PhD in accounting next year.
  • My second daughter (a BYU economics major) is also considering getting a PhD in accounting.

2. I have connections with China.
  • I teach at business schools in China two or three times each year. This stems from a three-year stay (1995-1998) on the accounting faculty at the Hong Kong University of Science and Technology.
  • One of my daughters is from China.
  • My two youngest daughters (both from Kazakhstan) are in a Chinese-language immersion program here in Provo. They are second graders at Wasatch Elementary (across the street from BYU’s Law School).
  • I have written three cases on Chinese industries (oil, air travel, and telecommunications) that are used in the Financial Statement Analysis course.

Why do you choose to teach in the BYU MBA program?
Teaching accounting to accounting students is primarily about accounting. Teaching accounting to MBA students is about accounting and finance and valuation and regulatory policy and international intrigue and much more. So, teaching accounting in the MBA program allows me to cover accounting as well as the interesting business implications of accounting.

What do you hope students will gain from your course, aside from its content?
Excitement about learning new things.

What advice would you give students in their first year of the MBA program?
  • Don’t get behind in your coursework. Put in a full day of work every day (except for Sunday). Keep regular hours; late night work is a bad idea.
  • From Day 1, remember that every interaction -- with fellow students, with faculty, and with Marriott School staff -- will impact your business reputation, for good or ill.
-Earl K. Stice, Ph.D.
Accounting Professor, School of Accountancy

Tuesday, September 14, 2010

My First Impression

I embarked upon my MBA experience at BYU with much trepidation and anticipation. After all, this would be my first time in a graduate program, and I wasn’t sure what to expect. However, as I spent the first two weeks in orientation, and the subsequent weekend on the OB/HR rafting trip, there are several things that have stood out to me.


First and foremost, I have been amazed at how much time and effort the 2nd year MBA students put into making my experience as painless as possible. My Sherpa (second year mentor) has been especially helpful in assisting me as I make decisions that will influence the rest of my life. The alumni network at BYU has also been an outstanding resource. As I have reached out to former graduates I have been very grateful for the advice and information that they have given to help me through this journey.


My fellow classmates have also proved to be amazing people. It is already apparent to me that my peers are among the brightest MBA students in the country. I feel that the relationships I am establishing now will endure for life.


Lastly, I have been very impressed with the faculty in the program. The professors are world class, and it is readily apparent that they really do care for the students. After only two weeks in the BYU MBA program, it is not hard to see why it is among the top business schools in the nation.


Michael Eaton, OB/HR, Class of 2012


Monday, September 6, 2010

Fulfilling My Purpose as an MBA in Ghana

One year ago I came into the MBA program with no idea of what I wanted to do when I leave. To be honest, when listening to speakers and professors, I would often find myself questioning the purpose of getting an MBA. Yeah, you can make more money, be smarter, and have a really schnazzy resume. But seriously, what does that really get you? An MBA is only a ticket to a higher salary and more hours in the office if you aren’t able to make the connection of where it fits with your greater purpose. The key is to find that purpose. Simple task, right? But it’s something that needs to be explored at an individual level.


My greater purpose is to explore the world and use the experiences I’ve had through travelling and education to benefit those in less fortunate nations. The Marriott School has what I consider to be a best-kept secret – the Ballard Center for Economic Self-Reliance. (It’s not really a secret; we are all just too busy to look up and see the sign.) The Ballard Center provides students with many opportunities to get involved in social ventures, many of which exist in underdeveloped nations.


Last semester, I applied for a marketing/HR consulting project in Koforidua, Ghana with a rechargeable batteries company called Burro (burrobrand.biz). Burro has an innovative business model designed to help develop economic self-reliance in Ghana by providing more power to more consumers at a much more affordable price. Media and politicians tell us we should serve others by donating goods to those who are less fortunate, and in a time of crisis I can’t think of any better way. But this doesn’t do anything for those in need long term. Economic development is what many impoverished nations need, and companies like Burro help with that development. And BYU MBA students help those companies.


Burro has gained traction over the past two years and now wants to position itself for investors to push for expansive growth. So, four of us MBAs headed down to Koforidua after finals in April to see what we could do. Jennia Parkin and I developed research strategies to help us analyze the company’s branding, product line, hiring, and training efforts. We then made recommendations to the owner regarding marketing and HR strategies that would better serve the company as it positions itself for growth.


We experienced first-hand the challenges of working in a foreign country. It doesn’t matter if you both speak “English;” you will never really speak the same language. Culture, values, and experiences develop dramatic differences in perceptions and you must be acutely aware (and open to) these differences to avoid spinning your wheels. Transportation, processes, communication, sales, and training all happen at a much slower rate in Ghana, as well. It’s not due to a lack of capability or education, but to a lack of infrastructure. Hopefully, if Burro and more companies like it are able to take off in Ghana, the economy will grow, tax revenue will grow, and infrastructure will develop. And the cycle will begin. This takes time, but we must start somewhere. And giving away free products and services to these countries only hinders that economic development.


Let’s not get into that debate, though. This post is about finding the connection between your purpose and your MBA. My experiences in Ghana tie to what I hope will be the future of my career. I ended up doing my summer internship with Procter & Gamble. P&G’s purpose is to touch and improve the lives of more consumers in the world more completely. Burro’s mission is to deliver “high-quality, affordable goods and services to low-income families in the developing world.” If Burro were to write out its purpose, I would imagine it would be very similar to P&G’s, just more targeted to Africa.


These two companies allowed me to discover how my MBA relates to my purpose. My purpose is to explore the world and use the experiences I’ve had through travelling to benefit those in less fortunate nations. It doesn’t matter if I work for a social venture or big corporation.


Business can be one of the greatest aids we can offer any underdeveloped nations. But I wouldn’t have realized this without learning the lessons I did in Ghana. If it weren’t for seeing first-hand how products, like batteries, can develop and improve the quality of life for those in underdeveloped parts of the world, I may have looked at P&G’s purpose as a PR tool to aid in its greedy capitalist strategy. But now I don’t feel that way at all. Having my MBA can only give me more opportunities to explore the world and use business acumen to benefit those less fortunate – social venture or big corporation.


Tara Hair, OB/HR, Class of 2011

Interned at: Procter & Gamble





Wednesday, September 1, 2010

Grant McQueen

We have asked a few of our professors why they teach at BYU, what they hope students gain from their classes, and what advice they would give the incoming students. Today we will hear from Grant McQueen, our William Edwards Professor of Finance. Enjoy!

-The Blog Team


I joined the faculty at BYU in 1989 after graduating with a Ph.D. in finance from the University of Washington. I teach Corporate Finance to first-year MBA students; I try to make the course challenging and relevant. Some say my sense of humor is too sarcastic and ironic—I consider this a compliment.


I taught at the University of Washington and Arizona State. Borrowing from my college Prof. Pinegar, the reason I teach at BYU is because at UW and ASU I taught finance, but at BYU, I teach students. I love finance, but prefer to dedicate myself to something bigger than finance. I’m at BYU to prepare students to have great careers, but more importantly, to teach them to help others around the world.


JoLene and I live in Mapleton with our four children. We have a large garden and a small orchard. The McQueens enjoy sports, reading, family outings, and each other--most of the time.


-Grant McQueen, Ph.D.
Finance Professor, Department of Finance