Since its creation in 2005 following a generous gift from Dick Schulze, the Schulze School of Entrepreneurship has sought not only to educate its students and program participants but also to engage them in such a way that they leave with both the tools to succeed and the tools to make a difference in the world. With many successful entrepreneurship alumni, such as Mason Thelen (serial entrepreneur and owner of Elicit Insights) and Ben Anderson (owner of Cinemotion), it is apparent that this practical and forward-thinking approach to business education has had a profoundly positive outcome for its students. With that in mind, it is easy to see why the Fowler Business Concept Challenge through the Morrison Center for Entrepreneurship has found such success among UST students.
Senator David Durenberger shared his thoughts on the Affordable Care Act, the government shutdown and health care reform in a commentary from the National Institute of Health Policy here at the University of St. Thomas. Presented here are a few highlights. Read his complete commentary.
October 1 was the beginning of an exciting new journey for health policy reformers…Given the partisan nature of the attacks on both the passage and the implementation of the new law.
The rebuilding of health care in America did not start with the “glitchy” insurance exchanges. It began in communities across this country years ago. It began with the consolidation and integration of physicians, physician groups, and hospitals in places like Minneapolis-St. Paul and with the “disruptive technology” of retail clinics, urgent centers, and health information apps.
The Affordable Care Act adds a unique dimension to U.S. health policy. Something that is common to every developed nation’s policy. National goals for health policy. The goals reflect public opinion regarding the most appropriate way to a healthier America and more affordable, accessible, high quality health care. They reflect “reformer” activity in many communities across the country. Goals are a means to bring elected policy makers from all parts of the country and both political parties closer to comparing inter-governmental approaches to: Healthy people, healthy communities, and a value-based health insurance and care provider system.
“What is good for the community is good for business.” – Douglas Dayton
I’ve gotten to talk with some interesting people but Doug Dayton was one of my favorites. In part because he built two of my retail favorites; Target and Southdale. He was also good to work with while putting together information used to make this video for the MN Real Estate Hall of Fame. Sad to hear this news of his passing this weekend.
Via Bring Me The News: The Strib’s Neal St. Anthony notes that Douglas Dayton was the youngest of five Dayton brothers who took over their father’s department store in the 1940s and built it into publicly held Dayton Hudson Corp, one of the nation’s largest regional department store chains.
This video, made for UST’s Shenehon Center Real Estate Hall of Fame, has a nice history of the Dayton brothers, as told by Douglas Dayton:
From the Dayton Brother’s Hall of Fame induction:
This year marks the 50th anniversary of National Small Business Week. Although things have certainly changed since President Kennedy signed the first Presidential Proclamation in 1963, one thing that hasn’t changed is America’s entrepreneurial spirit and the important role that small business owners play in our economy and our communities.
Read more on the Small Business Administration blog »
In the early days of diversity, the work focused on race and gender. Then it broadened and became more complex. Laws change, attitudes are continually evolving and the newest generation in the workforce does not want to be put in a box of one race, ethnicity or group.
Each person is an individual and may or may not hold the traditional values associated with his or her primary culture. How does a manager create an inclusive environment given the evolving multiple dimensions of diversity? On
Tuesday, June 18 Wednesday, July 17, Mary-Frances Winters, president and founder of The Winters Group, will lead a Diversity Insights session that will provide tips for managing the complexities and paradoxes of individual identities:
Graduate and undergraduate teams from the Opus College of Business each took home top honors at the Intercollegiate Business Ethics Case Competition (IBECC) in San Diego, California this month.
Each team selected a business ethics topic and described both the problem and a proposed solution before a panel of judges made up of practicing ethics and compliance professionals.
The UST MBA team, including Joseph Grodahl, Jay Rajararatnam, Kasey Grams and Sean Higgins, won first place in its division for the 30-minute full presentation, “Violent Video Games: Ethical Implications of an Acquisition.” The team also took first prize in the 90-second competition and was division runner-up in the 10-minute competition. The undergraduate team won first place in its division for the 90-second competition on the topic “Using Child Labor to Source Cocoa.” Team members were Alex Bearson, Veronica Flamo and Gabe Monson.
“Our two teams continued to demonstrate the powerful capability of our students to identify and solve ethical challenges in the marketplace,” said Christopher P. Puto, Ph.D., Dean and Opus Distinguished Chair of the Opus College of Business.
Read more about the competition in the UST Business Newsroom »
May is Small Business Month, and entrepreneurs everywhere face uphill battles with funding, the economy, hiring and affordability in the effort to get their businesses off the ground. The website NerdWallet sifted through the factors that matter to small business owners to determine which cities are the best for those hoping to start a business and Minneapolis made the national top 10.
It is no surprise though, as evidenced by many of the entrepreneurial ventures launched here at St. Thomas or hiring our graduates. Several successful small businesses were honored last week at the 24th Annual Entrepreneur Awards Ceremony. Nearly 200 guests gathered to recognize those who foster and model the spirit of entrepreneurship each day.
During the awards portion of the evening, Dean Christopher Puto and Father Dennis Dease honored two individuals and a small business for their entrepreneurial thinking and commitment to giving back.
The Entrepreneur Alumnus of the Year award went to Dan Carr, ’82, CEO of The Collaborative. With more than 25 years working with Minnesota entrepreneurs, he credits his UST education for much of his success. Carr also noted that 90 percent of job creation comes from small companies, further reinforcing the role and impact of all entrepreneurs.
Recently, on the Twin Cities blog, Leadership and Community, Janine Fugate shared some thoughts on how we look at nonprofit business. She mentioned a TEDTalk by Dan Pallotta, “The way we think about charity is dead wrong.” We asked Ann Johnson, director of UST’s Center for Nonprofit Management to share her thoughts on the topic.
Fugate wrote: I hope there will be greater awareness of what it actually takes to run a nonprofit organization and the importance of funding a nonprofit organization’s “overhead”. I believe this is critical to helping our donors and supporters shift their measurement focus from financial efficiency measures alone to overall organizational impact and social change.
The restrictions nonprofits must follow to raise funds and the (arbitrarily) set percentage for “reasonable” operating costs, are prohibitive. Any one metric used to assess a comprehensive value proposition for nonprofit impact would be an over simplification. Even in the business sector, ROI isn’t the only metric use to measure success. As “conscientious capitalism” continues to evolve, social responsibility is being measured in terms of profit and purpose and consumers are much more actively engaged in and using their purchase power to make decisions that include both.
Minnesota business and professional leaders will come together tomorrow to honor finalists and recipients for the 14th annual Minnesota Business Ethics Award (MBEA).
The finalists are:
- Small-size category: Cresa Minneapolis/St. Paul; Douglas Scientific; and Latuff Brothers Auto Body
- Mid-size category: Affinity Federal Credit Union; Mintahoe Catering and Events; and Premier Disability Services LLC
- Large-size category: Cummins Power Generation; and St. Francis Regional Medical Center
The awards celebrate Minnesota businesses that exemplify and promote ethical conduct in the workplace, the marketplace and the community. Keynote speaker for the awards lunch will be Gregg Steinhafel, chairman and CEO of Target Corporation.
Learn more in the UST Newsroom.
The Multicultural Forum was held April 10-11, at the Minneapolis Convention Center with a spring snowstorm adding another dimension to the conference, especially for out-of-state visitors from warmer climes.
The Forum celebrated its 25th anniversary, culminating with a name change to The Forum on Workplace Inclusion. This new moniker reflects societal changes and a refocusing of the Forum’s agenda. Inclusion leads to engagement, innovation, productivity, and employee retention. Does your workplace value these variables? If not, what is the cost of not including, valuing, and listening to “others”? Considering business’ focus on financial outcomes—follow the money. Organizations and businesses are recognizing the economic benefit to the bottom line when they value and practice inclusion.
I was able to attend a variety of sessions. Highlights: