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Ethics

Ethics, FTMBA, Newsroom, OCB Commentary

The Value Proposition

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After recently attending an executive coaching session in which our second-year full-time MBA students were asked to create a value chart in order of priority for family, work, community and self, the emphasis placed on “values” got me thinking.  While a large proportion of the current professional population has been affected in some way by the arduous job market, how important are values to job seekers?

At a MBA Career Services and Employers Alliance student-lead panel, full-time MBA students  from St. Thomas and the U of M cited various items they consider prior to accepting a job offer.  Of those, professional advancement, opportunity to learn and be challenged as well as sharing the same values rated much higher than a competitive salary. There are a few things any job seeker should think about before accepting a position (or even applying for one). Continue Reading

Centers, Ethics, Events, FTMBA, Newsroom, Student Life

UST Business Teams Take Top Honors at National Business Ethics Case Competition

2013-05-10 10.27.01Graduate 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 »

Centers, Ethics, Events, Newsroom

2013 Minnesota Business Ethics Award to Honor Minnesota Companies

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.

Centers, Ethics, Events, leadership, Newsroom

25th Annual Multicultural Forum on Workplace Diversity Begins Today

MCF Logo 25The 25th Annual Multicultural Forum on Workplace Diversity kicks off today with a full day of informative sessions and discussions on the theme, Our Time to Lead. This reflects the legacy and evolution of diversity and inclusion over the last 25 years:  opening doors of opportunity, igniting change, and challenging organizations to respond to an ever-changing landscape of social, political, economic and technological realities.  Today, the unprecedented shifts of our time call us to meet these challenges.

Four signature events, or general sessions, offer a path to strengthen individual and collective leadership capacity for the challenges and opportunities ahead. The conference will also feature 58 concurrent learning sessions, a Resource Expo, free Career Fair and Career Services Center. Pre-Conference Professional Development Institutes took place yesterday.

If you’re unable to attend the conference, follow @MCFdiversity and #diversityforum on Twitter.

In addition three champions of workplace diversity will be honored during a Thursday, April 11, luncheon. Each year the forum honors individuals or organizations for their exemplary efforts to address workplace diversity issues. Recipients are: Continue Reading

Ethics, Faculty, Global Business, Newsroom

Is The New Pope the CEO of the Catholic Church?

img_pope_francisUnless you’ve been hiding under a rock for the last month, you know that a new pope was selected. As a business school at a Catholic University, we wondered how Pope Francis’ challenges as head of the Catholic Church relate to the challenges of any new CEO. “One of the things the new pope will have to deal with is a classic business mess — a multi-billion dollar conglomerate that has stumbled and is losing money and relevance,” noted Planet Money. We asked some of our faculty to weigh in and got some surprising answers, and discovered that UST has a direct influence on what the Church says about the “Vocation of the Business Leader.”

Professor Robert G. Kennedy from the Ethics and Business Law Department noted that while people are still trying to figure out the pope’s new priorities, he is not the CEO of the church, and the Vatican is not the headquarters of a global corporation.

“The pope is leader of the college of bishops,” said Kennedy. “And the church is more like a confederation of thousands of local organizations.” There are thousands of bishops around the world who make decisions about their individual dioceses, without running everything through the Vatican.

FinalsoftproofVoclyr1Kennedy noted that UST professor Michael Naughton, Moss Chair in Catholic Social Thought and director of the John A. Ryan Institute for Catholic Social Thought was the principal editor of a document, entitled Vocation of the Business Leader, issued last March by the Vatican’s Pontifical Council for Justice and Peace. Several other Opus College of Business faculty were on the drafting committee.

This publication forms the base of the church’s opinion about business. “In this document, the church, drawing from its rich social tradition, all but declared that ‘God loves businesses’ and offered concrete ways to bridge principle and practice,” explained Naughton in America Magazine.

We asked Naughton to share a few thoughts: Continue Reading

Environment, Ethics, Events, leadership, Newsroom

L2L Summit Asks Students “Leadership. Why me? Why now?”

Saturday March 1 marked the date of the Fourth Annual Learners to Leaders Summit. The annual summit is a unique event hosted by the Opus College of Business but targeted to a wide range of future professionals with connections to area colleges, including current juniors and seniors, as well as recent grads. The mission of L2L? To provide high-potential students and young professionals of color with perspective and resources that will position them for success in graduate school and in their careers.

The theme of this year’s summit was “Leadership. Why me? Why now?” The theme was chosen as a reflection of the reality that while everyone is capable of playing a valuable leadership role, it’s all too common to assume that the responsibility of leadership belongs to someone else, based on title, personality, or amount of past experience.

Did this year’s L2L Summit achieve its objective of providing content relevant and valuable to future graduate students from a broad range of backgrounds and interests? Here’s what some of the participants had to say.

Continue Reading

Ethics, Newsroom, OCB Alumni

See How Many UST Business Alumni Work at MN’s Most Ethical Co’s

WorldsMostEthicalCoRanking_noyearUST graduate business alumni have helped to put 5 Minnesota-baesd companies on The Ethisphere Institute’s annual list of the “World’s Most Ethical Companies.” Twin Cities Business reports:

St. Paul-based Ecolab, Vadnais Heights-based H.B. Fuller, and Plymouth-based The Mosaic Company were listed in the chemical company category. Meanwhile, Minneapolis-based Target Corporation appeared in the retail category, and Minneapolis-based Thrivent Financial for Lutherans was one of the financial services companies that made the list. This year’s list included 138 companies. Ecolab, Mosaic, Target, and Thrivent also appeared on the 2012 “World’s Most Ethical Companies” list, which also included Richfield-based Best Buy Company. The 2011 list included Ecolab, Target, Best Buy, and Golden Valley-based General Mills.

So, where are the UST business alumni? Here’s our count from this year’s list: Continue Reading

Ethics, Faculty, Local business, Media, Newsroom

Outside Consultant Round-up

UST Faculty regularly answer questions in the Star Tribune‘s Ask The Consultant column. Here’s a round-up of a few recent questions. Ask your own question.

How to find a reputable lawyer for a small business
What is the best way for a small-business owner to find a reputable lawyer? When you’re looking for trademark and intellectual property lawyers, what are some good criteria to help you find a match?

Amanda Feeley, owner, Esscentual Alchemy Continue Reading

Ethics, Events, Faculty, FTMBA, Newsroom

CEBC Ethics Case Competition Winners Headed to #IBECC

Case Competition Team

Jay Rajaratnam, Kasey Grams, Sean Higgins and Joseph Grodahl Biever

On March 1, teams from the full-time MBA program at the University of St. Thomas’ Opus College of Business competed in the fifth annual CEBC Ethics Case Competition. Hosted by CEBC, UST Opus College of Business, UnitedHealth Group and St. Jude Medical, teams explored the topic of “Video Gaming: Economic, Legal and Ethical Considerations” from a business, legal and ethical framework.

Students Kasey Grams, Joseph Grodahl Biever, Jay Rajaratnam and alternate Sean Higgins were chosen to represent St. Thomas at the International Business Ethics Case Competition (IBECC) being held in conjunction with the Ethics and Compliance Officer Association (ECOA) Sponsoring Partner Forum from May 8-10 in San Diego, CA.

CEBC also thanks Jeanne Hickey, JD at Covidien, Dan Lopez, CCEP at Alliant Techsystems Inc. and St. Thomas’ James Arnold, Kenneth Goodpaster, Ph.D., Ron James and Rosemarie Monge West for serving as judges.

Ethics, Faculty, Newsroom, OCB Commentary

Does gender and racial identity no longer matter in business?

By Teresa Rothausen-Vange, Ph.D., Professor of Management and Susan E. Heckler Endowed Chair in Business Administration

coverThe presence of female and minority leaders in America today has some people thinking that gender and racial/ethnic identity no longer matter in business and society today. In fact, these issues have just become muted and difficult to talk about due to political correctness and fear. Who benefits from this? Not most Americans of color, not most white Americans, not men, not women, and certainly not children.

If you want an example of how powerful gender norms still are, and how our society lashes out when people violate them in the business world, check out this post on Salon about the negative reaction to the new book by Sheryl Sandberg, Facebook’s chief operating officer, “Lean In: Women, Work and the Will to Lead,” out today. Continue Reading